News Center, Top Automotive News, Latest Vehicle Data, Digital Media

June 2008 Entries

Jun30

What Cleveland Women Want





ONLINE MEDIA | By | |

I really enjoy opening the "mailbag" and hearing from readers who have suggestions for topics in this space or comments about past stories. I also appreciate alert readers, including Alan Travaglianti of Strongsville.

Read More...

Jun27

Annual Auto Sales Continue Fall





AUTO INDUSTRY | By | |

Sacramento Bee - June 26, 2008 - The sluggish auto market continues to slow for auto dealers.

Jun25

LeaseTrader.com on FOX 6 News





TV COVERAGE | By | |

Car

Presidential candidate Barack Obama's connections and his background have again surfaced recently after Republican Vice Presidential candidate Sarah Palin suggested Obama had an association with 1960s radical Bill Ayers. Sarah Palin has stepped up her aggressive nature following the recent Vice Presidential Debate with Democratic Vice Presidential candidate Joe Biden.

Although most Americans will tell you they aren't in favor of negative or attack politics, some people that wa...

Read More...

Jun24

Car Dealers Adding Hidden Fees





AUTO INDUSTRY | By | |

US News and World Report - June 24, 2008 - Car dealers hiking hidden fees at end of sale to cover losses.

Jun23

Dealers Not Accepting SUV and Truck Trade-Ins





AUTO INDUSTRY | By | |

Mlive.com - June 23, 2008 - Dealers not accepting SUV and truck trade-ins in light of more fuel conscious economy.

Jun23

Sen. McCain Offers $300 Million Prize for New Auto Battery





AUTO INDUSTRY | By | |

Associated Press- June 23, 2008 - Sen. McCain offers incentive for more efficient car battery in light of rising gas prices.

Jun21

Ford To Delay New F-Series Pickups





AUTO INDUSTRY | By | |

LA Times- June 21, 2008 - Ford to delay release of new F-series pickups in light of increased gas prices and decreased popularity of the SUV.

Jun19

Oil Tumbles $5 as China Raises Gas Prices





AUTO INDUSTRY | By | |

CNNmoney.com - June 19, 2008 - China raises gas prices, US gas prices decline $5 a barrel.

Jun17

Lease Transfers Grow As Economy Declines





ONLINE MEDIA | By | |

Auto Service World - The rise in lease transfers means people will have to use the aftermarket to maintain them.

Jun17

Americans Downsize to Cope with Fuel Prices





ONLINE MEDIA | By | |

Consumers' quick, massive shift toward smaller vehicles has bludgeoned the auto industry. But Americans have only begun to show automakers how anxious they are to make transitions to more fuel-efficient transportation.

A desperation to downsize is taking hold across the land, fed not only by skyrocketing fuel costs but also by the rise in general economic pressures, most notably the mortgage mess. And this surge is likely only to intensify, even if gasoline prices somehow moderate.Read More...

Jun17

LeaseTrader.com on NBC 11 News





TV COVERAGE | By | |

Car

Many people point to the fact that America is running up way too much debt in Government spending. On top of that, people point to the $700 Billion Bailout plan (some call it a "rescue" plan) as yet another big example of how Government can't control its own debt system. But is Joe Six Pack being fair?

The one thing Americans aren't doing is looking in the mirror. The majority of Americans have been drunk on credit over the last several years. From housing to credit ...

Read More...

Jun17

LeaseTrader.com on CBS 11 News





TV COVERAGE | By | |

Car

Oil has come off its high near $140 just a few months ago and closed today at $88 a barrel. Millions of Americans are still struggling to pay for gas despite oil's recent tumble. There is a lot of pain in the economy, and people are still feeling it at gas stations such as BP, Shell, Mobil and even convenience stores like 7-eleven.

Helping oil's plummet along has been the recent fear and panic in the U.S. economy, and even the global economy. For the most part, demand has fall...

Read More...

Jun17

LeaseTrader.com on ABC 7 News





TV COVERAGE | By | |

Car

More trouble continues to lie ahead for embattled executives of Lehman Brothers, which ended its long-standing relationship with Wall Street investors last month when it failed as an investment bank. Now undergoing testimony before Congress, Lehman Brothers executives are describing the activities that led up to that fateful day when Lehman Brothers closed its doors. Among the topics of discussion are the payouts several executives received just days before the firm closed.

In...

Read More...

Jun14

GM To Review Hummer Brand





ONLINE MEDIA | By | |

The rising cost of fill-ups is prompting GM to review its Hummer line 'to determine its fit within the GM portfolio.'

It emerged as a symbol of American military might in the First Gulf War as CNN beamed images of the Hummer into North American homes, toppling the enemy and rambling over rough terrain in Operation: Desert Storm.

Arnold Schwarzenegger, the Terminator himself, was one of its earliest champions. Gas cost about a buck a gallon in the United States. That was nearly...

Read More...

Jun11

What Kind of Woman Does Your Car Attract?





ONLINE MEDIA | By | |

Single guys may want to consider what kind of women they like to attract when they buy or lease their next car.

Dating coach DeAnna Lorraine and LeaseTrader.com teamed up to give insight on what women think about the personality of a man based on the car he drives.

