Ford Motor Co. will be suspending end-of-lease buyout options for customers driving all-electric vehicles, provided they took possession of the model after June 15, 2022. Those who nabbed their Mach-E beforehand will still have the option of purchasing the automobile once their lease ends. However, there are some states that won’t be abiding by the updated rules until the end of the year, not that it matters when customers are almost guaranteed to have to wait at least that long on a reserved vehicle.
Posts By: Matt Posky
Younger drivers have reportedly had it with the dealership experience, with Gen Z even more disenfranchised than Millennials. Though it’s difficult to imagine anybody visiting a showroom within the last 12 months having any other reaction. Incentives are down, prices are up, and there’s a good chance whatever you wanted to buy isn’t going to be on the lot anyway. Someone saying they had an exemplary dealer experience is becoming about as common as people claiming they enjoy going to the DMV.
However, CDK Global Inc. still opted to conduct a survey in the hopes of determining just how much less tolerant younger shoppers might be compared to older generations. The takeaway probably isn’t going to shock you, even if the sheer volume of first-time buyers that don’t care for dealerships might. (Read More…)
Despite a change in leadership, New York City has continued to confiscate and destroy motorcycles officials have deemed illegal. Pioneered by ex-Mayor Bill de Blasio (formerly Warren Wilhelm Jr.), the practice has been continued by Eric Adams. In fact, the new mayor was so enthusiastic about the trend that the city held a press event where a bulldozer crushed over one-hundred bikes as he waved a checkered flag — effectively turning them all into garbage in a matter of seconds.
As a motorcycle enthusiast and recovering New Yorker myself, this story has been one your author has followed since the beginning as an excuse to professionally gripe about something personal. The city set out to confiscate dirt bikes and ATVs that are relatively common to see (and hear) zipping through traffic or cluttering sidewalks. De Blasio even made it one of his biggest traffic-enforcement initiatives in 2021, adding a bit of spectacle to the new vehicle bans. However, a cursory examination of the vehicles involved has shown a significant number of vehicles being destroyed are regular motorcycles that would have been legal under NYC law and all-electric scooters used by low-income commuters and restaurant delivery services. (Read More…)
Toyota and Subaru are recalling their new all-electric models, though EV fans will be pleased to know that the issue has nothing to do with the battery packs. Instead, the affected vehicles run the risk of losing their wheels under sudden braking or sharp turns — which I suppose isn’t much of an improvement over the possibility of an electrical fire.
The good news is that the problem is limited almost entirely to demo models of the Toyota bZ4X and Subaru Solterra the companies wanted to use for promotional purposes. While they may eventually have found their way into residential garages, the original intent was to have them attend trade events and serve as test models on dealership lots. That’s likely to remain the plan, too. But only after the automakers comply with the demands of Japanese regulators. (Read More…)
National fuel prices are currently averaging right around $5.00 per gallon in the United States. However, there are plenty of states with stations listing gasoline well above $6.00 per gallon with diesel being driven even higher. This has started to wreak havoc on the trucking industry, which is now seeing companies pausing shipments to renegotiate contracts, and infuriated consumers who remember a gallon of gas being $2.17 during the summer of 2020.
Earlier this year, Congress and the White House suggested suspending the federal fuel tax to alleviate the financial burden. But the notion was walked back, as prices were relatively low at the time (roughly $3.50 per gallon) and criticisms swelled that this simply exchanged one problem for another. Four months later and things are looking rather desperate, with the Biden administration revisiting the premise of pausing fuel tax to help soften the blow of record-breaking prices at the pump. (Read More…)
Despite starting 2022 announcing a plan to normalize output, Toyota has had trouble living up to its promise. While most automakers were figuring out how to make more money off diminished production, the Japanese brand was plotting assembly schedules that would restore assembly rates to levels that would have been considered normal prior to 2020. But the rest of the market hasn’t managed to match Toyota’s optimism and the automaker has had to scale back its global production plan yet again — citing the usual supply chain constraints stemming from COVID restrictions and worldwide deficit of semiconductors.
Meanwhile, Ford Motor Co. looks to be abandoning its vehicle assembly plant in Saarlouis, Germany. The facility produces the Focus for Europe and may be in danger of closing if the automaker elects to sell it. While the site was in the running to produce Ford’s next-gen electric vehicles, those products have since been slated for assembly in Valencia, Spain. (Read More…)
Last week, news broke that Ferrari was plotting a third assembly line in Maranello dedicated entirely to EV production. But this turned out to be little more than a preamble for the obligatory announcement that the company would eventually transition toward building electric vehicles.
