The Truth About Cars » Sales http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 02 Aug 2015 16:00:32 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Sales http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com/category/news-blog/sales/ Campbell Points Fingers At Kett, Manley, Marchionne in Defense http://www.thetruthaboutcars.com/2015/08/campbell-points-fingers-at-kett-manley-marchionne-in-defense/ http://www.thetruthaboutcars.com/2015/08/campbell-points-fingers-at-kett-manley-marchionne-in-defense/#comments Sun, 02 Aug 2015 16:00:32 +0000 http://www.thetruthaboutcars.com/?p=1131633 The court case against former FCA Australia executive Clyde Campbell is turning into a venerable who’s-who of decision makers at the company, reports The Age. Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, […]

The post Campbell Points Fingers At Kett, Manley, Marchionne in Defense appeared first on The Truth About Cars.

]]>
1438207098198

The court case against former FCA Australia executive Clyde Campbell is turning into a venerable who’s-who of decision makers at the company, reports The Age.

Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and head of FCA Sergio Marchionne.

Campbell’s statement of defense comprises of many claims about instructions received by him from executives further up the chain of command.

One item of contention has to do with dealerships owned by formerly disgraced Mercedes executive Ernst Lieb and business partner David Piva. Campbell authorized payments from FCA to the pair to buy dealerships in Australia in order to increase FCA sales in Australia to 20,000 units per year by any means necessary.

From The Age:

Mr Campbell claims he authorised that expenditure on the instructions of Mr Manley, who “implied by a direction to increase FCA’s dealerships to 100 by June 2012″ that such deals were needed.

According to Mr Campbell, at a management meeting in Shanghai in 2012, Mr Manley told him FCA needed to match the sales volume of Kia and Volkswagen in Australia.

Mr Campbell claims he replied that Kia and Volkswagen had more dealerships and FCA was trying to expand its dealership network. 

According to the court documents, Mr Manley replied with words to the effect: “I’m sick of this excuse. Get 100 dealerships by June next year or you’re out of a job. I don’t care how you do it, I don’t care how much it costs, just get it done. All your marketing is being wasted if you do not have a dealer network to deliver on it”.

Campbell also claims he received “implicit instructions” from Sergio Marchionne and former executive John Kett.

It should be mentioned many of the claims made by Campbell lack supporting evidence.

Other deals as part of the case include the purchase of a plane painted in Alfa Romeo livery (pictured) and a $400,000 Chris Craft yacht.

The post Campbell Points Fingers At Kett, Manley, Marchionne in Defense appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/08/campbell-points-fingers-at-kett-manley-marchionne-in-defense/feed/ 4
TrueCar Involved In “Deceptive Business Practices” Says Lawsuit http://www.thetruthaboutcars.com/2015/08/truecar-involved-in-deceptive-business-practices-says-lawsuit/ http://www.thetruthaboutcars.com/2015/08/truecar-involved-in-deceptive-business-practices-says-lawsuit/#comments Sat, 01 Aug 2015 17:00:21 +0000 http://www.thetruthaboutcars.com/?p=1131417 A lawsuit brought forward by a group of 100 auto dealerships are alleging car-buying service TrueCar of “deceptive business practices”, reports Automotive News. The lawsuit claims TrueCar’s advertising, which proclaims transparency in vehicle transaction prices for customers, does not disclose the $299 and $399 dollar fees that are paid by dealers for new and used car […]

The post TrueCar Involved In “Deceptive Business Practices” Says Lawsuit appeared first on The Truth About Cars.

]]>
truecarprice

A lawsuit brought forward by a group of 100 auto dealerships are alleging car-buying service TrueCar of “deceptive business practices”, reports Automotive News.

The lawsuit claims TrueCar’s advertising, which proclaims transparency in vehicle transaction prices for customers, does not disclose the $299 and $399 dollar fees that are paid by dealers for new and used car sales brokered by TrueCar.

The meaning of “transparency” for TrueCar has been brought to question at TTAC before, as has TrueCar’s use of personal data collected on buyers by participating dealers who must provide said data to TrueCar as a condition of receiving high-quality leads. This data access was reported to be the main reason for a split between TrueCar and dealer group AutoNation.

The group of dealers who’ve launched this latest lawsuit say failure to disclose the fees violates California law as those fees are typically bundled into the final transaction price of the vehicle and passed on to the customer.

The post TrueCar Involved In “Deceptive Business Practices” Says Lawsuit appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/08/truecar-involved-in-deceptive-business-practices-says-lawsuit/feed/ 7
Don’t Buy a 2015 Buick Regal http://www.thetruthaboutcars.com/2015/08/dont-buy-a-2015-buick-regal/ http://www.thetruthaboutcars.com/2015/08/dont-buy-a-2015-buick-regal/#comments Sat, 01 Aug 2015 15:00:28 +0000 http://www.thetruthaboutcars.com/?p=1131353 If you are looking for a new midsize car to add to your driveway and the Buick Regal is on your shortlist, you might want to wait a few months. According to a dealer communique sent out by Buick head Duncan Aldred, the Regal will receive a massive price cut for 2016. Even the top-trim […]

The post Don’t Buy a 2015 Buick Regal appeared first on The Truth About Cars.

]]>
2015BuickRegalGS-6

If you are looking for a new midsize car to add to your driveway and the Buick Regal is on your shortlist, you might want to wait a few months.

According to a dealer communique sent out by Buick head Duncan Aldred, the Regal will receive a massive price cut for 2016. Even the top-trim Regal GS will have its price slashed to make it more competitive as an older offering in a crowded segment.

The letter, sent yesterday, outlines the changes to the Regal as it struggles toward the end of its lifecycle.

The Regal is being simplified and attractively priced to appeal to a broader share of midsize intenders. The 2016 Regal will be available in four trims, with the popular 1SL, 1SP and 1SX all priced dramatically lower than the 2015 trims — with no change in content. Ultimately, we’re giving our customers greater value without sacrificing the features they want.

You’ll find more details in the attached 2016MY Buick Regal Product and Pricing Guide, but a few highlights of the new pricing structure include:

  • Starting price for 2016 Regal GS is $34,990; more than $3,300 lower than the 2015 model
  • 2016 Regal 1SP is priced below the 2015 Regal 1SN (which has been eliminated)
  • 2016 Regal 1SL is now priced below the Nissan Altima SL — yet offers more standard horsepower (+75 hp), more torque (+100 lb-ft) and standard 18-inch wheels

Regal trims will be realigned, eliminating the “Premium I” (1SN) trim and decreasing the “Premium II” (1SP) trim’s price below that of 1SN. GM states there will be no change in equipment. Base price for the Regal will remain unchanged at $27,065 before destination. The biggest cut is to the GS FWD model at $3,320, bringing its price down to $34,065.

In the midsize sedan segment, the Regal only bests the Volkswagen CC and defunct Dodge Avenger in terms of year-to-date sales, having dropped 23.7 percent. June saw sales drop 12.3 percent versus the same month last year.

So, don’t buy a 2015 Buick Regal — unless it’s the base model or a lightly used example traded in by its original owner after less than a year on the road.

