Honda Clarity Hybrid Revealed at NY Auto Show

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Honda has revealed its all-new Clarity Plug-in Hybrid and Clarity Electric at the NY Auto Show. With the already available Clarity Fuel Cell, Honda hopes to reach sales of 75,000 Clarity vehicles in the U.S. in the first four model years. The Clarity series will contribute to an anticipated five-fold increase in Honda’s U.S. sales …

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Porsche to Debut 4 Vehicles at NY Auto Show

porscheturismo

The New York International Auto Show will serve as host to four North American debuts for Porsche this year. The Panamera Sport Turismo model features a unique design with seating for five as well as a larger tailgate and luggage compartment, combining the performance and luxury for which the Panamera already is known with a …

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Mercedes Reports Best Year Ever

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Mercedes-Benz USA (MBUSA) closed out 2016 with its highest sales  ever in the U.S, topping 2015’s record. MBUSA, based in Atlanta, reported December sales of 37,057 vehicles. Mercedes-Benz Vans reported December sales with 3,860 units, and smart reported 1,186 units, bringing MBUSA’s grand total to 37,057 vehicles for the month. On a year-to-date basis, Mercedes-Benz …

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Average New Car Price Reaches $34,077

The average new vehicle transaction price will hit an all-time high in 2016 of $34,077 per vehicle, a 2.7 percent increase from 2015 and a 12.6 percent increase from 2011, according to analysis from car information network Edmunds.com. In 2017, Edmunds predicts that the average vehicle transaction price will further increase to $35,000. “Although automakers have …

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Mercedes-Benz Reports Sales Up 1.1%

Mercedes-Benz USA (MBUSA) reported November sales of 30,363 vehicles, up 1.1% from 30,043 vehicles sold during the same month last year. Mercedes-Benz Vans also reported November sales with 2,564 units, and smart reported 563 units, bringing MBUSA grand total to 33,490 vehicles for the month. On a year-to-date basis, Mercedes-Benz retail car sales totaled 308,226. Adding year-to-date-sales …

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BMW Ride-Sharing Service Launches in Brooklyn

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BMW USA announced that its ReachNow rental service is expanding to the borough of Brooklyn in New York City and offering fleet services in Manhattan next month. ReachNow uses an app available on iOS or Android where users can reserve a BMW 330i xDrive or Mini MINI Clubman S All 4 vehicle in Brooklyn. ReachNow …

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Honda Reports Record September Truck Sales

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American Honda Motor Co. reported strong sales in September of 133,655 Honda and Acura vehicles, a 0.1 percent decrease from September 2015. American Honda trucks set a new September record, gaining 8.5 percent on sales of 69,069 units. The global Honda Division set a new September mark, gaining 1.5 percent on total sales of 120,842 …

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Vroom Scores $50 Million Series E Round

NEW YORK — Vroom, an online used car retailer, has completed a $50 million Series E funding round with new investors Altimeter Capital and Foxhaven Asset Management, joining previous investors L Catterton, General Catalyst Partners, Allen & Company, and funds and accounts advised by T. Rowe Price Associates, Inc. The new financing brings Vroom’s total funding to $218 million …

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Toyota Reports Sales Down 5%

Toyota Motor Sales (TMS), U.S.A., reported August 2016 sales of 213,125 units, a decrease of 5 percent from August 2015 on a volume basis. With the same amount of selling days in August 2016 compared to August 2015, sales were down 5 percent on a daily selling rate (DSR) basis. Toyota division posted August sales …

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Number of Leased Vehicles Hits All-Time High

More new vehicles were leased in the first half of 2016 than during the first half of any other year in history, according to the latest Lease Market Report from Edmunds.com. Lease volume has doubled in the last five years, suggesting that the automotive market could be on the verge of a fundamental shift in …

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Porsche Releases June Sales Figures

Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche 911, Boxster, and Cayman sports cars, Macan and Cayenne SUVs, and the Panamera four-door sports sedan line-up in the United States, announced June 2016 sales of 4,482 vehicles, which represents an increase of 6.9 percent compared to June 2015. Sports car demand was strong …

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BMW Reports June Sales Down 10.3%

WOODCLIFF LAKE, NJ — Sales of BMW brand vehicles decreased 10.3 percent in June for a total of 28,855 compared to 32,176 vehicles sold in June, 2015.  Year-to-date, BMW brand is down 9.0 percent on sales of 153,436 compared to 168,623 sold in the first half of 2015. Notable vehicle sales include the BMW 7 …

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Mercedes Reports Best-Ever June Sales

Mercedes-Benz USA (MBUSA) reported June sales of 28,473 vehicles, which closes out the second-quarter at 162,777 year-to-date. Mercedes-Benz Vans also reported best-ever June sales with 3,085 units, and smart reported 407 units, bringing MBUSA grand total to 31,965 vehicles for the month, up 2.3% from last year. “A major highpoint for June was the launch …

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Honda Launching 2017 Ridgeline Pickup

The completely redesigned 2017 Honda Ridgeline powers into the U.S. mid-size pickup market tomorrow with a long list of new features and improvements to deliver a combination of cargo- and people-hauling capability in the midsize pickup class. Boasting unsurpassed dynamic refinement and extensive comfort and convenience features, along with the most spacious and versatile interior …

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