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Found 6 results

  1. Tesla isn't done with price cuts it seems. Bloomberg reports that the automaker has dropped the price of all Model 3 models by $1,100 - bringing the base price to $42,900. The reason cited by Tesla was the end of a customer referral program that ended up costing them more than they realize. The program gave new owners six months of free supercharging if they were referred by a friend. Those who referred a number of people got rewarded with various prizes such as getting the next-generation Tesla Roadster. This is the second price cut for Model 3 this year. Last month, Tesla instituted a $2,000 price cut on their lineup to soften the blow of the Federal Tax Credit being cut from $7,000 to $3,750. Source: Bloomberg
  2. Tesla isn't done with price cuts it seems. Bloomberg reports that the automaker has dropped the price of all Model 3 models by $1,100 - bringing the base price to $42,900. The reason cited by Tesla was the end of a customer referral program that ended up costing them more than they realize. The program gave new owners six months of free supercharging if they were referred by a friend. Those who referred a number of people got rewarded with various prizes such as getting the next-generation Tesla Roadster. This is the second price cut for Model 3 this year. Last month, Tesla instituted a $2,000 price cut on their lineup to soften the blow of the Federal Tax Credit being cut from $7,000 to $3,750. Source: Bloomberg View full article
  3. One day, a Chinese automaker will finally deliver on their promise of selling vehicles in the U.S. But what will bring customers into the showrooms? Yesterday, we reported on Geely positioning itself maker of affordable, high-tech cars with a new plug-in crossover - due out in 2017 in China, followed by Europe and U.S. Automotive News reports that another Chinese automaker who has dreams of coming to the U.S. is going low prices. Guangzhou Automobile Group Motor Company (GAC) is planning to be cheaper than its rivals in the U.S. How cheap? Wu Song, general manager of GAC says the 'magic number' is 30 percent cheaper. "We are confident. It could be popular in the market. Considering the low price, it should be competitive," said Song. If Song gets his way, GAC could put this price cut theory to the test sometime in 2017 when the company plans on launching the GS4 crossover - a compact crossover going up against the likes of the Toyota RAV4 and Honda CR-V. That is the plan at the moment. Currently, GAC is seeking dealers, importers, and distributors in the U.S. Song tells Automotive News that he is "90 percent confident" GAC will bring the GS4 to the U.S. But analysts don't fully buy into the price cut. James Chao, managing director for Asia Pacific at IHS Automotive says its difficult for any unknown brand to make it in the U.S. Chao also said 30 percent discount that Song wants to do for U.S. is less than 40 percent markdowns Chinese automakers do to compete with global brands. Source: Automotive News (Subscription Required)
  4. One day, a Chinese automaker will finally deliver on their promise of selling vehicles in the U.S. But what will bring customers into the showrooms? Yesterday, we reported on Geely positioning itself maker of affordable, high-tech cars with a new plug-in crossover - due out in 2017 in China, followed by Europe and U.S. Automotive News reports that another Chinese automaker who has dreams of coming to the U.S. is going low prices. Guangzhou Automobile Group Motor Company (GAC) is planning to be cheaper than its rivals in the U.S. How cheap? Wu Song, general manager of GAC says the 'magic number' is 30 percent cheaper. "We are confident. It could be popular in the market. Considering the low price, it should be competitive," said Song. If Song gets his way, GAC could put this price cut theory to the test sometime in 2017 when the company plans on launching the GS4 crossover - a compact crossover going up against the likes of the Toyota RAV4 and Honda CR-V. That is the plan at the moment. Currently, GAC is seeking dealers, importers, and distributors in the U.S. Song tells Automotive News that he is "90 percent confident" GAC will bring the GS4 to the U.S. But analysts don't fully buy into the price cut. James Chao, managing director for Asia Pacific at IHS Automotive says its difficult for any unknown brand to make it in the U.S. Chao also said 30 percent discount that Song wants to do for U.S. is less than 40 percent markdowns Chinese automakers do to compete with global brands. Source: Automotive News (Subscription Required) View full article
