Ford – Page 1623 – I wish I had more to offer

Ford unveils the new 2020 Explorer, the popular SUV’s first redesign in 8 years

Ford reveals all-new Explorer with upgraded tech features
2 Hours Ago | 00:56

With more and more consumers looking to buy a midsize SUV, Ford is rolling out a fresh version of its iconic Explorer model. Unveiled Wednesday in New York, it's the first all-new version of the Explorer in eight years.

The 2020 Explorer has been redesigned with special features, new technology and creature comforts SUV owners have come to expect. That includes Ford Co-Pilot360 which provides driver assistance to avoid collisions. In addition, Ford increased the towing capacity by 66 percent while making the Explorer lighter and more fuel efficient.

Starting at $33,000, the new model goes on sale this summer, Ford said.

“The new Explorer is very important for Ford,” said Jeff Schuster, analyst at automotive consulting firm LMC Automotive. “Even though the Explorer is the top-selling midsize SUV, there's a lot more competition and new models coming in the next couple of years.”

While there were 21 midsize SUV's available in the U.S. last year, LMC Automotive expects that number to climb to 26 next year and to 30 models by 2022.

That competition will be looking to cut into the Explorer's No. 1 position in the midsize SUV market. Last year, Ford sold more than 261,000 Explorers. An impressive number considering the model has not had a major makeover in years.

“The Explorer is really in the sweet spot of the market,” said Schuster. “Last year, midsize SUVs made up almost 14 percent of the market and we think the segment will keep growing.”

Whether or not the Explorer remains the leader of the SUV market remains to be seen, but the new model should position Ford to continue doing well in that segment. That's critical since Ford will be relying on its trucks and SUVs to generate profits while it restructures its business, investing billions in future technology like autonomous drive vehicles.

Questions? Comments? BehindTheWheel@cnbc.com.

Exclusive: VW, Ford to reveal deeper alliance next week – sources

HAMBURG/DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday. FILE PHOTO: A car with… Continue reading Exclusive: VW, Ford to reveal deeper alliance next week – sources

At reopened Ford plant, F-150 rolls off line in 52 seconds – Detroit Free Press

CLOSE Ford continues to dominate the heavy-truck market, with F-Series truck sales at a 12-year high. Wochit The first Ford F-150 truck built after an eight-day shutdown rolls off the line on May 18, 2018, at Dearborn Truck Plant. The assembly line restarted after a supplier fire. (Photo: Ford Motor Co.) After being fully shut… Continue reading At reopened Ford plant, F-150 rolls off line in 52 seconds – Detroit Free Press

Tesla Model 3 Used Car Stats As Depressing For BMW & Audi As New Car Sales

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Published on January 6th, 2019 |

by Michael Barnard

Tesla Model 3 Used Car Stats As Depressing For BMW & Audi As New Car Sales

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January 6th, 2019 by Michael Barnard

The Tesla Model 3 has many superlatives associated with it. The most pre-orders of any production car ever. The highest volume sales of any small or midsize luxury sedan in the USA. The highest revenue for any car sold in the USA for the last 4–6 months of 2018. The fewest buttons, switches, and dials of any car.

But there’s another superlative.

The fewest used cars available. By an order of magnitude.
Autotrader is the largest online used car site in the USA. A search for second-hand Tesla Model 3s on January 1st found 78 Tesla Model 3s for sale on the site. There were roughly 140,000 Tesla Model 3s sold in 2018 when you include likely December sales per earlier CleanTechnica reporting.

78 used cars represents about 0.06% of the Tesla Model 3s on the road. That number doesn’t seem that high.

Using the November sales chart, I also looked at the cars which ranked just above and below the Model 3 in January–November 2018 sales volume. Checking for used 2018–2019 Chevy Malibus on Autotrader, there are over 1,000 for sale right now, and there were only a few more of them built and sold in 2018 than the Model 3. There are 986 used 2018–2019 Ford Focuses available for sale right now, 13 times more than Tesla Model 3s, with fewer built and sold. That’s about 0.8% that are up for resale.

There’s an order of magnitude fewer Tesla Model 3s for sale than cars which sold in equal numbers in 2018 in the USA.

