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GM's Opel creates new arm to offer vehicle financing in Europe

2013-05-07 15:40:50| Automakers - Topix.net

General Motors Co.'s Opel brand said Monday that it created a new $1.7 billion European captive finance arm last month to offer "more attractive" financing deals for Opel and Vauxhall customers in a number of European countries.

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Private Party Used Vehicle Sales are Up, Art Spinella Says

2013-05-06 05:30:37| AutomotiveDigest.com - Automotive Industry News

Aprils gain in used-vehicle sales were predicted to be light, up about 1.5%, with most of this increase coming from Private Party sales. Franchised dealers were seeing used car sales go up around 1%, while Independent dealers were remaining static. CNW Researchs Art Spinella has been predicting an increase of private party sales for several months now. Expect the trend toward private party sales to continue for the next four months, but by the end of 2012 you can expect to see. The trend toward lower FICO scores among used-car buyers continues the share of sub -670 credit-score buyers increased to. While retail asking prices were off about 0.76% vs. March, franchised dealer prices were solidly ahead of last year by nearly. Click here to read the last Retail Automotive Summary report from CNW Research with details on franchised and independent dealer used vehicle salesThe Article Private Party Used Vehicle Sales are Up, Art Spinella Says appeared first on Automotive Digest.

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BMW Changes Gears in US Market with Cheaper More Reliable Vehicle

2013-05-06 04:13:42| AutomotiveDigest.com - Automotive Industry News

Situation: When US car shoppers think about Beemers aka BMW cars its typical for a few words to come to mind expensive, fast, and repairs. BMWs small SUV, the 2013 BMW X1 might change all of that. The BMW X1 is coming to market at a much more affordable price for middle-class car buyers. Another big step forward is taking an important European award for vehicle reliability. Significance: BMW had to do some work to get the X1 adaptable to the US market. Its been on European roads for a while, and BMW was concerned there wouldnt be a market for it in the US. Its slowly finding its way in the US market. For a lot of US car shoppers, theyve had concerns about expensive repairs on BMWs and other German models this reliability award will go over well for those concerned about long-term dependability. The new 2013 BMW X1 is now available in the US with a starting price of $31,545 for the 2013 BMW X1 sDrive28i. There are other packages for car buyers to consider with the X1. Read more about the recognition BMW has received and the opportunity to serve a new market segment in the US.The Article BMW Changes Gears in US Market with Cheaper More Reliable Vehicle appeared first on Automotive Digest.

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Venchurs Offering Leading Price Point On Ford CNG Vehicle Conversions

2013-05-03 06:36:14| AutomotiveDigest.com - Automotive Industry News

The Article Venchurs Offering Leading Price Point On Ford CNG Vehicle Conversions appeared first on Automotive Digest.

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Venchurs Offering Leading Price Point on Ford CNG Vehicle Conversions

2013-05-03 06:13:52| AutomotiveDigest.com - Automotive Industry News

Venchurs Vehicle Systems, a Qualified Vehicle Modifier of CNG conversions for Ford Motor Co., will be offering the industry leading price point for the 6.2L F-250 and F-350 CNG conversions (bi-fuel and dedicated). The 23.5GGE system utilizes the new 3M tank, and will be priced at $8,350. Because Venchurs is a QVM, the original Ford [...]The Article Venchurs Offering Leading Price Point on Ford CNG Vehicle Conversions appeared first on Automotive Digest.

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