American Auto Loans hit Record Levels

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No, you’re not imagining things. Both new- and used-vehicle prices are on the rise and American motorists are paying more than ever to purchase cars and trucks. Continue Reading...

Ford, Honda Projected to Gain Market Share in new ‘Car Wars’ Study

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The analysts and number crunchers at Bank of America/Merrill Lynch released the findings of their latest Car Wars study, a report that tracks industry product trends. The results are surprising; market-share fluctuations are expected to remain small. But Ford and Honda are both projected to gain in the coming years with Nissan on track to… Continue Reading...

Report: Toyota Recall Costs Estimated at $2 Billion

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Toyota’s recent recall issues may cost the company an estimated $2 billion. Along with the company’s third quarter report, Toyota estimated the costs of the global recall at 180 billion yen (US$2 billion), including 100 billion yen (US$1.1 billion) for repair costs and another 70-80 billion yen ($787-899 million) in lost sales. Toyota predicts a… Continue Reading...