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Automotive and Insurance Industry News

 

Buyer's Remorse Plagues Car Purchasers

 RICHMOND, Va., Feb. 16 / -- Car purchasers are an unhappy lot. A recent poll of almost 49,000 car shoppers conducted by CarMax, Inc. shows that 78 percent of car purchasers have wished they could return a car within the first few days of buying it.  Only 22 percent of respondents had never experienced buyer's remorse. 

An easy way to prevent buyer's remorse is to check the seller's policy on returns or exchanges before purchase, much like you would if you were buying merchandise from a big retailer. It pays to be fully informed before signing a purchase contract. 

 

AAA Minnesota/Iowa Supports Stricter Drivers Licensing for Young Drivers 

BURNSVILLE, Minn., Feb. 16/ -- The NHTSA says motor vehicle crashes are the leading cause of death for American teenagers. Sixty-five percent of teen passenger deaths occur when another teenager is driving.  

Minnesota has activated a Graduated Drivers License (GDL) system, adding a provisional license stage for young drivers, with a three phase system instruction permit to provisional license to full license. There also are several conditions that must be met before a driver can receive their license, including testing, behind-the-wheel instruction and parent/guardian consent. 

 

New Research Reveals Profiles of Vehicle Shoppers 

IRVINE, Calif., Feb. 17/ -- AutoVIBES, a monthly automotive study from Harris Interactive(R) and Kelley Blue Book that tracks new vehicle nameplates, now provides customized shopper profiles for vehicle and vehicle segments before the first vehicle is ever sold. 

AutoVIBES tracks car shoppers' awareness, attribute ratings, favorability and buying intentions of new vehicle nameplates before they hit the marketplace.  Detailed demographic information is collected as part of the study allowing Harris Interactive and Kelley Blue Book to identify profiles of shoppers of each new vehicle.  Additionally, data can be compiled and trended beginning several months before a vehicle is sold. 

 

Delphi to Provide Electrical Support For Ford's Full-Size Luxury Cars 

WARREN, Ohio, Feb. 17/ -- Beginning in 2004, will provide the complete electrical distribution system for Ford Motor Company's full-size luxury cars - the Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Car. The company will be playing a major role in supporting the automaker's continued efforts to refine what are already industry hallmarks of luxury and comfort. 

Delphi has been included to help bring comprehensive electrical architecture solutions and expertise to Ford, on a passenger car platform that's been a mainstay in its vehicle lineup for years, and one that gives the manufacturer a distinct advantage in a unique vehicle segment.

 

 


 

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