AD #1895 – Brexit to Impact Car Sales, All-New Porsche Panamera Details, Chevy Celebrates 50 Years of Camaro
June 29th, 2016 at 11:47am
Runtime: 8:16
To watch this episode on YouTube click here.
- Brexit to Have Big Impact on Automakers
- Lincoln Offers Pickup & Delivery on All 2017 Models
- Why China’s Not Consolidating
- Chevrolet Camaro Turns 50
- All-New Porsche Panamera Details
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On today’s show… global car sales are expected to fall because of the Brexit, Porsche introduces the all-new Panamera and Chevy celebrates 50 years of the Camaro. All that and more coming right up on Autoline Daily.
This is Autoline Daily for June 29th, 2016.
BREXIT TO THE LEFT
Last week citizens of the UK stunned the world after they voted to withdraw from the European Union. The Brexit caused a lot of economic uncertainty and talks of a looming recession. And a new report from IHS Automotive says it’s going to have a big impact on automakers too. Researchers say the Brexit could cost carmakers about 2.8 million in sales through 2018. IHS lowered its global sales forecast by 200,000 units this year, 1.25 million next year and 1.4 million in 2018. And not unexpectedly Britain will be hurt the most. Before the withdrawal car sales were expected to grow over 3% this year but now the market may only grow just 1% followed by declines for the next two years. The UK auto industry exports 80% of the vehicles its produces and about 60% of those shipments go to the EU.
HEY MABEL, BLACK LABEL
Last year Lincoln launched its Black Label program, which offers more upscale options for vehicles as well as special treatment at the dealer. And to provide owners with an even more exclusive experience, the company is now offering standard pickup and delivery service for all 2017 models, starting with the Continental. A valet will pick up an owner’s car at an agreed upon location and drop-off a loaner while the vehicle is being serviced. Once that’s complete, the car is dropped off at a location the owner chooses. The company began a pilot program last year and says the results are very encouraging. 98% of owners would recommend Lincoln and the service to a friend and 93% said they’re likely to buy another Lincoln. The company’s efforts over the last several years are paying off. Through the first five months of the year, sales at Lincoln are up nearly 15%. While that is good news, the company still has a ways to go before it catches up to Lexus or the German luxury brands.
Still to come… why car companies aren’t consolidating in China.
CHINA NOT CONSOLIDATING
The Chinese auto market is huge. Not only does it sell the most cars in the world, the country is home to dozens and dozens of automakers. Most of which only produce a very few number of vehicles. Several years ago, the government laid out plans to consolidate the industry into 2 to three large companies, because there’s too many. But that hasn’t happened yet. On the most recent Autoline This Week, John sat down with three Chinese auto experts and they explain why consolidation isn’t occurring.
(Clip from ATW #2020 can only be viewed in the video version of today’s show.)
For more insight into the Chinese auto market you can watch that entire show right now on our website or you can look for it on our YouTube channel.
And if you want to keep up to date on all things Autoline, make sure you subscribe to our email. Just look for the subscribe button on the homepage of our website, Autoline.tv to get updates delivered right to your inbox.
Coming up next, Chevy celebrates the 50th anniversary of the Camaro and Porsche reveals the new Panamera.
CHEVROLET CAMARO TURNS 50
The Chevy Camaro turns 50 this year and the company just announced plans to celebrate the anniversary. Festivities include plant tours, a car show and Q&A with Chief Engineer, Al Oppenheiser. There will also be a Camaros and Coffee event in downtown Detroit and a special display at the Woodward Dream Cruise. And what would any anniversary be without a special-edition model? The brand took a Camaro SS and added all kinds of cosmetic goodies. Reddish orange details highlight the hood and brake calipers. While a unique lower grille and 20-inch wheels and special 50th Anniversary badging round out the enhancements to the exterior. On the inside there’s distinct 50th Anniversary treatments on the instrument panel, headrests and steering wheel. Click the link in today’s transcript to get all the details on the festivities.
