Archive for the ‘Sales’ Category

Volvo Scrambles as Trump Tariffs Shatter Export Plans for New U.S. Plant

China market closed, “I need to find a substitute," says US CEO.

by on Oct.10, 2018

Volvo's new plant near Charleston, S.C., is churning out new S60s. It will add the XC90 in 2021.

Volvo’s plans for its first-ever American assembly plant have been thrown into turmoil as a result of Pres. Donald Trump’s trade war with China, something that will result in fewer auto exports from the South Carolina factory, potentially impacting hiring plans, the automaker’s U.S. CEO told TheDetroitBureau.com.

Volvo initially planned to use the Charleston facility as its global source for the all-new S60 sedan, while also producing some of its popular XC90 crossovers. Fully half of the assembly plant’s production was earmarked for China and other overseas markets, noted Anders Gustafson. But the administration’s escalating trade war has resulted in China boosting tariffs on American-made vehicles and parts from 25% to 40%, even as it reduces duties on auto imports from other trade partners to 15%.

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“Now, we cannot export to China” because the S60 would be priced out of the market, Gustafson, the president and CEO of Volvo Car USA, said during an interview near Los Angeles, where the company was offering journalists a first drive of the S60. “In this segment, you can’t raise prices because of competitiveness.” (more…)

Trump Set to Allow Year-Round Sale of E15 Fuel

President appears to be catering to corn farmers.

by on Oct.09, 2018

President Donald Trump is expected to lift the summer time sales ban on E15 gasoline, allowing year-round sales.

President Donald Trump is looking to make farmers happy, corn farmers anyway, with plans to remove the ethanol restriction on gasoline and allow E15 blends to be sold year-round.

Currently, the blend is banned between June 1 and Sept. 15 each year because of concerns that the special blend combines with the higher summer temps to produce smog. Advocates for ethanol claim the charge is unfounded.

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E15 contains 15% ethanol while most gasolines are already made up of 10% ethanol.  (more…)

VW Back in the Global Sales Lead, But Toyota Returns to #2

Final months of 2018 could bring an epic battle.

by on Oct.08, 2018

Volkswagen appears to be the top selling automaker in the world with less than three months left in the year.

With 2018 quickly drawing to a close, Volkswagen appears to have cemented the global sales crown to its corporate head, rapidly gaining ground from its two closest competitors.

But rivals Toyota and the Renault-Nissan-Mitsubishi Alliance are facing a classic, neck-and-neck battle that could see them fighting it out until the last sale is counted, according to data compiled by research firm Focus2Move, for second place.

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One long-time contender, meanwhile, has dropped out of the race entirely. General Motors, which led the global auto industry for more than seven decades, is well out of the running after selling off its European Opel subsidiary and shuttering operations in several other markets, including Russia and India. (more…)

Strong Demand, Interest Rates Causing Jump in Used Car Prices

Compact, midsize sedans driving the shift.

by on Oct.08, 2018

Used vehicle prices are on the rise and that's unlikely to change in the near term, especially for compact and midsize sedans.

Car buyers looking for a deal by getting a used car are going to be sorely disappointed — used vehicle prices are on the rise.

According to the latest data from Manheim, used vehicle values set a new record for the third month in a row, which is unusual. The abnormal summer bounce began in mid-June and drove prices higher for 11 straight weeks.

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That changed some with the arrival of September, which saw several weeks of normalizing depreciation. However, it wasn’t enough to offset the overall jump in prices as 3-year-old vehicles are now worth 4.5% more than they would normally be worth had typical depreciation occurred through July and August, according to Manheim. (more…)

VinFast Amps Up Ambitions After Strong Debut in Paris

Look for it to target markets outside SE Asia. Europe could follow.

by on Oct.04, 2018

VinFast CEO Jim DeLuca, center left, unveils the company's two offerings with Miss Vietnam, left, and David Beckham, right.

The world’s newest automaker is rapidly ramping up its plans.

Little more than a month ago, during a visit to the new VinFast headquarters and manufacturing complex in Haiphong, an hour outside Hanoi, company officials told TheDetroitBureau.com they were set to focus on the fast-growing Vietnamese automotive market, though they hinted they might look beyond the country’s borders at some time in the future.

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That future has apparently come fast. Following a well-reviewed debut of its first two products at the Paris Motor Show earlier this week, VinFast CEO Jim DeLuca revealed in an exclusive interview that “within a year we’ll be able to announce markets outside Vietnam and outside ASEAN (a trade bloc of Southeast Asian nations), to be clear. We’ve got our sights set both domestically and beyond.” (more…)

Future of Alliance with Nissan/Renault the Big Question as Zetsche Prepares to End Role as Daimler CEO

Zetche and Nissan/Renault’s Ghosn insist there is more to come during Paris new conference.

by on Oct.03, 2018

Zetsche and Ghosn first met when the German exec was working at Freightliner and the Brazilian-born Ghosn worked for Michelin.

Since launching the first in a broad series of joint ventures nine years ago, Daimler AG and the Nissan/Renault/Mitsubishi Alliance have generated what they claim to be billions of dollars in “synergies” that have allowed them to expand their product lines and grow into new markets.

