Category: Sales

By on April 18, 2017

[Image: Mitsibishi Motor Sales of Canada]

Maybe it’s not the product, but the dealerships? It might not be the solution to all of the problems facing an increasingly less troubled Mitsubishi north of the border, but it can’t hurt.

Under a new five-year plan, the automaker plans to revamp and modernize all of its 90 Canadian dealers. Bright, glassy and inviting, the redesigned dealerships are worth the expense if it helps draw more buyers into a customer base that hasn’t grown much in years. Read More >

By on April 17, 2017

2016 Toyota Prius - Image: Toyota

Newfound hybrid competition from the likes of the Hyundai Ioniq has forced Toyota into a mid-year strategy shift. Starting imminently, the automaker plans to offer a less expensive base model of the Prius while bulking up the model’s content with no-charge added safety features.

According to automotive research and car-shopping website CarsDirect, the entry price of a Prius should drop by $1,210, bringing its base MSRP (including destination) to $24,360. That helps close the gap between it and the Ioniq, which has strategically positioned itself as the segment’s value pick. Read More >

By on April 17, 2017

tappen scrapyard

If you’re a god-tier automotive enthusiast looking for more vintage project cars than you could ever finish before your death (and don’t mind living in rural Canada), then we have good news for you. There’s a five-acre property for sale in picturesque southern British Columbia that’s perfectly suitable for ignoring while you wrench away on more than 340 classic cars that are included in the deal.

For $1.45 million, you can be the proud owner of a restoration shop, a sizable hangar, and enough steel to build five more on a property already zoned for auto salvage.

The land sits alongside B.C.’s White Post Auto Museum and is only a few minutes’ drive from Shuswap Lake — which is rumored to shelter a 25-foot prehistoric monster known as the ShuswaggiCryptozoologists believe the beast to be a surviving basilosaurus, meaning there could be an entire family of ancient whales for you to hunt when you aren’t organizing row after row of mid-century automobiles. If you aren’t into cryptid spotting, mentioning old Shuswaggi could also be a good way to haggle down the price.   Read More >

By on April 15, 2017

2016_nissan_leaf_12

How do you keep a very long-in-the-tooth model alive when competitors have bypassed it in terms of technology and practicality? Offer sweet deals, obviously.

Nissan’s venerable Leaf, which saw its first U.S. sales in late 2010 and still hasn’t confirmed a North American successor, needs all the help it can get. Not only are electric cars a tough sell in America, but the Leaf faces a growing crop of rivals that top its paltry driving range by roughly 2:1.

Nissan wants to know: would you feel differently if it was much, much cheaper? Read More >

By on April 13, 2017

dealership

Every industry analyst is beginning to sing the same tune. Despite things looking good now, the worm is about to turn. Global sales look poised to remain strong this year but the market has peaked and sales should persist on a graph as a flat line. Next year could be a different story, however, and there’s much apprehension surrounding lengthening loan terms and the upsurge of subprime lessees.

Rising incentives are also causing alarm; J.D. Power and Associates expects the average incentive per new unit to top $4,000 in 2017. While that tactic may get people into dealerships now, it might also harm long-term profitability as the automotive industry swings toward leaner times.   Read More >

By on April 12, 2017

2017 Honda Civic hatchback - Image: Honda

Canadian passenger car sales are falling, not unpredictably, as SUVs and crossovers continue to earn an increasingly large chunk of market share.

And yet at the top of the passenger car leaderboard, Canada’s two best-selling cars are selling at a record pace, with no small amount of help from new hatchback body styles.

Bucking the Canadian, North American, and global anti-car trend most distinctly is the Honda Civic, Canada’s best-selling car in each of the last 19 years.

Indeed, so strong have Civic sales been through the first-quarter of 2017, we’re ready to make a projection. Make it a confirmation. We’ll say it with certainty. Honda Canada’s Civic streak will reach a full two decades, twenty years, as the Civic becomes Canada’s best-selling car in 2017.

The Civic’s lead is already insurmountable. Read More >

By on April 10, 2017

Mitsubishi Lancer GT

With Carlos Ghosn out as Nissan’s chief executive, Hiroto Saikawa has some well broken-in shoes to fill as the brand’s new CEO. Only ten days into the job, Saikawa says he doesn’t want to stray too far from groundwork laid by his predecessor. However, both men face an interesting problem in deciding what should be done with Mitsubishi.

Ghosn loves a fixer-upper and has already decided to dedicate much of his time to bringing Mitsubishi back from the brink, now that it’s part of the Renault–Nissan Alliance. He managed to help Nissan out of its decade-long slump in the early 2000s, so perhaps he can do the same for Mitsubishi now. However, according to Saikawa, that’s going to involve carefully assimilating the struggling automaker into the greater alliance.

That could mean taking Mitsubishi by the hand and offering it European models wearing the three-diamond emblem.  Read More >

By on April 10, 2017

2017 Mazda 3 5-door – Image: Mazda

Mazda hasn’t always proven capable of winning hearts and minds in the U.S. marketplace. But in buff book comparison tests, Mazda possesses a recipe for success.

Possessed.

Nine months ago, for instance, a 2016 Mazda 3 i Grand Touring spanked the Nissan Sentra and scored substantial victories over the 2016 Chevrolet Cruze LT and 2017 Hyundai Elantra Limited in a five-car Car And Driver comparison test. Only the 2016 Honda Civic EX came close. Car And Driver was quite right in pointing out the Mazda 3 overachieved “in a world where excellence isn’t always rewarded with sales.” TTAC’s east coast reviewers came to the same conclusion four months ago.

Indeed, U.S. sales of the Mazda 3 fell to a 10-year low in 2016. Now, with sales in 2017 on track to fall to a 13-year low, the Mazda 3 has lost a comparison test.

And not just to one car, but two. Read More >

By on April 7, 2017

2017 Chevrolet Bolt EV

So far, there’s no evidence the Trump administration plans to extend the federal tax credit incentive for the purchase of electric and plug-in vehicles.

Designed to kick-start the fledgling technology, the credits — totaling up to $7,500 per vehicle — will run out after automakers finish selling their first 200,000 eligible vehicles — a date that could occur as early as next year for some companies. This means a segment still as embryonic as the infrastructure meant to serve it could soon bite the dust.

A recent report from Edmunds predicts what will happen if the credits die, using a cancelled state credit as a crystal ball. Despite the hype around EVs, those incentives are an intravenous bag keeping the patient alive. 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

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 Buick Regal TourX

With every automaker going all-in on cavernous crossovers and SUVs, Buick certainly hasn’t ignored the trend. The traditional, big-car brand even went so far as to bring us a crossover from China. Still, there’s a legacy nameplate in the lineup in need of nurturing, and it seems only natural (and prudent) that the next-generation Regal ratchets up the versatility.

For 2018, the Regal splits into two body styles, with the traditional variant offering more cargo room than before. Thanks to the midsize model’s Opel Insignia architecture, we’re here to announce a funeral for a longtime member of the automotive world — the Regal’s trunk lid. Yes, this sedan sports a liftback.

If it doesn’t seem like this newly enlarged cargo space will swallow your family’s lifestyle debris, Buick would also like to offer you an all-wheel-drive wagon. 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

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 >

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