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Car Buying Archives - Page 79 of 98 - Omaha Auto Deals

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10 Oct 2014

Refreshed 2015 Subaru Impreza priced from $18,195*

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2015 Subaru Impreza

It was just a few weeks ago that Subaru unveiled its refreshed 2015 Impreza with refinements like a tweaked front fascia, upgraded infotainment system, standard rearview camera, slightly better fuel economy and other goodies. The Japanese automaker has finally decided to tell us what all of this new kit costs, and it actually hasn’t increased too much over last year.

A base model 2015 Impreza 2.0i sets back buyers $18,195 for the four-door sedan or $18,695 for the five-door hatch (*not including $795 destination and delivery on all models). All of those prices are $300 more than the 2014 model year.

Moving up to the Premium trim requires $20,995 for the sedan or $21,495 for the five-door and adds 16-inch wheels, heated seats, heated mirrors and a windshield wiper de-icer. The Sport Premium pack, offered exclusively on the hatch, goes further with features like body-color side sills, 17-inch wheels, foglights, and more for $20,995 with the five-speed manual or $21,995 with the CVT.

Finally, the top-tier Limited trim on either the sedan or five-door and the Sport Limited on the hatch are priced at $22,295, $22,795 and $23,295, respectively. They get luxuries like leather seats, a seven-inch infotainment system, LCD display in the gauge cluster and extra chrome trim.

The Limited trims are also the only place where Subaru’s EyeSight system is an option. Ticking the box adds adaptive cruise control, pre-collision braking and lane departure warning, and it comes packaged with navigation, a moonroof, keyless start and fog lights that respond to steering for $2,795.

Power across the lineup is still provided by Subaru’s 2.0-liter boxer four-cylinder with 148 horsepower and a choice of either a five-speed manual or CVT, which is standard on the Premium and Limited trims. The 2015 Impreza starts hitting dealers in November, and you can scroll down to read the full pricing announcement.

Continue reading Refreshed 2015 Subaru Impreza priced from $18,195*

Refreshed 2015 Subaru Impreza priced from $18,195* originally appeared on Autoblog on Fri, 10 Oct 2014 10:00:00 EST. Please see our terms for use of feeds.

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08 Oct 2014

Billions of dollars at stake as dealers, Feds face off over auto loan regulations

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Car Dealerships Ahead Of Total Vehicle Sales Figures

“Dealers have to discount those rates to be competitive. The current system saves customers money. Period.” – Forrest McConnell

Auto dealers and the federal government are facing off over proposed rules to regulate auto financing, and this week the head of the nation’s largest dealer lobby came out strongly against plans to tighten lending practices and extend federal oversight.

“The government is trying to take away the consumer’s right to get a discount,” said Forrest McConnell, chairman of the National Automobile Dealers Association. Speaking at an Automotive Press Association event in Detroit, McConnell said dealers need the ability to “discount” interest rates for auto loans.

“Dealers have to discount those rates to be competitive,” he said. “The current system saves customers money. Period.”

The government disagrees.

The Consumer Financial Protection Bureau wants to extend its ability to regulate auto financing and argues a move to a flat fee system for auto loans – rather than discretionary interest rates – would benefit consumers and allow for more transparency in the process.

Continue reading Billions of dollars at stake as dealers, Feds face off over auto loan regulations

Billions of dollars at stake as dealers, Feds face off over auto loan regulations originally appeared on Autoblog on Wed, 08 Oct 2014 16:27:00 EST. Please see our terms for use of feeds.

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08 Oct 2014

MI man bonds with late father by buying his old Corvette

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Bachman father and son with '73 Corvette

A few years back, I was catching up with my childhood friend Adam, who told me he had stumbled upon his late father’s tow truck in the used-car listings. When I asked him if he’d buy it, he shrugged, “What for?” Maybe if it was a Corvette instead of a tow truck, he’d have felt differently.

