Soon after TTAC’s article on General Motors’ new model make over, the naysayers were out in force. Commenter jpolicke for example suggested selling GM stock if its future relied on engineering coming from South Korea. However, signs abound that this time around GM is finding its way. Let’s examine some of the pros and cons:
We already thought Bloomberg might have abandoned its monthly analyst poll. We could not find one for March, and finally found one for April – after a lot of looking. It would have been a shame if the table would have gone AWOL. This month, the race was extremely tight, and most analysts – at least the ones who had the guts to make forecasts for the D3 and not just for the SAAR – came very close to the actuals. Read More >
The situation in Europe is so desperate that a 5.2 percent drop of French car sales in April gave reason to rejoice. “The plunge seems to be halting after the double-digit declines of previous months,” Francois Roudier, spokesman of the French CCFA industry association, told Reuters. Read More >
This is the list of America’s best-selling car in the month of April and in the first four months of the year, as compiled by Reuters. Read More >
April is Detroit month. Strong sales of pickups and crossovers bring double digit gains to Detroit while other brands lag. Final table, courtesy of Automotive New [sub]. Read More >
The Lincoln MKZ has come in for a fair amount of abuse from the automotive press, particularly here at TTAC. The Cadillac ATS, on the other hand, has the press literally doing flips.
In April of 2013, however, the American consumer chose the MKFusion LOLZ Edition over the Autobahn-bred Cadillac CTS. And the American consumer chose the Steer-The-Script-Disaster-Chunky-Butt-Mobile over the even more sporty and awesome cancer-curing ATS.
Luckily, the two Cadillacs together managed to outsell the MKZ. By a little bit.
What’s this mean?
April sales in Japan were up 1.5 percent in April, with sales of kei cars lagging behind resurging regular cars while imports surprise. Read More >
Detroit delivers on the double digit growth rates predicted by auto analysts for April.
TTAC has learned that the Ford has delayed the new full-size Transit van until Model Year 2015. This leaves Ford without a next generation full-size van to compete against the updated Sprinter and the Fiat-based Ram Promaster.
Jac Nasser, the former head of Ford, is warning that Australia’s car industry has passed the point of no return, and expects to see it die within the next few years.
When automakers report U.S. April sales tomorrow, they will be up strongly for the sixth month in a row. The U.S. auto industry’s annual selling rate will be 15.25 million vehicles in April, according to economists polled by Thomson Reuters. Here is why: Read More >
The largest asset-backed securities deal since prior to the mortgage crisis, worth $1.6 billion, was announced last week. Meanwhile, one ratings agency is touting their low delinquencies as positive signs in the ABS market.
It’s a headline you might have seen in the past couple days: “Tesla Model S outsells Nissan Leaf (or Chevrolet Volt, you pick)”. To the layman, the story is that this amazing car from an amazing American upstart company is outselling lowly Chevys and Nissans to become America’s favorite EV. The angrier among us may wonder how a car that costs twice that of a Leaf or a Volt can outsell them both. TTAC just wants to know how any media outlet can make this comparison in the first place.
America’s top selling Suzuki dealer is switching it up with a much more popular brand. Wichita Suzuki has begun selling Subaru cars as it prepares for the end of the Suzuki era in America.
While I’m not taken with the styling of the C7 Corvette, it’s hard to argue against the value proposition; $51,995 ($1,400 more than the base C6 Coupe) will get you into a base model C7 Corvette, while the droptop model will cost $56,995. For the improvements in performance, fuel economy and interior materials, it’s a paltry increase. I can’t help but wonder about rumors of an entry-level C7, with a smaller displacement V8 and less feature content. What kind of pricepoint could Chevrolet realistically offer that car at? $52k doesn’t exactly make it a car for the everyman, but for what you are getting, it’s almost impossible to beat.
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