It’s not something a Lincoln aficionado, or even anyone with a general appreciation for history, wants to hear, but sources with knowledge of Ford Motor Company’s product plans claim the Lincoln Continental is headed for the grave.
Speaking to Ford Authority, the sources claim Lincoln’s full-size flagship sedan won’t see a second generation, with parent company Ford choosing to pull the plug and discontinue the slow-selling model instead. (Read More…)
Volkswagen doesn’t make much of a fuss about becoming the world’s largest automaker these days, mainly because it’s already cleared that hurdle — and in the wake of the diesel emissions scandal, no less. In the United States, however, one long-helg goal remains elusive: reaching a 5 percent market share.
While the automaker claims its top priority is shoring up its U.S. business with new, Americanized product, old dreams die hard. VW still wants the kind of market share it enjoyed in 1970, but it’s not even halfway to reaching that goal. (Read More…)
The Ford Mustang grabbed its passport and went overseas in 2015, crossing border after border as its parent company followed through on a plan to plunder (and grow) the right-hand-drive sports car market. Customers in Europe and China finally got a taste of pony car action as Mustang sales expanded to over 140 countries.
At home, the Mustang remains a strong seller, but the market’s growing distaste for passenger cars means even rear-drive coupes and convertibles with a storied heritage aren’t immune to volume loss. After reaching a post-recession U.S. sales high of 122,349 cars in 2015, Mustang sales fell to 81,866 units last year. Volume over the first two months of 2018 is down 21.1 percent over the same period last year.
Not to worry — the Mustang’s European popularity is keeping executives in Dearborn happy, right? Well, European customers help, but they’re far from the model’s savior. Especially if they stop buying. (Read More…)
If German automakers keep calling SUVs and five-door liftbacks “coupes,” maybe we’ll see a reversal of this trend. For now, however, American car buyers have never been quite so unimpressed with “cars” come trade-in time.
According to Edmunds’ annual Trade-In Loyalty Report, passenger cars just don’t have what it takes to lure buyers back into the three-box lifestyle. Sport utility vehicles, on the other hand, have all the appeal of a WWII pinup model parachuting into an overseas USAF base. (Read More…)
The early-to-mid 2000s wasn’t an era of great automobile design. Frankly, most automakers should be ashamed of themselves. However, among all of the Tauruses and Malibus and bloated Accords, one midsize, low-priced sedan stood out from its peers: the Nissan Altima of 2002, which propelled the former also-ran from visual dud to eye candy stud.
The Altima’s clean, dignified design made buyers stop and look, propelling sales to new heights. Even a decade-and-a-half later, it’s still a good-looking car that — rust aside — aged well. Unfortunately, rounded, forgettable styling later drained some of the model’s appeal.
As sales of all midsize cars fall, the Altima included, Nissan hopes a radical redesign can slow the descent. (Read More…)
Hamstrung by Chinese animosity towards South Korea and a crossover lineup that wasn’t sufficiently buffet-like, the Hyundai brand missed its global sales target by nearly 600,000 vehicles last year. It’s a well-reported slump, and we’ve told you about the automaker’s strategy to get its mojo back.
Crossovers, man. Lots and lots of crossovers.
While fleshing out its lineup of two- and three-row haulers seems like a perfectly reasonable plan in a world addicted to cargo volume, it looks like Hyundai’s not stopping there. Some buyers will surely want more power, and Hyundai’s prepared to deliver it. (Read More…)
After serving as head honcho of a brand that’s enjoyed 10 consecutive years of sales increases in the United States, Subaru of America CEO Tomomi Nakamura is headed to Japan to work the same kind of magic on the automaker’s global business.
On Friday, Nakauma was tapped as the next president of Subaru Corporation, the multi-armed conglomerate once known as Fuji Heavy Industries. He’s served in that role since 2014. In his place, Subaru of America president Tom Doll takes the biggest office at Subaru of America HQ, making him the first American to hold the position since Subaru took over the U.S. division in the waning days of disco.
It’s now Doll’s responsibility to see that Subaru’s hot streak continues, even in this era of cooling demand and technological disruption. (Read More…)
As we told you earlier this afternoon, two of the Detroit Three automakers posted significant year-over-year U.S. sales decreases last month. Ford Motor Company and General Motors both saw American sales volume sink by 6.9 percent. While passenger cars both low-end and premium can usually take the blame for any sales decrease, general wisdom says buyers will gravitate in equal numbers towards SUVs, crossovers, and trucks, cancelling out most, if not all, of the sales exodus.