One Scott Bachman of southern Michigan did. Cherishing childhood memories of his late father’s orange ’73 Stingray convertible, Scott began searching for the car recently, and when he found it, he bought it. Memories came rushing back: “It wasn’t until I got into the seat and put my hand on the steering wheel,” Bachman told Fox 2 News, “that I felt like I really connected with him again.”

Watch the local news report on the automotive family reunion and let us know what you think in the Comments.

Continue reading MI man bonds with late father by buying his old Corvette

MI man bonds with late father by buying his old Corvette originally appeared on Autoblog on Wed, 08 Oct 2014 16:58:00 EST. Please see our terms for use of feeds.

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07 Oct 2014

Is Lincoln MKC cutting into Cadillac SRX sales?

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Lincoln MKC

Cadillac SRXThe two big American luxury brands of Cadillac and Lincoln are on surprisingly similar paths at the moment with both divisions hoping to redefine themselves and grow popularity. They’re still early in the process with no clear winner yet, but things might actually be looking up for Lincoln’s latest model, according to a monthly sales analysis from The Motley Fool. It seems, at least early on, that the new MKC crossover might be taking a bite out of the Cadillac SRX’s growth.

The MKC launched just a few months ago and has been getting a big marketing push from a series of oft-mocked ads starring the smooth-talking Matthew McConaughey. The luxury CUV has been the popular, new kid on the block with growing sales since its introduction. While smaller than the SRX, the Lincoln starts at a lower price and offers better fuel economy.

Through June, the SRX performed well with sales up over 20 percent on average through June, according to The Motley Fool. However, July and August saw things plummet with year-over-year drops of 7 percent and 37 percent, respectively. It still far outsold the MKC in terms of actual units in a given month, but the Caddy’s continued growth has appeared to stagnate.

The results for the SRX have seemed to echo recent struggles for the whole brand. According to The Motley Fool, Caddy trounced Lincoln last year with sales up 22 percent to the Blue Oval’s brand drop of 0.6 percent. However, that has reversed through August of this year with Lincoln up 13.4 percent, compared to a drop of 4.7 percent from Cadillac.

The popularity of small crossovers has been huge, as of late, and the MKC might have been at the right place at the right time. However, Cadillac has said it has more CUVs on the way. Only a few months of data might not be enough to tell the whole tale of the final winner, but it’s an exciting battle to watch.

Is Lincoln MKC cutting into Cadillac SRX sales? originally appeared on Autoblog on Tue, 07 Oct 2014 15:44:00 EST. Please see our terms for use of feeds.

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06 Oct 2014

Average Bugatti owner has 84 cars, 3 jets, 1 yacht

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Bugatti Veyron 16.4 Grand Sport

Between Audi, Porsche, Lamborghini, Bentley and Bugatti, the Volkswagen Group has no lack of prestige marques under its umbrella. And while some of these marques may produce models that compete against each other, each seems to be profitable enough in its own right to justify its existence. But what about Bentley and Bugatti? Surely these marques cater to the same customers, right?

Not according to their shared CEO. “The clientele between Bentley and Bugatti is remarkably different,” said Wolfgang Dürheimer in an interview with Bloomberg. “The Bentley customer on average owns 8 cars. The average Bugatti customer has about 84 cars, 3 jets and 1 yacht.”

That may be a slight exaggeration (we’d have expected three yachts and one jet), but it puts things into perspective: Bentleys are for the one percent. Bugattis are for the one percent of that one percent. Which only goes to show why it’s taken Bugatti over eight years to sell 450 Veyrons – a number of units it would take Bentley about two weeks to move, albeit at about one tenth the price.

With only about 20 units left to go, the Veyron is about to roar off into the sunset, after which Bugatti will introduce its replacement sometime late next year or early in 2016. The Alsatian marque is reportedly working on three different versions, and the final design – thanks in no small part to a hybrid assist – is expected too pack some 25 percent more power than the 8.0-liter quad-turbo W16 in the current Veyron, which produces 987 horsepower in standard form and 1,184 hp in the Super Sport and Vitesse models.

Average Bugatti owner has 84 cars, 3 jets, 1 yacht originally appeared on Autoblog on Sun, 05 Oct 2014 19:07:00 EST. Please see our terms for use of feeds.

