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Archive for the ‘Sales’ Category

Cadillac Going Small With New XT4 Crossover

New model looks to make impact in U.S, China

by on Sep.17, 2018

Cadillac is counting on its new compact crossover, the XT4, to revitalize and expand its buyer base.

Sitting at the very top of the famous pyramid that Alfred P. Sloan used to define the automotive market and values, Cadillac has always been General Motors’ flagship, offering style, luxury and innovation in a series of celebrated big vehicles that in the decades after World War II defined American affluence and influence.

But as the Post-War era gave way to a more complicated and contentious time, Cadillac has often seemed lost in the ongoing competition from Europe and Asia. But the brand’s masters at GM are eager to correct the course with a fleet of new vehicles they believe will redefine the brand’s image among luxury buyers particularly younger buyers.

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Now it’s trying to build on its rich heritage at the same time it reaches into new segments where it never has been much of a factor in the past. (more…)

Fade of Zero-Percent Financing Makes Leasing More Appealing

Rising interest rates pushing buyers toward leases.

by on Sep.14, 2018

Zero-percent financing deals are increasingly difficult to find these days, pushing some into leasing.

Car shoppers are always looking for a deal, and often they’re excited by the prospect of zero percent financing; however, those deals are getting tougher and tougher to find.

The percentage of sales with zero percent finance deals has been cut in half in the last two years — dropping from 14.6% of transactions in August of 2016, to 10.4% last August to just 7.4% this August, according to Edmunds.

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This drop during the last three Augusts sparks interest because zero percent financing deals usually abound in August and September.

“August truly represents the month that we would have expected to see a turnaround in this trend if one was imminent,” said Jeremy Acevedo, Edmunds’ manager of industry analysis. “Moving forward, shoppers will likely need to do a bit more digging to find other ways to save on a new vehicle because it looks like zero percent finance deals are going the way of the dodo.”

(more…)

Mercedes-Benz Debuting New GLE Ute at Paris Motor Show

German automaker skipping Detroit show.

by on Sep.12, 2018

Mercedes-Benz plans to debut the new 2019 GLE at the Paris Motor Show next month instead of in Detroit in January.

Mercedes-Benz plans to show the new 2019 GLE at the Paris Auto Show, marking a bit of a change in its marketing strategy.

In the past, the GLE, which is built at the big Mercedes-Benz assembly plant in Tuscaloosa, Alabama, would probably been shown at the North American International Auto Show in Detroit in January since the vehicle will go on sale in the U.S. in 2019.

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The GLE will also be exported to China, though sales of the GLA have been crimped in the Chinese market by new tariffs. Mercedes, however, has elected to skip the 2019 NAIAS but is eager to show of the new GLE, which will reach the market with loads of new technology. (more…)

The Cheapest Place to Own an Electric Vehicle? New Orleans

Short commutes, lower electricity costs put the Big Easy on top.

by on Sep.11, 2018

New Orleans is the cheapest city in the country for electric vehicle commuters, according to Crescent Electric.

It’s generally accepted that it’s cheaper on an annual basis to drive an electric car than a gasoline- or diesel-powered vehicle.

Electricity is cheaper than both oil-based options, but how big a bang you’re getting for your buck really depends on where you live, according to a study by Crescent Electric. The study examined the 52 largest markets in the U.S. to determine the cheapest to own an electric vehicle.

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Right now, the livin’ is cheap in the Big Easy for EV owners. New Orleans is the cheapest place to own an electric vehicle at just more than $54 a year. (more…)

Ram Using “Family” Colors on New Farm Trucks

Case Red and New Holland Blue keep truck colors in the family.

by on Sep.11, 2018

Ram has added two new colors for its "farm" trucks: Case Red, above, and New Holland Blue.

Fiat Chrysler Automobiles N.V. plans to utilize the colors from farming equipment to enhance the appeal of Ram in the nation’s farming communities.

The 2018 Ram Chassis Cab Harvest Edition is specifically designed for farming. The truck is visually distinguished by two limited availability colors: Case IH Red and New Holland Blue.

