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The Latest News And Reviews
Throughout The Car Industry

Categories: Reports

Gas Prices To Hit $5, Dealers Looking To Dump SUVs

On: Fri, Dec 31, 2010 at 3:33PM | By: Chris Weiss

Gas Prices To Hit $5, Dealers Looking To Dump SUVs test 1-1

We all know that SUVs are entirely impractical for much of the country. They're huge, inefficient, expensive to buy, more expensive to own, and not really that necessary for average driving. Yet people continue to buy them. According to Kelley Blue Book analyst Alec Gutierrez, SUV sales have dropped by only 1 percent since the spring of 2008—the last time that we experienced a major gas price hike.

One would think that with the high gas prices over the past few years, combined with a growing sense of collective, environmental responsibility, SUV sales would be tanking by the double digits by now. While that's not happening yet, new predictions that gas prices could soar as high as $5 per gallon within two years have consumers and dealers rethinking their SUV strategies.

Tesla Shares Fall After Trading Restriction Lifted

On: Fri, Dec 31, 2010 at 11:53AM | By: Sherry Christiansen

Tesla Shares Fall After Trading Restriction Lifted test 1-1

The electric car is trying desperately to make a comeback. In some small part, we can thank California-based Tesla Motors. They opened the first electric car manufacturing plant in California and have been rolling their “one at a time” hand-crafted electric roadster that boasts an impressive 0-60 mph in just 3.7. Who says electric cars can’t or don't have muscle?

The roadster has a shocking sticker price of $100,000. For many residents of 90210, it’s not that shocking and orders are backed up. Yet, all the positive reviews and company pride wasn’t enough to stop a tumble on recent release of held-back shares. The price took a 15% nose dive. Those in the know point to a six-month restriction, which prevented shareholders from dumping their stock on the market, as the reason for the slide. Once that restriction was lifted and the flood gates opened, the stock skidded. Once again, the laws of supply and demand were in full effect. Now folks are scratching their head, wondering if Tesla can actually compete with the big boys. It will all come down to the battery.

Lamborghini Working on a 50th-Anniversary Supercar

On: Fri, Dec 31, 2010 at 10:54AM | By: Chris Weiss

Lamborghini Working on a 50th-Anniversary Supercar test 1-1

Lamborghini has been very busy of late. Between getting its brand new flagship ready for primetime, retiring its former range-topping Murcielago, showing off its new direction with new concepts and new engines, and continuing to build its Gallardo line, the company has had its hands full. And this week, whispers of another upcoming project suggest that Lamborghini is even busier than we thought. The Bull's 50th anniversary is coming up in 2013, and it will reportedly release a special edition car in honor of itself. There's no official word as to what that car might be, but there are a few educated guesses.

Fords Quick Lane Shops Are Quickly Expanding

On: Fri, Dec 31, 2010 at 10:52AM | By: Sherry Christiansen

Fords Quick Lane Shops Are Quickly Expanding test 1-1

When you find an auto mechanic that you can depend on, you’ll stick with him through every car purchase you make. In the world of dependable auto mechanics, the Ford Motor Company has come on like gangbusters with their nationwide network of Quick Lane quick-service shops. A look at the numbers for 2010 reveals that Quick Lane’s revenue jumped a whopping 25%. Knowing a good thing when they’ve got one, Ford intends to build on the success of Quick Lane by ramping up the store count and giving older Quick Lane shops a complete make-over.


Dealer Cash Propels End of Year Luxury Sales

On: Thu, Dec 30, 2010 at 4:39PM | By: Sherry Christiansen

Dealer Cash Propels End of Year Luxury Sales test 1-1

As 2010 comes to an end, luxury automakers such as Lexus, Mercedez-Benz, and BMW are involved in an unofficial race to sell the most vehicles. Automakers are providing large incentives to move as many vehicles as possible in the last days of the year. Although Lexus has been on top for the past decade, this month is different. BMW and Mercedes are running neck and neck for first place.

This month all three major luxury automakers are offering dealer cash and low interest financing, in addition to some great leasing options.

