Automakers’ lineup changes may not impact value of used cars in New Jersey

General Motors is looking to revamp its entire line of automobiles, with majors shifts in store for brands like Buick, but as some state agencies and other buyers are finding, used cars in New Jersey and other states may be more economically sound choices.

Currently, less than one in five new cars sold in America are made by GM, and the company has focused on younger buyers with new styling and more fuel efficient vehicles, along with programs designed to improve brand awareness, according to the New York Times.

“People are looking at us with a healthy degree of skepticism,” Fritz Henderson, GM’s CEO, told the newspaper. “The awareness of our products was painfully, almost pitifully low.”

But states like West Virginia, constrained by funding shortfalls, are choosing to move away from new vehicles to fill shortages in various agencies, reported the Associated Press.

Buyers considering used cars in New Jersey may not see the $800,000 that West Virginia Governor Joe Manchin expects, according to the wire service, but they may be able to find a vehicle that costs 40 percent less than a comparable new vehicle.

Air conditioning may save fuel when driving used cars in New York at higher speeds

The dog days of August may have motorists reaching for the air conditioning switch in used cars in New York, and they can now do so without worrying about fuel economy.

Industry scientists say that for sedans, the aerodynamic drag caused by rolling down the windows at highway speeds robs a vehicle of more energy than putting on the A/C.

To make the process more efficient, air conditioning subunit manufacturer Delphi recommends that before starting up a car that has been out in the sun, roll down all the windows to allow hot air to escape, then roll them up and put on the A/C.

Proper maintenance may also help owners cool down in used cars in New York: air filters can become clogged and less efficient, pushing less cool air through vents to occupants. Old coolant may also cause a similar reduction in the effectiveness, noted Delphi.

In city driving, however, SUV and truck owners may want to consider not using the air conditioning feature, since the boxy shape of those vehicles will outweigh any fuel savings, reported Slate.

Buying a new vehicle instead of a used car in New Jersey could require five months’ wages

Comerica Bank recently issued a report on the costs of purchasing a new vehicle, and while the affordability index has remained relatively unchanged, it still takes 22 weeks’ wages to purchase a new car, compared to lower prices for used cars in New Jersey.

The financial institution said that the numbers are actually slightly higher this quarter, as dealers and automakers restrict some of the affordable lending options initiated during the financial downturn to boost sales.

“Reflecting the partial normalization of credit markets, the average rate paid on a car loan at finance companies was only 3.45 percent last quarter, the lowest level seen in five years,” noted Dana Johnson, Comerica Bank chief economist.

However, incentives like attractive financing and the Cash for Clunkers program are unlikely to last, as Congress and the Obama administration are looking to put Chrysler and General Motors onto a comfortable profit margin with limited incentives to buyers before selling the public’s stake in both companies.

Resistance from Republican lawmakers, as well as some Democrats and environmentalists, could also limit future funding for the Cash for Clunkers program, making used cars in New Jersey a more affordable option for some buyers.

Buyers no longer enticed by Cash for Clunkers may be looking at used cars in New York

Recent internet purchasing analysis shows that by August 20, interest in new cars will be down to the level it was before the government-sponsored programs, in part because of people preferring used cars in New York.

Edmunds.com said that although interest reached a high on July 29, two days after the federal program was officially launched, buyers are now less likely to be shopping online and researching new vehicles.

“The funding for the original program was very low in relation to the size of the auto market,” said Michelle Krebs, Edmunds.com senior analyst. “This created a ‘Gold Rush’ mentality where consumers hurried to take advantage before funding ran out.”

People are still looking at purchasing vehicles, however, including those now considering used cars in New York, but there is some concern about new car sales later this year.

Krebs’ colleague Jessica Caldwell warns that a continued economic downturn could impact sales this fall, even with the introduction of new models after the spate of purchases related to Cash for Clunkers.

Buyers don’t need to wait for concept car to see roomy used Toyota Matrixes in New Jersey

A compact hatchback based on the Toyota Corolla is likely to take a bow at the Frankfurt Auto Show next month, but buyers looking for a roomy hatchback from the automaker could also consider a used Toyota Matrix in New Jersey.

The small concept will be made as a Lexus, and is designed to compete against the Audi A3 and BMW 1-series, a class of high-end hatchbacks that are more popular in Europe than here, reported Edmunds.com.

The car is likely to be presented at the Geneva show in 2010 as a pre-production model, but the website cautions that it’s not likely to make it here any time soon.

On the other hand the 2005 model year offers buyers considering used Toyota Matrixes in New Jersey a car they’ll be able to actually purchase, and one that offers good headroom and flexible seating, according to a Cars.com review.

The hatchback also adds more steering feel than the Corolla it is based on, and drivers can use up to 52 cubic feet of the interior for cargo with the seats folded down, reported the news provider.

