Archive for the ‘Industry News’ Category

J.D. Power and Associates Reports:
While Many New-Vehicle Buyers Express Concern for the Environment, Few are Willing to Pay More for An Environmentally Friendly Vehicle

Thursday, March 6th, 2008

Westlake Village, CA — Although many new-vehicle buyers may want to purchase an environmentally friendly vehicle, only 11 percent are “very willing” to pay more to do so, according to the J.D. Power and Associates 2008 Power Auto Offline Media Report℠ — Spring Edition.

The study finds that, in particular, new-vehicle buyers who express a strong willingness to pay more for environmentally friendly vehicles are more likely to be female and are highly educated. The concentration of consumers who express willingness to pay extra for an environmentally friendly vehicle is highest in the western United States and lowest in the Midwest. According to the study, among these environmentally conscious consumers, approximately one in 10 actually purchased a new hybrid vehicle. (more…)

Diesels Set to Out-Strip Hybrids in Accelerating US Growth

Thursday, May 24th, 2007

With US regulators looking to revise fuel economy standards amid concerns for energy security and greenhouse gas (GHG) emissions, research published today by UBS and Ricardo points to combined annual diesel and hybrid gasoline vehicle sales in the US of 2.7 million by 2012. The Ricardo/UBS research report “Is Diesel set to boom in the US?” sets out the legislative and consumer drivers of engine technology for the North American automotive market over the coming decade, as well as the many candidate technologies available for future vehicle products.

At present, hybrid gasoline technology appears to be the preferred route in the US, not least due to its attraction as a visible badge of green awareness amongst higher income purchasers. (more…)

U.S. Department of Transportation Secretary Mary E. Peters Announces A Substantial Life-Saving Technology For All New Passenger Vehicles

Thursday, April 5th, 2007

In a move that could ultimately save up to 10,000 lives each year on U.S. roadways, the nation’s top transportation official today announced plans to make new crash prevention technology standard equipment on every new passenger vehicle sold in America by 2012.

U.S. Transportation Secretary Mary E. Peters and National Highway Traffic Safety Administrator Nicole R. Nason announced the final rule to require the Electronic Stability Control (ESC) on all new passenger vehicles during a tour with auto makers at the New York International Auto Show today. ESC uses automatic computer controlled braking to keep drivers from losing control on slippery roads or in emergency maneuvers, in many cases preventing deadly rollovers from occurring. (more…)