Posts By: Matt Posky

By on April 7, 2020

The world’s largest oil producers are meeting this week for negotiations aimed at saving the energy sector a lot of hardship further down the road. That includes the Organization of the Petroleum Exporting Countries (OPEC), which has been at odds with itself more than usual of late. Hampered by dwindling demand, member countries are suffering and aren’t sure what’s to be done about last month’s price plunge and surplus of crude.

During the cartel’s last meeting, Russia declined to collaborate with OPEC’s planned production cuts. This sent Saudi Arabia into a furious tizzy; it quickly attempted to flood the market with bargain oil in an attempt to drive out lesser players. Like everything else, this was further complicated by the global pandemic. The coronavirus has suppressed oil use to a point where suppliers are growing concerned about storage capacity running out.  (Read More…)

By on April 7, 2020

ford

Ford has recalled nearly 68,000 vehicles manufactured at the start of 2020 and sold in North America, saying the cars suffer from a potential manufacturing defect where the clip that locks the gearshift cable to the transmission can become unseated.

While the company says it isn’t aware of any incidents related to the issue, a decoupling clip could allow a car’s transmission to be in a gear state different from the gearshift position selected by the operator. This could easily lead to dangerous roll-away accidents as drivers unwittingly put their vehicle into the wrong gear while thinking they’ve selected park. (Read More…)

By on April 7, 2020

Polestar has released details of its Precept concept, offering a reminder that this will be the vehicle that informs all future models the company produces. Jointly owned by Volvo Cars and Zhejiang Geely Holding, Polestar has morphed from the Swedish manufacturer’s partner in performance engineering into a separate brand specializing in sporting EVs.

We’ve seen the Precept before, bashing it gently in February for being a handsome sedan with a manufacturer that wasted everyone’s time (and its press release) by prattling on endlessly about green tech and sustainability. While we had hoped Polestar would remedy this in its follow-up teaser, powertrain details remain nonexistent. Considering this is a concept car, that’s not an unforgivable sin, but it’s curious a company supposedly focused on performance engineering has twice failed to discuss that aspect of the vehicle. Instead, we’re offered additional details about the model’s design — including some new photographs — as the brand continues to discuss sustainability and high-tech features.

Just enough to keep us interested. The bare minimum.  (Read More…)

By on April 7, 2020

Auto loan terms have been creeping up for as long as anyone can remember. Back in 1997, the average financing period on a new car was somewhere around 54 months. That crept up to over 60 months by 2004 and has only continued to climb. Over the past decade, the typical automotive loan term has ballooned by almost 30 percent. According to an analysis by Edmunds, the average financing period on a new vehicle sold in the United States surpassed 70 months in March of 2020.

While automakers’ recent introduction of loans extending up to 7 years (especially now that COVID-19 is hampering sales) has exacerbated the issue, we were already sitting on a 69-month average in October of 2019. Why would someone voluntarily agree to such a lengthy agreement? They may not have much of an alternative due to similar growth in vehicle transaction prices.  (Read More…)

By on April 6, 2020

Like most legacy automakers, Volkswagen is casually walking back promises of electrification. As with self-driving cars, the technology behind new-energy vehicles is taking longer to mature than the industry would like. Meanwhile, the market — skewed as it is toward larger models — has been about as cooperative as a sugared-up child come bedtime.

Despite governments around the world incentivizing the sale of EVs, they’re still but a fraction of whole.

With the pandemic undoubtedly discouraging consumers from purchasing big-ticket items, electric vehicle sales aren’t presumed to make a lot of headway in 2020, either. We recently learned that some of the promises made by Ford and General Motors in regard to electrification were overblown by corporate messaging. In truth, they both plan on remaining heavily dependent upon truck and crossover sales for several more years.

However, Volkswagen seemed to be betting everything it had on battery technology. In the wake of its 2015 diesel emission scandal, VW was one of the first companies to promise widespread electrification by suggesting it would build one million EVs by 2023 — with 70 new green models introduced by 2029. The past year has seen the automaker issue qualifying remarks that leave us feeling dubious about its end goal.   (Read More…)

By on April 6, 2020

With some analysts now estimating the coronavirus outbreak’s cost to the automotive industry at as much as $100 billion, there’s not much reason to hope for any vehicle segment to trend in any direction but downward. However, domestic pickup sales have surprised us.

Despite the industry taking it on the chin overall, domestic truck sales are actually improving in the United States — at least by the measure with which we gauge domestic sales performance. Seeing the writing on the wall last month, domestic nameplates began incentivizing product like wild. Apparently, bargains ride two-up with the lead horseman of Pestilence. That, in combination with southern states being slower to enact social distancing measures, helped prop up truck sales. While that may result in the region having a longer recovery, it seems to have padded the market’s fall ever so slightly.  (Read More…)

By on April 3, 2020

On Thursday, NASCAR announced the planned debut of the next-generation stock car is being pushed back until 2022. The new breed was originally expected to take the field at next year’s Daytona 500, but the COVID-19 pandemic has reportedly made that impossible.

“Due to challenges related to the coronavirus pandemic, the debut of the Next Gen car will be delayed until 2022,” John Probst, NASCAR Senior Vice President of Racing Innovation, said in a statement. “The decision was made in collaboration with the OEMs and team owners. We will continue to develop the Next Gen car, and a revised testing timeline will be shared when more information is available.” (Read More…)

By on April 3, 2020

The organizers of the Beijing International Automotive Exhibition have rescheduled the event on account of the novel coronavirus. Originally slated to cap off April, the trade show will now be held between September 26th and October 5th.

