Category: Industry

By on July 7, 2016

TTAC car sales chart

Barely four out of every ten new vehicles sold in the United States in the first-half of 2016 were traditional passenger cars. Toyota Camrys, Honda Civics, Ford Mustangs, Mercedes-Benz C-Classes, and dozens of alternatives remain numerous — more than 3.5 million were sold in 2016’s first six months.

But together, these cars make up a smaller chunk of the market now than they did a year ago, and a far smaller slice of the market than just five years ago. Cars were at parity with light trucks (pickups, SUVs, crossovers, vans) in 2011 and earned 52 percent of the market the year prior. Read More >

By on July 6, 2016

2016_nissan_leaf_07

The Leaf is nowhere to be seen — unless you’re staring at a Nissan dealer lot — and American buyers are barely budging their electric vehicle take up rate. Nissan, it seems, needs another incentive to sweeten its EV pot.

The solution? More free electricity. It’s not a new idea (actually, it’s an expanded version of two-year-old promotion), but the automaker probably figured, why the hell not? Read More >

By on July 6, 2016

Suckers at the Stock Photo Dealership with a Credit Card

A record 31 percent of all new vehicles sold this year in the U.S. are leased. I spent a good part of my career studying why some people refuse to lease. Much of their resistance stems from bad buzz. Some say it’s because of the stories they heard about ’80s-era open-end leases where owners were responsible for paying the car’s residual value at lease end. (These are the same customers who will not buy a Hyundai today because they produced crappy cars in the ’80s.) Others oppose leasing because they heard about a guy whose cousin’s neighbor had to pay $5,000 in wear and tear or excess mileage charges at lease end. And there are those of you who will brag comment below about how you always pay cash for your cars and don’t understand why other people won’t follow your lead.

This article is not designed to convert such non-believers to leasing. This advice, drawn from my years in the auto finance business, is for buyers who know the basics and benefits of leasing, want some timely tips on how to get the lowest possible payments, and want to pay less money on lease-end charges.

Read More >

By on July 6, 2016

2012 Ford E-350 Van, Exterior, grille, Picture Courtesy of Alex L Dykes

It was heady days at Ford’s Windsor Engine Plant in the late 1990s and early 2000s. The facility cranked out Triton V8 engines and the mighty 6.8-liter V10 for an insatiable truck and SUV market (remember the Excursion?), but its future is now in jeopardy.

Aggressive fuel economy targets and the move towards EcoBoost power and fewer cylinders in Ford engine bays have workers and their labor leaders wondering how long they can continue building the factory’s chief powerplant — the Triton V10. Read More >

By on July 6, 2016

2015 Dodge Charger V6 AWD Rallye (2 of 13)

There’s nothing new here, nothing unusual at all to see.

U.S. sales at the increasingly popular Jeep brand jumped 17 percent in June 2016 as the overall market climbed just 2 percent; as SUVs and crossover sales grew 10 percent. Jeep sales have increased on a year-over-year basis in 33 consecutive months.

FCA’s need for Jeep to outperform was all the more clear in June, as Jeep attempted to follow-up an all-time record performance in May with sustained demand. Car sales across the automaker’s Alfa Romeo, Chrysler, Dodge, and Fiat brands plunged 40 percent, a loss of nearly 19,000 sales.

And so the trend continues. 17.4 percent of the new vehicles sold in the United States by Fiat Chrysler Automobiles in April were cars. That figure fell to 16.9 percent in May and dropped to just 14.2 percent in June.

These aren’t typos. For every 86 pickup trucks, minivans, commercial vans, SUVs, and crossovers sold at your friendly local FCA store in June 2016, there were only 14 cars sold along with them. Read More >

By on July 5, 2016

2015 Ford F-150

We’ve reached the halfway marker. After new vehicle sales soared to record levels in calendar year 2015, the volume produced by automakers competing for market share in the United States continued to expand through the first six months of 2016.

Between January and June, the 30 most popular new vehicle nameplates in the United States generated half of all auto sales, leaving more than 250 other vehicles to fight over half the market. Many of those popular vehicles own a far greater chunk of the market than entire manufacturers. The top-selling Ford F-Series line of pickup trucks, for instance, outsells every auto brand aside from Toyota, Chevrolet, Nissan, Honda, Jeep, and Ford itself. The 30th-ranked vehicle, Subaru’s Outback, outsells whole mid-tier premium brands such as Cadillac, Infiniti, Lincoln, and Jaguar-Land Rover.

In other words, popular vehicles are very popular indeed. Read More >

By on July 1, 2016

2015 Honda CR-V

A modest increase of 2 percent fell below expectations from forecasters that the U.S. auto industry would grow by more than 5 percent in June 2016. Indeed, given the extra day on June 2016’s auto sales calendar, the daily selling rate for the industry actually declined in June, albeit marginally.

Big gains were nevertheless not uncommon. The Ford Motor Company, Fiat Chrysler Automobiles, Nissan-Infiniti, and Hyundai-Kia all posted above-average gains. Ford’s best-selling F-Series, which accounted for three-in-ten sales at Ford’s namesake brand, posted a 29-percent year-over-year increase. Overall pickup truck sales, powered in large part by the Ford’s 15,766-unit increase, jumped 10 percent.

