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Industry News

There Is Such A Thing As Too Much Choice

Nov 14 2014 11:15 AM | Industry News
Have you gone out and shopped for new vehicle recently? Are you overwhelmed by the variety of vehicles on offer? For example, if you decide to get a Porsche 911, you have the choice of 22 models. No, that isn't a misprint. Meanwhile other automakers have an array of models that carve out new niches and and mix existing body styles. Consider this, Audi sells 50 different variants around the world, a five-fold increase from the 90's when the German luxury automaker only sold 10 different variants. There has to be a point where automakers reach the point of too much and begin cutting back on their lineups, right?

PwC, a consulting firm tells Bloomberg that by 2018, some automakers will begin to level off their lineups. The reason...

Hyundai, Kia Get Hit With $350 Million In Federal Penalties

Nov 04 2014 03:25 PM | Industry News
Hyundai and Kia have been hit with the largest penalty in the history of the federal Clean Air Act. The two automakers agreed to a total of $350 million in penalties for overstating the fuel economy ratings for a number of vehicles from the 2011 to 2013 model year. The total was reached through cooperation between the Environmental Protection Agency, the Department of Justice, and the California Air Resources Board.

Here's how the $350 million breaks down:$100 Million Fine to the Federal GovernmentSurrender fuel economy credits valued at $200 MillionSpend $50 Million to upgrade its fuel economy testing procedures“Greenhouse gas emission laws protect the public from the dangers of climate change, and today’s action reinforces E...

One In Five Vehicles In The U.S. Has Been Hit With A Recall

Oct 20 2014 09:15 AM | Industry News
2014 will likely go down as the year of the recall in the automotive industry. General Motors is the champion with the most recalls so far with 70 recalls as of today, but other OEMs have been making their mark with their own recalls.

CNNMoney crunched the numbers on the recalls so far in 2014 and figured out that there has been a total of 544 recalls, about two a day. Those 544 recalls have affected 52 million vehicles in the U.S., or about 1 in 5 vehicles. While that figure is disturbing to say in the least, it's made worse as that number has eclipsed the previous record of 30.8 million vehicles back in 2004. With only a couple months left in the year, there's a good chance that we could see a doubling of the 30.8 million ve...

General Motors and Ram Fight For Their Share In The Truck Market

Oct 15 2014 12:50 PM | William Maley in Industry News

With Ford changing over to the next-generation F-150, General Motors and Chrysler see a rare opportunity to grab a bigger slice of the truck marketplace. "Without question you'll see GM and Ram will continue to play the incentive game to continue to b...

EPA Report Shows Average Fuel Economy Is Up

Oct 09 2014 01:45 PM | William Maley in Industry News

The Environmental Protection Agency released their annual report on industrywide fuel economy this week and says that 2013 model year vehicles achieved an average of 24.1 miles per gallon — up 0.5 mpg from the previous year and almost 5 mpg since 2004....

Prices Of Used Cars Begin to Fall

Oct 07 2014 01:55 PM | William Maley in Industry News

Since the recession has ended, the average price of a used car was soared due limited supply. But The Detroit News says with more vehicles coming in due to leases coming to an end, prices are beginning to fall. According to CNW Research, the average t...

Rumorpile: PSA Plans A Return To The U.S. With the DS Brand

Oct 06 2014 11:45 AM | William Maley in Industry News

Consider this: Citroen pulled out of the U.S. in the eighties, while Peugeot would leave in 1991. But according to Automotive News, PSA/Peugeot-Citroen could be making a return with their DS brand. “We want to make DS a global premium brand, and you c...