SiriusXM's 'Auto Trends' Talks Trumps 25% New Car Tariffs, 1st Quarter Sales & More with Two Auto Analysts (Two Shows)

 

Steve Fiorani, the vice president of AutoForecast Solutions, and Kevin Tynan, the director of research for The Presidio Group, joins Auto Trends with JeffCars.com, a syndicated multicultural automotive program, to analyze first quarter sales and what it means to consumers and the industry.

Auto Analyst Kevin Tynan Talks To 'Auto Trends' About Car Sales, Prices And More

 

Kevin Tynan, the Presidio Group's director of research, joins Auto Trends with JeffCars.com to analyze both the new and the used car markets, sharing what consumers are paying. 

Tynan will also discuss why for the first time there is a whopping $20,000 spread between the pricing of new and used vehicles. 

Tune In To SirusXM and Other Outlets

IIHS Safety Testing: Two Popular Large SUVs Fall Short On Crash Tests (VIDEO)

 

The Insurance Institute for Highway Safety recently evaluated the crash worthiness of three large of the most popular SUVs in terms of sales volume. The vehicles tested were the Cheverolet Tahoe, Ford Expedition and Jeep Wagoneer. 

The newly designed Toyota Sequoia and the dated Nissan Armada wasn't included. The Nissan is slated for a redesign in the near future.

'Auto Trends' Auto Analysts Recap The Year, While Forecasting 2022

 

       Auto Analyst Katelyn Drake, LMC-Automotive                   

Auto Analyst Kevin Tynan, Bloomberg Intelligence

Auto analysts Katelyn Drake and Kevin Tynan of the Detroit-based LMC-Automotive and New Jersey-based Bloomberg Intelligence, respectively, talks year-end review and 2022 automotive projections. 

2019 Lexus ES 350 Ultra Luxury: A New Design Broadens The Brand's Oldest Model Appeal

Highlight: The seventh-generation ES 350 rides on the same platform as the Toyota Avalon.

Vehicle’s MSRP: $53,742 (Base model: $40,775)

Seating Capacity: Five

Standard Safety Features: ABS; airbags; a tire pressure monitoring system; traction control system; a pre collision safety system; a post collision safety system; a lane departure warning avoidance system; an emergency braking system; a radar-activated cruise control system; and a rearview camera 

The Korean Brands Take Top Billing Again For Highest Quality In JD Power 2019 New Car Study

The all-new Genesis G70 is one of the top models in terms of quality for the 2019 model year.

Earlier this week, the quality gurus from J.D. Power released their annual ranking of top new models and brands based on the first 90 days of ownership. The survey was based on surveying owners who purchased brand new 2019 models. 

For the second consecutive year, the Korean brands grabbed the top three spots. Genesis, which is the most recent luxury brand to hit the streets, competes head on with such established makes as Mercedes-Benz, BMW and Lexus. Genesis garnered the number one spot, as a brand, for the 2019 model year. Some critics might say that its a low-volume brand, with only three models in its portfolio, and they have no reason to have shoddy quality. 

Editor's Commentary: Stretching Car Notes Into 'Car Mortgages' Is Leading To More Buyers Being Late On Payments

We all have wants and desires. About a decade ago I penned an article for a national financial publication on consumers steering into ‘Car Mortgage’ territory. The coined term is still appropriate today, as the average transaction price of a new car climbing to approximately $36,500.

Airing Today On SiriusXM's 'Auto Trends' Part-One Of A Two-Part Series On Credit And Car-Buying With Experian Credit

Over the next two weeks, we have credit and finance experts from Experian, one of the three major credit reporting agencies, who will be joining us to talk one-on-one about everything you ever wanted to know about credit. We dispel all of the myths.

This week's show will appeal to young adults looking to establish credit to more seasoned adults who have faced bankruptcies and divorces to those with thin credit files looking to get back on track. 

From now until Monday, November 26, you can access the SiriusXM app to hear the show for free.  

New shows air every Friday. Encore broadcasts can be heard every Sunday and Monday. 

Before Buying A Vehicle: The Right Steps To Steer The Process

Editor Jeff Fortson is conducting a live car-buying clinic.