The Toyota Camry claimed the top spot among cars despite its own sharp decline, a 13-percent loss worth nearly 5,000 sales. For the first time since last October, the Honda CR-V was America’s top-selling SUV/crossoverRead More >

By on June 30, 2016

May 2016 average fuel economy

A group of automakers wants Big MPG to know they’re out of touch when it comes to fuel efficiency targets, and would really like it if they stopped paying so much attention to California.

The Alliance of Automobile Manufacturers — a Washington lobbying group made up of General Motors, Ford, Fiat Chrysler Automobiles, Volkswagen and Toyota — wants to impact the midterm review of 2025 fuel economy targets set in 2011, Bloomberg reports. Read More >

By on June 30, 2016

dealership

After riding the sales roller coaster to dizzying, record-breaking heights, it’s only natural that consumers will bring automakers back down to reality.

This year will be a high water mark for new vehicle sales in the U.S., according to a new study by consulting firm AlixPartners (via Automotive News). Sales are forecasted to hit 17.8 million vehicles this year, but a downturn is on the way, and the industry won’t start to see a rebound until the coming decade. Read More >

By on June 29, 2016

2017 Jaguar lineup

Jaguar Land Rover’s brands are as British as crumpets and the Union Jack (ignore the fact that it’s owned by India’s Tata Motors), so concerns over Britain’s vote to leave the European Union should fall squarely on its tweed-covered shoulders.

The automaker is keeping a stiff upper lip, at least in public, with a spokesperson saying the company doesn’t plan to make changes to its strategy, Reuters reports.

A $1.34 billion assembly plant in Slovakia is going ahead as planned, said Jaguar Land Rover strategy director Adrian Hallmark, who called the Brexit a “short-term issue” during a news conference. Read More >

By on June 29, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

Eager to find locations to expand its U.S. recharging network, Tesla Motors is busy seeking new partners, with fast food, gas stations and convenience stores being top of mind.

One of the chains Tesla is attempting to seduce is the jack-of-all-trades Sheetz, according to the Washington Post. With hundreds of locations in the mid-Atlantic region, Appalachia and Ohio, Sheetz — maker of the Shmuffinz breakfast sandwich — operates a gas bar, convenience store and fast food restaurant at its locations.

It’s the place to be, and Tesla wants a Supercharger on that property. Read More >

By on June 28, 2016

tdiengine

With the settlement now filed with the courts between Volkswagen, regulators, and other plaintiffs in the ongoing diesel emissions scandal, the United States District Court Northern District of California has published the exact figures for buy backs and settlement figures.

Click the jump to find out how much money you’ll receive for your affected Volkswagen and Audi 2.0-liter equipped TDI.

Read More >

By on June 28, 2016

Golf Alltrack Subaru Outback combo

We don’t yet know the exact price of Volkswagen USA’s 2017 Golf Alltrack.

We are certain, however, that Volkswagen, a company with a brand image severely tarnished in the United States, will be able to do no better than slightly undercut the basic price of the Subaru Outback.

And that might be a problem. Read More >

By on June 28, 2016

2015 Toyota Camry XLE

In its 2016 American-Made Index, Cars.com returned a familiar nameplate to the top spot, but it isn’t built by a domestic automaker.

According to the annual ranking, Toyota Camry retains the American-made crown this year with 75-percent domestic content. Other Japanese models, each wrapped up in red, white and blue, fill up the top five.

The findings fly in the face of the Kogod Made in America Auto Index published last week, which had domestic automakers on top. Read More >

By on June 27, 2016

Compass Patriot Replacement Poster, Image: © 2016 The Truth About Cars

Fiat Chrysler Automobiles’ fourth-quarter reveal of Jeep’s replacement for the Compass and Patriot comes after mountains of late-in-life success for the small SUV duo.

In Jeep’s U.S. home market, sales of the Compass — known as one of The Worst Cars Today since way back in 2006 — soared to an all-time record high of 66,698 units in calendar year 2015. Through the first five months of 2016, Compass sales are up 72 percent, a gain of 16,411 sales for Jeep’s lowest-volume model.

The Patriot, meanwhile, topped the list of TTAC’s The Worst Cars Today in 2016, sales of the Patriot also having shot up to record levels of 118,464 units in 2015. Year-over-year, U.S. Patriot sales through the first five months of 2016 grew 4 percent to 52,067 units. Combined, the Dodge Caliber-based tandem essentially produce one-quarter of Jeep’s sales in the brand’s home market, outselling every other individual Jeep nameplate.

Against this backdrop of outrageous success for two critically panned trucklets with seven-slot grilles, a single Jeep candidate will step in to fill their shoes at a Brazilian debut later this year. Jeep already has a subcompact SUV: the Renegade. Jeep already has a small and affordable off-roader: the non-Unlimited Wrangler. Jeep already has an entry to challenge America’s leading crossovers: the Cherokee.

Can Jeep find space in tight quarters for yet another small SUV? If not, we’re about to see the first Jeep flop since the Commander arrived in 2005. Read More >

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