TMC Announces Results for November 2018

Dec. 26, 2018 Toyota City, Japan, December 26, 2018―Toyota Motor Corporation (TMC) announces its production, domestic sales, and export results for November 2018, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. November 2018 Results Unit = vehicles; figures in ( ) show year-on-year percentage change   Toyota Daihatsu Hino Total Production… Continue reading TMC Announces Results for November 2018

BMW tries to revive lagging 3 Series sales with new 2019 design that’s more, well, BMW-like

BMW refreshes its Series 3 sedan
4:45 PM ET Fri, 14 Dec 2018 | 01:05

BMW likes to boast that it builds “the ultimate driving machine,” and if any individual model has deserved that reputation, it's the 3 Series sedan.

While BMW produces a broad range of vehicles — traditional sedans, sports cars, wagons and a growing list of sport utility vehicles — no vehicle is more closely identified with the carmaker than its 3 Series.

The Bavarian automaker has sold about 4.5 million of the sedans since the 3 Series' introduction in 1975, making it the best-selling luxury nameplate in automotive history. But it has lost momentum in recent years, something BMW hopes to remedy with the launch next year of its next generation 3 Series — its seventh iteration.

The outgoing model, introduced in 2011, took a number of hits for losing its traditionally unique mix of performance, handling and luxury.

Initial reviews of the 2019 model have been overwhelmingly positive, with a headline in the influential Automobile magazine declaring the 2019 sedan “a Proper 3 Series Again.”

Source: Paul Eisenstein
2019 BMW 330i

Perhaps, but the seventh-generation sedan faces a level of uncertainty not seen since the original model, internally code-named the E21, debuted in 1975. That includes not only a wave of new competitors, but other offerings found right within the BMW showroom that reflect the dramatic market shift from sedans to sport utility vehicles.

“The 3 Series is truly the heart and soul of BMW,” said Thomas Baumer, project head for the 2019 3 Series, adding that “it is truly critical” that the new 2019 model regain momentum lost by the sixth-generation sedan.

As recently as 2013, BMW set a U.S. sales record. American buyers drove off in 93,544 3 Series models. But volumes have steadily declined, dipping to just 53,470 in 2017. And the downward trend has continued this year — 3 Series sales for the first 11 months of 2018 were off by 23 percent.

There are a number of reasons why BMW may have lost momentum. The Automobile review noted that the traditionally crisp characteristics of the 3 Series became “muddled” with the outgoing model, adding, “More than a few pundits and purists have found the traditional joys of the 3 Series less present in recent years.”

Source: BMW
The current model, a 2018 BMW Series 3, is being redesigned.

If that alone was the problem, the new model might be able to stage a rapid recovery. CNBC was also able to test the new 3 Series during a media drive in Portugal's Algarve region this month and found its handling precise, steering crisp and, with as much as 62 more horsepower, depending upon the model, capable of giving a motorist neck-snappingly quick acceleration.

But that's by no means the only challenge for the gen-7 sedan.

“The BMW 3 Series has been the icon in its class, and when you're the icon, everyone is gunning for you,” said John McElroy, a veteran automotive analyst and host of the industry broadcast AutoLine.tv.

In years past, most competitors aimed to carve out their own niche. With its own compact sedan, the Audi A4 was focused on design, Mercedes-Benz aiming for Teutonic plushness with the C-Class. But the lines have been blurring, and those German rivals have sharply upped their own performance game, reviewers are quick to point out. So have Japanese rivals like Nissan's Infiniti and Toyota's high-line Lexus, the Japanese giant's CEO Akio Toyoda declaring the need to put more “passion” into its products.

Source: Paul Eisenstein
2019 BMW 330i

An equally serious challenge is being posed by new entrants, such as Genesis, the luxury brand recently spun off by Korea's Hyundai. Its first entry into the compact sports sedan segment has generated intense buzz, the G70 winning the coveted Motor Trend magazine Car of the Year award.

By hiring away former BMW executives including Albert Biermann, now its R&D chief, as well as executives from Bentley, Bugatti, Mercedes and Lamborghini, Hyundai's luxury brand has been able to “build a legitimate 3 Series competitor,” Motor Trend declared in awarding the G70 its trophy.