"A man's car reveals a lot about his personality and values, and may determine a woman's attraction toward him," Lorraine said in a news release from LeaseTrader.com.

Read More...

Jun10

Dating Expert Reveals What Women Think of Your Vehicle





LeaseTrader.com News | By | |

LeaseTrader.com shared with Ms. Lorraine the five most popular leased vehicles men drive, according to user data on the site. Ms. Lorraine then created a profile that represents the vehicle’s personality traits:

Chevy Suburban: These men like travel, adventure and spending time with friends and family. These vehicles attract women that are family-oriented, down-to-earth and easy-going.

Mercedes S-Class: These men are classy, successful, ...

Jun09

Saudi Arabia Seeks Oil Price Curb





AUTO INDUSTRY | By | |

CNNmoney.com - June 9, 2008 - Saudi Arabian Information Minister declares current oil price 'unwarranted,' and seeks to ameliorate the oil controversy.

Jun06

Rising Gas Prices, Drive Down SUV Prices





AUTO INDUSTRY | By | |

fwdailynews.com - June 6, 2008 - SUV prices lower, as SUV demand decreases due to rising gas prices.

Jun05

LeaseTrader.com on KRON 4 News





TV COVERAGE | By | |

Car

Already worried that the $700 Billion bailout plan won't be enough, the Fed has now announced a new plan in its desperate attempts to jump start not only the U.S. economy, but also a global economy that appears to be falling deeper into recession mode. Under the Fed's latest attempt, it will now buy up even more large sums of short-term debt in an effort to provide a spark to the worldwide credit markets.

Companies rely on this short-term debt to finance the investments they m...

Read More...

Jun05

LeaseTrader.com on The Daily Buzz





TV COVERAGE | By | |

Car

Senator Barack Obama and Senator John McCain square off again for their second debate at Belmont University in Nashville, Tennessee. It will mark their second head-to-head debate in which they discuss important issues facing American voters. This debate will be more of a town hall-style debate, which will basically be smaller and more intimate compared to their first debate.

The debate will be aired on all the major networks, including ABC, FOX, CBS, NBC, CNN, MSNBC and FOX Ne...

Read More...

Jun03

May Auto Sales Look to Another Decline





AUTO INDUSTRY | By | |

BusinessWeek - June 3, 2008 - Auto Sales continue to decline, predicting the worst numbers in a decade.

Jun03

Economic Crisis Due to Housing Market and Rising Oil Prices





AUTO INDUSTRY | By | |

CNNMoney.com - June 3, 2008

Jun03

Customers Decide to Not Car Shop





ONLINE MEDIA | By | |

As you might have seen in a previous posting I’ve falled into line with the high-tech movement and purchased a (small) HDTV with fund from our rebate check.

It’s opened my eyes to the nonsensical nickle-and-diming the television/satellite industry does to lure us into the better-sharper-crisper game.

Still, I found it less a surprise that in this rebate-driven market that those who are considering spending their new-found wealth are not likely to do it on a new veh...

Read More...

Jun02

Despite Gas Prices, Not Filling Up Is A Risk





AUTO INDUSTRY | By | |

The Denver Channel - June 2, 2008 -

Jun02

New Chevrolet Compact Car This Fall





AUTO INDUSTRY | By | |

AutoWeek - June 2, 2008 - GM will release new Chevy compact car this fall with new fuel efficient 1.4-liter global engine.

Jun02

Tata Completes Jaguar Land Rover Deal





AUTO INDUSTRY | By | |

Business Standard - June 2, 2008 - Tata completes purchase of Jaguar/ Land Rover for $2.3 billion.

Jun02

Tougher Times, Emptier Pockets





PRINT COVERAGE | By | |

The Daily News - June 2, 2008 - As money gets tight, LeaseTrader.com offers customers a way to get out of their pricey car leases.

Jun02

How Economy Affects Media





AUTO INDUSTRY | By | |

American Chronicle - June 2, 2008 - The economic slowdown is also affecting the auto media.

Jun02

New Enticing Car Lease Options





PRINT COVERAGE | By | |

The Dallas Morning News - LeaseTrader.com offers customers a new car leasing option.

Jun02

GM Realizes Need For Changes





AUTO INDUSTRY | By | |

Fortune- June 2, 2008 - GM acknowledges change in gas prices and plans assembly line accordingly.

Jun02

LeaseTrader.com on News 9





TV COVERAGE | By | |

Car

Federal Reserve Chairman Ben Bernanke admitted today that the economy is getting worse, and he hinted that the Fed might be getting ready to make another interest rate cut. Ben Bernanke said that the inflationary pressures had subsided, which basically clears the way for yet another interest rate cut.

Interest rate cuts are usually good for the economy because they make it cheaper for companies to get loans for business expansion. It's almost like pouring fuel on the fire, in ...

Read More...

Jun02

LeaseTrader.com on CBS 47 News





TV COVERAGE | By | |

Car

Banking giant Bank of America isn't immune to the ailing economy. How bad is it for Bank of America? Their shares plummeted 68 percent in their latest earnings announcement. You want to find your local Bank of America branch? Well that's still easy since they're the largest bank in the country. But if you want to find a good dividend, you'll have to look elsewhere.

Bank of America's dividend has been cut in half, and they company is going to raise $10 billion in cash through a...

Read More...