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If you have been following auto sales for the past few years, then you know that SUVs and trucks currently dominate the sales charts partly due to the low gas prices. This is especially true when it comes to the luxury segment, where utility models are eating sedans. But a new report from The New York Times reveals that American automakers are eating the lunches of luxury car manufacturers. According to data from Edmunds, the likes of Ford, Chevrolet, and GMC have seen their share of domestic sales of models with an average price of $60,000 steadily climbing, while luxury brands like Mercedes-Benz, Porsche, and Lexus have been declining. GMC, in particular, has shown the largest growth, accounting 11.3 percent of domestic sales of $60,000-plus models in 2017. Five years ago, the brand only made up 0.1 percent of those sales. A lot of this credit can be laid at the feet of GMC's Denali brands. At a recent investor conference, GM showed data that the Denali line had an average sale price of $56,000 - more than the average price of an Audi, BMW, or Mercedes-Benz. “This thing is a money machine,” said GM's president Dan Ammann about Denali. Over at Ford, more than half of F-150 sales are made up by the Lariat, King Ranch, Raptor models. Only a few years ago, those models made up a third. Why are American automakers seeing a massive increase in expensive SUVs and trucks? Part of it comes down to price, but there is also the image. “We’ve been taking in Lexuses on trade-ins, BMWs," said Gary Gilchrist, owner of a GMC dealer in Tacoma, Washington. “People used to want German cars for the image factor. Now, if you have a Denali, you get that. People turn their heads to look.” Source: New York Times View full article -
More Luxury Car Buyers Are Moving to Trucks and SUVs
William Maley posted an article in Automotive Industry
If you have been following auto sales for the past few years, then you know that SUVs and trucks currently dominate the sales charts partly due to the low gas prices. This is especially true when it comes to the luxury segment, where utility models are eating sedans. But a new report from The New York Times reveals that American automakers are eating the lunches of luxury car manufacturers. According to data from Edmunds, the likes of Ford, Chevrolet, and GMC have seen their share of domestic sales of models with an average price of $60,000 steadily climbing, while luxury brands like Mercedes-Benz, Porsche, and Lexus have been declining. GMC, in particular, has shown the largest growth, accounting 11.3 percent of domestic sales of $60,000-plus models in 2017. Five years ago, the brand only made up 0.1 percent of those sales. A lot of this credit can be laid at the feet of GMC's Denali brands. At a recent investor conference, GM showed data that the Denali line had an average sale price of $56,000 - more than the average price of an Audi, BMW, or Mercedes-Benz. “This thing is a money machine,” said GM's president Dan Ammann about Denali. Over at Ford, more than half of F-150 sales are made up by the Lariat, King Ranch, Raptor models. Only a few years ago, those models made up a third. Why are American automakers seeing a massive increase in expensive SUVs and trucks? Part of it comes down to price, but there is also the image. “We’ve been taking in Lexuses on trade-ins, BMWs," said Gary Gilchrist, owner of a GMC dealer in Tacoma, Washington. “People used to want German cars for the image factor. Now, if you have a Denali, you get that. People turn their heads to look.” Source: New York Times -
By William Maley Staff Writer - CheersandGears.com May 13, 2013 The Acura ILX hasn't set the sales charts on fire since it was launched. Since going on sale last May, total sales of the ILX stand at 19,759 vehicles. In that same time, Buick has moved 47,859 Veranos. Acura has announced some changes for the 2014 ILX that will help improve sales. All ILX models will now come equipped with 17-inch alloy wheels, heated leather seats, an eight-way power driver's seat, rearview camera, a enhanced sound system with a new subwoofer, and a noise cancellation system. Those who were hoping for some mechanical changes will be disappointed as it appears the ILX lineup will stay pretty much the same. Acura isn't saying if any changes will appear on the ILX Hybrid, only stating in a press release that details of that model will appear at a later time. Source: Acura William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 2014 ACURA ILX LUXURY SPORTS SEDAN ARRIVES WITH HOST OF NEW STANDARD FEATURES, PROVIDING MORE CONTENT AND VALUE 05/13/2013 - TORRANCE, Calif The 2014 Acura ILX luxury sports sedan goes on sale tomorrow with a host of new standard features, further strengthening the gateway vehicle to the Acura brand. Introduced as an all-new model for the 2013 model year, the 2014 Acura ILX offers increased value on a luxury scale with eight new standard features to enhance its curb appeal, interior comfort and overall driving enjoyment. The ILX is the only luxury model on the top ten list of Generation Y car shoppers according to J.D. Power and Associates, and the 2014 ILX gets upgraded 17-inch alloy wheels, while the interior receives new leather seating surfaces and leatherette door liners, an eight-way power driver's seat, heated front seats and a Multi-Angle Rearview Camera. The ride experience is further enhanced by a new audio-system subwoofer and an Active Noise Cancellation (ANC) system that are standard features on the 2014 ILX, which starts at a manufacturer's suggested retail price* (MSRP) of $26,900, an increase of just $1,000. Two advanced powertrain choices are available for 2014 ILX, with a standard 2.0-liter inline 4-cylinder engine that produces 150 horsepower. Paired with a Sequential SportShift 5-speed automatic transmission, it has an EPA ** city/highway/combined fuel economy rating of 24/35/28 mpg. For a more dynamic driving experience, the ILX can be equipped with a close-ratio, six-speed manual transmission matched to a 2.4-liter engine generating 201 horsepower, and earning an EPA ** city/highway/combined fuel economy rating of 22/31/25 