NWautos: Seattle's local source for new and used autos


February 12, 2012 1:00 AM

Dealer group sees auto prices going up; Britain ups production


(The Associated Press)

Dealer group: Car prices, sales to go up
Car buyers will likely pay more for new and used autos this year as the economy improves. That's according to the National Automobile Dealers Association, which predicts that the average price of a new car will rise 6 percent to $30,000. Used prices will jump as much as 8 percent for pickups and SUVs. The average price of a used small car, like the Honda Civic, will increase 1 percent to $9,475. More people are expected to splurge on new luxury cars, while used cars will remain in tight supply. NADA chief economist Paul Taylor expects U.S. vehicle sales to rise 9 percent to 13.9 million this year. New products and low interest rates should help boost sales.
The Associated Press



Foreign firms boost Britain's car industry
Britain's auto industry, which lost its last major homegrown manufacturer in 2005, is back among Europe's top producers following an Asia-inspired revival led by Japan's Nissan and Tata Motors of India. Britain built 1.34 million cars in 2011, a 6 percent gain, ranking it fourth in Europe and narrowing the gap with France and Spain. Estimated output of 1.45 million autos this year would be more than double the total in Italy, home to Fiat.

Nissan announces new $2 billion plant in Mexico
Nissan recently announced it is investing $2 billion to build a new manufacturing plant in Mexico. It will be the Japanese company's third in the country, helping it serve markets throughout the Americas. Construction of the plant in the northern state of Aguascalientes will begin this summer and production should start by the end of next year, according to a company statement. The plant is projected to have the capacity to produce 175,000 vehicles a year, focusing on "B'' platform vehicles. Those include the Versa, March and Tiida.
The Associated Press