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06 Oct 2014

Price cut boosts Dodge Viper sales dramatically

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2015 Dodge Viper

It may go without saying that slashing the price on a new car – especially one this enticing – would only serve to boost sales. But in case you needed hard evidence, look no further than the Dodge Viper.

Last month Chrysler announced it was chopping a solid $15k off the price of a new Viper, dropping the MSRP of a base model to under $85k, the Viper TA to just over $100k and the top-of-the-line GTS to under $108k. The result has been more than a doubling in sales: According to Yahoo! Autos, Dodge sold 108 Vipers last month, which emerged as the best results the model has racked up in its current iteration. This compared to only 38 units sold in August, 48 in July and 36 in June – or, for year-to-year comparison, just 45 units in September 2013.

The sales initiative – which also saw recent buyers compensated with a $15k voucher towards the purchase of a new Viper – came in response to lagging sales. Back in March, with sales plummeting and stock piling up, Chrysler idled the Conner Avenue plant that builds the Viper. It then extended the shut-down in July for another few weeks. But with production back online, prices adjusted and sales picking up, hopefully we’ll have seen the last hiccup in the life of one of America’s finest performance machines – especially with the MY2015 enhancements in store.

Price cut boosts Dodge Viper sales dramatically originally appeared on Autoblog on Mon, 06 Oct 2014 10:15:00 EST. Please see our terms for use of feeds.

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03 Oct 2014

Warren Buffet buys largest private US car dealership chain [w/video]

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Buffet buys Van Tuyl Group

When Warren Buffet makes an investment, people pay attention. That’s just one of the perks of being one of the richest men in the world, and his latest move is a big one. Buffet’s Berkshire Hathaway investment company is to hopping into the auto business in a huge way by buying Van Tuyl Group, the nation’s largest privately owned auto dealer network, for an undisclosed sum.

Van Tuyl Group is the fifth-largest dealer network overall in the US and operates 78 stores in 10 states. According to the release from Berkshire Hathaway announcing the purchase, Van Tuyl has over $8 billion in revenue. However, because the company is private, the actual price of this investment is not being disclosed. Under the arrangement, Van Tuyl Group will become Berkshire Hathaway Automotive with its headquarters in Dallas, and Larry Van Tuyl will become its chairman.

While this investment would be big enough on its own, Buffet isn’t stopping with just Van Tuyl’s network. He tells CNBC that he expects to buy even more dealers. He even reiterates the point in the press release for the announcement saying, “This is just the beginning for Berkshire Hathaway Automotive.”

The deal still has to be approved by automakers and regulators, but Berkshire Hathaway expects everything to be completed in the first quarter of 2015. Scroll down to watch Buffet’s interview on CNBC and read the press release announcing the deal.

Continue reading Warren Buffet buys largest private US car dealership chain [w/video]

Warren Buffet buys largest private US car dealership chain [w/video] originally appeared on Autoblog on Fri, 03 Oct 2014 07:30:00 EST. Please see our terms for use of feeds.

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02 Oct 2014

72-month loans enticing consumers to buy loaded cars

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auto sales

Longer loan terms and favorable interest rates are tempting consumers into pricier and more feature-laden vehicles, consequently driving average transaction prices up about three percent since 2009, according to a new report by Automotive News.

It’s that first bit, about longer loan terms, that has helped bump transaction prices. The availability of no-interest, 72-month loans, AN reports, is allowing buyers targeting a maximum monthly payment of $500 to spend $6,000 more than on a more traditional five-year loan. Even for those with a more mainstream, $400-per-month target, a 72-month loan means customers can spend an extra $4,800.

Not only is this good news for automakers, who are enjoying rapid sales of pricier cars, trucks and SUVs, but dealers are enjoying the move to six-year loans. “I can’t tell you the last time I saw something less than 72 [months],” Pete Munson, general manager of Great Lakes Chevrolet in Ohio, told Automotive News. “They just want the most car for the least amount of monthly payment. They don’t look at the overall price of the car.”

