Are the Most Popular Fuel Economy Cars in the United States Outselling Its Truck Rivals in 2008?

Although the price for gasoline has come down over the past months, the one question that keeps protracted in car buyers mind is the direction of gasoline prices for the coming months and years ahead. Although no one can predict the future prices at the pump, but with the current recession in the works, many doubts that it will be anywhere but up.

Running a check at U.S. Retail Gasoline Prices indicated that from July 2008 until November 2008 the country is currently enjoying the lowest average gasoline prices of $1.93/gallon (regular grade) in November 2008. The second lowest gas price was back in January 2007 at $2.15/gallon. It then rose to $3.22/gallon in May 2007, down to $2.75/gallon in September 2007, up again in March 2008 at $3.30/gallon before reaching its peak of $4.12/gallon in July 2008.

However can we assume that sale of fuel efficient new and used cars are tied to the price of gasoline. You will be surprised by the findings below!

Let’s take a look at the most popular cars and trucks sold in January to April 2008:

TOP 10 MOST POPULAR CARS AND TRUCKS FROM JANUARY 2008 TO APRIL 2008

  1. Ford F-Series
  2. Chevrolet Silverado
  3. Toyota Camry
  4. Honda Accord
  5. Honda Civic
  6. Toyota Corolla/Matrix
  7. Nissan Altima
  8. Chevrolet Impala
  9. Dodge Ram
  10. Ford Focus

From January to April 2008 above, the list contain all the familiar faces but if you look at the list of Top 10 Most Popular Cars and Trucks in May 2008 below, you’ll find a wind of change was forthcoming.

While the prices of gas fluctuate during a period of uncertainty, American drivers are not only using less gas but they are not taking any chances by also changing their vehicle as well. Just take a look at America’s favorite Ford F-Series trucks that have been the top selling brand for the past 2 decades. By May 2008, it has dropped by 5 ranking while the fuel efficient Honda Civic took over the top spot. More importantly you will notice that cars are overtaking trucks as the best selling vehicles during the period in comparison. There is no surprise here as car buyers reacts according to the cost of gas.

TOP 10 MOST POPULAR CARS AND TRUCKS IN MAY 2008

  1. Honda Civic
  2. Toyota Corolla/Matrix
  3. Toyota Camry
  4. Honda Accord
  5. Ford F-Series
  6. Chevrolet Silverado
  7. Nissan Altima
  8. Ford Focus
  9. Chevrolet Cobalt
  10. Chevrolet Impala

Now, let’s tracks the most popular cars and trucks sold in July 2008 when gasoline prices were at its peak during the period in our review.

TOP 10 MOST POPULAR CARS AND TRUCKS IN JULY 2008

  1. Ford F-Series
  2. Toyota Camry
  3. Honda Accord
  4. Toyota Corolla/Matrix
  5. Chevrolet Silverado
  6. Honda Civic
  7. Nissan Altima
  8. Dodge Ram
  9. Honda CR-V
  10. Chevrolet Malibu

Surprisingly, Ford F-Series reclaimed the Top position again! During this period, Ford was facing high F-Series inventory resulting from unexpected drop in their sales from previous months, have geared up additional discount and promotion to ramp up sales. The result for July 2008 clearly showed that Ford has achieved its target amid lower sales. It also indicate that Americans are unfazed by the high gas prices and are not averse to high gas consumption when it comes to choosing their preferred vehicle especially when offered deals that are too good to pass up. The U.S. consumer love affairs with the popular trucks remain strong despite what the statistics says. On top of that, the car segment that have been anticipating higher demand due to high gas price but did not offer much incentive are not seeing any significant changes to their ranking. The result may have dampens demand for such cars instead. As gasoline prices continue to decline from July 2008’s peak, it was not surprising to see that demand for Trucks, continue to rise in tandem albeit lower sales due to the current ongoing credit crunch.

In my own thoughts, the discounts and promotions offered by car dealers for trucks could be large enough an incentive for buyers to offset against the imminent rise of gas. However, with gas prices continuing heading south, and buyers getting the best deals at the dealer, it seems truck buyers have won the bet this time round.

