Latest News From Bumper Radio

(WASHINGTON, March 7, 2016) The national average price jumped six cents on the week, the largest one week increase since the beginning of the year. Today’s average price is $1.81 per gallon, and the national average is likely to continue to move higher due to spring turnaround activity and reductions in supply in select regional markets. Drivers are paying six cents more per gallon to refuel their vehicles versus one month ago; however, significant yearly discounts remain and pump prices are down 65 cents on the year.

In advance of the busy summer driving season, refineries typically undergo scheduled maintenance during the first two quarters of the year. This year’s spring turnaround has been characterized by lower-than-expected prices, which has prompted a number of refineries to adjust their maintenance schedules and/or cut production in response to abundant supplies. Refineries are also reportedly beginning to reduce production in preparation for the seasonal switchover to summer-blend gasoline. Prices generally move during this time of year and the impact of this shift in schedule, combined with other seasonal factors, may cause prices to swing at the regional level at a faster rate than normal as supply and demand seek balance. The lower price of crude oil and abundant supplies should keep a ceiling on how high gas prices move in the coming months, and barring any unexpected disruptions in supply, drivers should continue to benefit from relative savings at the pump.

Consumer Information on Takata National Air Bag Recalls

The recall of defective air bag inflators made by Takata now involves 14 vehicle manufacturers and millions of U.S. vehicles. The defective inflators, which are supposed to produce gas that fills air bags to protect vehicle occupants in the event of a crash, can create excess pressure that causes the inflator to explode, sending metal fragments flying into the passenger compartment, which can cause serious injury or death. Since May 2015, when Takata acknowledged that some of its inflators were defective and a risk to safety, NHTSA has been working to organize and speed-up the recall repairs, which constitute the largest and most complex safety recall in U.S. history. The most recent expansion of the recalls, announced January 22, involves more than 5 million inflators, bringing the total to more than 28 million inflators under recall in the United States. NHTSA is coordinating and accelerating the recalls to ensure that every American vehicle has a safe air bag as quickly as possible, and has issued Takata the largest civil penalty in NHTSA history for failing to disclose the defects in its inflators and for providing NHTSA with selective, incomplete, or inaccurate data about its inflators. Consumers can consult this page for updates on the progress of the recalls, for a list of affected makes and models, and for the latest NHTSA actions to address Takata’s defective inflators and protect the American public.

LONDON, March 8, 2016 /PRNewswire/ -- ABI Research, the leader in transformative technology innovation market intelligence, forecasts shipments of new cars featuring autonomous parking technologies to grow at 35% CAGR between 2016 and 2026 and for revenues to likewise show growth at 29.5% CAGR.
  
ABI Research identifies three phases of autonomous parking, with each successive stage set to gradually displace the former and all three coexisting to some degree over the next decade. Ultimately, technology will reach a point in which the car parks itself entirely, with no driver assistance or presence within the car required. In Phase 1, the car will provide steering assistance with the driver still inside the vehicle and in control. Phase 2 shows autonomous parking with the driver outside the vehicle but still in control, and Phase 3 introduces autonomous valet parking in which the driver leaves the vehicle at the entrance of a car park. The car then parks itself and waits for the driver to summon it when it's time to leave.

(WASHINGTON, March 14, 2016) Gas prices have jumped by 12 cents per gallon this week, which is the largest weekly increase since early March 2015. Prices increased by double digits due to a decline in gasoline supplies, relatively strong demand and continued refinery maintenance. The national average has moved higher for 18 of the past 20 days for a total of 23 cents per gallon, and today’s price of $1.94 per gallon is the highest average in two months. Relatively low oil costs continue to provide drivers with year-over-year savings at the pump, and consumers are saving 50 cents per gallon compared to this same date last year.

Prices typically move higher at this time of year as gasoline demand begins to increase and refineries conduct seasonal maintenance. This year’s refinery maintenance season is characterized by lower-than-expected prices for crude oil and ample supplies, which should help keep pump prices relatively low compared to recent years. Prices in some regions may move significantly higher in the near term due to fluctuations in local supply and demand associated with continued maintenance and preparations for summer-blend gasoline in advance of the June 1 deadline for retail facilities to sell the cleaner blend.

WASHINGTON – The U.S. Department of Transportation’s National Highway Traffic Safety Administration will hold a pair of public meetings this spring to gather input as it develops guidelines for the safe deployment of automated safety technology. The meetings, to be held in Washington, D.C., and California, will gather information on a series of issues related to safe operation of automated vehicles as part of NHTSA’s efforts to provide manufacturers with operational guidance.

