Help The Middle ClassNews and Information For The Heart Of America
Car Dealer Scams And How To Avoid Them (Forbes)
Buyer Beware: Here’s what to watch out for the next time you’re in the showroom.
Of the top 10 industries that received the most consumer complaints last year, three were auto related.
New-car dealers, used-car dealers and auto service and repair shops registered almost 54,000 complaints in North America, according to the Better Business Bureau. They were [...]
Transportation Department Sets New Fuel Efficiency Standards For Autos (The Washington Post)
Consumers will pay more for cars upfront but may save money in the long term under new rules finalized Thursday by the Obama administration that will increase fuel efficiency and for the first time set greenhouse gas emissions standards for cars and light trucks.
The new fuel efficiency standards, issued by the Transportation Department and the [...]
Car Dealers Are Cutting Deals For Drivers With Good Credit (Wall Street Journal)
Car dealers, auto finance companies and credit market analysts are seeing a decided spring thaw in the auto finance market—especially for drivers with good credit.
Today, “if you have a job, and there’s equity in the loan…that’s it,” says Ed Gorham, director of the finance department at Planet Honda, one of the biggest Honda dealers on [...]
Toyota’s President Takes ‘Full Responsibility’, But The Problems Don’t End There (New York Times)
WASHINGTON — Toyota’s elusive president goes before a House committee on Wednesday, one day after the company’s highest ranking American executive came under blistering criticism for its response to problems with sudden unintended acceleration in its cars.
The president of Toyota, Akio Toyoda, will take “full responsibility” when he appears before the House Committee on Oversight [...]
Toyota Does Another Recall – This Time 2010 Prius (USA Today)
Toyota says it is recalling about 437,000 Prius and other hybrid cars worldwide to fix brake problems — the latest in a string of embarrassing safety problems at the world’s largest automaker.
Company President Akio Toyoda made the recall announcement at a press conference Tuesday in Tokyo.
TOYOTA TROUBLES: Could company’s connections help it weather investigations?
“We have [...]
TOYOTA UPDATE: Toyota Top Boss Apologizes For Recalls (Los Angeles Times)
‘I am deeply sorry about the inconvenience and concern caused to our customers and others,’ says Akio Toyoda, who did not announce a Prius recall. ‘I regret this more than anything.’
Reporting from Tokyo and Washington – Calling the huge recall of Toyota Motor Corp. vehicles a “moment of crisis” for the world’s largest automaker, the [...]
8 Ways to Cut Insurance Costs for Teen Drivers (Kiplinger.com)
My 16-year-old son is about to get his license, and I’m afraid of what that might do to our auto-insurance rates. How can we lower insurance costs?
You’re right to be worried — your auto-insurance premiums are likely to skyrocket when your teenage son starts driving. But a few key moves can help you cut costs [...]
Toyota Issues New Recall For 2.3 Million Vehicles. Stops Making Camry And Corolla Models (Los Angeles Times)
The affected vehicles, including the top-selling Camry and Corolla, were recalled because the gas pedal can stick and cause unwanted acceleration. Toyota will also stop making them effective Monday.
Toyota Motor Corp. is temporarily halting sales and production of eight models, including the top-selling Camry and Corolla, that it has recalled because the accelerator pedal can [...]
10 Helpful Hints For Buying Cars in 2010 (Bankrate.com)
Car buying is not like buying a television or other household item. There are many different factors to consider, and the sheer purchase price alone makes it worth spending some time researching before you buy. If 2010 will bring you a new set of wheels, then follow these 10 tips to help ensure you buy [...]
10 Things Your Auto Insurer Is Hiding From You! (Smart Money)
Updated and adapted from the book, “1,001 Things They Won’t Tell You: An Insider’s Guide to Spending, Saving, and Living Wisely,” by Jonathan Dahl and the editors of SmartMoney.
1. “When I say this is a good policy, I mean it’s good for me.”
While agents can help you navigate auto policies, some may not have your [...]
