Car Buying auto news

Official: Chrysler launches 'No Payments for 90 Days' incentive

Chrysler upped the ante for May sales announcing this week a deferred payment program for anyone buying a Chrysler, Dodge, Jeep or Fiat between now and the end of May.

The "No Payments for 90 Days" program began Monday and runs until May 31. Qualified buyers financing their new vehicles through Ally Financial or Chase Auto Finance are eligible for deferment. Some consumers may not be eligible due to state laws.

It's an interesting twist to spur sales, as Chrysler has seen a 31-percent increase in sales this year, well ahead of the 10-percent increase for the industry. However, sales at Chrysler slowed in April, climbing just 18 percent, while overall industry sales mildly grew 2.3 percent.

Additionally, Chrysler announced it was doubling down on military members and their families with its "Military Appreciation Bonus Consumer Cash". Instead of giving eligible military members $500 toward a vehicle purchase, Chrysler is spotting them $1,000 through the end of the month.

The hot selling 2012 Dodge Avenger SE, Chrysler 200 LX sedan, Dodge Journey AVP, Fiat 500 Abarth and all SRT models, including the soon to arrive Viper, are exempt from the deal. See more details below.

Continue reading Chrysler launches 'No Payments for 90 Days' incentive

Official: Audi offering four-year SiriusXM Traffic subscription on select 2013 models

There's about to be a whole lot more traffic news for select Audi buyers. SiriuxXM radio is already offered free for three months to folks who buy a new Audi, but now, if you select MMI Navigation Plus or MMI Navigation Plus with MMI Touch, you'll get four years of SiriusXM Traffic, free, even if you don't pick up the subscription to the rest of SiriusXM's offerings.

The offer is available on all Audi models so long as you tick the correct options box. With SiriusXM 2.0 head units supposedly due later this year, though, perhaps you'll want to wait to get the most of your radio, instead of having all those dead SiriusXM options staring back at you. Scroll down to read the press release.

Continue reading Audi offering four-year SiriusXM Traffic subscription on select 2013 models

Followup: Pricing added to 2013 Ford Fusion configurator

We've noticed that 2013 Ford Fusion configurator has been updated with dollar values for each of its four models, however, we're not so sure the pricing is that black-and-white. Ford has also updated the disclaimer at the bottom of the page, to read, "Prices and features are for survey purposes only and are subject to change and features may become unavailable at the time of vehicle introduction." In other words, don't get too fixated on the numbers, as they're not locked down yet. And by playing with the configurator, you're likely serving as a FoMoCo lab rat - after all, this is the company that never met a focus group it didn't like.

It's worth noting that Ford has not issued an official press release on pricing yet. But for now, it seems like the base Fusion S will start at $22,495, though we're not sure whether that includes destination or not. Stepping up to the SE at $24,490 will upgrade the steel wheels to alloys, add heated, lighted mirrors with turn signal indicators, and get you body color rocker panels. Inside, the SE has a power driver's seat and a better stereo, and backseat passengers get an armrest and their own HVAC ducts. The SE also allows you to order other stuff, including navigation and start/stop, or opt for a different engine than the base-spec 2.5-liter four-cylinder with automatic transmission.

The 1.6-liter EcoBoost four-cylinder is available with a manual or automatic on the SE for $25,290, while the start/stop-equipped version (automatic only) is $25,585. The 2.0-liter EcoBoost with automatic is $26,745 when ordered in SE trim. Ford lists a number of different packages and options, but they seem to be offered on a sliding scale, such that the packages are more expensive on the lower-priced models. For instance, the Luxury Package with leather and heated seats, among other equipment, is $1,505 on the 1.6-liter EcoBoost but only $1,050 on the 2.0-liter EcoBoost.

On the SE Hybrid, which starts at $27,995 and is equipped with a non-EcoBoost 2.0-liter four-cylinder and a CVT, the same Luxury Package is listed at $2,000. Apparently if you're saving all that money on gas, you can afford to pay double the guy with the most powerful engine.

At the top of the Fusion price list, of course, rests the Titanium, which offers a lot of the optional stuff standard for $30,995. It's also the only way to get all-wheel drive, which will set you back $32,995. Note that the Titanium is exclusively powered by the 2.0-liter EcoBoost and is not available with a manual, so you won't be configuring your Fusion as a dual-use weekend rally car.

But then again, Ford will likely change this all tomorrow.