“We are witnessing a revolution in auto technology that has the potential to save thousands of lives,” said Transportation Secretary Anthony Foxx. “In order to achieve that potential, we need to establish guidelines for manufacturers that clearly outline how we expect automated vehicles to function – not only safely, but more safely – on our roads.”

BEDFORD HILLS, N.Y., March 16, 2016 /PRNewswire/ -- The Finest Automobile Auctions, a new auction house focused on delivering the finest experience for collector car enthusiasts, and Proxibid, the world's most trusted way to connect buyers and sellers of highly valued items, have partnered to bring together some of the most sought-after collector cars available at auction with the most sophisticated online bidding solution to ensure collectors from across the globe can bid and buy with confidence. The Finest Automobile Auctions will make its live auction debut at The Elegance at Hershey, one of the most important Concours events of the season, on Saturday, June 11 at 1:00 pm Eastern. Live online bidding for this auction will be available via Proxibid.
  
"As the Chairman of the Board of the Elegance at Hershey, I am excited to announce our partnership with The Finest and their role as Title Sponsor.  The auction will add another exciting component to what already promises to be a great weekend," said Michael Rich of the Elegance at Hershey.

MCLEAN, Va., March 14, 2016 /PRNewswire/ -- Wholesale used vehicle prices generally rise in February as dealers prepare for increased spring consumer demand. In fact, up to this year, prices had moved higher in February for twenty years straight. The streak came to an end last month, however, as wholesale prices of vehicles up to eight years in age fell by nearly 1 percent from January.
  
In their March Guidelines report covering the U.S. used vehicle market, analysts at NADA Used Car Guide note above average increases in late auction volume likely played a role in February's depressed outcome. Auction volume of 2014 and 2015 models increased by an average of roughly 20 percent from January to February.

As winter winds down and the weather gets warmer, motorists will see more potholes on the roadways and avoiding them can be a real challenge. If you hit a pothole, the non-profit Car Care Council recommends watching for three warning signs to determine if your vehicle has been damaged.

Loss of control, swaying when making routine turns, bottoming out on city streets or bouncing excessively on rough roads are indicators that the steering and suspension may have been damaged. The steering and suspension are key safety-related systems. Together, they largely determine your car’s ride and handling.

Pulling in one direction, instead of maintaining a straight path, and uneven tire wear, are symptoms of an alignment problem. Proper wheel alignment is important for the lifespan of tires and helps ensure safe handling.

(WASHINGTON, March 21, 2016) Pump prices have climbed higher for two straight weeks, and the national average price of gas may soon climb above $2 per gallon for the first time this year. Gas prices have increased largely due to seasonal increases in fuel demand and reduced production as some refineries conduct maintenance.  Today’s average price of $1.98 per gallon is a the highest daily mark since January, and drivers are paying a nickel more per gallon than a week ago and 27 cents more per than a month ago. Despite retail averages rising, consumers continue to benefit from yearly savings and prices remain 44 cents per gallon cheaper than a year ago.

Gas prices tend to reach the highest levels of the year in the spring before the summer driving season. As the weather turns warmer and days grow longer, people tend to drive more, which results in increased demand. Many families also take spring break road trips this time of year, which means they may use more gasoline than normal. This increase in demand comes at the same time that many refineries conduct maintenance to prepare equipment for the busy summer driving season, which leads to a temporary decline in fuel production. In addition, refineries also begin to transition to summer-blend gasoline, which is more expensive to produce, but mandated due to the fact that it is causes less air pollution at warmer temperatures. These factors typically lead to higher gas prices this time of year and have helped push prices higher in recent weeks.

McLEAN, Va. – The U.S. Department of Transportation’s National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety announced today a historic commitment by 20 automakers representing more than 99 percent of the U.S. auto market to make automatic emergency braking a standard feature on virtually all new cars no later than NHTSA’s 2022 reporting year, which begins Sept 1, 2022.

Automakers making the commitment are Audi, BMW, FCA US LLC, Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Kia, Maserati, Mazda, Mercedes-Benz, Mitsubishi Motors, Nissan, Porsche, Subaru, Tesla Motors Inc., Toyota, Volkswagen and Volvo Car USA. The unprecedented commitment means that this important safety technology will be available to more consumers more quickly than would be possible through the regulatory process.

AEB systems help prevent crashes or reduce their severity by applying the brakes for the driver. The systems use on-vehicle sensors such as radar, cameras or lasers to detect an imminent crash, warn the driver and apply the brakes if the driver does not take sufficient action quickly enough.