The post Don’t Buy a 2015 Buick Regal appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/08/dont-buy-a-2015-buick-regal/feed/ 36
Refer 10 New Tesla X Buyers, Get Your Tesla Model X for Free http://www.thetruthaboutcars.com/2015/07/refer-10-new-tesla-x-buyers-get-tesla-model-x-free/ http://www.thetruthaboutcars.com/2015/07/refer-10-new-tesla-x-buyers-get-tesla-model-x-free/#comments Thu, 30 Jul 2015 20:00:10 +0000 http://www.thetruthaboutcars.com/?p=1129465 Tesla Motors CEO Elon Musk told press Wednesday that people who refer 10 people to buy the company’s new Model X would get one for free, Mashable is reporting (via Car and Driver). The caveats: You need to be the first in your region to refer 10 people (we have no idea on what “regions” mean, […]

The post Refer 10 New Tesla X Buyers, Get Your Tesla Model X for Free appeared first on The Truth About Cars.

]]>
tesladeal

Tesla Motors CEO Elon Musk told press Wednesday that people who refer 10 people to buy the company’s new Model X would get one for free, Mashable is reporting (via Car and Driver).

The caveats: You need to be the first in your region to refer 10 people (we have no idea on what “regions” mean, we asked) and you’d need to do it by Oct. 31.

Despite how you feel about Tesla, the company is proving that an automaker can be run like a tech startup and not a car company.

The incentive is part of a larger program that Musk detailed in his call.

Any current Model S buyer who refers another new Model S buyer gets $1,000 off the purchase of another Tesla. The new buyer also gets $1,000 off the purchase price of their new car too. Refer five new buyers, and you get a tour of the new Gigafactory. Refer 10 new buyers and get $20,000 knocked off the price of a new Model X.

There isn’t a similar program in place for Tesla’s used cars, but Musk said he’d be open to the possibility.

So, who wants to be a Tesla dealer today?

The post Refer 10 New Tesla X Buyers, Get Your Tesla Model X for Free appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/refer-10-new-tesla-x-buyers-get-tesla-model-x-free/feed/ 8
Jeep Posts Biggest Ever Quarterly Sales Total in US http://www.thetruthaboutcars.com/2015/07/jeep-posts-biggest-ever-quarter-us/ http://www.thetruthaboutcars.com/2015/07/jeep-posts-biggest-ever-quarter-us/#comments Thu, 30 Jul 2015 18:00:42 +0000 http://www.thetruthaboutcars.com/?p=1129401 Fiat Chrysler Automobiles said strong North American sales and brisk worldwide Jeep sales propelled the company to a $364 million profit in the second quarter of 2015, despite record fines from the federal government. Overall, the company earned a pre-tax profit of $1.4 billion, which is double the $650 million it made in the same quarter […]

The post Jeep Posts Biggest Ever Quarterly Sales Total in US appeared first on The Truth About Cars.

]]>
Jeep Wrangler American flag

Fiat Chrysler Automobiles said strong North American sales and brisk worldwide Jeep sales propelled the company to a $364 million profit in the second quarter of 2015, despite record fines from the federal government.

Overall, the company earned a pre-tax profit of $1.4 billion, which is double the $650 million it made in the same quarter last year, the Detroit Free Press reported.

The earnings beat expectations for the company, whose profit margins are still below the other domestic automakers. FCA reports its margin was 7.7 percent in the second quarter, up from 4.9 percent last year, but well behind the double-digit margins of Ford and General Motors.

FCA chief Sergio Marchionne delivered the results in London on Thursday. Wall Street responded at 11:30 a.m. ET by boosting the automaker’s shares by nearly 5 percent.

Executives said the Jeep brand was up 19 percent in the U.S. over the quarter, buoyed by record sales of the Wrangler and other models, which was the brand’s best-ever showing, according to Business Insider.

In Europe, FCA posted a $62 million profit, compared to no profit from the same time a year ago. The global automaker said it expects to ship 4.8 million cars by the end of the year.

The post Jeep Posts Biggest Ever Quarterly Sales Total in US appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/jeep-posts-biggest-ever-quarter-us/feed/ 11
Chart Of The Day: Post-Recession Automaker Market Share In America http://www.thetruthaboutcars.com/2015/07/chart-day-post-recession-automaker-market-share-america/ http://www.thetruthaboutcars.com/2015/07/chart-day-post-recession-automaker-market-share-america/#comments Wed, 29 Jul 2015 14:00:32 +0000 http://www.thetruthaboutcars.com/?p=1123689 Since 2010 — when America’s auto industry was in tatters but also in recovery — General Motors, Ford Motor Company, Toyota USA, and American Honda have lost 5.5 percentage points of market share. Through the first half of 2015, those four automobile manufacturers produced 56.1 percent of all new vehicle sales in the United States, […]

The post Chart Of The Day: Post-Recession Automaker Market Share In America appeared first on The Truth About Cars.

]]>
Post-recession-market-share-TTAC-auto-sales-chart-2015

Since 2010 — when America’s auto industry was in tatters but also in recovery — General Motors, Ford Motor Company, Toyota USA, and American Honda have lost 5.5 percentage points of market share.

Through the first half of 2015, those four automobile manufacturers produced 56.1 percent of all new vehicle sales in the United States, down from 61.6 percent in calendar year 2010. 

Fortunately, over the span of five years, the market has boomed back to 2005-like heights. As a result, GM in 2015 may sell more than 3 million vehicles for the first time since 2007. Total Ford/Lincoln sales will be around 33-percent higher than the Ford MoCo total from 2010; Toyota’s 40-percent higher in comparison; Honda’s 22-percent greater.

2015 Ram 1500 Laramie Limited

But where did their market share go? The Chrysler Group, now known as Fiat Chrysler Automobiles, is now the country’s fourth-best-selling automaker; having taken over from American Honda in 2011; having not yet looked back. Together with Nissan/Infiniti, Germany’s four premium brands, and Subaru, the market share lost by GM, Ford, Toyota, and Honda is fully accounted for.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post Chart Of The Day: Post-Recession Automaker Market Share In America appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/chart-day-post-recession-automaker-market-share-america/feed/ 19
Volkswagen Surpasses Toyota in Global Auto Sales http://www.thetruthaboutcars.com/2015/07/volkswagen-surpasses-toyota-global-auto-sales/ http://www.thetruthaboutcars.com/2015/07/volkswagen-surpasses-toyota-global-auto-sales/#comments Tue, 28 Jul 2015 18:00:36 +0000 http://www.thetruthaboutcars.com/?p=1126585 Despite slowdowns in China, Russia and Asia, Volkswagen surpassed Toyota in global auto sales by delivery in the first half of 2015, Automotive News Europe is reporting. Volkswagen sold 5.04 million cars in the first six months of 2015, compared to 5.02 million for Toyota, according to the report. Sales were down 1.5 percent and […]

The post Volkswagen Surpasses Toyota in Global Auto Sales appeared first on The Truth About Cars.

]]>
Volkswagen Wolfsburg

Despite slowdowns in China, Russia and Asia, Volkswagen surpassed Toyota in global auto sales by delivery in the first half of 2015, Automotive News Europe is reporting.

Volkswagen sold 5.04 million cars in the first six months of 2015, compared to 5.02 million for Toyota, according to the report. Sales were down 1.5 percent and 0.5 percent for Toyota and VW respectively.

GM was the third-largest automaker with 4.86 million vehicles.

Volkswagen capitalized on a growing European market to help offset softening Chinese sales. Passenger-vehicle sales fell for the first time in two years in China as that country’s economy responds to market volatility.

