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Providing Quality Used Cars in Brighton and Quinte West, ON

img-1Have you ever wonder what is the most popular model among car thieves?

The most theft-prone vehicle in America most probably is the Dodge Charger. Or perhaps the Ford F-250 pick-up truck.

Those are the contradictory conclusions of the National Highway Traffic Safety Administration (NHTSA); and the insurance industry-funded Highway Loss Data Institute.

Still, the government agency and the private group agree that the most popular model among car thieves of late-model vehicles is on a rapid decline in the United States. One reason: automakers’ increasing use of ignition immobilizers. The ignition immobilizers stop thieves from hot-wiring cars. Nearly 90 percent of 2012 models have them.

In a report released on Monday, NHTSA said the car stolen most oftenly during the 2011 calendar year was the Charger. 4.8 thefts of this model for every 1,000 cars had place in 2011. Then, we find the Mitsubishi Galant, Hyundai [...]

global sales BMWGlobal sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz. This upturn is the result of demands from China and the United States, and they helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.

Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.

Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively. In other words, BMW extends global sales and leads over Audi and Mercedes this year.

“BMW has stronger momentum than [...]

Tesla joins NasdaqTesla joins Nasdaq 100 as Oracle defects to NYSE. —Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week. Like this, it fills the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.

The electric-car maker will join to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15. This is the official statement of Nasdaq OMX Group Inc. On the other hand, Oracle said last month it will join the NYSE, is the biggest company to jump between the competing exchanges.

Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year. Due to the popularity of its new Model S, sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks by investors, it is [...]

Car Inventories RiseToyota and Honda are experiencing inventories rise!

Joseph Spak, A report of RBC Capital Markets reveals this important information.

In his report, he says that the Toyota Camry and the Honda Civic — the top-selling mid-size and compact cars in the U.S.,– face risks of production reduction as inventories of the models rise.

Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June. Similarly, Honda carried about 25 days more Civics than usual.

For this reason, Camry and Civic were the only models on risk for reduced output among 16 of the top-selling vehicles in the U.S. market.

General Motors Co., Ford Motor Co. and Chrysler Group LLC share in the first six months of 2013. This is the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and [...]

Fiat Exercises OptionsFiat exercises options to buy an additional 3.3% of Chryler’s shares.

This move is part of CEO Sergio Marchionne’s step-by-step purchases. His efforts intend to lead full control of Chrysler and the creation of a merged company.

Such a company would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA. VEBA is a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat exercises options aim to full control Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million [...]

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