Auto title lenders, whose practices are aligned with those dealing in payday loans, furniture leases, and cheaply made wheel-and-tire rentals, may soon be able to profit off of Michigan consumers should a bill in the state senate be passed.
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The rise of the small luxury crossover is undeniable, not just based on the most recent evidence available. U.S. sales of premium brand small utility vehicles rose 17.9% to 23,776 units in November 2014, an increase of 3615 units compared with November 2013. Much of that improvement was powered by the smallest of small luxury brand crossovers: the Audi Q3, BMW X1, and Mercedes-Benz GLA, sales of which grew to 4963 units from the 2364 generated by the X1 a year ago.
Up a notch in size/price/prestige, the Acura RDX-led category (which was topped by the Audi Q5 in each of the last three months) was up just 5.7% in November 2014, not hugely superior to the gains made by the overall industry, which rose 4.6%. But this class of SUV/crossover is up 17.8% over the span of the last eleven months. Combined with the aforementioned trio of underlings, they’ve grown 17.7% to 222,844 units.
Clearly, this is a growth market with untapped potential. These are the ess-you-vees of tomorrow, despite lacking (for the most part) off-road credentials, significant ride height, or superior utility compared with conventional, nearly nonexistent small wagons. Read More >
Quebec’s love affair with small, efficient cars is well-known around these parts. And a new government measure will only further enable that, as Quebec is set to raise annual vehicle registration fees based o vehicle’s displacement size.
Consumers looking to file a lawsuit against Takata over its defective airbags may be waiting a little while longer to do so.
Now that the United Auto Workers have won full access to Volkswagen’s Chattanooga, Tenn. factory under VW’s community engagement policy, what will it do with its newfound power? Propose a works council, of course.
The world is not enough for Volkswagen AG, as it now has plans to introduce a mid-size sedan to slot between the Passat and the Phaeton.
Not long ago, I described the Mercedes-Benz GLE as “a cross between the new S-Class coupe and a growth of the Human Papilloma Virus.” I stand by that statement.
Its looks leave the B&B cold, and is powered by a fuel whose infrastructure leaves a lot to be desired. So, how popular could the Toyota Mirai possibly be? Better than you’d expect.
General Motors will lay off 100 more employees from its Lansing Grand River facility next month, joining the 350 already scheduled for said action.
Fiat Chrysler Automobiles’ Chrysler Group has big plans for its venerable Pentastar engine family, all in the name of improved fuel efficiency and power.
Ford is considering giving the B&B’s least favorite transmission type another go for future applications.
It’s official: The United Auto Workers have won the right to hold meetings at Volkswagen AG’s Chattanooga, Tenn. facility, further paving the path toward full organization.
Red-hot auto sales and increasingly pricey cars are generally seen as a sign of a resurgent economy and a consumer base that is finally prospering after years of stagnant wages and poor prospects. But according to data from Experian, much of the growth may come from practices generally regarded as financially unhealthy.
With Holden set to lay off hundreds of engineers as it shuts the doors of its Australian factories, Ford is looking to grow its ranks. The Blue Oval is set to hire 150 ex-Holden engineers to help develop cars for the Chinese market.
Not long ago, Canada was, according to ex-GM CEO Dan Akerson, the most expensive place in the world to build a car. A strong Canadian dollar meant that the cars and crossovers built at GM’s plants in Oshawa and Ingersoll, Ontario, weren’t as profitable as those built in the US or Mexico, where labor costs were significantly lower.
But even a newly weakened Canadian dollar isn’t going to save Oshawa.
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