The average transaction price for a new car edged up slightly August to September from $33,563 to $33,730, researchers at Kelley Blue Book said Thursday.
Fiat Chrysler Automobiles posted the largest gain over the same month last year, as the automaker increased its average transaction price 4.1 percent to $34,809. Unsurprisingly, Volkswagen was the only major automaker to post a loss in the report, losing 1.6 percent from August to September this year, and 0.1 percent from September 2014.
Ford, General Motors and Kia/Hyundai all posted gains over 3 percent, year-over-year. Overall, the industry average for new car transaction prices rose 2 percent from September 2014 to September 2015. Toyota was the other automaker to fall below the industry average for gains. Its average transaction price increased by only 0.6 percent.
Chevrolet will sell its next-generation Malibu for $22,500, including delivery, the automaker announced Thursday.
The pricing for the sedan, which sports a 1.5-liter four-cylinder engine, 2-liter turbo four or a hybrid powertrain, is aggressive in a difficult sales world for mid-size sedans. The base model L undercuts nearly all of its competition, which includes the Ford Fusion, Nissan Altima, Honda Accord and Toyota Camry. Only the Hyundai Sonata and Mazda6 are less expensive than the Malibu.
The 2016 Chevrolet Volt won’t be released nationwide this year, General Motors told Autoblog after purported pictures of a delivery timeline showed that only 11 states would receive the 2016 model year were published by HybridCars.
Only 11 states: California, Connecticut, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Oregon, Rhode Island and Vermont, will see the 2016 car, according to the document. Dealers in California have already begun accepting orders for the car.
Prospective buyers in the 39 other states (presumably Puerto Rico and Guam, too) will have to wait until next year to get their cars.
According to a report by Automotive News, Maserati North America may have falsified nearly half their sales in December 2014 and an undisclosed amount for other months through a demonstration car scheme that rewarded dealers for being complicit in the scheme.
A lawsuit filed by Recovery Racing, owner of multiple Maserati stores in the northeastern U.S., claims a program aimed at falsely boosting sales numbers financially disadvantaged its business because of its reluctance to participate.
Fiat Chrysler Automobiles posted a 2-percent overall gain in sales for August, keeping its 65-month streak of increased sales alive, the automaker reported Tuesday.
Jeep jumped the largest amount for the automaker; Jeep reported an 18-percent increase as a brand and four of its models posted sales gains. Sales of Dodge-branded vehicles slid 15 percent overall, and Chrysler-branded cars fell 14 percent.
FCA reported it sold more than 200,000 vehicles in North America for the second month this year.
Buyers in South Korea have flocked to order the Chevrolet Impala by requesting more than 3,000 of the full-size sedans, which is two to three times higher than expected, BusinessKorea is reporting.
The higher-than-expected draw in South Korea is part of a larger trend; according to the BBC, just around 6,000 cars were imported in 2000. In 2014, more than 196,000 cars were imported into the country, although many of those were European luxury models.
GM Korea forecasted 4,000 to 5,000 Impala models would be sold by the end of 2015, but Korean buyers are ordering 200 cars per day, which would exhaust their supply within one month.
At an upcoming dealer meeting in Las Vegas next month, Toyota will ask its dealers to stop advertising cars below invoice in an attempt to help keep residual values higher and keep dealers from competing in a “race to the bottom,” Automotive News is reporting.
If accepted, Toyota would join Honda in penalizing dealers who advertise cars below invoice. According to the report, after three reported violations in one year, Honda could withhold marketing money from a dealer — which could be $400 per vehicle. It’s unclear how Toyota may penalize its dealers who don’t comply with the proposed new rule.
Two stories paint an interesting present reality for hybrid and electric vehicles in America. Interest in hybrid vehicles has stayed consistent for the last two years among people in the U.S., AutoGuide is reporting. But apparently dealers and buyers can’t keep their hands off of those cars in Connecticut, where that state recently offered up to $3,000 on the hoods of those cars, Automotive News is reporting.
According to a Harris Poll, 48 percent of polled Americans say they would consider a hybrid vehicle next time they’re in the market for a car, which is roughly the same number of people who said so in 2013. Interest in electric and plug-in hybrid cars was up slightly to 21 and 29 percent of respondents, respectively.
Getting people to pull the trigger on that purchase, it seems, is still a matter of dangling a tangible benefit — fuel economy and environmental benefit may still not be enough.
Just in time for super-low gas prices, Dodge’s Hellcats will cost $3,650 to $4,200 more next year — at least — Autoblog is reporting.
The 2016 Challenger Hellcat will start at $65,190 — including destination and gas guzzler tax, an increase of $4,200 over 2015. The Charger will start at $68,640 — including destination and tax, which is an increase of $3,650.
(Those prices don’t reflect the “market adjustment” one could likely see for the highly coveted, limited-production vehicles. Although, Dodge really doesn’t like that.)
The Ford Taurus, once the flagship in Ford’s range, apparently has fallen on hard times.
Sales are down 28 percent through July, it hasn’t done much to outrun its perception as a perennial fleet queen and police fleet buyers are picking the Explorer-based Interceptor over the sedan. Automotive News details the fall and rise and fall again of the Ford Taurus (thanks mostly to former Ford CEO Alan Mulally) and throws in a little tidbit in the middle:
If sales keep falling, analysts speculate Ford could eliminate U.S. production of it and … import the small volume it needs here from China …
Oh boy. (Read More…)