TTAC News Round-up: How Low Can Oil Go, IROC an El Camino, and What's Buick Bringing to Detroit?
A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break!
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News Round-up: Jag Going Racing, Saab Has a Plan, Teslas Are Expensive

This is the new News Round-up where we cover all the things you should know that may or may not deserve a headline on their own (or we may have simply run out of time to cover them). It’s similar to the “While Your Were Sleeping” news coverage, but not the same, hence the name change.

This morning, Jaguar announced they are going racing again, the automaker formerly known as Saab has a business plan and the Tesla Model X has a price spread that would make Porsche blush.

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Toyota Lowers 2016 Prius Global Sales Goal Over Low Oil, Fuel Prices

Toyota announced Wednesday it would lower its global sales goal for the 2016 Prius in light of low fuel prices curbing sales of fuel-efficent vehicles.

According to Reuters, Toyota’s new target is to move an annual average of 300,000 to 350,000 Prii out of the lot around the world, compared to the 300,000 to 400,000 annual sales average sought for the outgoing model. A company representative said a decline in global sales of the hybrid since 2013 was one of the reasons behind Toyota’s decision.

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US New-Car Fuel Economy Average Climbs To 25.5 MPG In May 2015

Things are looking up for U.S. new-car fuel economy, as the average climbed 0.3 mpg in May to 25.5 mpg.

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OPEC Doubles Down Against Shale, Fuel Prices Continue Downward Spiral

OPEC is doubling down on shoving shale off a cliff, continuing the trend of low fuel prices through the fall in so doing, Memorial Day Weekend aside.

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OPEC: Oil To Remain Below $100 Per Barrel Through 2020s

Those hoping for a return to $100 per barrel of oil are in for a long wait, as OPEC says oil will remain below the price point through the 2020s.

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Al-Naimi: Only Allah Knows Where Oil Prices Will Go

How long will Saudi Arabia allow oil prices to drop as the country’s production remains unchanged? Only Allah knows the answer.

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Schmidt: Western Europe EV, PHEV Sales Stalling Through Decade

EV and PHEV manufacturers may have fared well in Western Europe last year, but further gains in the market aren’t likely for some time to come.

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Carlypso: PHEVs To Reach 1 Percent Market Share In Q1 2015

By the end of Q1 2015, PHEVs are expected to take 1 percent of the overall U.S. domestic market despite fuel prices continuing their downward spiral.

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Glass's: Falling Fuel Prices Mean Return Of Big Gas Guzzlers

As the price at the pump continues to plummet — diesel not so much — British valuation guide Glass’s predicts big gas guzzlers new and used will return to the motorway.

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Lower Fuel Prices Not Slowing U.S. Car Sales At BMW

Passenger car sales in the United States are up just 1% as the overall industry has grown more than 5% through the first eleven months of 2014. America’s two best-selling premium brands, however, are enjoying more encouraging passenger car numbers in 2014. Quickly decreasing fuel prices are not, as of yet, slowing car volume at BMW in the least.

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Chart Of The Day: Gas Prices, Trucks And Automobiles
Courtesy of our own Tim Cain. The fain green line represents gas prices, starting from the peak price of crude oil in 2014. Elsewhere, we see market share fi…
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Saudis Accept Lower Barrel Prices In Fight Against US Production

While some OPEC nations are panicking over oil prices not being above $100/barrel, Saudi Arabia says it wouldn’t mind accepting barrels worth $90 or $80 for the next year or two, so long as it slows down production elsewhere.

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  • 28-Cars-Later "I was thinking that service shops were the real cash magnets for the dealers not car sales."You are correct, service and used cars made the majority of dealer profit.
  • ToolGuy Secret: Large automakers have some dealers which they really really like, and some dealers they would love to get rid of.
  • 28-Cars-Later There is no and will be no "EV transition". The "transition" will be to a smaller auto industry with less production and higher prices.
  • 28-Cars-Later $300 and its only because its a 5 speed.
  • Bobby D'Oppo I'm a huge fan of Honda's legendary (no pun intended) golden era 90's products, but I'm troubled by Acura's inability to keep pace with the competition through the past few generations when it comes to performance drivetrain and chassis tech. They so rarely deliver anything that properly challenges the best from zee Germans or even Lexus. It's great that their volume models still tend to stand among the strongest in their categories, but the way Honda/Acura continuously fails to deliver anything remotely exceptional for the the premium buyer is incredibly disappointing. The sports/luxury market drives innovation and also happens to be where the margins are. That the millions of people who grew up with Honda cars have been left with so few options when they're ready to graduate to something beyond a Civic with a hot motor, or a warmed-over CR-V with a few extra bells and whistles seems absolutely tragic.