  5. Dodge has announced some changes to the Viper for 2015 which include a increase to 645 horsepower, a one mile per gallon improvement on the highway, and a new GT model which gets an adjustable suspension and five-mode stability control. But Dodge saved the best change for last. Announced today, all 2015 Vipers will see a price cut of $15,000. Here's how it looks, Viper SRT - Orignal Price: $99,885, 2015 Price: $84,885 Viper GT - $94,995 Viper T/A - Orignal Price: $115,885, 2015 Price: $100,985 Viper GTS - Orignal Price: $122,385, 2015 Price: $107,995 Prices don't include destination. Dodge says the price cut also extends to the 2014 models currently sitting on dealer lots. The hope is the price will help jump start Viper sales Now if you bought a current Viper before the price cut, you might be a bit peeved. But Dodge has you covered as well. The automaker announced that all fifth-gen owners will be given a certificate worth $15,000 towards the purchase of a new Viper. That will go on top of the current $15,000 cut. Dodge also announced that all of Dodge dealers will finally be allowed to sell the Viper. Production of the 2015 Viper is expected to begin in the forth quarter of this year. Source: Dodge William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 Dodge Embraces Viper's Roots and Revs Up Excitement, Delivering the Ultimate Hand-built American Exotic Supercar with a New Starting U.S. Manufacturer's Suggested Retail Price (MSRP) of $84,995 New for 2015, Dodge is reducing the Viper's starting U.S. Manufacturer's Suggested Retail Price (MSRP) by $15,000 to start at $84,995 Adjusting for inflation, the 2015 model year Viper is priced competitively to the first generation Viper, which launched in 1992, as calculated by Kelley Blue Book The Dodge Viper was first introduced in 1992 with a starting U.S. MSRP of $50,700. Adjusted for inflation, the equivalent in today's dollars would be $86,130 Current Gen 5 Viper owners to receive a certificate worth $15,000 to be redeemed toward the purchase of a new Dodge Viper. This $15,000 certificate is in addition to the $15,000 price reduction All existing 2014 model year dealer inventory will be reduced by $15,000, effective immediately 2015 Dodge Vipers will be sold throughout the entire Dodge dealer network New for 2015, the Viper's refined 8.4-liter V-10 engine and Tremec six-speed manual transmission delivers 645 horsepower and up to 20 miles per gallon on the highway Production of the 2015 model year Dodge Viper will begin at the Conner Avenue Assembly Plant in Detroit in the fourth quarter with vehicles arriving in dealer showrooms in the first quarter of 2015 September 8, 2014 , Auburn Hills, Mich. - Dodge is reconfirming its commitment to the future of the Viper and repositioning the iconic Detroit-built supercar for 2015, giving the snake more horsepower, improved fuel economy and a new starting price $15,000 less than the 2014 model it replaces. For 2015, the hand-built American exotic now delivers an increased 645 horsepower, gets up to 20 miles per gallon and is offered at a new starting U.S. Manufacturer's Suggested Retail Price (MSRP) of $84,995 (all prices exclude tax, title, license, destination and gas guzzler tax). Reaching back into its 100-year history, Dodge is using the formula that successfully launched the original 1992 Dodge Viper, but with even more power, refinement and craftsmanship. Adjusting for inflation, the 2015 model year Viper is priced competitively to the first generation Viper, as calculated by Kelley Blue Book. When Viper was first introduced, the U.S. MSRP was $50,700. Adjusted for inflation -- that equates to $86,130 in today's dollars. "The Gen 1 Viper had 400 horsepower. It didn't have air conditioning, anti-lock brakes, traction control or stability control. It didn't even have real windows. It was the purest, rawest and most visceral American performance car of its time," said Tim Kuniskis, President and CEO - Dodge and SRT Brands. "The Gen 5 Viper maintains the purity of the original car, with its seductive design, perfect weight balance and all-aluminum V10 with an additional 245 horsepower. But the rawness has been tamed with state-of-the-art