Tag: car repair

Four Repairs Car Owners Need to Make or Face Being Ticketed

Many dri­vers may feel that they don't have the time or mon­ey to address vehi­cle repairs imme­di­ate­ly, but be aware that ignor­ing some repairs can get you pulled over and even tick­et­ed, says the Car Care Coun­cil.

Nearly 60% of Vehicle Service Contract Buyers Enjoy Peace of Mind

Many Amer­i­can dri­vers who have to pay for unex­pect­ed, major car repairs could be at risk of fac­ing costs they can­not afford. Fifty-one per­cent of con­sumers report­ed pay­ing for major vehi­cle repairs in the last five years, accord­ing to a sur­vey of more than 2,000 Amer­i­cans con­duct­ed online for Ally Finan­cial by The Har­ris Poll. Of con­sumers who report­ed pay­ing for repairs, four in five (80%) said they spent $500 or more, and near­ly three in five (58%) said they spent $1,000 or more. One in three (33%) said they spent $2,000 or more.

Over 70% of Home and Auto Owners Don’t Have a Plan to Handle Surprise Maintenance Costs

Bud­get­ing for month­ly expens­es like gro­ceries and util­i­ty bills is a no-brainer, but accord­ing to a new study con­duct­ed by Lib­er­ty Mutu­al Insur­ance, Amer­i­cans aren't bud­get­ing for essen­tial home or car main­te­nance. The research found that the major­i­ty (80%) of home­own­ers and (74%) of auto own­ers don't have a plan or bud­get in place and tend to pro­cras­ti­nate or deal with home and car main­te­nance issues as they arise. In fact, almost half of Amer­i­cans (48%) have less than $1,000 saved for home main­te­nance issues or repairs and one in three have no mon­ey saved. When it comes to auto main­te­nance, the major­i­ty of Amer­i­cans (60%) are sav­ing less than $500 and more than one-fourth aren't set­ting aside any mon­ey at all.

Auto Parts Retailers Experience Healthy Sales Growth As Consumers Make Repairs to Keep Aging Vehicles on Road Longer

Auto parts retail­ers are ben­e­fit­ing from con­sumers now mak­ing good on their inten­tions to keep their aging vehi­cles on the road longer, after defer­ring repairs for the last two years. Accord­ing to auto­mo­tive after­mar­ket research by The NPD Group, auto parts retail­ers expe­ri­enced a sev­en per­cent growth in dol­lar sales for year-to-date April 2010 ver­sus a year ago. The top five hard parts cat­e­gories, based on unit vol­ume per­cent change for year end­ing April 2010, are sus­pen­sion, appli­ca­tion elec­tri­cal, cli­mate con­trol, brakes, and dri­v­e­line.