Auto Facts
 
 

 

Top 10 best-selling light vehicles in January
Posted on: 02/01/2018

The top ten best-selling light vehicles in January as reported by Automotive News.

 

Ford F series

58,937

Chevrolet Silverado

40,716

Nissan Rogue

36,184

Ram pickup

29,358

Toyota RAV4

26,655

Chevrolet Equinox

26,405

Toyota Camry

24,638

Honda CR-V

24,326

Honda Civic

23,749

Toyota Corolla

21,407

 

 



Top 10 best-selling cars in January
Posted on: 02/01/2018

The top ten best-selling cars in January as reported by Automotive News.

 

Toyota Camry

24,638

Honda Civic

23,749

Toyota Corolla

21,407

Nissan Altima

20,185

Nissan Sentra

17,731

Honda Accord

17,677

Hyundai Elantra

14,017

Chevrolet Cruze

10,858

Ford Fusion

10,352

Chevrolet Malibu

7,553

 



Top 10 best-selling light trucks in January
Posted on: 02/01/2018

The top ten best-selling light trucks in January 2018 as reported by Automotive News.

 

 

 

Jan.

1

Ford F series

58,937

2

Chevrolet Silverado

40,716

3

Nissan Rogue

36,184

4

Ram pickup

29,358

5

Toyota RAV4

26,655

6

Chevrolet Equinox

26,405

7

Honda CR-V

24,326

8

Ford Escape

18,947

9

Ford Explorer

17,989

10

Toyota Tacoma

16,712

     

 



Average new vehicle price in December
Posted on: 01/12/2018

Edmunds estimated that the average transaction price of a new vehicle was $36,495 in December.   That is up 3% compared to December 2016.  And, as could be expected, the average down payment increased to $4,056, up $227 from December 2016.

 New-Car Finance Data*

                              December 2017            December 2016

 Term (months)              68.99                            68.23

 Monthly Payment        $536                              $521

 Amount Financed        $32,080                      $31,046

 APR                                  4.73                               4.43

Down Payment             $4,056                          $3,830

 

Used-Car Finance Data*

Term                             66.9                               66.7

Monthly Payment      $392                            $385

 

Amount Financed    $21,613                         $21,399

 

APR                               7.7                                 7.3

Down Payment         $2,488                          $2,407

*Source: Edmunds



A changing industry
Posted on: 01/09/2018

At one time pickup trucks were exactly that, a truck.  Now it has changed and a pickup truck can do the job of a truck but at the same time provide the comforts of any car while seating five.

Year-end statistics show the top 3 selling vehicles in the U.S. are pickup trucks and, as expected, the Ford F-series has a commanding lead over the next best-selling truck by over 300 thousand units.  This year the number could be even greater as Ford is beginning to take orders on the F-150 that will offer a diesel engine.  Ford has been the best-selling pickup for 36 years straight.

It would be expected that fourth place in total sales would again be the Toyota Camry but wait, fourth place does go to Toyota but not for the Camry.  The Toyota RAV4 is in that slot followed by the Nissan Rogue in fifth place.

What was common prior to 2017 was the Toyota Camry (a car) as the best-selling non-pickup but now for the first time ever, a SUV occupies fourth and fifth place.

Rounding out sixth through tenth place we have the Toyota Camry, Honda CR-V, Honda Civic, Honda Accord and the Toyota Corolla.

Notice that domestic brands only have pickups in the top ten. 

 



Do you know your credit score?
Posted on: 01/08/2018

If you aren’t aware of your credit score you should visit the credit union and speak with our lending department.  Although we see members in a different light than other lenders, it’s important to be aware of your score.   

Tom Krisher, AP Auto Writer, said “Buyers with credit scores of 600 or lower make up about 20% of new-car sales.  Prime credit buyers make up 61%.  The rest are in a middle category called non-prime, according to Experian.”

“Subprime buyers got substantially better rates even a year ago.  The average subprime rate of 5.91% last year has jumped to 16.84% today, Smoke says.*  For a 60-month loan of $20,000, that means a monthly payment hike of more than $100, to $495.”

So, with the Feds broadcasting three more rate hikes this year that monthly payment example above could increase significantly.

Your credit union should be your source for credit related matters.

*Jonathan Smoke is the chief economist for Cox Automotive.     




 
 
 
 
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