five-mode ESC, two-mode suspension, ABS, traction control, launch control and a lightweight structure comprised of carbon fiber, magnesium and aluminum. Despite the Gen 5's massive leap forward in technology and performance, we're pulling its starting price back to the equivalent of the original Gen 1 car." Dodge is repositioning every Viper model with a lower starting price. In addition to the new starting price, all existing Gen 5 Viper owners will get a certificate worth $15,000 that can be redeemed toward the purchase of a new Dodge Viper. This $15,000 certificate is in addition to the $15,000 price reduction. Effective immediately, all existing 2014 model year Vipers in dealer inventory will also be re-invoiced and receive a new Monroney label that highlights the $15,000 price reduction. Dodge is also expanding Viper sales beyond the current SRT network of dealers. More than 2,300 Dodge dealers will be able to sell the 2015 Dodge Viper. "We have a saying at Dodge: 'If you know... you know,' and if you know Viper, you know this is big news," Kuniskis added, "and if you don't know Viper, it's time to check it out and see what makes owning and driving the iconic Viper so much more unique, exclusive and interesting than any other American performance vehicle." New 2015 Dodge Viper models and features For 2015 model year, Dodge is also introducing a number of product enhancements, new packages and new colors, including: SRT – new accent stitching on the seats and instrument panel, Alcantara accents on the doors and instrument panel and 'Viper' badged aluminum sill plates GT – new model with Nappa leather seats with Alcantara inserts, Alcantara accents on the doors and IP, 'Viper' badged aluminum sill plates, two-mode suspension, five-mode ESC, 'GTS' hood and two-piece StopTech slotted rotors GTS Ceramic Blue Special Edition with an exclusive Ceramic Blue exterior color and Black stripes TA 2.0 Special Edition with high-performance Aero Package High-impact Y'Orange, Stryker Orange and Stryker Purple exterior colors – arriving to dealers in early 2015 Production of 2015 model year Vipers will begin at the Conner Avenue Assembly Plant in Detroit in the second half of the fourth quarter of 2014. Vipers will start arriving in dealerships in the first quarter of 2015.
  6. Dodge has announced some changes to the Viper for 2015 which include a increase to 645 horsepower, a one mile per gallon improvement on the highway, and a new GT model which gets an adjustable suspension and five-mode stability control. But Dodge saved the best change for last. Announced today, all 2015 Vipers will see a price cut of $15,000. Here's how it looks, Viper SRT - Orignal Price: $99,885, 2015 Price: $84,885 Viper GT - $94,995 Viper T/A - Orignal Price: $115,885, 2015 Price: $100,985 Viper GTS - Orignal Price: $122,385, 2015 Price: $107,995 Prices don't include destination. Dodge says the price cut also extends to the 2014 models currently sitting on dealer lots. The hope is the price will help jump start Viper sales Now if you bought a current Viper before the price cut, you might be a bit peeved. But Dodge has you covered as well. The automaker announced that all fifth-gen owners will be given a certificate worth $15,000 towards the purchase of a new Viper. That will go on top of the current $15,000 cut. Dodge also announced that all of Dodge dealers will finally be allowed to sell the Viper. Production of the 2015 Viper is expected to begin in the forth quarter of this year. Source: Dodge William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 Dodge Embraces Viper's Roots and Revs Up Excitement, Delivering the Ultimate Hand-built American Exotic Supercar with a New Starting U.S. Manufacturer's Suggested Retail Price (MSRP) of $84,995 New for 2015, Dodge is reducing the Viper's starting U.S. Manufacturer's Suggested Retail Price (MSRP) by $15,000 to start at $84,995 Adjusting for inflation, the 2015 model year Viper is priced competitively to the first generation Viper, which launched in 1992, as calculated by Kelley Blue Book The Dodge Viper was first introduced in 1992 with a starting U.S. MSRP of $50,700. Adjusted for inflation, the equivalent in today's dollars would be $86,130 Current Gen 5 Viper owners to receive a certificate worth $15,000 to be redeemed toward the purchase of a new Dodge Viper. This $15,000 certificate is in addition to the $15,000 price reduction All existing 