Used Parts for Hyundai Cars in USA

Hyundai is another one of the Asian car-brands that is making its presence felt on the world stage alongside Toyota, Honda and Subaru. Hyundai Kia Automotive Group, the Korean parent company for Hyundai Motor Company now is the fourth largest automaker in the world in terms of number of units sold. Hardly surprising when you consider that Hyundai sells its models in 194 countries across the globe. Whats really surprising is that Hyundai Kia Automotive Group is the largest automaker in the world in terms of profit. Definitely, over the last few years, Hyundai’s rise to prominence has been nothing short of extraordinary.

In USA, Hyundai is now recognized as a major player in the automotive market. With a number of successful car models to its credit, Hyundai symbolizes quality, efficiency, economy, comfort and style in the US car market today. Hyundai has always been a step ahead in terms of use of technology in vehicles and that has been a major reason for their dominance in the recent years. Hyundai usually combines effective designs with top-end features to make their models successful. With Hyundai vehicles, there is always a feeling that the customer gets much more than what paid for, and in most cases, it is the right feeling. The steady increase in sales over the last decade speak immensely about how Hyundai has managed to change the perception of American buyers towards foreign automakers.

Hyundai hosts well-developed, state-of-the-art manufacturing and assembling plants in most parts of the world and in USA their main R&D and design center is located in Irvine, California. In addition to this, the Hyundai America Technical Center located in Michigan was built in 2005 for a staggering 117 million dollars. A further testament to how well Hyundai has been doing in America. The official company headquarters, however, still lies in Seoul, South Korea.

Hyundai vehicles are usually priced economically and in America, they have a great service network. These vehicles also come with service warranties and over years of usage, they are not too hard on the owner’s pocket. There is however, one aspect of Hyundai service that still needs some improvement and thats the availability and price of auto parts. In most cases, it has been observed that ordering a part from the company is time-consuming, tedious and expensive. In such a case, a vehicle in need of a critical part stays grounded in the garage for weeks.

As an alternative to the delays in availability of parts, most buyers opt for used Hyundai parts. These are 100% genuine OEM parts available with ease over the Internet and at almost one-third the price of the new ones. Internet today is flooded with websites selling used auto parts but it is the responsibility of the buyer to analyze the company and the product before buying. What one needs to look out for is, the reputation of the website, the parts on offer and the offers on parts. A combination of everything is the right choice and its a fact that most people are satisfied with their purchase if done through reputed auto parts sellers.

Purchasing used Hyundai parts is indeed an option worth exploring before going back to the company and waiting in queue. What sets the used auto parts industry apart is the ease with which used parts are available and the heavy discounts on offer, plus some added benefits too. Many auto parts sellers provide parts with warranty, money-back guarantee, free shipping and customer support. The buyer gets all this plus the actual part for a fraction of the price he would have paid for a new part. In addition to this, it is worth mentioning that used parts work fine with your vehicle since they are original company made.

So if you are looking for used Hyundai parts, Internet is your best friend.

Salvage Cars Significance in Automobile Industry

The business of salvage cars and the parts of such cars contribute to a major part of automotive/automobile industry in the US economy. It has provided jobs for thousands of people not only in US but elsewhere in the world. There are uncountable companies today which make their livelihood out of this business. In this article we will see the practical aspects of salvage car business, precautions to be taken while buying such cars and factors that affect the resale value of such cars.

The salvage titled car is one which faces damage in many ways like a natural calamity like flood or earthquake and mainly by a road accident. Such cars are usually rated with a very less value or even of no value by the insurance companies in the US. The factors that affect this value are the current value of the same car in the market. If the expenditure to repair the damaged car is more than half of its current price, it will be declared as salvage motor.

Then how do such cars get buyers? And how did this salvage business flourish?

