Auto Facts


Buy New or Used
Posted on: 12/05/2019

The excerpt below is from an article by Joe Overby, Senior Editor, Auto Remarketing. 

More than two-thirds of consumers would consider going pre-owned the next time they buy a vehicle — and a slight majority would be most at ease doing so at a franchised dealership, according to an Ally Financial survey.

The Harris Poll conducted the online survey of more than 2,000 U.S. adults in May on behalf of Ally Financial.

The survey showed that 69% of respondents were likely to consider buying a used vehicle the next time they were in market.

Fifty-three percent said a franchised dealership would be where they are most comfortable buying used. Twelve percent were most comfortable purchasing from an individual, 10% preferred an independent dealership and 8% were most comfortable buying from an internet-based source. Fourteen percent were unsure and 2% listed “other.”

Although the number one reason for considering buying used isn’t included in the above excerpt, you can make the call.  If you said the price, you’re right.

Sixty-one percent of the Ally survey respondents who bought used said they did so it was less expensive. Meanwhile, 40% said they liked the used vehicle’s brand or model and 34% said they received “more car for their money,” according to the survey, which allowed respondents to list more than one answer.

Manual transmission vehicles
Posted on: 11/14/2019

Electric vehicles outsold manual transmission vehicles in the third quarter, according to a study from J.D. Power. The reason for the shift, writes Jake Lingeman, is that some automakers have stopped making inexpensive compacts that often feature manual transmissions and those cars that still have manuals are more niche.

Electric or Gas Power
Posted on: 11/14/2019

1.      Is it more expensive to fuel an electric car than fueling a gas car? 

2.     What is the number one reason for stopping younger buyers from purchasing an electric car? 

3.     Is buying a used electric vehicle cheaper than buying a new one? 

4.    What manufacturer has the majority of the market for electric cars? 

5.     What is the percent of the total market share for electric vehicles?

Answers below.

1. According to the US Department of Energy, fueling an electric car costs almost half as much as a gasoline car, with a gallon of gasoline costing $2.64 on average in the U.S., and an electric eGallon costing $1.24.

2. Their biggest concern is not price, but range anxiety — the fear that the car will run out of power before the battery can be recharged.

3. Buying a used electric vehicle is cheaper than buying a new one, with used EVs costing between 43% to 72% less than new ones, depending on the model, according to Edmunds.

4. The majority of the market share is Tesla, according to Cox Automotive’s research.

5. Electric cars make up around 2% of car sales.