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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Wards names its 2015 10 Best Interiors list

Wards Automotive has named the winners of its 10 Best Interior awards, covering a wide but affordable array of vehicles. Where last year's list contained two six-figure vehicles, including the $372,800 Rolls-Royce Wraith, this year's is, well, a whole lot more reasonable. The publication lists the Mercedes-Benz C400 at $65,000 (which seems off), making it the most expensive vehicle here. That said, we'd argue that the entire C-Class line deserves to make this year's list, owing to its varied and high-quality selection of materials. The other vehicle to break the $60,000 mark, meanwhile, is the $60,675 Ford F-150 King Ranch, which has 327,000 pounds of leather lining its interior. Only one other German car, the BMW i3, and one other pickup truck, the GMC Canyon, managed to make this year's list. Here's the full list of this year's winners: 2014 BMW i3 ($52,550) 2015 Chrysler 300C Platinum ($51,175) 2015 Ford F-150 King Ranch ($60,675) 2015 GMC Canyon SLT ($40,465) 2015 Honda Fit EX-L ($21,590) 2015 Jeep Renegade Limited ($33,205) 2015 Kia Sedona SXL ($43,295) 2016 Mazda6 Grand Touring ($33,395) 2015 Mercedes C400 ($65,000) 2015 Nissan Murano SL ($41,905) See what we mean about the mainstream vehicles? Not only is there a distinct lack of luxury brands, it's the price of some of the vehicles that surprise. The Honda Fit, Jeep Renegade and Mazda6 are very reasonably priced, especially when you compare Wards price with the starting price. The Renegade Limited starts at less than $25,000, the Mazda at less than $22K and the Fit at under $16,000. Head over to Wards for a more detailed explanation of why each vehicle won. Featured Gallery 2015 Ward's Automotive 10 Best Interiors View 10 Photos News Source: Wards Automotive BMW Chrysler Ford GMC Honda Jeep Kia Mazda Mercedes-Benz Nissan Truck Crossover Hatchback Sedan nissan murano gmc canyon Interior jeep renegade WardsAuto kia sedona wards 10 best interiors mercedes c400

2018 Jeep Wrangler Rubicon Alaska Cannonball | The other Trans-America Trail

In 1941, when America needed heroes, Jeep answered the call. – "Jeep Joe" Sarette, Sales Associate, Outer Banks Jeep Chouteau, Okla. – Whoever's in charge of rain hates North Carolina. At least, that's what I thought two weeks ago, during the opening stages of my 14,000-mile overland trek in a Jeep Wrangler Rubicon, as rain pursued me from the Oregon Inlet National Park Campground on North Carolina's Outer Banks to the western edge of the "First in Flight" state. Then the rain traveled the Trans-America Trail with me through Tennessee, Mississippi, and Arkansas. When I arrived at the Love's Truck Stop in Chouteau, Oklahoma a few hours ago, it was raining. And it still is. And you know what? Don't care. Nearly three weeks into this wet and windy Rubicon Alaska Cannonball, there's but one word to describe it: supercalifragilisticexpialidocious. I hustled from Southern California to Atlanta, Georgia in two days. In the ATL I stuffed my gear in the Jeep, stuffed my face with Waffle House, and squeezed in a side trip to The Jeep Collection at Omix-ADA. Any Jeeper who ends up in the Atlanta area should make time for a visit. It's not huge, but it contains original and vital specimens of Jeep DNA, meticulously and colorfully explained by tour guide Dave Logan. And Logan was kind enough to loan me his personal snatch block since I'd somehow managed to forget that item in my recovery kit. Four days later, I departed for Oregon Inlet. That was the start of my Trans-America Trail, but I need to clarify that I'm not on original Trans-America Trail. The one most people know and read about was stitched together over a decade by a motorcycle rider named Sam Correro. When I researched this trip, Correro's trail didn't cross the country. It started in Tennessee. A little more Internet digging turned up another trans-America trail put together by another motorcycle rider called GPSKevin. His route starts further south in the Outer Banks, in Buxton, and covers similar local ground to Correro's trail all the way to Port Orford. I'm taking Kevin's route, but only because when I found it, it crossed the country and Correro's didn't. I'm going to refer to Kevin's trail as the TAT for simplicity.