The reality is that Genesis G70 sales have been marginal so far, but there's an even bigger threat coming from California now that Tesla appears to have finally resolved the “production hell” problems at its battery and assembly plants. The all-electric Model 3 has also taken aim at BMW's “heart and soul” and is rapidly leaving the 3 Series in the dust, at least from a sales perspective. It delivered around 18,000 of the compact sport sedans last month, according to industry estimates, compared with 3,218 3 Series.

The BMW numbers may be a bit misleading, as demand typically dips ahead of the launch of a new model. Sales for the 3 Series fell 47.9 percent year over year in November. But even using year-earlier figures, the Model 3 would have outsold the 3 Series by nearly 3 to 1.

There's an even bigger challenge, said analyst McElroy. “People are drifting away from sedans to SUVs and CUVs, so the biggest competitor may be the product on the other side of the BMW showroom.”

Indeed, in sharp contrast to the declining demand for the 3 Series, BMW's compact crossover utility vehicle, the X3, posted a 77 percent year-over-year sales jump last month, while year-to-date demand is up 45.1 percent.

And it's not just the 3 Series that has seen sales upended. BMW passenger car sales, on the hole, were down 2.5 percent in the U.S. through the end of November. The brand's crossover lineup — or sport activity vehicles, as it prefers to call them — rose 10.8 percent year over year.

BMW officials contend that their goal isn't to make the 3 Series the best-selling compact sport sedan in the industry, just the one that sets the benchmark for performance and handling. It may not be number one, but it's the model that continues to define the brand, whatever model you're talking about, sedan, coupe, wagon, sports car or sport utility vehicle.

And from the standpoint of the initial reviews, that's where the new 2019 BMW 3-Series is truly delivering.

Source: Paul Eisenstein
2019 BMW 330i

WATCH:
How automakers sell a $71,000 version of a $27,000 car

How automakers sell a $71,000 version of a $27,000 car
10:40 AM ET Thu, 28 June 2018 | 02:46

Ranger redux: Ford hopes to claw its way back into exploding midsize truck market

Meghan Reeder | CNBC
2019 Ford Ranger pickup

The windshield wipers slap furiously as the pickup splashes its way through the deep mud bog, the last in a series of obstacles along an off-road trail rough enough to shake loose a few fillings.

It's not the sort of route most drivers will experience in a lifetime, but pickup owners expect their trucks to be ready to handle that sort of situation on a regular basis.

So, when Ford decided to give some automotive journalists a chance to drive the all-new Ranger pickup this month, it took them up into the mountains east of San Diego where they could put the truck through what can best be described as a torture test.

Ford's full-size F-Series pickups make up the best-selling product line in the U.S. automotive market, but the automaker has been notably absent from the midsize truck segment since killing off the old version of its Ranger back in 2012, shuttering the archaic Twin Cities Assembly Plant in Minnesota. It's a decision the automaker soon came to regret.

Rule the road

Through the 1980s, small trucks ruled the road. For then-young baby boomers, they were a cheap way to get a new set of wheels. But over the last two decades, the market has shifted to full-size models like the Ford F-150 and rival Chevrolet Silverado. With demand for midsize products spiraling downward, Ford and its Detroit rivals all pulled the plug, leaving just two imports, the Toyota Tacoma and Nissan Frontier, to fight it out for the remaining scraps. Ford, in particular, was betting it could get old Ranger buyers to cough up a bit more cash for the bigger — and markedly more profitable — F-150.

But things didn't work out quite as planned. For one thing, Ford didn't count on General Motors to get back in the game, in 2015 reviving its Chevrolet Colorado and GMC Canyon pickups. What seemed like a risky bet quickly began to pay off. Not only did sales of the sibling trucks take off, but they gave momentum to the midsize market as a whole, sales of the Tacoma and Frontier also improving. Two years later, Honda returned to the segment with a complete remake of its Ridgeline model.

