Category: Sales

By on April 30, 2016

2015 Mini 4-door and 2-door

Mini needs a fifth core model that stays true to the brand’s heritage while drawing in more customers, but the man in charge of the brand doesn’t like sedans.

Unless a previously unknown model crawls out of Mini’s history, one side of the dilemma will have to give up ground.

Ralph Mahler, Mini’s vice-president of product development, sparked sedan rumors earlier this month when he said a conventional four-door makes good business sense, especially in the U.S. and Asia. His boss doesn’t disagree, but hates the idea. Read More >

By on April 29, 2016

acura30

Acura is turning 30, and to celebrate, it’s turning its attention away from the yuppy Gen-Xers who first discovered the brand to the hopeful, car-buying Millennials of today.

It’s not pandering for vehicle sales, it’s a relationship, see?

Honda’s luxury marque just launched a marketing campaign that seems perfectly designed to lure in the largest-growing segment of car buyers. Called “30 Years Young,” the ad plays up Acura’s status as the leading luxury brand of this age demographic, while stroking the ego of the Millennial buyer. Read More >

By on April 29, 2016

2017 Fiat 124 Spider

Fiat Chrysler Automobiles has announced pricing on the 2017 Fiat 124 Spider, touting it as America’s least expensive turbocharged convertible.

With an MSRP of $24,995 (plus $995 destination), the Spider tops the base price of its platform mate — the Mazda MX-5 Miata — by $255. Luxury (“Luzzo”) models will go for $28,490, while the performance-oriented Abarth model starts at $29,190. Read More >

By on April 29, 2016

2015 Ford Transit

The Ford Transit was America’s best-selling van in March 2016 and the first-quarter of 2016, full stop.

Not just the best-selling full-size commercial van. Not just the best-selling commercial van overall. The Ford Transit was America’s best-selling van, besting all of its direct rivals as well as each and every minivan.

Much has been made of the all-American Ford Mustang’s one-month stand in Germany. Even if the Mustang’s “Best-Selling Sports Car In Germany” status is only temporarily grasped, it certainly was a noteworthy turn of events. Meanwhile, Ford of Europe’s long-running commercial van, now Americanized, is dominating on our side of the Atlantic. Read More >

By on April 28, 2016

Bentley Bentayga

Rival automakers salivating at the thought of snapping up a castoff from Volkswagen’s brand portfolio will have to sit and wait.

Amid grim fourth-quarter financial data and ongoing expenses linked to the diesel emissions scandal, the company is standing by its assets, but admits they might have to jettison some if unexpected expenses crop up. Read More >

By on April 28, 2016

2016 Ford F-150 Limited

News from Dearborn this morning will please recent purchasers of F-150s, Transits, and Fiestas — Ford Motor Company is absolutely on fire financially, earning $2.5 billion in a very large first quarter.

Ford’s pre-tax profit of $3.8 billion was a record for the company. Read More >

By on April 28, 2016

Upfitted Ford F-250 at Honolulu Ford, Image: Honolulu Ford

The time is ticking ever closer to the day an OEM slaps a $100,000 MSRP on a truck. It will happen, and it won’t be long before it does.

In 1997, $27,000 bought a lavishly equipped F-150 Lariat SuperCab with a 5.4-liter V8. Adjusted for inflation, that’s about $40,000 in today’s money. Adjusted for reality, that truck now carries a $45,000 MSRP. The $100,000 barrier will be crossed in perhaps a decade based on inflation alone, but inflation will not deliver the first $100,000 truck. Trim escalation and new equipment will cross the finish line first.

Regardless, OEMs won’t be the first to push MSRPs into the stratosphere. That distinction goes to the aftermarket, in conjunction with dealers. And, unsurprisingly, together they’ve already made a $100,000 pickup a reality.

Read More >

By on April 26, 2016

2015 Ram 1500 Laramie Crew Cab 4x4 EcoDiesel

Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.

First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). Read More >

By on April 25, 2016

2016 Volkswagen Tiguan, Image: Volkswagen of America

Will Volkswagen TDI owners who opt for a buyback be soured on the brand, or can they be lured into a new model?

It’s a big question for dealers, who could stand to benefit from the dealership traffic they’ll see when Volkswagen’s buyback program gets up and running later this year. Read More >

By on April 25, 2016

2016 Volvo XC90 T6 Inscription Car wash, Image: Timothy Cain/The Truth About Cars

We said the new Volvo XC90 would need to sell very well. It is, in fact, selling well. And given the sharp declines Volvo is reporting with every other model, we may have understated the need.

Globally, Volvo reported an all-time record number of sales in calendar year 2015. In the United States, however, even with the second-generation XC90 displaying signs of recovery, Volvo sales in 2015 were half the total achieved by Volvo 11 years earlier.

But in early 2016, Volvo’s big new SUV isn’t simply “displaying signs of recovery.”

Nearly half of all Volvos sold in America in the first-quarter of 2016 were XC90s. Read More >

By on April 22, 2016

 

Ren Cen. GM

There’s happy faces inside the Renaissance Center today.

General Motors saw its first-quarter pretax profit rise 28 percent, despite continuing trouble in foreign markets, Automotive News has reported.

A net income of $1.95 billion means investors will reap $32.66 a share, a 1.5 percent increase. Revenue was up four percent in the first quarter, at $37.27 billion. Read More >

By on April 22, 2016

leaf

Nissan is trying to play Tesla’s lengthy Model 3 waiting list to its advantage.

A print ad that landed in the country’s most-read newspapers this morning is playing up the Model 3’s wait times, according to Automotive News, and encouraging EV buyers to go the faster route by buying a Leaf.

There’s nothing subtle about the ad, which would have been green-lit by Nissan’s intimidating sales and marketing head Christian Meunier. Since taking on the role in January, Meunier has laid out an aggressive marketing strategy, meaning the Leaf spot could be the first of many cheeky ads. Read More >

By on April 21, 2016

2017 Accord Hybrid

After a brief hiatus, the Honda Accord Hybrid is back, and it’s feeling good about itself. It thinks you’ll feel good about it, too.

Arriving this spring as a 2017 model, the Accord Hybrid hopes to capture more customers this time around. The previous generation proved to be something of a Jekyll-and-Hyde affair, with reviewers walking away reasonably impressed, or not so much. Read More >

By on April 20, 2016

2014 Mazda 3 5-door

Through the first-quarter of 2016, U.S. auto sales volume grew 3 percent compared with the same period in record-setting 2015.

Mazda’s U.S. sales have fallen 17 percent, a meaningful decline of 13,399 sales over the course of only three months.

Something isn’t clicking for Mazda. Read More >

By on April 19, 2016

Volkswagen Chattanooga Tower

Nope. Nuh-uh. Not gonna do it.

That was Volkswagen’s reaction to the idea of publishing its first-quarter results on time, according to Automotive News Europe, meaning the automaker’s current financial standing will be unknown until May 31.

The beleaguered company has bigger things to deal with in the near term — mainly, meeting the U.S. government’s April 21 deadline for a fix for vehicles caught up in the diesel emissions scandal. An April 21 deadline was issued last month by U.S. District Judge Charles Breyer, extending a missed deadline on a one-time-only basis. Read More >

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