Study: Survey Says: Fuel economy is #1 factor when buying a car

It seems like it was just a few years ago that car manufacturers used to laugh at us when we'd ask why a new model didn't get any better fuel economy than its outgoing predecessor. "Car buyers don't care about fuel economy," was the refrain, "They certainly won't pay for it."

A few years of three- and four-dollar-per-gallon gas has apparently changed that attitude. According to a new study by Consumer Reports, 37 percent of respondents said fuel economy was now their leading consideration in car shopping, topping all others by a landslide. Quality was the second-most-important factor at 17 percent, while safety was mentioned by 16 percent, and value by 14 percent of shoppers. Two-thirds of respondents said they expected their next new vehicle to beat their current one on fuel economy. And yes, it is the economy, stupid, as 90 percent of those surveyed said high gas prices were the reason why they wanted a more fuel-efficient vehicle.

None of this is too surprising, given what has been going on both in the auto industry and in the larger economy since the economic meltdown of 2008. But we still kind of wonder how performance managed to rate number one with just six percent of those surveyed? Is that it then, there are six times as many tee-totalers than auto enthusiasts out there in the world?

CR says that it called 2,009 people across the country to get its results, obtaining 1,702 responses from adult car owners. Scroll down to read the full press release.

Continue reading Survey Says: Fuel economy is #1 factor when buying a car

Official: 2013 BMW M5 configurator revs up

With a starting MSRP of $90,695, the 2013 BMW M5 is spendy to begin with. But loading it up with all the trimmings, you'll see a sticker price north of $116,000. And we know this because we just spent a few minutes playing with the M5 configurator, which is now live on the BMW consumer website.

While we're not really that shocked by the price, we are kind of confused by the M5's color palette. While mainstays like Monte Carlo Blue Metallic and Alpine White are there, you cannot have an M5 in red - Sakhir Orange Metallic will have to do if you're the flamboyant type. If you're into earth tones, however, BMW has you covered, with five silver and gray tones, three shades of black, and two browns.

When it comes to options and packages, there's all kinds of way to drop several thousand dollars at the tick of a box, including an Executive Package that bundles together a bunch of stuff you probably don't need - active front seats, heated rear seats, sunshades, soft-close automatic doors, yada, yada, yada - and charges you $5,500 for it. It makes the Driver Assistance Package with lane departure warning and blind spot detection seem like a steal at just $1,900. A night vision system with pedestrian detection ($2,600), a head-up display ($1,300), and a rear-seat entertainment system ($2,200) are also offered, though the best piece of optional kit is one BMW isn't charging for: a manual transmission.

Check out all 14 exterior M5 colors in our gallery.

Report: Shanghai GMC dealer offering five tons of free gas with truck purchase

Big trucks just aren't appealing enough on their own, at least in some places. For proof, look to a Shanghai GMC dealer who is offering about three years worth of free gas to anyone who buys a new Sierra Denali. Too bad it'll take about 20 years to pay off the big truck.

The dealer is giving away five tons - about 2,000 gallons, worth around $8,000 in China - of petrol to new Sierra Denali buyers in China's largest city, according to The Detroit Bureau. The offer appears to be a nod to rising China gas prices, which are climbing towards levels similar to those in the U.S. now that the Chinese government is doing less to artificially keep gas prices down. Full-size trucks have been sold in China for about three years and are known to be status symbols in China, says The Detroit Bureau.

There is, of course, a catch. The Denali, unlike most General Motors vehicles sold in China, is built in the U.S., so the price tag is about $134,000, or almost three times what the model sells for in the States. Here's hoping a few free car washes come with those full tanks.

Report: Car Wars report predicts Hyundai, Kia will lose market share

The annual "Car Wars" report by Merrill Lynch analyst John Murphy predicts that, despite their seizing of U.S. market share over the last few tumultuous years, Korean brands Hyundai and Kia will give it all back and then some to companies like Ford, General Motors and Toyota by 2016.

Murphy bases his predictions not on tea leaves or crystal balls, but rather the rate at which automakers launch new products. Ford will replace 26 percent of its product line over the next four years, a number that represents 46 percent of its volume, while General Motors will replace 25 percent and Toyota 24 percent. On account of these new product launches, Murphy says Ford can expect to add 0.8 percentage points of market share, General Motors will recover 0.5 points and Toyota will add another 0.3 points.