Kris Byrd, of Sheehy Nissan in Virginia, echoed Munson’s statement. “More people will come in and pay for the leather and pay for the navigation,” Byrd told AN. “People are coming in and wanting the Rogue SL with the Premium Package and all the bells and whistles.”

More than just optional goodies, buyers are moving to bigger vehicles in general, thanks to the generous loan terms. AN reports that sales of compact CUVs is up 14 percent and that overall SUV sales are up 24 percent, both of which compare very favorably to the flat growth rates of compact and midsize sedans. This is far from the first time we’ve heard that sedans are struggling against CUV/SUV popularity.

What are your thoughts on this? Would you consider a 72-month loan? We’d really like to hear from you, so head into Comments and have your say.

72-month loans enticing consumers to buy loaded cars originally appeared on Autoblog on Thu, 02 Oct 2014 06:00:00 EST. Please see our terms for use of feeds.

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01 Oct 2014

Chevy Trax to start at $20,120*

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2015 Chevrolet Trax

The Chevrolet Trax is the slightly more meat-and-potatoes cousin to the Buick Encore, with the same platform and engine underneath but a touch less luxury. The little compact crossover is on its way to US dealers in January 2015, and Chevy is finally announcing the base price for this runabout CUV at $20,120 (*plus $875 for destination) when it goes on sale. That’s around $4,000 less than a starter Encore before its destination fee.

For that money, buyers get a 1.4-liter turbocharged four-cylinder good for 138 horsepower and 148 pound-feet of torque, and EPA estimated fuel economy of 26 miles per gallon city and 34 mpg highway. Features like a 7-inch touchscreen infotainment system, rearview camera and keyless entry come standard, as well. Moving up through the LS, LT and LTZ trims adds even more kit. While the Trax might look fairly small on the outside, the rear seats and the front passenger seat all fold down for a maximum amount of space when needed.

In addition to that, all of the trims are offered with all-wheel drive for $1,500. Other available options include remote start and Chevy’s OnStar 4G LTE system to act as a WiFi hotspot.

Chevy tells us it is holding a launch event for the Trax in December, so hopefully we’ll be able to tell you how it drives before the New Year arrives. Scroll down for the company’s full announcement of the price and options.

Continue reading Chevy Trax to start at $20,120*

Chevy Trax to start at $20,120* originally appeared on Autoblog on Wed, 01 Oct 2014 15:30:00 EST. Please see our terms for use of feeds.

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30 Sep 2014

Rolls-Royce to reach 4,000 units this year

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Rolls-Royce showroom

Rolls-Royce is, by nature, an exclusive auto marque, but it has been steadily increasing its sales to the point that it could be looking at 4,000 units by the end of this year, setting a new record for the German-owned British automaker.

You don’t even need to go back a decade to find Rolls-Royce sales hovering around the 1,000-unit mark. But that was when Goodwood only offered the Phantom saloon. The subsequent addition of the Phantom DHC and Phantom Coupe helped expand its portfolio, enlarged even further by the addition of the Ghost in 2010, by which time total sales were reaching 3,000 units.

The Spirit of Ecstasy marque has been hovering around the 3,500 mark ever since, but with the Wraith now in the mix and its reach extending into growing markets around the world, Autocar reports that global sales could top 4,000 units this year. (Of course that pales in comparison to one-time sister brand Bentley, which topped 10,000 deliveries last year, but Rolls-Royce typically competes at a higher price bracket.)

That’s all well and fine in the abstract, but what that means in concrete terms is that Goodwood stands to generate around $800 million in profits this year. That means it has the cash on hand to fund the development of its own models internally, without needing to rely on parent company BMW to provide the capital. The financial independence will be brought to bear first on the next-generation Phantom as well as on the next Ghost, but also on the SUV project that’s currently on the table.

Rolls-Royce to reach 4,000 units this year originally appeared on Autoblog on Tue, 30 Sep 2014 09:15:00 EST. Please see our terms for use of feeds.

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