But in recent months, the future of that partnership has come under question. The last major new project was announced three years ago. And now, with Daimler Chief Executive Dieter Zetsche planning to relinquish the CEO title next year, that has raised new questions about whether his successor, Ola Kallenius, would keep the alliance going.

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“Without the chemistry between us, maybe this wouldn’t have happened,” said Zetsche, during a joint news conference with Nissan/Renault/Mitsubishi Alliance chief Carlos Ghosn. But considering the results the partnership has generated, “I don’t see from my perspective why the momentum in this relationship should change.”

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Tesla Hits Third Quarter Model 3 Production Target

EV maker puts out 55,849 Model 3 sedans.

by on Oct.02, 2018

Tesla's Model 3 production has been the focus of the company much of the year, but the company made its Q3 production goal of 50,000 to 55,000 sedans.

Of the many things that Tesla CEO Elon Musk has uttered or tweeted in the past few months, none may have been more important than what he said, and meant, on Aug. 1 — Tesla would build 50,000 to 55,000 Model 3 sedans in the third quarter.

Musk has made and missed more production predictions than any modern day CEO. However, this time, the company made his – and analysts – forecasts by producing 55,849 Model 3s in Q3. Analysts predicted 55,600.

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Overall, Tesla built an impressive 83,500 vehicles during the period, exceeding analysts predictions of 80,000 vehicles, and more than three times the previous year’s tally of 26,150 units. During Q3, Model S sedan sales rose to 14,470 from 14,065 a year earlier, while Model X sport-utility vehicle deliveries rose to 13,190 from 11,865.  (more…)

Fiat Chrysler Outsells Ford in September

Makers struggle to overcome Hurricane Harvey-led sales from last year.

by on Oct.02, 2018

Fiat Chrysler outsold rival Ford Motor Co. in September, led by strong sales of its Ram pickup truck.

In a dramatic reversal of fortune, Fiat Chrysler Automobiles outsold Ford Motor Co. during the month of September and moved with striking distance of Toyota, the leading Japanese automaker.

FCA US reported U.S. sales of 199,819 vehicles, a 15% increase compared with sales in September 2017 of 174,266 vehicles.

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Meanwhile, Ford Motor’s September U.S. sales declined 11.2% on total sales of 197,404 units. Sales by Toyota Motor North America declined by more 10% with on sales of 203,095 Toyota and Lexus units. (more…)

First Look: 2020 Mercedes-Benz GLE is More Luxurious – and More Capable

Mild hybrid system lets it hop out of trouble.

by on Oct.02, 2018

The 2020 Mercedes-Benz GLE hits the stage at the Paris Motor Show. The fourth-generation of the midsize luxury ute is loaded with convenience tech.

There are few things worse than finding yourself dug into sand and unable to move, but the 2020 Mercedes-Benz GLE will offer a novel way of getting out of that mess, literally hopping up and down until its wheels gain traction.

What the German automaker describes as “Free-Driving Mode” is just one of the new and sometimes novel features that will debut on its next-generation midsize sport-ute. Able to seat up to seven adults with an optional third row, the remake of the popular midsize SUV is both more luxurious and more capable, based on what was shown when the 2020 Mercedes GLE made its debut at the Paris Motor Show this morning. At least some of the credit goes to the new 48-volt mild-hybrid technology built into the GLE 450 on display at the show.

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Originally known as the Mercedes-Benz M-Class, the midsize model helped touch off one of the most dramatic transformations in the luxury automotive market when it debuted in the 1998 model-year. There were plenty of skeptics who questioned the idea of a high-line SUV but, today, conventional sport-utility vehicles and crossovers dominate the market, with even Aston Martin, Ferrari and Rolls-Royce set to join the club. (more…)

First Look: BMW Rolls Out 7th-Generation 3-Series in Paris

This time they mean it when they it’s all-new from the ground up.

by on Oct.02, 2018

The 2019 BMW 3-Series sticks with a relatively familiar exterior design.

It may not be the most expensive model in the BMW line-up, and considering where the global luxury car market is going, SUVs and CUVs are coming to dominate the sales charts. But perhaps no model line better defines the DNA of the Bavarian automaker like the long-lived 3-Series.

So, expect to see and hear a lot about the all-new, seventh-generation compact, the 2019 BMW 3-Series to launch next spring in the U.S. market with the arrival of the 330i and 330i xDrive, as well as the M340i andM340i xDrive. And you also can expect to see a slew of additional versions, all the way up to the de rigueur M3, to follow in relatively short order.

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Automakers often overuse phrases like, “all-new,” or “ground-up redesign,” but they appear to fully apply here, the gen-7 3-Series pretty much revisiting everything, including its basic platform, suspension and powertrain line-up. It also introduces or updates a wide range of technologies. That includes the 330e plug-in hybrid coming in 2020, as well as the debut of the BMW Intelligent Personal Assistant that uses plain-English commands to operate everything from navigation to audio and even lets you ask it what a warning light might be trying to tell you.

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