Currently, around 2.13 million cars will come off-lease by the end of 2014, up from 1.7 million last year. By 2016 and beyond, however, over 3 million vehicles annually will turn up on many a CPO and used car lot, replacing a long drought with an El Niño-esque flooding of the U.S. used car market.
Though Tesla is now just delivering new vehicles to China, CEO Elon Musk predicts his company will build luxury electric vehicles in the burgeoning market within the next three to four years.
Reuters reports a lawsuit related to the 2014 General Motors recall crisis filed in federal court in California has placed airbag supplier Continental Automotive Systems U.S. at-fault for its role in the recall. Attorney Adam Levitt of Grant & Eisenhoffer proclaimed the supplier knew about the out-of-spec ignition switch at the heart of the recall as early as 2005, yet “did nothing to redesign its airbags” to deploy even when electrical power was cut, “nor did it warn NHTSA or the public.” Continental joins Delphi Automotive as the second supplier to face a lawsuit linked to the ongoing recall crisis.
After the relatively low-key debuts at Detroit and Chicago, New York was thought by many to be the show we’ve all been waiting for – full of exciting debuts and important announcements. Instead, we got more of the same – a number of interesting debuts that will be important to the broader car market, but nothing overly exciting for enthusiasts.
But this is TTAC, a site where the introduction of a facelifted Camry was the most popular topic of discussion during the show. And that means that New York was a great show for the B&B.
After several years of dormancy, Ford revived the Escort name for a concept sedan at last year’s Shanghai Motor Show. That concept is now production-ready, and will make its debut this weekend at the 2014 Beijing Motor Show.
For those who opt to save $11,000 by selecting the 2015 BMW 228i Coupe over the M235i, a new Track Handling Package will soon join the options list to help bring the coupe on par with the M235i’s handling skills.
In an effort to help boost lagging sales, the 2015 SRT Viper Anodized Carbon Edition was unveiled at the 2014 New York Auto Show.
Appearing alongside the 2015 Infiniti QX80 at the 2014 New York Auto Show, the 2015 Q70 takes dead aim at the German performance and large sedan markets.
The 2015 Infiniti QX80 joined the 2015 Q70 on stage for its unveiling at the 2014 New York Auto Show.
The 2015 Kia Sedona quietly made its public debut at the 2014 New York Auto Show, ready to take up to eight passengers to the nearest Trader Joe’s after soccer practice.
Prior to the 2015 Dodge Charger descending onto the stage, the 2015 Challenger made its world debut at the 2014 New York Auto Show.
Alongside the 2015 Dodge Challenger, the 2015 Charger made its debut at the 2014 New York Auto Show.
The 2016 Audi A3 TDI Sportback turned up at the 2014 New York Auto Show wearing white over its diesel-driven FWD system and automatic transmission.
The 2015 Subaru Outback made a stop at the 2014 New York Auto Show as the fifth-generation wagon makes its way to the showroom floor this summer.
Automotive News reports Honda announced the Fit-based subcompact crossover will be called the HR-V, releasing the first official photos during the 2014 New York Auto Show. The crossover will enter U.S. showrooms later this year from Honda’s Celaya, Mexico plant, where the Fit is made, and will be priced just below the CR-V, currently $23,775 to start.
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