Tag: Sales

By on March 2, 2020

Volvo’s not whispering in anyone’s ear, but Volvo dealers surely are. That’s how we’ve learned that Volvo Cars plans to insert two new vehicles at the top and near the bottom of its current lineup.

According to dealers, a range-topping XC100 will soon take its place atop the model ladder, with a coupe-like crossover slotted well below. How else is Volvo supposed to keep its sales momentum? (Read More…)

By on March 2, 2020

An outbreak of novel coronavirus that leapt from China to South Korea last month sent auto sales tumbling in February.

While the South Korean outbreak originated in a tight-knit religious sect, it soon entered the surrounding community. The country’s government moved quickly to curtail the virus’ spread, declaring an extreme threat on February 23rd. It didn’t, however, lock down down its third-largest city, Daugu, in a China-style containment effort. Coronavirus cases in South Korea now top 4,200.

As the disease forces South Koreans to change their habits, one side effect has been the avoidance of new car dealers. (Read More…)

By on February 28, 2020

It’s not unexpected, but it still comes as a blow. The impending loss of the Dodge Grand Caravan stands to sadden lovers of the industry’s longest running, most inflation-resistant minivan, but it’s a truly bitter pill for workers at Fiat Chrysler’s Windsor Assembly Plant.

As reported yesterday by Canada’s Financial Post, the Grand Caravan — darling of Lee Iacocca, chariot to young soccer players for decades — will cease production at the end of May. (Read More…)

By on February 27, 2020

2020 Toyota Camry AWD 2 - Image: Toyota

In a shrinking U.S. midsize sedan market, Toyota’s slice of the pie is the biggest. In fact, despite its own year-over-year decline in 2019, the Toyota Camry’s slice of the U.S. midsize market actually increased to 25 percent last year because its decline was comparatively modest.

Now Toyota has its sights set on a corner of the midsize car market the brand has left uncontested for nearly three decades. Not since the Gulf War (no, not that one; this one) has Toyota fielded an all-wheel-drive Camry in the United States. And just as Toyota exerts its control in the overarching midsize car segment with a heavy hand, the automaker expects to do the same in the all-wheel-drive sub-segment of the same category.

Toyota has designs on 50,000 annual Camry AWD sales in the United States.

Oh, Subaru Legacy, where doth Toyota’s success leave thee? In the shadows. (Read More…)

By on February 27, 2020

The growing spectre of coronavirus, an illness currently knocking on every country’s door (and waltzing past the threshold of many), has led Moody’s Investor Service to take an axe to global car sales projections.

On Wednesday the firm erased earlier predictions of a mild cool-off in 2020, replacing it with a steeper volume loss. Given recent reports of automakers scrambling to circumvent supply chain disruptions, idling plants, and a near-total drop in new vehicle sales in China, the prediction has legs. (Read More…)

By on February 26, 2020

Image: Subaru

Turning the five-door Impreza into the lifted Crosstrek was a brilliant bit of strategy for Subaru. Sales of the jacked compact soared following its late-2012 release, rising year after year until 2018, where it managed 144,384 U.S. sales.

While the model slipped last year, Subaru is not content to leave things be. Later this year, the automaker will answer a long-standing cry from Subaru loyalists and endow the Crosstrek with moar power. (Read More…)

By on February 24, 2020

gm

The price seems right, the range looks good, and the body? Well, we’ve seen far more ungainly vehicles achieve success in the past. The Chevrolet Menlo, the bowtie brand’s first EV in China, went on sale in the troubled nation last week with both pros and cons in its corner.

For American viewers who can only look at the Bolt and wish it looked like this, there’s clearly design hope for a U.S.-bound model. (Read More…)

By on February 21, 2020

Forgive us for mentioning the coronavirus, or whatever it’s called now, once again. As the highly infectious illness spreads in China (and now South Korea and Iran), a staggering piece of data shows what happens to a country’s auto sales when the one-party state won’t let citizens leave their home. (Read More…)

By on February 19, 2020

A perplexing vehicle we discussed not long ago has never been cheaper, but don’t expect to read about it in an ad.

The Volkswagen Arteon, a large-ish midsize premium sedan that exists despite the presence of Audi beneath the VW Group umbrella, was apparently struck by Cupid’s arrow on Valentine’s Day. Contained in that arrow (fired from a window at VW of America HQ) was incentives. (Read More…)

By on February 19, 2020

Image: FCA

One of the most fervent wishes of late Fiat Chrysler CEO Sergio Marchionne was to see Jeeps enter the garages of consumers in as many countries as possible. The brand’s expansion in past years has been considerable, but not every model is having an easy time, and not all markets have proven receptive.

This week, residents of a country mourning the impending loss of a home-grown brand learned that a Jeep model will soon be no more. Don’t expect an outpouring of angst, however, as they’d already given up on it. Even the Ford EcoSport sells better. (Read More…)

By on February 18, 2020

Despite the reborn Aviator stumbling out of the gate this past summer, the Lincoln brand otherwise had a good year. Sales rose 8.3 percent in 2019, making it the best year for the resurgent brand since 2007.

Lincoln brass see an even better year ahead, projecting a retail sales bump of 20 percent. (Read More…)

By on February 17, 2020

GM Thailand

The news that General Motors will exile Holden to the Island of Lost Brands overshadows changes set to occur elsewhere in the world, all part of the automaker’s plan to cut costs via a streamlined global footprint.

China, despite its current problems, is still seen as a market with great growth potential, but the same can’t be said for another Asian nation. (Read More…)

By on February 13, 2020

2003 Dodge Dakota 5.9 R/T, Image: Chrysler

File this tidbit under the “no shit” banner. Fiat Chrysler has been without a mainstream midsize pickup since the beginning of the previous decade, and the automaker’s dealer council is sick of waiting.

A our own Tim Cain told you recently, 2019 brought the public’s growing desire for midsize pickups into stark clarity. The segment’s hot and, with the addition of the Ford Ranger, growing. FCA dealers want a slice of that action. (Read More…)

By on February 13, 2020

In a recent earnings report that, unlike Nissan’s, actually pleased investors, Tesla claimed its new Model Y crossover would see its first U.S. deliveries in March of this year. Great news for antsy reservation holders, but some worry the appearance of America’s Favourite Bodystyle will have a harmful impact on the automaker’s current best-seller, the Model 3. (Read More…)

By on February 13, 2020

Nissan has handed in its third-quarter 2019 earnings report, and the grades are bad. Missing analyst expectations, the automaker’s operating profit fell 83 percent in the first 9 months of the fiscal year, with revenues down 12.5 percent. That leaves Nissan with an operating margin of 0.7 percent — down three percentage points from this time last year.

Operating profit in Q3 (October-December) was $210 million.

As the automaker attempts to triage its way out of a financial hole that deepened rapidly in early 2019, Nissan has again pared back its full-year profit forecast. (Read More…)

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