BMW and Volkswagen to focus more on used cars

Posted on June 21st, 2013 No Comments

Due to lower sales numbers for their new cars, both BMW and Volkswagen are refocusing on selling used cars.

As both automakers have seen less and less people purchase new cars, the two companies have turned to their used cars as a way to increase revenue and offer consumers who might not be able to afford these vehicles another option. The two automotive manufacturers plan to offer buyers fast decisions on financing offers and the option to lease used vehicles at a monthly rate that is much lower than that for a new vehicle.

In order to capitalize on the used car market, Volkswagen started the website Leasingboerse. This site allows potential used car buyers to browse a selection of used Volkswagen vehicles available for lease or purchase.

For those looking for an affordable, yet reliable vehicle in Austin, buying a used car is often the best option. At Chapman Motor Sales, we have a wide variety of cars for you to choose from. Visit us today to get started on your search.

Texas Continues to Block Tesla Sales

Posted on June 18th, 2013 No Comments

Tesla is unfortunately still unable to legally sell their cars in Texas. The electric car company operates by selling cars straight to consumers and developing personal service relationships with them. While this kind of business model fits a small company, Texas currently requires all automotive manufacturers to sell their cars through dealerships, a service that Tesla can’t afford as of yet. A bill that would have changed this policy and allowed manufacturers to sell directly to consumers was recently struck down in spite of popular public support.

Texas is not alone in this battle – Tesla is facing similar problems with North Carolina legislators. However, Texas will still be receiving its share of Tesla electric car quick-charge stations, including one between Austin and Dallas, as part of Tesla’s plan to create a cross-country charging network.

In spite of this roadblock, the Texas demand for Tesla-made vehicles and other electric, hybrid, and eco-friendly cars continues to grow. If you’re in the market for a greener vehicle, check out our extensive selection at Chapman Motor Sales either online or at any of our eleven Austin area locations today.

Consumer Reports Ranks 5 Best Used Cars for Teenagers

Posted on June 13th, 2013 No Comments

Consumer Reports, a nonprofit organization dedicated to giving consumers the information they need to protect themselves and make smart purchases, recently released their list of the top five used cars for teenagers. These cars were chosen based on data regarding car performance and subjective insights from the team at Consumer Reports.

Consumer Reports’ list of five used cars that are best for teens focused on more recently produced cars, with all vehicles coming from the 2008-2010 model years, and boast average reliability or better, according to recent survey results from Consumer Reports. As stated by the organization, the top five cars for teens to purchase include:

  • Hyundai Sonata
  • Chevrolet Malibu
  • Volkswagen Jetta
  • Mazda6
  • Ford Focus Sedan

When searching for a used car for your teenager, you can find these and other reliable used cars at one of our eleven Chapman Motor Sales dealerships. Visit us today to begin your search.

Texas Ranked 19th for Car Repair Costs

Posted on June 11th, 2013 No Comments

A recent study conducted by the automotive service website CarMD ranked Texas as the 19th overall most expensive state for car repairs in the United States. The study looked at the average cost of repairs, both labor and parts, for a customer with a check engine light notification. For Texas, the average cost was $364.30, making it cheaper than New Jersey, the most expensive state at $392.99 per repair, but considerably more expensive than Vermont, the cheapest state at only $269.72 per repair, though this statistic is slightly misleading, as the next cheapest state’s repairs cost $310.49.

As this study demonstrates, Texas car owners could certainly be in a worse position when it comes to the costs of repairs. However, it does also show that repairing your car can still be an expensive proposition. Used car owners have an advantage over the owners of newer cars in this regard because a used car’s check engine light repair is often less costly than that of a new one.

At Chapman Motor Sales, our huge selection of reliable used vehicles is perfect for any driver’s needs. If you’re in the market for a used vehicle, stop by one of our 11 locations in the Austin area or visit our website to browse our inventory online.

TrueCar.com Releases List of Incredible Used Car Deals

Posted on June 7th, 2013 No Comments

For many individuals and families in the market for a new-to-them vehicle, used vehicles offer a way to get an incredible vehicle at an amazingly affordable price. However, used cars offer different levels of savings to buyers. Recently, the automobile market tracking website TrueCar.com issued a list of 2- to 3-year-old vehicle models that individuals can buy for close to 50% of the cost of a new vehicle, many of which are luxury vehicles. The five vehicles they highlighted include:

  • Mercedes-Benz CL-Class — 43.3% savings compared to a new vehicle
  • Land Rover Range Rover — 46.8% savings compared to a new vehicle
  • Lincoln MKZ — 46.9% savings compared to a new vehicle
  • Chevrolet Impala — 47% savings compared to a new vehicle
  • Volvo S80 — 48.1% savings compared to a new vehicle

If you are in the market for a new-to-you car, Chapman Motor Sales has an impressive selection of vehicles, ensuring we can help you find the right car for the right price. To see our inventory, stop by any of our Austin area locations, or check out our complete vehicle inventory online.

