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.
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.
A confidential pitch deck from the startup reveals that Lime is considering renting out the ultra-compact Renault Twizy.
The recall, set to begin Aug. 21, covers nearly 228,000 vehicles in the 2014-2016 model years.
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.
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.
Set to begin June 11, the recall covers more than 25,000 vehicles in the 2014 to 2017 model years.
The recall affects nearly 33,000 compact cars in the 2016 model year.
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.
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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