Car Prices Blogs - Automotive News Archive

2015 Ford Mustang Adds 45 Horsepower

July 19th, 2014

One of Ford’s oldest and most historic vehicles, the Mustang, is getting a little “beefier” in 2015. Ford announced that they are adding 45 horsepower to their 5.0-liter V-8 in the Mustang, bringing the total horsepower to 435. Ford is also releasing a brand new 2.3 liter 4-cylinder EcoBoost engine, which saves fuel economy, that still give you 310 hp.

There were a few other changes made to the 2014 Ford Mustang that were notable. Ford added an independent rear suspension, which replaced the live rear axle. They also reengineered the front axle to balance the Mustang’s new added performance. They tested the new 2015 Mustang against some stiff competition including the BMW M3 and the Porsche 911.

To find the lowest prices on competing cars in your area, visit www.CompetingCarPrices.com today. Get a no-obligation, free price quote and save thousands when you get to the dealership. We’ve got the true invoice cost of the Ford Mustangs and most other cars that the dealerships don’t want you to know.

Dealerships Competing For Slumping Summer Sales

July 10th, 2014

With more than half of 2014 behind us, automakers have mixed feelings about the last six months. On one hand, most of them posted better than expected monthly results in the last three months, including record sales totals for the month of May. These automakers include General Motors, Ford, Chrysler, Nissan, Hyundai, and Volkswagen.

There have been some negatives though, that have hurt sales and consumer confidence. The first three months of the year were so cold and snowy in the northern United States that sales slumped. People were staying inside and waiting for the warmer months. Another factor in reduced sales were the massive recalls in the first six months of the year, breaking a record for the most number of recalls in a year, in less than six months.

That said, dealerships are doing all they can to attract your business and clear some room on their lots for the 2015 model year vehicles. They are offering huge incentives and rebates if you know where to look. Get a no-obligation price quote from www.CompetingCarPrices.com today and see how much you can save right now on a 2014 new vehicle!

Take Advantage of 4th of July Price Wars

July 3rd, 2014

The first official summer holiday is upon us. The day we celebrate our independence, we will be also celebrating massive savings on 2014 cars, trucks and SUVs at local dealerships. Many dealerships are trying to get rid of their 2014 inventory to make room for the 2015 models. Chevrolet is one example, putting their ad dollars into the mix and buying 4th of July search traffic for their “72 Hour Sale”.

How do you take advantage of dealership reduced pricing for this 4th of July weekend? It’s simple. First, get a new 2014 car quote from www.competingcarprices.com. Secondly, find at least two local dealerships in your area that both have your vehicle on their lots. Thirdly, contact dealership A and tell them dealership B is giving you a slightly better offer than the invoice price. If dealership A doesn’t reduce their price to get your business, try the same thing with dealership B.

Just remember to get your low price quotes at www.competingcarprices.com today and drive away in a new 2014 vehicle tomorrow.

Take Advantage of End of June Savings

June 26th, 2014

The end of the month is upon us. Dealerships around the country are gearing up to get the most out of the last weekend of June and close the sales month. Dealerships and automakers had record May sales, some being the best May sales in the history of the companies. That means they will do whatever they can this weekend to get you into a new car, sometimes saving you hundreds or thousands of dollars in the process.

Here are a couple of tips to use when you are negotiating this weekend. First, get the invoice prices of the vehicle you are interested in buying at CompetingCarPrices. Dealerships mark up their vehicles in order to allow some room for negotiation of the price. Secondly, check to see if there are any additional rebates or incentives that your vehicle may qualify for. Don’t mention them until you have negotiated the best price and then you can save extra.

Lastly, if you are close to getting the deal done but need to get that last edge, mention that you’ll come back in July and renegotiate. They will want to get the deal done, and it might just be the necessary push to make them take your offer.

Remember to check CompetingCarPrices.com to get the invoice prices and incentive that may be available.

May 2014 Vehicle Sales Exceed 1.6M in U.S.

June 4th, 2014

The Big 8 had some surprising news for analysts on Tuesday as they turned in their sales results from May 2014. Their total, 1606,264 vehicles sold in May, beat expectations and was the strongest annual sales rate since pre 2008 recession totals. General Motors and Chrysler posted May sales that haven’t been equaled in over 7 years. Ford and Toyota beat May projections and Nissan also set a May sales record. Hyundai had its highest sales month in the history of the company.

GM’s sales in May were up 12.6% to 284,694 vehicles, seemingly unaffected by their record number of recalled vehicles currently. Ford’s sales rose 3% to 254,084 vehicles sold in May. Chrysler gained 16.7% and moved 194,421 units in May 2014. Nissan gained 18.8% in sales and sold 135,934 vehicles. Honda jumped 9% and totaled 152,603. Hyundai/Kia also improved 8.5%, selling 130,994 new vehicles.

When dealers compete for your business, you win! Find the best deals on competing dealerships in your area at www.CompetingCarPrices.com!