Sales slumped in South America, some Southeast Asia markets and sales in Russia have dramatically declined, the story points out.

Deliveries in North America increased by only 4.4 percent, the smallest margin since the economic recovery began in 2009.

The report is the latest in the saga of “Who Wants To Be The World’s Largest Automaker?” with VW on pace to take the crown three years before their executives forecasted. In May, it looked as if VW would take silver thanks to its ongoing leadership shuffle, but a resurgent European market may help. Meanwhile, Toyota may make up ground after a 10-percent gain in China in the first half, according to the report.

The post Volkswagen Surpasses Toyota in Global Auto Sales appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/volkswagen-surpasses-toyota-global-auto-sales/feed/ 21
Ford Posts $1.9B Second Quarter Profit, Largest Since 2000 http://www.thetruthaboutcars.com/2015/07/ford-posts-1-9b-second-quarter-profit-largest-since-2000/ http://www.thetruthaboutcars.com/2015/07/ford-posts-1-9b-second-quarter-profit-largest-since-2000/#comments Tue, 28 Jul 2015 17:00:07 +0000 http://www.thetruthaboutcars.com/?p=1126521 Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News. The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for […]

The post Ford Posts $1.9B Second Quarter Profit, Largest Since 2000 appeared first on The Truth About Cars.

]]>
2015 Ford F-150

Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News.

The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for more money and offering fewer incentives, despite recent reports of F-150 incentives topping nearly $11,000 in some places.

Ford said revenues in North America surged 10 percent, which helped the company beat Wall Street’s expectations.

The 10-percent gain in revenue in North America is despite Ford’s slower-than-average sales compared to the overall industry average. Automotive News reported that the automaker achieved a 1.7-percent increase in sales for the second quarter compared to the industry average of 3.3 percent.

A slowdown in production of the F-150 is partially to blame for the sales shortfall. Building the redesigned F-150 at both of Ford’s plants has gone slower than normal, the automaker said, and inventory levels should return to normal in September.

The automaker said it increased its global market share one-tenth of a percent to 7.6 percent. Twelve of its 16 planned global launches have happened already this year, and Ford said the rest were on track. The company said it was still on track for an end-of-year, pre-tax profit of between $8.5 billion and $9.5 billion.

Ford posted a net loss in South American, European, Middle Eastern and African markets, but posted a $33 million gain in the Asia Pacific region, a 20-percent improvement over last year.

Ford Credit posed a $506 million pre-tax profit for the second quarter, a 17-percent gain.

The post Ford Posts $1.9B Second Quarter Profit, Largest Since 2000 appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/ford-posts-1-9b-second-quarter-profit-largest-since-2000/feed/ 52
Chart Of The Day: Canada Loves FCA And Small Cars, But Not The Dodge Dart http://www.thetruthaboutcars.com/2015/07/chart-day-canada-loves-fca-small-cars-not-dodge-dart/ http://www.thetruthaboutcars.com/2015/07/chart-day-canada-loves-fca-small-cars-not-dodge-dart/#comments Tue, 28 Jul 2015 12:00:39 +0000 http://www.thetruthaboutcars.com/?p=1121761 FCA Canada only sold 220 Dodge Darts in June 2015, a 79-percent year-over-year decline. Through the first six months of 2015, Dart volume is down 55 percent to only 1,979 sales, one-fifteenth the total achieved by the best-selling Honda Civic and equal to just 1.1% of the compact car market. The Dart’s market share in […]

The post Chart Of The Day: Canada Loves FCA And Small Cars, But Not The Dodge Dart appeared first on The Truth About Cars.

]]>
Canada Dodge Dart sales chart

FCA Canada only sold 220 Dodge Darts in June 2015, a 79-percent year-over-year decline. Through the first six months of 2015, Dart volume is down 55 percent to only 1,979 sales, one-fifteenth the total achieved by the best-selling Honda Civic and equal to just 1.1% of the compact car market.

The Dart’s market share in the United States, meanwhile, grew from 3.4 percent in the first-half of 2014 to 4.2 percent in the first half of 2015. Though no industry observer would suggest that the Dart’s U.S. uptick relates purely to increased desirability and demand – and not to cash allowances and fleet-friendliness – the car’s Canadian dive speaks volumes about FCA’s emphasis on light trucks and SUVs north of the 49th parallel.

True, Fiat Chrysler Automobiles’ U.S. outpost is also heavy on “light trucks.” But while 27 percent of the automaker’s U.S. volume this year is derived from passenger cars, just 13 percent of their Canadian sales are generated by cars.

Yet FCA has reported more Canadian new vehicle sales this year than any other automaker, even with a car division that’s lacking consequence, even with buyers unable to actually find cars (only 11 of the 634 new vehicles in stock at my three local FCA dealers are Darts; one of two local Honda stores has 126 Civics), even with their lone competitor in Canada’s biggest car segment flopping.

The Dart was Canada’s 25th-best-selling car at this time a year ago, but it currently ranks 46th.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post Chart Of The Day: Canada Loves FCA And Small Cars, But Not The Dodge Dart appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/chart-day-canada-loves-fca-small-cars-not-dodge-dart/feed/ 44
Chart Of The Day: BMW 4-Series Is Selling Almost As Often As The 3-Series http://www.thetruthaboutcars.com/2015/07/chart-day-bmw-4-series-selling-almost-often-3-series/ http://www.thetruthaboutcars.com/2015/07/chart-day-bmw-4-series-selling-almost-often-3-series/#comments Mon, 27 Jul 2015 13:00:42 +0000 http://www.thetruthaboutcars.com/?p=1118073 In June 2015, BMW USA finally began providing a breakdown in their monthly sales report for the 3-Series and 4-Series. We’re grateful. You’ll recall that in prior generations, the 4-Series was the 3-Series. The 3-Series was the 3-Series, too, but the 4-Series cars were versions of the 3-Series with two doors. The story is still […]

The post Chart Of The Day: BMW 4-Series Is Selling Almost As Often As The 3-Series appeared first on The Truth About Cars.

]]>
bmw usa sales chart

In June 2015, BMW USA finally began providing a breakdown in their monthly sales report for the 3-Series and 4-Series. We’re grateful.

You’ll recall that in prior generations, the 4-Series was the 3-Series. The 3-Series was the 3-Series, too, but the 4-Series cars were versions of the 3-Series with two doors.

The story is still the same, except now you can get a version of the 4-Series with four doors and a hatch. You can get a 3-Series with four doors and a hatch, too, except it’s ugly. The 4-Series with four doors and a hatch is a decent looker.

They call it the Gran Coupe — coupe meaning a two-door car with a fixed roof. True, the 4-Series Gran Coupe has four doors, but the 4-Series nomenclature indicates the presence of two doors. So they run with it, just like they do with the 6-Series Gran Coupe in the interest of consistency, which is a four-door car with a trunk, not a hatch, to make sure consistency doesn’t run rampant.

2012 BMW 3-Series sedan

Forgive the digression. BMW’s naming scheme creates a need for background. Regardless, June presented BMW with 6,891 sales of the 3-Series (sedan, Gran Turismo, and wagon) and nearly that many copies of the 4-Series (coupe, convertible, and Gran Coupe). 4-Series sales jumped 69 percent to 6,625 units, just 266 sales shy of the 3-Series, sales of which slid 10 percent.

