News
Buyer Beware: Used car Market Could Get Flooded with Salvaged Vehicles PDF Print Email
Friday, June 24, 2016 08:07 AM

Buyer Beware: Used car Market Could Get Flooded with Salvaged Vehicles

If you are in the auto repair or parts business people do single you out for advice. Sometimes your loyal customers value your professional opinion so highly, they may bring vehicles to you for evaluation. Other times you might just want to help someone even a stranger make a terrible car or truck buying decision. Keep the following tips from VehicleHistory.com.

Extreme weather this spring has left tens of thousands of vehicles scrapped due to flood damage. In Houston, as many as 40,000 vehicles were reported lost due to flood damage. In early June 11 counties in Texas were declared a disaster area due to flooding. Similar flooding has spanned the country from Virginia to Washington.

Meanwhile, the used car market, which could see as many as a record-breaking 40 million cars sold this year, more than double the new car segment, continues to grow.

"The combination of a growing used car market and the potential of a surge in salvaged vehicles in the hands of unscrupulous sellers could leave consumers ripped off," said Scott Burgess, analyst at VehicleHistory.com. "It's essential that every consumer know their car's history before they buy it, not after."

Vehicles get scrapped for a number of reasons ranging from an accident to vandalism. Most states consider salvaged vehicles roadworthy after it passes a safety inspection and issues a Salvage Rebuilt title. They come with a low price tag compared to similar vehicles. While they can potentially be an inexpensive purchase, many have become notorious for continual problems.

"Flood damaged cars may not show exterior signs of damage but they often come with a plague of problems ranging from electrical issues to parts seizing under stress," Burgess said. "Because consumers can now search the globe for the perfect vehicle, they run a greater risk of being lured into a deal that could devastate them and their family."

VehicleHistory.com offers a free service to examine a car's history and see if a car has ever been issued a salvage title.

Spotting Flood Damage

  • Look for rust in odd places; under the floor mats or in the trunk.
  • If a price for one vehicle is extremely low, ask why?
  • Look for a mildew smell in the interior, under the carpet.
  • Use VehicleHistory.com's free service to check if the vehicle has been salvaged.
  • If buying a salvaged vehicle, have it thoroughly inspected before buying it.

VehicleHistory.com is a data driven website dedicated to helping consumers with free information in the used car market.

 
ATA Truck Tonnage Index Increased 2.7% in May PDF Print Email
Friday, June 24, 2016 07:55 AM

ATA Truck Tonnage Index Increased 2.7% in May 

ARLINGTON, VA –  American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.7% in May, following a revised 1.7% drop during April. In May, the index equaled 139 (2000=100), up from 135.3 in April. The all-time high was 144 in February. 

"Following two consecutive decreases totaling 6 percent, May was a nice increase in truck tonnage," said ATA Chief Economist Bob Costello. "Better consumer spending in April and May certainly helped, but economic growth remains mixed and I'd expect the recent choppy pattern in tonnage to continue for the next quarter or two.

"We recently received good news on the inventory cycle, with the total business inventory-to-sales ratio declining for the first time in nearly a year. While one month doesn't make a trend, this was good news for the trucking industry," he said.

Trucking serves as a barometer of the U.S. economy, representing 68.8% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled just under 10 billion tons of freight in 2014. Motor carriers collected $700.4 billion, or 80.3% of total revenue earned by all transport modes.

For more information visit trucking.org.

 
Carter Fuel Systems Introduces 13 New Part Numbers PDF Print Email
Friday, June 10, 2016 02:25 PM

Carter Fuel Systems Introduces 13 New Part Numbers

LOGANSPORT, IN – Carter Fuel Systems, a U.S.-based manufacturer of complete fuel system solutions, has announced the introduction of 13 new part numbers covering a series of model year applications ranging from 2001-14.

Extending coverage to reach 2.7 million additional passenger vehicles, the new part numbers include eight fuel pump module assemblies, three fuel tank sender assemblies, one fuel pump reservoir and one gasoline direct injection (GDI) mechanical fuel pump.

The new part numbers fit popular models such as the Chevrolet Equinox, GMC Terrain, Buick LaCrosse, Mazda CX-5, Chevrolet Silverado, GMC Sierra and Chevrolet Malibu.

Covering a variety of applications including domestic, import, diesel, marine and performance, Carter Fuel Systems has been supplying automotive aftermarket fuel systems for more than 100 years. Carter manufactures a broad line of fuel pumps and accessories, including first and second generation mechanical fuel pumps, electric fuel pumps and pump kits, module assemblies, original equipment (OE) replacement parts and supporting equipment.

