If you have Bronco on the brain, you may find yourself buying one from a store that stands separate from your local Ford dealer.
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Category: Sales
The China Association of Automobile Manufacturers (CAAM) is reporting its home market grew 74.9 percent in March, resulting in nearly 2.53 million new-vehicle deliveries. While we’re often skeptical of the organization’s rosy predictions and tallies, it’s claiming the recent sales surge is the direct result of how bad things had been in the previous year. China instituted some of the most aggressive lockdown protocols of any nation in the initial stages of the pandemic and had already been struggling with a declining vehicle market in 2019.
CAAM is making no illusions about the gains being based on anything other than how horrible March of 2020 was and doesn’t want to overpromise moving ahead. It’s a warning that the semiconductor shortage will likely worsen as the year continues, dampening Q2 projections. But the organization has not yet revised its forecast for next year’s overall sales. Last December, CAMM predicted roughly 26.3 million vehicles would be delivered by the end of 2021 and appears to be running with that target.
Mercedes-Benz had an enviable first-quarter and managed to find itself back on top of U.S. luxury sales, icing out its chief rival BMW after two years of living in its shadow. Mercedes reportedly sold 78,256 vehicles within the first three months of 2021, thanks largely to its crossover vehicles.
It’s a year-over-year increase of 16 percent and helps to explain why the brand is relegating the CLS to a single trim while expanding its options for heavy hitters like the GLC Class. But Mercedes’ recent success may have more to do with the way the luxury segment is rebounding as a whole. As pedestrian models are finding themselves coming out of the pandemic with fewer customers, especially of the subprime variety, high-end luxury brands are enjoying clearer skies.
The pandemic has changed car buying plans for nearly three out of four shoppers who intended to buy in the next six months. New research from Comscore Automotive Data Mart, cited in a story today by Auto Remarketing, indicated the pandemic tops the concerns of four out of ten who had intended to buy.
Chevrolet’s Silverado electric pickup will be built at the Factory Zero assembly plant in Detroit-Hamtramck, Michigan, along with GMC’s Hummer EV SUV which will also be produced there, General Motors president Mark Reuss said today.
While giving my opinion last week on the Volkswagen April Fool’s Day scandal, I wrote that I hope it would be the last time I posted about it.
Cue Ron White voice: “I was wrong.”
The subprime auto market looks to be in poor health as the number of borrowers with outstanding loans that are more than 60 days overdue continues increasing. While the number has a tendency to rise and fall between seasons, the general trend toward indebtedness has been going up since 2015, with increasingly more customers boasting lackluster credit scores becoming incapable of footing their transportation bill.
Delinquencies skyrocketed in 2020, as government lockdowns pushed many out of work and now appear to be increasing due to a recovery plan that primarily seems to be serving cooperate interests and the wealthiest socioeconomic classes. Though it should be said that middle and lower-class families had been losing ground for decades, at least according to the latest Pew Research data. Pandemic-related complications only served to accelerate the existing financial disparities on all fronts. We are now on course for poorer people to have even less money moving forward, especially in the world’s most developed countries.
I wonder why so many people are defaulting on their car loans… Read More >
Jan, Toyota’s innocuous ad spokesperson, poses our question of the day (QOTD) to picture yourself in a new Toyota. We’re asking, what new vehicle of any make would you picture yourself in? Assuming, of course, dealers still exist.
Yesterday, used-car giant CarMax announced it finalized a deal to acquire automotive consumer advice site Edmunds, in a deal worth just over $400 million.
CarMax promises it’s magnanimous, and that Edmunds and its advice will operate independently of CarMax and its sales.
Late yesterday, news dropped that Volkswagen planned to change its name to Voltswagen. A lot of automotive journalists noted the date and called out the announcement as a premature April’s Fool prank, but further reporting seemed to confirm that the name change was indeed real.
Turns out that it really is an April Fool’s prank gone awry.
The lawsuits continue against EV startup Rivian. Though it hasn’t built any vehicles to date, the company has an aggressive plan to manufacture its “Tesla killer” vehicles at the former Diamond Star Motors plant at Normal, Illinois, and sell its wares directly to customers via nine showrooms across the nation. Various parties take issue with both the building and selling facets at Rivian, and the company has lawsuits with dealers in Illinois as well as Tesla. Read More >
It’s no secret that we here at TTAC don’t agree on everything when it comes to cars, culture, or politics (Or sports. Using memes to troll staffers who cheer for rival teams is a favorite pastime in our Slack channel).
We don’t speak as one editorial voice, nor do we practice neutral news reporting — we allow for editorializing, analysis, and commentary/opinion, as long as we’re fair, factually accurate, honest, and upfront about any potential biases. It’s one thing I love about working here — I can, if appropriate, put a little commentary into a news post. Overall, I try to allow everyone to be free to express themselves.
Yet, for all our various viewpoints, sometimes we agree on something. And I was right there with Matt yesterday when he fumed about Volkswagen becoming Voltswagen. The change is official, by the way — VW confirmed it.
Rivian’s plan to sell vehicles directly to consumers has raised the ire of two auto-dealer groups in Illinois.
Great Wall Motor (GWM) premiered the new Haval H6 Hybrid SUV at the 42nd Bangkok International Motor Show this week, a reaffirmation of the company’s xEV commitment to Asian if not world domination.
Today’s B/D/B was suggested by commenter namesakeone, who posited that a couple of the cars featured in the worst halo cars article last week might make an interesting trio for this segment.
I needed to cover one more as a Rare Ride first, which is why we saw that Thunderbird yesterday. Requirement out of the way, it’s time to have our first multi-decade, Rare Rides-sourced Buy/Drive/Burn.
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