Archive for the ‘Trends’ Category

Dealers Hampering Sales of Electric Vehicles, Study Shows

Sales of EVs predicted to rise 50% in the U.S. in 2018.

by on May.25, 2018

The Chevy Bolt was one of Consumer Reports 10 best vehicles when it came out. Despite this, a new study suggests salespeople don't want to sell them.

Despite the fact that more and more consumers seem to be interested in buying electric vehicles, a new study suggests that dealers still seem to want to not sell EVs.

According to a study by Nature Energy, salespeople are reticent to sell people who specifically ask about electric vehicles an EV. The publication sent out 126 people to 82 dealerships across Denmark, Finland, Iceland, Norway and Sweden who were either deterred from buying an EV or were given incorrect information about them.

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These countries are all in the top 15 electric vehicle markets in the world.  (more…)

McLaren’s Growth Means Adding New US Dealers

British sports car gets new stores on both coasts.

by on May.23, 2018

McLaren Automotive's been enjoying record sales and needs two new dealerships including McLaren Sterling just outside Washington D.C.

With its sales of ultra-expensive sports cars steadily climbing, McLaren Automotive has been fortifying its bottom line with new models after its long-expected demise has come and gone.

The growth in new vehicles in the product portfolio has strengthened interest in the company’s largest market: the United States. As a result, the company’s dealership network is growing too and the company is adding new retailers in wealthy communities on the East and West coasts.

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One of the new dealerships will be in Beverly Hills, California, the other in Loudon County in Northern Virginia, just outside Washington D.C. The two new stores join McLaren’s network of 80 dealers that stretch across 30 markets around the world. (more…)

Bosch Exec Predicts 50 Percent Rise in 2018 EV Sales

Annual sales expected to rise from 1% to 1.5% of total sales.

by on May.23, 2018

The Chevy Bolt will be joined by two dozen other GM battery-electric vehicles by 2023.

Sales of battery electric vehicles are growing steadily and impressively, according to a key executive at Robert Bosch Gmbh, one of the world’s top automotive suppliers.

Sujit Jain, Bosch Group regional president, Passenger Cars and Electric Vehicles, Powertrain Solutions Division, noted the market share of battery electric vehicles has steadily grown in the U.S. since 2013, reaching nearly 1%.

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On the surface, the number appears small, but the rate of growth has been impressive with EV sales possibly reaching 1.5% this year, Jain said after a presentation at the Bosch Mobility Experience at the company’s North American test track in suburban Detroit. (more…)

Gas Prices Keep Rising; Might Truck and Ute Sales Fall?

Analyst thinks prices are getting high enough to hurt SUV sales.

by on May.22, 2018

With gas prices averaging nearly $3 a gallon in the U.S., at least one analyst is concerned truck and utility vehicle sales could be impacted.

Going into the Memorial Day weekend, the traditional opening of the summer driving season, the average price of gasoline across the U.S. continues to climb and analysts expect even higher prices lie ahead, prompting at least one respected analyst suggest buyers of new vehicles may start to rethink their purchase decisions.

Gas prices jumped 12 cents during the past 14 days, and six-cents since last week, landing the national average at $2.93 – the highest price point going into the Memorial Day weekend since 2014, according to AAA.

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“AAA forecasts nearly 37 million travelers will hit the road for the holiday weekend. Compared to an average of the last three Memorial Day weekends, pump prices are nearly 50 cents more expensive and climbing,” said Jeanette Casselano, AAA spokesperson.  (more…)

China Tariffs on Hold as Trade War Talk Recedes

Two countries putting a deal together.

by on May.21, 2018

The Trump administration is backing away from proposed tariffs on a variety items imported from China.

The announcement by the U.S. Secretary of the Treasury Steve Mnuchin that the Trump administration will suspend any plans to impose tariffs on Chinese imports lowers the risks for American and European carmakers, fearing the impact of a trade war.

Companies such as Mercedes-Benz and BMW, which export American-made vehicles to China, will apparently be spared, facing the substantial tariffs the Peoples Republic of China had proposed imposing on vehicles exported from the United States.

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Importers of vehicles from China, such General Motors, also will be spared American tariffs on vehicles from Chinese factories. (more…)

Chevy Escalates Truck Engine Wars with Four New Offerings

A new Duramax diesel coming in 2019.

by on May.19, 2018

The 2019 Silverado RST comes standard with an all-new, advanced 2.7-liter turbo engine active fuel management and stop/start technology.