 

Tips for buying a used hybrid vehicle

Posted on June 6th, 2013 No Comments

When buying any vehicle, there are many factors that must be taken into account. This is true for used cars, especially hybrid vehicles, which have recently entered the used car market in greater numbers.

As used hybrid cars can save you a great deal of money, both in the short term with a decreased purchase price and lower insurance rates, and in the long term with decreased gas costs, these types of vehicles are smart buys for those in need of a new-to-them car. If you are looking to buy a used hybrid car though, make sure to consider the following:

  • Have the car inspected by a knowledgeable auto mechanic who has experience with hybrid vehicles
  • You may have to purchase a new battery for the car, which will add to the price, if the car is more than five years old and has been driven over 100,000 miles
  • Check the maintenance records of the car. Hybrid cars typically have brakes that last longer, so a higher number of brake replacements or repairs may be a sign that the car was driven roughly and could be worn down in other parts

At Chapman Motor Sales, each of our 11 used car dealerships have a wide range of used cars from which to choose. Stop by any location to begin browsing for your new car.

Used Car Costs at Three-Year Low

Posted on June 4th, 2013 No Comments

According to Kelley Blue Book, the prices of used cars hit a three-year low this spring, as the boom in new car sales has helped to ease demand in the used car market and new car-buyers offload their used vehicles. In April, the price of a one year-old used car was only 81.5 percent of the cost that the same car would be if it were new, a savings of more than $100 per month on a five-year car loan.

Encouragingly, the new car market doesn’t appear to be losing steam anytime soon. May was another strong month for car sales, and analysts continue to forecast strong growth in the new car market. As a result, used car costs may be expected to continue to remain low for the foreseeable future, making now a great time to buy a used vehicle.

Chapman Motor Sales offers an extensive selection of used cars for all needs and budgets. If you’re looking at buying a car, stop by one of our 11 Austin-area locations or browse our inventory online to find the right vehicle for you.

Tesla Plans to Build Electric Car Charging Stations across Nation

Posted on May 31st, 2013 No Comments

Electric car manufacturer Tesla Motors Inc. has announced plans to build a network of high speed electric car charging stations across the United States, making it possible to travel cross-country by electric car. Currently, Tesla runs 8 electric car charging stations across the United States, and plans to triple that number by the end of this month, with plans to reach 100 stations within the year.

While there are many benefits to electric cars, one of the greatest drawbacks that many cite to these vehicles is the relative lack of time a car can go without a charge. With an increased number of quick-charging stations, individuals now might be able to take their electric vehicles on trips across the US and even into Canada.

Another critique of these vehicles is the price tag on new models. Fortunately, with considerable growth in the electric car market, more and more used electric cars are becoming available. If you are looking for an electric, hybrid, or other eco-friendly used vehicle, check out the incredible selection of vehicles available at Chapman Motor Sales. You can check out our impressive selection of vehicles online, or stop by any of our Austin-area dealerships and let us help you find the right car at the right price.

Used cars and Obama’s fuel-economy rule

Posted on May 30th, 2013 No Comments

A research study published by Mark R. Jacobsen and Arthur A. van Benthem through the National Bureau of Economic Research in May suggests that Obama’s fuel-economy rules will be approximately 13-23% less effective than intended due to used cars being on the road.

In August, Obama and his administration announced that all passenger cars made by 2025 must average at least 54.5 miles per gallon. While his administration believes that this new fuel-economy rule will save about 2.2. million barrels of oil for the U.S. per day, this may not be the real number. According to Jacobsen and van Benthem’s study, the scrappage rate of older vehicles is likely to make that number lower.

In fact, according to the new study, people are predicted to keep vehicles around longer if new car prices should rise or the price of gas increases.

Fortunately, you can easily find used cars that are in excellent condition and have great gas mileage at any of our 11 Chapman Motor Sales locations. Call today to speak with one of our used car experts about the vehicles we have available.

Economists Expect Another Strong Month for Vehicle Sales

Posted on May 29th, 2013 No Comments

May sales for new cars in the United States are expected to continue the trend for strong vehicle sales that 2013 has so far seen. According to industry estimates, sales should increase around 8% for the month, with total vehicle transactions approaching 1.43 million units. At this pace, auto sales in the United States are expected to top 15 million for the year, an excellent number that demonstrates the continuing health of the U.S. auto market and the economy as a whole.

These new car sales numbers also bode well for buyers in the used car market because as many as one in three new car purchases involve a trade-in of an older vehicle, increasing the supply and variety of cars available to used car shoppers. This can help to lower prices and improve value for consumers, both highly positive outcomes for used car buyers.

At Chapman Motor Sales, we have an extensive selection of used vehicles in a wide variety of makes and models, sure to meet the needs of any individual or family. If you’re in the market for a used car, visit one of our 11 Austin-area locations or browse our inventory at our website today.

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