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Toyota tops Kelley Blue Book's Resale Value Awards

Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren't too surprised to see the list dominated by Japanese automakers - mainly Toyota and Honda. KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB's Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards, and there were many similarities between both lists, especially when it came to Toyota.
To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche (Cayenne and Panamera) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it's that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt, respectively.
The overall top 10 models for the best resale value in 2013 are, in alphabetical order:

2018 Jeep Grand Cherokee Trackhawk Drivers' Notes | Haulin' the groceries

Powered by the same supercharged Hemi at the heart of Dodge's Hellcat cars, the 2018 Jeep Grand Cherokee Trackhawk is the sort of vehicle that comes from a " Why not?" attitude from the maniacs at SRT. It's not for the faint of heart, nor for the cash-strapped. With 707 horsepower and 645 pound-feet of torque, it's capable of a 0-60 sprint of just 3.5 seconds. Its base price, however, is $86,995, though our tester's sticker totaled just a few bucks shy of $100,000. Senior Editor, Green, John Beltz Snyder: "What business does a Jeep have going 0-60 in 3.5 seconds?" This was my thought as I merged into rainy rush-hour traffic on Woodward Avenue in the 2018 Jeep Grand Cherokee Trackhawk. "Why does an SUV need to have 'Track' in the name?" I thought as I unintentionally broke the tires loose pulling away from a stoplight. I hit the "Eco" button, but the Jeep still roared with every toe-tap, and still managed to gulp down nearly a quarter of a tank of gas on my ride home. That sound, though, is amazing, and surely more unsettling to other drivers coming from such a big beast of a ute. Anyway, this Jeep feels more grown-up than other Hemi-powered vehicles I've driven. The fit and finish in this $99,000 Jeep is far nicer than, say, the Dodge Durango SRT (though at a much higher cost). If another driver didn't pay close attention to the badging, they might see this and think it just another Jeep. The sound, though, will give it away every time. Associate Editor Joel Stocksdale: If Fiat-Chrysler knows how to do anything, it's making fast SUVs, and the Grand Cherokee Trackhawk is further proof of that. And by that I mean, they know how to make them fast, and they know how to make them pleasant to drive. The Trackhawk definitely handles the fast part better than its SRT Durango and SRT Grand Cherokee cousins, what with its extra 230-odd horsepower. This big beast seriously rockets when you punch the throttle. The nose rises up, the supercharger screams, the exhaust rumbles and the speedometer ticks up much faster than you'd ever think. And it feels strong at all revs. Also impressive is that you don't have to really think when flooring it. The all-wheel-drive and fat tires offer so much grip the Jeep simply goes. The pleasant to drive part comes in the fact that the Trackhawk is very comfortable. The suspension has plenty of give, providing a good ride over pockmarked Motown roads.

Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says

  MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.