Archives for March 2014


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Auto Demand Index Falls in February, as Economic Pessimism Lingers Among Consumers

Ramsey, NJ (PRWEB) February 17, 2014

Despite the robust performance of new vehicle sales over the last few months, a recent decline in purchase intent and the deluge of bad weather occurring throughout the nation this winter are likely to slow down momentum in auto sales for the near future, according to this months reading of the TechnoMetrica Auto Demand Index. TechnoMetrica also expects that the persistent pessimism among consumers will have a negative effect on new car sales.

February posted a significant decline in the ADI, as the Index decreased by eight points to a reading of 80. With this sudden 9% slide from the previous month, we anticipate a drop in auto sales for the coming months.

TechnoMetrica Market Intelligence developed the Auto Demand Index, a monthly survey of American adults from around the country, as a way to measure the purchase intent of consumers regarding their likelihood of buying or leasing a new vehicle within the next six months. We compute the Auto Demand Index based on responses to the question: How likely is it that you will buy or lease a new vehicle within the next 6 months?

After achieving a fourteen-month high in January, the ADI fell to its lowest level since September 2013 this month. Additionally, Februarys Index level is only one point above the 12-month average of 79. A number of variables have contributed to this downturn in purchase intent, including the hard economic conditions faced by todays consumers, and the perpetually high gas prices that continue to leave dents in drivers wallets. The recent onslaught of bad weather occurring throughout the nation has also had an impact on purchase intent, and has already led to a drop in auto sales last month.

The share of Americans who said they would likely purchase a new vehicle in the near future also declined slightly. In February, the share of likely buyers was 13%, a two point drop from the previous month.

TechnoMetrica also conducts a monthly survey on consumer confidence, published as the Investors Business Daily/TIPP Economic Optimism Index. According to our analysis of Februarys results, American consumers remain pessimistic about the state of the nations economy. The Index level decreased slightly to 44.9, a 0.3 drop from Januarys reading of 45.2. The Economic Optimism Index has now registered a reading in negative territory (below the neutral level of 50) for sixteen straight months.

As pessimism regarding economic conditions continues to linger among consumers, and as the fierce winter weather bears down on much of the nation, we expect new vehicle sales will also be hit and decline for the coming months, says Tom Westervelt, an auto analyst with TechnoMetrica Market Intelligence.

Along with purchase intent, the Auto Demand Index survey also questions buyers on the brand of vehicle they would be most likely to purchase. In February, Ford maintained its position as the number one choice among consumers, with a share of 20%. Chevrolet moved into second place this month, as preference for the brand among likely buyers increased four points to 13%. Brands Honda and Toyota were both chosen by 11% of consumers, while similar shares of likely buyers (5%) preferred GMC and Dodge.

When asked about the type of vehicle they would be likely to purchase, consumers named mid-size vehicles as their top choice, with a share of 28% of likely buyers. However, the percentage of likely buyers who chose mid-size vehicles as their preferred type declined seven points from last months reading. An equal percentage of consumers (14%) reported that they would be likely to purchase pick-up trucks and compact vehicles.

Concerning demographics, Midwestern car owners recorded the greatest increase in intention to acquire a new vehicle, growing 24 points from last month to a score of 103. Meanwhile, purchase intent among 18-24 year olds continues to decline, positing the largest drop among the demographics over the past three months. Southern vehicle owners also experienced a sharp fall in purchase intent during the same period.

Each month, TechnoMetrica uses Random Digit Dial telephone methodology to conduct live interviews with more than 900 respondents, using both landlines and cell phones. The margin of error for the survey is +/- 3.3 percentage points. Additionally, recent statistical analysis has shown a strong correlation between the Auto Demand Index and actual U.S. vehicle sales. The correlation is 0.76.

About TechnoMetrica Market Intelligence:

TechnoMetrica Market Intelligence Inc. is a progressive full-service research firm established in 1992. The firm, headquartered in Ramsey, New Jersey provides both quantitative and qualitative solutions to the business and government markets. TechnoMetrica has been providing innovative research solutions to many of the worlds most respected automotive brands for over a decade. In partnership with Investors Business Daily, TechnoMetrica conducts IBD/TIPP polls, including the nationally-recognized IBD/TIPP Economic Optimism Index. IBD/TIPP was the most accurate pollster in the 2008 and 2004 presidential elections, according to final FEC-certified results of those elections. TIPP is also the polling partner of The Christian Science Monitor and the Monitor/TIPP polls regularly appear in the paper.

Note to Editors:

Users of these statistics should attribute credit and source to TechnoMetrica as this research is proprietary. To review the entire TIPP Auto Demand Index for 2013 visit:

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Business service robots The invisible unarmed

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Man sentenced in scheme to fraudulently buy cars
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Why we can't seem to stop oil-filled rail cars from going boom
They do, however, seem to share that information with state officials, who sometimes share it with reporters, which is how Kahn learned that there were indeed trains full of the particularly explosive Bakken crude going through Pittsburgh, Penn., and …
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Report: In Cutting Emissions, CAHSR Expensive Compared to Local Upgrades

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You dirty rat poisons!
Testing of birds of prey in San Diego County found that more than 9 in 10 had rat poison in their systems; the pesticide is also found in more than three-fourths of the state's mountain lions. … And in cases in which lesser measures don't work, the …
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Auto Insurance Cheap Rates Now Supplied Online for Liability Plans at Automotive Portal

Birmingham, AL (PRWEB) March 12, 2014

Drivers who know where to find insurance agency discounts can often reduce the price of a monthly or annual policy. The Auto Pros company is now contributing to cost savings this year by including auto insurance cheap rates for liability insurance through its quotes tool at

The new rates information that is viewable by the public can help introduce immediate discounts and savings that agencies are providing in 2014. The cheaper rates information that is supplied is offered as a new way to compare agency costs in a single online location compared to calling agencies separately by phone.

