Sales | TheDetroitBureau.com - Part 2- htxurl.info

Archive for the ‘Sales’ Category

First Drive: 2019 Dodge Challenger SRT Hellcat Redeye Widebody

The love child of a Hellcat and a Demon.

by on Aug.08, 2018

Smokin'! The Challenger Hellcat Redeye's Line Lock lets you spin the rear tires before launch.

In barely the time it takes to say its full name, the 2019 Dodge Challenger SRT Hellcat Redeye Widebody will already be blasting past 60, on its way to a top speed of 203 mph.

Think of the Redeye as “the child that came out of the marriage of the Hellcat and Demon,” suggests Chris Cowland, the otherwise mild-mannered Brit who has overseen powertrain development for some of the fiercest muscle cars ever unleashed on public roadways.

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The new-for-2019 Redeye is the latest in the Dodge performance line-up, offering yet one more variant on the Challenger platform. While not the most powerful version ever – a distinction that belongs to the limited-edition, 2018 Demon – the Redeye has nothing to be ashamed about. As Cowland suggests, it is, indeed, what you’d expect from the lovechild of a Hellcat and Demon, as we found during a day’s driving through the Maine Countryside, wrapped up with lap time on the Club Motorsports track an hour outside Portland.

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Ford Treks into New Territory With New China-Built Ute

New SUV to help revive sales in China.

by on Aug.08, 2018

Ford's new entry-level sport-utility, the Territory, is the first of a wave of 50 new or redesigned products coming to China between now and 2025.

Ford Motor Co. has been perpetually behind when it comes to selling vehicles in China. Last year’s results were bad and with 2018 shaping up to be worse, the automaker is looking to move into new territory in 2019 with its new Territory SUV.

The entry-level ute is the first in a slew of new products the automaker expects will cut its double-digit monthly sales losses. In all, the company plans to introduce 50 new or redesigned vehicles in China between now and 2025.

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The SUV, which is expected to be start at just under $22K, is part of an extremely popular segment in China. It’s a segment in which Ford has been a nonfactor until now. (more…)

GM Hopes for Compromise in Looming CAFE Clash

Consistency is key for product development.

by on Aug.07, 2018

General Motors President Dan Ammann said the automaker is hoping government policy on fuel economy will help foster innovation.

Despite the uncertainty, General Motors is hoping the unfolding debate over fuel economy triggered by the administration of President Donald Trump will lead to an outcome that can foster innovation.

Ammann acknowledged as he fielded questions from reporters after an appearance at the Billington Cybersecurity Automotive Summit in Detroit that the proposal by the administration to freeze fuel-economy standards has created challenges.

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“We’re obviously in a long-cycle business,” said Ammann, who was careful not to endorse the administration’s proposal, which also challenges the state of California’s ability to set its own fuel-economy and emission rules for automakers.  (more…)

Light Trucks Dominating Honda’s Familiar Sedan, Coupe Lines This Year

Pilot shows the real momentum in brand’s line-up.

by on Aug.06, 2018

Strong momentum for the Pilot means Honda's trucks will likely outsell passenger cars, including the all-new Accord, this year.

Its traditionally been known for popular sedans and coupes like the Accord and Civic, but unless there’s a sudden shift in demand, Honda will end the year with its light truck line-up dominating its U.S. sales.

The automaker’s luxury arm, Acura, has largely been dependent on crossovers like the RDX and MDX for a number of years, but Honda had continued to buck the light truck trend – at least until this year. Through the end of July, Honda-branded utility vehicles, minivans and pickups rang up sales of 434,169 vehicles in the U.S., while familiar passenger car models managed only 406,357 sales.

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The shift in demand is leading Japan’s second-largest automaker to not only shift production at its North American assembly lines, but also look at its product mix. During the last several years, Honda has added the entry-level HR-V crossover to its line-up and brought back the Ridgeline pickup. Few observers would be surprised to see it follow the path of crosstown rivals Toyota and Honda and add even more light trucks to its portfolio in the years ahead. (more…)

Former Worker Countersues Tesla Over Sabotage Claim

Martin Tripp alleges automaker tried to cover up quality problems.

by on Aug.06, 2018

Former employee Martin Tripp claims he was fired after trying to report problems at Tesla's Gigafactory.

A former employee at the Gigafactory battery plant has sued Tesla after it claimed he committed sabotage and stole intellectual property.

Martin Tripp was fired by the battery-carmaker in June and subsequently sued by Tesla for allegedly sabotaging the company’s manufacturing system and also stealing its intellectual property. In turn, Tripp has filed a whistleblower complaint with the Securities and Exchange Commission, while also filing a lawsuit against Tesla.

