Tag: Incentives

By on November 13, 2019

It’s no secret that Ford routinely cleans up in the muscle- and pickup-related segments, often to the chagrin of General Motors. The Blue Oval routinely outsells GM in both fields. Eager to change a few minds, Chevrolet began offering a $2,500 discount to Mustang owners (or lessees) interested in purchasing a Camaro. That rebate rose to $3,000 last month.

This month, the General is making another offer. As part of its Black Friday Sales Event, Chevy is willing to part with the Camaro at a 12-percent discount below MSRP. The only restraint is that it has to be a V8-powered SS model, making this catch feel like more of a perk — as we wouldn’t mind seeing more of them on the road.  (Read More…)

By on November 4, 2019

You have to hand it to Nissan. Despite holding a continually declining share of new-car sales in the U.S., the automaker is sticking to its plan to firm up its financial footing.

That means holding the line on incentives and fleet sales — a practice it once revelled in back when the company pushed volume above all else. (Read More…)

By on October 28, 2019

It’s hardly unusual for an automaker to boost incentives in the fall, stimulating buyer interest in a bid to clear out current-model-year inventory, but market forces appear to have made Ford extra generous this October.

Starting late last week, the automaker is adding an extra $1,000 off most 2019 Mustangs, with extra financial grease heaped on EcoBoost models. It’s more cash than buyers got last year at this time, but then again, the Mustang isn’t exactly where it would like to be. (Read More…)

By on October 14, 2019

Image: GM

Not happy with sales thus far this year, General Motors wants Ford Mustang owners to know there’ll be cash waiting for them should they wander into a dealer in search of a Chevrolet Camaro.

As 2019 draws to a close, GM’s pony car sits in third place in the niche segment’s sales standings. This, despite a 2019 model year refresh and a greater availability of four-cylinder offerings. Maybe a few grand will compel rival owners to make the switch? (Read More…)

By on October 3, 2019

Tesla’s Model 3 became the best-selling car in the Netherlands last month, edging out the Volkswagen Polo. If you’re wondering how an electric automobile that goes for the domestic equivalent of $47,300 in Europe outsold VW’s $18,650 hatchback, take a look at the United States. Ford’s F-Series is always at the top of the charts here and, while it can be had for under $30,000, most have sticker prices nearly identical to the aforementioned Model 3.

Tesla also has the advantage of the Netherlands’ eagerness to adopt EVs, which has resulted in some heavy incentivizing. Honestly, if this author could bring himself to be surrounded by the Dutch on a daily basis, he’d be tempted by the parking perks alone.  (Read More…)

By on September 5, 2019

A flurry of new model additions benefitted many automakers with additional sales and greater revenue last month, and none more so than Fiat Chrysler, which saw its average U.S. transaction price rise 6.2 percent, year over year. Can you guess which segments pulled in the most extra money per vehicle? Bet you can.

At the other end of the yardstick, two foreign automakers basking in the glow of a very healthy sales month saw their average transaction prices fall. (Read More…)

By on August 28, 2019

2018 Ford EcoSport - Image: Ford

Lovers of low-rent vehicles bemoaned Ford’s decision to cull its small-car herd, shedding tears at the loss of the Fiesta and Focus, and no doubt choking back a few sobs at the impending loss of the midsize Fusion sedan. Finding a five-passenger vehicle priced below $20,000 is rapidly becoming a thing of the past, they cried.

Indeed, the supply of low-cost cars is shrinking, though Nissan seems to tuned in to the laments of penny-pinching shoppers. Over at Ford, the discontinuation of the Fiesta and Focus means the three-cylinder, front-drive EcoSport S — a subcompact Indian import we’ve, um, mentioned on this website in the past — is the only Blue Oval ride with an MSRP south of $20k, though adding a destination charge pole-vaults it over that threshold.

Before incentives, that is.
(Read More…)

By on August 6, 2019

Who’s talking about the C7 Corvette these days? Precious few, that’s who, as the recent appearance of the mid-engined C8 has sucked all the attention away from the current-generation Chevrolet two-seater.

This situation, paired with the need to clear existing inventory, could be advantageous for buyers of the departing model, assuming you’re ready to shell out nearly six figures for the hottest C7s around. (Read More…)

By on August 5, 2019

Tesla has resurrected its plan to provide free, unlimited access to its supercharger stations for the automaker’s customers. While the company frequently rejiggers its product offerings, this one still came out of left field. CEO Elon Musk called the plan unsustainable when the company officially eliminated it in 2018.

