Lincoln’s compact MKC transformed into the Lincoln Corsair for 2020, bringing style borrowed from its big brother Aviator to buyers of lesser means… or wants.
Tagging along a year late, a plug-in hybrid variant will join the Corsair trim ladder for 2021, but a new report suggests it won’t be in plentiful supply.
It’s true that the once-hot minivan segment was shrinking rapidly even before the pandemic hit. Since then, things have only gotten worse for a vehicle type once seen as the go-to conveyance for growing families.
How bad is it? Our own Tim Cain recently traded in his Honda Odyssey for a shiny new Ridgeline pickup. We were aghast.
Well, this turn of events hasn’t stopped Honda from putting what it feels is its best minivan forward. For 2021, the Odyssey returns with a fresh(ened) face and new content. But can it budge the sales needle when it goes on sale next month?
General Motors’ second-quarter earnings report is out, and there’s red ink to report.
Hammered by the coronavirus-related shutdown of its domestic manufacturing facilities and a corresponding sales slide, the automaker reported an $800 million loss in Q2 — a far cry from the rosy, $2.42 billion profit it saw a year earlier.
GM’s cash burn was also a five-alarm affair, but one element of the report was hardly depressing at all: the company’s Chinese sales.
Never mind 2020. In the previous decade, Americans purchased more new cars per year than ever before. Roaring out of the recession, U.S. sales volumes ticked upwards year after year, settling above the 17 million marker and staying there for quite some time. Even last year’s haul defied expectations, landing north of that hallowed marker.
It didn’t reverse the increasingly geriatric nature of the country’s fleet, however. American automobiles, on average, have never been older, and they’re now poised to jump rapidly in age.
Already in the unenviable position of having gone its entire life without the presence of a utility vehicle, the now-adolescent Genesis brand has one last hurdle to clear before it can join the rest of its peers.
That hurdle is a delay caused by the spring coronavirus shutdown — meaning that the long-awaited GV80 SUV and its revamped sedan platform mate, the G80, won’t make it to market this summer, as initially planned.
“How bad is it? And how bad is it going to be?”
Those were our questions five months ago when describing the American minivan category’s paltry 408,982 sales in calendar year 2019. At that time, the rate of decline experienced by the segment suggested that, “America won’t even acquire 300,000 minivans next year.”
Enter novel coronavirus and, consequently, a second-quarter in which auto sales in the United States tumbled by a third. For perspective, that’s 1.5 million fewer sales between April and June of 2020 than during the equivalent period one year earlier.
Meanwhile, as quarantines and lockdowns and isolations and shutdowns caused new vehicle demand to shrink, the previously beloved minivan segment saw its share of the U.S. market absolutely crater.
Is there a U.S. assembly plant that’s not currently producing a utility vehicle that doesn’t need one? Perhaps, but that doesn’t describe Volvo Cars’ Ridgeville, South Carolina facility, which builds the new-for-2019 S60 sedan.
A still-shiny plant situated near Charleston’s busy harbor that only opened a year prior to the S60’s launch, the facility shuttered itself in late March as the coronavirus swept into North America, reopening in early May before going idle again a month later. Volvo Cars’ boss aims to get production underway again soon, but there’s a problem.
Shortly after his high-flying escape from Japanese semi-captivity in late 2018, former Renault-Nissan Alliance boss Carlos Ghosn got catty, marveling at what became of those two automakers after they dropped him from the phone directory.
Despite the coronavirus pandemic sinking profits and sales across the globe, Ghosn is pretty sure he knows what’s really to blame for Nissan’s current misfortunes.
After putting the finishing touches on its sales-seeking crossover expansion, Hyundai realized something already well-known by domestic truck makers — if you offer a new trim above your loftiest level of luxury, plenty of people are liable to buy it. Assuming the basic bones of the vehicle are competent enough, of course.
After looking at early sales, it seems the Palisade has earned Hyundai plenty of sales, and perhaps more importantly, plenty of first-time buyers.
Time to crank up the lux!
The Bronco family, as Ford calls the trifecta composed of the Bronco Two-Door, Four-Door, and Bronco Sport, has a singular mission: to leverage the fond memories and emotions generated by a storied nameplate to lure new buyers to the brand, boosting the automaker’s volume and profitability.
Despite the pandemic, Ford’s expectations haven’t changed. And the ideal buyers of any member of the Bronco family isn’t someone who can take advantage of Plan Pricing.
Please don’t send us emails complaining about the use of the word “normal” in a headline. Yes, the Toyota RAV4 Hybrid is still a RAV4. Yes, it has every right to exist, and it makes its parents proud, each and every day.
Especially lately, given that the electrified version of the country’s top-selling compact crossover outsold its conventional sibling in June. Not that the hybrid RAV4 was a sales slug to begin with.
Fall holiday discounts aside, the height of summer is typically a good time to head out and buy a car. The weather’s good, new models are rolling into dealers, and markdowns are appearing on older stock taking up precious space. Yet 2020 is anything but a normal year.
As the industry struggles to regain the volume it once enjoyed, threadbare inventories continue to plague automakers, though not everyone’s equal in this exercise.
I last gave an update on the vehicles which occupy my drive back in February. At the time, the Volkswagen’s roof rattle issues had (finally) been corrected and I was all ready for a quick sale of my Subaru Outback. But said quick sale was interrupted by a few different issues, both local and global.
Uncertain Times for car sales, eh?
Fiat Chrysler’s Serbian assembly plant was the first European auto factory to shut down as a result of the growing coronavirus pandemic — a grim harbinger of things to come, and not just for Europe.
That temporary February shutdown stemmed from a parts shortage arising from the hard-hit Chinese manufacturing sector. A far more prolonged shutdown came in mid-March, for obvious reasons. Well, that’s all over, as a crucially important product is now back in production, ready to satiate the hunger of the American buying public.
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- Ajla GM didn't do this even when Corvette sales and cocaine use were at their peak.
- Dwford How many more wealthy performance car buyers does Chevy think they can drag into their showroom full of middle of the road crossovers? I guess they will find out
- SCE to AUX It's been done before, with varied success:Ford --> LincolnHyundai --> GenesisGM --> XLR (Cadillac), ELR (Cadillac)VW Touareg --> Porsche CayenneI suspect GM is trying to avoid the Mustang fiasco (which is working for Ford, BTW), by not making the Corvette name a sub-brand - only its hardware.(In the Mustang's case, YTD 46% of "Mustang" branded vehicles are the Mach-E, but they share no hardware. GM's plan is much different and less controversial.)Back to the sub-brand: the XLR and ELR experiments were total duds, borrowing hardware from the Corvette and Volt respectively. Both sullied Cadillac's name - not Chevy's.
- Art Vandelay I don’t care what they do with the brand. But I do want to see how a mid engined platform spawns a 4 door and a crossover
- Varezhka If they’re going to do this, might as well go all the way and make it a standalone brand instead of a Chevy sub-brand. They already have a unique emblem, after all. Shouldn’t there be enough empty former Hummer, Saab, or Cadillac dealer showrooms to house them?