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Luxury car brands scrambling to avoid a blue Christmas

DETROIT — When financial markets surge to new records, sales of luxury cars usually rise, too. Instead, October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating. Consumers have gradually shifted over to luxury sport utility vehicles from sedans in the past decade, but the trend — which has occurred in both the non-luxury and luxury sedan segments of the auto market — was particularly pronounced in October. Sales of Daimler AG's Mercedes-Benz S-Class, long a global benchmark for large, premium sedans, plunged 49 percent in October, and are down 24.8 percent for the year to date. General Motors' Cadillac brand said it sold just 779 of its CTS sedans in October. Demand for that car, designed to compete with German luxury sedans, is down nearly 33 percent for the year. "There's still a significant portion of the market that wants a car, but I'm sure there were people who preferred a horse to a car at one point." Cadillac's best-selling model this year is the XT5 compact SUV, which has more than doubled sales from a year ago. The shift within the luxury vehicle market away from sedans toward SUVs of all sizes is forcing some of the most prestigious brands to scramble to add SUV models to their lineups or boost SUV production to meet demand. "In the short term, there will be pressure to add (consumer) incentives, cut production or both," said Cox Automotive analyst Michelle Krebs. "And we just don't see an end in sight to this trend." The Dow Jones Industrial Average has been trading at all-time highs, usually a good sign for luxury sedans, but as major automakers reported new U.S. vehicle sales for October on Wednesday, sales for passenger cars continued their slide while luxury SUV and crossover sales rose again. According to Kelley Blue Book data, in 2007 luxury sedans made up 7.6 percent of U.S. new vehicle sales, while luxury SUVs made up 4.2 percent. Through September this year, luxury SUVs made up just over 7 percent of the market, compared with 4.9 percent for luxury sedans. In the short term, luxury brands could use holiday season sales promotions to clear slow-selling sedans off dealer lots, analysts said. Toyota's Lexus brand said on Wednesday it will launch its "December to Remember" year-end sales promotion for the 18th straight year.

2021 Cadillac Escalade Super Cruise Review | Road trip royalty

There is no better road trip vehicle on sale today than a Super Cruise–equipped 2021 Cadillac Escalade. So long as you have the money to put fuel in it, the Escalade will reward you with the most relaxing and comfortable experience in the business. ItÂ’s simple, really. Sitting back and not having to even worry about touching the steering wheel or pedals for hundreds of miles at a time does the trick. Every other driving-assistance system out there requires some degree of steering wheel interaction — even TeslaÂ’s Autopilot — but CadillacÂ’s ingenious driver-monitoring system solves the problem. You might be wondering why IÂ’m writing a full review dedicated solely to Super Cruise. To answer your question, itÂ’s because GM just rolled out its biggest update to the system ever. I also was planning to drive from Michigan to Buffalo, N.Y., which would put it through a lengthy highway test over a route that is almost entirely Super Cruise compatible — remember, Super Cruise only works on highways that GM has mapped with LiDAR technology.  Super Cruise launched in the Cadillac CT6, a model that is no longer in the Cadillac lineup. This updated, next-gen Super Cruise is rolling out in multiple new Cadillacs, as well as Chevys and soon GMC products, too. Its first home, though, is in the recently redesigned Cadillac Escalade, a perfect product to showcase the systemÂ’s impressive abilities. So, whatÂ’s new? The big feature update is something called “Lane Change on Demand.” Just tap a turn signal stalk with the system activated, and the Escalade will change lanes all on its own. A little graphic pops up in the instrument cluster that says the car is “looking to make sure itÂ’s safe.” It then begins to move over. Once itÂ’s done, another graphic informs you that the lane change was successfully completed.  Moving over one lane takes about twice as long as a human driver would, but exercising caution with automation seems like a wise move. Changing lanes mid-curve works just fine on gentle turns. The Escalade will attempt to change lanes on tighter-radius curves, but it took more than 10 seconds to complete the change on a couple occasions, which just doesnÂ’t feel safe or inspire confidence. I did encounter one big issue with the auto lane-change system, but it was unrelated to the systemÂ’s performance. A “check right rear turn lamp” warning popped up about 100 miles into the trip.

Kia Seltos, electric Cadillac and a looming Bronco | Autoblog Podcast #615

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder, and Associate Editor Byron Hurd makes his ABP debut. This week, they start with the cars they've been driving: the Jaguar XE, Kia Seltos, Hyundai Venue and Ford Escape. Then they dig into the news, including an upcoming Cadillac EV, Lincoln and Chevy sedans and the Ford Bronco. Finally, they help a listener replace his Jeep Patriot in the Spend My Money segment. Autoblog Podcast #615 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: Jaguar XE 300 R-Dynamic S Kia Seltos Hyundai Venue Ford Escape Cadillac bringing EV to New York Auto Show Chevy and Lincoln dealers say they still want sedans Ford tells dealers the Bronco is weeks away from its global debut Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: 2020 Ford Escape 2.0T #POV drive