Category: Industry

By on April 7, 2017

[Image: Adamsky Management]

Lynk & Co, if you hadn’t already guessed by the name, isn’t a normal car company. The upstart brand that sounds more like a hipster clothing depot than an automaker was revealed late last year following a promotional video that failed to show any products consumers could actually buy.

Now, months after the reveal of its 01 SUV, the Geely-owned company has another product to show off. This one’s a concept, sporting a design that previews a second planned model named — you guessed it — the 02. Sexy and artistic promotional shots of the arresting sedan have cropped up on the Adamsky Management website.

While Lynk & Co is as weird as it gets, this concept looks like something we’d all aspire to own. Read More >

By on April 6, 2017

2017 Ford F-350 Super Duty King Ranch - Image: Ford

In March 2017, for the second time in three months, the Ford F-Series range generated more total U.S. sales than the entire General Motors pickup truck lineup.

Total F-Series sales jumped 10 percent to 81,330 units in March, a total that far eclipsed the 71,786-unit figure achieved by the Chevrolet Silverado, GMC Sierra, Chevrolet Colorado, and GMC Canyon — combined. The F-Series’ 10-percent jump occurred as GM pickup sales tumbled 13 percent; as the total truck market grew just 2 percent, year-over-year.

The F-Series’ March performance also represented its sixth consecutive monthly improvement, a sign of consistent growth that suggests Ford may well sell 900,000 pickup trucks in 2017.

Moreover, the F-Series’ consistent growth was cemented in March even as midsize pickup sales growth hit the skids.

New Ranger?

Ach, who needs it? Read More >

By on April 5, 2017

used cars used car lot

The auto industry has really turned a corner over the last decade, but this year has been underlined by an unsettling lack of interest in new vehicles — potentially hinting at the return of a industry-wide crisis. The good news is that abnormally high used car prices are sinking like a stone. The flip-side of that coin, however, means that we could be approaching darker days as more consumers shy away from the new vehicle market.

Most carmakers spent last year enjoying record sales but seemed keenly aware that the market was about to plateau. However, 2017 sales have stagnated more than predicted, with rising interest rates and deflated prices seen on second-hand automobiles. It all looks very pre-recessionish and some analysts are beginning to make fearful noises.  Read More >

By on April 5, 2017

Opel Insignia Grand Sport

General Motors’ sale of Opel to France’s PSA Group sparked much debate on what the European division’s loss would mean for Buick, which holds strong product ties with the German manufacturer.

The new Buick Regal, which bowed today in liftback and wagon bodystyles, shares its architecture with Opel’s new-for-2017 Insignia. At the 2018 model’s Detroit-area launch, GM’s executives downplayed the impact on its Buick division, claiming there’s no disruption in sight for the brand. Read More >

By on April 5, 2017

2016 Chevrolet SS - Image: GM

The Chevrolet SS is not what you’d call common. Since launching more than three years ago, only around 9,000 SSs had been sold through the end of February 2017.

There’s always been a righteous hankering for the Chevrolet SS among those in the know. Sure, the bland styling does it no favours. And at nearly $50,000, it lacks any semblance of a premium badge. But there’s a stonking great 415-horsepower 6.2-liter V8, rear-wheel drive, and manual transmission availability. It’s a BMW M5 at half the price.

Yet the Chevrolet SS has never managed to enter the public consciousness, and even in its best-ever month (April 2016) the Chevrolet SS was outsold by low-volume cars such as the Lexus GS, Volvo S60, BMW i3, Lexus RC, Nissan Leaf, Scion FR-S, and yes, even the Lincoln MKS.

Now, however, the Chevrolet SS has come to the end of its run. The chance to snap up an SS is fleeting. Naturally then, U.S. sales of the Chevrolet SS exploded in March 2017. Read More >

By on April 5, 2017

2018 Chevrolet Equinox Redline Edition - Image: GM

After a long eight-year run for the second-generation Chevrolet Equinox, General Motors finally dropped the third-generation 2018 Chevrolet Equinox in September 2016. The 2018 Chevrolet Equinox might not be your cup of tea — I like the look, and the diesel option — but we learned late last month that it could have been downright awful.

How bad was it? It looked too bulky, too odd, too underwhelming, according to focus groups. The Equinox’s chief engineer, Mark Cieslak, said, “What we have on paper we felt was not going to win.”

So GM went back to the drawing board.

But seriously, how bad was it? We want to know, as does Autoweek, which tweeted last Saturday, “We really want to see what the abandoned version looked like.”

GM’s executive vice president for global product development, the Twitter-affable Mark Reuss, responded just 10 minutes later. And, uh, my guess is they really don’t want us to see the first third-gen Equinox. Read More >

By on April 4, 2017

tesla factory fremont

Workers are likely spinning in office chairs and there’s probably a second frozen yogurt machine on its way to Fremont as you read this.

After hitting a springboard on Monday morning, Tesla’s stock market value has now surpassed that of the former top-ranked U.S. automaker General Motors. This comes just a day after the electric automaker’s surging shares pushed past Ford, placing it in the number two spot.

There’s nowhere to go except down. What, too cynical? Read More >

By on April 4, 2017

2017 Toyota Camry - Image: Toyota

Reaching the end of the line before an all-new 2018 model launches, the outgoing Toyota Camry is — quite predictably — losing sales. After all, the auto industry’s total sales volume is shrinking. Passenger cars, in particular, are paying a price. And the midsize segment is stumbling all the more so. With all these factors contributing, of course the Camry is shedding volume.