On Thursday, the Italian automaker told investors that all-electric and hybrid models will make up 80 percent of its global sales volume by 2030. This is to be done via a slew of new products it hopes to launch between now and 2026. Though the first Ferrari to run exclusively on battery power isn’t scheduled to arrive until 2025. According to the manufacturer, it’s plotting to launch 15 new vehicles as part of the overarching strategy. While some of those will undoubtedly be duplicates boasting open-air cockpits and slightly different powertrains, it has still got to be some kind of record for the brand. (Read More…)
In 2017, General Motors bowed out of the European market. The tactical retreat came after nearly two decades of struggling to make the region profitable and freed up cash the company could use to expand more profitable endeavors located elsewhere. This basically entailed widening its footprint in China, eliminating modestly sized passenger vehicles from its North American lineup, and setting aside any extra money for electric vehicle development. However, the automaker’s Western clientele has been slower to embrace EVs than hoped, even with gas prices becoming astonishingly high, and market analysts expect the United States to be the very last developed nation to see alternative powertrains go mainstream.
One possible solution for this conundrum is to sell those all-electric vehicles elsewhere — namely Europe. (Read More…)
In 2021, the National Highway Traffic Safety Administration (NHTSA) asked manufacturers to begin reporting vehicle accidents where Advanced Driver Assistance Systems (ADAS) and/or semi-autonomous driving aids were engaged. The agency was specifically interested in incidents where such systems were active at least 30 seconds prior to the crash, hoping it might shed some light as to the technologies at play while the industry continues to make it standard equipment.
The latest data from Carfax has indicated that roughly 50 million U.S. vehicles presumed to still be in operation still have outstanding recalls that have yet to be addressed. Though the good news is that this represents a 6 percent decline from 2021 and a meaningful 19 percent drop against 2017.
Still, the metrics may not be wholly down to better communication on the part of the manufacturer and people taking recall notices more seriously. Between 2013 and 2015, the average number of U.S. vehicles and equipment subjected to recalls per year went from 26.3 million to 83.6 million. While the annual averages have come back down since, recalls have remained substantially higher than in decades past. (Read More…)
On Monday, Ford Motor Co. notified dealers that it would be issuing a stop-sale notice for the all-electric “Mustang” Mach-E. The note made mention that the high-voltage contacts on the battery could overheat and cause malfunctions — potentially causing the vehicle to lose power while in operation or even fail to start.
Considering how absolutely wicked battery fires can become, this was likely a prudent move on the part of Ford. Over the last several years, EVs have been getting some negative attention for fires related to charging or battery failures of late and Blue Oval is likely aware that any mishaps with the Mach-E will be amplified as a result. Nipping this in the bud immediately is wise. However, the resulting recall has defaulted to the industry standard solution of issuing a software update on the affected models. (Read More…)
On Monday, General Motors, Ford, Stellantis, and Toyota Motor North America reportedly asked the United States Congress to lift the existing cap on the $7,500 federal tax credit for electric vehicles. Though automakers petitioning the government for free money is hardly new business.
Michigan has opted to allow digital license plates, making it the third state – after California and Arizona – to give them legal backing. The state’s legislature passed the necessary laws in 2019, making it legal for vehicles registered in Michigan to utilize digital vehicle identification while traveling throughout the rest of the nation. But the company that produces them, Reviver, has only just recently found itself in a position to furnish them.
Ferrari is rumored to be preparing a third assembly line in Maranello, Italy, dedicated for electric vehicles. The automaker has already purchased land near the facility and is presumed to make an official announcement on June 16th when it’s scheduled to present its four-year business plan.
As usual, this comes from a major media outlet that cited unnamed sources from within the industry. Though, considering the luxury sports car manufacturer’s confirmation that it would begin producing hybrid and all-electric automobiles, it’s more than plausible. Ferrari’s first battery electric vehicles are scheduled to arrive in 2025 and it still needs somewhere to build them. (Read More…)
Now that fuel prices are approaching levels you probably never thought you’d see in your lifetime, black-market gasoline has become a thing. Local reports coming out of Nevada are claiming that thieves have begun loading up trucks with stolen gas so they can sell it at a discount. Considering the average price per gallon now exceeds $5.50 for the region, it’s easy to see why some people might be willing to roll the dice and buy discounted fuel of an unknown origin.
But the most lucrative scheme is to transport stolen gas into California, where the prices exceed $6.30 across the state. Here, thieves can sell their ill-gotten petroleum at broader margins. But it takes a special kind of vehicle and a little planning not to blow the additional profit on the trip itself. Tankers aren’t exactly easy to come by and are hardly the least-suspicious way to haul around stolen fuel, so thieves are modifying trucks and vans that can pass as light-duty vehicles. (Read More…)















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