Motor1.com

This just in: supercars are expensive. But how much money are people really forking out for a high-end, low-volume performance car? In McLaren's case, that magic number would have to be £240,000, or approximately $312,000 at current exchange rates. The interesting disclosure was made by CEO Michael Leiters in an interview with Automotive News Europe.

The Average Selling Price of a New McLaren Is Too Low

An automotive luxury icon, the S-Class is experiencing challenging times as a result of dwindling sales. In the first quarter, deliveries plummeted by nearly 37% to only 16,900 cars, including the AMG and Maybach derivatives. The German premium brand has not released S-Class sales details for the second quarter. However, combined deliveries of the S-Class, EQS, EQS SUV, and GLS dropped by almost 23% to 33,400 cars.

Mercedes Cuts S-Class Production Because of Lower Sales

South Carolina State

Thomas Ingenlath will step down as Polestar CEO on October 1. He will be replaced by Michael Lohscheller. Lohscheller was previously CEO at Opel, VinFast and Nikola Motor. Polestar, the electric car manufacturer owned by Chinese-based giant Geely, will have a new chief executive officer starting in October. On October 1, Thomas Ingenlath, who served as CEO since the company’s inception as a standalone automaker in 2017, will step down.

Polestar’s CEO Is Out

US Nissan dealership profitability has dropped by 70 percent in 2024 to its lowest level in 15 years. Around 38 percent of Nissan’s 1,071 dealers are losing money, according to a new report. The automaker’s network size is optimized for a 7-10 percent market share, but Nissan’s chunk of...

Nissan Dealers Are Making So Little Money They Make Non-Profits Look A Bunch Of Greedy Capitalists

24/7 Wall St.

24/7 Insights There is a mix of luxury and non-luxury models on this list.  Mercedes has an issue selling used electric vehicles.  The longest a used vehicle sits on a dealer lot is five months.  Also: 2 Dividend Legends to Hold Forever For better or worse, the used car market has slowed dramatically over the […]
The post The Used Car Dealers Can’t Seem to Get Rid Of appeared first on 24/7 Wall St..

The Used Car Dealers Can’t Seem to Get Rid Of

SlashGear

The automotive realm is jam-packed with acronyms. There's EV for electric vehicle, MDS for Multi-Displacement System, ABS for Anti-lock Brake System, and hundreds of other abbreviations. One such linguistic shortcut that has become very common in the last couple of decades is SUV, but what does SUV mean and what is the history of this term?

What Does SUV Stand For? The Meaning Behind The Abbreviation

German magazine Sport Auto typically tests the latest and greatest sheetmetal on the Nürburgring Nordschleife, which is why it's so delightful to see it putting a classic through its paces. Specifically, a Lancia Delta Integrale Evo 2, the ultimate version of the World Rally Championship-dominating hot hatch. It's not quick by today's standards, but who cares?

Lapping a Lancia Delta Integrale at the Nürburgring Looks as Silly as It Sounds

CarBuzz.com

While Cadillac has unveiled a slew of electric vehicles in recent months (such as the Lyriq), General Motors has said it plans to introduce plug-in hybrids by 2027, to cater to customers who aren't quite ready to go all-electric. But it seems Cadillac won't be embracing hybrids, with Brandon Vivian, Executive Chief Engineer at GM, telling Australia's Drive that the luxury automaker won't be heading down the hybrid route.

Cadillac Has No Interest In A "Balanced Approach" To Electrification

Electric vehicles are becoming increasingly popular as both availability and affordability levels improve. What was once a niche and inaccessible segment has now evolved into more of a mainstream market with various options and bodystyles that you can consider. Since electrification entered the automotive world, die-hard gearheads and forward-looking eco-conscious drivers have been butting heads regarding which is the superior means of propulsion.

5 Things EV Owners Can't Quit Talking About (5 Things They Keep Quiet About)

Consumer Reports recently conducted its first survey focused on used vehicles by brand. Toyota and its luxury division, Lexus, emerged as the top choices for buyers prioritizing dependability, but Honda and Acura also performed well in the rankings. The survey, which covered over 150,000 vehicles, aimed to identify reliability trends...

