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Ford Motor Co. is recalling an estimated 1.28 million 2012-2018 Ford Focus compact cars with a 2.0-liter GDI or 2.0-liter GTDI engine because of a fuel system problem.
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Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
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A confidential pitch deck from the startup reveals that Lime is considering renting out the ultra-compact Renault Twizy.
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The recall, set to begin Aug. 21, covers nearly 228,000 vehicles in the 2014-2016 model years.
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Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.
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Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.
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Set to begin June 11, the recall covers more than 25,000 vehicles in the 2014 to 2017 model years.
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The recall affects nearly 33,000 compact cars in the 2016 model year.
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Smaller cars, including sub-compact cars and compact cars, are two of the three vehicle segments displaying the greatest single-month drop in value, according to the recent Black Book Market Insights report.
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The braking problem, resulting from ESC sensor malfunction, triggers a recall affecting 155,000 cars in the 2011 and 2012 model years.
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