Are you ready to crank some Korean crunk (see video above) and cruise the town in a long, rear-drive, V8-powered… Kia? Get ready, as Kia Motors Australia COO Tony Barolow tells drive.com.au that
We have an interest in all new models under development. A rear-wheel-drive premium sedan could be seen as a logical step from the Optima to the next level of Kia development. It is far too early at this stage to be any more precise about the car but we will definitely maintain a watching brief.
The Hyundai Genesis platform-mate has been photographed in camouflage (click here for more Korean crunk-free images), and the rumormill has it debuting in Frankfurt this fall, or possibly the NAIAS next January. In any case, get ready for a Schreyer-styled, “proper” Kia flagship to come down the line at some point in the near future.
In the comments section of Monday’s Honda Civic review, there was something of a rush to declare a new order in the hotly-contested Compact segment, with Honda notably losing out. Well, TTAC and its Best and Brightest tend to be a little ahead of their time, and the sales numbers for April prove that the Civic still attracts US car buyers in segment-leading numbers. But the monthly sales win was probably something of a bittersweet victory, as Honda dealers hunker down for what is likely to be months of tsunami-related supply interruptions. Meanwhile, the battle is getting feisty, with Hyundai and Chevy doing most of the disruption. Year-to-date, however, the Civic and Corolla are still maintaining their decades-long grasp on the compact segment. But then, the battle is only just beginning…
A number of plug-in hopeful firms have been testing their future products in fleets, keeping a close eye on the data coming back as they prepare for their consumer launches or wider availability. One such vehicle, Toyota’s plug-in Prius has been testing for some time now, and while the results of US and European testing hasn’t been publicized yet, Wards Auto reports that the company has disclosed the results of Japanese testing with some interesting conclusions. With BYD and Chevrolet releasing data from their own plug-in testing, we should have the basis for some interesting insights. Hit the jump for more on the lessons learned and the data gleaned from this testing of next-gen drivetrains.
For years now the Chinese automakers have been the bête noir of the global car industry, inspiring equal parts fear and contempt in boardrooms and editorial meetings from Detroit to Stuttgart. In an industry built on scale, China’s huge population and rapid growth can not be ignored as one scans the horizon for dark horse competitors. And yet no Chinese automaker has yet been able to get even a firm toehold in the market China recently passed as the world’s largest: the United States.
Certainly many have tried, as the last decade is littered with companies who have tried to import Chinese vehicles, only to go out of business or radically rethink their strategy (think Zap for the former and Miles/CODA for the latter). Others, like BYD (or India’s Mahindra), have teased America endlessly with big promises of low costs and high efficiency, only to delay launch dates endlessly. In short, a huge gulf has emerged between overblown fears of developing world (particularly Chinese) auto imports and the ability of Chinese automakers to actually deliver anything. No wonder then, that we found what appears to be the first legitimate attempt at importing Chinese cars to the US quite by accident…
So, sales are up… but what are the automakers spending in order to get those sales? And what are they getting for their cars? Step inside our incentives and transaction price tracking center for a look at the factors that play affect how sales turn into profits (or don’t). But first, take a look at the graph above showing US-market incentive spending broken out by the regions where automakers are based. As usual, the US-based OEMs put more cash on the hood than their competitors, but more importantly notice how much money is spent on sales each month: nearly $2.5b was spent last month. And despite being a serious chunk of change, Edmunds AutoObserver says that’s the lowest overall level of incentive spending since 2005. So if you’re inclined to ignore incentives when it comes to your monthly sales education, you might want to start paying some attention…
A lot has changed in the auto industry in the three years since I started writing here at TTAC, and one of the more heartening developments has been the move towards ever greater transparency for all kinds of data, from sales breakouts to incentives to sales-weighted fuel economy. Though I’d like to think that TTAC played a role in helping push towards greater transparency and disclosure, the real heroes of this story are Hyundai (which has begun to release its sales-weighted fuel economy each month and is moving towards quarterly fleet sales breakouts) and TrueCar, which has possibly done more to put information in the hands of auto consumers than anyone else (TTAC included). TTAC thanks everyone who is helping push the industry towards ever more disclosure, and invites you to take advantage of these newly-available data points in order to better understand the ever-evolving face of the US auto industry. Here we present TrueCar’s TrueMPG data for April, which shows a .2 MPG improvement across the industry since April 2010.
It might still be a bit early to put a sub-head on this month’s sales, but if GM can serve as Bertel’s China car sales oracle, perhaps they’ll indicate the US market as well. And if they do, we’ll be seeing strong year-over-year sales increases, with much of the new volume coming from compact cars, while large trucks sit flat. If GM doesn’t indicate the market well this month, then we’ll be sure to update our headline when we update the developing sales table which you can find just after the jump.
Nissan’s NV200-based entrant into New York City’s Taxi of Tomorrow contest has won the contract (reportedly worth over a billion dollars), reports Reuters, beating out two other finalists, one based on Ford’s Transit Connect, the other from Turkey’s Karsan Otomotiv. The decision may be taking a few New Yorkers by surprise, as Reuters reports that the Turkish entrant’s clear glass ceiling made it a crowd favorite, and that
Karsan also hoped to gain favour with city officials by promising to assemble the cars in Brooklyn, vowing to use union labour. The plant would have marked a return of auto-making to the city for first time in about a century.
