BUSINESS
April 10, 2012 | By Ronald D. White, Los Angeles Times
Diesel prices are at their highest level in nearly four years, topping $4 a gallon, but trucking company executive Fred Johring is taking it in stride. Johring's Golden State Express has bought low-emission, fuel-efficient diesel and natural gas rigs to comply with a clean-truck mandate at Southern California's twin ports — with the fortunate side effect of easing the pain of high-priced diesel. "We went from having one of the oldest local fleets to one of the newest," said Johring, whose Rancho Dominguez company sends trucks mainly on short-haul trips to and from the ports of Los Angeles and Long Beach.
BUSINESS
April 3, 2012 | By Jerry Hirsch, Los Angeles Times
Look to General Motors Co.'s March sales numbers to see how Americans are adjusting to higher gas prices. The once truck-centric Detroit automaker said that combined sales of its 12 vehicles that achieve an estimated 30 miles per gallon or better on the highway, under U.S. Environmental Protection Agency standards, topped 100,000 last month, the highest total in company history. "Three years ago, about 16% of the vehicles GM sold achieved at least 30 mpg on the highway. Today, that number is about 40%," said Mark Reuss, president of GM North America.
BUSINESS
April 3, 2012 | By Jerry Hirsch, Los Angeles Times
Automakers posted the best monthly sales in almost five years, selling about 1.4 million vehicles in March as more confident consumers surged into showrooms looking to replace older vehicles and find more fuel-efficient ones. The sales total was 12.7% ahead of the same month last year and amounted to an annual sales pace of 14.4 million vehicles, after seasonal adjustments, according to industry research firm Autodata Corp. The March total was the best since the industry sold 1.47 million vehicles in August 2007.
BUSINESS
March 31, 2012 | By Jerry Hirsch, Los Angeles Times
Toyota Motor Corp. is raising prices on six models starting with vehicles produced in May. Depending on the model, the increase of $90 to $250 represents a hike of 0.3% to 1.5%. The models receiving price increases include the 2012 Toyota Prius v, Camry and Camry Hybrid, Highlander Hybrid, Tacoma pickup truck and the 2013 Scion tC. They are all fuel-efficient vehicles, which so far this year have been the hottest segment of the U.S. auto market, a reflection of how higher gas prices have shifted consumer preferences.
BUSINESS
March 19, 2012 | By Jerry Hirsch
Just as in past gas spikes, the prices for used compact cars and hybrids are starting to rise quickly, according to auto information company Kelley Blue Book. While the average price of used fuel-efficient compacts at auction rose just a modest 0.4% in February, the values jumped 1.3% in the last week of the month. Hybrid prices rose by 3.6% in the last week, Kelley Blue Book said. “The 2010 Toyota Prius led in gains, increasing in value $1,370 through the month of February,” said Alec Gutierrez, an analyst at Kelley Blue Book. “Dealers have been aggressively bidding on fuel-efficient vehicles at auction as consumer demand increases in response to rising gas prices.
BUSINESS
March 14, 2012 | By Jerry Hirsch, Los Angeles Times
With national gasoline prices averaging about $3.80 a gallon and above $4 in many states, consumer auto information sites are taking a new look at the fuel economy of vehicles and making recommendations. Edmunds.com has a report about the vehicles that have made the biggest leaps in fuel efficiency, and the gains are pretty startling. It's obvious the automakers know that gas prices are top of mind with consumers. Edmunds looked at the fuel economy of vehicles in the 2008 model year and again this year.