Chevrolet is firing another round of salvos in the ongoing engine wars between the Big Three truck makers, debuting four new powerplants including a four-cylinder turbo, ultimately resulting in six new powertrain combinations.

The brand unveiled a 2.7-liter turbocharged four cylinder as well as two new V8s: a 5.3-liter and a 6.2-liter, both of which use Chevy’s active fuel management system. The system uses four, six or eight cylinders depending upon the demands on the engine. Push the pedal to the floor, the driver gets all eight, but if cruising along the freeway, it drops to four and improves fuel economy.

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The 2.7-liter will be the standard engine for the brand’s high-volume trucks, replacing a 4.3-liter V6, which remains available. A new 3.0-liter Duramax turbodiesel will also be available in 2019. EPA mileage ratings for the new engines are available yet. (more…)

In Final Move as FCA CEO, Marchionne Expected to Order Massive Shift in Product, Manufacturing Plans

Small Fiat models likely to be dropped, brand may leave U.S.

by on May.18, 2018

Could FCA pull the Fiat brand out of the U.S.?

As Fiat Chrysler Automobiles prepares for life beyond its founding chief executive, CEO Sergio Marchionne is expected to announce major shifts in the automaker’s product and manufacturing strategy, according to several reports.

During a June 1 meeting meant to reveal FCA’s next five-year plan, the 65-year-old executive reportedly will announce that the Fiat brand will abandon two of its base models, the Punto and Mito, while shifting emphasis to more up-market models. The automaker also will put more emphasis on its Jeep brand which, Marchionne said during the Detroit Auto Show earlier this year, could help Fiat Chrysler double its earnings during the next five years.

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One of the key questions hanging over the Euro-American automaker may not be resolved during a meeting bringing together analysts and journalists from around the world: who will replace Marchionne as CEO? He has dropped hints that his successor will come from FCA’s current top management ranks, which means no women or outsiders are in the running.

(more…)

Mercedes Tooling Up French Plant to Take on Tesla Model 3

Compact EQA model will be one of 10 all-electric models coming by 2022.

by on May.18, 2018

The Mercedes-Benz Concept EQA made its debut at last autumn's Frankfurt Motor Show.

Daimler will invest 500 million euros, or $588 million, to tool up a plant in France that will produce an all-electric vehicle targeting the Tesla Model 3.

The German automaker has announced major plans for entering the battery-electric vehicle, or BEV, market. That includes products like the compact concept vehicle Mercedes-Benz revealed at the Frankfurt Motor Show last September.

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The French battery-car will be based on that EQA prototype. By 2022, the new Mercedes-EQ sub-brand will be selling 10 BEVs. That’s on top of the electrified models to be offered by Daimler’s Smart brand. (more…)

Mercedes-Benz Restarting SUV Production in Alabama

Maker one of four impacted by fire at Michigan-based Meridian plant.

by on May.18, 2018

Mercedes-Benz officials said its SUV plant in Alabama will resume operations next week.

Mercedes-Benz said it expects to resume production of sport utility vehicles at its assembly plant in Alabama next week.

“We have worked with our supply base to reestablish part flow and we anticipate getting the first round of parts next week to slowly begin ramping up SUV production operations.

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“We are optimistic that as we go forward we will be able to add more production – gradually getting back to our normal production operations,” Felyicia Jerald, spokeswoman for Mercedes-Benz U.S. International said in an e-mail to AFP. (more…)

Tesla’s California Plant Shutting Down for Six Days

Soros buys $35 million in convertible bonds.

by on May.16, 2018

Tesla CEO Elon Musk plans to shut down the Fremont, California plant for six days later this month.

Tesla CEO Elon Musk isn’t just sleeping on the plant floor at the company’s Fremont, California plant hoping a solution to increase Model 3 production will come to him by osmosis — he appears to be trying.

Just a days after changing the company’s management structure to improve communication, he’s going to shut the entire plant down for six days at the end of this month to make changes with the goal of increasing production of Tesla’s first “mainstream” car.

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Earlier, the EV maker warned the plant would shut down for a total of 10 days to tackle manufacturing issues at the site. The issues have put Model 3 production well behind schedule, angering some who plunked down deposits and irritating shareholders and analysts. (more…)

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