Whatever You Do, Only Buy A Used Car From One Of These Brands

Monterey, CA

A classic Ford concept car was destroyed in a fire on Sunday night in Monterey, California following the Pebble Beach Concours d'Elegance. The Ford Probe I concept car from 1979, penned by Ghia, met a fiery end in the back of an enclosed car trailer. The Scott Grundfor Company, a...

Ford Probe Ghia Concept Burns to the Ground in Monterey

Rest of World

Organización Autolibre is teaching individuals and companies across 14 countries to retrofit vehicles. Critics worry about the process’s safety.

The Uruguayan company teaching people how to turn regular cars into EVs

When shopping for an SUV, it's important to find one that suits all your needs. Do you need seating for up to seven people? Is in-cabin technology important to you? Do you need it to be able to tow or carry a lot of weight? If that last point hits home for you, then it's important to find an SUV with a lot of power.

Japan's 14 Most Powerful 2024 SUVs

NBC News

Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. Total sales at this year’s five car auctioneers in Monterey, California — RM Sotheby’s, Broad Arrow, Gooding & Company, Mecum and Bonhams — fell to $391.6 million this year from $403 million in 2023, according to Hagerty, the classic-car insurance company. That followed a decline of 14% last year compared with the peak of 2022.

Classic car sales stall in Monterey auctions as new generation takes charge

24/7 Insights The biggest recalls of all time had a big impact on company financials.  Many of the companies on this list were able to cover the cost of the recall.  At least one brand went completely bankrupt due to its widespread recall.  Also: 2 Dividend Legends to Hold Forever Unfortunately, product recalls are a […]
The post Recalling 67 Million Cars Bankrupted This Company appeared first on 24/7 Wall St..

Recalling 67 Million Cars Bankrupted This Company

Honda was relatively late to the game on electrification. Only now are we seeing the Prologue and Acura ZDX on the road—both of which use GM's Ultium platform. But even as EV enthusiasm wanes, a new bespoke platform for Acura's next electric SUV and an entire range of 0 Series products means Honda has no plans of slowing its EV roll.

Honda's EV Plans Have 'Not Changed'

BMWBLOG

The proliferation of M models with a focus on crossovers and SUVs has attracted a more diverse clientele. Just look at the sales figures as BMW M posted record deliveries in 2023 with 202,530 vehicles. Yes, that number includes M Performance models, but you get the idea. But who are the people buying cars carrying the “most powerful letter in the world”? In the case of the M5, it would have to be middle-aged men.

BMW Says The Typical New M5 Buyer Is A Middle-Aged Man

The US Sun

I DROVE an EV with pyrotechnic-level aesthetics and one of the most impressive batteries in the American market. Does that sound like a Cybertruck? Well, it wasn’t, and it’s likely better. The 2024 Hyundai Ioniq 6 is a Jetson-like sedan with an extensive battery range. The car’s relatively low price compared to the rest of […]

I drove one of the cheapest EVs – the ‘Jetsons-like’ sedan charges from 10 to 80 percent in 18 mins & has sneaky storage

Massachusetts State

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Camilo Díaz

(MA) Meet Yoda, a tiny 9-pound senior Shih Tzu who is ready to steal your heart. This little pup is an older boy who has lived his life loved by a caring owner. Sadly, his owner recently passed away, and their family was not able to take care of Yoda. Luckily, Great Dog Rescue New England was able to take him in and place him safely with a foster. He still has a lot of life left in him, and he hopes to spend the majority of it snoozing in YOUR bed.

This Tiny Shih Tzu Who Lost His Owner Is Now Looking For New Family

The auto world is split between ICEs and EVs. On one hand, you’ve got the purists who have taken an oath that they won’t touch an EV with a ten-foot pole, and on the other, you’ve got advocates for electric vehicles who will probably say this is the best thing that could happen to us. In this imaginary Venn diagram, you’ve got a small section of people that are more open-minded than either of the parties, and you can say Porsche belongs here; albeit, without getting influenced by anything and everything that’s going on out there.

Porsche Says There’s No Sense In EVs Imitating Combustion Cars

NewsBreak

Lotus Isn't Doing Well, Guys

Lotus has reported a net loss of $202 million for the second quarter of 2024, up from $193 million in 2023. The loss comes despite a...

Lotus Isn't Doing Well, Guys

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