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Cars selling highest above MSRP and lowest below MSRP

Automakers have returned to offering incentives and promoting new vehicles after a few years of tight inventory and elevated prices. Despite that, prices are still higher than they should be, as a new iSeeCars study found that the average new car is priced above MSRP, though they’re slightly less painful than they were a year ago. iSeeCars found that the average new car price has been marked up to 7.2 percent above MSRP, down from 8.9 percent a year ago. Interestingly, the five most overpriced cars came from two premium brands, while four of the five priced the lowest below MSRP were EVs. New cars selling highest above MSRP Mini Hardtop: 25.5% above MSRP Porsche Taycan Sedan: 23.1% Porsche Cayenne: 21.9% Porsche Macan: 21.3% Porsche Taycan Wagon: 20.9% Cadillac CT5-V: 20% Porsche 718 Boxster: 19.9% Toyota Corolla Cross Hybrid: 19.4% BMW X3 M: 19.4% Cadillac CT4-V: 19.3% Porsche, Mini, and Genesis were the three most overpriced brands overall, with Buick, Acura, and Infiniti landing as the lowest-priced brands. Electric vehicles dominated the list of the 10 most-discounted vehicles: New cars selling lowest below MSRP Hyundai Kona Electric: -4.6% VW ID.4: -3.6% Ford F-150 Hybrid: -3.3% Kia EV6: -2.5% Hyundai Ioniq 6: -2.4% Nissan Maxima: -2.2% Chrysler Pacifica PHEV: -2% Nissan Ariya: -1.9% Hyundai Ioniq 5: -1.9% VW Arteon: -1.8% Those numbers align with what we saw in the market last year, as EV sales grew, but far slower than many had hoped. iSeeCars executive analyst Karl Brauer said. (For a sense of that, you can look back at our coverage of most marked-up cars and most discounted cars from 2023.) “The market appears to have reached a saturation point for electric vehicles," Brauer said, "with both prices and sales struggling compared to a year ago. The high cost of full-size trucks and SUVs, along with the cost of fueling them in the face of inflation and reduced consumer spending power, has dampened demand for these notoriously pricey vehicles.”

Some younger drivers relish the idea of stick shifting

Part way into the 21st Century, obsolescence isn’t what it used to be, especially in the minds of younger consumers; consider the renaissance of vinyl records and film cameras. To that list, add the automobileÂ’s stick shift. Manual transmissions are no longer just about lower car purchase prices, better fuel economy or more control on the road. TheyÂ’re about being hip. At least, thatÂ’s part of the thesis offered in a recent article in The Wall Street Journal. “The 20-Somethings Fueling a Stick-Shift Renaissance”  examines a modest but real resurgence in the sales upticks of manual-equipped cars, and focuses on the enthusiasm of younger people to acquire them, and the challenges—no longer so challenging—of learning bow to drive them. But, as readers of Autoblog have learned in recent years,, the future of manuals, as author Rachel Wolfe succinctly points out in the Journal piece, is essentially doomed in the longer term. Blame the electric vehicle. She writes that car makers sold 43 different manual models in 2022, according to J.D. Power, compared with 69 in 2019. “While a few EVs do have more than one gear,” she says, “auto makers are still figuring out how to translate the experience of maneuvering a manual to their electric car lineups. ‘’ Did we mention “doomed”? But Ms. Wolfe does offer some positivity. “MINI just opened a manual driving school of its own at the BMW Performance Center in Thermal, Calif.,” she writes. “A January company survey of just over 1,000 drivers found that two-thirds of 18-to-34-year-olds are eager to learn how to drive a manual, versus 40% of older respondents who donÂ’t already drive stick.” The author quotes a couple of drivers who became enamored of manuals, including a teenager from Ohio who took his driving test with a manual. “I thought it was cool to learn how to drive on a stick, just because I could tell my friends that I was a better driver than them,” he says. She also visits the other side of the issue, talking to a 24-year-old, who said that she found the stick “cool,” but only until “her leg grew sore from the clutch as she navigated traffic commuting back and forth from law school every day in Tampa, Fla.  ‘I think they are very fun to drive for about two hours, and then youÂ’re like, OK, I would like to put it away and just drive like a normal person again.’’” The full article is available online here.

Mini Aceman debuts at Beijing Auto Show as a little, all-electric crossover

This here is the totally new Mini Aceman, and it’s an all-electric, Mini crossover. Splitting the size difference between the properly mini Mini Cooper and large Mini Countryman, it fills the space previously occupied by the now-discontinued Clubman, but does so without a gasoline-powered option (or cute barn doors in the rear). Before we get ahead of ourselves, though, MiniÂ’s made clear that the Aceman is not yet confirmed for U.S. sales, and the global debut itself just took place at the Beijing Auto Show. So, as of now, this little EV is definitely destined for international markets, but weÂ’ll need to wait and see if Mini sees fit to bring it here.  Two versions will hit the market initially, the Aceman E and the Aceman SE. The base E is fitted with a single electric motor good for 184 horsepower and 214 pound-feet of torque, enough for a 0-62 mph time of 7.9 seconds. It also gets a 42.5-kilowatt-hour battery pack that Mini says gives it a 192-mile range on the optimistic WLTP test cycle – fast charging peaks at 75 kW in this model. Meanwhile, the Aceman SE gets a more potent electric motor good for 218 horsepower and 243 pound-feet of torque, reducing its 0-62 mph time to 7.1 seconds. The SE also gets a larger 54.2 kWh battery pack, increasing range to 252 miles on the WLTP cycle – it charges better than the E, too, peaking at 95 kW. Do note that both versions would cover much less ground on the EPA test, which is a more realistic barometer for real-world driving than the WLTP test. Coming in about 14 inches shorter and three inches narrower than the big Countryman, the Aceman is bound to be a more fun-to-drive and cheaper EV. We donÂ’t know much about its underpinnings now, but Mini says its suspension, steering, powertrain and braking systems are all tuned with fun driving in mind. Its outward appearance isnÂ’t a replica of, but closely follows the design direction proposed by the Aceman Concept back in 2022. Many elements weÂ’ve seen in the new Cooper and Countryman apply here, too, such as the customizable light patterns, flat surfacing and general minimalism to the styling. Wheel options between 17-19 inches will be available, and four different trims with varying styles will be, too. One of those four will be a JCW trim, but itÂ’s not meant to be a performance model, instead sticking to sporty appearance add-ons like a Chili Red roof and hood stripes alongside high-gloss black accents all around the exterior.