This isn’t always true. In February’s case, Ford can lay some of the blame at the foot of its best-selling crossover, while GM can finger its full-size truck lineup. Ford Escape sales sank 23.9 percent in February, year over year — a loss making up roughly three-quarters of Ford’s missing vehicles. As customers await new versions of the Chevrolet Silverado and GMC Sierra, the aged models brought in fewer buyers than the same month in 2017 — 16.3 and 25.3 percent less, respectively. Like Ford, that’s roughly three-quarters of GM’s missing February volume.
A 15 percent year-over-year decline at the Ram brand — itself awaiting a new half-ton — brings home the importance of pickups in 2018. (Read More…)
With only 24 selling days in which to make a buck in February, the nation’s automakers found themselves staring down the tunnel of a short month. In many parts of the country, the weather at this time of year doesn’t help matters, either.
Most major OEMs saw fewer machines wend their way off dealer lots, with a few notable exceptions.
The only thing missing is a cabriolet. With the unveiling of its new UX subcompact (“urban compact crossover” in Lexus parlance), Toyota’s premium division now spans the utility segment gamut, with models ranging from ultra-small unibodies to full-size, body-on-frame luxo-barges.
Lexus’ European arm pulled the wraps off the UX on Tuesday, ahead of the global model’s world premiere in Geneva next week. In the model’s sights are a trio of pint-sized Germans and a singular Japanese foe, all competing for a slice of a segment with unclear growth prospects. (Read More…)
The strange saga of the Scion brand ended in 2016, but there’s still two holdouts from Toyota’s foray into the funky youth market: the Corolla iM and the Mazda 2-based iA sedan.
Across the Atlantic, the iM carries the Auris name, and there’s a next-generation model scheduled for a public unveiling at next month’s Geneva Motor Show. If Toyota deems the current iM’s sales sufficient, this third-generation Auris will become your second-generation iM. (Read More…)
As market share swings rapidly towards SUVs and crossovers, automakers have had to sit down with their accountants and crystal ball to map out a product strategy for the future. The questions swirling in an executive’s mind are easy to imagine: Are cars worth it? Is it still useful having a minivan in the lineup? Does the future call for crossovers, not cars, in every size class?
Fiat Chrysler’s American divisions have already pulled out of the compact and midsize car market, and forget about the possibility of a subcompact. Minivans? Nah. Ford Motor Company’s non-truck lineup looks to be headed down a similar road. At Kia, however, there’s not one or two, but six passenger cars on offer, spanning the subcompact to full-size premium segments. Like minivans? They’ve got ’em, too.
Is this a smart strategy for a brand that saw its sales fall 8.9 percent in the U.S. last year? Sure, says Kia’s vice president of product planning — it means certain buyers aren’t being forgotten. Not everyone wants a crossover. One thing Kia won’t do, however, is follow its corporate sibling Hyundai down certain product paths. (Read More…)
The photo you see above is your first glimpse of the 2019 Kia K900 — the second generation of the Korean automaker’s full-size flagship sedan. If Kia’s lucky, it won’t be your last time seeing it.
Sold overseas as the K9 or Quoris, the first-gen model appeared on U.S. shores in early 2014 with Hyundai Equus underpinnings, rear-wheel motivation, a choice of V6 and V8 engine, and LeBron James as a spokesman. Sales crested the 2,500-unit mark in 2015 before falling to 455 in 2017. Like Bigfoot, the K900 is large and rarely spotted.
Kia hopes to change that with the new model. (Read More…)
Stately. Elegant. Dignified. Endangered?
This isn’t the first time someone has applied that final descriptor to flagship passenger cars, and with good reason. As SUVs gobble into traditional passenger car market share, sales of even the most prestigious sedans have taken a hit — leaving premium automakers wondering “what’s next?”
Well, more SUVs, for one, but also more electrification. Luxury car buyers have shown themselves to be more receptive to plug-in hybrid or fully electric vehicles, but more importantly, one pesky American automaker — Tesla — is threatening to eat everyone’s lunch.
In Europe, competition between the Old World and Silicon Valley is heating up, and the newcomer is winning the sales race. (Read More…)
U.S. light vehicle sales sunk slightly in 2017 after years of increases, and this year’s not looking any different. In Russia, however, it’s the opposite situation. After making like the Germans at Stalingrad for the past three years, the Russian car market is now advancing like a T-34 tank — and it has the country’s most famous car brand to thank for it.
Leading the pack is none other than Lada, a company known for cranking out archaic, seemingly indestructible Iron Curtain cars for decades with only minimal changes. That was then, though, and this is now. Spurred by a rebounding economy, sales of new Lada models helped Renault-owned parent company Avtovaz drastically cut its losses in 2017.
Lada’s top brass can give credit to a very Western product strategy. (Read More…)
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