JLR – Page 1008 – I wish I had more to offer

Ford to cut thousands of European jobs in savings drive

US carmaker’s $14bn global savings strategy comes as JLR plans job losses at its UK operations Go to Source

JAGUAR LAND ROVER REPORTS DECEMBER 2018 AND YEAR END SALES

× {{dictionary[‘Added to your cart’]}} × {{dictionary[‘CART WARNING’]}} {{dictionary[‘Sorry, your cart is currently full. Please remove ‘]}} × {{dictionary[‘Cookie message and title’]}} × Pagination Warning! Sorry, Please add a number less than maximum pages {{dictionary[‘User Licence – pop up text’]}} You have been detected as being located in: {{userLang}} A media site housing news, photo… Continue reading JAGUAR LAND ROVER REPORTS DECEMBER 2018 AND YEAR END SALES

Jaguar Land Rover to make ‘substantial’ job cuts after China, diesel slump- source

Workers set up the booth for British car manufacturer Jaguar Land Rover’s Jaguar brand inside the National Exhibition and Convention Center, the venue for the upcoming China International Import Expo (CIIE), in Shanghai, China October 28, 2018. Picture taken October 28, 2018. China Daily via REUTERS LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover… Continue reading Jaguar Land Rover to make ‘substantial’ job cuts after China, diesel slump- source

China car sales see first drop for 20 years

Car sales in China, the world’s biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA). The deceleration comes amid a slowdown in China’s economy which has hit performance at car manufacturers around the world. The… Continue reading China car sales see first drop for 20 years

Adrian Hallmark: new Bentley CEO talks future products, electric cars and profitability – AutoExpress

Adrian Hallmark’s Twitter biog simply proclaims ‘Bentley Boy Again’. Following a stint as sales and marketing boss at Bentley from 2003, he left for Volkswagen in the US and then the Far East. After a short spell at Saab he joined Jaguar Land Rover before returning to Crewe in February as Chairman and CEO. “I’m… Continue reading Adrian Hallmark: new Bentley CEO talks future products, electric cars and profitability – AutoExpress

Top Automotive Industry News for Week of December 24 – December 30, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week of December 24, 2018 – December 30,
2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-AEA Membership News-

The next AEA Members Reception will be held on Thursday January 24th,
2019 in San Francio. Invitations have been sent to all current AEA
Members. Annual AEA Member Dues renewal will occur on January 2 nd, 2019. If you have any questions, please contact
memberservices@automotiveexecutives.com

-Automotive Manufacturing News–Automotive Manufacturing News-

All the cars discontinued after 2018

(autoblog)

GM's mysterious filing could foreshadow future product that saves jobs

(Detroit Free Press)

GM's year of transformation: More robot cars, fewer traditional jobs

(Detroit Free Press)

Marchionne's death, Jeep Gladiator highlighted change at Fiat Chrysler

(Detroit Free Press)

New Land Rover Defender Coming to US in 2020

(The Detroit Bureau)

No car keys? No problem. Hyundai rolls out fingerprint technology that
makes keys as outdated as a landline

(CNBC)

Tesla expands employee testing of its upgraded Autopilot hardware

(autoblog)

Tesla Names Two New Board Members, Larry Ellison And Kathleen
Wilson-Thompson

(Forbes)

Which Cars Are You Most Excited to See in 2019?

(Car & Driver)

-Automotive Evolution News-

CES Is Apparently Going To Be Everything To Everyone When It Comes To
Mobility

(Forbes)

Daimler Delivers E-Truck to Penske for Testing

(The Detroit Bureau)

Volkswagen Testing New Portable EV Charging Stations

(The Detroit Bureau)

-Automotive Retail News-

5 Ways Auto Finance Will Change in 2019

(Auto Dealer Today)

Auto Sellers Try Out Amazon-Style Ordering

(MSN)

How electric cars are slowly moving from niche to something ‘people
want to buy’

(CNBC)

New-Vehicle Retail Sales Seen Dipping in December

(Auto Finance News)

Photo Finish For December Auto Sales Could Mean A Slight Gain For All
Of 2018

(Forbes)

Tesla Scrambles to Sell Cars Before a Tax Break Fades

(NY Times)

Will dealerships survive the future?

(Automotive News)

Year-End Turmoil Puts New Car Sales to the Test

(The Detroit Bureau)

-Automotive Wholesale News-

Used EV prices are finally heating up — a little

(Automotive News)

-Automotive Enthusiast News-

New owners and new venues for auction companies

(ClassicCars.com)

-General Business & Executive News-

A year of living badly

(Automotive News)

Analyst adds Ferrari, Penske to list of top auto stocks for 2019

(CNBC)

Automotive Minute: Disney’s Mary Poppins partnership is making magic
for Nissan

(BizJournals)

CarGurus Launches New Brand Campaign for 2019

(PR Newswire)

Five Ways 2018 Rewrote The Future of Transportation

(Forbes)

The 10 biggest auto stories of 2018

(autoblog)

The Year in Review: Automotive Winners and Losers

(Car & Driver)

Top auto stories from 2018 – and 3 to watch in ’19

(Detroit Free Press)

