Tag Archives: Edmunds

How Will May Auto Sales Stack Up?

Every month seems to have the obligatory article about how well the auto industry is doing. There have been months of happy reporting about sales increases here and demands increasing there. It is a success story that is an easy topic. The question has always been, though, at the back of my mind how long that luck will hold out. I’ve wondered what the industry was doing to make sure that this increase in sales is the new standard and not just a moment in time. May could be the month that puts all of this progress to the test.

Auto Finance News posted an interesting read that posed that very question. The month of May was a bad month for the economy. The jobs reports that come out were dismal with only 69,000 jobs added, making it the weakest monthly growth in a year. It was bad enough that the report raised the unemployment rate up to 8.2 percent from 8.1 percent, but additionally, the confidence of the US consumer fell from 68.7 percent in April to 64.9 percent in May.

The question remains if this is going to have an impact on the upward swing of the auto industry. May is a notorious month for strong sales, so this might just be pessimistic thinking. I like to think that the industry is doing a good job of riding the wave, especially with many of them such as Chrysler making sure to keep people engage by bringing out new products like the Dodge Dart. Edmunds also made the prediction that car sales in the month of May would increase by 30 percent due in part to light vehicles continuing to sell well. Only time will tell if the rough economic reporting this last month is going to make a dent in the comeback story of the auto industry.

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The Top Names in Auto Reviews, All in One Place

After years of searching Edmunds, Consumer Reports, and MSN Autos for the best cars on the market, consumers can now get the most relevant vehicle reviews all in one place.

TotalCarScore.com is being dubbed the Rotten Tomatoes of car sites, and the similarities are striking. When searching for a car on Total Car Score, readers will get the TCS review plus an average score based on reviews from some of the top review sites. Unlike Rotten Tomatoes, though, TCS users can customize the sources that TCS is using to calculate the score, so if they didn’t agree with MSN Autos’ review, they can view the average score without MSN Autos.

After browsing the site, I think that car shoppers are really going to love the features that TotalCarScore offers. Aside from reviews, there are links to the manufacturer, online forums for owners, the owner manuals, and comparison tests. We love it because Approved Loan Store has access to a wide inventory of cars, and no matter what make or model, we can find it. Once our Approved Loan Store customers have set up an appointment with their Special Finance Representative, they can go to TotalCarScore.com and figure out which makes and models could be right for them. That way, they can come into their appointment prepared, and they can get into a great car quicker!

Are you ready for Approved Loan Store to get you approved? Fill out our secure online auto loan application here, and keep up with the latest auto news by liking Approved Loan Store on Facebook and following Approved Loan Store on Twitter.

Image: graur razvan ionut / FreeDigitalPhotos.net

Auto Loan Education: Best Fuel Efficiency Cars

Anyone who has ever owned a car knows that the true cost of a car goes beyond what is paid at the dealership. Maintaining a car and keeping it in top shape is important to avoid more expensive repairs, but one of the biggest day-to-day costs of a car is, of course, paying for gas. By getting a car that is more fuel efficient, however, drivers can save big bucks over the course of a year at the gas pump. We have compiled some of the most fuel-efficient cars according to FuelEconomy.gov, the United States government’s official online source for fuel economy information, alternative fuels, and ways to save money on the road.

2012 Honda CR-Z
Price: Starting at $19,545
Approximate Fuel Cost/Year: $1365
Miles/Gallon: 35 for city driving, 39 for highway
Reviews: Motor Trend praised the Honda CR-Z for its “bold looks, high quality, and genuine driver appeal” and emphasized that this is more than just a good hybrid car. The Honda CR-Z is a great car, period.

If you’d like to get into a pre-owned Honda CR-Z, fill out this application today.

2012 Scion iQ
Price: Starting at $15,265
Approximate Fuel Cost/Year: $1365
Miles/Gallon: 36 for city driving, 37 for highway
Reviews: Motor Trend gave the Scion iQ a glowing review after driving it around San Francisco. Its small but surprisingly not cramped layout makes it the perfect car for city driving.

If you’d like to get into a pre-owned Scion iQ, fill out this application today.

2012 Mitsubishi i-MiEV
Price: Starting at $21,625
Approximate Fuel Cost/Year: $540
kw-hrs/100 miles (for electric cars): 27 for city driving, 34 for highway
Reviews: The Mitsubishi i-MiEV did not do so well with Motor Trend as far as lengthy drives, but they called it a good investment for city commuter drivers who are looking for an environmentally-friendly car.

If you’d like to get into a pre-owned Mitsubishi i-MiEV, fill out this application today.

2012 Chevrolet Volt
Price: Starting at $33,500
Approximate Fuel Cost/Year: $1470 for gas, $648 for electricity
Miles/Gallon: 35 for city driving, 40 for highway
kw-hrs/100 miles: 36 for city driving, 37 for highway
Reviews: The folks over at Motor Trend couldn’t praise the 2011 Chevy Volt highly enough, calling it “one of the most significant automobiles to come out of Detroit in the 60-year history of [Motor Trend.]” While their “First Test” review was not available as of this article’s publication, we expect that Motor Trend will continue their love for 2011’s Car of the Year.

If you’d like to get into a pre-owned Chevy Volt, fill out this application today.

2012 Nissan Leaf
Price: Starting at $27,700
Approximate Fuel Cost/Year: $612
kw-hrs/100 miles: 32 for city driving, 37 for highway
Reviews: Motor Trend did not have their review for the 2012 Nissan Leaf yet, but The Car Connection called it a “quiet, smooth” ride and loved the car’s unique design. They also appreciated that it was an electric car with 5 seats instead of the usual 4 seats standard to most electric cars.

If you’d like to get into a pre-owned Nissan Leaf, fill out this application today.

2012 Hyundai Sonata
Price: Starting at $20,000
Approximate Fuel Cost/Year: $1805
Miles/Gallon: 24 for city driving, 35 for highway
Reviews: According to Motor Trend’s review, the Sonata’s design is not only distinctive and visually attractive but also makes sense aerodynamically. Tests showed that the 2012 design lessened the drag over the 2011 model, showing that Hyundai is constantly striving to make their cars better.

If you’d like to get into a pre-owned Hyundai Sonata, fill out this application today.

2012 Audi A3
Price: Starting at $27,270
Approximate Fuel Cost/Year: $1768
Miles/Gallon: 30 for city driving, 42 for highway
Reviews: Motor Trend hasn’t reviewed the 2012 Audi A3 yet, but U.S. News ranked it as one of their top 11 Upscale Small Cars, calling it practical but fun. Their review said it was the car “able to do it all” from winter driving to back road races.

If you’d like to get into a pre-owned Audi A3, fill out this application today.

2012 Volkswagen Jetta SportWagen
Price: Starting at $16,495
Approximate Fuel Cost/Year: $1768
Miles/Gallon: 30 for city driving, 42 for highway
Reviews: No review from Motor Trend yet, but Edmunds claims that the Volkswagen Jetta SportWagen is “in a class of its own,” praising everything from its luxurious interior to its fuel efficiency.

If you’d like to get into a pre-owned Volkswagen Jetta SportWagen, fill out this application today.

2012 Toyota Prius V
Price: Starting at $23,520
Approximate Fuel Cost/Year: $1203
Miles/Gallon: 44 for city driving, 40 for highway
Reviews: The Toyota Prius V was a contender for Motor Trend’s Car of the Year award, and even though the fuel efficiency was not as strong as the 2011 model, the 2012 model has more interior space. They said with the added space, it was a good choice for people who wanted something like an SUV but didn’t want an SUV.

If you’d like to get into a pre-owned Toyota Prius V, fill out this application today.

2012 Kia Forte
Price: Starting at $16,200
Approximate Fuel Cost/Year: $1946
Miles/Gallon: 23 for city driving, 32 for highway
Reviews: U.S. News ranked the 2012 Kia Forte in their top 10 Affordable Small Cars, and amongst reviewers, the consensus is that there is a lot to love about the Kia Forte. Besides that, it is the best deal for the dollar when compared to similar cars in its class with a roomy interior and more standard features including iPod USB port, Bluetooth, and satellite radio.

If you’d like to get into a pre-owned Kia Forte, fill out this application today.

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