Other automakers that won't be so aggressive in turning over their lineups with new models include Chrysler, Honda, Nissan and the European brands, which Murphy surmises will all remain flat in terms of market share.

Hyundai and Kia, meanwhile, will be introducing fewer new models than the rest and therefore, Murphy predicts, will see a 0.5 decline in U.S. market share.

Of course, these are all just predictions and can be blown to bits with the next unforeseen economic crisis or natural disaster, just like the last three years were. And there are other factors that might affect market share for each automaker during the next three years, including the availability of raw materials, exchange rates, union contracts, recalls and a million another minor things that might grow to become big things, not the least of which is consumers deciding they actually like all those new products being launched.

2013 SRT Viper to require dealer certification; hardcore model planned? [w/video]

On Thursday night's Autoline After Hours, SRT boss Ralph Gilles sat down with show hosts John McElroy and Peter DeLorenzo, along with Autoblog and AOL Autos staffers to talk all things Viper. Among the interesting tidbits disclosed about the 640-horsepower supercar are plans for a new dealer certification process designed to encourage the sort of purchasing, service and ownership experience that buyers of six-digit cars have come to expect.

According to Gilles:

"It's going to be a qualified dealer situation... The ones who do the dealer training in terms of the tech. I want a tech. I want a display car. I want all these things. There's going to be a list. It's not going to be impossible, it's just that someone has to put in the extra effort and say 'I'm an SRT dealer.

Chrysler has yet to announce official pricing and the Viper won't go on sale until sometime in the fourth quarter of the year, but that hasn't stopped a queue of customer deposits from piling up. According to Gilles, one particularly strong Viper dealer already has around 90 such deposits in-hand. Considering that Viper sales averaged about 1,600 units in past years, that's a substantial figure.

In other news, Chrysler officials have been making a big point of talking about the 2013 Viper's newfound refinements, from reduced NVH to nicer interior materials and improved drivability thanks to the institution of technologies like stability control and traction control. Gilles says that great care has been taken to ensure the model's core personality still shines through, but given that much of the Viper's mystique is centered on its raw, leg-burning, hairy-knuckled persona, we couldn't help but wonder aloud if the new model's refinements have left room for a stripped-out hardcore version for Viper purists and racers. With raised eyebrows, arms gesturing wildly and stifling a smile, Gilles wryly said: "I love how you think. Next subject!"

To watch the Autoline After Hours episode in its entirety, scroll down.

Continue reading 2013 SRT Viper to require dealer certification; hardcore model planned? [w/video]

Report: Lexus kills off slow-selling HS 250h

Are you one of the few people looking to put a brand-new Lexus HS 250h in your driveway? Better act fast. Inside Line reports that Toyota's luxury division has killed off its slow-selling HS model:

"Production of the HS 250h ceased in January, 2012. Lexus continues to monitor sales for each product and we make adjustments to make sure that we meet market demand, and the discontinuation of HS was part of that adjustment. The ES 300h is not replacing HS in our lineup. It's merely part of the hybridization of many of our existing vehicles in the Toyota and Lexus lineups."

It's interesting that Lexus says the ES Hybrid is not a replacement for the HS, but we'd be a bit surprised if another standalone hybrid model made it into Lexus showrooms to replace the canceled HS - it seems to us that the current CT 200h hatchback and ES 300h ought to satisfy the needs of Lexus hybrid shoppers.

Report: Auto sales credited with half of U.S. economic growth

The auto industry has long been a cyclical business, and though this last trough was a deep one, the coming boom has economists excited. According to Bloomberg, the auto industry's comeback contributed fully half of the 2.2 percent national economic growth in the first quarter of this year. Auto sales are on target to top 14 million vehicles this year, the best pace in four years.

Production is up at all three domestic carmakers, which has a ripple effect throughout the economy. Bloomberg cites Chad Moutray, chief economist of the National Association of Manufacturers, who estimates that every dollar spent on a new vehicle leads to an addition $2.02 in economic activity. The industry's share of gross domestic product for the quarter was 2.8 percent, which is nearly as high as it was in 2007, before the economic crisis that devastated the industry, according to the report.

Yet despite the rise in fortunes for carmakers, stock prices have yet to follow suit. A key automotive index is up just 1.5 percent so far this year, but is down 31 percent in the past 12 months, according to the report. The U.S. Treasury Department recently indicated that because of lagging stock prices, it would not be divesting its share of General Motors stock anytime soon.