Auto News for April 25

The head of GM, Dan Akerson, predicts April U.S. sales will increase 3.4 percent, or about the same gain as registered in March. And how did Wall Street react to Ford’s first quarter results announced yesterday? The stock closed at about the same level as it opened.

Interest rates for 60-month and 48-month car loans moved up a bit this week. Bankrate pegs them at 4.12 percent from 4.04 percent.

Luxury auto sales rose 14.6 percent in the first quarter well ahead of the overall market gain, according to a report from Kelly Blue Book. Big gains came in the area of luxury crossovers where the Lexus RX more than doubled sales of the second place finisher, the Cadillac SRX. While Cadillac had the biggest sales gain, Mercedes was still first when measured by market share.

The Census Bureau reports that New York was the first state to require license plates on this date in 1901. I would still like to see a Z06 Corvette with a vanity plate that somehow spells out “Innocent.”

Someone actually keeps track of the brands purchased by those with less than perfect credit. CarFinance.com said the Dodge Avenger tops the list followed by two KIA models, the Forte and the Optima. The Chrysler 200 and the Dodge Journey round out the top five.

It’s not sold here but the Skoda Yeti has been named Britain’s favorite car in a new poll. “There is no such thing as try – just start.”

Yeti

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