With pricing for the Audi Q3 and Mercedes-Benz GLA announced, the fight for the luxury compact crossover sales crown is officially on. It’s going to be the most important battle of the year for the luxury car market.
Though companies such as Lyft, Car2Go and Uber aim to help the young and the carless get around town without the need for owning a car — Uber wanting to go as far as to replace car ownership, period — the millennials eventually decide to go all in on individual car ownership.
The Lexus GX seems to truck along in the American marketplace with little fanfare. Aside from a brief rollover scare, the GX’s most notable achievement appears to be as the ride of choice for family members of Lexus dealer principals and Central Asian warlords. But Ward’s Auto reports that a bit of magic by Lexus product planners has helped double sales in just over a year.
Buried in a feel good story about auto loans comes the news that subprime auto loans are at levels that we haven’t seen in nearly a decade.
In June, Nissan announced that Leaf owners could obtain a replacement battery pack for $5,500 upon trading in the old unit. While a boon to said owners, the automaker is losing blood on the deal every time a pack is sold.
First it was Mitsubishi that inked a deal with Renault Samsung to bring their wares over here as Mitsubishi branded cars. Now Fiat is getting into the action, by having Renault produce an unspecified commercial vehicle.
Not that long ago, buying a half-ton pickup with anything other than a V8 engine was looked upon as a sign of mental illness or an inadequate reserve of masculinity. The introduction of the Ford Ecoboost V6, as well as Ram’s gasoline and diesel V6s has shifted the tide more towards smaller cylinder counts, but Ford is projecting a big shift in take rates for the next-generation F-150.