Car Sales
-
And now we know: Tesla's Big Mystery Story, teased via more than one tweet from CEO Elon Musk, is this: You will soon be able to "lease" a brand-new 2013 Tesla Model S. That's a good thing (though not nearly as much fun as some of the ideas proposed under the Twitter hashtag #TeslaPredictions). But we digress. Tesla Motors [NSDQ:TSLA] has partnered with two banks, Wells Fargo and US Bank, to create a "new kind of financing product" that combines, the company claims, "the surety and comfort" of actually owning a car with the traditional advantages of a lease. On a conference call held today...
-
Hybrid Sales Still Climbing: 8 Percent Of U.S. Sales By 2020?There was a point, when Toyota Prius and Honda Insights were rolling off dealer lots in their mere hundreds nationwide, that hybrids were easy to dismiss. Now, as sales leap 32 percent in the first two months of this year and market share sits around 4 percent, the humble hybrid has become a real...
Antony Ingram -
Nissan CEO Talks Electric Car Sales And Chinese ProductionCarlos Ghosn is a busy man. In charge of the Renault-Nissan Alliance, his remit includes the diverse product lines of each company and most recently, each carmaker's electric vehicle range, too. Speaking to Leaf owners at a jamboree at Kansai University, Japan, Ghosn is still positive about each...
Antony Ingram -
Tesla Wins One In Minnesota: Bill To Ban Its Stores DefeatedLike a lot of news from Tesla, this came in the form of a tweet by CEO Elon Musk on Friday morning. It read, in its entirety, "Minnesota auto dealers tried to pass legislation to block Tesla stores. Bill was just defeated in Senate. Thanks MN!" And indeed, a Minnesota Senate committee voted down...
John Voelcker -
California Is Unlike Anywhere Else: Toyota Prius Most Popular New CarYears ago, tourism officials in the Lone Star State adopted the saying, "Texas: It's Like A Whole Other Country". There's some truth to that, but the slogan might be most appropriate for California. Like Texas, California, is home to a diverse array of cultures and a wide range of environments...
Richard Read -
BMW To Use Geniuses Like Apple--To Sell i3 Electric CarsIf you've ever bought a car, you might have experienced the frustration that comes with a sales person who doesn't really know about the car they're selling. That's not an experience you'll have had in an Apple retail store though, where the Genius Bar program provides product experts to hand out...
Antony Ingram -
Hybrids still sell in fairly small proportions compared to regular internal combustion vehicles. Their introduction can be judged a fair success though. The Toyota Prius is California's top selling car, and Toyota has sold over 4 million hybrids since the first Prius rolled off the line little more than a decade ago. Think electric cars are selling poorly? In comparison, at the moment, they are--but look back to those early years of the Prius and the sales numbers tell a very different story. Scientific American has looked at the early sales figures for the Toyota Prius, launched in 1997, and...
-
Ford Boost Dealers Selling Plug-In Electric Cars To 900If you're trying to get your hands on a plug-in Ford, it should soon get a little easier. Ford will more than quadrouple the number of dealers able to sell its plug-in models, the Ford Focus Electric, C-Max Energi plug-in hybrid and Fusion Energi plug-in hybrid this year. According to The Detroit...
Antony Ingram -
Does $5K Tool Really Cause Chevy Dealers To Drop Volt Electric Car?If you were a car dealer, would you decide not to sell a plug-in electric car because you had to buy a $5,000 tool to service it? We didn't think so. Late last year, trade journal Automotive News wrote a story saying that a few Chevrolet dealers have stopped selling the Chevy Volt range-extended...
John Voelcker -
Ford Focus Electric Incentives: $10K Off 3-Year Lease Or $2K CashWe've clearly not seen the back of tempting electric car leasing deals. One Mitsubishi dealer is offering the "i" electric car for as little as $69 per month for example, and Ford is now offering hefty discounts on its Focus Electric. Lease buyers can get up to $10,750 off the cost of a three-year...
Antony Ingram -
2012 Coda Sedan Electric Car Price Slashed to $25,000Coda Automotive, the startup maker that builds the 2012 Coda Sedan electric car, is going through some very tough times. But it looks like one of its three dealers is trying to figure out the right price point for the all-electric compact sedan--which was originally priced at $38,145, including a...
John Voelcker -
People Will Buy Electric Cars If They're Cheap, Privileged, And ConvenientElectric cars may be growing in popularity, but they still make up just a tiny percentage of the U.S. auto market. When will things take off? If sales in Norway are any indication, that will happen when electric vehicles become inexpensive, easy to own, and confer certain privileges. According to...
