Former EV-1 driver and “science guy” Bill Nye hams it up while promoting GM’s Volt Extended Range Electric Vehicle. And actually, according to a recent gm-volt.com interview with Bob Lutz, GM now prefers that you refer to the Volt as “an electric vehicle with range extension.” Huh? Sounds like they’re gonna need a science guy to break this one down…
Fleet sales were up 47 percent in the first quarter of this year, driving sales at a number of automakers. Ford, in particular, is targeting fleet sales unapologetically by touting a recovery in resale values for the Blue Oval Brand. Ford’s Mark Fields tells the Freep:
We love fleets at Ford…Ford remains focused on our disciplined approach to daily rental, making sure we help keep growing residual values
At Chrysler, which suffers from some of the lowest resale values in the business thanks in part to a longtime addiction to fleet sales, the response seems a bit more… conflicted.
Back in October, GM’s then-CEO Fritz Henderson announced that GM would make a stand on market share, refusing to allow its share of the US market to slip below 29 percent. Oh wait, that was Gary Cowger’s campaign of 2003, which saw GM execs wearing symbolic “29” lapel pins. Where Henderson actually drew GM’s market share line in the sand six months ago was
At this point about 19 percent… We’ll finalize that, but I’m not interested in going down from that
And according to the Detroit Free Press, GM actually achieved that goal in December, logging a 21 percent share based on Autodata findings. Unfortunately, things have been slip-sliding ever since. In February, GM’s share fell to 18.1 percent, and last month it fell even further, to 17.6 percent.
Audi and BMW have history of trading shots in their advertising, not only calling out their rival by name, but also targeting each other’s advertising. With China taking on increased importance in the global luxury car game, the battle has moved to Hong Kong where BMW has purchased this giant billboard… immediately over an Audi dealership. Insecure much?
Read through a few reviews of the Ford Fusion, and you’ll notice that few are able to avoid reference to the midsized sedan’s polarizing chrome grille. Though different reviewers compare the gaudy grille to different brand-name razors, the consensus seems to be that it’s more than a little over the top. Certainly no other car in the Camccord class lays on the plastichrome quite so thick, and it’s hardly the only Ford with class-leading amounts of cheesy bling. And honestly, until I saw the recent Ford ad shown above, I had no idea the Fusion could even be purchased with a body-color grille. The Blue Oval’s marketing forces are only just beginning to feature Fusions with the subtler grille in its advertising, and the difference is instantly noticeable. And with a little research, you’ll find that, having earned a special spot in the Pantheon of Detroit chrome abuse, Ford appears to be moving towards offering chrome-free fascias on more of its vehicles.
[Hat Tip: You know who you are…]
Yes, Ferrari recorded the fastest “production-based, non-street-legal” lap of the Nürburgring today, breaking the hallowed 7-minute mark with a 6:48:16 time in its 599XX. The only question I have is why did they bother? Is it possible that Ferrari is having trouble selling enough copies of the $2m+, track-only version of the 599 GTB? Not likely, considering the Scuderia won’t sell you one (regardless of how much you’re willing to pay for it), unless you’re on an exclusive invite list for the Enzo-powered track toy. So why trumpet a non-production record at all? Isn’t the very significance of a Ring rooted in the idea that it’s the ultimate test of a road car, packing nearly every imaginable on-road condition into each wrenching lap? Shouldn’t Ferrari have at least tried for lap time in its new fastest road-legal car, the 599 GTO? Especially considering it’s debuting today, at the Beijing Auto Show? Oh well, at least the 599XX makes some serious earcandy noises… if only for six minutes, 48 seconds and change.
For 90 years, the ad agency Campbell-Ewald has been Chevrolet’s go-to source for all-American ad messages, including the “See the USA in your Chevrolet,” “Heartbeat of America,” “Like A Rock” and “American Revolution” campaigns. But despite a track record of household-name campaigns, trouble has been brewing between GM and C-E for months now. In December, GM announced that C-E would focus on developing Silverado pickup ads for the Winter Olympic Games, while car and crossover advertising would migrate over to the French agency Publicis. Today, AdWeek reports that Chevy is terminating its nearly century-old relationship with Campbell-Ewald, and will move its entire Chevrolet business to Publicis. So what does this mean for Chevy’s advertising?
