Famed TTACer “Crabspirits” is known here for his “Last Rides” series, which culminated in this hugely imaginative and enjoyable tale. But did you know that he also builds minicars with LMP2-style power-to-weight ratios, thirty forward gears, and parts from actual fighter jets?
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Category: Sales
Months after TTAC started to relentlessly bleat about the glut of money flowing into the auto loan sector, the mainstream media is finally taking notice. Automotive News is finally expressing some worry over the factors that we’ve been discussing for some time: car loan terms are getting longer (to help keep payments low), subprime lending is increasing and an expected rise in interest rates could put an end to the new car market’s exuberant performance.
Pricing for the Cadillac ELR has been announced, and the swoopy Caddy coupe with the Voltec powertrain has been stickered at an astonishing $75,995, not including the $7,500 federal tax credit as well as other incentives.
One can make the argument that there will be a market for a premium plug-in that wealthy buyers can write off as an expense in one form another, personally, I think GM is out of their mind.
GM Canada’s CEO is expressing apprehension over the way cheap auto loans are fueling vehicle sales in Canada.
Fiat’s recent North American downturns have caught the attention of many automotive industry observers, particularly those who never believed Fiat had a high-volume future on this side of the Atlantic.
There’s no better way to keep brand volume high than by introducing new models. Consider the new CLA250, which helped Mercedes-Benz to a 6.6% year-over-year increase in September. Without the CLA, Benz volume was down 3.3%.
An “unidentified buyer” in a “private transaction” reportedly acquired the 1963 TdF (not the bike race) winning Ferrari GTO for fifty-two million dollars.
Other GTO owners are fielding offers in the $40M to $50M range for their cars. If you are one of those people, this sale amounts to brilliant news and will no doubt give you an even greater sense of satisfaction at having purchased at prices ranging from $7500 (out of an old R&T classified) to $6M (the “ridiculous” price set during the previous collector-car bubble). For the rest of us, this is bad news — but not just because it means you’ll never see a LeMans Ferrari in LeMons.
Usually, in the U.S. pickup truck market, whichever company has the newest truck normally gets a bump in sales. While it’s hard to get Chevy guys into Fords and vice versa, about 6% of the market does shift to the most recently updated pickup because of businesses making decisions based on dollars and cents, not brand loyalty.
Early on, recent reintroductions in the small luxury sports sedan segment have only had the slightest negative impact on the BMW 3-Series’ category-leading market share.
Viewing the segment narrowly, the 3-Series – sales of which now include the 4-Series, which BMW hasn’t chosen to isolate – saw its market share fall from 27.2% in September 2012 to 26.2% in September 2013.
The most important year for the American pickup truck might have been 1996. Although the tenth generation Ford F-Series would debut that same year, the biggest development for the segment had nothing to do with trucks. It was the death of the General Motors B-Body sedan.
Citing increased inventory due to slower than expected sales, Chrysler will cut production of the SRT Viper from 9 cars a day to just six and reassign some of the workers at the Conner Avenue assembly facility that assembles Chrysler’s V10 powered sports car.
Ralph Gilles, who runs the SRT brand in addition to being in charge of styling for the Chrysler group, said that quality control issues slowed the new Viper’s deliveries to the 443 Chrysler dealers that are certified by SRT to sell the Viper.
As America’s new vehicle market posted a 4% sales decline in an abbreviated September 2013 and total passenger car sales slid 7%, sales of large cars at mainstream brands rose 5%.
Growth was powered in large part by the Dodge Charger, which hasn’t sold this well since 2008.
Toyota reported its tenth consecutive significant Avalon sales increase. The Hyundai Azera’s 67% jump equalled 596 extra units. In its sixth month, Kia sold 926 Cadenzas, down 35% from the average it had achieved over the prior three months.
Canada’s affinity for small cars may result in it getting yet another exclusive product that won’t be offered to Americans. In addition to the Toyota Echo hatchback, Acura EL and Mercedes-Benz B-Class, the Nissan Micra may be sold in Canada.
September was a great month for Subaru, with the brand up 15 percent. Ford, Chrysler, Jaguar Land Rover and BMW also posted solid gains. General Motors,Hyundai/Kia, Toyota, Nissan and Honda saw declines, as the SAAR dipped to 15.3 million units amid decreased consumer and business confidence. Table below the jump.
With just 143 examples registered in the UK, Aston Martin has quietly dropped the Cygnet city car – based on the Toyota iQ. According to UK mag Autocar, Aston Martin will also not be re-entering this space, and will focus on what it does best: making high end performance cars. Originally conceived as a way to meet strict European emissions rules, the Cygnet failed to meet Aston’s initial sales projections of 4000 units annually.
With the Flat Rock assembly plant on the cusp of sending cars to dealerships, the Ford Fusion could potentially sell 300,000 units this year, becoming the first car nameplate from Ford to cross that mark in a decade. But to catch the best-selling Toyota Camry, Ford will have to have capacity for 400,000 units – something that could happen as early as 2014.
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