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China's largest dealer body pushes back against foreign automakers over huge inventories

Do not think for a second that automakers forcing inventory on dealers in order to pad the numbers is a ruse known only in the US. Stories of individual brands have hinted at the trouble Chinese dealerships are having trying to move units as the country's economic growth remains hot but comes off the boil, like the one revealing that 95 percent of Toyota-FAW showrooms are losing money. Yet Toyota isn't the only culprit, and the issue has become so dire that the China Automobile Dealers Association (CADA), the largest dealer body in the country, has written to the government to complain. Chinese car sales are expected to close out the year with an annualized growth of six-percent, down from last year's 14 percent when targets were set, while in the background the pace of overall economic expansion is the slowest its been since the early nineties. Automakers, shipping cars on schedule to make their earlier targets, have blown up inventories such that they are an average of 1.8 times monthly sales, when the preferred multiplier is from 0.9 to 1.2. According to the CADA, the price wars and necessary incentives mean that only 30 percent of dealers are operating in the black. That number is down a whopping forty percent since 2010. In response, Toyota has already said it will not make its 2014 target of 1.1 million cars sold. We're a long way from 2012, when Toyota planned on selling 1.8 million cars in China in 2015, a target that's now as realistic as a manticore. BMW, Honda and Nissan have erased numbers on their spreadsheets, too; BMW growth dropped from 20 percent to 8 percent midyear after it began "reducing wholesale supplies," and Honda has been reworking its plans as sales have decreased each of the past six months. It's a big deal for Chinese dealers to begin protesting publicly, the CADA saying, "In the past, dealers were angry, but dared not speak out. But now, they have to shout because the situation is getting so unbearable." With six-percent growth forecast for next year and dealers unwilling to remain underwater, The Year of the Sheep coming in 2015 could portend meaning beyond the zodiac. News Source: ReutersImage Credit: AP Photo/Andy Wong BMW Honda Nissan Toyota Car Buying Car Dealers

2016 BMW M4 GTS: More power, less weight, ready for the track

BMW calls its new M4 GTS the "most agile, radical, and powerful M4 ever." It's got 493 horsepower, a slick new water injection system, a three-way adjustable coilover suspension, and a weight reduction of roughly 200 pounds compared to a stock M4. Only 700 will be built, with 300 allocated for the United States. And did we mention it looks absolutely killer? Let's talk about that water injection system for a moment, because it's the first time this technology is being used on [an intercooled - Ed.] production road car. Basically, water absorbs heat from surrounding air, so a fine mist is sprayed into the intake manifold where it evaporates, lowering the temperature of the intake air. BMW says this reduces final compression temperature, allowing the turbochargers to operate with increased boost pressure and better spark timing. The end result is increased output – 493 horsepower and 442 pound-feet of torque from the same twin-turbo, 3.0-liter straight-six as the standard M4. That's an increase of 68 hp and 36 lb-ft. But the GTS isn't just about increased power. In fact, the bigger story is its weight reduction. BMW incorporated the use of aluminum and carbon fiber throughout the M4's construction, and DIN curb weight is listed as 3,329 pounds. It's unclear if that's the exact US measurement, and BMW couldn't comment on that as of this writing, but compared to our 3,530-pound stock M4, that represents some 200 fewer pounds of heft. Carbon fiber reinforced plastic (CFRP) is used in the hood, making that part some 25 percent lighter than the stock piece. CFRP is also used for the driveshaft, making it 40-percent lighter than the standard setup. Even inside the car, the new center console is 30-percent lighter than what you'd find in a normal M4. The rear seats are gone, and we're sorry to say that the cool racing buckets pictured here won't be available in the US. Making this thing super capable at the track is a three-way M coilover suspension, combined with upgraded carbon ceramic brakes, set behind staggered wheels and tires. Up front, the GTS rides on 19-inch rollers wrapped in 265/35-series Michelin Pilot Sport Cup 2 tires, and out back, 20-inch wheels are fitted inside 285/30-series rubber. The only transmission available is the seven-speed, M DCT dual-clutch unit, and when all is said in done, BMW says the M4 GTS will run the infamous Nurburgring Nordschleife in 7 minutes and 28 seconds. Another cool feature: organic LED technology.

BMW pays tribute with Z4 racing livery

Whether it's from Martini or BMW, there's something that makes us a little weak in the knees when we see a racing livery of dark blue, light blue and red stripes over white. Like the one on this BMW racer that will compete at Sebring next weekend. Presented alongside its spiritual predecessor at Amelia Island this weekend, this BMW Z4 GTLM has been decked out in a throwback version of the Bavarian automaker's iconic color scheme. It's a tribute to the BMW 3.0 CSL that scored the marque's first victory at the legendary Floridian endurance race 40 years ago and even wears the same number 25. It's as good a reason as any to bring back a racing livery we love, but then we'd probably take just about any occasion to appreciate it anyway. 40 years after the first win in Sebring: BMW presents anniversary design of the BMW Z4 GTLM for the 12-hour race. Munich (DE), 14th March 2015. On 21st March, BMW Team RLL will contest the 63rd staging of the legendary 12-hour race of Sebring (US) in the US state of Florida. The endurance classic is also the second race of the 2015 United SportsCar Championship (USCC). BMW Motorsport and BMW of North America celebrate a special anniversary on their return to Sebring this season: 40 years ago, BMW Motorsport got its first Sebring victory, with the BMW 3.0 CSL. In honour of that success, the two BMW Z4 GTLMs of BMW Team RLL will sport special designs as they compete on the "Sebring International Raceway". Car number 25 will carry the colours of the winning BMW 3.0 CSL of 1975. At an unveiling ceremony, which was part of the "Amelia Island Concours d'Elegance" in northern Florida, BMW of North America presented the anniversary design of the vehicles to the public for the first time. Many of the successful heroes of that time took the opportunity to attend the presentation. Forty years after the historic victory, then winners Brian Redman (US), Sam Posey (US) and Hans-Joachim Stuck (DE) were reunited on Amelia Island. Jochen Neerpasch, the first managing director of BMW Motorsport GmbH, and BMW Motorsport Director Jens Marquardt were also among the guests. They all had front row seats as current BMW Team RLL driver Bill Auberlen (US) completed the first presentation laps in the BMW Z4 GTLM with the anniversary design. 1975 was a significant year in the history of BMW in North America: BMW of North America was founded, and just a few days later came the historic first victory with the BMW 3.0 CSL in Sebring.