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Krafcik says US Gov. shutdown is slowing Oct. auto sales

The government shutdown is eroding consumer confidence in the auto market, says John Krafcik, CEO of Hyundai's US sales unit, and could lower October sales by as much as 10 percent, Automotive News reports. "It's that anxiety that keeps customers, potential buyers, on the sidelines when making a big purchase like an automobile," Krafcik says, adding that industry sales could be off by five to 10 percent in October compared to September.
The fourth quarter, which started October 1, usually consists of increased auto sales as dealerships clear their lots to make room for the next year's models. Leading up to the fourth quarter this year, the auto industry was doing well in the fragile, recovering US economy, although September deliveries decreased by 4.2 percent, due in part to this year's Labor Day sales being recorded for August.
To help its customers, Hyundai announced it is deferring new-car loan and lease payments for furloughed federal workers until they're called back to work and also offering them a three-month payment deferral if they buy a new Hyundai in October. "We have already had requests from over a thousand people to have their payments deferred," Krafcik says.

2023 Lexus RZ 450e teased one last time before 4/20 reveal

The reveal of the 2023 Lexus RZ 450e is just around the corner, and Lexus has released one final teaser before all the specs and details are made available. It’s a shot of the rear, highlighting the full-width rear LED taillight signature. Despite Lexus making a number of changes, thereÂ’s no hiding the resemblance to the vehicle this one is based on: the Toyota bZ4X. WeÂ’ve already seen a couple of teasers of the RZ 450e, showing it with an available yoke style steering wheel. Plus, Lexus essentially showed us an unvarnished look at the front, revealing the lack of a giant spindle grille. What weÂ’re waiting for now are the specs and features that will separate the Lexus from the Toyota and Subaru versions of this car. YouÂ’ll be able to tune in on April 20 at 6 a.m. ET to see the reveal happen live, and then you can read all about it on Autoblog directly after. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Lexus: Let's Play

Lexus opted to air a second ad during the 2015 Super Bowl, this time featuring its 2015 RC350 coupe. There is much drifting, both with a remote-controlled RC (yes, an RC RC, which is kind of the whole joke) and the full-sized, 306-horsepower coupe. It's a fairly creative spot and entertaining spot, so give it a look. You can check out our impressions of the new RC in our comprehensive First Drive.