For more information, visit carterfuelsystems.com.

 
Gates Corporation Releases 255 New Automotive Aftermarket Parts PDF Print Email
Friday, June 10, 2016 02:19 PM

Gates Corporation Releases 255 New Automotive Aftermarket Parts

DENVER, COGates Corporation, a global diversified manufacturer of industrial, automotive, and heavy-duty aftermarket products, announced the addition of 255 new part numbers to its Original Equipment (OE) quality automotive products line.

The product release includes six new heavy-duty water pumps for popular truck applications.  The pumps are built using upgraded seals and bearings to handle heavy diesel loads, while precise face machining ensures a correct fit. 

Gates adds a new size of Fiber Braid Lock-On Hose (5LOC) which is now available in 300 ft. bulk reel and 50 ft. packaging.  This fiber braid reinforced hose is ideal for petroleum-based hydraulic oils, glycol antifreeze compounds, water, engine lubricating oils and air.  It has an oil and mildew resistant cover, a 300-psi working pressure and meets specific performance requirements for fuel and B20 biodiesel fuel transfer applications up to 125 degrees Fahrenheit.

The product release includes a new line of Variable Valve Timing Solenoids that effectively restore the variable valve timing to proper operation and performance.  The OE quality parts provide exact fit, easy installation and a practical solution to the failed operation of a VVT Solenoid, which prevents oil flow and pressure to an engine’s cam phaser.

Gates expands its RPM (Race, Performance, Muscle) line with 22 new RPM Micro-V® belts for many popular supercharged applications as well as a new timing belt for the 1993-1994 Nissan Maxima equipped with the 3.0L engine.  Gates RPM Micro-V belts utilize multiple adhesion gum layers and nylon reinforcement in a patented EPDM compound, resisting heat and extending service life. The RPM timing belts use superior materials such as high-strength tensile cords, aramid reinforced rubber compound and tough tooth fabric. They have shown to be stronger, last longer and less susceptible to damage from heat and contamination compared to the original equipment and competitive timing belts.

For more detailed information about new and existing Gates automotive aftermarket products, visit Gates.com/automotive

 

 
Cautionary Flags for USA Trucking Aftermarket PDF Print Email
Friday, June 10, 2016 01:42 PM

Cautionary Flags for USA Trucking Aftermarket
New Truck Sales Down, Tonnage Down, Used Truck Prices Down

Although some indicators are trending towards good news for truck service and parts, a key ATA (American Trucking Association) indicator for health of the over-the-road truck aftermarket is sending signal for caution. 

In its May 24 release the American Trucking Associations’ seasonally adjusted (SA) For-Hire Truck Tonnage decreased 2.1% from April, following a 4.4% drop During March. In April, the index equaled 134.8, down from 137.6 in March. The all-time high was 144 in February. 

“After having an abnormally large seasonally adjusted gain in February, tonnage fell in April, in addition to the large drop in March, “said ATA Chief Economist Bob Costello. “There is still an inventory correction transpiring throughout the supply chain that will keep a lid on truck freight volumes in the near term. As a result, we are likely still to experience lackluster tonnage numbers in the next few months.” 

ATA estimates the number of Class 8 trucks used for business purposes, excluding government and farm, around 2.4 million.

Diesel Progress Magazine reported that Class 8 truck production is expected to drop to 75% of the 320,000 build in 2015 which was considered strong. It says that the 25% drop is in response to declining freight demand and freight rates along with “the highest used truck inventory in 15 years.”

According to NADA Used Car Guide commercial truck analyst, Chris Visser, "As in the auction and wholesale lanes, depreciation in the retail channel moderated going into the second quarter. Three to five-year old sleeper tractors lost about 3 percent of their value from February to March, and we estimate another similar loss from March to April."

Visser went on to say, "High-volume 2011 to 2013 model year trucks lost approximately 5 percent of their value from February to March. We also predict a similar drop from March to April. Retail pricing continues to decrease, and perhaps as a result, buyers are entering the market in incrementally greater numbers."

Falling used truck prices may bring some buyers into the market. However, in recent down turns in shipping, NARSA members reported that their customers were parking tractors rather than replacing them. The ATA says that 67% of U.S. freight by weight moves by truck.

 

 
<< first < Prev 11 12 13 14 Next > last >>

Page 12 of 14