Mitsubishi Looks to Make a Comeback in its Race for Survival

For decades, Mitsubishi competed in various forms of racing, particularly off-road and rally racing, and achieved much success despite not being a major auto manufacturer. In doing so, the company demonstrated its engineering prowess, which spawned generations of vehicles utilizing Mitsubishi’s famed all-wheel drive technologies. In recent years, however, the Japanese brand has skidded into a series of rough patches and has seemingly lost its way in the form of falling sales figures. With much of the competition leaving Mitsubishi in the dust, doubts have arisen over the viability of ...

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U.S. EIA’s Latest Report Contains Important Implications for Alt-Powered Vehicles

Recently the U.S. Energy Information Administration (EIA) released an early version of its “Annual Energy Outlook” report for 2014 (AEO2014). Each year the organization publishes a long-term energy assessment that is intended to be used “as a starting point for analysis of potential changes in U.S. energy policies, rules, or regulations or possible technology breakthroughs.” Contained within the pages of the early AEO2014 release are numerous projections that deal with the EIA’s reference case (or the most probable forecast) for energy market trends, which shou ...

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Mid-Month Used Price Update: Prices Slip by 0.7% over the First Half of December

Used vehicle depreciation for units up to eight years in age dropped by 0.7% over the first half of December, which is a trajectory in line with NADA’s full-month forecast of 1.5%. Should the month finish as expected, used vehicle prices will end the year 0.5% higher than 2012’s record high level; in addition, depreciation would be on par with what has been recorded for December over the past few years (excluding 2012’s abnormally strong result stemming from Hurricane Sandy). Across segments, depreciation has largely fallen within a tight range of 0.2% to 0.7%, with co ...

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General Motors Sales Ignite in November

Looking at November new sales, all of General Motors’ (GM) brands saw significant increases, with GMC reporting the biggest of the month as sales grew by 20%. The largest contributor towards GMC’s success was the performance of two models in particular: Acadia and Sierra deliveries increased by 108% and 23%, respectively, which accounted for the lion’s share of total brand sales. For Buick, sales increased by 13%, mainly because of the all-new Encore, introduced in Jan. 2013, which accounted for 2,663 additional sales for the brand. GM’s volume leader Chevrolet m ...

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What New Vehicle Incentives Mean to Used Car Prices

It makes sense: incentivizing someone to purchase a car with cash, finance deals or lease deals reduces the price of that vehicle down the road. But just how much the different types of incentives impact used prices may surprise you.   A new vehicle cash incentive of $1,000 reduces the price of a one-year-old used vehicle by nearly $600, while $1,000 spent on finance and lease incentives reduces the price of that same one-year-old vehicle by $165 and $89, respectively.  If market conditions, such as the economy, time of year, level of supply, etc. and manufacturer suggested retai ...

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GM Makes Timely Return to Mid-Size Pickup Segment with Chevrolet Colorado

Back in 2000, there were eight mid-size pickup models on the market. Today there are only three with Toyota's Tacoma and Nissan's Frontier comprising the lion's share of new deliveries and Honda’s Ridgeline with the smallest piece of the pie. As a percentage of total new vehicle sales, mid-size pickups were responsible for 6.2% of all deliveries in 2000, although by the end of last year the segment's share had fallen to just 2%. Recent sales show that through October of this year share has fallen even further, reaching a scant 1.6%. The falloff in new vehicle sales ...

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BMW Raises the Bar at the 2013 L.A. Auto Show

The 2013 Los Angeles Auto Show opened its doors last week at the L.A. Convention Center, where many of the industry’s largest automakers welcomed the press and presented their most exciting and newest vehicles. As the first major event in the U.S. auto show season, anticipation was high as to what would be in store this year. After having cut back during the recession, automotive companies are beginning to respond to the rebound in auto sales by establishing a greater presence at the world’s biggest auto shows; that was certainly the case at this year’s L.A. auto show. ...

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November Mid-Month Update: Used Vehicle Depreciation Slows Considerably

After diving by 3.5% on a prior month basis in October, used vehicle depreciation eased up substantially over the first half of November with prices falling by 1.2%, a figure in line with NADA’s full-month target of 1.5% to 1.75% and one dramatically better than October’s mid-month fall of 3.1%. At the segment level, mid-size van prices have firmed up the most with depreciation improving to 1.6%, up by more than three percentage points from October’s full-month loss of 4.7%. The stabilization in mid-van prices has come despite 2013 model year volume increasing by 32% or 52 ...

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2013 L.A. Auto Show Preview: Exciting New Vehicles From Lincoln & Subaru

Opening next week, the Los Angeles Auto Show kicks off the auto show season here in the United States. As always, industry professionals and members of the press will be given the opportunity to check out the latest offerings from manufacturers before the doors of the L.A. Convention Center open up to the public on November 22nd. We’re gearing up this week here at NADA in anticipation of exciting new product announcements from across all segments, and while there are many noteworthy new introductions planned, a couple in particular stand out. Two vehicles on my hot list are the new L ...

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Clock Strikes Midnight: Volkswagen’s Fairy Tale Ride Turns into a Pumpkin

By 2005, Volkswagen’s market share in the United States had fallen to a barely noticeable 1.3% and the company’s outlook was less than stellar. Sales remained relatively flat in the years that followed, but in 2007, Volkswagen of America moved into its new U.S. headquarters in Herndon, Va. and the company reinvested in its American operations. Despite falling sales through the recession, market share continued to grow and by 2012, VW’s share had reached 3.0% and the brand notched 438,133 deliveries, its highest mark since 1973. Volkswagen, the third-largest automaker in the world, became a C ...

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