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December 2, 2008 9:56:42 PM CST

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6 Stories

Missing Airbags Threaten Drivers of Used Cars

Some dealers ditch safety for cash in 'life-and-death scam'

NPR NPR Oct 13, 08 1:37 PM CDT
(Newser) - Used-car buyers, beware: Missing or ruined air bags are posing a threat to unsuspecting drivers’ lives, an NPR investigation finds. Some dealerships put greed over safety and sell cars that have been in accidents without replacing the protective pouches. Instead, they may stick faulty air bags back in the car, or jam paper or beer cans in the empty compartment. More »

More about:  car safety • auto insurance • used cars

 SUV Apocalypse Nears

Sales fall off as Americans opt for leaner, greener cars

Daily Green Aug 17, 08 10:04 AM CDT
(Newser) - America’s obsession with super-size cars seems to be running out of gas. The Daily Green reports on the seven signs of the SUV apocalypse: The numbers: Sales of small cars were up 11% in the first half of the year, while SUV and truck sales were down by 14% and 23%, respectively. The demand: The unofficial waiting list for GM’s new electric offering, the Chevy Volt, is 33,000-strong. More »

More about:  gas prices • electric cars • SUV • used cars • gas consumption • Jeep Grand Cherokee

GM, Ford Join Chrysler in Retreat From Leasing

As resale values plummet and credit tightens, automakers leave market

Wall Street Journal Wall Street Journal Jul 30, 08 8:00 AM CDT
(Newser) - Ford and GM are joining Chrysler in moving away from auto leasing, the Wall Street Journal reports, signalling the end of an era in which leases allowed many Americans to drive more expensive cars than they could afford to buy. The move is prompted by falling prices for used SUVs and trucks, which has led to steep losses for the automakers when they resell the vehicles at the end of the lease period. More »

More about:  auto industry • auto sales • US automakers • used cars • lease

 Sinking SUV Values Slap Drivers 

Resale values plummet as gas price goes up

Washington Post Washington Post Jul 2, 08 10:19 AM CDT
(Newser) - The end of America's love affair with the SUV is turning into an expensive divorce, the Washington Post reports. Drivers wanting to get rid of the gas-guzzlers as pump prices hit $4 a gallon are losing a lot of money on the sales—if they can even find buyers. Some SUV owners find themselves owing the bank more than their vehicle is worth. More »

More about:  auto sales • SUV • SUVs • used cars • vehicles

SUV Credit Crunch
Rolls Over Ford

Sinking value of big vehicles crashes auto firm's credit wing

Wall Street Journal Wall Street Journal May 30, 08 10:18 AM CDT
(Newser) - Ford's plans to get back in the black are being forced off the road by woes at its lending arm, the Wall Street Journal reports. The auto giant made a lot of cut-rate loans on trucks and SUVs in recent  years and has been unable to recoup losses on bad loans through repossessions because of the plummeting resale value of bigger vehicles. More »

More about:  Ford • SUV • credit • trucks • used cars • repossessions

Mexico Bans All Car Imports— Except '98s

New law allows only 10-year-old jalopies across the border

Associated Press Associated Press Mar 3, 08 9:00 AM CST
(Newser) - For used-car shoppers in Mexico, 1998 is about to become a very popular year. Starting today, only 10-year-old cars—nothing newer, nothing older—can be imported in Mexico, a move designed to curtail the flood of “vehiculos chatarra,” or jalopies, clogging the streets. Before the change, imports needed to be 10-15 years old, to lessen competition with Mexican car dealers. More »

More about:  Texas • Mexico • car • trade • imports • Mexican border • car dealers • used cars

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