Ford
The interior of the 2019 Ford Ranger

The irony is that Ford actually had a new midsize pickup, an all-new Ranger that it was producing in plants all over the world and selling just about everywhere but the U.S. The automaker was so sure there wouldn't be a market, it didn't even bother to engineer it to meet U.S. regulations — a process known as homologation — or make it robust enough for the unique demands of American buyers.

By 2016, it was obvious to Ford planners and senior executives that they were missing a huge opportunity, made all the more obvious by the explosive growth in light trucks, in general. Pickups, vans and utility vehicles now account for about 2 out of every 3 new vehicles sold in the States.

$100 million

Ford engineers had a good place to start with the new Ranger, but they couldn't just bring over the global model. It needed some major revisions to boost its cargo and towing capacity, as well as to let it handle serious off-road driving conditions.

The automaker won't discuss what the project cost but analysts like Joe Phillippi of AutoTrends Consulting estimate it ran well over $100 million — not including the price tag for tooling up a factory in the Detroit suburbs to build the U.S. Ranger. That was likely millions more than what it might have cost had Ford designed in the needs of the U.S. marketplace in the first place.

“We can't go back and change the past,” Joe Hinrichs, Ford's president of the Americas, said at an event marking the start of Ranger production at the Wayne, Michigan, truck plant six weeks ago. Looking forward, Hinrichs said, the midsize market should grow fast enough to make room for Ford's return.

Ford
2019 Ford Ranger

Since GM launched the revived Colorado and Canyon models, the midsize pickup segment has grown sharply, even as the overall U.S. market has struggled. In 2017, sales rose to 452,336, up from 448,398 the previous year. And with more new product, the forecast is for even faster growth. At the Wayne plant ceremony, Hinrichs told reporters that he expects the market will quickly reach 500,000, with “plenty of room for everybody.”

Crowded market

Not everyone is convinced Ford will have an easy go of it, however. Phillippi pointed out that “the market is going to get crowded.” At this month's Los Angeles Auto Show, Fiat Chrysler officially got back in the game by revealing the long-awaited Jeep Gladiator. It marks the first time that brand has had a pickup in nearly two decades.

The good news for Ford is that initial reviews of the Ranger have been solid. Autoblog declared that “it stands on its own and above the rest.” CNBC's own test found the Ranger to be solid and capable, with the ability to haul as much as 1,800 pounds of cargo and tow a 7,500-pound trailer.

Mike Blake | Reuters
The 2020 Jeep Gladiator is introduced during a Jeep press conference at the Los Angeles Auto Show in Los Angeles, California, November 28, 2018.

While that's well short of what some full-size models like the F-150 or the Chevy Silverado can handle, experts say that is more than enough for the typical truck buyer. Indeed, midsize models are nearly as large as — and boast nearly the same capabilities as — the full-size trucks of the 1980s thanks to the way the auto industry regularly upsizes its products with each new generation.

“These (midsize) trucks will do virtually everything a suburban cowboy needs,” said Phillippi. Add the ability to do some things that those full-size trucks can't, like park in the typical suburban garage.

MSRP gap

Then there's the matter of price. The aging Nissan Frontier starts at just $18,990, barely half the cost of the typical new vehicle sold in the U.S. this year. The 2019 Ford Ranger will carry a base MSRP of $24,300. While a stripped-down F-Series starts just over $28,000, the gap between midsize and full-size models, as buyers typically equip them, pushes quickly above $10,000.

Source: Nissan
The 2016 Nissan Frontier S King Cab Pickup.

Prospects for the midsize market seem solid enough that there could be still more entries. The five-year plan outlined last June by the late Sergio Marchionne, Fiat Chrysler's former CEO, called for the Dodge division to return to the segment after abandoning its own midsize truck, the Dakota, earlier in the decade.

Volkswagen might even get in the game. The German maker has its own pickup, the Amarok, which it sells primarily in Latin American and Europe. Last June, VW signed a memorandum of understanding with Ford that initially focused on joint efforts in the commercial vehicle segment. But company insiders confirm that the two potential partners are now looking at a variety of opportunities. That could even include a VW version of the Ranger, according to some sources.