Gas or Electric Cars: Which Costs Less To “Fuel”?

May 28th, 2014

This question is gaining popularity along with the popularity and growth of electric vehicles. Many EV drivers are more concerned with the “cost” to the environment and not the savings over gas-powered vehicles, but there are also many EV drivers out there who are interested in this statistic. So how can you calculate the difference? It’s not as difficult as you might think, but there is some research involved.

To calculate the cost of gas fueling a vehicle, the formula is pretty simple. Simply divide the cost of one gallon of gasoline in your area by the miles per gallon (MPG) of the vehicle in question. For instance, if gasoline costs $4/gallon in your area and the vehicle gets 30 MPG, it costs 13.33 cents per mile to fuel your vehicle.

To calculate the cost of charging your electric vehicle is a bit more challenging. First, visit the automaker’s website to see the estimated charging times and the charging system you intend to use for the vehicle in question. Next, find your electric company’s rates per kilowatt-hour. Multiply the rate per kilowatt-hour by the estimated time it will take to charge your vehicle based on your chosen charging method. Then divide that number by the number of miles you received per full battery charge, and you will have your answer.

In most cases, it will be cheaper to charge your vehicle that it would be to fill it with gas, but you must do your own research to determine if this is true for you. Find more information about gas and electric vehicle MPGs at www.CompetingCarPrices.com.

Toyota Focuses on Fuel Cells for the Future

May 21st, 2014

Toyota’s CEO of North America, Jim Lentz, stated that electric vehicles are useful for short distance travel but remain less effective when long distance travel is needed. He cited that the limited range of their battery packs were the main reason for consumer’s concerns. This comes after Toyota’s recent decision to end its deal with Tesla to supply powertrains to Toyota’s electric Rav4.

Lentz commented, “It was time to either continue (building the vehicles) or stop. My personal feeling was that I would rather invest my dollars in fuel-cell development that in another 2,500 EVs” Hydrogen fuel cell vehicles are more efficient and less expensive to produce, so it seems like the best decision going forward. Lending FirstElememt Fuel Inc. 7 million dollars already, Toyota is investing in development of a fuel-cell network in California. It is estimated that Toyota will have 50 refueling stations by the end of 2018.

Do you want more info about Toyota’s and other manufacturer’s vehicles? Find it at www.CompetingCarPrices.com today!

AAA’s Report Says Costs Decrease to Operate a Car in the U.S.

May 14th, 2014

AAA’s “Your Driving Costs” study says it is cheaper to own and operate a sedan in the USA. The average cost to own and operate a sedan dropped to 59.2 cents per mile, down 1.64 cents from last year. This is due to a couple of factors, but the cost of gasoline makes up the majority of the yearly outlay. Based on 15,000 annual miles, the total amount you will pay to own and operate a sedan was $8,876.

AAA uses the average from the last three months of the year to calculate their costs. They found the average cost for the last three months in the U.S. in 2013 to be $3.28, which is much lower than the $3.66 national average from last week. So while the report was released when prices were cheaper, they may currently be slightly higher considering the 38 cent average gas price increase.

Find the vehicles with the best MPG and get a local price quote at www.CompetingCarPrices.com.

Save Time and Energy: Car Shop from Home

May 7th, 2014

What is the #1 thing we all dislike about car shopping? Applying for a loan at the dealership, waiting for the “manager” to approve a $500 reduction in price, or maybe just trying to decide which vehicle to purchase. All of these time-consuming tasks can be eliminated before you even walk in the door. Follow these steps to eliminate hours from your car buying experience.

First, decide which vehicle type is best for your transportation needs. A small compact for long commutes, or an SUV for big families, this decision is relatively easy. Then decide which automaker you want to purchase from, based on their warranties, fuel economy and amenities.

Then, get a few quotes on the vehicles you have chosen at www.CompetingCarPrices.com. This accomplishes a few time consuming steps in one. With a quote, you can get an estimate of how much the vehicle really costs, get MPG information, and if there are any current rebates or incentives. You can also apply for auto financing online as well at www.competingcarprices.com. Knowing these pieces of information about your desired vehicle will help substantially during your negotiation for a new car, and cut out all of the wasted time at the local dealership.

Auto Sales Improve Along with the Temperatures

April 23rd, 2014

It was a historically cold and long winter, which froze the growth of last year’s auto sales rebound. But the improved weather in late March and early April has auto executives optimistic about the rest of the 2014 sales year. March 2014 sales numbers have improved over a million units from March 2013’s totals, giving them this optimism.

March is historically a good month for auto sales as people receive their tax returns and many use them to purchase a new vehicle. Many auto executives were apprehensive about April, but all of the initial reports are positive. They are hoping that the next 90 days will continue to build upon the growth of the first quarter of 2014. If they do not see that growth, they may be in for a long year, full of discounts and rebates to inspire growth. To receive a price quote on a new 2014 vehicle, head over to www.CompetingCarPrices.com today!


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