Sales incentive growth clustered around brands with few CUVs, trucks [UPDATE]

Sales incentive growth clustered around brands with few CUVs, trucks [UPDATE]

September 24, 2014 by · Leave a Comment 

Filed under: Honda , Kia , Toyota , Volkswagen , Earnings/Financials While it’s arguably been around the longest, the dominance of the four-door sedan has been under threat for many years. As a further sign of the hurtin’ that SUVs and crossovers have put on today’s four-doors, a new report from Automotive News points to the increasing use of incentives by brands reliant on cars and light on CUVs and pickups. Honda , Toyota , Volkswagen and Kia have all been stung by double-digit increases in their incentives-to-transaction price ratio, according to AN, which cites data from TrueCar. Honda’s ratio is up 14 percent, while Toyota, VW and Kia are up 18, 15 and 19 percent, respectively. ” Most of the incentive growth we have seen is in product segments with low demand – midsized or large sedans ,” TrueCar President John Krafcik told AN. “As this trend goes on, the brands with three-sedan strategies are going to be in worse shape on incentive spending than the crossover brands.” Krafcik backed up his argument with this fun fact: Honda sales were up just two percent in August, compared to Jeep , whose sedan-free fleet saw sales jump 49 percent in the same period. The move towards CUVs isn’t too hard to figure out, with AN pointing out the increasingly fuel-efficient high-riders that are overtaking showrooms. That’s bad news for both sedans and the manufacturers that produce them. UPDATE: A previous version of this story listed John Krafcik as CEO of TrueCar. That is incorrect.

Sketches Give Peek at Riley Hawk and Slayer-Inspired Scion Vehicles for SEMA Show

Sketches Give Peek at Riley Hawk and Slayer-Inspired Scion Vehicles for SEMA Show

September 18, 2014 by · Leave a Comment 

TORRANCE, Calif., (Sept. 18, 2014) – Metal, music and some serious skateboarding moves inspired two new Scion cars for the upcoming Specialty Equipment Manufacturers Association (SEMA) Show. Scion will debut the “Scion x Slayer Mobile Amp tC” for heavy metal band Slayer and the “Scion x Riley Hawk Skate Tour xB” for pro skateboarder Riley Hawk at the SEMA Show in Las Vegas, Nov. 4-7, 2014.

Toyota reports huge quarterly profit increase, raises forecast for the year

Toyota reports huge quarterly profit increase, raises forecast for the year

August 4, 2013 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials Toyota isn’t just the world’s largest automaker – so far its the biggest winner for quarterly profits. With an enormous $5.5 billion take during Q2, Toyota took advantage of the weak Japanese yen and strong US demand to record a 94-percent improvement in profit over the same period from last year. So far, Toyota brought in larger profits than Ford and General Motors combined. Toyota is showing no signs of slowing down either, as it has bumped up its forecast for full-year global production, going from 9.94 million to 10.12 million vehicles, on the back of a 13-percent drop in the buying power of the Japanese yen versus the US dollar. That strong exchange rate is largely responsible for Toyota’s big jump in profits, although it also managed to shift 1.3 million vehicles in the US market this year. Strong Camry sales have also helped. But while Toyota is raking in the cash, it actually saw a small drop in market share, down 0.1 percent to 14.3 percent of the US market. As is the case with most automakers, Toyota seems flummoxed by Europe, where it recorded less than one percent of its revenue. Still, as Automotive News points out, Toyota only maintains a 4.5-percent market share in Europe and is far less dependent on the continent than other manufacturers. Toyota also struggled at home, much like Honda .

