Category: Industry

By on June 8, 2017

2017 Chevrolet Malibu - Image: GMThe U.S. auto industry is shrinking. But only by a little bit.

Auto sales through the first five months of 2017 are down just 2 percent, a drop of roughly 140,000 sales across the entire industry. Aside from high inventories and rising incentives, it’s not all doom and gloom. 2016 was the highest-volume year in the history of the American auto industry — a 2-percent drop is hardly catastrophic.

This is therefore not 2009, when virtually every new vehicle suffered decreased volume. Many new vehicles are surging, selling significantly more often this year than last.

But in a declining market, many other nameplates are in fact losing sales. Many sales. We’ve compiled a list of the 10 volume nameplates losing U.S. sales most rapidly. Read More >

By on June 8, 2017

2017 BMW SAV lineup - Image: BMW USALittle more than 18 months from now, BMW’s utility vehicle lineup will be dramatically altered, primed to absorb rising SUV demand in an increasingly anti-car market.

According to Australia’s Motoring, BMW will expand its entry-level utility vehicle lineup — BMW calls them SAVs — in early 2018 and the top end of the brand’s SAV lineup by late 2018.

The production BMW X2, due early next year, was previewed by the Concept X2 at 2016’s Paris auto show. BMW’s long-awaited Mercedes-Benz GLS challenger, the BMW X7, is a late-2018 arrival.

But the expansion of the BMW SAV lineup is only part of the story, as new versions of the SAVs currently sitting at the heart of BMW’s lineup will arrive in short order, as well. Read More >

By on June 8, 2017

2017 Genesis G90 - Image: Genesis Motors

Genesis Motors is soon to complete its first year on the U.S. market.

Through the first ten months of its run as Hyundai’s luxury spin-off, 15,254 copies of the Genesis G80 and Genesis G90 have been sold. That’s 15,254 buyers who all moved over from other auto brands. There was no other way — no repeat business, no C-Class to E-Class to S-Class-style chain reaction.

More of those buyers moved over from the Hyundai brand than anywhere else. That makes sense. The Genesis G80 is essentially a second-generation Hyundai Genesis sedan. The Genesis G90 is a second-generation replacement for the Hyundai Equus. Hyundai buyers are trading in and trading up.

But when it comes to earning conquests from luxury rivals, Genesis Motors does so most often at the expense of Genesis’ forerunner, the last brand to do what Genesis wants to do. Read More >

By on June 8, 2017

2017 Nissan Rogue Sport, Image: Nissan

In the 1950s and 60s it was the horsepower war, followed soon after by the fuel economy battles of the 1970s and 80s. Today, the peace of mind that comes from available safety features competes with horsepower, environmental sensitivity and connectivity to win the hearts and minds of new car buyers.

Owning a vehicle that can head off a crash by itself is a tantalizing prospect for many drivers. With the industry already heading in that direction, Nissan has decided to add automatic emergency braking as standard equipment on eight of its 2018 models. Read More >

By on June 8, 2017

2018 Porsche 911 Turbo Exclusive Series - Image: PorscheLet’s stop beating around the bush. The Porsche 911 Turbo S is slow.

At first, the upgrade from a proletarian, 370-horsepower 911 to the 540-horsepower 911 Turbo sounds momentous. But, pfft. Puh-leeze.

The 911 Turbo S should therefore be the answer. 570 horsepower. Nought to 60 in 2.9 seconds. 205 miles per hour.

But I remain unimpressed. You remain indifferent. The Porsche 911 Turbo S is found wanting.

Porsche recognizes this. Porsche has heard our demanding cries for a genuinely fast car. This is the Porsche 911 Turbo S Exclusive Series. It is very exclusive, very expensive, and finally, the 911 Turbo S is sufficiently quick. Read More >

By on June 8, 2017

2017 Subaru Impreza 5-door Sport - Image: SubaruSubaru of America set an all-time annual sales record in 2009.

You remember 2009, though you’d likely prefer to forget it.

The auto industry all but collapsed as the global economy went into meltdown. After total U.S. new vehicle sales volume fell to a 25-year low in 2008, sales tumbled a further 21 percent in 2009, the worst year for auto sales since 1982.

And yet Subaru of America set a sales record in 2009.

2017 is no 2009. But after surging to record levels in 2016, the U.S. auto industry’s sales volume is once again shrinking, albeit modestly. But Subaru of America president Tom Doll told Automotive News, “We certainly think we’re going to have our ninth consecutive year of record sales.”

No doubt. Read More >

By on June 7, 2017

2017 Toyota Camry SE - Image: Toyota“Stepping up to a midsize is basically a no-brainer for buyers at this point,” CarsDirect’s senior price analyst Alex Bernstein tells TTAC.

With demand for midsize sedans drying up, deals on aging models are warming up.

Now in its sixth model year, the 2017 Volkswagen Passat 1.8T S — the entry-level Passat — is available in June for a 36-month lease at $189 per month and $1,999 due at signing.

The 2017 Honda Accord, a new version of which is due later this year, is also available in June in basic LX trim on the same terms.

Meanwhile, the mid-grade 2017 Toyota Camry SE 2.5, set to be replaced in the coming months by an all-new model, is likewise available in June for $189 per month with $1,999 down over 36 months.

“This is about as cheap as lease deals have ever been on these midsize sedans,” Bernstein says. But it actually gets even cheaper, marginally cheaper, according to CarsDirect’s examination of 500 lease deals. Read More >

By on June 7, 2017

2018 Volkswagen Golf Alltrack - Image: Volkswagen

You didn’t seriously think there was a tall, be-cladded wagon that could sell like a Subaru Outback, did you?

And you didn’t think — if such a tall, be-cladded wagon did have the potential to sell as well as a Subaru Outback — that it would be a Volkswagen Golf Alltrack?

