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Diamond Detailing is high in demand! With people coming to Guelph from all over Ontario for our detailing services and those coming up from the United States to experience the VIP Emerald Elite Diamond Detailing Package - North America's most expensive and finest auto detailing for luxury and exotic cars our time has become precious. The phones are ringing off the hook, the website is flooded and customers have made repeated requests for a journal of daily experiences I encounter. In effort to meet our customer's demands for more insight we added this Guelph automotive detailing blog. We hope you will find the latest news on the projects and experiences that we encounter to be informative, humorous and addictive.
Showing posts with label car buying tips. Show all posts
Showing posts with label car buying tips. Show all posts

Thursday, May 1, 2008

SUV Trade-In Values Plummet

By Edward Niedermeyer - The Truth About Cars
April 30, 2008 - 1,669 Views
As U.S. fuel prices head for $4 a gallon, US News and World Report takes a look-see at SUV resale values. The mag divines that weakening demand has dramatically eroded resale values. (Ya think?) Citing a CNW Marketing Research study, USN&WR says March sales of used SUVs are down 14 percent from last year, after dropping eight percent in the first two months of this year. The story also kicks some journalistic tires at used car lots, where dealers no longer want to stock large vehicles. A Sales Manager from a Florida Chrysler/Jeep dealer says "some large vehicles are dropping thousands of dollars in value each month… Anything diesel has dropped $5,000 in the past five months." So where are all the body-on-frames going? Overseas, according to the Sales Manager of a Florida Nissan dealership. Apparently (hey it's a used car dealer), the store's been exporting about one car a month" in recent years. But this year they average "roughly 10." (Roughly? Would that be, say, five?) Add nasty depreciation onto huge operating costs, and it's not hard to not see the future of the SUV.US News and World Report »
view reader comments on this article at The Truth About Cars

Are Hybrid cars emitting dangerous Electromagnetic Fields?

Fear, but Few Facts, on Hybrid Risk - New York Times
By JIM MOTAVALLI
Published: April 27, 2008
ALMOST without exception, scientists and policy makers agree that hybrid vehicles are good for the planet. To a small but insistent group of skeptics, however, there is another, more immediate question: Are hybrids healthy for drivers?

There is a legitimate scientific reason for raising the issue. The flow of electrical current to the motor that moves a hybrid vehicle at low speeds (and assists the gasoline engine on the highway) produces magnetic fields, which some studies have associated with serious health matters, including a possible risk of leukemia among children.
With the batteries and power cables in hybrids often placed close to the driver and passengers, some exposure to electromagnetic fields is unavoidable. Moreover, the exposure will be prolonged — unlike, say, using a hair dryer or electric shaver — for drivers who spend hours each day at the wheel.
Some hybrid owners have actually tested their cars for electromagnetic fields using hand-held meters, and a few say they are alarmed by the results.
Their concern is not without merit; agencies including the National Institutes of Health and the National Cancer Institute acknowledge the potential hazards of long-term exposure to a strong electromagnetic field, or E.M.F., and have done studies on the association of cancer risks with living near high-voltage utility lines.
While Americans live with E.M.F.’s all around — produced by everything from cellphones to electric blankets — there is no broad agreement over what level of exposure constitutes a health hazard, and there is no federal standard that sets allowable exposure levels. Government safety tests do not measure the strength of the fields in vehicles — though Honda and Toyota, the dominant hybrid makers, say their internal checks assure that their cars pose no added risk to occupants.
Researchers with expertise in hybrid-car issues say that while there may not be cause for alarm, neither should the potential health effects be ignored.
“It would be a mistake to jump to conclusions about hybrid E.M.F. dangers, as well as a mistake to outright dismiss the concern,” said Jim Kliesch, a senior engineer for the clean vehicles program at the Union of Concerned Scientists. “Additional research would improve our understanding of the issue.”
Charges that automobiles expose occupants to strong electromagnetic fields were made even before hybrids became popular. In 2002, a Swedish magazine claimed its tests found that three gasoline-powered Volvo models produced high E.M.F. levels. Volvo countered that the magazine had compared the measurements with stringent standards advanced by a Swedish labor organization, not the more widely accepted criteria established by the International Commission on Non-Ionizing Radiation Protection, a group of independent scientific experts based near Munich.
Much of the discussion over high E.M.F. levels has sprung from hybrid drivers making their own readings. Field-strength detectors are widely available; a common model, the TriField meter, costs about $145 online. But experts and automakers contend that it is not simple for a hybrid owner to make reliable, meaningful E.M.F. measurements.
The concern over high E.M.F. levels in hybrids has come not just from worrisome instrument readings, but also from drivers who say that their hybrids make them ill.
Neysa Linzer, 58, of Bulls Head in Staten Island, bought a new Honda Civic Hybrid in 2007 for the 200 miles a week she drove to visit grocery stores in her merchandising job for a supermarket chain. She said that the car reduced her gasoline use, but there were problems — her blood pressure rose and she fell asleep at the wheel three times, narrowly averting accidents.
“I never had a sleepiness problem before,” Ms. Linzer said, adding that it was her own conclusion, not a doctor’s, that the car was causing the symptoms.
Ms. Linzer asked Honda to provide her with shielding material for protection from the low-frequency fields, but the company declined her request last August, saying that its hybrid cars are “thoroughly evaluated” for E.M.F.’s before going into production. Ms. Linzer’s response was to have the car tested by a person she called her wellness consultant, using a TriField meter.
The TriField meter is made by AlphaLab in Salt Lake City. The company’s president, Bill Lee, defends its use for automotive testing even though the meter is set up to test alternating current fields, whereas the power moving to and from a hybrid vehicle’s battery is direct current. “Generally, an A.C. meter is accurate in detecting large electromagnetic fields or microwaves,” he said.

