Filip Vítek’s Post

Average new vehicle transaction price falls again year-over-year: Filed under: Car Buying,Electric,Luxury Continue reading Average new vehicle transaction price falls again year-over-year Average new vehicle transaction price falls again year-over-year originally appeared on Autoblog on Tue, 12 Dec 2023 12:09:00 EST. Please see our terms for use of feeds. Permalink |  Email this |  Comments #car #cars #awesome

🚗 Audi will hit the brakes on its rollout of #electriccar models as consumer enthusiasm wanes in the face of high prices compared to #petrol models. Gernot Döllner, the boss of the #Volkswagen-owned brand, said that he wants to avoid flooding dealerships and factories with the vehicles as sales slow. “The advantage of EVs (electric vehicles) is becoming visible to consumers step by step,” Mr Döllner told Bloomberg News. Official forecasts for electric car take-up in the UK were slashed by almost half last month. Sales of new battery-powered cars were expected to grow steadily until they accounted for 67pc of the market by 2027, under a prediction issued in March. But that figure has now been revised down to just 38pc by the Office for Budget Responsibility (OBR), which said the take-up of EVs has been slowing. Mr Döllner, who was an executive at upmarket stablemate Porsche, was hired in the summer to reinvigorate the mid-market brand, on which Volkswagen relies for a large chunk of its profits. Audi, whose electric models include the £69,480 Q8 e-tron, faces cheaper competition from China, which is also a key market for Volkswagen’s brands. 🔗 Tap for more 👇

Car manufacturer Volkswagen is grappling with the low demand for new electric cars. Furthermore, they are facing challenges in selling pre-owned vehicles from the electric ID series. The transition to a manufacturer-driven sales approach falls short of expectations. "Volkswagen greatly overestimated its capabilities in the introduction of the agency model," I assessed the dilemma of the automaker to manager magazin. "#Retail is not as simple as #Volkswagen obviously imagined it to be." In his report, Christoph Seyerlein analyzes the state of affairs and provides insights into why #eCars are struggling to find buyers, calling them 'unsellable.' I appreciate the opportunity for the interview. Read the VW story on manager magazin.de here: https://lnkd.in/eRttmkkR (Paywall) #automotive #sales #strategy #myWHU

Oh no, who could have seen this coming? 😱 #Unexpected #AutomotiveNews It's kind of an old article, from August 2023, but I stumbled upon it today. 📆 #TrendingNews Listen, when I think of AMG, I immediately think of their legendary V8 engines. 🏎️💨 #AMGLove I believe that's the case for most people. Nowadays, there's a trend of disliking every new car release, 😒 but in this case, the criticism seems quite valid. 🤔 #CarCulture I can't imagine someone who loves AMGs, and is accustomed to their V8 engines, easily transitioning to a four-cylinder, especially if they are a repeat customer. 🙅♂️🚗 #CustomerLoyalty There are rumors that Mercedes-Benz AG will reintroduce the V8 engines, despite their denials, which I don't believe for a moment. 🤨 #V8Comeback They've already reversed course on their electric vehicle (EV) plans. It appears that EVs might not be the future as we all assumed, which is a relief to many. 😌🔋 #EVShift According to employees at Mercedes dealerships in America, they haven't received many inquiries about the new model. It's not as if there's a massive waiting list for this car. 📉 #MarketDemand So, if it's your preference, that's fine, but overall, it seems like there isn't much demand for these vehicles. 🤷♂️ #ConsumerChoice I still think they might be popular among those who previously owned cars like the WRX or are accustomed to four-cylinder engines because they'd be more accepting of it. 🤔 #NicheMarket However, for those accustomed to V8 engines, transitioning to a four-cylinder hybrid, not even a V6, will be a tough sell. 💔 #EngineTransition In the end, it's the customer's preference that dictates the market, not government mandates or brand strategies. 🗣️👥 #CustomerIsKing #AutomotiveTrends

Rev up your search for a new set of wheels with these incredible automotive deals! Check out this latest article for some helpful suggestions. #newride #automotive #perth #australia

If you've ever wondered about the meaning behind the four rings of the Audi logo, you might have heard a number of theories. Perhaps they're related to the Olympic rings in some way? Actually no. The rings speak to the heritage of the automaker. The four interlocking rings that make up the Audi logo represent the four original automakers that started it all, called the Auto Union. The first ring was for the original company in the union, a German auto manufacturer called Horch that was founded by German engineer August Horch, who soon left his own company to form a new auto company called Audi. Horch (the company) and Audi represent the first two rings on the logo. The final two automakers are Wanderer, which was founded in 1911, and DKW, which wasn't an automaker but rather a steam engine manufacturer that eventually changed over to building cars. Follow us for more interesting facts.

As sub-$20K cars continue to disappear let's look at the reality on the ground. If you go to a dealership like Kia, the Rio is around $18,000 and the Fortes on the lot start at $20K. That's essentially $40 more a month on a 6% 60month loan. It might not seem like much if you're subscribing to five streaming services but at the low end of the market this amount can make a payment "jump" when presented to a shopper. Especially if it's enough to cross a threshold where the first number goes from a 2 to a 3... or 3 to a 4. But...are there really enough of these shoppers to warrant keeping two (or with the Soul three) sub $22K models on the lot? It's a very narrow band to work with and even moving up trim levels isn't as costly as higher-priced models. Would love to hear what people think but my guess is these OEMs have done their homework and know that they're not going to miss out on first-time buyers of their brands with this strategy.

Mercedes-Benz AG Group sold 568,400 (-6%) cars and vans in the first quarter of 2024. Mercedes-Benz Cars saw sales rise in the United States (+3%), and a solid performance in Europe, particularly in the UK (+43%) and France (+35%) while sales in Asia were influenced by model changes and supply-chain constraints. #leather #luxury #automotive