Indian pickups

Then there's Mahindra & Mahindra. A decade ago, the Indian automaker attempted to launch a U.S. dealer network to market an SUV and a pickup. That effort collapsed during the Great Recession. But Mahindra recently launched production of a small off-road vehicle, the Roxor, at a plant in Auburn Hills, Michigan. And more could come, Group Chairman Anand Mahindra told reporters at the opening of the factory a year ago.

“I think a very logical step after that would be to get on-road,” he hinted. While a street-legal Roxor appears to be in the works, a version of one of Mahindra's Indian pickups could also follow.

Hyundai, meanwhile, is working on a slightly smaller truck based on the Santa Cruz concept that won rave reviews when introduced at the North American International Auto Show a few years back. A production version could be ready sometime in 2020 or 2021, according to the Korean carmaker.

Much as with SUVs, automakers are wondering whether there might be a market for still smaller pickups, more akin to the compact models that won the hearts of then-young boomers. Ford has dropped hints it may have something to slot in below the Ranger. How the midsize segment fares over the next several years could determine whether pickup buyers will get even more options.

CORRECTION: The article was updated to reflect that the Ranger will be reintroduced in 2019.

Paul Eisenstein
is a freelancer for CNBC. His travel and accommodations for this article were paid by Ford.

These are the most disappointing cars we drove in 2018

These are the most disappointing cars we drove in 2018

Mack Hogan | CNBC

Mack Hogan | @macklinhogan

1 Hour Ago

With such steep competition, it's rare that automakers have truly haphazard entries in any segment. Still, some cars totally miss the mark on value.
Sure, the worst cars on sale today are still more livable and safe than cars from 20 years ago, but prices keep creeping higher. So for me, the biggest disappointments are all cars that have price tags divorced from the reality of the market.
With interest rates rising and shoppers looking for better deals, there are a few cars this year that we think most people should skip entirely.
Here they are, in alphabetical order.

Ford EcoSport

Price as tested: $28,235
Ford needed an entry in the subcompact crossover space, so it's easy to see why they brought over a years-old design from abroad. And to its credit, the EcoSport is decent inside and fun to toss around. Had it come in at a reasonable price, it could be a hit. But, with Ford axing most of its cars, the EcoSport is simply too expensive to be the starting point of the Ford lineup.

Adam Jeffery | CNBC

GMC Terrain

Price as tested: $40,550
At $40,550, our GMC Terrain tester was far more expensive than range-topping versions of its competitors. Yet, the fully-kitted Terrain costs as much as $10,000 more than competitors, offering few advantages besides an available rear-seat-entertainment system. There's nothing else to justify a 30 percent premium over compelling options from Honda, Mazda and Nissan. Buy something else and tape a pair of iPads to the headrests, because there's no way I would recommend the Terrain.

Mack Hogan | CNBC

Infiniti QX60

Price as tested: $65,930
My full review of the QX60 hasn't published yet, but it's safe to say I wasn't impressed. Some quilted leather and a good coat of paint can't hide the fact that the QX60 has pedestrian roots and an infotainment system out of 2012. The word “bumbling” was created to describe the QX60, with the mega monster feeling more unwieldy and less refined than some mainstream crossovers. It'd be a midpack finisher in the mainstream three-row crossover world, but against other $65,000 family haulers it makes no sense.

Infiniti

Toyota Yaris

Price as tested: $19,335
Let's be clear about three things. One, I love a cheap and cheerful car. Two, Toyota makes some good cheap cars. Three, the Yaris is not one of them. Sure, $19,335 doesn't sound like a lot of money, but the value proposition is nonexistent. The Yaris has a bad interior that doesn't make even a passing attempt to disguise its cheapness, while the powertrain is loud and clattery. In all forms, it feels like a car from a decade ago.
The most damning part of it all is the competition. Not from other automakers, but from Toyota itself. Between the Yaris iA (a completely different car despite the similar name), the Corolla iM and the Corolla, Toyota offers three better cars that start at under $19,335.
Instead of the cars on this list, consider buying one of the best I tested in 2018.

