Report: Car accidents cost America nearly $100B a year

Report: Car accidents cost America nearly $100B a yearVehicle accidents cost the U.S. about $99 billion a year, according to federal statistics. That is the equivalent of $500 per driver. Male drivers are responsible for about three-quarters of that expense and represent about 70% of the 40,000 or so Americans killed annually in such accidents. The New York Times

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U.S. auto sales plunge 21%

U.S. auto sales plunge 21%, triggering talk of more stimulus
Plunging sales led auto industry executives to start talking about a need for additional stimulus, but most doubt a measure to help automakers would get through Congress before the November midterm election. Auto sales across the U.S. fell 21% in August compared with the same month last year. Analysts said the drop reflects the sluggish pace of economic recovery and the expiration of the "Cash for Clunkers" rebate. Detroit Free Press

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Wholesale prices are moving downward at last

Wholesale prices are moving downward at last.
Value guide Black Book the largest number of average daily adjustments since the week ending March 19, when the count was 2237 per day. At 1826 average per day the week of June 21, this was 169 percent greater than the prior week of 1083.The changes in value were evenly split between decliners and advancers. The half that advanced rose by an average of $106. The downward changes were greater, so the overall change in the adjustments came in at just less than $10 lower. This is an improvement over the previous week decline of $29.All 10 car segments

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CPI Rises for Used Cars

CPI Rises for Used Cars
The Consumer Price Index for All Urban Consumers declined 0.2 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.0 percent before seasonal adjustment.

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How Will Mercury Discontinuation Impact Used Values?

Ford's decision to stop producing Mercury vehicles and wind down the 71-year-old brand marks the end of an era for the automaker, but don't expect too much change on the used-vehicle value front for the Mercury brand.


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The Years Top Ten Green Cars

IRVINE, Calif. — With Earth Day 2010 coming on Thursday, the editors from Kelley Blue Book decided to reveal their selections of this year's Top 10 Green Cars. The newest version includes a mix of domestic and foreign brands with some vehicles using either hybrid or clean-diesel technology.

Find out the top ten cars at http://kbb.com

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Polk Finds Fewer Cars on the Road

The number of cars and light trucks scrapped in the past 15 months substantially outnumbers new vehicle registrations in the U.S. during the same period, according to a recent analysis by R. L. Polk & Co. More than 14.8 million cars and light trucks were retired from the fleet between July 1, 2008 and Sept. 30, 2009, compared to new registrations of slightly more than 13.6 million, resulting in an overall scrap rate of 6.1 percent. This includes thousands of units scrapped during last year's CARS program, known as 'Cash for Clunkers,' and follows a trend seen by Polk over the past five years.

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