Though New Yorkers may have preferred a locally-built model to take over from the 16 vehicles currently serving as NYC Taxis, the NV200 seems like a sweet little van. So congratulations, Nissan… now, are we ready to start talking about a civilian version?
Zagato’s 100 year birthday present to Alfa Romeo, the TZ3 Corsa, was originally designed around the Alfa 8C’s running gear. So when Sergio Marchionne started showing dealers a new Viper prototype that “resembled the 8C,” I suggested that the TZ3 Corsa’s long-nosed, kammback profile made it a good role model for a future Italian-influenced Viper. And now, as if to explore that very possibility, Zagato has come out with a street-going TZ3 Stradale which drops the 8C underpinnings for a Viper ACR chassis and V10. Is this a look at the high-performance future of the Fiat-Chrysler alliance?
Hyundai’s latest Assurance marketing technique, which guarantees resale values on all 20111 model-year purchases, is already being hailed as the latest in a line of creative, zeitgeist-appropriate incentives. The one downside of guaranteeing residual values: well, people are free to draw their own conclusions from them. For example, it seems safe to say that the Azera and Accent should probably be replaced fairly soon, as their weaker resale values make them stand out from an otherwise extraordinarily consistent lineup. What’s that you say? The new Accent was announced at the same time as the resale guarantee? And an attractive new Azera replacement will be launched within a (the?) year? Er, carry on then.
In all seriousness, whenever Hyundai comes out with a new “Assurance” program, I’m sure a number of other brands look at copying elements. The genius of this latest program, however, is that it only really works if your entire lineup has been updated in a recent and consistent manner. Imagine a chart like this for certain other brands, and you’ll realize that the benefits of a strong and (possibly more importantly) consistent product line can be far reaching indeed.
As TTAC explained last November, the EcoBoost engine might be the best argument for the Lincoln brand, as MKS and MKT enjoyed 30% and 46% Ecoboost take rates respectively, while Taurus and Flex convinced only 14.2% and 11%of their buyers respectively to plump for the turbocharged engine. So, what do you think the take rate was for the Ecoboost engine in the F-150? You know, the one which gets good fuel economy (unless you’re towing a lot), but has to fight for recognition amid a crowd of options? Well? Write down your answer and hit the jump…
Saab and the Chinese automaker Hawtai will announce “an exciting strategic partnership between both parties” at a press conference scheduled for tomorrow, reports MarketWatch. According to Saab/Spyker CEO Victor Muller,
the deal involves “investing in Spyker.”
Hawtai was previously a joint venture partner of Hyundai, and had been approached by Chrysler as a possible partner. The firm reportedly has an annual production capacity of 350k vehicles, 450k automatic transmissions and 300k (Euro IV and V-compliant) diesel engines built under license from VM Motori. The B11 (above) is the firm’s first own-brand sedan, although over the next three years the firm has “plans to launch six more diesel or diesel-electric hybrid passenger cars.” According to chinaautoweb, Hawtai’s gamble on its giant diesel engine plant, the largest and most sophisticated in Asia, may not be panning out as diesel availability has been an issue in the Chinese market, due to high demand from the trucking industry.
Surveys of auto executives and analysts by Bloomberg and Reuters show that the US Seasonally Adjusted Annual Selling Rate (SAAR) hit 13m units last month, a 16 percent increase compared to April 2010. And though the market is up significantly from last year, it’s looking like April’s sales will be basically flat from last month. But the effects of the Japanese quake and tsunami are only just beginning to be felt in the US market…
Saab’s got a new short-term lease on life, as Automotive News Europe [sub] reports that the Swedish brand has secured a €30m, six-month convertible loan from Gemini Investment Fund. Saab is also requesting a €29.1 drawdown of its EIB loan, and when that is approved next week, Saab will reach the €59.1m in liquidity it needs to restart production. According to another piece by Automotive News [sub], Saab is still in talks with the Chinese automakers Great Wall Motor Co., China Youngman Automobile Group Co. and Jiangsu Yueda Group Co. in hopes of securing an additional investment in the struggling Swedish automaker, as well as a joint venture for Chinese production of the next-generation 9-3, and a possible Chinese market distribution deal.
Meanwhile, Saabsunited reports that several companies have been told to stop development on that next-gen 9-3 while the company gets back on its feet, meaning it could be delayed into the 2013 timeframe. And while Saab sacrifices long-term development for short-term survival, the recent production shutdown is taking its toll: Swedish sales of the 9-3 are up, but the new 9-5 is falling off (128 sold last month) as stocks dry up. The drama continues…
Now it doesn’t matter how far you have to go in your electric vehicle or mobility scooter, if you run out of juice you’re set for the night. Just hop into your “QTVan,” brew up some fresh tea, switch on the telly and wait for your battery to charge up. Of course, the QTVan is actually a bit of viral marketing for Britain’s Environmental Transport Association, which is using the micro-camper to sell mobility scooter insurance. Still, its an idea to keep an eye on…
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