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Case IH and New Holland farm tractors and other agricultural equipment are manufactured by subsidiaries of CNH Industrial. CNH Industrial N.V. shares a common ancestry with Fiat Chrysler Automobiles N.V. CNH, which like Fiat Chrysler N.V., which are controlled by Exor, the holding company owned by the Agnellis, Fiat’s founding family. (more…)

Mercedes’ Future Comes Alive With Vision Urbanetic

New vehicle is Mercedes' glimpse into future mobility.

by on Sep.10, 2018

Mercedes-Benz unveiled its Vision Urbanetic concept. Shown here as a people mover, it's the company's take on future mobility.

Mercedes-Benz looked into the future to find ways to move people and things efficiently and quietly around cities and developed the Vision Urbanetic concept, which uses an electric powertrain and configurable bodies to do exactly that.

The result is a self-driving, electrically powered chassis that can take different switchable bodies for people moving or goods transport. As a ride-sharing vehicle, Vision Urbanetic can accommodate up to 12 passengers, while the cargo module can carry up to ten EPAL pallets.

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The interior cargo space is about 12.5 feet long while the entire vehicle is nearly 17 feet long. The vehicle can be incorporated into an IT infrastructure that analyzes in real time the supply and demand within a defined area.  (more…)

Trump Puts Ford in Twitter Crosshairs About China-Built Focus

President says car should be U.S.-built, Ford says it's not profitable.

by on Sep.10, 2018

President Trump is tweeting about Ford again, claiming the automaker should build the Focus Active in the U.S.

Ford Motor Co. is back in the twitter crosshairs of President Donald Trump, who claims the automaker should be able to build a vehicle profitably in the U.S. instead of China due to the tariffs he’s put in place.

“’Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs.’ CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!” Trump tweeted Sunday.

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In late August, Ford announced its was cancelling its plans to sell the Ford Focus Active, a wagon-like crossover built in China, in the U.S. because the 25% tariff Trump instituted on vehicles imported from China into the United States made it unprofitable. (more…)

EV Sales Expected to Jump to 30% Overall by 2030, Supplier Claims

Schaeffler execs say America will lag China, Europe in EV acceptance.

by on Sep.06, 2018

Schaeffler's Mover electric vehicle is designed to also be autonomous acting as a shuttle in certain areas.

Electric vehicles could account for 30% of the cars and trucks sold worldwide by 2030, executives from one of the auto industry’s major suppliers said during a symposium the company organized in Detroit.

Marc McGrath, president of Schaeffler Automotive Americas, said the shift to electric vehicles will be slower in North America than in China or Europe where “people are running away from diesel” and several cities have moving to ban the internal combustion engine altogether.

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Schaeffler, a German-based company that supplies high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearings.  (more…)

Trucks, Sport-Utes Continue to Gain Market Share

Crossovers and utes remain atop customers' wishlists.

by on Sep.05, 2018

The Hyundai Kona is just one of the many utility vehicles gaining sales traction in the U.S. these days.

Trucks and utility vehicles continue to take an ever-increasing share of the new vehicles sales in the United States once again during August.

The changes rolled right across the industry changing the balance of sales by brands ranging from Mercedes-Benz to Hyundai. Mercedes, which made its reputation selling luxury sedans, doesn’t even have a pickup truck in its model line but utility vehicles now account for 50% of its sales in the U.S.

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Over the years, Hyundai has built its sales on selling efficient, competitively priced passenger cars. However, this year’s, Hyundai, which doesn’t sell any kind to truck in the U.S., has seen its sales of utility vehicles grow to account for 49% of its total sales in the U.S., according to Mike O’Brien, Hyundai vice president of product, corporate and digital planning. (more…)

August Auto Sales Turn in Better-Than-Expected Results

Positive economic news overwhelms sales deterrents.

by on Sep.04, 2018

Fiat Chrysler sales rose in August, including a 10% jump in Wranglers, and Ram set a new record.

Despite talk of sales slowing, Fiat Chrysler N.V., Nissan, Volkswagen and Audi all reported sales increases for August.

FCA reported sales of 193,718 vehicles, a 10% increase compared with sales in August 2017 of 176,033 units. Overall, FCA US retail sales rose 17% to 164,727 vehicles. Fleet sales, which the company is trying to cut down, accounted for 15% of total sales.

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Sales were led by both the Jeep and Ram brands. Ram posted two new records for the month. (more…)