Of course you didn’t, not in this post-diesel scandal world. But as the all-conquering Subaru Outback continues to enjoy increased U.S. demand, the latest Outback alternative is already suffering a mild case of DTWS.

Not Dancing With The Stars. Don’t read so fast.

Decreased Tall Wagon Sales.

The Volkswagen Golf Alltrack’s May 2017 performance of only 1,312 sales represented a six-month low. Read More >

By on June 6, 2017

Capitol Hyundai San Francisco dealer - Image: Hyundai

Updated at 10:00pm on June 6 with response from Hyundai.

Derrick Hatami, Hyundai Motor America’s vice president of sales for less than two years, has been removed from Hyundai’s leadership team as of today, June 6, 2017.

After record annual volume in the 2016 calendar year, Hyundai’s U.S. sales have been falling fast throughout 2017. Year-over-year, Hyundai volume declined in each of the last six months, including an 18-percent decline in May 2017.

That decline enabled partner brand Kia to outsell Hyundai for the first time in the brands’ U.S. history, evidently a source of embarrassment for Hyundai. Having already forced out the company’s U.S. CEO, Dave Zuchowski, just before Christmas last year after Hyundai’s rapid growth stalled, Derrick Hatami’s departure leaves a hole that will be filled in the interim by Hyundai’s southern regional general manager, Sam Brnovich, according to Automotive News.

Last week, Hyundai wasn’t short on excuses for the company’s poor May performance. This week, the excuses were apparently not good enough. Read More >

By on June 6, 2017

2018 Toyota RAV4 Adventure - Image: ToyotaIn late 2015, Toyota revealed that the automaker’s increasingly popular RAV4 would be increasingly leaned upon for major U.S. sales volume.

As of five years ago, Toyota USA had never sold more than 200,000 RAV4s on an annual basis. Toyota didn’t touch the 300,000 marker until 2015.

But the goal set in 2015 was loftier: 400,000 U.S. sales of the RAV4 in 2018. An SE trim level helped. Then the RAV4 Hybrid became a real success. Toyota sold 352,154 RAV4s in 2016 and is on track for 380,000 sales in 2017.

What will put the Toyota RAV4 over the hump?

If all goes according to plan, the 2018 Toyota RAV4 Adventure that goes on sale in September won’t be a mere oddball offshoot. Read More >

By on June 6, 2017

Toyota Camry NYIAS 2017, Image: Toyota

Yes, we’re talking #brands, because brand value is a point of pride for all companies, not just automakers. In the latest ranking of brand value, it seems Toyota needn’t worry about losing its lofty perch among automakers.

For the fourth year, the Japanese automaker beat out all other car companies in the 2017 BrandZ Top 100 Most Valuable Global Brands ranking published by market research company Kantar Millward Brown. Valued at $28.66 billion, Toyota sits in the 30th spot, one notch above Walmart. That’s two spots lower than last year’s rankings, something Toyota can blame on increase costs and a weak yen.

The ranking also contains good news for Ford and troubling news for BMW. Read More >

By on June 6, 2017

2018 Honda Odyssey Silver Driver Front quarter

Can frugal transportation and family transportation coexist in a single package?

Lead Honda R&D engineer Tom Sladek indicated to Wards Auto at the Hawaiian launch of the all-new, fifth-generation, 2018 Honda Odyssey that Honda’s minivan could receive a hybrid powertrain in the future.

Presently, hybrid powertrains are available in a numerous three-row crossovers. Fiat Chrysler Automobiles is presently launching a plug-in hybrid version of the new-last-year Chrysler Pacifica, as well.

“The electrification initiative is definitely coming, but on which products and which timing is not 100% clear yet,” Honda’s Sladek told Wards. If one such product is the Odyssey, we would expect to see improvements both in the Odyssey’s fuel economy and its performance.

And all-wheel drive?

Read More >

By on June 5, 2017

2017 Honda Civic hatchback & 1977 Honda Civic hatchback, Image: Honda CanadaCanadian auto sales surged to record levels in May 2017, surpassing the previous monthly record from April of last year by an 8-percent margin and topping 200,000 units for just the second time in history.

You know it’s going well when, in a virulently anti-car market, passenger car sales increase, year-over-year. And in the fifth month of 2017, car sales did indeed improve, growing 3 percent beyond May 2016 levels.

You know it’s truly going well when, in a market that had already seen pickup truck market share climb to 20 percent, pickup truck sales jumped 38 percent to form 22 percent of the industry’s volume.

And you know it’s going exceptionally well when, in the span of just one month, the relatively small Canadian market purchases and leases 217,000 new vehicles at significantly higher prices than in the past. Read More >

By on June 5, 2017

2018 Volkswagen Tiguan Limited, Image: Volkswagen

The enlarged, second-generation Volkswagen Tiguan arrives at Volkswagen of America’s dealers this summer, leaving room beneath Volkswagen’s Honda CR-V challenger for a smaller, more affordable utility vehicle.

No, not the T-Roc. That’s later. Automotive News has received confirmation from a Volkswagen spokesperson regarding a rumor we already knew well: the existing Volkswagen Tiguan will survive as the Volkswagen Tiguan Limited.

We would have preferred the City Tiguan nomenclature, but so be it. Read More >

By on June 5, 2017

2017 Mirage Mitsubishi, Image: Mitsubishi Motors

Mitsubishi’s new ownership spells big changes for the automaker’s product future, but the controlling stake recently purchased by Renault-Nissan also means the newly joined automakers will partner on financial services.

As such, buyers in three markets will soon be able to turn to Nissan for a loan on a new Outlander or Mirage. Sorry, Americans — there’s good reason why Mitsubishi’s U.S. financing arm is staying put for now. Read More >

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