2013 Model S 60 on 2040-cars

Auto blog

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.

The Tesla Model S was the best-selling EV of 2015

According to numbers crunched over at Hybrid Cars, the Tesla Model S was the best selling pure electric vehicle last year with 50,366 deliveries. These numbers might not tell the whole story, since Tesla reports deliveries made in 2015 that might have been sold in a different calendar year, while other makers are tallying sales. However, it's inarguable that the Model S ended up in more worldwide driveways than the second-place Nissan Leaf, which did about 43,000 sales. In the US alone, Leaf sales were down 42.8 percent year-on-year, from 30,200 in 2014 to 17,269 last year, and that decline also increased throughout the year. That marks a great finish to a great start to 2015, when Tesla took the lead in EV sales in the US for the first quarter. On top of that, as of last year the Model S becomes the second-best selling EV ever, with 107,148 deliveries since the middle of 2012. It trails the Nissan Leaf, with well over 200,000 worldwide sales. The Chevrolet Volt/Opel Ampera combo takes a close third, with about 106,000 sales. The Nissan and Chevy rivals both launched at the end of 2010, a 16-month head start on the Tesla. Down the charts, the Mitsubishi Outlander PHEV which continues to be forbidden fruit for our market notched 39,000 sales. The BYD Qin PHEV sold 31,898 examples in China, and BYD would take the overall victory from Tesla with 58,728 deliveries if you counted all of its EV and PHEV production, such as its electric buses. The BMW i3 nabbed fourth place with 24,057 global sales. In 2011 the Munich automaker said it wanted to sell 30,000 i3s annually by 2014, but by the time the car launched the company considered 15,000 annual sales 'great for now,' so the 2015 number seems a fine place to wind up. Related Video: News Source: Hybrid Cars Green BMW Chevrolet Mitsubishi Nissan Tesla

Recharge Wrap-up: Will.i.am's custom Tesla, Mahindra's Formula E livery

Take a look at Will.i.am's custom Tesla Model S caught on video in the wild in Beverly Hills. The over-the-top body kit comes from Black Eyed Peas member's own so-called car company, IAMAUTO. The deep-dish wheels appear to recede into nothingness, and the placement of the handles gives away the car's suicide rear doors, which a valet opens slightly at one point in the video. Overall, the custom job gives the EV a wide, low, and extremely chunky look. The man behind the camera gets a good view from a variety of angles, though whether there is actually a good angle for this particular Tesla is up for debate. Check it out in the video above, and read more at Teslarati. 1,635 Smart cars traveled in a parade through Hamburg, Germany as part of Smart Times 2016. At the 16th such gathering of Smart enthusiasts and their vehicles, the group beat the former world record of 1,427 parading cars at Smart Times 2014 in Cascais, Portugal. In addition to meeting with like-minded fans and showing off their fuel-sipping and electric runabouts, Smart Times attendees had the opportunity to test drive new models, talk to designers and tuners, enjoy live music, and meet beach volleyball players Laura Ludwig and Kira Walkenhorst, who arrived in a golden Smart Fortwo Cabriolet. There will be yet another opportunity to set a new record next year, when the Smart community will descend upon Salou, Spain. Read more from Daimler. ChargePoint is offering 10 percent off its ChargePoint Home EV charger. In honor of National Drive Electric Week, the deal on the 32-amp charging station is good until September 18, 2016. ChargePoint Home comes in hardwired and plug-in versions with either an 18- or 25-foot cable, and is for sale on Amazon. Read more from ChargePoint. Mahindra Racing has new livery for the third season of Formula E. The livery for the team's M3Electro racecar debuted at Donington Park for the first round of preseason testing. Mahindra held an online contest called #DrivenByDesign to choose its new look, with the winning design created by Spanish artist Adria Haro Jorba. Pininfarina Chief Designer Fabio Filippini chose Haro Jorba's design, which visualizes the car's aerodynamics and makes use of India's national colors. Learn more in the press release from Mahindra Racing.