Volkswagen is offering up to double the average amount of incentives on some of its cars to help dealers during its diesel crisis, Bloomberg reported (via Automotive News).
Dealers, who received no-strings-attached cash from Volkswagen at the beginning of this month, are offering up to 11 percent off their cars’ stickers to help weather the storm of its diesel cheating scandal. The industry average is roughly 6.2 percent according to TrueCar. Read More >
During the first three months of Honda HR-V availability, U.S. sales of the Honda Fit jumped 25 percent.
Yet as the public’s HR-V awareness increased – and sales of the Fit-based subcompact CUV decreased due to supply constraints – Fit sales fell through the floor in August and September of 2015. August sales of the Fit were cut in half; September Fit volume plunged 81 percent, falling 5,349 units from what was a 41-month high in September 2014 to only 1,279 sales in September 2015.
U.S. HR-V sales in September were nearly four times stronger than Fit sales, an astonishing figure for a number of reasons. Read More >
Almost three out of four electric cars on the road are leased — not purchased — according to data from Edmunds, which was compiled by CNBC. (The leasing data excludes Tesla, who does not report leasing rates.)
The overall lease penetration rate for electric cars, which is 74.9 percent, is much higher than the overall rate for all cars, which is 28 percent. The leasing rate for luxury cars is roughly 50 percent, according to Edmunds.
According to the report, EV drivers are more likely to be early adopters but are hesitant to own the vehicles due to increasing battery capacity and rapidly evolving technology. In other words, electric cars are becoming the new iPhones.
Sometimes you get it right. Sometimes you get it wrong. And sometimes you get it so wrong we all figure you were just playing a practical joke.
Launched just after the arrival of Volvo’s hugely anticipated second-generation XC90, Volvo’s S60 Cross Country is a Swedish/Chinese take on the failed Subaru Legacy Outback SUS. 17 years later.
Elevated wagons can be successful. Just look at the outrageous success of the Subaru Outback or the staying power of Volvo’s own XC70. Elevated sedans? Consumers aren’t really into the concept. Thus, after selling 50 copies of the S60 Cross Country in its abbreviated launch month of August, Volvo USA sold only 29 S60 Cross Countrys in September, one for every 1.7 states in the union.
That’s not a lot, a fact made all the more clear when you consider that Volvo sold 1,182 copies of the XC90 in September alone. Because sometimes you get it right. Read More >
Nearly 30 percent of buyers who purchase a Honda CR-V, Toyota RAV4 or Prius car will keep that car for more than 10 years, according to data from iSeeCars.com.
Data from 400,000 car purchases was analyzed for the poll, according to the study group. The industry average for owners keeping their cars 10 years or longer was 13.5 percent.
Of those top 15 vehicles whose buyers keep them longer than a decade, nine of them were Toyotas; 5 were made by Honda. The Honda CR-V was tops at 28.6 percent of buyers who kept that car for 10 years or more.
(Updated with comment from GoodCarBadCar’s Tim Cain)
Analysts at IHS Automotive says car sales may be nearing its peak and automakers may expect a downturn in sales by 2017 due to rising interest rates, Automotive News reported.
Strong demand for auto loans is starting to wane, banks are reporting, and a pending federal interest rate hike could push some buyers out of the market, the agency reported.
After 2017 “credit markets are going to be much more difficult,” Charles Chesbrough, IHS senior economist, told Automotive News. Most analysts predict that interest rates will remain where they are for the rest of this year but many anticipate a rate hike by March 2016.
September 2015 was a massive month for the U.S. auto industry, as the SAAR (seasonally adjusted annual rate) shot past 18 million sales and year-over-year volume jumped 16 percent. The auto industry marked the end of the third quarter having produced five-percent growth compared with the same period one year ago, making possible the idea that American consumers, businesses, and governments will purchase and lease more than 17 million new vehicles in 2015 for the first time in 14 years.
That’s the overall theme. These are some of the more interesting numbers which help make it so.
2,630 Non-Golf Golfs: Even before Volkswagen’s dirty diesel scandal, the majority of Golf hatchbacks (ignoring the SportWagen for the moment) sold in the United States aren’t even available with a diesel engine. The gas-only GTI, gas-only Golf R, and electric-only e-Golf generated 69 percent of total Golf hatchback sales in September. Read More >
Mercedes-Benz will open performance centers at specific dealerships across the U.S. to expand the AMG brand from enthusiast sub-brand to mainstream performance line, Automotive News is reporting.
Dealers may have to pay up to $200,000 for extra showroom space and training, the report said. The automaker expanded its AMG brand this year with the Mercedes-Benz C450 AMG and GLE450 AMG, which are performance variants of those cars but stop short of the full-performance models.
