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.

Toyota recalling 10k vehicles to fix wiper switches

October 12, 2013 by · Leave a Comment 

Filed under: Sedan , Recalls , Toyota Toyota has announced a voluntary recall covering approximately 10,000 cars in the United States. Affected models include the 2013-14 Camry and Camry Hybrid, 2013-14 Avalon and Avalon Hybrid, and the brand new 2014 Corolla . The problem, as Toyota explains it, is that, “During manufacture of the wiper switch assembly in the involved vehicles, certain contacts on the switch terminal could have been manufactured incorrectly.” This could lead to a short in the circuit when the wiper switch is moved between “off” and “mist,” and thus, cause the windshield wipers to stop working. Not good. Toyota will contact owners via first class mail, and the vehicles can be repaired at dealerships, free of charge. Have a look below for the automaker’s official statement. Continue reading Toyota recalling 10k vehicles to fix wiper switches Toyota recalling 10k vehicles to fix wiper switches originally appeared on Autoblog on Fri, 11 Oct 2013 18:15:00 EST. Please see our terms for use of feeds . Permalink

Watch lightning strike a hapless Toyota Landcruiser

Watch lightning strike a hapless Toyota Landcruiser

September 26, 2012 by · Leave a Comment 

Filed under: SUV , Videos , Toyota , Russia When we thought we’d make it to the end of the month before we saw another video from the roads of Russia, we were wrong. Just after the video of the truck driver dismounting from the windshield of his cab, we have of a bolt of lightning saying hello to a Toyota Landcruiser . It’s brief but spectacular, and sadly, nothing like what happened in Back to the Future follows. You can watch it happen in slo-mo in the dashcam video below . Continue reading Watch lightning strike a hapless Toyota Landcruiser Watch lightning strike a hapless Toyota Landcruiser originally appeared on Autoblog on Tue, 25 Sep 2012 19:59:00 EST. Please see our terms for use of feeds . Permalink

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