July 1, 2008
DETROIT – General Motors will offer 18 flexible fuel vehicles (FFVs) in model-year 2009.
Tags: 2009-MY, Flex fuel, General Motors
February 29, 2008
BROOKINGS, SD – VeraSun Energy Corp. has opened 20 VE85 fueling locations at existing E-85 Kroger convenience stores in Texas.
Tags: Flex fuel, VE85, VeraSun
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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In This Issue: Election 2008: What’s at Stake for Auto Finance?, Subprime: Are You In or Out?, Experian Reports Second-Quarter Trends and much more…