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Last year the depreciation rate on used vehicles reached 12.1 percent, which was lower than the initial forecast. For 2015, depreciation levels are expected to hit 14.5 percent, according to a new report from Black Book and Fitch Ratings.
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DaimlerChrysler's Chrysler Group plans to recall 831,000 minivans that may have weak power steering hoses and could pose fire dangers, the company said according to a report in the Associated Press (AP) on August 5.
Read More →VIENNA, Austria --- Oil prices inched up today as investors considered whether last week's U.S. jobs report would prompt the Federal Reserve to change the interest rate, the Associated Press reported.
Read More →WASHINGTON, D.C. --- The average U.S. retail diesel price slipped 6.5 cents to drop below $4 a gallon for the first time since April 7, according to a Sept. 24 report from the Energy Information Administration.
Read More →A new report from WalletHub explores the least and most driver-friendly states based on 31 key metrics including several safety factors.
Read More →General Motors is leading the automotive industry in solar energy use in the U.S., according to the Solar Means Business report from the Solar Energy Industries Association.
Read More →Montana's drunk driving enforcement rates as the worst in the nation, while five other states have the most robust enforcement in the nation, according to a report from Mothers Against Drunk Driving (MADD).
Read More →Electric-vehicle driving range can fall almost 60 percent in extreme cold and 33 percent in extreme hear, according to a report from the AAA Automotive Research Center.
Read More →The National Insurance Crime Bureau's (NICB's) report covers a four-year period, from Jan. 1, 2008 through June 30, 2012. NICB stated it further filtered the results to provide details on thefts for the 2009, 2010, and 2011 model-year vehicles only.
Read More →OYSTER BAY, NY - Sixty-two percent of the world's new cars will have factory-installed telematics in 2016, according to a new report from ABI Research.
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