2024 Ram 2500 Laramie on 2040-cars

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Trucks, SUVs — and Camry — shine in mixed U.S. January vehicle sales

DETROIT — Automakers posted mixed U.S. new vehicle sales data for January, with American consumers continuing to abandon passenger cars for the larger pickup trucks, SUVs and crossover models that manufacturers also love because they are far more profitable. Total industry auto sales for the month rose 1 percent versus January 2016. According to Autodata Corp, which tracks industry sales, the seasonally adjusted annualized rate (SAAR) of U.S. car and light truck sales in January fell to 17.12 million units from 17.44 million a year earlier. Analysts polled by Reuters had expected a January SAAR of 17.2 million units. U.S. auto industry sales fell 2 percent in 2017 to 17.23 million vehicles after hitting a record high in 2016 and are expected to drop further in 2018 despite a solid economy. Interest rates are rising and around 4 million late-model used cars will return to dealer lots this year to compete with more expensive new ones. Automakers have used consumer discounts to boost sales, a growing concern for observers who say this undermines resale values and profits. Discounts declined in January, but remained above 10 percent of manufacturers' recommended prices. ""I think the industry has accepted that (sales) volumes will fall somewhat in 2018 ... and I don't think the industry is going to go over the cliff with insane incentives," Mike Jackson, chief executive officer of AutoNation Inc, told Reuters after his company, the largest U.S. auto retail chain, posted a higher quarterly net profit. Mark Wakefield, head of the North American automotive practice for consultancy AlixPartners, had a gloomier perspective. The industry's less-than-stellar sales performance for January showed "we are now past the peak," he said. "Automakers are now selling the deal instead of the vehicle," he said. "That's a tough spot to be in because that treadmill is hard to get off once you're on it." General Motors January sales rose 1.3 percent, driven by a 16 percent rise in fleet sales. Sales to consumers fell 2.4 percent. GM posted strong gains for models such as the Silverado pickup truck and Equinox crossover model, while its passenger cars continued to struggle. Ford The Blue Oval posted a 6.6 percent sales decline for January, with retail sales down 4.3 percent. Sales of Ford's F-Series pickup trucks - America's best-selling vehicle brand for decades — rose 1.6 percent. Passenger cars were down more than 23 percent.

Auto Mergers and Acquisitions: Suicide or salvation?

We love the Moses figure. A savior riding in from stage right with the ideas, the smarts, and the scrappiness to put things right. Alan Mullaly. Carroll Shelby. Lee Iacocca. Andrew Carnegie. Steve Jobs. Elon Musk. Bart Simpson. Sergio Marchionne does not likely view himself with Moses-like optics, but the CEO of Fiat Chrysler Automobiles recently gave a remarkable, perhaps prophetic interview with Automotive News about his interest and the inevitability of merging with a potential automotive partner like General Motors. Marchionne has been overtly public about his notion that GM must merge with FCA. For a bit of context, GM sold 9.9 million vehicles in 2014, posting $2.8 billion in net income, while FCA sold 4.75 million units and earned $2.4 billion in net income, painting a very rosy FCA earnings-to-sales picture. But that's not the entire picture. Most people in the auto industry still remember the trainwreck that was the DaimlerChrysler "merger" written in what turned out to be sand in 1998. It proved to be a master class in how not to fuse two companies, two cultures, two continents, and two management teams. Oh, it worked for the two individuals at both helms pre-merger. They got silly rich. And the industry itself was in a misty romance at the time with mergers and acquisitions. BMW bought Rolls-Royce. Volkswagen Group bought Bentley, Bugatti, and Lamborghini, putting all three brands into their rightful place in both products and positioning. No marriages there, so no false pretense. Finally, Nissan and Renault got married in 1999. A successful marriage requires several rare elements in this atmosphere of gas fumes and power lust. But a successful marriage requires several rare elements in this atmosphere of gas fumes and power lust, the principle part being honesty. Daimler and Chrysler lied to each other. The heads of each unit, the product planners, and finance all presented their then-current and long-range forecasts to each other with less-than-forthright accuracy. Daimler was the far greater equal and no one from the Chrysler side enjoyed that. The cultures were entirely different, too, and little was done to bridge that gap. Which brings me back to the present overtures by Marchionne to GM. "There are varying degrees of hugs," Marchionne stated in the Automotive News piece. "I can hug you nicely, I can hug you tightly, I can hug you like a bear, I can really hug you." Seriously?

2017 Ram Power Wagon starts at $53,015

Ram has finally released pricing for the new 2017 2500 Power Wagon, and it won't come cheap, starting at $53,015. The good news is that you still get plenty of hardware and appearance upgrades. The better news is that there's also a way to get the same capability for a discount. Every Power Wagon model still gets a bevy of off-roading features, including Bilstein shocks, 33-inch tires, locking front and rear differentials, electronically disconnecting sway bars, chassis armor, and a 12,000-pound Warn winch. Each one also comes with the Ram 2500's 410-horsepower V8. This year, the standard grade Power Wagon also gets a much more aggressive exterior thanks to the Ram Rebel-style black front grille and trim. The black trim is complemented by a retro Power Wagon stripe just behind the rear doors, as seen on late '70s Power Wagons and the recent Macho Power Wagon SEMA concept. Inside, the Power Wagon also gets seats with embossed tire tread patterns, like the Ram Rebel. Buyers who want to be coddled on the trail can then upgrade their Power Wagons with the Leather and Luxury package for $4,495, which adds satellite radio, UConnect, heated leather seats and steering wheel, and voice control, among other things. With the introduction of the Leather and Luxury package, Ram will also phase out the fancy, $59,465 Laramie Power Wagon trim. However, if you don't need the extra style of the Ram Power Wagon, there's a cheaper way to get the substance. The way to do this is to order a Ram 2500 Tradesman in crew cab, four-wheel-drive configuration, and then choose the $8,450 Power Wagon package. When added to the Tradesman's $39,865 starting price, you'll have a Power Wagon for $46,995 provided you don't add anymore options. That's a substantial savings of just over $6,000. Now you won't get the fancy interior or the Rebel-style exterior appointments, but all of the important mechanical bits are the same. In a way, it's the off-road version of a " sleeper." So whether you want style or savings, there's a Power Wagon for you. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2017 Ram 2500 Power Wagon: Chicago 2016 View 18 Photos Image Credit: Ram RAM Truck power wagon ram 2500 power wagon