40 percent of BMW brand volume in the United States is generated by these two model lines. Throughout the first half of 2015, their sales figures weren’t nearly so similar, as the above chart attests. But the U.S. market isn’t the only one where the figures for the 4-Series are beginning to approach those of the 3-Series. In Canada, after outselling the 4-Series by 75 percent through the first five months of 2015, the 3-Series was only 36-percent more popular in June, a gap of only 224 sales.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post Chart Of The Day: BMW 4-Series Is Selling Almost As Often As The 3-Series appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/chart-day-bmw-4-series-selling-almost-often-3-series/feed/ 20
Report: NHTSA to fine Fiat Chrysler $105M http://www.thetruthaboutcars.com/2015/07/report-nhtsa-to-fine-fiat-chrysler-105m/ http://www.thetruthaboutcars.com/2015/07/report-nhtsa-to-fine-fiat-chrysler-105m/#comments Sun, 26 Jul 2015 14:07:01 +0000 http://www.thetruthaboutcars.com/?p=1125241 The National Highway Traffic Safety Administration will fine Fiat Chrysler Automobiles $105 million for botching the recall of more than 11 million cars, including 1.6 million Jeeps with a fuel tank issue, the Wall Street Journal is reporting. The automaker faced fines of up to $700 million. As part of the settlement, FCA will agree to an independent […]

The post Report: NHTSA to fine Fiat Chrysler $105M appeared first on The Truth About Cars.

]]>
1999 Grand Cherokee Launch-12

The National Highway Traffic Safety Administration will fine Fiat Chrysler Automobiles $105 million for botching the recall of more than 11 million cars, including 1.6 million Jeeps with a fuel tank issue, the Wall Street Journal is reporting.

The automaker faced fines of up to $700 million.

As part of the settlement, FCA will agree to an independent monitor to audit its recalls. On Friday, FCA announced it was recalling 1.4 million cars and trucks for software that could be hacked and controlled remotely.

The automaker faced a congressional hearing this month for its failure to quickly recall Jeeps that could catch fire in a rear-end collision. In June, Chrysler refused to comply with a request by NHTSA to recall those Jeeps.

A bill is winding its way through Congress to change how NHTSA penalizes automakers and conducts recalls.

The post Report: NHTSA to fine Fiat Chrysler $105M appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/report-nhtsa-to-fine-fiat-chrysler-105m/feed/ 36
TrueCar Shares Plunge on Missed Earnings Call http://www.thetruthaboutcars.com/2015/07/truecar-shares-plunge-on-missed-earnings-call/ http://www.thetruthaboutcars.com/2015/07/truecar-shares-plunge-on-missed-earnings-call/#comments Sat, 25 Jul 2015 17:00:47 +0000 http://www.thetruthaboutcars.com/?p=1125137 TrueCar CEO Scott Painter said his company will miss expected earnings for the second quarter, and said the company needed a “wake-up” in his call, Automotive News is reporting. The news sent shares of TrueCar plummeting more than 35 percent. TrueCar closed Friday down 3.81 down to $6.87 per share. Painter said a lack of […]

The post TrueCar Shares Plunge on Missed Earnings Call appeared first on The Truth About Cars.

]]>
truecarprice

TrueCar CEO Scott Painter said his company will miss expected earnings for the second quarter, and said the company needed a “wake-up” in his call, Automotive News is reporting.

The news sent shares of TrueCar plummeting more than 35 percent. TrueCar closed Friday down 3.81 down to $6.87 per share.

Painter said a lack of marketing was to blame for the company’s struggles in the second quarter, not the recent highly publicized split with AutoNation.

Painter said the revised earnings would lower their overall revenue for the year around $20 million to $30 million this year.

In addition to fewer consumers buying fewer cars through TrueCar, the company said spending on its mobile platform and weak marketing. True car said it lost $15 million in the second quarter of this year.

The post TrueCar Shares Plunge on Missed Earnings Call appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/truecar-shares-plunge-on-missed-earnings-call/feed/ 52
After Collapse, Mitsubishi Gradually Recovers, Then Shuts Down U.S. Production? http://www.thetruthaboutcars.com/2015/07/collapse-mitsubishi-gradually-recovers-shuts-u-s-production/ http://www.thetruthaboutcars.com/2015/07/collapse-mitsubishi-gradually-recovers-shuts-u-s-production/#comments Fri, 24 Jul 2015 19:00:31 +0000 http://www.thetruthaboutcars.com/?p=1124641 With news that Mitsubishi is ending U.S. new vehicle production front and centre in the minds of not a single auto industry observer, one wonders how the situation devolved so quickly. That’s not to say there are any surprises when it comes to Mitsubishi’s U.S. decline. (And remember, they’re not dead… yet.) A recall scandal […]

The post After Collapse, Mitsubishi Gradually Recovers, Then Shuts Down U.S. Production? appeared first on The Truth About Cars.

]]>
Mitsubishi USA sales chart

With news that Mitsubishi is ending U.S. new vehicle production front and centre in the minds of not a single auto industry observer, one wonders how the situation devolved so quickly.

That’s not to say there are any surprises when it comes to Mitsubishi’s U.S. decline. (And remember, they’re not dead… yet.) A recall scandal tarnished the brand’s global image. Mitsubishi moved away from SUVs like the Montero, Montero Sport, and Endeavor ahead of the market’s turn toward SUVs and crossovers. Mitsubishi is reluctant to do anything more than facelift unpopular models like the Outlander. They’re unwilling to import the popular Outlander PHEV to hybrid-friendly America. They’ve utterly forsaken the midsize car market. They’ve crafted a muddled image which suggests Mitsubishi is both a performance brand (Lancer Evo) and a green brand (i-MiEV). Good news stories? Few and far between.

The results have been catastrophic.

After climbing to 345,111 U.S. sales in 2002, Mitsubishi volume fell 26 percent in 2003, the first of four consecutive years of decline for the brand. Overall U.S. auto sales fell just 1% in 2003.

Mitsubishi’s 2004 volume slipped 37 percent even as the market strengthened. In 2005, Mitsubishi sales fell another 23 percent. 2006 volume was down 4 percent before a 9 percent uptick in 2007.

2013 Mitsubishi Outlander Sport now Made in America

As a recession hit in 2008, Mitsubishi sales slid 25 percent, although the overall industry was down just 18 percent that year. Mitsubishi sales then plunged to a low of 53,986 units in 2009, a 44-percent decline that was far worse than the industry’s 21-percent slide into the abyss.

2010 revealed a measure of recovery for the auto industry in America as total volume rose 11 percent. But Mitsubishi sales were up just 3 percent. A significant 42-percent surge for Mitsubishi in 2011 propelled the brand to 79,020 sales, but the brand hasn’t yet returned to that level. Only 77,643 Mitsubishis were sold in America in 2014, a 25-percent year-over-year increase and a 34-percent improvement compared with 2012.

2006 Mitsubishi Montero

The frightening figure? Mitsubishi sales in 2014, though representative of a three-year high, amounted to less than one-quarter of Mitsubishi’s sales from 2002.

Mitsubishi sold 20,000 more Galants in 2002 than they sold total vehicles in 2014. In 2003, their Outlander sales total was 2.6 times stronger than it was last year (when Outlander volume rose to a six-year high), even as the brand sold more than 61,000 copies of other SUVs.

