Consumers looking to used gas guzzlers

It appears that falling gas prices have changed people’s buying habits when it comes to used cars as a new report from AutoTrader.com finds that an increasing number of car buyers are looking at gas guzzlers.

According to the figures from AutoTrader.com, trucks and SUVs took 11 of the top 20 spots of the most viewed vehicles on its website with muscle cars taking three additional spots on the list.

The company says that while many people are wary of purchasing a new car in the current economic climate, used cars sales are seeing growth. Of that growth, large vehicles like SUVs are seeing the biggest increase.

Between March 2008 and last month, views of the Ford F-150 rose 12.77 percent while its larger cousin, the F-250 saw a 24.4 percent increase.

Chip Perry, president and CEO of AutoTrader.com, says that while the auto industry is being hammered for not producing fuel-efficient vehicles, it appears consumers are not very concerned with buying those cars at the moment.

“The government says that part of the reason for General Motors and Chrysler‘s current woes is their failures at building the smaller, more fuel-efficient vehicles, but at the same time, we are seeing consumers shopping and buying full-size pick-ups and SUVs – not compacts,” said Perry. “Americans have traditionally gone for larger and more powerful vehicles and without gas prices spiking to $4 a gallon or above like they did last summer, there’s little indication that this trend will change anytime soon.”

Find New York Used Cars with New Jersey State Auto.

Kim Kardashian handles a Ferrari F430

She’s got money, a reality television show and a NFL boyfriend, what else could Kim Kardashian need? Apparently a Ferrari F430 as she was recently seen driving around in the sports car.

The former Dancing With The Stars contestant was seen driving a gray Ferrari F430 around Los Angeles. The base model of the car has a retail price of $186,925 but it’s more likely that the convertible Kardashian has been seen in runs upwards of $230,000.

Clearly Kardashian is not in the Prius-camp of Hollywood celebrities who are looking to improve their gas mileage as the 2009 Ferrari F430 gets an estimated 13 miles per gallon.

But for most Ferrari owners, miles per gallon are the least of their concerns as they’re specifically looking for speed, something the F430 delivers in spades. According to Cars.com, the car can go 0-60 in just over 4 seconds while handling the quarter-mile in 12.34 seconds at a speed of 117 miles per hour.

For the price, some argue that the Ferrari is not the best performance vehicle available.

“If you’re in the market for an exotic street machine, consider the Lamborghini Gallardo – the F430’s primary competitor,” writes U.S. News & World Report. “It provides faster off-the-line performance, but still can’t handle corners as seamlessly as the F430. However, at this level of performance, that’s just [nitpicking].”

Find New York Used Cars with New Jersey State Auto.

GMAC to increase used car lending

It appears that it may soon be easier for used car buyers to get a loan as one of the biggest auto financers eases restrictions.

GMAC says it will be opening new lines of financing for used car buyers who have less than perfect credit. The company announced today that it would allow customers with credit scores below 620 to expand the number of borrowers the company lends to.

In addition, the lender says it will increase allowable advance rates for financing terms of 60 months or less.

Bill Muir, GMAC president, said the company hopes to increase the number of people it lends to and will boost funding over the next two months.

“GMAC now finances a broad spectrum of auto buyers, similar to traditional levels,” Muir said. “Through March, we financed over $2 billion in new and used retail auto contracts. Over the next 60 days, GMAC will make available at least $5 billion in order to increase the flow of credit to U.S. automotive customers.”

The company will also reduce rates for used car financing.

Find New York Used Cars with New Jersey State Auto.

Study: Woman are more attracted to men in luxury cars

Men who are interested in buying a used luxury vehicle have yet another reason to make the purchase now that a team of scientists have proven the widely believed thought that women are more attracted to men with expensive cars.

Scientists at the UK’s University of Wales Institute in Cardiff say their study which is published in the latest edition of the British Journal of Psychology, proves that women prefer men who drive a “sexier” vehicle.

In the study the researchers showed women two pictures of the same man. In one he was sitting in a Bentley Continental and in the other he was behind the wheel of a Ford Fiesta (essentially the UK equivalent of a Ford Focus).

Dr. Michael Dunn, research leader for the study, says women preferred the man when he was driving the Bentley with women aged 21-40 picking him as the more attractive version more often. Men, Dunn says, did not have a significant preference when a woman was sitting in two different cars, the study showed.

Jennifer Love Hewitt apparently doesn’t need someone to driver her around in an expensive car as the Ghost Whisperer star reportedly recently purchased a Bentley Continental which has a base price of more than $197,000.

New York City art exhibit to feature BMWs

Beginning this week and running through April 6, visitors to New York’s Grand Central Terminal will be able to witness two art exhibits involving BMW.

The first exhibit will feature four of the so-called BMW “art cars” including a 1977 BMW 320i painted by Roy Lichtenstein and a 1979 M1 from Andy Warhol.

Since 1975 BMW has been creating the “art cars” and has allowed 16 of the world’s most famed artists to design their vision of a BMW. In addition to the actual cars, the exhibit will feature videos of the artists working on the vehicles and discussing their inspiration behind the work.

A second exhibit in the terminal will feature a painting by contemporary artist Robin Rhode which was created using a 2009 BMW Z4 Roadster.

The car, which had paint dispensers mounted behind the wheels, drove along a football field-sized canvas to create the work. A 30 foot by 40 foot section of the painting will be featured at the exhibit.

