It’s easy enough to judge a vehicle a flop simply by looking at sales results for any given year. That said, some of the worst-selling cars of all time occasionally strike it big as collector cars decades later. Classic car insurer Hagerty has compiled a list of cars that flopped, but have cult-like status today, in “Yesterday’s Misfires, Today’s Collector’s Cars.” Among the sales losers that have been vindicated over time: Edsel: A textbook example of a marketing flop, but the 118,000 cars built between 1958 and 1960 have become beloved by collectors. Interestingly, Ford needed to sell twice that number to break even on its $400 million investment (roughly $3 billion today). Amphicar: Amphibious vehicles helped win World War II, but post-war consumers weren’t exactly waiting with bated breath for a car/boat they could park in their garage or dock at the marina. Still, a German firm thought it could sell 20,000 examples a year. It built 3878 … [Read more...] about Lemons to Lemonade: Auto Flops Occasionally Turn Into Collectible Cars
Cheap auto car insurance
These days, we’re almost always looking for a bargain – cheaper gas, buy-one-get-one-free sales, extreme couponing, etc. And even though getting something for less may not make it better, it certainly makes it more satisfying. But what about when considering what auto insurance to get? Will the cheaper option still be more satisfying? While there are definitely ways to save on your auto insurance, cheaper coverage isn’t necessarily better coverage. In fact, it rarely is. That’s because, when it comes to auto insurance, you really do tend to get what you pay for, and choosing the cheap option can be incredibly detrimental when it really counts. Here are three reasons why: 1. Because cheap coverage often means less protection. 2. Because high deductibles mean more expenses. 3. Because lower limits mean higher liability. These are a few reasons why paying a little more for auto insurance can pay dividends when it actually comes time to make a claim. But that … [Read more...] about When it comes to cheap auto insurance, do you get what you pay for?
It is the right, nay, the privilege of the older generation to disparage those who follow. Admit it. If you are older than 45, you’ve probably called out Gen Y millennials as pampered, couch-surfing, narcissistic Trustifarians. Hey, it happens. Gen X was considered too snarky and cynical and didn’t respect the gravitas of the world we live in. Parents of boomers looked askance at these dirty hippies turned greedy Yuppies. And so forth. It is this sort of thinking that has colored the conversation about the future of the car industry. You can’t avoid the screeds about how millennials would rather have an iPhone than a car or how they’re just fine having Uber or light rail fulfill their transportation needs instead of driving themselves. They’re just indifferent about cars, right? There’s an element of truth there. Many millennials have had to delay acquiring new cars for major financial reasons: They came of car-buying age in the midst of the Great … [Read more...] about Will Millennials Save the Car Business? – Reference Mark
You really have to feel pity for “the other guy.” He’s the one you always hear about, and bad luck seems to be his constant companion. Maybe his car was stolen, wrecked in a crash, or burnt to a cinder in a fire. May 5, 2007, was the day I became the other guy. I had just taken my ’68 Camaro out of the shop, and was finishing the last details. Two weeks on the road and 500 miles on the odometer was all I got to enjoy before an inattentive driver crushed my car, along with my hopes of a summer filled with cruising. I was just happy the guy had insurance, and that I wasn’t on a gurney. I was simply in the wrong place at the wrong time, and it can happen to anyone. In a way, I lucked out. I was zero percent at fault, and the other guy had a good policy through State Farm. My car was also freshly done and heavily documented. The rough estimate to fix the carnage was $35,000, and State Farm offered $21,000 to fix it, to which I chuckled. Insurance companies … [Read more...] about Car Insurance Tips – Worst-Case Scenario
We see it all the time: beautiful, ultra-rare American classic or race car stolen in broad-daylight never to be recovered again – or at least not in one piece. All-in-all, automotive enthusiasts can sometimes be way too trusting with each other, because let’s be honest – most, if not all, car thieves are enthusiasts themselves looking to make money. They know their stuff and they know what’s valuable and in demand. Common sense tells us that if the vehicle has working door locks, keep them locked at all times. If you have a garage, store your beast inside when it’s not in use. And of course, NEVER leave your keys in your ignition when the car is unattended! But what happens when that’s not enough? Thieves can be, for lack of a better term, sneaky, so it’s important to seriously consider what or who you will trust to keep your baby safe. We’ve gone ahead and done the research to provide you with our top 5 protection devices for your … [Read more...] about Top Five Security Devices for Classic Cars
Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 29 October 2010 Spyker has announced third-quarter losses have increased since its takeover of Saab. Spyker lost £35 million in 2010, compared to £3.6 million last year (BBC News)• GM will repay $2.1 billion of the Obama government's preferred stocks. This will bring total repaid debt to $9.5 billion (Automotive News)• Despite the strengthening yen. Honda doubled second-quarter profits. It sold 898,000 vehicles in the quarter, a 7.2% increase on 2009 (Automotive News)• Hyundai posted better than expected third-quarter results. Net profit was up 38%, and it hopes to increase US market share by launching new models in the US; it currently has a 5.5% share of the American new car market (Wall Street Journal)Thurday 28 October 2010• Nissan has recalled … [Read more...] about News watch October 2010: today’s auto industry news
It’s been a while since our last update on TTAC’s intercontinental project car: a UK-spec 1983 Ford Sierra Ghia finished in Rio Brown. Since then the Sierra’s gifted creator passed away and more positively, Ford wisely ditched its Titanium trim level for a famous name befitting a premium offering with brown paint…even if it isn’t Ghia.Jealous much of TTAC’s sweet ride, FoMoCo? We ended our last story with the Sierra’s hood cable unable to release the “bonnet”. Which was fixed one year ago this week: reaching between the front fascia and the radiator to grab the release lever and pop it free. From there, two zip ties eliminated the slack in the cable and it’s been fine ever since. A surprisingly easy fix!Any hope of getting Citizen Sierra nice and legal started with its horrible exhaust leak, probably stemming from the Nürburgring workout given by Capt. Mike at said famous race track.I grabbed a … [Read more...] about TTAC Project Car: Citizen Sierra
It’s just the title of a recent Charlie Hunter album, but it says a lot about life in post-2008 America: Not Getting Behind Is The New Getting Ahead.Here’s one example: According to Business Insider, the average middle-class family can no longer afford the average new car. Is that true? And if it is true, how and why did that happen, and what can be done to fix this sad state of affairs?The first thing we have to do is figure out what the average new car costs: USA Today says that it is north of $33,500. But that’s not really the median price, and it’s wildly distorted by the so-called one percent and its indiscriminate purchases from the top shelf of the luxury-car offerings.A new Camry LE is $23,905. That’s as close as we can come to the traditional American automobile nowadays. The Highlander LE is $29,990, and that’s as close as we can come to the traditional American family wagon today. Let’s split the difference between them and call it … [Read more...] about No Fixed Abode: Who Can Afford a New Car, Anyway?
Salvage and rebuilt vehicle listings on Craigslist (and other classified sites) are ubiquitous. They often manifest themselves as late-model metal with low prices and even lower standards of ad copy.But have you ever wondered how those vehicles end up on Craigslist in the first place? What happens to a salvage or rebuilt vehicle between the time it’s sold at auction and its first appearance on your local classified site? Before the auctionThe perception of a rebuilt salvage car leads many to believe that an unscrupulous someone found a wrecked car, sprayed it with a fresh coat of paint of dubious quality, then listed it on Craigslist. The reality, however, is very different — at least for sellers who are reputable.After a vehicle is involved in a collision, an insurance company assesses the damage and decides whether or not the vehicle can be repaired within certain financial constraints. If that insurance company deems the … [Read more...] about From Auction to Flip, This Is How a Salvage Car Makes It to Craigslist
If I’ve seen it once in the comments on this site, I’ve seen it a hundred times.Never once in the history of the Internet has anyone, anywhere admitted that they paid more than invoice for a new car.Everybody gets the best deal possible. We all “stick it to the man.” However, despite the well-known and understood tendencies of most people to lie on forums, in comments, or even when writing about their own business practices on the Internet, this might be one of the few times when the braggadocio matches reality.The truth is that virtually everyone gets a “good deal” on a new car.The invoice price now seems to be the starting place of negotiations on commonplace cars. And yet, franchise owners all across these great United States (and Canada, I presume) are raking the money in, hand over fist.Many of the questions you’ve all been so kind to send into the Ask Bark mailbox lately have been regarding crazy leases, manufacturer … [Read more...] about Bark’s Bites: How Do New Car Dealers Make Money?