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US-market details about the long-awaited 2010 Saab 9-5 are starting to emerge, and they’re painting a bit of a frightening picture for the struggling entry-luxe brand. In order to capitalize on the desperation of Saab fans who nearly saw their beloved brand give up the ghost several times in the last year, Saab is releasing the 2010 9-5 in Aero spec only until the 2011 model year begins. Did we mention that, including destination charges, the 300 hp AWD flagship model will get you only ten bucks change for your $50k check?
Already a good year into its hype-cycle, Toyota’s much-discussed FT-86 sports coupe is apparently losing some of the focus that made it an instant (theoretical) hit with enthusiasts. According to Autocar, Toyota has given up on its price point goal of $20,000 for a base model in the Japanese market, bumping MSRP targets to $23k for a base model and $26k for loaded examples. No word on how this will affect US-market prices, which Toyota has never disclosed goals for. And if this were the only news coming out of FT-86-land, we might have ignored it altogether. Sadly though, the price shift reflects larger trends within the FT-86’s development, none of which are wildly promising from the perspective of the enthusiasts that this car was allegedly being built for.
The last ten years have not been kind to Fiat’s Alfa-Romeo brand, as 2009 sales levels fell to about half their 2000 volumes. Having put Alfa on “strategic review” and stuffed it into a “brand channel” with Maserati and Abarth, CEO Sergio Marchionne has had a change of heart, and is now “determined” to build the brand into a “full-line premium carmaker.” According to Automotive News [sub]’s coverage of Fiat’s five year plan presentation, that means committing to a US presence targeting 85,000 annual sales by 2014. For a sense of scale, the Alfa brand sold a grand total of 103,000 units globally last year. And Alfa is going to have to kick ass around the world to meet Sergio’s goals. By the time Marchionne expects American Alfisti to buy 85k units each year, he wants the brand’s global sales to have increased nearly five-fold to half a million units. Ambitious doesn’t even begin to describe it…
Ever since a debt crisis toppled the already-precarious auto sector into undeniable crisis there’s been a running debate about when US car sales would “return to normal.” By now though, even the most ardent bulls seem to have accepted that 2007’s 16m number will be out of reach for at least several more years. So, how will we know when we’ve hit the new normal? According to Edmunds, at least one statistic roared back to 2006 levels last month: the percentage of sales financed at zero percent.
In March, more than 22 percent of financed new cars were purchased with zero-percent finance deals. Last March the total was just 13 percent. The prior high was 21 percent in July 2006.
The EV smackdown is about to begin, as Nissan and GM prepare to launch their competing but different EVs in the final quarter of this year. It promises to be quite a show, as both manufacturers have gambled huge sums on distinctly different approaches. The Leaf is a pure battery EV, with an optimum range of 100 miles, but which will easily shrink into some 60 miles under less than ideal conditions. GM’s Volt’s target EV range is forty miles, also subject to the same diminishing influences. Of course, it carries a security blanket gen-set along for the ride. But the first skirmish for the hearts , minds, hands and wallets of consumers has already been decided, in the Leaf’s favor. Read More >
What is a car dealer’s most profitable business? Selling new cars? One would think so, judging by the amount of money invested into metal, marble and glass used to move new cars. But it’s wrong. If a dealer is good, his new car profit contribution is in the single digits. What makes money in a dealership? Servicing the cars. And selling used cars. As Buickman and Steven Lang will confirm: A dealer often can make more money re-selling a trade-in than selling a new car. This must have dawned on someone at Volkswagen … Read More >
Ahead of Fiat’s 5-year plan presentations, Automotive News [sub] is reporting that the Turin-based firm is developing a four-door version of its 500 subcompact. And not just to take on Europe’s Opel Meriva and company: the 500 Multipla will be then fourth and final member of the US-market 500 family.
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