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Auto Facts with CARA
24 minutes | Dec 20, 2020
Auto Facts 12/20/20
In September of 2020, almost 1.4 million motor vehicles were sold in the U.S. As more people consider purchasing or trading in a vehicle, consumers may find themselves mired by misconceptions. Here are several car-buying misconceptions, fallacies, and superstitions, debunked, (and also a few truths) to guide your car-buying journey:
23 minutes | Dec 6, 2020
Auto Facts: Holiday Automotive Gifts (12/6/20)
The holidays are not that far off. We wanted to discuss with you some gift options for the car enthusiasts in your lives.
24 minutes | Nov 22, 2020
Auto Facts: Driving In Inclement Weather (11/22/20)
As leaves begin to fall, wet leaves on the roadway can be as slippery as ice. They also can obscure traffic lines and other pavement markings, making driving in unfamiliar areas particularly difficult. Motorists should slow down and use extra caution on leaf-covered roadways.If you do begin to slide on the wet leaves, take your foot off the gas but DO NOT slam on the brakes. Braking hard will only increase the slide. Point your wheels in the direction you want your vehicle to go. As your vehicle straightens out, you’ll need to adjust your steering again.
23 minutes | Nov 8, 2020
Auto Facts 11/8/20
The Connecticut Hydrogen and Electric Automobile Purchase Rebate (CHEAPR) offers incentives of up to $5,000 for Connecticut residents who purchase or lease a new eligible battery electric, plug-in hybrid electric or fuel cell electric vehicle. There are currently over 30 eligible vehicles available and the list continues to grow as manufacturers release new models.
20 minutes | Oct 25, 2020
Auto Facts: Tractor Trailer Safety: (10/25/20)
Fatalities in truck-involved crashes have risen by about a third since 2009 and reached 4,951 killed on U.S. roads in 2018, the latest year for which federal data is available. Truck-related fatalities represent 13.5 percent of the overall traffic-death total that year. The Federal Excise Tax (FET) on heavy-duty trucks was first imposed in 1917 to help pay for World War I. Interesting to note it began around the same time as the last major pandemic. This tax on most new heavy-duty trucks, tractors and trailers was originally 3% and has now grown to 12%. As the highest excise tax on a percentage basis that Congress levies on a product, the FET often adds as much as $20,000- $30,000 to the price of a new heavy-duty truck. This cost prevents companies from buying newer and safer vehicles. The FET is prohibitive.Excise taxes go to the Federal Government. It is important to note that heavy trucks are all American made.
25 minutes | Oct 11, 2020
Auto Facts: Auto Technician Shortages (10/11/20)
Dealerships are an integral part of Connecticut’s economy as they protect our state’s consumers and work hard to contribute $10.3 billion in total sales to Connecticut's economy, which is 17.7% of total retail sales in the state. There are currently over 14,000 employees in direct jobs at the 270 new car dealerships in Connecticut. This is an average of 57 employees per dealership. There are also over 14,000 indirect and induced jobs. The payroll for the dealerships amounts to $880 million.
22 minutes | Sep 27, 2020
Auto Facts: Fall Cruises (9/27/20)
Whether it is to the beach or to the mountains, fall is a great time to get in your car and go for a drive. What are some road trip essentials? Where can consumers find new vehicles for these fall drives and the rest of their commuter needs?
22 minutes | Sep 13, 2020
Auto Facts: Car Buying Tips For Women (9/13/20)
Over the years, women have become a more powerful and influential segment of the car buying community. Research shows that women influence 70%-80% of all consumer purchasing. According to cars.com, women buy 62% of all new cars sold in the U.S.
24 minutes | Aug 30, 2020
Auto Facts: Certified Pre-Owned (8/30/20)
According to Cox Automotive, franchised dealers have experienced growth in manufacturer-backed certified preowned (CPO) sales. Through October 2019, CPO sales were up 2.9 percent. A CPO used car is a Certified Pre-Owned car and they’re very different from the average used car. A car can be certified either by a dealer using an automaker’s specifications, or dealers can certify cars on their own.
23 minutes | Aug 17, 2020
Auto Facts 8/16/20
While you won’t be taking off into the sky with your SUV right from the interstate anytime soon, the future of cars is bright, especially when it comes to building cars with greater internet-based capabilities that will make driving smarter and safer. When the car moves from being a closed box to a “mobile box” with the ability to gather data and communicate it, that is known as a connected car.
25 minutes | Jul 19, 2020
Auto Facts: Auto Trends In 2020 (7/19/20)
2020 has been a hard year to quantify. What was the forecast for 2020 at the beginning of the year and what is the forecast 6 months into 2020?
22 minutes | Jul 5, 2020
Auto Facts: Excise Tax on Trucks (7/5/20)
What is the Federal Excise Tax on Trucks? The Federal Excise Tax (FET) on heavy-duty trucks was first imposed in 1917 to help pay for World War I (Which has ended, but not the tax). This tax on most new heavy-duty trucks, tractors and trailers was originally 3% and has now grown to 12%. As the highest excise tax on a percentage basis that Congress levies on a product, the FET often adds as much as $12,000- $22,000 to the price of a new heavy-duty truck.
25 minutes | Jun 21, 2020
Auto Facts: Demand and Supply (6/21/20)
Auto manufacturing plants across the United States are resuming operations after halting operations from mid-March until May 18. The plants are reopening in stages and boosting production gradually, but it will take months—possibly years—to restore output to pre-crisis levels.
21 minutes | Jun 7, 2020
Auto Facts: Leasing vs. Buying Vehicles (6/7/20)
What are the differences between leasing vs. buying a vehicle?What are the up-front costs for leasing or buying a car?What happens when a lease is complete on a vehicle?
22 minutes | May 24, 2020
Auto Facts:Teen Driving Laws and Trends (5/24/20)
How can someone get a driver’s license in Connecticut? Where do people take driver’s education? What do you need to do to get a driver’s license in Connecticut?
25 minutes | May 11, 2020
Auto Facts 5/10/20
All Things Auto- Covid-19 and Connecticut Car Dealerships Part 2 Have new car dealerships been open in Connecticut during the Covid-19 pandemic? How have sales been in dealerships since the Covid-19 shutdown began? If the Governor begins to loosen restrictions and auto dealerships open back up how will they do this?
24 minutes | Apr 12, 2020
Auto Facts: Dealer COVID Facts (4/12/20)
How Automotive Dealers are working safer and helping customers get through the COVID-19 pandemic.
23 minutes | Mar 29, 2020
Auto Facts: Spring is Coming! (3/29/20)
Spring is right around the corner. How should you get your vehicle ready.
22 minutes | Mar 1, 2020
Auto Facts: CT Auto History (3/1/20)
Did you know cars were once manufactured in CT? Learn more about the state's history with automobiles.
21 minutes | Feb 16, 2020
Auto Facts: Car Buying In CT (2/16/20)
What types of cars can be purchased in CT? We discuss car buying time myths and facts, and look at the different EV's available in our state.
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