Women influence more than 85 percent of car purchases and this group purchase close to 50 percent of all new vehicles based on industry data. In fact, in Essence Magazine March’s 2014 collector’s issue, featuring Oprah on the cover, Jeff Fortson, editor of this site, put together an extensive car-buying guide. You can access the online edition, clicking on essence.com/digitalaccess for a 30-day no obligation free subscription.

Marc Bland, who is a multicultural research guru for IHS, revealed to Jeff Fortson that in 2013 black women purchased 49 percent of new vehicles in their household. This group new vehicle purchases is at a higher rate than any other women demographic. No pun intended, however, automotive executives and marketing gurus realize women and minorities are the key to driving more sales to the street. 

Within the past decade or so, there have been a lot of studies supporting what many of us knew is that women and minorities continue to pay more for a vehicle regardless of income, educational attainment and/or gender. A study conducted in the Chicago area in the 90s revealed African American males were paying more than every other group that made automotive purchases.

Women's Car Study: Different Ethnicity, Different Preferences (Part II)

Source: R. L. Polk  ( To enlarge the chart, click on it.)

The table above identifies the Top 5 vehicles selected by women for each ethnic group, plus the top European and domestic selections for each group. You will quickly notice the Top 5 list is dominated by Toyota, Honda, Nissan and Hyundai respectively. With Hyundai getting the nod via support from the Korean and African American women.

To view Part I of  our Women's Car Study: Different Ethnicity, Different Preferences, click here. 

Women's Car Study: Different Ethnicity, Different Preferences (Part I)

The VW Jetta is the top European model with both African American and Hispanic women.  

The BMW 328 is the top European model purchased by Indian women.

The Mercedes-Benz S-Class is the top European model purchased by Asian women.

Not only are women making waves in corporate America, but this group, specifically ethnic women are steering today's car sales. Ethnic women have increased their new-vehicle purchase share 4.7 percentage points, moving from 40.7% in 2006 to 45.4% in 2010. This growth is nearly double the rate of white women overall, according to R. L. Polk. In fact, Indian women purchase more vehicles than their male counterparts. And Asian women aren't too far behind their male counterparts, purchasing nearly 49 percent of new-vehicles in their community. Forty-eight percent of African-American women and 41.6% of Hispanic women make new-car buying decisions.

Ironically, Asian women are more than likely to support their own brands (Honda, Toyota, Hyundai, Kia) since domestic (GM, Ford and Chrysler) vehicles are not high on their shopping list. Conversely, Hispanic and African American women are helping to drive the sales of the domestic makes.

Stay tuned for Part II of this revealing study.

Background Info About Jeff And JeffCars.com

Jeff Fortson is the host and the executive producer of the only and longest running syndicated multicultural automotive radio program in the industry, Auto Trends with JeffCars.com. The weekly program, which airs on SirusXM and several traditional radio outlets, includes one-on-one conversations with many of the industry's pioneers and influencers. 

Fortson, who considers himself to be a student of the business, has worked for the Chrysler Corporation and several dealerships. Currently he serves as the editor of JeffCars.com, an educational car-buying website with a new-car pricing guide and configurator. 

In addition to JeffCars.com, the car fanatic has also penned several extensive car-buying guides throughout the years for Black Enterprise, Ebony and Essence, three of the premier magazines in the Black community. Thus, this makes him the only auto writer who has contributed to all three magazines.

Moreover, in April 2009, Essence recognized him as a "The top guru for sound car-buying advice." His contributions and articles have also appeared in The Washington Post, Jet, Bet.com, BlackAmericaWeb.com and Aol.com. 

In fact, he was tapped in 2009 by AOL's BlackVoices.com to author a new blog, bvAuto. Added to that, he has appeared on such programs as CNN and NPR, serving in the role of an automotive analyst. 

Furthermore, he created a car-buying clinic, which is copyrighted with the Library Congress, as a means to combat predatory auto lending practices with minority consumers.

Lastly, Fortson has partnered with several schools throughout the years to create minority outreach educational school programs centered around STEAM (Science, Technology, Engineering, Arts and Math) and financial literacy.