Jack Pitney, vice president of marketing for BMW of North America said the exhibits are part of the automaker’s commitment to the arts.

“BMW is proud to bring the works of some of the world’s most respected artists to New York
City as part of a free public art installation,” he said. “It is an honor to know that these artists, and so many others, have garnered inspiration from, or expressed their thoughts and points of view through, our cars.”

Find Used BMW cars in New York Tri-State Area with New Jersey State Auto.

Keeping your dog safe while driving

For many Americans their dog isn’t just a pet, he or she is part of the family. Because of that, many people factor in their dog when they’re looking to purchase a used car.

While the owner of a Great Dane might decide to purchase a Ford Expedition over a Honda Civic to give the animal more room on car rides, more often used car buyers opt to buy after-market accessories to make their trips with their furry friend easier and safer.

One product that MSN auto suggests is a car seat for the owners of tiny dogs. The seats let the little guys see what’s happening outside the window while at the same time keeping them safe. Some of the more advanced models even have heaters to keep your pooch warm.

Other suggested products from the news provider help keep your dog in his seat and out of your lap which the site notes is unsafe for both the dog and the driver. A ban on lap dogs while driving has also been proposed in a number of states in recent years.

The number of pet- and family-friendly features in used cars grows every year with vehicles being produced now which have everything from entertainment systems to back-up cameras.

Find New York Used Cars with New Jersey State Auto.

Late car payment may disable a used car

In the past, used car buyers who fell behind on their loan payments were in fear of the repo man taking their car in the middle of the night but a new trend has many car owners unable to start their vehicles if they’re late on a loan payment.

According to the Wall Street Journal, in an attempt to cut down on loan defaults many used cars are being equipped with devices called disablers which can keep the car from starting if a loan payment is late.

Don Lavoie, president and CEO of Sekurus Inc., one of the companies that makes the disablers, told the paper that sales rose 25 percent last year and notes that these devices give people the same type of incentive to pay their loan as they have with their cell phone.

He told the paper that many people are hesitant to send a late payment for their cell phone because it may result in their service being turned off. With the disablers, making a car payment becomes more important to some used car owners.

One way many people are trying to save money each month on their car loans is by increasing its length. According to a recent report from Cars.com, the median length of car loans in the U.S. rose to 60 months in February.

Find New York Used Cars with New Jersey State Auto.

Jenna Bush’s Secret Service detail vehicle towed

It appears that life outside of the White House isn’t so good for the Bush family as a recent report notes that a car in the Secret Service detail of former president Bush’s daughter Jenna was towed recently for unpaid parking tickets.

According to InvestigativeVoice.com, the Secret Service vehicle was towed and impounded in Baltimore, Maryland last week after city workers realized it had expired license plates.

Officials originally said the car was towed because of numerous unpaid parking citations but Baltimore department of transportation spokeswoman Adrienne Barnes told the website on Sunday that the realization that the vehicle had expired tags forced them to tow the vehicle.

It would appear that the parking violations stem from the lack of available parking near Bush’s residence in South Baltimore which residents told the website is notoriously low on parking.

City councilman Bill Cole said he is in favor of the towing, and says the former first daughter should be treated like everyone else.

“I think it is a good thing that the city towed the vehicle – we have a serious shortage of parking spaces,” he said. “Everyone should be treated the same when it comes to traffic laws, and everyone should have to pay their tickets.”

Former vice president Dick Cheney recently told CNN that he is getting used to driving himself again after being prohibited from doing so for the last eight years in office.

Find New York Used Cars with New Jersey State Auto.

Used car sales are up

Although a number of people are continuing to look at new vehicles when they’re considering the purchase of a vehicle, many are deciding to go with a used car as the economy continues to sag.

According to the Detroit Free Press, it appears that a growing number of people are considering larger, less fuel-efficient used vehicles as gas prices continue to hover under $2 per gallon.

One auto dealer told the newspaper that the demand, and price, of SUVs and bigger vehicles has increased as the gas prices have dropped.

The AAA Daily Fuel Gage report finds that the average price of regular unleaded gasoline in the U.S. is $1.966 – about five cents above last month’s figure. But the small increase in March is a far cry from the $3.260 for a gallon of unleaded one year ago.

A rise in demand also could mean good news for people looking to change vehicles. Increased demand and price for a car or truck may allow some used car owners to get more for their vehicle.

Find New York Used Cars with New Jersey State Auto.

Mustang is most popular used convertible

It’s official, spring is finally here and that means the warm weather in the New York tri-state area is almost upon us which will have many drivers looking to put the tops down on their vehicles. With that in mind, there are some great used car choices for people looking for convertibles.

According to autobytel.com, which allows used car buyers to review vehicles, the most popular convertible used car on its site is the iconic American driving machine – the Ford Mustang.

The latest generation of the car has been around since 2005, meaning even an almost 5-year-old used car will look relatively new. Kelley Blue Book lists a 2005 Mustang GT convertible in excellent condition with 60,000 miles at $18,620.

Next on the list are a couple of BWMs with the 3 Series and Z4 coming in at number two and three respectively.

The 3 Series has been around since 1989, so it’s likely that a used car buyer can find in their price range. The Z4, which can go for more than $40,000 new, can be had for under $15,000 when purchased used.

In a study last month from Cars.com, the Ford Mustang came in came in third overall for most popular used car.

Find Used Ford cars in New York Tri-State Area with New Jersey State Auto.