Used Ford cars in New York may represent the last of their generation

Buyers who like some Ford models could find themselves looking into used cars in New York, as the automaker recently announced plans to revamp a wide swath of its worldwide product line.

In fact, up to 9 out of every 10 Ford cars offered in 2012 will be either an all-new design or an update of a model that incorporates global cues, another hallmark of the company’s rebuilding plan.

“In the worst of economic times, we are taking the actions necessary not only to strengthen Ford’s business but also to deliver world-class levels of product freshness globally,” said Lewis Booth, Ford’s chief financial officer.

That consolidation is also expected to reduce the variety now available with used Ford cars in New York. Worldwide, the automaker is hoping to cut the number of models it offers from the 59 it offered in 2008, a 40 percent decline from the number of options available just two years earlier.

“As we reduce costs, manage cash and increasingly leverage our ‘One Ford’ global product plan, our critical priority is protecting and enhancing our new vehicle pipeline,” added Booth.

Chevy Volt realities could point buyers to used Volkswagen Golfs in New Jersey

They may be working together on a separate educational program to develop hybrid technologies, but buyers considering used cars in New Jersey may be interested in learning that the Environmental Protection Agency is distancing itself from General Motors’ claim that its new Chevrolet Volt hybrid could get 230 miles per gallon in certain situations.

“The EPA has not tested a Chevy Volt and therefore cannot confirm the fuel economy values claimed by GM,” an administration spokesperson said in a statement. The official did go on to say that the EPA was glad that the automaker was making efforts to develop fuel efficient technology.

There may be one other problem for buyers looking at the Volt, slated to go on sale later next year: it’s expected to cost $40,000, and is not much more efficient than some diesel cars after 200 miles.

For example, used Volkswagen Golfs in New Jersey can get more than 50 miles per gallon, dependent on driving style, not far off from the Volt’s estimated mileage over 200 miles and many are priced at less than half of the price of a new Volt, reported the Atlantic.

Cash for Clunkers could limit charities’ access to used cars in New York

When people consider their options when looking for a newer model vehicle, one possibility is to donate used cars in New York to charities. Owners get a tax break and charities profit from selling their stocks.

Unfortunately, the nonprofits say that the Cash for Clunkers program has had a negative effect on their ability to raise funds for initiatives like housing and feeding the homeless, which is the aim of Mission Solano in California.

“Those profits were already down as consumers hold onto old cars longer or broker their own sales to weather the bad economy,” says Ron Marlette, the organization’s executive director. “But, the Cash for Clunkers program is also hurting those who traditionally turn to the Mission to buy low priced transportation.”

It also hurts the prospects of those who may want to buy used cars that are within their price range, but are unable to do so because the vehicles are now marked “Not for sale – must be crushed,” he added

Further east, some charities in Chicago say they will be lucky to have sales reach 25 percent of their height, according to CBS News.

Lack of insurance could prove costly for drivers of used cars in New Jersey

Some in the industry estimate that up to one in seven motorists drive without insurance, but new enforcement efforts could affect owners who choose not to buy policies for used cars in New Jersey.

Local police agencies are setting up checkpoints that are similar to DUI stopping areas, requiring that drivers prove they have insurance and registration documents.

And it really doesn’t matter who they stop. William Mecke works for the Georgia Regional Transportation Authority as its communications director, and actually has insurance.

However, when an Atlanta-area officer stopped him and asked for proof of insurance, Mecke couldn’t find a current card and ended up with a ticket.

For those who choose to go without insurance entirely, police have the right to seize used cars in New Jersey and other jurisdictions, levy hefty penalties and even suspend someone’s license.

College students may be one group more affected than others, with lower annual income than other demographics.

They could help themselves two ways: a fuel-efficient used car is often less expensive to insure than new models, and getting good grades can reduce rates as well.

Used Nissan Sentras in New York still more cost-effective than newer models

Taking a look at the 2010 model, one may be tempted by lower manufacturing prices, but a used Nissan Sentra in New York is still likely to be the more affordable choice.

The automaker recently announced its pricing scheme for the compact sedan, with price reductions of every trim line, including $1,000 savings on the SE-R Spec V package which include larger alloy wheels and suspension improvements.

Thanks to depreciation, however, a used Nissan Sentra in New York is apt to cost thousands less than the model found in dealer showrooms this fall, with a cost differential of at least 20 to 40 percent based on some estimates.

Prospective owners could take a look at the 2006 model which was “one of the fastest economy cars in the market” in some trims and included many features available standard in base models, according to an Edmunds.com review.

Easy to operate and “nimble handling” characteristics could prove attractive as well, according to the website’s editors. The sedan also offers similar horsepower and engines to buyers who may have been considering newer models instead.