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In the lawsuit, the former employee said the carmaker took action after he “raised his concerns about the seemingly exorbitant amounts of scrap” being produced at the Gigafactory, though “no action was taken.” Tripp even sent an email to Tesla CEO on May 16, 2018 expressing his concerns and backing them up with “graphical charts.”

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GM Pushing to Get Tariff Exclusion for China-Made Envision SUV

If successful, it would eliminate a 25% price hike.

by on Aug.03, 2018

The Buick Envision is caught in the new tariff wars as its built in China and sold in the U.S.

The tariffs implemented by the Trump administration on China are having a negative impact on several American companies, specifically General Motors. However, the company is looking to find a way around them.

GM’s Buick Envision is built in China and, as such, is subject to hefty levy when entering the country, but the company is in talks with Trump’s trade representatives to get an exemption on the popular midsize sport-utility that accounts for nearly 20% of the brand’s U.S. sales.

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GM said in a statement that it filed the request on July 30 with the U.S. Trade Representative. An official notice was posted on Thursday on the regulations.gov website, which is tracking requests for exclusions from the so-called Section 301 tariff on certain imported goods from China, according to Reuters. (more…)

FCA Aims to Ban India’s Mahindra Over Jeep Look-Alike

Case going before International Trade Commission.

by on Aug.03, 2018

Mahindra is ramping up U.S. production of its Roxor SUV, which Fiat Chrysler is attempting to block.

Fiat Chrysler Automobiles wants the International Trade Commission to block Mahindra & Mahindra Ltd. from selling its Roxor model through the new U.S. dealership its setting up because the SUV looks too much like a Jeep.

It’s the latest in a series of battles Detroit automakers have faced, many of them in China, as they try to prevent emerging competitors from marketing knock-offs and, in some cases, even using nearly identical model and brand names.

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In the case of the Roxor, FCA’s complaint to the Trade Commissions alleges the Indian SUV is “a nearly identical copy of the iconic Jeep design,” as was ‘modeled after the original Willys Jeep.” (more…)

European Automakers’ US Sales Fared Well in July

Mercedes-Benz still the luxury sales leader.

by on Aug.02, 2018

Mercedes-Benz saw sales fall more than 20% in July, but much of that was attributed to a computer problem during the company's busiest week.

With the threat of steep tariffs hanging over their heads, European carmakers enjoyed positive sales in July even though one of the leaders, Mercedes Benz, struggled a bit.

Mercedes-Benz USA reported July sales of 20,034, a decrease of 22.7% from July 2017 as archrival BMW sold more vehicles. Lexus appears to hold the lead in luxury segment with sales of 25,403 units, which dropped 12.1% on a volume basis.

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Meanwhile, Mercedes-Benz Vans reported July sales increased 5.9%. On a year-to-date basis, sales of Mercedes-Benz vehicles totaled 178,882, giving it the lead in luxury vehicle sales for 2018. (more…)

Tesla Q2 Losses Double, But Profits Promised in Q3

Investors happy to see capex spend drop, stock jumps nearly 5%.

by on Aug.01, 2018

Tesla CEO delivered enough positives in the second quarter to excite investors. The company's stock rose 5% in after hours trading.

Tesla Inc.’s mad dash efforts to meet its ever-shifting production quotas didn’t result in a narrowing of financial losses for Q2, not that CEO Elon Musk implied that. However, the end result was a doubling of losses on a year-over-year basis.

In the second quarter of 2018, Tesla’s automotive business saw revenue rise to $3.1 billion compared with $2 billion for the same period last year; however, losses jumped to $717.5 million, or $4.22 a share, from $336.4 million, or $2.04 a share.

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However, the letter produced to explain the quarterly results suggests that only good times are on the horizon despite the company missing analyst expectations for losses this quarter. Ultimately, shareholders were pleased with the results as the stock jumped nearly 5% after hours on the news.  (more…)

Buyers Sit Out July Due to Higher Interest Rates, Fewer Incentives

Transaction prices were up $925 in July.

by on Aug.01, 2018

AutoNation CEO Mike Jackson called July a "clunker" when it came to the sales results, adding that every sales year has one.

Analysts and industry executives have been pointing to the second half of this year, expecting sales to decline so July’s results weren’t a complete surprise.

However, with a second quarter GDP at 4.1% and promises by President Donald Trump that the good times are going to continue to roll, at least economically, what caused the slump in car sales to occur as the negative nellies said it would”

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It’s multiple factors, starting with vehicle loan interest rates. The annual percentage rate (APR) on new financed vehicles averaged 5.74% in July 2018 compared to 4.77% in July 2017, according to Edmunds.com. (more…)