Tag: Pricing

By on October 12, 2021

While nobody needs to tell you that the economy isn’t in good health, we should at least hip you to the latest automotive trends relating to the financial purgatory we’re currently living through. Ford sent a memo to dealers last week indicating that it would be removing the minimum FICO requirement for 84-month financing, indicating that the industry may soon normalize auto loans that are even longer than the 72-month whoppers that have grown in popularity over the last several years.

Meanwhile, those needing a vehicle intermittently will find that rental rates have not been declining as hoped. Despite analysts previously suggesting that auto pricing may stabilize through the fall, we now look to be going into the holidays facing familiar high-priced troubles — and there’s really no reason to think that’s going to change after 2022 gets here.  (Read More…)

By on August 24, 2021

Image: Mazda

Mazda has announced pricing for its first all-electric vehicle and it’s not exactly coming across like a square deal. The manufacturer has announced the base model will start at $33,470 before an obligatory $1,175 destination charge. But the small crossover is only capable of completing 100 miles on a single charge, making it seem as if Mazda designed the car specifically to mock EV advocates.

While we frequently chide electric vehicles for skimping on the fundamentals, Mazda’s take on the segment is inexcusable. There were battery driven vehicles debuting a decade earlier with modestly sized packs capable of covering similar distances to the MX-30. Those considering one would almost certainly be better served by a Nissan Leaf and it doesn’t even need to be a brand new one. However Mazda is doing what it can to sweeten the pot, resulting in some interesting marketing decisions.  (Read More…)

By on July 28, 2021

This year has already seen price increases across the board, thanks largely to the supply crisis created in the wake of our response to the pandemic. As it turns out, shutting down the global economy wasn’t ideal for maintaining business as usual and nobody in charge seems all that interested in returning things to normal. Automotive prices have become particularly troublesome, as manufacturing costs have risen and a deficit of product has made this a seller’s market.

Tesla has been raising rates all year, particularly on its higher-volume models. By June, price bumps had become so common with the brand that CEO Elon Musk had to address the matter. He blamed industry-wide supply chain pressures, noting that raw materials had become particularly costly. While a totally rational explanation, there are problems with it when you realize those end-of-line price hikes aren’t being extended to China. (Read More…)

By on June 7, 2021

We’ve been covering the staggering increase of automobile pricing all year, starting with the second-hand surge created by rental industries sucking up used models to replace all the vehicles they dumped during the pandemic. A year of suppressed demand and prolonged restrictions absolutely crippled supply chains and placed the automotive sector in an extremely difficult position going into 2021. We wish we could say things were improving but the most heartening news we’ve come across was the possibility that select manufacturers might soon have a line on semiconductor chips — hopefully encouraging new vehicle production.

But the used market is still heading into uncharted waters. According to data collected by CarGurus, the typical price for a used automobile increased by about 30 percent against this time last year. Though more worrying is how much of that spike is consolidated within the last 90 days. (Read More…)

By on April 23, 2021

We’ve driven the Ford Mustang Mach-E and liked it. But one of our beefs was the price — it ain’t cheap.

Well, come Monday, it will be even less cheap.

(Read More…)

By on March 11, 2021

Tesla quietly increased pricing on several models via its website this week, with the new Model S Plaid Plus representing the largest jump. The performance variant is said to be capable of 200 mph and breezing through 60 mph in under 2 seconds. It also boasts the brand’s updated interior and an alleged range of 520 miles, which really opens it up to becoming the kind of vehicle you might actually want to take on an extended road trip.

But it’s going to set you back $151,190 (including the $1,200 destination charge), which is exactly $10,000 more than Tesla said it would cost just a few months ago. While that increase has not been extended to other Plaid models, none of which offer a massive bump in range, forthcoming Plaid Plus models are likely to see loftier price tags than originally expected.

(Read More…)

By on January 4, 2021

2021 Jeep Wrangler Rubicon 392

We know the 2021 Jeep Wrangler 392 Rubicon and its 470 horsepower and 470 lb-ft of torque is on its way to market. Now we have an inkling on price.

(Read More…)

By on November 12, 2020

Details of the upcoming Rivian R1T and R1S electric vehicles leaked just hours ahead of the company sharing some equipment options for the various trims and announcing that the online configurations (allowing you to build your own) will launch on November 16th.

As of now, Rivian’s plan involves offering identical trims for the R1T pickup and R1S SUV — splitting the two body styles into Adventure and Explorer packages. While the former is a bit more upscale, both come with a panoramic roof, vegan upholstery, and are big on connectivity. Wi-Fi is embedded and allows for Rivian to issue over-the-air updates. There’s also the First Edition model, which is effectively a gussied up version of the Adventure going to true believers that booked their EVs well in advance. (Read More…)

By on October 22, 2020

GMC

With the Hummer EV Edition 1 selling out over what would constitute an extended lunch break, General Motors is clearly aware it has a hot commodity on its hands. While that may not continue into subsequent model years, the electrified monstrosity is seeing demand comparable to what we witnessed with Dodge’s Demon and GM has a similar solution in mind.

