Cars and the Corona....

[Sulu]

The 2020 New York Auto Show has now officially been cancelled. Originally scheduled for April, it was postponed to August when a field hospital was set up in the Javits Center, the home of the annual New York Auto Show. Although the field hospital has not been used, it remains on standby should the need arise. This has made the Center unavailable for the Auto Show.

2020 New York Auto Show, Rescheduled For August, Now Canceled

There won’t be a 2020 New York Auto Show, which joins a growing list of automotive events delayed due to the coronavirus pandemic.

www.motor1.com

 

[suxeL]

Coronavirus - Update Graz

Thanks to @Tragic Bronson .

 

[IS-SV]

Tesla announced price drops today (and it's easy to guess that it's corona-related), $5K on S/X, $2K on 3, no change on Y.

 

[Tragic Bronson]

Tesla Model 3 beats Honda Civic as top-selling car in California - Electrek

Tesla Model 3 has outsold the much cheaper Honda Civic to become California’s top-selling passenger car during the first quarter 2020. The California-based automaker has been consistently doing good in its home market, which also happens to be one of its biggest markets in the world. In the...

electrek.co

 

[suxeL]

Used Car Prices Are Almost Back To What They Were Before All Of This

Somewhere in the middle of all this—I can’t remember when any of it started, or what day it is, or where I live, or who I am, my life is pretty much Memento thanks to the pandemic—a lot of people began to worry that the bottom might fall out of the used car market.

jalopnik.com

Seems used car prices have gone up to within 1.9% pre-covid

 

[suxeL]

https://finance.yahoo.com/news/may-auto-sales-reports-today-140802336.html

Toyota TM has already reported a drop of 25.7% new auto sales from last month — not a great number, but pent-up demand over time ought to bring these figures into something of a “V”-shaped curve (hopefully), as well. Overall, May sales are expected to come in around 11.8 million vehicles sold. This is well below the earlier estimate of 15.5 million sales, but already a marked improvement from April’s 8.6 million sales.

Interesting developments. Zero percent has now been extended to every single model in the lineup in both Toyota and Lexus. Cash Rebates have been few and far between still though.

I guess the play is that with inventory dwindling, its still attractive to pay more with less interest...idk

 

[mikeavelli]

May wasn't nearly as bad as April.....

 

[Tragic Bronson]

so tempted

2020 Honda Civic Si Now Cheaper To Lease Than A Corolla

Update: The $0 down lease option for the Civic Si actually has an APR equivalent of 0.74%. When choosing the regular lease option requiring a

www.carsdirect.com

 

[suxeL]

so tempted

2020 Honda Civic Si Now Cheaper To Lease Than A Corolla

Update: The $0 down lease option for the Civic Si actually has an APR equivalent of 0.74%. When choosing the regular lease option requiring a

www.carsdirect.com

Interesting numbers. Apparently Hondas got some really good leases out by increasing their residuals (toyota is using the same strategy for select models like the tacoma and tundra). Pilot LX is the same money as a Honda CRV....more space for the same $$$.


Post pics if you go SI on us @Tragic Bronson.
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Another interesting tidbit which is a stark contrast and some terrible advice in my opinion, but dealers seem to be suggesting folks with negative equity to purchase a new vehicle with zero percent instead of pay down their existing vehicle loans.....smh

 

[Tragic Bronson]

These Car Brands Haven't Taken Away APR Deals (Yet)

The latest APR deals show a clear shift away from some of the crazy financing deals we've seen in recent months. However, not every automaker

www.carsdirect.com

Mainstream brands aren't the only ones offering deals. For example, Lexus is continuing to offer interest-free financing on almost its entire lineup. Everything from the entry-level Lexus UX or the flagship LC Coupe, you'll find 0% APR for 60 months (or 1.9% for 72). It doesn't get much better than this.

Although Lexus is offering some hefty rebates, some buyers may save more money by financing. For example, the 2020 Lexus LS offers a $5,000 rebate. With an $80,000 car, a 5-year loan at 5% would cost nearly $85,000. Choosing 0% APR would cost $80,000 and have a lower monthly payment to boot.

 

[suxeL]

These Car Brands Haven't Taken Away APR Deals (Yet)

The latest APR deals show a clear shift away from some of the crazy financing deals we've seen in recent months. However, not every automaker

www.carsdirect.com

If theyre advertising about 5% in rebates on the purchase price, one can only imagine the mfg->dealer rebates on this thing

 

[suxeL]

https://finance.yahoo.com/news/toyotas-production-return-90-target-161504607.html

Synopsis:
-July, the company plans to manufacture 71,000 and 39,000 fewer vehicles worldwide and in Japan than initially planned, respectively.
-The firm will stop making its Coaster minibus model for six days,
-Land Cruiser and Prado SUV models, and the Porte subcompact, will stop for two days.
-Reportedly, second shifts at some of these plants will remain cancelled until September.
-Toyota will also cancel some Saturday shifts in July on four lines that produce models including its popular RAV4 SUV crossover model and the Prius gasoline hybrid, many of which are exported overseas.
-Overall July Production will be in 90% of what it should be.

 

[Levi]

Let us hope Toyota is ready for rebound with new models like Tundra, Sequoia, Landcruise, LX, LS V8, GR86 etc. Should not be late for it, you lose potential customers.

Now I do not even know if LC F should be cancelled or not. Even with 800PS naysayers will say it is not enough efficient, 911 Turbo S is not much slower with with much less power.

 

[F1 Silver Arrows]

Here's an update. The Supra is selling pretty well over the past few months especially with this entire pandemic.

Quarterly sales numbers are in.

https://www.goodcarbadcar.net/2020-us-sports-car-sales-figures/

Supra
April: 231
May: 512
June: 538

Z4
April: 149
May: 332
June: 349

The Z4 is blowing 718 sales out of the water and the Supra is comfortably beating out the Z4 in sales too LOL. Where are the guys who kept saying the Supra wasn't selling well now?

 

[Tragic Bronson]

Where are the guys who kept saying the Supra wasn't selling well now?

Those incentives and 0% financing definitely did their job!

 

[F1 Silver Arrows]

Those incentives and 0% financing definitely did their job!

That was only for a certain amount of time......

 

[Tragic Bronson]

That was only for a certain amount of time......

Yeah they did, I'm sure they scaled back or at least sold most of the 2020s in inventory since buyers are aware that the 2021s are just around the corner.

 

[mikeavelli]

As the year closes it’s obvious the luxury and super luxury segment did fine if not better than ever. It’s amazing how well the auto industry continues to do.