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U.S. auto sales in April expected to drop despite big discounts

DETROIT — U.S. auto sales in April likely fell nearly 8 percent from the same month in 2017 despite big discounts for consumers, industry consultants J.D. Power and LMC Automotive said on Thursday. For much of the past two years, the discounts offered by automakers have remained at levels that industry analysts say are unsustainable and unhealthy in the long term. April U.S. new vehicle sales will likely be about 1.31 million units, down from 1.42 million units a year earlier, the consultancies said. The forecast was based on the first 17 selling days of April. Automakers, including Ford and Fiat Chrysler Automobiles, will release April U.S. sales results on May 1. Earlier this month, No. 1 U.S. automaker General Motors said it will stop reporting monthly U.S. sales because the 30-day snapshot does not accurately reflect the market. GM will instead issue quarterly sales reports. U.S. new vehicle sales fell 2 percent in 2017 to 17.23 million units after hitting a record high in 2016. Sales are expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones. LMC expects full-year 2018 U.S. new vehicle sales to come in at around 17 million units. "Uncertainty and unfavorable factors appear to be mounting for autos, including a volatile stock market, rising interest rates, rising oil prices and potential trade roadblocks," Jeff Schuster, LMC's head of global vehicle forecasts, said in a statement. The seasonally adjusted annualized rate of sales for April will be 16.6 million vehicles, down more than 2 percent from 17 million units in April 2017, the consultancies said. Retail sales to consumers, excluding lower-margin fleet sales to rental agencies, businesses and government, were set to decline about 9 percent in April. The level of consumer discounts, which can erode profit margins and undercut resale values, "remains the larger concern," the consultancies said. The average discount was $3,698, up $187 from April 2017. Discounts on trucks and SUVs were up $426, but down $226 on passenger cars. Reporting by Nick CareyRelated Video: Image Credit: Reuters Earnings/Financials Chrysler Ford GM JD Power

Chrysler Airflow EV crossover concept headed to production in 2024

At the 2020 Consumer Electronics Show (CES), the Airflow Vision Concept took the starring role on the Chrysler stand. More than a year later, Stellantis used its EV Day to show what looked like a running, rolling evolution of the Airflow Vision Concept, but the automaker didn't reference any names for the product. Finally, at one point during the company's Software Day this week, the company brought the production-looking battery-electric crossover out once again, only this time it has a name: Chrysler Airflow. The Stellantis roadmap contains blank spots in the 2022 and 2023 new reveal columns for the Chrysler brand. Car and Driver believes the Airflow could be one of Chrysler's new debuts in 2024. The automaker hasn't offered any details, so the most that can be done with the Airflow is to examine the pieces that Stellantis had already spoken of and see which ones fit. The OEM filed a trademark application for the Airflow name in 2019 and 2021. C/D thinks the five-seat production vehicle will ride on STLA Medium platform and be about the size of the Ford Mustang Mach-E and Volkswagen ID.4. The STLA Medium architecture will serve premium offerings for the C and D segments, will fit battery backs between 87 kWh and 104 kWh and two sizes of e-motors — a smaller motor producing from 168 to 242 horsepower, and a bigger motor putting out anywhere from 201 to 443 hp. Maximum range could be as much as 440 miles, depending on battery and motor combination. The platform slots between the STLA Small and STLA Large, a fourth STLA Frame platform serving trucks and vans.  Just before a four-minute video segment that showed Stellantis CEO Carlos Tavares driving the Airflow, the automaker's head of software said, "It's closer than you think and more than a pure concept." The video shows a range of screens lining the instrument panel, plus a couple more in the back, as well as what look like plush materials and the obligatory panoramic sunroof. With the company aiming to hit 20 billion euros ($22.7B U.S.) in revenue from software by 2030, it said, "The Chrysler Airflow Concept shown in the Stellantis Software Day presentation represents the future of connected vehicles." The first we'll see of that could be the three new software platforms planned to roll out in 2024, all of them powered by AI. CES 2022 isn't far off, and Stellantis has told us there's a big announcement for 2022.

Chrysler touts Pacifica Plug-in minivan's lower emissions

Put the words "Chrysler" and "minivan" together, and the concept of lower greenhouse-gas emissions may not immediately come to mind – especially given today's news about FCA sister brands Ram and Jeep. Among mass-market automakers, Chrysler and its sister companies (namely Dodge and Ram) have long lagged its competitors in fuel economy, with little in the way of drivetrain electrification. Now, though, Fiat Chrysler says it's taking steps to make some green-vehicle progress via its new Chrysler Pacifica Plug-in Hybrid minivan. Namely, the automaker says the minivan, which can go 33 miles on electric power alone, generates 31 percent less emissions than previous-generation Pacifica, and 24 percent less than the 2017 model-year gas-powered variant. The Pacifica Plug-in, which will be the first hybrid minivan to be sold in the US, has a fuel-economy rating of 84 miles per gallon equivalent, and can go as far as 566 miles on a full tank and full electric charge. That full charge takes about two hours with a 240-volt charger, and 14 hours from a standard, 110-volt outlet. That means that over the lifecycle of the vehicle (estimated at 120,000 miles), the plug-in minivan, which will compete against models such as the Toyota Sienna and Honda Odyssey, may cut emissions by 21 metric tons of carbon dioxide relative to the gas-powered version. That is the equivalent to the annual emissions of about 22 US households, or, as Chrysler put it, 14 commercial flights to Los Angeles from Detroit. Chrysler is pricing the minivan at about $43,000 (or about $35,000 once the $7,500 federal tax credit for plug-in vehicles kicks in) and will start selling the model by the end of March. Take a look at Autoblog's First Drive impressions here. Related Video: Featured Gallery 2017 Chrysler Pacifica Hybrid: First Drive View 19 Photos News Source: Fiat Chrysler via Green Car Reports Green Chrysler Fiat AutoblogGreen Exclusive Emissions Fuel Efficiency Minivan/Van Hybrid chrysler pacifica