The Insurance Institute for Highway Safety said today that it is strengthening the requirements for its Top Safety Pick and Top Safety Pick+ awards in 2023 by wanting better side crash protection and improved pedestrian crash prevention systems and eliminating weak headlights from the field of qualifying vehicles. (Award Winners click here)
The biggest change to the criteria for both awards is the replacement of the original IIHS side crash test with the updated evaluation launched in 2021. The updated test involves 82% more energy than the original test. Vehicles must earn an acceptable or good rating to qualify for Top Safety Pick, while a good rating is required for the “plus.” Notably absent from the highest Plus rating are products from what were once called the Detroit Three makers thus far. Continue reading










Recession? US Consumer Auto Spending at Record Levels
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New-vehicle sales in the US for February, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022, according to a joint forecast from J.D. Power and LMC Automotive* just released. (autoinformed.com on: January US Vehicle Sales Up as Transaction Prices Hit Record)
Retail sales of new vehicles this month are expected to reach 907,900 units, a 0.1% increase from February 2022. New-vehicle transaction prices continue to rise, with the average price reaching a February record of $46,229, a 4.8% increase from a year ago. Consumers are forecast to spend ~$42.0 billion on new vehicles this month—the most ever for the month of February and an increase of 5.0% from February 2022, as the Biden Administration economic recovery continues. Continue reading →