I was reading an auto repair column in the Boston Herald and was surprised when someone wrote in about electrical problems with his Volvo. In explaining the problem, the writer said he never wears a seat belt. The column’s author said that in this day and age if he didn’t wear this life saving device, there was nothing he could do for him regarding the electrical problem. I agree and am amazed there are still people out there that do not buckle up.
Of course the other day I received an inquiry as to why automakers stopped offering ashtrays.
Would you like to be GM CEO Mary Barra going before a congressional committee tomorrow about GM’s handling of the ignition switch failures? Lawmakers will want to know why the automaker didn’t act more quickly to address the problem when it first became aware of them in 2001. She will have, to use that classic old TV show line, “a lot of ‘splaining to do.”
The automaker has announced it will replace the ignition switch in all model years of its Chevy Cobalt, HHR, Pontiac G5, Solstice and Saturn Ion and Sky in the U.S. “since faulty switches may have been used to repair the vehicles.”
Wall Street will take a close look at March auto sales figures that will be revealed tomorrow.
Bloomberg News is reporting that Toyota will display a refreshed Camry at the New York Auto Show next month. The company is hinting that this might be a more substantial change that the typical “refreshing.” The best-selling auto in the nation for the past 12 years, the Camry does battle against the Fusion, Accord, and Altima.
Experian Automotive said a record number of consumers decided to lease their new car last quarter rather than buy it. Leases made up 28.4% of all new vehicle financing. Why? The monthly payment was less, but as Experian points out that saving could be lost at the end of the lease agreement if the consumer exceeded the mileage limit.