However, with the manufacturer seeing increasing sales volume from the Model 3, its premium models are falling by the wayside. Tesla reported 95,200 deliveries in the second quarter, the vast majority being the Model 3. While the company managed to generate $6.3 billion in revenue in the second quarter from those transactions, weaker Q1 volumes took a bite out of its share price and it still lost money through both periods. But it lost a couple hundred million less in Q2 thanks to the uptick in sales.  (Read More…)

By on July 30, 2019

We’re now in the seventh month of declining automotive sales in the United States. However, global sales haven’t fared any better. China posted its worst-ever monthly decline more than once this year with specific brands claiming as much as 70-percent slump in sales through the first half of 2019. Things are also going badly in Europe and have been for quite some time, with June playing host to some exceedingly bad metrics.

In fact, North America has had it comparatively good since its troubles hadn’t become truly persistent until the start of this year and the monthly dip rate has been been less severe. That does not, however, make the situation in the U.S. sunshine and roses. (Read More…)

By on June 11, 2019

2019 Chevrolet Bolt EV - Image: Chevrolet

If you’re stinking rich, few things stand in the way of any purchase. For plebs consumers of lesser means, pocketbook considerations factor much more heavily into all purchases. You author, by the way, feels pretty good about stockpiling discount meat in his freezer.

When it comes to electric vehicles, limited range and higher sticker prices serve as roadblocks to widespread consumer adoption, regardless of passionate lectures from politicians and online people. There’s progress being made on both issues, but spiffing new green rides remains a go-to method of stimulating sales. A pile of someone else’s cash on the hood goes a long way to sealing a deal.

In Canada, the U.S., and other developed nations, that EV cash comes from your friends and neighbors, not the manufacturer. And if Canadian data from May shows anything, it’s that the appearance of a modest rebate does little to get buyers in the mood to go green. Go big or go home? (Read More…)

By on June 4, 2019

2019 Ram 1500 eTorque

Running a car company is hard, in case you haven’t noticed. It gets even more difficult when various and sundry world events conspire to create a jittery public or wonky cost structures. Toss in a pinch of interest rate paranoia and you’ve the perfect recipe for a very challenging industry.

Last month, sales of light vehicles in America was roughly flat compared to the same time period one year ago. This would normally not be cause for much celebration but, against a backdrop of a disastrous April, it is almost worth breaking out a case of the good stuff.

(Read More…)

By on May 28, 2019

2018 Accord Sport 2.0-Liter Turbo - Image: Honda

May isn’t shaping up to be a sales winner for automakers doing business in the United States. Like past months in the current calendar, volume is predicted to decline, year over year, with the annual tally for 2019 expected to fall for the first time in years.

That’s according to a joint report from LMC Automotive and J.D. Power. Backing up the claims is a reversal of the recent trend of declining incentive spending, plus the fact that new cars are spending an increasing number of days sitting on lots. The most since the recession, in fact. (Read More…)

By on May 22, 2019

Image: FCA

Detroit City Council wrapped up a lengthy day of voting and approvals Tuesday, paving the way for a $2.5 billion Fiat Chrysler investment in two east-side assembly plants.

Part of the deal involves a complex series of land swaps benefitting both FCA and the land-rich Moroun family, plus a raft of tax incentives bound for the automaker. It’s a good thing FCA didn’t target its investment at New York City. (Read More…)

By on May 9, 2019

Image: Nissan

Pick your jaw up off the floor. As automakers struggle to offer electric vehicles deemed “affordable” by the motoring public, those buyers aren’t exactly swamping dealers with requests for EVs.

Even in the Europe Union, members of which punish drivers of fossil fuel-powered vehicles with high taxes, EVs amounted to just 2 percent of new vehicles registered last year. And yet the EU plans to drastically cut down on greenhouse gas emissions in the coming years.

New data from the European Automobile Manufacturers’ Association (ACEA) shows that the EU’s green dreams will be hard to realize without some sort of massive incentive for the purchase of electric vehicles, as right now those vehicles are only marginally popular in extremely wealthy countries. The EV “people’s car” is still a dream. (Read More…)

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