Over the period of a decade these cars managed to get a good number of buyers, so much so that the business expanded its reign into the internet world. Not only the auto auctions are held in different parts of the country but also conducted in many websites. The resale value of such cars is individually decided by the buyers but generally, the buyers get carried away with the value declared by the insurance companies.

The reason for this is the extent of damage done to the car. Even after the car is repaired and is ready for use, it is viewed with high suspicions regarding the healthy working of the engine. The buyers generally used to prefer used cars over salvage title cars. Overcoming these hurdles, the automobile auctions performed considerably well in terms of specific salvage cars like Ford and Chevrolet. Sometimes the auto auctions even conduct exclusive ford salvage car auctions and Chevrolet salvage car auctions.

The buyers mainly look at the brand names of automobiles in such cases.

The online presence of this business is through certain websites which allow viewers to actively participate in online auctions and online sale and purchase of repaired cars, damaged cars and salvage title cars. There are two ways of doing this business; one is to buy them and have them in the junkyard. They are also called as Salvage Yards. Owners preserve them in a junkyard and buyers just choose a car of their wish and purchase it. Or even take a few parts from salvage cars and pay only for the parts. This type of business is usually termed as You-Pull-It-Yard. The other way of doing is to buy such cars, repair and sell them or even auction them. There are many companies and individual owners doing this work in their websites.

There are websites which sell reasonably cheap and good salvage cars online; which are mostly privately owned. There are also the US government websites which give information of different used cars like http://www.bar.ca.gov and http://www.vehiclehistory.gov. These are maintained by the government so you need not worry about the duplicate content issues.

As much as it is advantageous and profitable business, certain precautions should be taken while purchasing these cars from dealers. Be careful of fraud dealers who fake the authenticity of the repaired cars. Some tips to value the rates are: find out the exact value assigned by the insurance company of that car before purchasing it, compare the value of salvage car with that of a new car of the same model. By doing this, one will clearly know the genuineness of the proposed rates. Some dealers also include the repair cost into the resale cost. Exclude any such repair costs when you buy salvage cars or salvage auto parts; make sure you clearly have an idea of the market rates of all automobiles.

Find out about more dealers and junkyard from the store locator provided in various websites including the two sites mentioned above.

Getting Cash for Cars and More Cash for Junk Cars

Before selling, any of your good cars makes sure that the title of the car is available, and then visit a mechanic to check for it any problems and get it cleaned to impress any potential buyers. Remember that you are doing this to get big money for any cars that are still in good working condition. If you are looking to get money for cars you are selling you need only to assure that said the car has a title and you need an assessment value to ensure that you are getting the maximum value for cars you are selling.

The next step is to find a potential buyer in the car market who pays good money for any vehicle that are still good and advertising in print or online is the best way to do it. Seasons have an effect on said market so it’s easy to find people who will pay for cars that are in demand during the said season. Any potential buyers will pay good money for cars that are family sedans for any basic inexpensive during the spring break or summer holidays. It is a slow time to sell cars during fall and winter is hard, but if you do know of someone who is willing to pay cash for cars you’re selling during said seasons let them know that you have what they need.

There is also a market for people who pay cash for the cars that are classified as collector cars like a 1966 Ford Mustang GT and a 1940 Ford Custom. Such cars take some time before being sold because said buyer will want to evaluate the price of the car first. However, with the right buyer expect goodly sum of cash for the cars that you are buyer has taken a fancy.

Now you are thinking of getting cash for the cars that you have around. Let the buyer know what body parts and systems don’t work anymore and you must also let the buyer know which parts are missing. Try getting your junk cars repaired; you can expect a buyer to pay more cash for junk cars that are working and road worthy.

If you are junk cars, seem to be unsalvageable, try checking it again. You might be surprised to know that you can get some cash for derelict cars that have parts that are salvageable and can be sold individually. While it seems to be a good idea to get cash for junk cars that are whole, in some cases it is better to sell each car part individually. To save some money try delivering junk cars yourself instead of getting it towed, salvage yards that have towing services will be billing you for such services and you can also get more money for junk cars that they will not have to drag.