mpg. Information on the 2014 Acura ILX Hybrid will be announced at a later date. The ILX uses 59 percent high strength steel (HSS) in its body structure for enhanced protection and chassis rigidity. The chassis utilizes an advanced, fully independent MacPherson strut front and multi-link rear suspension system and Acura signature Amplitude Reactive Dampers, which offer superior ride comfort and precise handling. In addition, Motion Adaptive Electric Power Steering (EPS) is used for excellent steering feel and improved fuel efficiency. The high-quality, well-appointed interior is smart, spacious and sporty. It offers a number of convenient features including a standard Keyless Access System with smart entry and pushbutton start, along with Pandora® interface and SMS text message function for easy connectivity. As before, a Premium Package and Technology Package are both available. Acura's belief in "Safety Through Innovation" is the foundation for the brand's commitment to leadership in safety, and accordingly the ILX has a wide range of standard active and passive safety features, including Advanced Compatibility Engineering™ (ACE™) body structure. It received a 2013 TOP SAFETY PICK rating from the Insurance Institute for Highway Safety (IIHS), attaining a score of GOOD in all four Institute tests, including the rigorous roof-strength test. The Acura ILX is manufactured exclusively at the company's state-of-the-art Greensburg, Indiana plant using U.S. and globally sourced parts. TRIM MSRP* EPA** MPG (city/highway/combined) 2014 ILX 5-Speed Automatic $26,900 24/35/28 2014 ILX 5-Speed Automatic w/ Premium Package $29,200 24/35/28 2014 ILX 5-Speed Automatic w/Technology Package $31,600 24/35/28 2014 ILX 6-Speed Manual with Premium Package $29,200 22/31/25 View full article
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By William Maley Staff Writer - CheersandGears.com May 13, 2013 The Acura ILX hasn't set the sales charts on fire since it was launched. Since going on sale last May, total sales of the ILX stand at 19,759 vehicles. In that same time, Buick has moved 47,859 Veranos. Acura has announced some changes for the 2014 ILX that will help improve sales. All ILX models will now come equipped with 17-inch alloy wheels, heated leather seats, an eight-way power driver's seat, rearview camera, a enhanced sound system with a new subwoofer, and a noise cancellation system. Those who were hoping for some mechanical changes will be disappointed as it appears the ILX lineup will stay pretty much the same. Acura isn't saying if any changes will appear on the ILX Hybrid, only stating in a press release that details of that model will appear at a later time. Source: Acura William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 2014 ACURA ILX LUXURY SPORTS SEDAN ARRIVES WITH HOST OF NEW STANDARD FEATURES, PROVIDING MORE CONTENT AND VALUE 05/13/2013 - TORRANCE, Calif The 2014 Acura ILX luxury sports sedan goes on sale tomorrow with a host of new standard features, further strengthening the gateway vehicle to the Acura brand. Introduced as an all-new model for the 2013 model year, the 2014 Acura ILX offers increased value on a luxury scale with eight new standard features to enhance its curb appeal, interior comfort and overall driving enjoyment. The ILX is the only luxury model on the top ten list of Generation Y car shoppers according to J.D. Power and Associates, and the 2014 ILX gets upgraded 17-inch alloy wheels, while the interior receives new leather seating surfaces and leatherette door liners, an eight-way power driver's seat, heated front seats and a Multi-Angle Rearview Camera. The ride experience is further enhanced by a new audio-system subwoofer and an Active Noise Cancellation (ANC) system that are standard features on the 2014 ILX, which starts at a manufacturer's suggested retail price* (MSRP) of $26,900, an increase of just $1,000. Two advanced powertrain choices are available for 2014 ILX, with a standard 2.0-liter inline 4-cylinder engine that produces 150 horsepower. Paired with a Sequential SportShift 5-speed automatic transmission, it has an EPA ** city/highway/combined fuel economy rating of 24/35/28 mpg. For a more dynamic driving experience, the ILX can be equipped with a close-ratio, six-speed manual transmission matched to a 2.4-liter engine generating 201 horsepower, and earning an EPA ** city/highway/combined fuel economy rating of 22/31/25 mpg. Information on the 2014 Acura ILX Hybrid will be announced at a later date. The ILX uses 59 percent high strength steel (HSS) in its body structure for enhanced protection and chassis rigidity. The chassis utilizes an advanced, fully independent MacPherson strut front and multi-link rear suspension system and Acura signature Amplitude Reactive Dampers, which offer superior ride comfort and precise handling. In addition, Motion Adaptive Electric Power Steering (EPS) is used for excellent steering feel and improved fuel efficiency. The high-quality, well-appointed interior is smart, spacious and sporty. It offers a number of convenient features including a standard Keyless Access System with smart entry and pushbutton start, along with Pandora® interface and SMS text message function for easy connectivity. As before, a Premium Package and Technology Package are both available. Acura's belief in "Safety Through Innovation" is the foundation for the brand's commitment to leadership in safety, and accordingly the ILX has a wide range of standard active and passive safety features, including Advanced Compatibility Engineering™ (ACE™) body structure. It received a 2013 TOP SAFETY PICK rating from the Insurance Institute for Highway Safety (IIHS), attaining a score of GOOD in all four Institute tests, including the rigorous roof-strength test. The Acura ILX is manufactured exclusively at the company's state-of-the-art Greensburg, Indiana plant using U.S. and globally sourced parts. TRIM MSRP* EPA** MPG (city/highway/combined) 2014 ILX 5-Speed Automatic $26,900 24/35/28 2014 ILX 5-Speed Automatic w/ Premium Package $29,200 24/35/28 2014 ILX 5-Speed Automatic w/Technology Package $31,600 24/35/28 2014 ILX 6-Speed Manual with Premium Package $29,200 22/31/25