Richard Read -
Mazda has announced official EPA fuel economy figures and pricing for the 2014 Mazda6 sedan. The striking-looking sedan will start from $20,880, not including Mazda's $795 destination charge ($840 in Alaska), title, taxes, license and other fees. That figure gets you the entry-level i Sport, equipped with Mazda's SKYACTIV-G 2.5-liter gasoline engine, and the SKYACTIV-MT manual transmission. In this format, official EPA fuel consumption reaches 25 mpg city and 37 highway, for a combined figure of 29 mpg. The engine produces a useful 184 horsepower and 185 pounds-feet of torque at 3,250 rpm...
-
Global Lexus Hybrid Sales Pass Half-Million MarkLuxury automaker Lexus has hit a major milestone in hybrid sales: Half a million units. Since the company's first hybrid, the Lexus RX 400h hit the roads in 2005, over 506,000 have followed. And it's the RX hybrid which is still the best-selling line, making up over half of Lexus's total hybrid...
Antony Ingram -
Tesla Reveals European Pricing For Model S Electric SedanTesla Motors [NSDQ:TSLA] has announced European pricing for the Model S, set to go on sale there next year. Speaking on the Tesla Blog, Tesla vice president George Blankenship revealed that the company is using a transparent approach to European pricing, making no more profit per car than it does...
Antony Ingram -
Sales Of Hybrids & Electric Cars Surge 73% In 2012Eco-minded shoppers have seen environmental issues take up more space in the news, and they've known that it was simply a matter of time before those concerns began affecting the sorts of vehicles we drive. Now, mainstream consumers are beginning to see the light. The change hasn't come overnight...
Richard Read -
Nissan Leaf Electric-Car Buyers Really ARE Different, Says DealerSo who buys a Nissan Leaf? Not, as you may be unsurprised to learn, the sort of person who doesn't really care what they buy, says one Nissan dealer. As Nashville Business Journal reports, Leaf customers are already pretty sure they want a Leaf when they walk onto the lot. "It's typically a very...
Antony Ingram -
2013 Honda Civic & CR-Z: Revisions And Pricing Summary2013 sees two significant Honda models subtly improved, the Civic sedan, and the CR-Z hybrid coupe. Both have come under criticism for different reasons, and a host of small updates and specification improvements should go some way to silencing the critics. 2013 Honda CR-Z Honda's small coupe has...
Antony Ingram -
After more than an hour of discussion last night, the town selectmen of Natick, Massachusetts, voted 4-1 to grant a license to sell cars to Tesla Motors Massachusetts. The local company, which the Selectmen concluded was legally separate from Tesla Motors [NSDQ:TSLA], will operate out of a property on West Central Street in the town. Tesla has operated a showroom or "gallery" at the Natick Mall since September, but is not allowed to sell its electric cars there. The Massachusetts Auto Dealers Association had sued the company over its store, saying that, among other things, Tesla's service...
-
Injunction To Shut Tesla Store Denied In MA, Dealers To Fight OnScore one for startup carmakers trying to do things differently. Last Friday, a judge denied a request by the Massachusetts State Automobile Dealers Association for an injunction that would have shut down the Tesla Store in Natick, which opened on September 28. If the dealers' request had been...
John Voelcker -
Should I Buy A New Suzuki (Now That It's Leaving The U.S.)?There's nothing like a bargain price on a brand-new car. And since Suzuki has announced that it'll stop selling cars in the U.S., there are bargains galore on new Suzuki models. But is buying a brand-new car from a departing manufacturer a good deal? That depends on how the carmaker exits; unlike...
John Voelcker -
Auto Dealers' Fight Against Tesla Stores: Elon Musk Weighs InTesla Motors is facing a formidable opponent it may not have sufficiently appreciated: the auto dealers of America, and their state associations. Tesla, you may remember, is selling its electric cars online, not through franchised, independently owned dealers, and delivering them directly to buyers...
John Voelcker -
2013 Toyota Prius, Prius V, Prius Plug-in Hybrid Pricing AnnouncedThe 2013 Toyota Prius Liftback and 2013 Prius V wagon will cost buyers between $100 and $200 more than comparable 2012 models, Toyota announced yesterday. The pricing increase, which comes into effect immediately, means that those buying the 2013 Prius Liftback will find themselves paying $200 more...
Nikki Gordon-Bloomfield -
2013 Chevrolet Spark So Popular, GM Boosts ImportsThere was a time, not so long ago, when most Americans would laugh at the idea of buying a car just a bit longer than 12 feet. But now one minicar--the 2013 Chevrolet Spark--has sold so well in its first two months on the U.S. market that Chevrolet has had to increase imports. Currently made at a...
Nikki Gordon-Bloomfield