“Liability insurance for motor vehicles is the most common form of insurance and one of the most profitable for insurers in the U.S.,” an Auto Pros source said.

The public searches that are now conducted through the Internet insurer portal are designed to inform drivers about little known discounts or price drops that insurers are promoting. Apart from state minimum coverage types, drivers now have the ability to complete in-depth searchers of insurer products to find other plans to quote.

“Insurance plans that are quoted while using our system include updated price data due to our automated connections with providers this year,” said the source.

The Auto Pros company has adjusted the number of auto insurers inside of its system this year to create a more comprehensive resource for car owners to use. The regular coverage policies for accident protection that are supplied are in combination with the vehicle warranty plans that are now quotable at


The company is currently used by thousands of vehicle owners in North America on a daily basis to locate insurance products prices and insurer data on the Internet. This company has developed a public search tool that is currently linked with agencies in the U.S. The company website is continuously modified to include different sources of research for the general public. There are now sources to locate discounted automotive components and warranty programs that agencies provide to car owners in all 50 states.


State of Florida Insurance Agents Join Internet Quotes System at Auto Company Portal Online

Jacksonville, FL (PRWEB) March 09, 2014

The price hikes that some insurance agencies apply to insurance policies in the auto industry has created more demand for companies providing applicable discounts, according to industry data. The Auto Pros company is now welcoming state of Florida insurance agents inside of its Internet quotation system to quote less expensive auto insurance plans at

The agencies that are now active inside of the public system are able to generate policy quotations for full coverage or standard coverage plans offered to motorists. These FL agencies are now mixed in with providers from different U.S. states to allow more in-depth price research by the general public.

“Residents in Florida or surrounding states unable to find discounts for certain types of vehicle insurance could use the automated system we are offering to shorten research time,” said one Auto Pros company source.

One new advantage that users of the automated quotation tool receive this year is the categorization of agent pricing by city zip codes. This change has increased the privacy for each system user as well as the available discounts that companies are offering in the quotes tool.

“A driver in Florida or another state listed in our quotation tool can use their own state zip code to instantly match and review company discounts that insurers are providing,” said the source.

The Auto Pros company research platform now available for vehicle insurance policy quotations is connected to the system producing car warranty quotations now active at This secondary system is one of the latest inclusions to the insurance industry research tools now accessible this year.


The company uses its independent research platforms on the Internet to educate and alert consumers about vehicle insurance pricing and auto components discounts from national suppliers. This company is a now trusted source to locate complete price data for essential vehicle services. The company uses an automated system to provide updates to the content that consumers access each day. The toll-free phone support number this company has added this year has improved customer service responses and auto industry information distribution.


Oxnard mayor lays out plans for city in annual address

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Home News 5 tips for buying a vehicle this spring 5 ways to…
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Building and protecting credit is essential
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Latest Used Car King News

Used Cars In Brooklyn With Easy Financing at Kings Auto Show
Kings Auto Show, the king of used cars in Brooklyn, has announced a brand new special credit program that makes it easy for everyone to get approved for auto financing – no matter how bad their credit is. Kings Auto Show has the largest inventory of …
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In Alexandria, end of the road for King Street usedcar lots to come in October
After eight years of waiting for two King Street used-car dealers to find new locations for their businesses, the Alexandria City Council voted Saturday to give the proprietors until October to vacate the premises. The lots, in the 1300 block of King …
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Millions of used cars with recalled parts sold online
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Used Car Dealers in Canada Industry Market Research Report from IBISWorld Has Been Updated

New York, NY (PRWEB) March 05, 2014

The Used Car Dealers industry experienced volatile conditions in the early parts of the five years to 2014; however, the industry has since shifted gears and taken off at full speed. During the recession, relatively high unemployment and limited disposable income caused consumers to cut back on discretionary purchases, such as cars. Consequently, revenue for the Used Car Dealers industry fell in 2009. Beginning in 2010, however, the economy began to improve and consumer spending began to rise again. Moreover, consumers, still wary of the economic climate, increasingly opted to purchase used vehicles over new ones, helping to boost sales. This renewed demand has remained consistent and over the five years to 2014, revenue for the Used Car Dealers industry is expected to grow at an annualized rate, including an estimated jump in 2014.

Profit, measured as earnings before interest and taxes, is also expected to increase over the five-year period, supported by higher average selling prices. Although used vehicle prices declined in 2009 and 2010, according to IBISWorld Industry Analyst Brandon Ruiz, they began to rise in 2011 in light of limited inventory. The recession reduced fleet purchases and the number of leased vehicles, which caused a shortage in the one-to-five-year-old used vehicles segment. In 2014, profit will account for a percentage of revenue.

The Used Car Dealers industry is highly fragmented and has a low level of concentration. These trends are expected to continue in the five years to 2019. Over the period, industry revenue is projected to grow at an annualized rate. Rising demand for used vehicles, particularly for vehicles five years and older, is anticipated to drive growth prospects, says Ruiz. Nonetheless, many firms are expected to forgo significant expansion of their operations. Rather than expanding into new markets with new locations, dealers will instead prefer to increase inventory at their existing retail outlets, hoping to leverage higher sales from an existing customer base. As such, the total number of industry dealerships is only projected to rise at an annualized rate over the five-year period.

For more information, visit IBISWorlds Used Car Dealers in Canada industry report page.

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IBISWorld industry Report Key Topics

The Used Car Dealers industry sells used passenger vehicles, including cars, light trucks, sports utility vehicles and vans. Used car dealers also provide parts and repair services, as well as financing and insurance.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.