But what about its closest competitors, small, luxury, performance sedans such as the BMW 3 Series and the Audi A4? They have similar price points and target demographics, so are arguably better to compare to the Model 3 than either the Malibu or Focus.

New Tesla Model 3s outsold new 3 Series and A4s by a large margin in 2018 in the USA, three to four times the sales volume. But going back to Autotrader and looking solely at used 2018–2019 cars for sale is instructive. There are over 1,000 BMW 3 Series available right now for those model years. There are 502 Audi A4s available. There are 7 to 13+ more used new-model BMWs and 6 times as many Audi A4s for sale as Tesla Model 3s.

Let’s run the numbers a slightly different way. If all else were equal, the number of cars available used should be aligned to the number of cars sold. The ratios should be relatively close. There were more BMW 3 Series sold than Audi A4s and there are more available used. The ratio isn’t perfect, as new is roughly 4:3 and used is in the range of 2:1, but the principle applies.

When we look at Tesla vs BMW, we see a ratio of 3:1 new and 1:13 used. Really, the way to look at this is that potentially 40 times as many BMW owners are dumping their new 3 Series as Tesla owners are doing with their Model 3s. Audi is 4:1 and 1:7. There are about 30 times as many Audi owners dumping their A4s as Tesla owners.

There were certainly anecdotal stories of people who bought the two-wheel drive as soon as they could but then put down the more serious money for the AWD or Performance version when it was made available. And there are certainly people who were speculating on the Model 3, intending to make a fast buck by flipping it to people who wanted one.

But what about mileage? Well, a scan of the mileage on Autotrader found a range from 11 miles to 14,000 miles on the cars. There were some that were obviously bought to flip second hand with 11 to 45 miles on them. There were some in the 1,000–2,000 range. The majority were in the mid-1,000s. There were a handful over 10,000, which is reasonable given annual mileage averages in the USA are about 13,500.

Did some people buy to flip? Yes, and no surprise. They probably did okay in June, but wouldn’t be doing okay today with Tesla running 6,000–7,000 a week. Speculation on the Model 3 for quick flips is more a thing of the past, although obviously this does suggest that resale value remains high. Some of the variance can be explained by high demand for used Model 3s, meaning that used inventories remain low.

But really, the statistics show that Tesla Model 3 owners are very happy with their cars and keeping them. Demand is very strong for the newest Tesla. For BMW and Audi? Not so much.

About the Author

Michael Barnard is Chief Strategist with TFIE Strategy Inc. He works with startups, existing businesses and investors to identify opportunities for significant bottom line growth and cost takeout in our rapidly transforming world. He is editor of The Future is Electric, a Medium publication. He regularly publishes analyses of low-carbon technology and policy in sites including Newsweek, Slate, Forbes, Huffington Post, Quartz, CleanTechnica and RenewEconomy, and his work is regularly included in textbooks. Third-party articles on his analyses and interviews have been published in dozens of news sites globally and have reached #1 on Reddit Science. Much of his work originates on Quora.com, where Mike has been a Top Writer annually since 2012. He's available for consulting engagements, speaking engagements and Board positions.

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VW and Ford want to work together

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Toyota recalls 1.7 million vehicles worldwide over air bag inflators

Toyota Motor Corp’s logo is pictured on a car in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.7 million vehicles worldwide for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding… Continue reading Toyota recalls 1.7 million vehicles worldwide over air bag inflators

Toyota recalling 1.3 million U.S. vehicles for air bag inflators

Toyota Motor Corp’s logo is pictured on a car in Tokyo, Japan, November 8, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.3 million U.S. vehicles for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding… Continue reading Toyota recalling 1.3 million U.S. vehicles for air bag inflators

Top Automotive Industry News for Week of December 17 – December 23, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week of December 17, 2018 – December 23,
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-

Carlos Ghosn vows to 'restore my honor' in first remarks since arrest

(autoblog)

Ford's New Truck-like Explorer SUV To Debut Jan. 9 Ahead Of Detroit
Auto Show

(Forbes)

General Motors hints it could negotiate a way to keep one or more
plants open

(CNBC)