NEW PORSCHE PANAMERA DETAILS
Images of the new Porsche Panamera leaked the other day, but now we’re getting some of the details. Under the hood, new V6 and V8 turbo engines are available, including a V8 diesel. All engines are mated to a new 8-speed dual-clutch transmission and all have the option of all-wheel drive, a first for the diesel version. On the inside, many of the buttons and knobs are replaced by touch-sensitive controls. Even the louvers on the air vents are adjusted with touch-sensitive sliders. The instrument cluster now features an analogue tachometer flanked by two 7-inch display screens. And a large 12.3-inch touchscreen houses all the infotainment features. Some of the new technology includes night vision assist and adaptive cruise control that now uses navigation data and input from sensors to speed up and slow down more smoothly and efficiently. The new Panamera starts hitting German showrooms in November with a starting price of 113,000 euros. It will see the U.S. in January of 2017 starting right around $101,000.
But that brings us to the end of today’s show, thank you for watching and please join us again tomorrow.
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Comments (13)
June 29th, 2016 at 12:25 pm
Brexit was not about car sales, but about sovereignty lost. This too will pass and car sales and all other sales will return. Thanks to Niegel Fargage.
June 29th, 2016 at 1:04 pm
@ Tuck&Roll: Exactly.And,the sky ain’t falling either,lol.
June 29th, 2016 at 1:32 pm
Does the commemorative Camaro come with a mullet wig and a Lynard Skynard cassette?
June 29th, 2016 at 1:49 pm
3- Plus a couple of gold chains and a cigarette lighter in the power port!
June 29th, 2016 at 2:08 pm
technically the Camaro isn’t 50. They have produced 50 models years of cars. 1967-2002 and 2011 to present. 42 years by my count. That would be like saying the Challenger is 47 years old .
June 29th, 2016 at 2:10 pm
Should read HAVEN’T produced 50 model years worth of cars. To me it has to be a unbroken line of production.
June 29th, 2016 at 2:16 pm
@ #6: Yup,UNBROKEN is the way it should be counted.Fail on gm’s,and ald for not catching it.
June 29th, 2016 at 3:34 pm
@ #3 I believe that cassette players were not available on the first generation Camaro. 8-Track players were.
June 29th, 2016 at 3:59 pm
2017 will be the 50th anniversary of the Camaro, but not the 50th model year. Promoting anniversaries of things is not uncommon. The 100th anniversary the Indy 500 in 2011 received “special mention” from the speedway, as did the 100th RACE this year.
June 29th, 2016 at 4:01 pm
” Even the louvers on the air vents are adjusted with touch-sensitive sliders.”? Am I in a car or at the helm of the Starship Enterprise?
Too many electronics in that new Panamera.
Knobs and buttons, please. Knobs and buttons.
June 29th, 2016 at 4:03 pm
The government pressure to consolidate has definitely been ongoing in China, but state- owned companies have proven to be half-hearted when it comes to acquisitions and mergers, as witnessed by a dismal history of attempts to combine smaller makers with SOE giants.
SAIC and Nanjing Auto certainly can’t be cited as a good example of a merger as the MG nameplate, that Nanjing brought with it, has struggled from the onset.
Guangzhou Auto’s acquisition of Changfeng, and Gonow have been less than successful, with word that Changfeng wants back its independence, while Gonow’s dealers are now complaining of losing lots of money.
FAW’s acquisition of Xiali never flowered, and Xiali is now in danger of extinction.
Chang’an Auto’s acquisition of Chang’he and Hafei (originator of Coda’s Saibao body) was destined for failure from the beginning. It was wrought with labor, and other problems.
BAIC finally rescued Chang’he and that merger, so far, has been a welcome exception to the pattern. Hafei on the other hand was not so lucky, and died a slow death.
June 29th, 2016 at 4:08 pm
They should make a VW, or maybe Skoda version of the Panamera, and sell it at an affordable price. That would be a great car, a roomy hatchback, with more performance than a Prius, about the only roomy hatchback now available in the U.S. market.
June 29th, 2016 at 5:34 pm
There was a 50th anniversary Thunderbird, but there weren’t 50 model years of T-birds. In fact, the 2005 “50th birthday” ‘Bird was the last year, unless they revive it again.
http://www.barrett-jackson.com/Events/Event/Details/2005-FORD-THUNDERBIRD-CONVERTIBLE-157312