2009 Mitsubishi Endeavor SE

Mitsubishi averaged 53,000 annual Lancer sales between 2002 and 2004 but hasn’t topped the 20K mark in any of the last four years, the 30K mark since 2007, or the 40K mark since 2004.

Mitsubishi wasn’t exactly setting the world on fire in 2002, with U.S. market share of just 2 percent, but the brand appeared to be capable of weathering storms. A dearth of new product has been a killer problem for the brand. Through the first-half of 2015, only 0.6 percent of the new vehicles sold in the United States were Mitsubishis.

2004 Mitsubishi Montero Sport

In the near future, with plans in place to stop building vehicles in North America for North America, Mitsubishi loses another key component in its quest to be competitive. Just consider the “import” automakers which believe that it’s important to not have to always import: all of them.

The Normal, Illionois-assembled Outlander Sport is Mitsubishi’s best seller this year. Overall Mitsubishi volume is up 25 percent with Outlander Sport sales rising 17 percent to 17,893 units, 36 percent of the brand’s first-half sales.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post After Collapse, Mitsubishi Gradually Recovers, Then Shuts Down U.S. Production? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/collapse-mitsubishi-gradually-recovers-shuts-u-s-production/feed/ 56
FCA Recalls 1.4 Million Cars After Jeep Uconnect Hack http://www.thetruthaboutcars.com/2015/07/jeep-recalls-1-4-million-cars-uconnect-hack/ http://www.thetruthaboutcars.com/2015/07/jeep-recalls-1-4-million-cars-uconnect-hack/#comments Fri, 24 Jul 2015 18:00:38 +0000 http://www.thetruthaboutcars.com/?p=1124881 Fiat Chrysler Automobiles announced that it would voluntary recall 1.4 million vehicles to patch a security exploit that could allow hackers to infiltrate a car’s vital systems. The recall would apply to cars fitted with the Uconnect 8.4-inch touchscreen. A story released by Wired magazine this week detailed two hackers’ system that could take over a Jeep Cherokee […]

The post FCA Recalls 1.4 Million Cars After Jeep Uconnect Hack appeared first on The Truth About Cars.

]]>
GooglePlus

Fiat Chrysler Automobiles announced that it would voluntary recall 1.4 million vehicles to patch a security exploit that could allow hackers to infiltrate a car’s vital systems.

The recall would apply to cars fitted with the Uconnect 8.4-inch touchscreen. A story released by Wired magazine this week detailed two hackers’ system that could take over a Jeep Cherokee and control the car’s systems, including throttle, braking and steering.

Jeep released the update last week, saying the patch was for “nothing in particular” and that they “continuously test vehicles systems to identify vulnerabilities and develop solutions.”

The release required owners to download the update onto a USB drive and install it themselves, or go to a dealership. FCA will mail affected owners a USB drive with the update now.

According to FCA, the company is unaware of any injuries related to the hack.

In a statement by the company, FCA says they’ve also implemented network-level security measures to prevent further hacks.

“Further, FCA US has applied network-level security measures to prevent the type of remote manipulation demonstrated in a recent media report. These measures – which required no customer or dealer actions – block remote access to certain vehicle systems and were fully tested and implemented within the cellular network on July 23, 2015.”

The affected models, according to FCA are:

  • 2013-2015 Dodge Viper
  • 2013-2015 Ram 1500, 2500 and 3500 pickups
  • 2013-2015 Ram 3500, 4500, 5500 Chassis Cabs
  • 2014-2015 Jeep Grand Cherokee and Cherokee SUVs
  • 2014-2015 Dodge Durango SUVs
  • 2015 MY Chrysler 200, Chrysler 300 and Dodge Charger sedans
  • 2015 Dodge Challenger

Owners can check an FCA site to see if their VIN is included in the recall.

FCA said the hack required extensive work and was not a defect:

The software manipulation addressed by this recall required unique and extensive technical knowledge, prolonged physical access to a subject vehicle and extended periods of time to write code.

No defect has been found. FCA US is conducting this campaign out of an abundance of caution.

The post FCA Recalls 1.4 Million Cars After Jeep Uconnect Hack appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/jeep-recalls-1-4-million-cars-uconnect-hack/feed/ 23
Chart Of The Day: Is There Room In The Middle For GM’s Crossovers? Ford Says Yes http://www.thetruthaboutcars.com/2015/07/chart-day-room-middle-gms-crossovers-ford-says-yes/ http://www.thetruthaboutcars.com/2015/07/chart-day-room-middle-gms-crossovers-ford-says-yes/#comments Fri, 24 Jul 2015 12:26:23 +0000 http://www.thetruthaboutcars.com/?p=1121393 As General Motors prepares to carve out space in between their best-selling utility vehicle, the Equinox, and their large three-row crossover, the Traverse, Ford reports significant improvement with the launch of their second-generation tweener crossover. U.S. sales of the Ford Edge jumped 44 percent to 40,083 units in the second-quarter of 2015. The May 2015 […]

The post Chart Of The Day: Is There Room In The Middle For GM’s Crossovers? Ford Says Yes appeared first on The Truth About Cars.

]]>
Ford Edge Escape Explorer sales chart 2007-2015As General Motors prepares to carve out space in between their best-selling utility vehicle, the Equinox, and their large three-row crossover, the Traverse, Ford reports significant improvement with the launch of their second-generation tweener crossover.

U.S. sales of the Ford Edge jumped 44 percent to 40,083 units in the second-quarter of 2015. The May 2015 total of 14,399 units was the best May ever for the Edge, which slots in between the Escape, one of America’s best-selling utility vehicles, and rubs up alongside the longer, three-row Explorer.

equinox1

This approach isn’t unique to Ford — Hyundai’s Santa Fe Sport is similarly positioned between the Escape-fighting Tucson and the Explorer-rivalling Santa Fe, for example — but as one of America’s biggest SUV/crossover sellers, it’s more pronounced at Ford, largely because of the Edge’s popularity.

The Edge was America’s 12th-best-selling utility vehicle last month.

2014 Chevrolet Traverse LT AWD profile

With all this in mind, can the Chevrolet brand likewise slot a crossover — potentially a three-row crossover — above a smaller Equinox but below the Traverse? GM can look at a market study completed by Ford over the course of more than eight years in order to help make their decision.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

 

The post Chart Of The Day: Is There Room In The Middle For GM’s Crossovers? Ford Says Yes appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/chart-day-room-middle-gms-crossovers-ford-says-yes/feed/ 39
Nissan Halts Sales on Some Maximas for Quality Issues http://www.thetruthaboutcars.com/2015/07/nissan-halts-sales-maximas-quality-issues/ http://www.thetruthaboutcars.com/2015/07/nissan-halts-sales-maximas-quality-issues/#comments Thu, 23 Jul 2015 18:00:07 +0000 http://www.thetruthaboutcars.com/?p=1124145 Nissan has told its dealers to stop selling specific models of the Maxima due to unspecified quality issue, Automotive News is reporting. The issue involves Maximas with a specific VIN, not a model type. It’s unclear if those cars have been delivered to dealers or customers. According to Automotive News, Nissan hasn’t identified how many models […]

The post Nissan Halts Sales on Some Maximas for Quality Issues appeared first on The Truth About Cars.

]]>
2016 Nissan Maxima (18 of 23)

Nissan has told its dealers to stop selling specific models of the Maxima due to unspecified quality issue, Automotive News is reporting.

The issue involves Maximas with a specific VIN, not a model type. It’s unclear if those cars have been delivered to dealers or customers. According to Automotive News, Nissan hasn’t identified how many models would be affected by the stop-sale, nor how many of the models may have already been sold.

Nissan hasn’t made available details about the VIN number or how to identify the held cars.

A Denver-area Nissan dealer said he wasn’t aware of the stop-sale at all.

A Nissan spokesman told Automotive News that the company would investigate the issue further before making any public statements.

“Nissan is committed to a high level of customer service and satisfaction,” the company said in a statement to Automotive News. “This commitment requires Nissan to periodically place certain specific vehicles on a temporary Quality Assurance Hold to assure that these vehicles, as delivered to our customers, meet our exacting standards and our customers’ expectations.”

The post Nissan Halts Sales on Some Maximas for Quality Issues appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/nissan-halts-sales-maximas-quality-issues/feed/ 41
Super Duty Buoys Flagging F-150 Sales for Ford http://www.thetruthaboutcars.com/2015/07/buoyed-heavy-duty-ford-still-leading-pickup-sales-us/ http://www.thetruthaboutcars.com/2015/07/buoyed-heavy-duty-ford-still-leading-pickup-sales-us/#comments Wed, 22 Jul 2015 18:00:19 +0000 http://www.thetruthaboutcars.com/?p=1123137 The Chevrolet Silverado has outsold the Ford F-150 so far this year, but sales of Ford’s Super Duty trucks have boosted the company’s truck business past its competition, PickupTrucks.com is reporting. All three truck makers are selling more pickups than they were a year ago, but flagging F-150 sales and depleted inventory could be keeping Ford’s […]

The post Super Duty Buoys Flagging F-150 Sales for Ford appeared first on The Truth About Cars.

]]>
2015 Chevrolet Silverado

The Chevrolet Silverado has outsold the Ford F-150 so far this year, but sales of Ford’s Super Duty trucks have boosted the company’s truck business past its competition, PickupTrucks.com is reporting.

All three truck makers are selling more pickups than they were a year ago, but flagging F-150 sales and depleted inventory could be keeping Ford’s perennial half-ton leader back.

The website, which used data from Cars.com to determine sales by segment, said that Ford’s Super Duty trucks led Ram and General Motor’s heavy-duty offerings by a large margin. Roughly 120,000 three-quarter and full-ton Ford pickups have been purchased this year, compared to around 80,000 and 75,000 heavy-duty trucks for Ram and General Motors, respectively.

Earlier this month, Ford offered a series of incentives totaling $11,000 on its F-150 in specific areas for specific models. A spokesman for Ford said that dealer stocks of the full-size F-150 pickups were unusually low, and that normal inventories would be restored by the end of September.

According to our own Timothy Cain, truck sales represent around 14 percent of overall vehicle sales in the United States, up one percentage point from last year. And the average price paid for a truck is $42,429 so far this year.

So who’s ready for a $100,000 pickup?

The post Super Duty Buoys Flagging F-150 Sales for Ford appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/buoyed-heavy-duty-ford-still-leading-pickup-sales-us/feed/ 42
Chart Of The Day: GM Set A Chevrolet SS Sales Record In June, Caprice PPV Sales Plunge http://www.thetruthaboutcars.com/2015/07/chart-day-gm-set-chevrolet-ss-sales-record-june-caprice-ppv-sales-plunge/ http://www.thetruthaboutcars.com/2015/07/chart-day-gm-set-chevrolet-ss-sales-record-june-caprice-ppv-sales-plunge/#comments Tue, 21 Jul 2015 14:00:42 +0000 http://www.thetruthaboutcars.com/?p=1118497 Often criticized for flopping in the U.S. marketplace, Chevrolet set a sales record with the Aussie-built SS in June 2015. Prior to June’s “surge” up to a still rather paltry 354 units, Chevrolet hadn’t sold more than 300 SS sedans since March of last year, the only other time the SS has crested the 300-unit […]

The post Chart Of The Day: GM Set A Chevrolet SS Sales Record In June, Caprice PPV Sales Plunge appeared first on The Truth About Cars.

]]>
TTAC Aussie imports 2

Often criticized for flopping in the U.S. marketplace, Chevrolet set a sales record with the Aussie-built SS in June 2015.

Prior to June’s “surge” up to a still rather paltry 354 units, Chevrolet hadn’t sold more than 300 SS sedans since March of last year, the only other time the SS has crested the 300-unit mark. June 2015 SS volume was four units stronger than the March record.

Year-to-date, SS sales are down 8% to 1,534 units, just 0.4 percent of Chevrolet passenger car volume through the first-half of 2015. Chevrolet sells twelve times that many Corvettes.

2015 Chevrolet Caprice PPV

Meanwhile, GM’s other Australian import, the police-only Chevrolet Caprice PPV, is evidently disappearing from police departments’ wish lists. Caprice sales are down 54 percent to just 803 units through the first half of 2015.

Taurus Police Interceptor sales are falling, too. In fact, the Taurus alternative has suffered declining volume in each of the last seven months. Ford’s police sedan is down 5 percent this year, but it’s still more than six times as common as the SS. Ford’s Explorer Police Interceptor, on the other hand, is up 36 percent to 12,900 units in early 2015.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post Chart Of The Day: GM Set A Chevrolet SS Sales Record In June, Caprice PPV Sales Plunge appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/chart-day-gm-set-chevrolet-ss-sales-record-june-caprice-ppv-sales-plunge/feed/ 38
Chart of the Day: America’s Favorite Expensive Vehicles in 2015’s First Six Months http://www.thetruthaboutcars.com/2015/07/chart-day-americas-favorite-expensive-vehicles-2015s-first-six-months/ http://www.thetruthaboutcars.com/2015/07/chart-day-americas-favorite-expensive-vehicles-2015s-first-six-months/#comments Mon, 20 Jul 2015 12:00:05 +0000 http://www.thetruthaboutcars.com/?p=1114601 So many upper-crust products sit at the top of their respective automaker’s lineup and do little more than look pretty. They are flagships, technological showcases, standard bearers. On the other hand, there’s the Mercedes-Benz S-Class, with its base price of more than $95,000 in the United States. Flagship? Yes. Technological showcase? That, too. Standard-bearer? Of […]

The post Chart of the Day: America’s Favorite Expensive Vehicles in 2015’s First Six Months appeared first on The Truth About Cars.

]]>
TTAC best-selling expensive vehicles June 2015 YTD chart

So many upper-crust products sit at the top of their respective automaker’s lineup and do little more than look pretty. They are flagships, technological showcases, standard bearers.

On the other hand, there’s the Mercedes-Benz S-Class, with its base price of more than $95,000 in the United States. Flagship? Yes. Technological showcase? That, too. Standard-bearer? Of course. But the S-Class is also popular.

6.4% of the non-Sprinter sales produced by Mercedes-Benz USA come from the S-Class.

Granted, that’s down from 7.4 percent a year ago, but even that figure is skewed by the expansion of Mercedes-Benz’s already massive lineup. S-Class sales are also down 5.8 percent through the first half of 2015 after sales reached a seven-year high in 2014.