Mazda CX-5 named Japan’s Car of The Year, Subaru BR-Z wins "Special Award"

Mazda CX-5 named Japan’s Car of The Year, Subaru BR-Z wins "Special Award"

December 3, 2012 by · Leave a Comment 

Filed under: Convertible , Sedan , Japan , Crossover , BMW , Land Rover , Mazda , Scion , Subaru , Toyota , Luxury The Mazda CX-5 stamped its Kodo design and SkyActiv technology authority all over the Japan Car of the Year awards, taking the top prize ahead of the Subaru BRZ / Toyota GT 86 . It is Mazda’s second victory in the last ten years, the 2005 MX-5 claiming the same trophy, and the fourth time the Hiroshima company has won. The award is decided by 60 local “automotive experts and journalists,” and open to any passenger car released in Japan from November 1, 2011 to October 31, 2012 that has sold more than 500 units. Each judge gets 25 votes, his or her top vote getting 10 points, the rest of the points being spread among the judge’s choice for the next best four cars. The second-place getters were the Toyobaru twins with 318 votes, the surprise being they didn’t beat or get any closer to the crossover. The Subaru BRZ did claw some mojo back, earning the Special Award given to cars that have made “an exceptional impact.” The BMW 3 Series was third overall and won the Import Car of the Year award with plenty of room between it and the second place Range Rover Evoque . The full list of winners is below , along with press releases from the organization and the manufacturers. Congratulations to Mazda on the win. Continue reading Mazda CX-5 named Japan’s Car of The Year, Subaru BR-Z wins “Special Award” Mazda CX-5 named Japan’s Car of The Year, Subaru BR-Z wins “Special Award” originally appeared on Autoblog on Mon, 03 Dec 2012 10:33:00 EST. Please see our terms for use of feeds .

Toyota CEO lists favorite cars from other automakers

Toyota CEO lists favorite cars from other automakers

May 22, 2012 by · Leave a Comment 

Filed under: Etc. , Honda , Mazda , Mitsubishi , Nissan , Toyota During a meeting of the Japan Automobile Manufacturers Association, Toyota president Akio Toyoda offered a ” Chapeau! ” to his fellow CEOs by listing his favorite cars from other makers. He listed just one vehicle from five makers represented on the board, in alphabetical order: the Honda NSX , Isuzu Bellett, Mazda Cosmo, Mitsubishi Pajero (our Montero ) and Nissan Skyline. Toyoda didn’t give his reasons for choosing these car beyond each being “memorable.” Even so, going through the list any car enthusiast knows the Honda ( Acura in the States) NSX needs no introduction nor explanation. The Mitsubishi Pajero is probably as well known for it’s off-road excellence as it is for its name change in Spanish-speaking lands due to the word “pajero” – all the more intriguing when it’s apparently named after an Argentine cat, Leopardus pajeros . And although the “Skyline” moniker was made famous overseas by the GT-R , the Nissan Skyline that Toyoda references has a long history and is our Infiniti G . The Mazda Cosmo (pictured) was an Italian-esque little coupe produced from 1967 to 1995, the first series production vehicle with a two-rotor rotary engine. The Isuzu Bellett was that firm’s in-house replacement for the English Hillmans it was rebranding, the first Japanese car to get GT badging (it would also get a GT-R version), and it would cover just about every segment with sedan, coupe, station wagon and pickup truck variants. Toyota CEO lists favorite cars from other automakers originally appeared on Autoblog on Mon, 21 May 2012 17:35:00 EST. Please see our terms for use of feeds .

70% of Japanese vehicles sold in America are built here, too

70% of Japanese vehicles sold in America are built here, too

January 6, 2012 by · Leave a Comment 

Filed under: Plants/Manufacturing , Honda , Nissan , Toyota A new study by the Japanese Automobile Manufacturers Association has found 70 percent of Japanese vehicles sold in the U.S. were built on a North American assembly line. According to TheDetroitBureau.com, the study found that more than 400,000 jobs have been created by Japanese automakers since Honda opened its first facility in the U.S. in 1982. Honda , Toyota and Nissan had a total of 29 plants operating in the U.S. in 2010 with a combined investment of $34 billion. Those numbers are likely to increase in the coming years. The Japanese Three have made no secret that the companies are looking to guard their operations against an ever-stronger yen. Odds are we’ll see even more Japanese facilities open their doors in Mexico, the U.S. and Canada.

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