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.
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.
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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- 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.