Regardless, no vehicle with a base price beyond $70,000 sells more often in America than the S-Class, which now features both a sedan and a coupe, formerly the CL-Class.

2015 Cadillac Escalade & ESV

Incidentally, the next three best-selling vehicles on the list are SUVs. Mercedes-Benz’s own GL-Class would sit atop this list with 12,938 year-to-date sales, but GL pricing starts below $65K. That likely helps to explain some of the GL’s popularity.

Clearly then, this list doesn’t take into account costly versions of lesser vehicles, whether that be the $96K BMW M5 or a $71,415 GMC Yukon Denali XL 4×4. For one thing, sales figures for distinct trim levels aren’t made available by automakers. Additionally, there’s arguably a different level of prestige afforded to a car line that’s truly expensive in all variants. And what of the Tesla Model S? We still don’t receive reliable, monthly sales reports from Tesla, but HybridCars.com estimates 11,900 year-to-date Model S sales, including a surge to 2,800 units in June alone. The Model S’s base price is now $76,200*.

* This chart and article were filed before Tesla Motors’ announcement of a new, base-model Model S, now priced at $71,200 with destination.

All base prices in chart include destination/freight/delivery.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post Chart of the Day: America’s Favorite Expensive Vehicles in 2015’s First Six Months appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/chart-day-americas-favorite-expensive-vehicles-2015s-first-six-months/feed/ 61
Buick Offering 24-Hour Test Drives To Build Brand, Not Sell Cars http://www.thetruthaboutcars.com/2015/07/buick-offering-24-hour-test-drives-to-build-brand-not-sell-cars/ http://www.thetruthaboutcars.com/2015/07/buick-offering-24-hour-test-drives-to-build-brand-not-sell-cars/#comments Sun, 19 Jul 2015 18:00:22 +0000 http://www.thetruthaboutcars.com/?p=1119745 Buick is tossing the keys to prospective customers for sleepovers in their driveways as part of a brand-building exercise the automaker says isn’t meant to sell cars immediately. According to Automotive News, the program — dubbed “24 Hours of Happiness” — gives customers the chance to live with a Buick vehicle for 24 hours starting […]

The post Buick Offering 24-Hour Test Drives To Build Brand, Not Sell Cars appeared first on The Truth About Cars.

]]>
2015-buick-encore

Buick is tossing the keys to prospective customers for sleepovers in their driveways as part of a brand-building exercise the automaker says isn’t meant to sell cars immediately.

According to Automotive News, the program — dubbed “24 Hours of Happiness” — gives customers the chance to live with a Buick vehicle for 24 hours starting this coming Wednesday.

“Customers thought it showed that we have a real confidence in our vehicles,” Duncan Aldred, Buick brand chief, told AN.

“It’s more of an image builder,” he continued. “Some people can’t believe that Buick has the confidence to send them out in a car without a salesperson sitting next to them to tell them how great the car is.”

The post Buick Offering 24-Hour Test Drives To Build Brand, Not Sell Cars appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/buick-offering-24-hour-test-drives-to-build-brand-not-sell-cars/feed/ 88
EU Gains Not Enough to Stave Opel Production Reductions http://www.thetruthaboutcars.com/2015/07/eu-gains-not-enough-to-stave-opel-production-reductions/ http://www.thetruthaboutcars.com/2015/07/eu-gains-not-enough-to-stave-opel-production-reductions/#comments Sat, 18 Jul 2015 17:00:47 +0000 http://www.thetruthaboutcars.com/?p=1119321 Recent sales growth in the EU hasn’t been kind to Opel as the group is forced to reduce hours at two German plants. According to Automotive News, Opel will cut production of the Adam and Corsa at Eisenach and Insignia and Zafira Tourer at Ruesselsheim. The move is due to Opel’s exit from the Russian […]

The post EU Gains Not Enough to Stave Opel Production Reductions appeared first on The Truth About Cars.

]]>
Opel Bochum - Picture courtesy wa.de

Recent sales growth in the EU hasn’t been kind to Opel as the group is forced to reduce hours at two German plants.

According to Automotive News, Opel will cut production of the Adam and Corsa at Eisenach and Insignia and Zafira Tourer at Ruesselsheim. The move is due to Opel’s exit from the Russian market and what the automaker calls “moderate” gains in the rest of Europe.

However, within the EU, overall sales for all automakers are up 8.2 percent in the first six month of this year and 14.6 percent in June, according to ACEA.

Opel and Honda are the only two automakers to see sales decline within the EU versus the same six month period last year. Opel experienced a 0.7-percent drop in overall group sales in the EU. Honda took an even harder hit with an 7.9-percent decline.

On the other end of the graph, Mitsubishi has posted 57.0-percent growth in the EU, though that percentage is based on relatively low volume compared to others. Nissan is the runner up at 21.6-percent growth while Jaguar-Land Rover (16.9 percent), Daimler (15.0 percent), FCA (12.9 percent) and BMW (12.0 percent) all saw double-digit percentage growth, beating the overall six-month average.

The post EU Gains Not Enough to Stave Opel Production Reductions appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/eu-gains-not-enough-to-stave-opel-production-reductions/feed/ 2
Ford: Our Incentives Are Still Lower than Overall Segment http://www.thetruthaboutcars.com/2015/07/ford-incentives-still-lower-overall-segment/ http://www.thetruthaboutcars.com/2015/07/ford-incentives-still-lower-overall-segment/#comments Fri, 17 Jul 2015 20:00:04 +0000 http://www.thetruthaboutcars.com/?p=1118913 A Ford spokesman said Friday that despite the automaker offering nearly $11,000 on particular F-150 models, their incentives are still under the segment average. “It’s not like every F-150 customer walking into a Ford dealer today — whether they’re in L.A. or New York — is going to get $10,000 off of every single model,” Truck […]

The post Ford: Our Incentives Are Still Lower than Overall Segment appeared first on The Truth About Cars.

]]>
2015 Ford F-150

A Ford spokesman said Friday that despite the automaker offering nearly $11,000 on particular F-150 models, their incentives are still under the segment average.

“It’s not like every F-150 customer walking into a Ford dealer today — whether they’re in L.A. or New York — is going to get $10,000 off of every single model,” Truck Communications Manager Mike Levine said.

“On average, we’re lower than the segment.”

Levine said the $10,819 we reported on yesterday was a specific truck in a specific area. Those numbers, such as $7,050 off, that Ford publicizes on its website aren’t indicative of every incentive available.

F-150 incentives

“That’s a very specific set of incentives that are all stacked together that gets you to $10,000,” he said.

According to Ford, those incentives include: $3,769 average dealer discount; $500 customer cash; $1,000 XLT customer cash; $300 2.7-liter V6 EcoBoost bonus cash; $2,000 302A XLT Luxury Chrome or Sport packages.; $2,500 bonus cash; and $750 Ford Credit Bonus Cash, which requires Ford Credit financing.

Levine said the average incentive offered on a F-150 is $3,354, which is $800 lower than the segment average and lower than the automaker had offered one year ago.

Dealer inventories are down, Levine said, and Ford needs to stay competitive.

“For this particular truck, we’re helping customers get into a better truck. It’s something that we do from time-to-time, and it’s in line with what our competitors do,” he said.

Representatives from Ram and General Motors didn’t immediately respond to requests for comment.

