Tag: recession

By on February 3, 2016

Keep both hands inside the car at all times.

One coupe flies, two coupes die.

By the time that Akio Toyoda was standing on that Detroit stage crowing about the triumph of the LC500, the nails were already being hammered into Scion’s coffin. The Scion tC, perhaps the best combination of practicality, style, and durability available for under twenty-five grand in the United States, will be taken out back and unceremoniously shot. The FR-S … your guess is as good as mine, but I’d be surprised if Toyota brought it over as the Celica, no matter how personally gratified I would be by such a move.

The story of Toyota’s American sub-marques could not be more different. Lexus has gone from strength to strength, effortlessly assuming a position as the thinking man’s luxury car with the LS460 while also flooding the market with Camry-platform high-profit product. Scion, on the other hand, has struggled from its first day with customer perception, dealer-satisfaction issues, and schizophrenic product planning.

Yet it’s easy to show that Lexus has been just as poorly managed as Scion; take a look at the Lexus lineup over the past 27 years and tell me that you can’t spot quite a few duffers and misfires. So why is the Official Toyota Brand of McMansion Owners soaring while the Official Toyota Brand of Dubstep Aficionados crashes? The answer, naturally, is: Barack Obama.

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By on February 4, 2015

Carlos Ghosn and Renault Kadjar

Renault-Nissan CEO Carlos Ghosn warned Monday that Russia’s auto market will lose a third of itself under the nation’s recession.

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By on February 10, 2014

Toyota Landcruiser 70 Troop Carrier Workmate

Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford.

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By on August 15, 2013

ec-gdp-forecast (1)

According to a Reuters poll of 30 economists, data to be released next week will show that the recession in Europe has ended, but that the euro zone will not start growing significantly until 2015. The consensus prediction for the second quarter of 2013 was 0.2% growth.

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By on February 14, 2013

I live in a nice quaint small town called Powder Springs, Georgia.

The sidewalks are paved downtown and even partially bricked for artistic value. Thanks to a generous donation by the taxpayers. The streetlamps are ornate and well lit thanks to the same contributors.

The old closed down ACE hardware store is now the new police station. The old city hall has been replaced by the new city hall.  Even the vehicles that get too old to keep get replaced with shiny new ones thanks to American taxpayers far and wide.

How many miles do you think would it take to replace a car owned by the local city government?

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By on September 21, 2012

The good old days of late summer 2009.

It was a great time to buy a new car. Monthly new car sales in North America had plummeted to under 10 million units.  Access to financing seemed to be near impossible for a lot of consumers. Brands were orphaned. Leasing collapsed. Banks were picky. The future was uncertain and… raw materials were cheap.

It was a good time to buy new at a deep, deep discount.  Has that time passed?

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