Testing with a TriField meter led Brian Collins of Encinitas, Calif., to sell his 2001 Honda Insight just six months after he bought it — at a loss of $7,000. He said the driver was receiving “dangerously high” E.M.F. levels of up to 135 milligauss at the hip and up to 100 milligauss at the upper torso. These figures contrasted sharply with results from his Volkswagen van, which measured one to two milligauss.

Mr. Collins said he tried to interest Honda in the problem in 2001, but was assured that his car was safe. He purchased shielding made of a nickel-iron alloy, but because of high installation costs decided to sell the car instead.
A spokesman for Honda, Chris Martin, points to the lack of a federally mandated standard for E.M.F.’s in cars. Despite this, he said, Honda takes the matter seriously. “All our tests had results that were well below the commission’s standard,” Mr. Martin said, referring to the European guidelines. And he cautions about the use of hand-held test equipment. “People have a valid concern, but they’re measuring radiation using the wrong devices,” he said.
Kent Shadwick, controller of purchasing services for the York Catholic District School Board in York, Ontario, evaluated the Toyota Prius for fleet use. Mr. Shadwick said it was tested at various speeds, and under hard braking and rapid acceleration, using a professional-quality gauss meter.
“The results that we saw were quite concerning,” he said. “We saw high levels in the vehicle for both the driver and left rear passenger, which has prompted us to explore shielding options and to consider advocating testing of different makes and models of hybrid vehicles.”
In a statement, Toyota said: “The measured electromagnetic fields inside and outside of Toyota hybrid vehicles in the 50 to 60 hertz range are at the same low levels as conventional gasoline vehicles. Therefore there are no additional health risks to drivers, passengers or bystanders.”
The statement adds that the measured E.M.F. in a Prius is 1/300th of the European guideline.
The tests conducted by hybrid owners rarely approach the level of thoroughness of those run by automakers.
Donald B. Karner, president of Electric Transportation Applications in Phoenix, who tested E.M.F. levels in battery-electric cars for the Energy Department in the 1990s, said it was hard to evaluate readings without knowing how the testing was done. He also said it was a problem to determine a danger level for low-frequency radiation, in part because dosage is determined not only by proximity to the source, but by duration of exposure. “We’re exposed to radio waves from the time we’re born, but there’s a general belief that there’s so little energy in them that they’re not dangerous,” he said.
Mr. Karner has developed a procedure for testing hybrids, but he said that the cost — about $5,000 a vehicle — had prevented its use.
Lawrence Gust of Ventura, Calif., a consultant with a specialty in E.M.F.’s and electrical sensitivity, was one of the electrical engineers who tested Mr. Collins’s Insight in 2001. He agreed that the readings were high but did not want to speculate on whether they were harmful. “There are big blocks of high-amp power being moved around in a hybrid, the equivalent of horsepower,” he said. “I get a lot of clients who ask if they should buy hybrid electric cars, and I say the jury is still out.” original article located at New York Times