Chrysler Financials Seeks New Partnerships

On: Thu, Dec 30, 2010 at 4:36PM | By: Sherry Christiansen

Chrysler Financials Seeks New Partnerships test 1-1

Before any car owners can drive off the lot with their brand new model they will have to contend with three separate entities who want nothing more than to see that car sold. Those entities are the automaker, the automobile dealership, and the auto loan financial company. None of those three auto businesses could exist without the other. And when one link in that chain breaks down, everyone takes the hit. This is what happened when the Chrysler Group filed for Chapter 11 bankruptcy protection last year.

Video Crack: Codemaster's Formula1 2010

On: Thu, Dec 30, 2010 at 1:01PM | By: John Welch

Video Crack: Codemaster's Formula1 2010 test 1-1

My Christmas was, how shall I put this, uhm, interesting. Time was spent with family and friends, but it was a very small amount of visiting when viewed next to my other Yule-tide preoccupations. Namely: mouth surgery and Formula1 2010. The former began on Friday, the 24th, with a follow-up wisdom tooth removal on Monday, the 26th. I have never had so much surgery at once and am understandably incoherent because of it. That being said, this review may be clouded by my love of top-tier motorsport and my drooling, mostly invalid condition.

Christmas came between the multiple trips to the dentist's chair, and with it came the best present of the season. Not socks, (though i did get some awesome socks) not jackets or candy or Legos or a new bike; not even the all-conquering Gran Turismo 5. No, I received Codemaster's Formula1 2010, originally released way back in September, and it has replaced every other racing game, or game, period, in my tiny mind. This is F1-Dork Nirvana.

Consumer Confidence Falls In December

On: Thu, Dec 30, 2010 at 11:19AM | By: Sherry Christiansen

Consumer Confidence Falls In December  test 1-1

On any given day, somewhere in America, there are a bunch of bean counters in a cubicle pouring over data from all different sources. When they hit enter on their Excel spreadsheets, they come up with a whole new batch of numbers which they can’t wait to share with everyone else.

Their proclamations about things, such as consumer confidence, retail sales, and home values, have a ripple effect through our economy. A bad report from this bunch could send stock prices tumbling. When that happens, investors tighten their belts and spend less. Spending less means less demand for products which means less need for making stuff. With no stuff to make, folks lose their jobs. All of that from a couple of number forecasts. Of course, it works the other way as well. A fact US automakers are all too aware of.

Chevy Releases New Video Explaining The EPA's Volt Rating

On: Wed, Dec 29, 2010 at 5:54PM | By: Chris Weiss

Chevy Releases New Video Explaining The EPA's Volt Rating test 1-1

For well over a year, the world waited to see how the EPA would classify mileage ratings for new plug-in vehicles like the Chevy Volt and Nissan Leaf. In one ear, we had company officials showing off overblown numbers like 230 mpg and 367 mpg. And in the other ear, we had those folks that know a little better reminding us that electric vehicles don't really get any miles to the gallon per se. Because there are no gallons in an EV. Meanwhile, the EPA basically told us to wait until it could formulate a proper measurement for plug-in vehicles with electric-only capabilities.

Last month the EPA answered the toll with a rating that it calls "MPG equivalent (MPGe)," a measurement that takes both all-electric and gasoline driving into account. Seeing as how this figure is a little different than the standard "mpg" rating you've come to know and love, GM has taken the opportunity to detail the EPA's new rating system in a video about the Volt.

Porsche Confirms New-Car Debut For Detroit

On: Wed, Dec 29, 2010 at 5:52PM | By: Chris Weiss

Porsche Confirms New-Car Debut For Detroit  test 1-1

Earlier this month, reports indicated that Porsche would be debuting an all-new model for the 2011 North American International Auto Show. This week, Porsche has provided our hungover, post-holiday minds with an official confirmation that it will indeed be using Detroit for a world debut.

Paris To Give SUVs Le Boot

On: Wed, Dec 29, 2010 at 5:10PM | By: Chris Weiss

Paris To Give SUVs Le Boot  test 1-1

Ever imagine a city highway/byway system free of large, overconfident, CO2-puking hunks of steel and fiberglass known as SUVs? Of course, we all have; it's only natural. Sure SUVs have their place on certain types of drives, but for too many years they've become the default vehicle of choice for soccer moms and Stepford wives.

Well, if you happen to be living in or visiting Paris, you may not have to fantasize any longer. The city plans to test restrictions on gas guzzling vehicles in the heart of downtown. Pretty soon, the Parisian architecture and skyline will no longer be obstructed by boxy, annoying refrigerators on wheels.