The post Ford: Our Incentives Are Still Lower than Overall Segment appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/ford-incentives-still-lower-overall-segment/feed/ 45
Mazda Says 2016 CX-3 Will Start Under $20,000 (Kinda) http://www.thetruthaboutcars.com/2015/07/mazda-says-2016-cx-3-will-start-under-20000-kinda/ http://www.thetruthaboutcars.com/2015/07/mazda-says-2016-cx-3-will-start-under-20000-kinda/#comments Thu, 16 Jul 2015 20:00:21 +0000 http://www.thetruthaboutcars.com/?p=1118137 The new mini crossover from Mazda will start at $19,960 (not including $880 destination) when it goes on sale after next month, the automaker reported Thursday. That puts the CX-3 in leagues with the Chevrolet Trax, Nissan Juke, Honda HR-V and Jeep Renegade as sub-$20,000 crossovers in an increasingly crowded and competitive segment. Like the […]

The post Mazda Says 2016 CX-3 Will Start Under $20,000 (Kinda) appeared first on The Truth About Cars.

]]>
2016-Mazda-CX-3-11

The new mini crossover from Mazda will start at $19,960 (not including $880 destination) when it goes on sale after next month, the automaker reported Thursday.

That puts the CX-3 in leagues with the Chevrolet Trax, Nissan Juke, Honda HR-V and Jeep Renegade as sub-$20,000 crossovers in an increasingly crowded and competitive segment.

Like the rest of its competition, it’s not hard to hike the CX-3’s final price up in a hurry.

The base price gets Mazda’s 2.0-liter inline four and a 6-speed automatic transmission. Standard on all models will be a rear-view camera, 7-inch touchscreen, Bluetooth push button starter and power windows and doors. All-wheel drive can be added for $1,250.

The middle-of-the-range CX-3 Touring (with heated seats, leather wrapped wheel, blind-spot monitoring, et al.) runs $22,840. The top-of-the-line CX-3 Grand Touring (navigation, moon roof, leather, Bose sound, etc.) comes in at $25,870. And presumably, the most you could pay for a CX-3 coming from the factory would be a Grand Touring CX-3 with all-wheel drive and Mazda’s optional safety package would be $29,040.

If you need any further proof the segment is ultra competitive and willing to cut to the very bone for the best price on a headline, consider that you can still buy a Jeep Renegade without air conditioning and 16-inch steel wheels for $18,880.

The post Mazda Says 2016 CX-3 Will Start Under $20,000 (Kinda) appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/mazda-says-2016-cx-3-will-start-under-20000-kinda/feed/ 65
Ford Putting Nearly $11,000 on Hoods of Some F-150s http://www.thetruthaboutcars.com/2015/07/ford-putting-nearly-11000-hoods-f-150s/ http://www.thetruthaboutcars.com/2015/07/ford-putting-nearly-11000-hoods-f-150s/#comments Thu, 16 Jul 2015 17:00:39 +0000 http://www.thetruthaboutcars.com/?p=1117793 Ford is looking to boost sales of its full-size F-150 by offering more than $10,000 in incentives for some higher-trim models in some parts of the United States, Automotive News is reporting. Production issues have plagued the aluminum 2015 F-150 since its launch late last year. According to Ford, only half of the F-150’s normal inventory […]

The post Ford Putting Nearly $11,000 on Hoods of Some F-150s appeared first on The Truth About Cars.

]]>
Ford F-150 grey, side

Ford is looking to boost sales of its full-size F-150 by offering more than $10,000 in incentives for some higher-trim models in some parts of the United States, Automotive News is reporting.

Production issues have plagued the aluminum 2015 F-150 since its launch late last year. According to Ford, only half of the F-150’s normal inventory has been available since June, which as hampered sales. The automaker says dealer stocks will be full by the end of September.

The company’s website offers nearly $11,000 off of 2015 Ford F-150 XLT SuperCrew with Chrome or Sport packages in some parts of the country.

Screen Shot 2015-07-16 at 9.09.07 AMWe found this offer available in the middle of Michigan, near Clare, on Ford’s website. Other parts of the country may receive up to $7,050 off similar models.

“The truck hasn’t sold up to expectations for the most part,” Akshay Anand, an analyst at Kelley Blue Book, told Automotive News. “This may be a hint that in certain parts of the country, the issue might just be more than supply.”

Truck sales have been up for the first half of this year, but the F-150’s sales pace has been modest. F-Series volumes have dipped in each of the last five months, and second-quarter sales have dropped 6.5 percent.

 

The post Ford Putting Nearly $11,000 on Hoods of Some F-150s appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/ford-putting-nearly-11000-hoods-f-150s/feed/ 63
Ford C-Max Sales Have Perpetually Declined In America http://www.thetruthaboutcars.com/2015/07/ford-c-max-sales-perpetually-declined-america/ http://www.thetruthaboutcars.com/2015/07/ford-c-max-sales-perpetually-declined-america/#comments Thu, 16 Jul 2015 12:00:06 +0000 http://www.thetruthaboutcars.com/?p=1113177 Following Ford’s announcement that production of the Focus and C-Max would leave Wayne, Michigan in the next few years, sales personnel at Ford dealers across America were heard asking their managers, “We still sell the C-Max?” No, that’s not entirely true. Ford is moving Focus and C-Max production out of Wayne by 2018, but we weren’t privy […]

The post Ford C-Max Sales Have Perpetually Declined In America appeared first on The Truth About Cars.

]]>
Ford C-Max sales chart TTAC

Following Ford’s announcement that production of the Focus and C-Max would leave Wayne, Michigan in the next few years, sales personnel at Ford dealers across America were heard asking their managers, “We still sell the C-Max?”

No, that’s not entirely true. Ford is moving Focus and C-Max production out of Wayne by 2018, but we weren’t privy to the conversations inside Ford showrooms. That question may or may not have been asked.

Through the first-half of this year, Ford’s U.S. dealers only sold an average of four C-Max Hybrids and C-Max Energis per dealer per month. 

The C-Max did get to off to a hot start back at the end of 2012. There was plenty of talk about the C-Max’s ability to outsell the Toyota Prius. No, not the Prius you know best, but rather the Prius V, which isn’t nearly as popular as the regular Prius.

During the final quarter of the year, Ford sold 12,340 copies of the C-Max in the United States; twice topping the 4K mark. (Ford hasn’t topped 3800 since, didn’t top 3,501 in 2014, and hasn’t managed 2,700 monthly sales in 2015’s first six months.)

2013 Ford C-MAX Hybrid, Picture Coutesy of Ford Motor CompanyBut by the end of its first year, the C-Max was already struggling to find more than 3,000 buyers per month. Other than the September 2013 improvement, when the year-over-year comparison took into account the C-Max’s launch month of September 2012, and two other occasions last summer, C-Max sales have always declined on a year-over-year basis.

Thus, while never truly popular, the C-Max has become increasingly unpopular in America. The reasons? It’s difficult to challenge a segment owner like the Prius. The second-generation Honda Insight can attest to that fact. Ford also flubbed the fuel efficiency marketing hype and later paid the price. Even before its efficiency downgrade, the C-Max wasn’t alleged to be quite as economical as its Toyota rivals.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures. Follow on Twitter @goodcarbadcar and on Facebook.

The post Ford C-Max Sales Have Perpetually Declined In America appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2015/07/ford-c-max-sales-perpetually-declined-america/feed/ 48