German automakers BMW, Daimler stand to benefit the most if China cuts
US auto tariffs

(CNBC)

Ghosn Rearrested, Now Faces 20 Years in Prison

(Forbes)

GM gets thousands of holiday letters about plant closings

(Detroit Free Press)

IIHS Unveils Top Safety Pick Plus Models for 2019

(The Detroit Bureau)

In the Switch to Electric Vehicles, Expect a Few Giants to Crash

(Bloomberg)

Jeep Wrangler plant uses rotisserie to crank out SUVs

(Detroit Free Press)

Nissan to lay off 1,000 Mexican workers, citing market challenges

(autoblog)

Tesla Survived Manufacturing Hell–Now Comes The Hard Part

(Forbes)

UAW scandal sending union's ex-No. 2 in Fiat Chrysler Department to
prison

(Detroit Free Press)

-Automotive Evolution News-

Daimler, BMW Get U.S. Approval for Mobility Company

(The Detroit Bureau)

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

(CNBC)

Laser Vision Upstart Luminar Reveals Self-Driving Tech Alliance With
Audi's AID Unit

(Forbes)

NHTSA Moves to Accelerate Autonomous Vehicle Petitions

(The Detroit Bureau)

Self-driving bill hits dead end in U.S. Senate

(The Detroit News)

The Year Of The Scooter: The Good, The Bad, And The Road Ahead

(Forbes)

Uber's self-driving cars are back on the road, nine months after a
fatal accident

(CNBC)

Zoox Inc. Snags First California Permit To Transport Passengers In
Self-Driving Cars

(NPR)

-Automotive Retail News-

Beating Predictions, 2018 New Car Sales to Surpass 2017 Results

(The Detroit Bureau)

CarMax's stock drops after earnings beat, but used car sales miss

(MarketWatch)

Fed Raises Interest Rate, Lowers Growth Forecast

(Auto Dealer)

Shopping for a new car? Buy before the Fed rate hike affects car loans

(MarketWatch)

Study: Dealers Overspend on Marketing

(Auto Dealer)

U.S. auto sales seen falling 1% in December, say J.D. Power, LMC

(autoblog)

-Automotive Wholesale News-

Car Values at Auction Continue Decline at Year's End

(Vehicle Remarketing)

-Automotive Ownership News-

'Dramatic drops' in gas prices: Less-than-$2 gas is here for many
American motorists

(USA Today)

-Automotive Enthusiast News-

In a blatant attempt to pull at our heart strings, Chevrolet is
offering an in-car Santa tracker

(CNBC)

The most amazing classic car stories of 2018

(FOX News)

-Automotive Servicing News-

Citing Fire Danger Ford Recalls 410,000 Pickups

(Forbes)

Report: 16.7M faulty Takata air bags still on US roads

(The Detroit News)

The Biggest and Smallest Automotive Recalls of 2018

(Car and Driver)

Tesla Model S catches fire in California town: Fire Department

(CNBC)

-General Business & Executive News-

ACV Auctions continues rapid disruption of $100B wholesale automotive
industry

(PR Newswire)

Car rental company Fair raises $385 million in SoftBank-led funding
round

(Reuters)

CU Direct's credit union network leads in auto loan originations

(Automotive News)

The real problem with the American auto industry

(CNN)

U.S. third-quarter growth trimmed; business spending slowing

(Reuters)

-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

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

Unmanned systems: Silent Falcon UAS assisting Pojoaque Pueblo in New Mexico, Resolute Eagle UAS adopts MPU5 technology, Ford and Michigan State expand research partnership

In this week’s/today’s roundup from the Association for Unmanned Vehicle Systems International (AUVSI) which highlights some of the latest news and headlines in unmanned vehicles and robotics, the Wildflower International technology firm pairs with Silent Falcon UAS in Wildflower’s bid to build a new data service, PAE ISR upgrades the Resolute Eagle UAS with new communication… Continue reading Unmanned systems: Silent Falcon UAS assisting Pojoaque Pueblo in New Mexico, Resolute Eagle UAS adopts MPU5 technology, Ford and Michigan State expand research partnership