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Archive for the ‘Sedans’ Category

Used Car Sales Tracking at Record Pace as New Car Sales Fade

Higher prices on new vehicles, large number of off-lease cars spur move.

by Michael Strong on Mar.22, 2019

Used vehicle sales are on the rise and appear likely to set a new record again in 2019.

New car sales are on a very slow decline in the U.S., part of that decline is the appeal of used vehicles which are expected to hit a record of more than 41 million units in 2019, after setting a new record last year of 40.2 million.

What’s driving trend? Increased prices on new cars is making them less appealing, plus the interest rate hikes are pushing folks out of the new car market. However, they can certainly afford a used vehicle that comes with a much lower price tag that offsets the higher interest rates charged for used over new cars.

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On top of all that, according to Edmunds.com analysts, the industry is expecting a record number of lease returns this year will give shoppers more options than ever in the used market. (more…)

Volvo Using Cameras to Prevent Distracted, Drunk Driving

Move comes after plans to keep top speed to 112 mph.

by Michael Strong on Mar.21, 2019

Volvo plans to use in-car cameras and other sensors to help prevent drunk and distracted driving crashes.

Volvo Cars is looking to finish what it loosely describes as a safety “triangle” by using in-car cameras and other sensors to prevent crashes and fatalies due to drunk or distracted drivers by 2021.

Last month, the company introduced the first “side” of the triangle by limiting the top speed of its non-Polestar vehicles to 112 mph. Now by ensuring whomever is behind the wheel is capable of making appropriate decisions, Volvo believes it is significantly closer to its goal of zero traffic deaths.

Safety News!

“When it comes to safety, our aim is to avoid accidents altogether rather than limit the impact when an accident is imminent and unavoidable,” said Henrik Green, senior vice president, Research & Development at Volvo Cars. “In this case, cameras will monitor for behavior that may lead to serious injury or death.” (more…)

GM Declined Offer to Keep Lordstown Plant Open

Cleveland car dealer wanted Cruzes for ride-hailing business.

by Michael Strong on Mar.19, 2019

GM Chairman and CEO Mary Barra reportedly turned down a deal that would have kept the Lordstown plant open.

General Motors Co. could have avoided the latest round of flogging via Twitter from President Donald Trump about its Lordstown, Ohio plant if it had accepted an offer from one of its dealers.

Cleveland-based dealer Bernie Moreno reportedly met with GM officials last fall with an offer to buy as many as 180,000 Chevy Cruzes annually as part of a nationwide ride-hailing fleet to rival Uber and Lyft. The deal could have run as long as five years, according to a Detroit Free Press story.

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Moreno owns a dozen car dealerships across the country selling brands ranging from Lotus and Rolls Royce to Mercedes-Benz to Buick and GMC. However, GM officials studied the deal and then declined the offer apparently viewing it as not viable. The plant was idled last month as the last U.S.-built Cruze rolled off the line. (more…)

Aiming to Launch Tesla Model Y Challenger in 2021, Fisker Searching for Plant Site

Electric SUV planned at "below $40,000."

by Paul A. Eisenstein on Mar.18, 2019

The Fisker SUV will adopt an SUV style and offer more interior space than the typical ute by placing key components under the floorboard.

Long-time automotive designer and entrepreneur Henrik Fisker is readying a challenger to the upcoming Tesla Model Y that will be ready for production during the second half of 2021 at a price of “below $40,000.”

With a range estimated at “around” 300 miles, Fisker Inc. plans to produce it at a factory in the U.S. and is currently searching for a plant site in one of eight states, the Danish-born executive told TheDetroitBureau.com in an exclusive interview. The company is putting an emphasis on acquiring an existing factory, preferably one of the many abandoned auto plants around the U.S.

Beyond the Headlines!

“We hope to pick a site within the next eight to 10 weeks,” Fisker said, noting that a Midwest site with ready access to existing suppliers is high on the priority list, though the final choice would also be impacted by available incentives.

(more…)

Cadillac’s New CT5 Revealed Through a “Sensory Symphony”

“We’re very much committed to sedans,” says brand boss Carlisle.

by Paul A. Eisenstein on Mar.18, 2019

The Sport edition of the 2020 Cadillac CT5.

Hoping to rebuild momentum for its struggling turnaround strategy, Cadillac has been putting a premium on SUVs, rolling out new models like the XT4 and XT6 this past year and preparing to upgrade the older XT5 and Escalade models, as well.

