I always buy new. I know, I know.

There’s a financial wizard of the Internet around every corner, ready to pounce and scream “DEPRECIATING ASSET” at me. But the reality is that I — like most shoppers — like to get a good deal when I buy anything, and that includes five-figure investments. Also, like most car buyers, I feel that “good deal” really means “the dealer didn’t make a dime on me.” Yes, I know that car dealers need to make money on used car sales to stay in business (and to continue perpetuating the myth that they don’t make any money on new car sales), but that doesn’t mean I’m their mark. On a new car, I can know with 100-percent certainty if I got a good deal.

When one of my Twitter followers asked me why the dealer’s cost isn’t the starting point for negotiation on a car, I quickly replied (as I was walking to dinner) that “used cars have recon cost.” However, upon further reflection, I realized that’s just the tip of the iceberg and if a Twitter user didn’t know why used car costs are so nebulous, most of y’all probably don’t know either. Transparency on used cars simply doesn’t exist, and it never will. Here’s why.

(Read More…)

General Motors executives are breathing a sigh of relief after the automaker reached a deal with a supplier that threatened to shut down GM’s entire U.S. assembly operation.

The automaker hammered out an agreement with the bankrupt Clark-Cutler-McDermott Company, a supplier of trim and acoustic insulation that GM had been propping up financially since March, the Wall Street Journal reports. (Read More…)

The recent introduction of a thoroughly re-engineered Toyota Tacoma is propelling sales of the segment’s top seller to all-time highs. After an elongated hiatus, there are new options from General Motors, and they’re selling more frequently than GM anticipated. Just last month, Honda began selling an all new, second-generation Ridgeline, a pickup at the opposite end of the spectrum from the rough and tumble Frontier. That Ridgeline, we told you yesterday, is selling like it’s 2008.

Moreover, demand for small/midsize pickup trucks is roughly 30-percent smaller than it was a decade ago.

At Nissan, there are plenty of factors, internal and external, working against the Frontier. The current-generation pickup is more than a decade old. Yet Nissan USA is on track to sell more Frontiers in 2016 than at any point since the current truck debuted on the Titan’s F-Alpha platform in January 2004 at Detroit’s North American International Auto Show. (Read More…)

B. Breckenfeld writes:

My cars from the early 2000s had automatic transmissions that seemed to allow freewheeling when you lifted off the pedal. I used this for better gas mileage by letting the car coast when I could see red lights far ahead.

Starting about 2010, my cars produced by GM began acting more like their standard transmission counterparts by employing engine braking and downshifting as they came to a stop. This works great in mountain driving where engine braking is needed, but wouldn’t freewheeling on flatter ground allow better gas mileage?

(Read More…)

The 500 Ford GT supercars that will reach customers in 2017 and 2018 sold for more than $400,000, but the privilege of working on them comes at a premium, too.

Any dealer looking to become an authorized Ford GT service center will need to spend at least $30,000 to upgrade their operations, according to a document obtained by All Ford Mustangs. (Read More…)

As U.S. customers await the unannounced Santa Cruz-like sort-of ute they’ve been promised for some time, Australia is getting traction from Hyundai on a genuine midsize pickup.

Following much lobbying from down under, Hyundai Australia’s chief operating officer Scott Grant told Car Advice that company brass in South Korea are slowly coming into agreement on the need for a bona fide pickup, but fans will have to be patient. (Read More…)

GM is facing off with a key parts supplier in bankruptcy court today, but the drama between it and the Clark-Cutler-McDermott Company started at the same time the automaker handed the company a nice award.

The Massachusetts-based CCM axed its workforce on July 8 and declared chapter 11 bankruptcy, leaving the automaker without the insulation and trim parts needed to build most of its vehicles. A continued disruption in the supply chain would be a massive blow to the automaker, forcing it to shut down assembly plants throughout North America.

