Daily Digest – August 30. Tow Truck Driver Involved in Fatal Accident; Comparing Cars to NFL Teams

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TOW TRUCK DRIVER INVOLVED IN FATAL ACCIDENT A tow truck driver in St. Petersburg, Florida was involved in a fatal accident yesterday. The driver, William Tabor, was towing a vehicle he had just repossessed and was stopped at a stoplight. An individual in a wheelchair was crossing the street and when the light turned green, Tabor started driving...

Daily Digest – August 29. Car Sale Numbers Expected To Drop Next Year; Rising Delinquency Rates Raising Concerns

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NADA HOLDING WITH 2016 CAR SALE PROJECTIONS, EXPECTS NEXT YEAR’S NUMBER TO DROP The National Automobile Dealers Association (NADA) is continuing to project car sale totals of 17.7 million units for 2016. But the NADA is projecting next year’s car sale numbers to decrease to 17.1 million units. Interest rates will continue rising on...

Daily Digest – August 24. Automobile Customer Satisfaction Increases For First Time in Three Years

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AUTOMOBILE CUSTOMER SATISFACTION INCREASES FOR FIRST TIME IN THREE YEARS Customers in the U.S. are more satisfied with their vehicles in 2016 than last year, according to data released by the American Customer Satisfaction Index. The increase is the first after three straight years where satisfaction declined. Lincoln was the brand with the...

Daily Digest – August 23. Used Car Prices Remain Strong; Where The Most Financially Responsible Americans Live

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THOSE WAITING FOR DROP IN USED-CAR PRICES ARE STILL WAITING  The industry has been bracing for weakening used car prices — and the subsequent drop in car sales — for more than a year, but it has not happened and shows no signs of doing so. A number of industry experts share their theories why used car prices have remained strong and...

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