That’s a logical move, considering utility vehicles now dominate the luxury car market. But General Motors’ flagship brand isn’t abandoning its more traditional product family. The CT5, the new midsize sedan that will be replacing the old CTS, is making its debut today through a broad social media campaign it is calling a “Sensory Symphony,” ahead of its more formal appearance at the New York International Auto Show next month.

Product News!

“We’re very much committed to sedans. Let me clear the air about that,” said Caddy President Steve Carlisle said during a media background briefing.

(more…)

Millennials Bucking the Automotive Trend With Driving Choices

Honda Accord is vehicle at the top of the list.

by Michael Strong on Mar.18, 2019

The Honda Accord is the top choice for millennials despite the fact they could likely afford a more expensive vehicle.

For so long, they’ve been the generation of non-drivers content to Uber their way through the world while staring at their iPhone or Samsung Galaxy. However, now that millennials are indeed driving, it’s time to see WHAT they’re driving.

Millennials may be content to spend big money on electronics, it appears that doesn’t translate to their vehicles, according to new study showing that the most popular vehicle among drivers 22 to 37 years old is the Honda Accord.

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This choice of a $23,000 sedan reinforces that millennials aren’t bound to follow the choices made by their parents or others. (more…)

Mustang Electrified?

Ford counter-programs debut of the Tesla Model Y and hints of a high-performance CUV to come.

by Paul A. Eisenstein on Mar.15, 2019

“Hold your horses,” or so said Ford Motor Co. in a tweet not-so-coincidentally timed to reach the social media world just as Tesla CEO Elon Musk was getting ready to debut his company’s new Model Y battery-electric SUV.

The Ford post featured that short blurb and a blue version of the Mustang logo against a black background, nothing more. But it does hint at several projects that Ford has already confirmed are in the works. That includes both a hybridized version of the pony car, as well as a Mustang-influenced all-electric SUV that Ford announced during the 2018 North American International Auto Show in Detroit.

Electrifying News!

An early player in the electrification field, Ford has fallen behind not just Tesla but conventional rivals like General Motors and Volkswagen, both investing heavily in long-range, battery-electric vehicles, or BEVs. Ford officials say they are going to make a push to catch up and have confirmed that the first entry into next-gen electric technology would be a performance-oriented crossover tentatively named Mach 1 and due to market about when the Tesla Model Y hits the street about a year from now.

(more…)

Tesla Backtracks on Store Closures; Raises Prices 3% Instead

$35K Model 3 exempt from price increase.

by Michael Strong on Mar.11, 2019

Tesla announced it will only close half of its stores and offset that by raising prices 3%.

Tesla buyers looking to walk into a store to buy a new vehicle were disappointed recently when Chief Elon Musk said the company would close the stores to cut costs — now they can rejoice.

In a blog post, the company announced it would only close about half of the stores across the country, after a spate of negative feedback about the move initially.

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“Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced,” the electric carmaker said.  (more…)

Karma Set to Debut Three “All-New” Models in Shanghai

List includes next-gen Revero and first all-electric model.

by Paul A. Eisenstein on Mar.08, 2019

Karma is promising to reveal its "New Dawn" product portfolio at the 2019 Auto Shanghai.

Its been nearly a decade since the original Fisker Karma made its debut and though the plug-in hybrid sports car still looks surprisingly fresh, there’s no question it is living on borrowed time.

With only a few minor modifications, the PHEV is today known as the Karma Revero, the sole product of a Chinese-owned company that purchased the assets of the bankrupt Fisker Automotive back in 2013. But now, it seems, Karma Automotive is finally ready to update its line-up.

News You Can Trust!

Based in the Silicon Valley mecca of Palo Alto, the automaker says it will reveal three “all-new” models at Auto Shanghai 2019 next month. What it is calling its “New Dawn” product line-up includes not only an all-new version of the Karma Revero but also an all-electric model, as well. The third product appears to be a concept that Karma has developed in partnership with the Italian design house Pininfarina. (more…)

Poor February Auto Sales Confound Analysts

Industry to see run on new leases in next few months.

by Joseph Szczesny on Mar.07, 2019

Winter weather and rising prices kept sales down in February, surprising some analysts.

After of drop sales in February of 2.8%, the auto industry is facing unsettled times during the next few months, analysts predict.

“February had a lot of good economic news to support a healthy vehicle market outlook, but that may not be coming to pass. The stock market has had a tremendous ride since the start of the year and consumer confidence, which took a tumble in January, has regained much of its decline,” observed Charlie Chesbrough, Cox Automotive senior economist.

News You Can Trust!

“With January’s government shutdown and record-breaking sub-zero temperatures in the rearview mirror, we expected a general upward lift in February,” he said. (more…)