Court documents show that at the same time GM was handing CCM a “Supplier of the Year” award at Detroit’s Cobo Center on March 10, CCM had already told GM it had defaulted on a loan and was looking for a handout in order to stay afloat. (Read More…)

Just as it did recently with the Model S, Tesla just took its Model X SUV in for a battery and price haircut, resulting in a new base model.

The automaker’s website now shows the availability of a 60D version of the all-wheel-drive utility, meaning a 60 kilowatt battery and an EPA estimated 200 miles of range. The battery shrinkage makes the new model the shortest-ranged Tesla in the stable, but it also undercuts the price of the formerly base 75D by $9,000.  (Read More…)

In a few weeks, after Pokémon Go jumps the shark and we all head back to our homes for nights of solitude, Fiat Chrysler Automobiles will offer another opportunity for high-tech geekery. And a lucrative one, too.

Announced today, the automaker will hand tech-savvy individuals cold, hard cash in return for information on weaknesses in its vehicles’ cybersecurity. Exposing a hidden backdoor that hackers could sneak through will net you up to $1,500. (Read More…)

American Honda reported 2,472 sales of its all-new, second-generation Ridgeline pickup in June 2016, the truck’s first month of rather limited availability.

June was the Ridgeline’s first four-digit sales month since August 2014, the Ridgeline’s first month above the 2,000-unit mark since October 2008, and the best Ridgeline sales month since August 2008.

In fact, if American Honda simply maintained the June 2016 sales pace for the rest of the year, total 2016 calendar year Ridgeline sales would essentially match 2013’s total for an eight-year high in U.S. Ridgeline sales.

Indeed, on an annualized rate, based simply on the Ridgeline’s first month back from a long hiatus, Honda is already selling more Ridgelines than at any point since 2008. (Read More…)

A Massachusetts-based parts supplier you’ve probably never heard of could force General Motors’ entire North American operation to grind to a halt.

Clark-Cutler-McDermott Co. stopped making acoustic insulation and trim pieces for GM vehicles on Friday after declaring Chapter 11 bankruptcy, a situation it blames on money-losing contracts signed with the automaker, a source told The Detroit News.  (Read More…)

Some eight years after the now-defunct Motive Magazine put a Smart ForTwo to work on an urban golf course, Mercedes is finally catching up to support its customers’ favorite pastime.

Revealed yesterday, the Mercedes-Benz Style Edition Garia Golf Car isn’t just a glitzed up golf cart made to look like a miniature GLE Coupe. Instead, it’s the product of a competition started in 2013 to build the best golf cart or nothing.

(Read More…)

Let’s give a hearty “Welcome back!” to our friend Rebecca, who previously wrote about her Tacoma on these pages. She just picked up this beautiful Z4 from a dealership hundreds of miles away from her home. This is her story on how she did it. 

This journey started in October of 2007 when the lease on my 2005 Z4 3.0 matured, and I had to give the car that I dreamed of, and built on BMW NA’s site for two years, back to the dealership.

Since then I’ve had the recurring dream that I still had that car — it’s just been in storage all this time. I have serious commitment issues with cars, so it dawned on me three years ago that this was the one that got away. Fast forward to April 2016, I’ve saved for this car for a couple of years, and casually checking out the market with the plans to purchase before the end of the year. I happened upon a couple of white ones just outside my price range, and decided it was worth the stretch.

So what was my process?

(Read More…)

Tesla CEO Elon Musk has no plans to remove the Autopilot feature from his vehicles, despite demands from safety and consumer groups.

Musk told the Wall Street Journal that lack of education is the problem, not the technology behind the semi-autonomous driving system. The executive’s comments come after the National Highway Traffic Safety Administration delivered a lengthy list of questions to Tesla as part of its investigation into the fatal May 7 crash of a Model S. (Read More…)

Hyundai set out to make its Elantra hotter, and it’s happy to report that the sedan’s output now tops 200 horsepower in newly unveiled Sport form.

The 2017 Elantra Sport brings a third engine choice to the model lineup — a turbocharged 1.6-liter direct-injection four-cylinder making “more than” 200 horsepower and 190 pounds-feet of torque, according to the automaker. (Read More…)