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No Surprise: Toyota Recall Will Affect Used Car ValuesIn my next life, I want to come back as an analyst. It's great to make predictions but hedge them so much that you're bound to be right regardless - kind of like some weather forecasters I know. Such is the case with one prediction on used car values with regards to the Toyota recall. AutoRema... |
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Market Is Right for New & Used ToyotasWell, it's official. Toyota has come up with a plan for dealing with the recall of its cars with sticking accelerators. As I wrote recently, now is a great time to buy a used Toyota. Prices are going to be down but you're really not going to suffer a drop in quality. I don't write about new ca... |
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Sticking Accelerators in Toyota Matrix Mysteriously Absent in Pontiac VibesA press release from GM is somewhat telling about the problem of automotive hypochondria. The issue of the Toyota recalls is obviously a serious problem with 2.3 million vehicles subject to recall for sticking accelerator problems and another 4.2 million Lexus and Toyota vehicles for accessory fl... |
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CarMax Is Adding 600 JobsSeems that CarMax's formula for selling used cars (basically as a retail item with no room for haggling on price) is paying off. CarMax is adding 600 jobs across the country, according to a press release from the Richmond, VA based company. The majority of the jobs are in sales, with additional o... |
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Don't Pay for Outdated Navigation SystemsInteresting question came my way via Aaron Gold, the About.Com guide to New Cars. Another guide had asked him if $400 was a fair price to pay to have his navigation system updated (it needed two updates) on a 2005 model year used car with 40,000 miles on it. The other guide said he would have had... |
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New Cash for Clunkers Program Not Likely?Phil LeBeau, a CNBC correspondent who writes about the automotive industry in his blog, Behind the Wheel, says not to expect a new Cash for Clunkers program anytime soon. He opines, "Quite simply because the auto industry is no longer in such dire shape that it needs billions pumped in t... |
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