Unperturbed by propaganda that the Japanese import market is closed, and that setting up new cars dealerships in Japan is just about impossible, a myth propagated by an unholy UAW/D3 alliance to detract from the tariff and regulatory walls protecting the American market, Tesla opened its second Japanese showroom in Osaka. (Read More…)
We all know that the value of a car crashes the moment we drive it off the dealer lot. Some do more, some less. Edmunds compiled which brands and makes hold their value more than others.
On a brand level the most prudent cars are made by Acura (honorable mention to Lexus and Infiniti), and, for the more rugged types, by Jeep (honorable mention to Ram and Jeep.) However, people choose brands, but buy cars. So here are Edmunds’ “Best Retained Value Awards” by segment.
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If and when China’s car export machine ever gets going in earnest, the city of Chongqing in Western China could become one of its main export hubs. Chongqing is not a sea port. It is the far eastern terminus of a 7,000 mile railroad line that connects Chongqing with Duisburg in Germany. (Read More…)
The electric vehicle revolution has eaten another one of its children. “U.S. electric car manufacturer Miles Electric Vehicles filed for chapter 11 bankruptcy protection early on Tuesday, court documents showed, highlighting the difficulties faced by battery-powered vehicles in gaining wide market acceptance,” says Reuters. (Read More…)
The recent rise in U.S. car sales emboldened forecasters to predict that 16 million units will be made in North America this year. Some already raise a specter that was thought to be dead for nearly a decade: Capacity constraints.
According to Automotive News [sub]
“Automakers are expected to build more than 16 million light vehicles in North America this year, the region’s highest output since 2002. Two major forecasters, LMC Automotive and IHS Automotive, predict that production will rise from last year’s 15.5 million units as the U.S. economy continues to improve. “
LMC’s Jeff Schuster said: (Read More…)
When Spyker sued GM for mucking with Saab’s failed deal with Youngman, and wanted $3 billion for its trouble, TTAC’s resident garage lawyers did not give Spyker big odds.
Yesterday, the suit was thrown out. (Read More…)
When I saw the TTAC alias “gimmeamanual” the first time, I thought the guy wanted a stick. Today, I received an email from someone called JustGiveMeTheDamnManual. Again, I thought he must despise the automatic, and must want a stick shift real bad. Then, I visited his website.
GM is sitting on 4.5 months of slow-moving Volt inventory, says the Detroit News. To make matters worse, production on the 2014 model is about to start. To make a dent into the 140 days of Volt supply, what do you think GM will do? (Read More…)
“Detroit autoworkers have long been stereotyped as hard-drinking, overweight smokers,” says the Detroit News. Soon, Ford workers will be able to make more money by giving up smoking and by losing weight. Booze has not been mentioned yet. (Read More…)
The Chinese car market keeps plodding along. Total vehicle sales were 1,761,500 in May, up 9.81 percent. Passenger car sales were up 9.04 percent to 1,419,700 units. Commercial sales were up 12.88 percent to 364,600 units, the Chinese auto manufacturer association CAAM says.
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GM has rocky relations with its Korean unions, and the relations will get a lot rockier if what Germany’s Handelsblatt says is true. According to the report, GM is seriously looking into moving most of the production of the Opel Mokka to Europe.
Currently, the hot selling SUVlet is made in South Korea only. Says Reuters: (Read More…)
Russia is one of the BRIC countries, the folks that are supposed to power the world to new prosperity. Too bad Russia is running out of steam. Russian car sales dropped 12 percent in May, the Association of European Businesses (AEB) told Reuters. (Read More…)
To hell with saving gas: As TTAC’s sales analyst Tim Cain wrote a week ago, big trucks are back with a vengeance. It’s not just that sales are up by double digits. Transaction prices are up big.
“In many ways, this may be an even better time than before the recession,” writes Automotive News [sub]. “Although volumes remain well below the previous peaks, average transaction prices for full-sized pickups have increased at more than double the average rate for the industry since 2005.” (Read More…)
Your Carfax data is going to new hands. IHS, the company that owns businesses from the defense publication Jane’s all the way to the not always reliable Global Insight, told Reuters that “it struck a deal to buy privately held R.L. Polk & Co, the owner of used-car history provider Carfax and a leading provider of auto industry data.” (Read More…)
“Hybrid and electric cars are sparing the environment. Critics say they’re hurting the roads,” writes Bloomberg. “The popularity of these fuel-efficient vehicles is being blamed for a drop in gasoline taxes that pay for local highway and bridge maintenance, with three states enacting rules to make up the losses with added fees on the cars and at least five others weighing similar legislation.”
(Read More…)
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