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Most savvy car buyers are aware that as soon as a new car gets driven off a dealer’s lot it immediately takes a dip in value. However, not all vehicles depreciate at the same pace over time. Wouldn’t it be great to know which new cars were likely to be worth the most when it’s time to sell? Automotive Lease Guide has been forecasting automotive residual values for more than 50 years, and is considered an industry benchmark for this calculation. For the past 13 years, ALG has been giving Residual Value Awards to vehicles and brands likely to retain the most value after three years of ownership. Let’s take a look at the winners for 2014. Continue reading
Heading to the auto dealership to buy a new car is a daunting prospect. For many of us, it represents the second most expensive purchase we’ll make in our lives, behind buying a home. With so much money on the line, buyers should be armed with as much information as possible. We spoke to buyer advocate Jerry Robbin to learn his top 15 tips for the best deal on a car. For a fee, Robbin will negotiate with a dealer for you, so he has plenty of experience with this process. Heed his advice and you could save thousands on your next new car purchase. Continue reading
More than 100 million Americans drive to work every day, and millions more are using their cars to accomplish everyday tasks. For most, daily driving is a dreaded activity filled with honking horns, wasted time, traffic and big gas bills every month. To lessen the blow, we’ve compiled a list of some of the greatest daily-driver options now available, from cars with awesome infotainment systems to hybrids that offer relief at the pump. Click through these 2013 models and prepare to rack up those inevitable daily miles with a smile on your face. Continue reading
From music to travel to telecommunications, technology has transformed entire industries and disrupted traditional ways of doing business. Just ask record labels, travel agents and home telephone service providers. And now it’s the car’s turn.
Tech turning points
Whether it was 4G connectivity and “big data” coming to vehicles or large tech companies making a stake in the connected car space and the move toward autonomous driving, 2013 saw several significant turning points that prove that technology will change driving as we know it. Here’s my take on the top five car tech trends we saw this year.
Connectivity. You can’t have a connected car without connectivity. And with the smartphone and tablet market reaching a saturation point, wireless carriers have set their sights on the car as the next mobile device — and hence a new market for data plans — as drivers increasingly want to stay connected. 2013 kicked off with GM and AT&T announcing a partnership to bring 4G connectivity to cars in 2014, and wrapped up with Audi doing the same at the Los Angeles Auto Show with an unnamed carrier partner.
Autonomous cars. While it’s been three years since Google revealed in late 2010 that it had logged almost 150,000 miles testing its original self-driving Toyota Prius, in 2013 most mainstream automakers revealed their autonomous vehicle ambitions. More than a half dozen major car companies as well as electric vehicle startup Tesla announced automated driving technology, introduced a self-driving research vehicle or both. And Nissan said it will have several self-driving vehicles on the market by 2020.
Over-the-air software updates. Because of the disparate differences in product lead times between the technology and auto industries — 12 to 18 months versus three to four years — cars are always behind the times tech-wise. While manual software updates have been used for several years with systems like Ford Sync, over-the-air updates that occur automatically make it easier for car owners and car companies to keep in-dash electronics current. An example of this is when Audi rolled out a new feature via an OTA update that allows a driver to find, reserve and even pay for a parking spot in advance. Tesla did it too when it added an update to deal with fires issues for the Model S.
Ford is recalling 7,153 Lincoln MKZ sedans for faulty transmission sensors that can lock the vehicle in park, according to filings with the National Highway Traffic Safety Administration.
The 2013 and 2014 MKZ Hybrid has a transmission sensor that may read the gear selection incorrectly as neutral when it is really in park and let the driver engage the drive position without stepping on the brake. However, the software will recognize the fault and shift the transmission back into park and apply the handbrake. A warning light will illuminate along with the message “Shift system fault, Service required.”
Nissan NV200
Ford said it received warranty claims and several vehicles with this condition over the past few months. The MKZ is all-new for 2013 and was initially delayed for several months after quality problems at the factory. There have been no related injuries or rollaways due to the problem, Ford said. Only Hybrid models are affected.
Owners should have already received notification to take their cars to a Lincoln dealer, which will update the transmission software.
In November, Ford recalled 139,917 Escape SUVs in the U.S. to fix engine problems that could result in fires under the hood. The automaker was also fined $17.35 million by the NHTSA in August for delaying a recall on older Escape models.
Volvo received five owner reports in the U.S. from February through November citing engine noise and little or no oil in the engine. Volvo said the oil sensors that would normally flash an alert on the instrument panel were not activated and therefore the drivers did not know their engines were low on oil. In at least two of the cases, Volvo mechanics forgot to refill the engine with oil after a service. In all cases, the engine was replaced due to excessive damage. Only 5-cylinder engines are affected, Volvo said.