Auto Facts
 
 

 

Average down payment, monthly payment rise in December
Posted on: 01/10/2019
 

 

 

Dec. 2018

 

 

Dec. 2017

Term

68.41

68.99

Monthly payment

$558

$536

Amount financed

$32,056

$32,080

APR

5.87

4.73

Down payment

$4,487

$4,056

     

Source: Edmunds



Top 10 best-setting autos
Posted on: 01/07/2019

The top 10 best-selling autos in December 2018 and year-to-date as reported by Automotive News.  GM sales are estimated.

Dec.     12 mos.
1 Ford F series 87,772   Ford F series 909,330
2 Chevrolet Silverado* 66,422   Chevrolet Silverado 585,581
3 Ram pickup 60,155   Ram pickup 536,980
4 Nissan Rogue 42,523   Toyota RAV4 427,170
5 Honda CR-V 42,079   Nissan Rogue 412,110
6 Toyota RAV4 38,669   Honda CR-V 379,013
7 Chevrolet Equinox* 37,297   Toyota Camry 343,439
8 Toyota Camry 29,093   Chevrolet Equinox 332,618
9 Honda Accord 28,627   Honda Civic 325,760
10 GMC Sierra* 28,295   Toyota Corolla 303,732


Top 10 best-selling cars
Posted on: 01/07/2019

The top 10 best-selling cars in December 2018 and year-to-date as reported by Automotive News.  GM sales are estimated. 

Dec.     12 mos.
1 Toyota Camry 29,093   Toyota Camry 343,439
2 Honda Accord 28,627   Honda Civic 325,760
3 Tesla Model 3* 28,000   Toyota Corolla 303,732
4 Honda Civic 26,384   Honda Accord 291,071
5 Toyota Corolla 25,439   Nissan Sentra 213,046
6 Nissan Sentra 17,567   Nissan Altima 209,146
7 Nissan Altima 17,064   Hyundai Elantra 200,415
8 Ford Fusion 16,052   Ford Fusion 173,600
9 Hyundai Elantra 15,076   Chevrolet Malibu 144,542
10 Chevrolet Malibu* 13,267   Chevrolet Cruze 142,61


Top 10 light-truck sales
Posted on: 01/07/2019

The top 10 best-selling light-trucks for December 2018 and year-to-date as reported by Automotive News.  GM sales are estimated.

Dec.     12 mos.
1 Ford F series 87,772   Ford F series 909,330
2 Chevrolet Silverado* 66,422   Chevrolet Silverado 585,581
3 Ram pickup 60,155   Ram pickup 536,980
4 Nissan Rogue 42,523   Toyota RAV4 427,170
5 Honda CR-V 42,079   Nissan Rogue 412,110
6 Toyota RAV4 38,669   Honda CR-V 379,013
7 Chevrolet Equinox* 37,297   Chevrolet Equinox 332,618
8 GMC Sierra* 28,295   Ford Escape 272,228
9 Toyota Highlander 23,125   Ford Explorer 261,571
10 Ford Explorer 22,293   Toyota Tacoma 245,659

 



Air Bag Recall
Posted on: 12/22/2018

It’s been over three years since the government took over management of recalls involving dangerous Takata air bag inflators.  The Associated Press reported that one third of the recalled inflators still have not been replaced. 

The Takata devices use the chemical ammonium nitrate to create a small explosion that inflates air bags.  But inflations can explode with too much force, blowing apart a metal canister and hurling shrapnel at drivers and passengers.  At least 23 people have been killed worldwide and hundreds injured due to the problem.

The inflators grow more dangerous as they get older because ammonium nitrate deteriorates due to high humidity and cycles from hot temperatures to cold.  The most dangerous inflators are in areas of the South along the Gulf of Mexico that have high humidity.

NHTSA and the monitor are urging people to go to https://www.nhtsa.gov/recalls or www.AirbagRecall.com to find out if their air bags have been recalled.  Owners will need their 17-digit vehicle identification number.



Average Monthly Payment
Posted on: 12/11/2018

As a smart shopper, we’re concerned with the total price of the auto we have in mind as well as the monthly payment.  Just like the average purchase amount increasing in Q3 2018, so did the monthly payment.

1.      The average monthly payment on a lease or used vehicle increased by how much in Q3?

a)    $22

b)    $56

c)     $35

d)   None of the above

2.     The average monthly payment on a lease or used vehicle is now at an all-time record high.  What is that payment?

a)    $297

b)    $400

c)     $327

d)   None of the above

 3.     The average monthly payment on a new vehicle increased by what amount in Q3?

a)    $72

b)    $45

c)     $23

d)   None of the above

Answers below.

1.      c

2.     b

3.     a



Used Auto Prices
Posted on: 12/10/2018

The  Q3 Edmunds Used Car Report shows that the average price for used vehicles reached $20,085.  The price reflected a 3.5 percent increase for the same period in 2017. 

And the most affordable segment of used-vehicles, those priced under $10,000 are harder to find.  So much so that from 2013 that segment has dropped from 25 percent of the market to 16 percent.  

If you’re thinking with used prices increasing on a regular basis, perhaps purchasing new would be a better choice.  Undoubtedly, some buyers will consider purchasing new rather than used.  If you’re curious about the average price of a new vehicle in the third quarter, it reached $35,992.  



Used Car Sales Q3 2018
Posted on: 12/10/2018

The third-quarter of 2018 had a 5.0% increase over Q3 2017.  The edmunds Used Car Report said that 10.2 million used vehicles were sold in Q3.

According to the report, In the third quarter of 2018, used-vehicle prices hit their highest level on record since 2006.  The used car market typically sees a one percent decrease in pricing from Q2 to Q3 due to seasonality, but the quarter saw a more modest drop of 0.3 percent.




 
 
 
 
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