Even with elevated trade-in values, the common month-to-month finance cost is on tempo to hit a report high of $658 for the month of March, up $73 from March 2021. That interprets to an 12.4% enhance in monthly funds from a yr ago, which remains to be below the 17.4% improve in transaction prices. For the first quarter of 2022, complete retailer profit per unit is on pace to achieve $5,013, a rare 126% improve from the first quarter of 2021,” King mentioned. Automakers and dealers are benefitting from the high costs and low incentives in the form of massive earnings.
The Ford Motor Co. has recalled 300,000 vehicles based mostly on the F-150 chassis to repair a master brake cylinder downside. The vehicles can unexpectedly brake at highway speeds, resulting in issues of rear-end crashes. The automaker says the lights meet requirements, but regulators disagree. Reports Unaudited Fourth Quarter and Full Year 2021 Financial ResultsNIO right now introduced its unaudited financial results for the fourth quarter and full yr ended December 31, 2021.
Perhaps essentially the most attention-grabbing of the latest spherical of newsworthy EVs is the Mercedes-Benz EQA 250. This week, we reported that BMW has constructed its strongest production automobile, GM is doing away with fuel and diesel in light-duty vehicles, and Volvo might give away $2 million in new autos on Super Bowl Sunday. This week, we revealed details in regards to the new 2021 Ford F-150 Raptor and confirmed a high-performance, V8-powered Raptor R is coming subsequent 12 months. Nissan launched redesigned 2022 Frontier pickup and 2022 Pathfinder SUV fashions, while its Titan full-size truck took a success on security rankings. This week, we reported on numerous automotive news objects and offered professional reviews. We additionally revealed articles explaining what a constantly variable transmission is and how eTorque works.
A international microchip scarcity means there are fewer new cars on the market. As a end result, fewer people are getting rid of older vehicles, so we now have a system-wide automobile shortage and costs are up. This week, Ford’s smallest truck, the Maverick, delivered in an enormous method with an EPA-official 42 metropolis mpg for the hybrid. Also sizable was Land Rover’s blurry teasing of its all-new Range Rover ahead of subsequent week’s reveal. This week, the Los Angeles Auto Show is going down, giving manufacturers like Hyundai a worldwide platform to show off. The South Korean automaker has a lot to brag about late in 2021, and among its wares at this year’s present is a new all-electric SUV idea referred to as Seven.
Is the motoring world prepared for an electric-powered off-road car that may rocket from zero to 60 miles per hour in under three seconds? Soon we will discover out because the 2021 Porsche Taycan Cross Turismo goes on sale this summer time. Hyundai expects the new plug-in hybrid version of the compact SUV to ship 32 miles of all-electric vary earlier than switching over to traditional hybrid operation and returning an estimated 30 mpg in mixed driving.
Check out the week’s high story and our latest review…along with a dive into the past with this week in automotive historical past. More than simply “another” place to search out news, evaluations, spy shots, commentary, options, and guides about the auto business. TheDetroitBureau doesn’t stop with the press releases or confuse a few traces of opinion with insightful, in-depth reporting. We first reported about VW’s manufacturing pause back in late February 2022.
If you’re a fan of wrenching on old vehicles, you know what a crate engine is. Old automobiles restored with fashionable crate engines are generally identified as “restomods.” In affiliation with SEMA360, Chevrolet is displaying a model new restomod of its personal. The Maxima SV is almost $3,000 costlier than a loaded Altima Platinum. The adjustments eliminate worth overlap between the completely different models, clearly positioning the Maxima as the company’s flagship sedan.
Jaguar has announced a handful of necessary changes to the 2021 I-Pace electrical SUV. Chief amongst them is a newly normal 11-kilowatt, 3-phase onboard charger, an enchancment over the previous 7-kW, 2-phase unit. This improve shaves more than four hours off of the EV SUV’s overnight charging time. Toyota is canceling the Yaris subcompact after the 2020 model Automotive News yr, according to a number of reports and claimed affirmation by a Toyota spokesperson. The Mazda-based Yaris hatchback was new for 2020, changing the earlier France-sourced Yaris hatch, but slow gross sales have sealed the car’s fate.
This week, Stellantis introduced main electrification news and unveiled the all-new Jeep Grand Cherokee 4xe plug-in hybrid. We also lined a number of new automobile previews, evaluations, and explainer articles. For the first time in the study’s 35-year history, Ram tops the record as the highest-ranked total model. Rivian is certainly one of the most exciting new automakers to return out of the burgeoning electric vehicle revolution. The Rivian R1T pickup truck and Rivian R1S SUV are glossy and shockingly capable.
This week, we reported a number of news gadgets, printed explainer articles, reviewed the redesigned 2021 Hyundai Elantra and 2021 Mazda CX-30 Turbo, and previewed the 2022 Audi e-tron GT. Porsche says that to bridge the gap between now and an electrical vehicle future, it continues to develop synthetic fuels, also called electrofuels, or eFuels. This week, we shared details for a quantity of new automobiles, explained over-the-air updates and Jeep Selec-Speed Control, and compared the 2021 Honda Civic to the 2021 Mazda 3. Lexus introduced the RX 400h hybrid SUV more than 15 years in the past, making it the primary electrified luxury automobile on the earth. Since then, Lexus has sold nearly two million electrified vehicles and SUVs, and presents 9 of them throughout all of its world markets. This week, we reported Chevrolet will construct an electrical Silverado, Ford is expanding the 2021 Explorer lineup, and Toyota is bringing a model new 2022 GR 86 to the us at the finish of the yr.