The move is similar to how other luxury automakers watering down expanding their performance lines, such as Audi’s S-line and BMW’s M-division.
Not since 2009 has General Motors ended a calendar year with more total pickup truck sales than Ford. Moreover, not since 2009 have General Motors’ full-size pickup trucks, combined, outsold the Ford F-Series.
As GM’s current generation of pickup trucks overcame their slow start and GM added midsize pickup trucks to their fleet – and as Ford entered a transition phase between old F-150 and new aluminum-bodied F-150s – 2014’s results were close. Yet even in those circumstances, Ford Motor Company sold 1,000 more pickup trucks than General Motors in the United States last year.
2015 is very, very different. As Ford gradually ramped up F-150 availability for much of the year and as the clear-out of remaining last-gen models ended, total F-Series sales slid 2.4 percent through the first half of this year. Meanwhile, GM’s full-size twins are stealing market share, not just from the F-Series, but from the Ram P/U range, as well. Read More >
Back in 2014, Volkswagen of America and Volkswagen Canada announced that 2015 would be the final year of the Eos. In the U.S. that meant the Final Edition trim replaced the Sport trim between the Komfort and Executive trims. In Canada, a Wolfsburg Edition was the only trim offered — effectively a Highline at the price of a Comfortline.
So, why is there now a 2016 Volkswagen Eos being offered in the U.S. for $4,000 less than before?
It was a lofty goal, a possibility at one point made believable by a sudden onslaught of seemingly indisputable evidence.
Volkswagen Of America determined that in 2018 the brand would generate 800,000 U.S. sales.
Indeed, between the industry’s doldrums in 2009 and 2012 the Volkswagen brand recorded a 104-percent improvement as U.S. auto sales rose by a far more modest 39 percent.
The task then seemed simple enough. After proving they could double their volume over the span of just three years, Volkswagen needed another doubling over the span that was twice as long. Which, it turns out, wasn’t to be so easy. Read More >
Total Fiat Chrysler Automobiles volume is up six percent this year thanks to record sales at Jeep, FCA’s top-selling outlet. However, despite that wave of Jeep-directed affection in the U.S., sales at the company’s other brands have fallen two percent through the first nine months of 2015.
Even in September, an extraordinarily high-volume month for the U.S. auto industry, a month in which sales shot up 15 percent compared with the same period one year earlier, FCA’s non-Jeep marques posted only a modest one percent increase. Jeep’s 40 percent surge to more than 77,000 sales produced a 14 percent overall uptick for FCA’s U.S. operations, which includes Chrysler, Dodge, Jeep, and Ram plus Fiat and Alfa Romeo. Read More >
The FR-S did not turn out to be Scion’s savior. Doubts regarding the ability of a conventional hatchback and a subcompact sedan — the brand’s first sedan — to rescue a brand that was built on unconventional cars have been expressed in many corners.
Yet with the arrival of those two cars, the iA and iM, Scion was the fastest-growing car brand in America in September 2015 and the second-fastest-growing brand overall. Read More >
Update: We finally heard back from Volkswagen Canada (though, as you can imagine, their media relations department is probably a tad bit busier than usual).
The $2,000 amount is being offered as a “loyalty discount” for current TDI owners, regardless of size or type of diesel engine, for any new Volkswagen, regardless of engine and fuel type (except for stop-sale models, obviously). TDI owners do not need to trade-in their EA 189-equipped cars to qualify.
We attempted as best we could to confirm the ‘discount-on-trade-in’ story and we were given evidence to support the original story in La Presse. However, the truth was to the contrary. We apologize for the error.
The article now reflects the update.
Volkswagen Canada is offering a $2,000 incentive for current TDI owners, regardless of the age of the car or type of TDI engine, toward any other new Volkswagen model.
La Presse spoke to a dealer in Montreal who stated that they are taking affected TDI models in on trade and offering the discount. However, the discount is being offered as a “loyalty discount” to all TDI owners, and a trade-in is not required.
Twelve days after early reports revealed that Volkswagen Of America’s TDI Clean Diesels weren’t so clean after all, Volkswagen reported a one-percent U.S. sales increase for the month of September 2015, the month in which the emissions fraud was revealed.
But did Volkswagen’s U.S. volume truly rise? And if so, what kind of extra volume is generated by a one-percent uptick? Moreover, while Volkswagen trickled forward with just its fourth year-over-year U.S. monthly sales improvement in 2015, what was the rest of the auto industry accomplishing? Read More >
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