Wednesday, April 16, 2008

Chrysler/Nissan/Chery/Suzuki/Mitsubishi Inbreeding Explained

By Frank Williams - The Truth About Cars
April 15, 2008 - 1,008 Views
Let's recap. Chrysler builds pickup trucks for Mitsubishi. Chery is working on a U.S.-market subcompact for Chrysler. Chrysler is selling a rebadged Chery as a Dodge in Mexico. Volkswagen is selling Chrysler-built minivans in the U.S. Nissan is building small trucks for Suzuki to sell in the U.S. and Versas to be sold as Chryslers in Brazil. Chrysler has been talking with Great Wall Motors in China about something. Now, just in case all these relationships aren't confusing enough, The Detroit Free Press reports that Chrysler and Nissan announced Chrysler will build a version of the Ram pickup in Mexico for Nissan to sell in the U.S. In return, Nissan will build a North American-bound small car in Japan for Chrysler. In a way, all this makes sense, particularly the Chrysler-Nissan deals. After all, Chrysler has a well-established presence in the truck and van market while Nissan and Chery specialize in small cars. All they're doing is capitalizing on each other's strengths. However, the more Nissan and Chrysler snuggle-up together, the more it seems that Nissan is testing the waters for establishing an American partner– something Carlos Ghosn has promised, eventually. Don't be surprised if in the next few years you hear that Chrysler's building vans for Nissan or that Nissan's supplying Altima drivetrain components for the Sebring/Avenger. And when Cerberus starts the flip 'n strip with Chrysler, Nissan will be right there to pick up the pieces. You heard it here first.

Car buyers to face tougher time securing loans

Saturday, April 12, 2008 Robert Schoenberger Plain Dealer Reporter

If your credit isn't perfect, get ready for a tougher time buying a car. You may have to make a bigger down payment, and you'll probably pay more every month. Lenders nationwide are tightening their standards for auto loans, which means more rejections, shorter loans and higher interest rates.

For the first time in nearly a decade, dealers are telling large numbers of buyers that they can't afford the cars they want. CitiGroup this week slashed about 800 jobs in its auto-lending business and says it plans to cut the number of loans it offers. CitiGroup's move followed cutbacks and altered credit terms by virtually all the lenders that specialize in less-than-ideal credit risks in the auto market.

"People with decent credit aren't able to get the terms they think they should get," said Michelle Primm, managing partner of the Cascade Auto Group in Cuyahoga Falls and a special director of the National Automobile Dealers Association.

Mary Kay Bean, spokeswoman for JP Morgan Chase, said her company is demanding bigger down payments and will not write loans longer than 72 months for buyers with lower credit scores. Some buyers looking for new midsize sedans are leaving in used compact cars. Some buyers can't even afford that.

Bill Miller, a Cleveland State University student who works full time as a mechanical engineer, said he tried to buy a car a few months ago and couldn't get credit anywhere. As a college student with a C-minus credit rating and some credit card debt, he knew that getting a loan would be a challenge. But he didn't think $7,000 for a used car would be impossible. He wanted to buy the car with his fiancée so she could drive to work. Instead, he takes long lunch breaks to drop her off. "We were declined and declined and declined. I thought I rebuilt my credit, at least to the point of getting a car loan," Miller said. "I guess not"

Scott McKown, finance and insurance director for the Classic Auto Group in Mentor, said competition among lenders as recently as last year allowed dealerships to sell cars to people who historically couldn't afford them. "In a lot of cases, we'd say, Boy, I hope the customer can pay this,' " after seeing the loan terms, McKown said. "These guys tended to specialize in that low end of the business."

The loan tightening could lead to lower car sales in a year that is already shaping up to be the worst for auto sales in more than a decade. As with the collapse of the mortgage business, lenders blame the tightening of auto credit terms on Wall Street.

Until this year, lenders such as HSBC, AmeriCredit, CitiGroup and others would package their auto loans and sell them to investors, who would make their money from borrowers' interest payments. But with the collapse of the mortgage market, investors no longer want to buy loans, especially loans made to buyers with shaky credit. Without the ability to sell their loans, AmeriCredit and others don't have enough cash to make as many loans. So they're being more selective.

Even Ford Motor Credit, General Motors Acceptance Corp. and other lenders affiliated with automakers say they're looking a little harder at each transaction. But those companies tend to stick to the best borrowers, so dealers said the effect of those changes has been minimal.

Some dealers said the stricter loan terms are healthy and necessary. "When you have dealers that say they can get anybody a loan, they're selling financing," said Pat O'Brien, owner of Chevrolet dealerships in Medina, Willoughby and Westlake. "They're not selling the car." He added that loan terms offered to people with poor credit were often so bad that they would have been better off not buying. "They're taking real advantage of the person who could least afford it," O'Brien said.

Primm of Cascade Auto Group said she isn't happy about scrambling to get financing for her customers, but she said the terms make a lot more sense than the loans common a year ago. "Shorter terms and bigger down payments are good things," she said. "You shouldn't go 72 months on a car [loan] when people only own their cars for three or four years."

To reach this Plain Dealer reporter:

rschoenb@plaind.com, 216-999-4059

Original article can be found here: http://www.cleveland.com/plaindealer/stories/index.ssf?/base/business-6/120798933622270.xml&coll=2&thispage=1

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