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There Are Several Advantages to Buying a New Car

The new car market is packed with plenty of exciting vehicles. Here are some of the advantages of choosing to purchase a brand new ride.

The majority of new cars come with a very lengthy warranty. In fact, some vehicles are backed by a 100,000-mile powertrain warranty. If the vehicle develops a problem during the warranty period, the automaker will cover the cost of the necessary repairs. This helps the car owner save a lot of extra money in the long run.

Oftentimes, an older vehicle will suffer from a lack of modern features. While some of these features are designed to increase comfort, there are others that enhance the vehicle’s safety. A few of the most intriguing features to hit the market include blind-spot monitoring, rearview cameras, Bluetooth connectivity, LED daytime running lights and touchscreen interfaces.

With the proper maintenance, a new car should last longer than a used vehicle. Although a new car will be test-driven by a few people, the total mileage will still be very low. This is a big advantage to motorists who plan on keeping their vehicle for a long time.

Although used vehicles have a lower price tag, new cars are provided with better financing rates. Some car dealerships also offer various deals throughout the year. For example, the offers 0% APR financing. This helps to relieve some of the financial burden of owning a new car.

Automakers typically make gradual improvements to a vehicle. Although every case is different, a new vehicle should be better than the outgoing model. This is especially true for vehicles that have been completely redesigned.

The entire experience of shopping for a new ride can be very exciting. It is actually a dream come true for some drivers.

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New 2015 Corvette ZO6 is a beast

The Detroit Auto Show has had plenty of cars generating buzz, but the all-new 2015 Corvette ZO6 is getting plenty of well-deserved attention. The new Corvette Stingray is impressive on its own, particularly with the ZR1 package. But now track afficionados will have even more performance with the new ZO6. This is now a well-established tradition with Corvette and it's a natural addition to the new C7 lineup. For the money, you won't get better performance anywhere in comparison to the Corvette lineup of cars. The ZO6 starts to rival some of the supercars out there.

Many of the modifications might appear to be subtle but they help to create incremental improvements in performance. You'll see some minor changes to the exterior of the Corvette, including a wider back side. But it looks very similar to the Stingray.

If you love sports cars, see this one in person and then set up an appointment to drive the ZO6 along with the Stingrays. You'll come away impressed.

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Ford reveals 50th Anniversary Mustang

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The wait is finally over. Ford has revealed the all-new 2015 Mustang which will celebrate the 50th anniversary of this iconic nameplate. Ford had achieved great success with the current version of the Mustang with its retro design, so the bar was set very high with this new redesign. Opinions will likely vary, especially among purists who are very hard to please. In many ways this design is more evolutionary and incremental as opposed to something radical. It looks like the current body style was simply modified to look more modern and more like the rest of the current Ford lineup. Still, it's unmistakably a Mustang, and that should please many fans.

The front view of the vehicle offers the most noticeable design change with the more modern looking headlamps. The front facia still looks like a Mustang, but now we're seeing something more like the uninspired looks of the car from the 1990s. Meanwhile, the fastback rear end seems like the most aggressive part of the new vehicle and may save the overall design.

Some on the fan message boards are deriding the new design as looking like an Accord Coupe, but there was no way Ford was going to get a more modern design without getting some of this negative criticism. The retro Mustang was a massive hit, but it had lost its sales lead to the new, retro Camaro. Ford had to move on and the 50th anniversary offered the ideal opportunity.

The design provides a lower, wider stance with a reduction in roof height and wider rear fender. The return of Mustang fastback with a sleeker profile enabled by more steeply sloped windshield and rear glass.

Ford sees the new Mustang as a world car, so they will be aggressive about marketing this American icon overseas. Also, there are plenty of improvements to the vehicle as well that will please consumers.

The Mustang will now be available with three engines – a more powerful 5.0-liter V8, a 3.7-liter V6 and an all-new fuel-efficient 2.3-liter EcoBoost engine. With the emphasis these days on gas mileage that should help the vehicle appeal to a broader audience. The robust 5.0-liter V8 available in the Mustang GT will feature an upgraded valvetrain and cylinder heads that yield more than 420 horsepower and 390 lb.-ft. of torque. The standard 3.7-liter V6 will have at least 300 horsepower and 270 lb.-ft. of torque. Meanwhile, the Mustang EcoBoost engine uses direct injection, variable cam timing and turbocharging to provide both power and projected segment-leading fuel efficiency. Output is projected at more than 305 horsepower and 300 lb.-ft. of torque. It will be interesting to see the sales breakdown and how these engines feel in terms of power.

Ford is emphasizing that the new Mustang will be more nimble with better handling. The goal was to surpass the handling dynamics achieved in the recent Boss 302. Ford explains that the new Mustang features all-new front and rear suspension systems. At the front, a new perimeter subframe helps to stiffen the structure while reducing mass, providing a better foundation for more predictable wheel control that benefits handling, steering and ride. At the rear is an all-new integral-link independent rear suspension which might not please some of the purists. The vihicle has been modified and tuned for this high-performance application.

This new Mustang will generate considerable buzz and we'll see how fans react when it goes on sale next year.

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Hyundai announces pricing for 2014 Equus

Hyundai Motor America announced pricing today for the refreshed 2014 Hyundai Equus during a media event at its Ann Arbor, Michigan facility. The Equus comes in two model options - the Signature and the Ultimate. The Equus Signature has an MSRP with freight of $61,920, and the Equus Ultimate has an MSRP with freight of $68,920. Hyundai expects a sales breakdown of 70/30 between the Signature and the Ultimate.

Hyundai has positioned Equus as a competitor in the high end luxury segment, with vehicles like the Lexus LS460 and Mercedes S550 seen as the primary competitors, and the BMW 750i, Audi A8 and Cadillac XTS seen as secondary competitors. Hyundai's strategy has emphasized packing the Equus with safety and technology features buyers are looking for in luxury vehicles and then making them standard in the Equus, while offering a price point that is roughly $30,000 less than comparably equipped target competitors. The emphasis on buyer experience has also helped Equus, with features like a dedicated Equus premium ownership champion at each dealership, at-home vehicle demonstrations branded under “Your Time, Your Place,” a valet service program with pickup and delivery on a flat bed truck with service loaner vehicle dropoff and a 3-year/36,000 mile no-cost maintenance.

John Krafcik, president and chief executive officer of Hyundai Motor America, said he's been very pleased with Equus sales since the launch of the vehicle, noting that many auto analysts were skeptical that Hyundai could even compete in this space. Krafcik pointed to the 2013 year-to-date market segment numbers for Equus of 5.5%, which is greater than Hyundai's overall brand share. He also pointed out that Equus scored highest among the luxury brands in the 2013 J.D. Power Customer Service Index Study.

Like other Hyundai brands, Equus sales are being held back by Hyundai's capacity issues. When asked whether Hyundai would be adding production capacity, Krafcik declined to comment, though it should be noted that in the past he was quick to squelch any notion of new production facilities. With the American car market rapidly bouncing back near pre-recession levels, Hyundai is likely reconsidering its ultra-cautious approach to production capacity in order to take advantage of increased demand. Krafcik noted that Hyundai's overall market share in the US has contracted a bit to 4.7% in 2013 due to those production constraints. Demand is not the problem, as Hyundai has among the lowest inventory and days supply levels in the industry. Hyundai's incentive spend remains among the lowest in the industry second only to Subaru. With these statistics, it appears that Hyundai can easily absorb more capacity, though auto executives have to look years ahead, and the volatility of the past seven years has to be taken into account.

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