Archive for February, 2012

Canadians continue to hold onto their cars longer

  There was a time when car buyers used to hang onto their cars for a maximum of four years then trade them in for newer models. Times have changed as the average age of used cars on the road is approaching eleven years. One of the main reasons  is the quality of vehicles has improved to the level where you can keep your vehicle much longer than cars gone by before being hit with large maintenance charges. Also with manufacturers offering extended warranties with longer standard warranties many consumers are opting to keep their cars longer as a direct result. Some experts even pointing to the past recession changing consumers’ views that having the newest car as not very important in terms of social status. With competition among automakers continuing to improve quality levels, this trend is not expected to reverse, even when the economy starts firing on all cylinders. There is one thing car makers can …

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New cars have never been built better

  New car quality levels are higher now they they have ever been in the past. The All New 2012 Chevrolet Sonic Sedan on Display Competition among automakers has increased to the point that high initial quality levels are the new baseline to which all new cars approach. As a result of this, the chances of a new car shopper ending up with a lemon is extremely rare, no matter which manufacturer they choose. Back in the 1990′s and early 2000′s small cars made in Japan had a distinct quality advantage over domestic models. Currently the Big Three have increased their quality to levels that once were the domain of imports alone. Also Korean automakers Hyundai and Kia have increased their quality levels to those now comparable to Japanese brands. As a result of this change, new car buyers can now focus on other more important factors such as overall …

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Hyundai Elantra wins ’2012 Canadian Car of the Year’ at Toronto Auto Show

  The Automobile Journalists Association of Canada (AJAC) today announced that the Hyundai Elantra has earned the title of “2012 Canadian Car of the Year” during a press conference at the Canadian International Auto Show in Toronto. The Elantra was selected as the winner from a group of three finalists which also included Hyundai’s Accent subcompact. “The all-new Elantra was simply the single most important new vehicle that Hyundai has ever launched,” said Steve Kelleher, President and CEO of Hyundai Auto Canada Corp. “The Elantra competes in Canada’s critical compact segment, so for it to win Canadian Car of the Year is vindication for all the effort Hyundai designers and engineers invested into the project. We wanted to bring Canadians a new take on the compact sedan; one with great style, quality, safety, and incredible fuel efficiency. So, we couldn’t be more …

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Pirelli teams with Audi to take Canadian winter driving to a whole new level

  Pirelli has partnered alongside Audi to take winter driving to a whole new level with the 2012 edition of the Audi Driving Experience – a high-adrenaline driving program dedicated to showcasing the best of both brands under the most extreme conditions. This year’s exhilarating experiences will take place will be held in two locations this winter – Feb. 12 through Feb. 19 at Esterel Suites, Spa & Lac in Montreal, Quebec. – Feb. 28 through Mar. 4 at Nakoda on the Lake, Spa Lodge and Conference center in Calgary, Alberta. Participants will have the opportunity to feel first-hand the grip of Pirelli Sottozero Serie II tires, original equipment fitment for the 2012 Audi S4, as renowned Audi-certified driving instructors coach attendees on proper winter driving techniques on the frozen surface of a Canadian lake. “This is the ideal environment for Pirelli to demonstrate our …

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Car dealers expect big bounce in auto sales for 2012

  Many dealers are feeling upbeat about a great year ahead for car sales. Auto sales are expected to rise at minimum 10% over last year. Also with all the dealerships that have closed over the last few years the number of sales per dealership is up. Dealers are now hiring more sales people ahead of the expected sales rush. Dealers are also upgrading sales and service facilities to be more competitive going forward. Car manufacturers are expecting a nice bounce back in sales after a few years of downturn. J.D. Power and Associates Senior Vice President John Humphrey said the outlook for dealers is good. Also Japanese automakers are over the supply disruptions caused by the tsunami in early 2011 which is great news for import dealers. Anyway you look at it both new and used car sales levels should increase in 2012 and beyond.

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Used car prices could hit record levels this year

  Those in the market for a used car may have to pay more than expected. While late model used vehicle prices are still lower than new car prices, they are surprisingly high. It boils down to simple economics, supply and demand. Used cars have been in short supply for a while now and nothing in 2012 appears to change that. At the same time demand for quality late model used cars has never been stronger. The result is higher prices across the board. There is some debate on how strong used car prices will be in 2012. Some analysts see higher increases while others are not as convinced. However all believe prices will be healthy going forward. One of the biggest reasons why supply is tight is that new car sales in the last few years have been down by up to 35% …

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Justin Bieber autographed car sells for $40,000

  While a brand new 2012 Hyundai Genesis Turbo Coupe is worth about $35,000. The question was how much would one be worth with Justin Bieber’s signature. Turn’s out about $5,000 more. Justin Bieber and Stratford Hyundai teamed up to auction a 2012 Bright Red Genesis Coupe with his signature in four spots. All proceeds going to upgrade a skateboard park in Stratford, Ontario. It was after Stratford Hyundai sold Justin Bieber’s Grandmother a car that Dealer Principal, Frank Sandola, hatched the idea. In secret, over the christmas holidays, Bieber autographed four areas of the car. The dashboard, the sunvisor, the owners manual and the original window sticker. While some thought the car could sell for more than $100,000, it ended up stalling at the MSRP before topping out at $40,000 with just minutes left in the ebay auction.

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