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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

Volt, Leaf win top safety rating in crash test

The 2011 Chevrolet Volt and Nissan Leaf electric cars won the highest safety ratings in crash tests performed by the Insurance Institute for Highway Safety, putting them in the top 57 percent of models tested so far this year. About 80 of 140 vehicles tested among 2011-2012 models have received the Institute's "top safety pick," the group's award for state-of-the-art crash protection that exceeds federal safety rules, Institute spokesman Russ Rader said. The Volt and Leaf received a "good" rating -- the highest of four rankings -- on each of four crash tests, said the Institute, which is funded by auto insurers including State Farm, All-State and Geico.

Domestic brands top latest consumer satisfaction survey

Volkswagen Group and Ford Motor Co. fared well among automakers in an annual study released Monday measuring quality and how deeply consumers feel about a new car or light-truck purchase after several months of ownership. And for the first time in over a decade, domestic automakers, led by GM, topped foreign brands in individual product segments surveyed by Strategic Vision, a California research and consulting firm.