Rather than allowing dealers to see what they can get away with on the standard Hummer pickup when it goes on sale next year, GMC will be implementing a strict no-haggling policy. That’s undoubtedly going to be a blow to dealers thinking they could clean up on markups and a blessing to customers who don’t want to spend a few extra grand on their already expensive midlife crisis.

(Read More…)

By on October 21, 2020

Making good on its promise that the future will be electric, Volvo has readied the XC40 Recharge P8 compact crossover for a spring debut. Though it doesn’t seem to have secured an idyllic price tag. The electrified XC40 starts at $54,985, including a $995 destination fee, which makes it around $20,000 dearer than the gasoline model. That’s a lot of dough for such a small vehicle, even after federal (and potentially state) tax incentives shave a few thousand off the top. Surely customers will be getting a top-shelf automobile on par with the Tesla Model 3 Performance, if not better, to help that MSRP make some sense. But the math just isn’t working out in Volvo’s favor based on the specs given. Model 3 destroys it in every metric that isn’t headroom because it is not a crossover.

While the XC40 Recharge comes in below its larger European counterparts on price, and often by a fairly narrow margin, its maximum range is an EPA-estimated 208 miles. That places it within striking distance of the bigger electrics manufactured by Audi or Jaguar. But Tesla will happily sell customers a Model Y boasting 326 miles of range for about $10,000 less than the XC40. The only downside is that the American brand’s sales success has already exhausted its allotted federal tax credits, meaning you’ll get more money from the government if you buy something Swedish-Chinese.

(Read More…)

By on October 20, 2020

Image: VW of America

Volkswagen isn’t listening to Corey, apparently. Just like the rest of us don’t, either! Ba-zing!

I kid, I kid. We all have takes, and we all poke fun at each other on Slack. But Corey just recently wrote that the Volkswagen Arteon needs to die. And yet, it continues to live.

(Read More…)

By on October 15, 2020

Honda

Hi gang! My name is Tim Healey, I am the managing editor of this here site, and I done goofed. Or may have, anyway.

(Read More…)

By on October 14, 2020

Enthusiasts are up in arms about the departing Ford Mustang Shelby GT350 because they already know its Mach 1 replacement won’t be able to compete with it on a racetrack. This was by design, however. Ford wants something a little more street friendly and easier on people’s wallets. It can also save on production costs by utilizing components that helped make the GT350 an engineering marvel, without relying on its pricey V8 with the flat-plane crankshaft. The Mach 1 gets the same 5.0-liter V8 found inside GT models, tweaked to deliver 480 hp and 420 pound-feet of torque.

On the 73rd anniversary of Chuck Yeager breaking the sound barrier (aka Mach 1) in the Bell X-1 “Glamorous Glennis,” Ford decided to tell us how much the upcoming model will cost so it could begin taking orders. The automaker has settled on $52,915 (including destination), placing the Mach 1 a healthy $4,000 above the Bullitt Mustang and nearly ten grand below the outgoing GT350.

(Read More…)

By on September 9, 2020

The Mercedes-Benz E-Class is receiving a series of updates for 2021 — including some new engine options, styling adjustments, and the obligatory infotainment updates. There’s even a new lifted version called the E450 4Matic All-Terrain that’s clearly targeting fancy alternatives to the Subaru Outback (e.g. the Audi A6 Allroad).

Unfortunately, these enhancements have raised the price of the E-Class slightly. The base model E350 now starts at $55,300 (including destination), which seems a lot to ask for a 2.0-liter turbo making 255 horsepower and 273 lb-ft of torque. That’d be a juicier package inside one of Mercedes’ smaller products and opting in to an all-wheel-drive 4Matic brings the price $57,800 before you’ve even had a whiff of the 3.0-liter inline-six. But you do get Daimler’s updated MBUX software across the range and a longer list of interior material choices and styles. Though our readers seemed to really hate the interior found in the new S-Class and we’re doubting you’ll be any fonder of the wavy lines found inside the refreshed E-Class family, even if they’re not drastically different from what was available beforehand.

(Read More…)

By on September 3, 2020

fca

It should come as no shock that the loftiest Jeep Grand Wagoneer will crest the six-figure mark; the automaker said as much when it announced its intention to resurrect the bygone range-topper. It’s not like Cadillac and Lincoln aren’t nudging that barrier (or breaking through it) already.

But getting into a full-size Jeep next year doesn’t have to carry such a high cost. On the same day it revealed its damn-near-production-ready Grand Wagoneer Concept, the automaker talked price. (Read More…)

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