-AEA Reminder-

Did we miss something? Let us know via our

. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your

PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com

Volkswagen CEO: More car companies will merge – CNN

VW unveils better, cheaper electric car Get ready for more mega mergers in the automotive industry. General Motors (GM) dumped its European business on Monday — selling its Opel and Vauxhall brands to France’s PSA Group, which makes Peugeot (PUGOY) and Citroen cars. Volkswagen (VLKAY), the world’s biggest carmaker, says that won’t be the last… Continue reading Volkswagen CEO: More car companies will merge – CNN

Ratcliffe’s Ineos still to decide on plant location for new 4×4

LONDON, Jan 8 (Reuters) – Billionaire Jim Ratcliffe’s petrochemicals firm Ineos has yet to decide where it will build its first off-road vehicle after media reports suggested last year that it could make the car in Wales. Jaguar Land Rover (JLR) stopped making its classic Defender 4×4, known the world over and with famous owners… Continue reading Ratcliffe’s Ineos still to decide on plant location for new 4×4

Sachs Torque Converter for 6 HP Transmissions is Newest Addition to ZF Product Portfolio

In addition to its extensive portfolio for Mercedes Benz vehicles, ZF is now offering its established Sachs torque converters for 6HP transmissions for vehicles produced by Audi, Aston Martin, BMW, Jaguar, Land Rover, Porsche, Skoda and the VW Group. “Our torque converters,” says Richard Adgey, head of Product Management at ZF Aftermarket, “are the ideal… Continue reading Sachs Torque Converter for 6 HP Transmissions is Newest Addition to ZF Product Portfolio

Tesla Model S Resale Values = Best In Class

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Published on January 6th, 2019 |

by Guest Contributor

Tesla Model S Resale Values = Best In Class

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January 6th, 2019 by Guest Contributor

Originally published on EVANNEX.
By Charles Morris

It’s always fun to talk about Elon Musk’s tweets and tokes, but when it comes to predicting Tesla’s long-term financial prospects, savvy observers understand that the two metrics that matter are the demand for the company’s products and the margin of profit it earns on each unit. So, if TSLA stock slips in response to an unguarded comment by the Iron Man, consider it a buying opportunity. If you see evidence that demand for Teslas is flagging, then you can start to worry.

Tesla Model S (Image via Tesla)

One way to gauge the level of demand for an automaker’s vehicles is to examine how their value holds up in the used market. Generally speaking, vehicles that are more in demand depreciate less. So it’s encouraging to read a recent report from venture capital firm Loup Ventures, which found that the depreciation of Tesla’s Model S compares quite favorably with that of other vehicles in its class.

Based on a mathematical analysis of data on used car sales, Loup Ventures concluded that, after 50,000 miles, a typical Model S will have lost around 28% of its original value, whereas competing models in the luxury sedan class will have lost an average of 38%. Even when variables such as model year, miles driven and initial sale price were taken into account, Loup found that a Model S could be expected to retain 7% more value than its competitors.

Two things to keep in mind: higher-priced cars usually show worse depreciation than budget models; and plug-in cars in general exhibit worse depreciation than comparable gas-powered models (among other things, plug-in vehicles tend to be improved every year, and only new vehicles are eligible for federal and state incentives). Of the plug-in vehicles on the US market, Teslas show by far the least depreciation, holding their value better than the Chevy Volt, BMW i3, or Nissan LEAF.

The Loup Ventures team started by looking at an Autolist survey, which included 1.6 million data points gathered between January 2012 and August 2016. Autolist found the following amounts of depreciation after 50,000 miles:

Tesla Model S: 28%
Lexus LS 460: ~32%
Mercedes S-class: ~36%
Porsche Panamera: ~37%
BMW 7 Series: 40%
Audi A8: 40+%
Jaguar XJ: 41%

However, the researchers weren’t entirely satisfied with these numbers — during the years covered by Autolist’s survey, the supply of Teslas was limited, which could have artificially kept resale prices high. Therefore, the Loup team decided to conduct their own survey based on today’s prices.

The team examined the same auto models that were included in the Autolist survey, scraping listings of certified pre-owned cars from manufacturers’ websites. Next, they built a regression model to predict the percentage by which each car had depreciated based on model year, miles driven and MSRP. They also included a categorical variable designed to account for any inherent difference between Tesla and its competitors.

The article includes all the details of the team’s analysis, which the statistically inclined may wish to read. The researchers concede that their study wasn’t perfect – they could have used more data on non-Tesla vehicles, and the bewildering array of options available made it impossible to calculate the precise MSRP of some models. However, they believe that their conclusion that Model S depreciates at a rate 7% lower than that of competitors in its class is sound.

A look at an older Tesla Model S. (Image via Tesla Shuttle and CleanTechnica)

Be the numbers what they may, there’s plenty of anecdotal evidence that Tesla’s vehicles hold their resale value well — comments on the subject by frustrated would-be owners aren’t hard to find. But after all, these cars often seem to have minds of their own, so it shouldn’t be surprising that they stubbornly refuse to lose their value as quickly as most other luxury vehicles do. That may be bad news for car buyers with moderate budgets, but it’s a good sign for the future of the company.

About the Author

Guest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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