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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

BMW X7 rumored to get BMW's best interior, 130,000-euro price

Spanish outlet Motor.es has some info on the coming BMW X7, the sport activity vehicle that will take the Munich brand to the penultimate SUV segment. Unnamed sources said BMW has been working on both the X7 and the future Rolls-Royce all-terrain vehicle for almost two years, and that in BMW guise it will ride on the CLAR (CLuster ARchitecture) platform that will make an appearance later this year under the new 7 Series. The Rolls-Royce, on the other hand, will get its own aluminum spaceframe. The two vehicles will share components, though, which are now being tested. Running gear and engines will borrow from the X5 and X6 tool chests, with rear- and all-wheel-drive configurations mooted and engines ranging from the TwinPower 3.0-liter six-cylinder to an uprated version of the 6.0-liter V12 in the 760iL. The 4.4-liter V8 is mentioned as the middle child and perhaps the base for an X7 M, should one be made. A plug-in hybrid offering could swipe the unit from the X5 xDrive40e PHEV, good for 55MPGe in that current application. The interior, we're told, will be the nicest seen on any BMW, said to surpass that of the new 7 Series. We'll have to wait two years to find out how close all of that is to the mark, but the tidbit that might need some salt sprinkled on it right now is the predicted price: Motor.es says 130,000 euros in Europe, to start. That's not the first time a sky-high price has been predicted, but a leap that far beyond the six-figure mark would readjust all of our expectations for the vehicle when an X5 cost 53,700 euros in France and an X6 costs 70,900 euros. Other outlets predict US pricing to start from around $60,000; the X5 costs $53,900 here, the X6 is $59,600.

The BMW 2002 Hommage is a retro concept done right

BMW has been building hommage cars for years now. They're teases that let us know the designers remember what was great about BMW design past, even if that's not always obvious in the new cars. The latest tribute car is this 2002 Hommage, which makes its debut at the Concorso d'Eleganza at Villa d'Este this weekend. Like past hommage cars, the 2002 is more about design than mechanicals. BMW doesn't even mention what theoretically powers this car, and frankly we don't care. There are clues, however, from the classic livery, which includes an M tri-color front splitter with "obrut" ghosted over it, similar to the reversed text on the original '02 Turbo. We'll guess it's a powerful turbocharged engine under the hood, whatever the specifics are. View 17 Photos Neat details abound. There's a carbon-fiber band at the beltline that is supposed to recall the original 2002's chrome trim. The greenhouse is more slick 2 Series than boxy '02, and the flared-fender goodness is a definite nod to the homologation 2002 Turbo. The off-center roundel at the tail is another nice 2002 touch. We're into the ducktail spoiler out back, and, although not quite '60s-specific, the snowflake wheels are pretty great. Even the lighting elements are retro-tinged. The headlight lenses have a gold hue since this is the golden anniversary of the 1966 model. There are also separate turn-signal units embedded above the headlights, here stuck into a piece of carbon trim. Of course, this hommage is likely nothing more than eye candy. BMW uses them more as design exercises than forecasts of future styling. It's good daydream fuel, at least. Image Credit: BMW BMW Coupe Concept Cars Performance villa deste concorso deleganza villa deste bmw 2002 bmw 2002 hommage