2014 model year dealer inventory will be reduced by $15,000, effective immediately 2015 Dodge Vipers will be sold throughout the entire Dodge dealer network New for 2015, the Viper's refined 8.4-liter V-10 engine and Tremec six-speed manual transmission delivers 645 horsepower and up to 20 miles per gallon on the highway Production of the 2015 model year Dodge Viper will begin at the Conner Avenue Assembly Plant in Detroit in the fourth quarter with vehicles arriving in dealer showrooms in the first quarter of 2015 September 8, 2014 , Auburn Hills, Mich. - Dodge is reconfirming its commitment to the future of the Viper and repositioning the iconic Detroit-built supercar for 2015, giving the snake more horsepower, improved fuel economy and a new starting price $15,000 less than the 2014 model it replaces. For 2015, the hand-built American exotic now delivers an increased 645 horsepower, gets up to 20 miles per gallon and is offered at a new starting U.S. Manufacturer's Suggested Retail Price (MSRP) of $84,995 (all prices exclude tax, title, license, destination and gas guzzler tax). Reaching back into its 100-year history, Dodge is using the formula that successfully launched the original 1992 Dodge Viper, but with even more power, refinement and craftsmanship. Adjusting for inflation, the 2015 model year Viper is priced competitively to the first generation Viper, as calculated by Kelley Blue Book. When Viper was first introduced, the U.S. MSRP was $50,700. Adjusted for inflation -- that equates to $86,130 in today's dollars. "The Gen 1 Viper had 400 horsepower. It didn't have air conditioning, anti-lock brakes, traction control or stability control. It didn't even have real windows. It was the purest, rawest and most visceral American performance car of its time," said Tim Kuniskis, President and CEO - Dodge and SRT Brands. "The Gen 5 Viper maintains the purity of the original car, with its seductive design, perfect weight balance and all-aluminum V10 with an additional 245 horsepower. But the rawness has been tamed with state-of-the-art five-mode ESC, two-mode suspension, ABS, traction control, launch control and a lightweight structure comprised of carbon fiber, magnesium and aluminum. Despite the Gen 5's massive leap forward in technology and performance, we're pulling its starting price back to the equivalent of the original Gen 1 car." Dodge is repositioning every Viper model with a lower starting price. In addition to the new starting price, all existing Gen 5 Viper owners will get a certificate worth $15,000 that can be redeemed toward the purchase of a new Dodge Viper. This $15,000 certificate is in addition to the $15,000 price reduction. Effective immediately, all existing 2014 model year Vipers in dealer inventory will also be re-invoiced and receive a new Monroney label that highlights the $15,000 price reduction. Dodge is also expanding Viper sales beyond the current SRT network of dealers. More than 2,300 Dodge dealers will be able to sell the 2015 Dodge Viper. "We have a saying at Dodge: 'If you know... you know,' and if you know Viper, you know this is big news," Kuniskis added, "and if you don't know Viper, it's time to check it out and see what makes owning and driving the iconic Viper so much more unique, exclusive and interesting than any other American performance vehicle." New 2015 Dodge Viper models and features For 2015 model year, Dodge is also introducing a number of product enhancements, new packages and new colors, including: SRT – new accent stitching on the seats and instrument panel, Alcantara accents on the doors and instrument panel and 'Viper' badged aluminum sill plates GT – new model with Nappa leather seats with Alcantara inserts, Alcantara accents on the doors and IP, 'Viper' badged aluminum sill plates, two-mode suspension, five-mode ESC, 'GTS' hood and two-piece StopTech slotted rotors GTS Ceramic Blue Special Edition with an exclusive Ceramic Blue exterior color and Black stripes TA 2.0 Special Edition with high-performance Aero Package High-impact Y'Orange, Stryker Orange and Stryker Purple exterior colors – arriving to dealers in early 2015 Production of 2015 model year Vipers will begin at the Conner Avenue Assembly Plant in Detroit in the second half of the fourth quarter of 2014. Vipers will start arriving in dealerships in the first quarter of 2015. View full article

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