Mack Hogan | CNBC

more from Tech

Ford’s Ranger rides again. But will it win in a crowded truck market?

Ford
2019 Ford Ranger

Just weeks before Ford rolls out its new Ranger pickup, the automaker finds itself in a strange position: playing catch up on trucks.

After eight years of ignoring the midsize truck market while Toyota and General Motors racked up strong sales, Ford believes it's not too late for the new Ranger to make a splash.

“Ford is a huge truck seller,” said Karl Brauer, executive publisher of Cox Automotive. “They have built up a huge loyal truck buyer audience, and this group will look at the Ranger as another great Ford pickup truck.”

With pickup buyers wanting trucks that have greater capability and more technology, Ford has packed the Ranger with plenty of features, including a 10-speed transmission and towing capacity of 7,500 pounds. Both will be tops in the midsize category. And with a base model starting at just over $25,000, Ford believes the Ranger will have no problem attracting customers.

Ford's fight to remain an American auto icon
6:01 PM ET Thu, 6 Dec 2018 | 08:36

“We expect the buyers to come from new customers who want an open bed and a truck small enough to garage, but who also want to get out on the weekend,” said Brian Bell, marketing manager for Ford.

There's no doubt Americans have rediscovered smaller pickups. A decade ago Toyota's Tacoma defined the midsize truck category as Ford, GM and Fiat Chrysler's Ram focused on building bigger, more capable and more expensive full-size pickups. In 2011, with the country recovering from a recession and auto sales still lagging, Ford dropped the Ranger and said it would concentrate on its top-selling F-Series lineup of trucks. At the time, few argued with Ford's strategy.

A few years later, General Motors made a bigger push for midsize trucks with all-new versions of the Chevrolet Colorado and GMC Canyon, two models that hit showrooms just as Americans started buying more SUV's and trucks.

The timing was fortuitous. Since 2013, midsize pickup sales have doubled and are expected to top a half million vehicles this year, according to the auto website Edmunds.

Did Ford miss the boat by failing to bring back the Ranger sooner?

Brauer calls ignoring the midsize truck market a mistake.

“I think it is one of the reasons possibly why Mark Fields isn't at the helm [at Ford] anymore because this was seen as a miss,” Brauer said.

Instead of rehashing past decisions, Ford executives are looking to the future and predicting the Ranger model will hit the sweet spot of a hot segment. Sales of midsize pickups have jumped 22 percent this year, but the Ranger will face stuff competition. In addition to the Toyota Tacoma, Chevy Colorado and GMC Canyon, the new Jeep Gladiator will hit showrooms next spring. Given the popularity of the Fiat Chrysler's Jeep brand and the Gladiator's bold look, industry analysts will not be surprised if the new truck attracts people who otherwise would consider buying a traditional looking pickup.

It will be one of the story lines the auto industry will be watching closely next year. Ford, a company that has lead the full-size pickup market for more than 40 years thanks to the long-standing popularity of F-Series, will soon find out if the Ranger rides high with Americans who want a smaller truck.

— CNBC's Meghan Reeder contributed to this article.

Questions? Comments? BehindTheWheel@cnbc.com.

Meghan Reeder | CNBC
2019 Ford Ranger pickup

WATCH: How automakers sell a $71,000 version of a $27,000 car

How automakers sell a $71,000 version of a $27,000 car
10:40 AM ET Thu, 28 June 2018 | 02:46

Tesla Model 3 Topping Ford Mustang & BMW 3 Series … Model 3 Operational Savings … Jordan Peterson — #CleanTechnica Top 20

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by Zachary Shahan

Tesla Model 3 Topping Ford Mustang & BMW 3 Series … Model 3 Operational Savings … Jordan Peterson — #CleanTechnica Top 20

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December 23rd, 2018 by Zachary Shahan

The most popular stories of the past week here on CleanTechnica included 7 Tesla Model 3 stories, 3 other Tesla stories, 3 other electric car stories, a story about an electric tractor, a climate science story, a couple of renewable energy news pieces, and a bit more. Read on for details and to read any of the hot cleantech stories you missed.

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Zachary Shahan Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada.

Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.

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