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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

The Fixed parking-ticket app: Not so great?

Remember Fixed, that shiny new app that was supposed to be for parking tickets what Uber was for taxicabs and a microwaved burrito was for fast-food convenience? It might not be so great, says the Los Angeles Times, citing statistics that show you might be better off putting in your own legwork and taking on the courts themselves, like a petty-crime Mr. Smith Goes To The Los Angeles Parking Violations Bureau.

Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.