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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

Toyota bringing sextet of retro-liveried GT86s to Goodwood [w/poll]

Automakers and the teams that race their products switch liveries all the time. From time to time you might see them revive a classic color scheme from their history, like Lotus has with the JPS black and gold, or Nissan did most recently with one of the GT-R LM Nismo prototypes it's bringing to Le Mans this year. But Toyota is going a step further. At the upcoming Goodwood Festival of Speed later this month, the Japanese automaker isn't just showcasing one new car with a throwback livery – it's bringing six. They're all based on the GT86 (which we know as the Scion FR-S), and each pays tribute to an iconic racing car from Toyota's history. The yellow and green one pays tribute to the Yatabe Speed Trial 2000GT from 1966. There's another decked out in white and blue in tribute to the 2000GT that Carroll Shelby showcased in the US back in '68. The red one with the black hood pays homage to Ove Andersson's rally-spec '72 Celica. Another one in red with yellow stripes harks back to the IMSA-spec Celica from the mid-80s. There's the Castrol livery from the Group A rally-spec Celica GT-Four, and finally a tigerskin-effect livery derived from the Esso Ultron scheme from Japan's own touring car championship. In addition to the special vinyl wraps and decals, each of the sports cars features throwback wheels, a stainless steel exhaust and a lowered suspension. But of course it's the livery that makes them special, and you'll want to check them all out in the extensive high-resolution image gallery above and cast your vote in the poll below. GT86 PAYS TRIBUTE TO ITS HERITAGE WITH CLASSIC TOYOTA LIVERIES Visual celebration of decades of sporting design and engineering excellence at the Goodwood Festival of Speed - Fleet of six GT86 coupes finished in one-off classic liveries celebrating great Toyota race and rally cars of the past - Classic look captured in vinyl wraps and decals plus lowered springs, stainless steel exhaust and retro-styled wheels - Cars available for public drives in the Goodwood Festival of Speed's Moving Motor Show on 25 June, then on static display supporting the GT86 Drift Experience at Goodwood's race circuit Many of the qualities that make the GT86 an exceptional modern sports car are rooted in generations of classic performance Toyotas, from its great handling to its timeless, low-slung styling.

Watch Congress sample Toyota's i-Road 3-wheeler concept

Toyota brought its new i-Road, a three-wheeled, all-electric low-speed vehicle that debuted in 2013 at the Geneva Motor Show, to the Capitol for some of our elected officials to test out. As easy as it is to forget that politicians are people, too, it was refreshing to see a human side to many of them as they zipped about one of the Capitol's many meeting rooms.
We'd say their reactions were surprisingly positive. Of course, some were just down there because Toyota is a big presence in their respective districts, but the bulk of the senators and representatives seemed like they just wanted to zip about the makeshift indoor course on the leaning trike.
Take a look below at the video from Bloomberg.