Aged, outdated, and antiquated, the Toyota Camry seemingly has the most to lose. Yet despite a 4-percent year-over-year U.S. sales loss in March 2017 and a 13-percent decline through the first-quarter of 2017, the Toyota Camry is gaining heaps of market share in America’s midsize sedan segment, not losing it.

That’s because the cars that are most to blame for the midsize sedan segment’s rapid decline don’t sit at the top of the leaderboard, but rather hail from the JV squad.  Read More >

By on April 3, 2017

Honda dealer sign

After retiring on April 1 following 13 years at American Honda, former executive vice president John Mendel isn’t fading quietly into obscurity.

Sure, he plans to form a distillery business with his sons — who doesn’t? — but retired auto executives rarely take both feet out of their former world. So, it doesn’t come as a shock that Mendel is poised to join the board of directors at the car shopping website TrueCar. Read More >

By on April 3, 2017

2017 Volkswagen model range – Image: Volkswagen

March 2017’s U.S. auto sales volume dropped nearly 2 percent compared with March 2016, failing to live up to forecasts that expected March to be the best end to the first-quarter in nearly two decades.

Despite record volume at Nissan and Infiniti, continued growth at Subaru, meaningful gains at Buick, GMC, Dodge, Mitsubishi, and Ram, a third consecutive month of improvement at Mazda, and minor improvements at numerous other brands, auto sales fell below March 2016 levels because of declines at Ford, Toyota, and Fiat Chrysler. Hyundai and Kia combined for an 11-percent slide.

A third consecutive month of year-over-year decline for the industry suggests doom and gloom, as does the fact that inventories are ballooning and incentives are rising. Auto sales remain high, however, and only in comparison with 2016 — a banner year for the industry — do sales appear poor. Through the first-quarter of 2017, U.S. auto sales are down by less than 2 percent. Read More >

By on April 3, 2017

tesla model-s-rear

For a car company that sells a tiny fraction of the volume put out by the likes of Ford, General Motors and Fiat Chrysler Automobiles, Tesla’s investors have given the electric automaker clear bragging rights.

Despite generous debt, tight timelines and razor-thin profitability, Tesla’s stock market value sprinted past Ford today, placing it in the number two spot among domestic automakers. The company, which has yet to offer a vehicle most normal Americans can afford, holds a market cap of $47.81 billion at last count. Read More >

By on April 3, 2017

judge alsup

Uber has become quite an adept punching bag for journalists over the last few months. However, its unsavory actions only helped to hang itself in the corner of every garage across America while wearing an Everlast logo. At this point, it might as well say something nasty about everyone’s mother.

It isn’t just the press giving the ride-hailing and autonomous tech company a hard time, though. The judge overseeing its court case with Waymo over stolen intellectual property isn’t taking any bullshit from either company, or the litigant’s lawyers, and had some incredibly harsh words to share from behind the bench before adjourning court for the rest of April.  Read More >

By on March 31, 2017

Bob Lutz

If you’re unfamiliar with Bob Lutz, it’s likely that you’re a recent addition to the world of automotive enthusiasm. Allow me to be the first to welcome you. The rest of us have been following Lutz’s career shift from extremely outspoken auto executive to extremely outspoken car blogger for years. Now 85, he hasn’t become any less critical of the industry after entering his “retirement,” nor has his advanced age done much to soften his frank rhetoric.

Love or hate him, Lutz’s time spent jumping between the Big Three has provided him with unique insights — and he always has plenty to say on the current state of the American automotive industry. His most recent revelations circle around the unsustainable nature of Tesla and his growing distaste for president Trump, despite his having voted for him.  Read More >

By on March 30, 2017

2017 Audi A4 Ultra

Today’s car rental services span the gamut in terms of vehicular offerings and price, but it used to be a more utilitarian affair. Granted, the norm is still to hop online and click the little box next to economy or compact with those full-size sedans reserved for when your employer is footing the bill. However, special discounts or a base Mitsubishi Mirage occasionally make SUVs and even premium cars too tempting to pass up. For those with more discerning tastes, there are entire agencies devoted to specialty cars.

Silvercar is a rental firm that allows customers to charter an Audi A4 similarly to how you would reserve a ZipCar — log in, schedule a pickup, and remotely unlock the vehicle for as long you need access. It’s akin to BMW’s ReachNow, General Motors’ Maven, and Mercedes’ Car2Go — that latter of which is finally replacing its fleet of Smart cars with Benz-branded vehicles. But Audi doesn’t actually own Silvercar, it just happens to be a company providing the exact service that every single automaker wants to include as part of an updated mobility identity. Oh, and it exclusively rents out A4s.

Obviously, Audi is purchasing it. Read More >

By on March 30, 2017

Ford badge emblem logo

Ford Motor Co. seems to be making plans to announce the production of a new engine in Windsor, Ontario — or at least that’s the buzz from insider sources.

We already knew the venerable V10 the company manufactures for use in its trucks and cutaway incarnations of the Econoline would be ending production sometime within the next four years.

That successor is now believed to possess fewer cylinders, a larger displacement, and be named “the 7X platform.”

Read More >

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