Credit availability allowing for longer-term loans is driving a significant increase in new-vehicle sales. Total new-vehicle retail sales in the United States are expected to reach 6.5 million for the first half of 2014, an increase of 6% over the first half of 2013, according to an analysis by J.D. Power.
In the 2014 IQS, several auto brands have improved or declined notably in terms of overall quality compared with last year.
Shortly after the first of the year, a redesigned 2015 Ford Edge will roll into a Ford dealer showroom near you, boasting a more chiseled and aerodynamic design, greater interior room, upgraded engines, and new technologies.
While the latest J.D. Power Initial Quality StudySM (IQS) finds that new or redesigned models are typically more problematic than older models that are carried over from the previous model year, five vehicle brands improved their overall performance in the 2014 IQS despite launching new models and new technologies.
Taken together, light-vehicle retail sales for May and June indicate that the automotive industry in the United States continues to run ahead of last year's figures.
This year, the number of problems new-vehicle buyers have experienced with their new cars, trucks, SUVs, and vans has increased from 2013. Here we discuss the top 11 reported problem areas from the 2014 Initial Quality Study (IQS).
When automakers introduce new models, or redesigns of existing models, reported problems typically increase.
In the second year of the latest version of the Initial Quality Study, there is a decided decline in new-vehicle quality, one rooted primarily in owner dissatisfaction with technology.
Despite steady premium price increases over the past five years, auto owners' satisfaction with auto insurance has reached record-high levels since 2000.
Mercedes-Benz has announced extensive renovations to its 4-door CLS Coupe, including a more powerful and fuel-efficient engine, a 9-speed automatic transmission, precision Multibeam LED headlights, and several upgrades to the interior.