While China is supposedly coming out of health crisis in better shape than a lot of other countries, there are reasons to doubt the COVID-19 figures published by the Communist Party of China. The situation on the ground could be much worse than state-backed media and the World Health Organization indicate. However, even if the nation’s ludicrously low infection statistics are accurate, it is not surprising to see event organizers exercising caution. (Read More…)

By on April 3, 2020

With social distancing measures throwing automotive sales straight into the dumpster, Ford is reportedly getting ready to float some interesting ideas by the U.S. government. It’s vying for a stimulus deal aimed at giving the industry a jump start after the health crisis posed by the novel coronavirus subsides.

One of the models Ford’s pushing is unsettlingly familiar.  (Read More…)

By on April 2, 2020

Despite Ford’s rejiggering of the Mach 1 name for use in the Mustang-inspired Mach-E crossover, the original will not be superseded by the new EV. Based upon leaked dealer VIN decoder guides, it appears the storied pony car trim could be returning for the 2021 model year.

We haven’t seen the Mach 1 since 2004, when it briefly appeared as the high-performance alternative to the Mustang GT. While not as brutal on paper as the SVT Cobra, it was loaded with the best parts the manufacturer could source from other Ford models reliant on the 4.6-liter V8. Having driven both vehicles when they were new, your author can attest to the supercharged snake being the superior performance coupe. Its independent rear suspension was unique within the Mustang lineup at the time, and it offered 390 horsepower against the Mach 1’s naturally aspirated 305 hp — though both vehicles seem to have been underrated by the manufacturer. (Read More…)

By on April 2, 2020

A man was arrested Sunday after leading Washington State law enforcement on a high-speed pursuit. Reports allege he struck two cars during what looked to be an extreme case of joyriding, but the plot thickened as the situation morphed into a police chase along Interstate 5. As they caught up, Washington State Patrol said they noticed there was a dog behind the wheel.

At the time, the vehicle was travelling in excess of 100 mph.

Police used spike strips to finally bring the vehicle to a halt, with trooper Heather Axtman noting that one of her coworkers realized the pit bull was actually sitting in the lap of a man who was helping it steer while also controlling the pedals. Once stopped, he told authorities he was attempting to teach the dog to drive.  (Read More…)

By on April 1, 2020

Image: UAW

Hoping to bounce back from its ongoing corruption scandal, the UAW announced the placement of its new independent ethics officer on Wednesday. The union group expressed a need for an independent ethics officer after Rory Gamble took over for defamed former UAW President Gary Jones late last year.

“As the acting president, I’m committed to putting in place the right mechanisms to safeguard our union, regaining the trust of our members, and ensuring the misconduct that has recently come to light will never happen again,” Jones explained in November. “That is why I am ordering immediate actions that will lay the foundation for a more transparent, more accountable, and more responsible future for our union.”

The UAW then launched an national search for an ethics officer. This week, it settled on former chairman of the National Labor Relations Board Wilma Liebman.  (Read More…)

By on April 1, 2020

Subaru Legacy 2018 Logo Emblem Grille

Subaru is joining the long list of automakers closing shop on account of the coronavirus. Japanese production is being suspended at the automaker’s main plaint in the country’s Gunma prefecture from April 11th through the first of May. It’s also idling the Oizumi engine facility as it announces plans to extend the suspension of its U.S. facility in Indiana. The plant will now be idled through April 20th.

While some of the closures are due to social distancing obligations, the rest is down to parts allocation. Subaru is heavily reliant on components manufactured in China, and it’s still not clear how things are actually going there. What is clear is that Subaru (and plenty of other manufacturers) can’t do without its robust industrial sector operating at full strength. Subaru CFO Toshiaki Okada said in February that “it’s impossible to manufacture cars without China.”  (Read More…)

By on March 31, 2020

Over the last two years, urban landscapes have been marred by a growing number of companies offering street-side scooters for rent. The business model always seemed a little curious, especially as additional players moved into the market. It wasn’t long before plenty of cities had their sidewalks littered with scooters in various states of disrepair and thrill-seekers were using them to dive through traffic, thus frustrating motorists.

They also have to be shared with your neighbors, making them none-too-appeasing in an era where everyone is obsessively washing their hands to avoid the coronavirus. Combine that with cities asking (sometimes demanding) that citizens remain indoors and you can probably guess where this is all going. Scooter providers, already in the delicate position of being “mobility” companies, are reeling things back in.  (Read More…)

By on March 31, 2020

Fiat Chrysler Automobiles is deferring 20 percent of salaried workers’ pay until June while CEO Mike Manley endures a 50-percent cut to his annual earnings. With the pandemic still attempting to grip more of North America, this was to be expected. Other domestic nameplates have already issued notices of deferred payments to executives staffers, noting that additional measures would likely need to be taken if COVID-19 fails to recede in the coming months. Seeing the writing on the wall, FCA seems to have jumped straight into phase two.  (Read More…)

Recent Comments

  • cprescott: There will be no reductions. Each will get the money back – call it delayed compensation. There is...
  • cprescott: Who do you think you are?
  • cprescott: The issue here is that we have an ungrateful company who stole over $20 billion in taxpayer funds without...
  • PrincipalDan: Toyota should offer a “monochrome” package like Ford did on the 1st gen Fusion that painted...
  • JimZ: IMO 99% of the kvetching about the interior is people in internet comments saying they suck because everyone...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Timothy Cain
  • Matthew Guy
  • Ronnie Schreiber
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth