AD #2217 – Toyota’s Purpose-Built Taxi, Used EVs Are Hot Sellers, Wall Street Warms Up To Autos

October 23rd, 2017 at 11:54am

Runtime: 8:09

0:29 Wall Street Warms Up To Autos
1:13 Toyota’s Purpose-Built Taxi
2:07 Leasing Off-Lease Cars
3:25 PSA Says Opel Is Inefficient
4:27 Nissan e-NV200 Gets New LEAF Battery Pack
5:00 Used EVs Are Hot Sellers
6:35 Magna Shifts R&D Efforts

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19 Comments to “AD #2217 – Toyota’s Purpose-Built Taxi, Used EVs Are Hot Sellers, Wall Street Warms Up To Autos”

  1. Chuck Grenci Says:

    Maybe some of the investors in the market are moving to more stable firms as the market is hitting new highs but with some rumblings of an adjustment. I will yield to others more knowledgeable (just thinking out-loud).

    Japan’s purpose built taxi sure is borrowing on G.Britain’s Black Cab IMO.

  2. Buzzerd Says:

    Wall street’s interest makes a lot of sense, world economies are humping along quite nicely, most auto manufacturers have raised their efficiency in the last decade, demand is still high and there doesn’t seem to be any major hurdles the industry needs to clear in the near future.

  3. Lex Says:

    I like the fact that there will be a glut of vehicles coming off lease within the next five years. I heard that if you are presently in a lease you can bargain down the purchase price of your leased vehicles if you want to keep it.
    What are the best strategies to accomplish this?

    I like the NV200 Yellow Cabs we have in NYC. An all electric NV200 would sure clean up the air pollution here in the Big Apple.

    The reason pre-owned Tesla Model S has a short wait on dealers lots is the huge amount those vehicles depreciate in a short period of time and people view it as a status symbol. It is hard to judge the age of those Models S’s because it has a nose cone or not.

  4. Lambo2015 Says:

    How is the app “Fair” different than say a rental car? I can already get online pick out a vehicle from a wide selection without a credit check? Also does the lease rate change depending on the credit score?
    If the rates are significantly better I could see this having an impact on the rental car companies.

  5. Kit Gerhart Says:

    I suspect Fair’s cars would consist mostly of Benzes, BMW’s, and Lexi, while rental fleets would be 200′s, etc. Woukdn’t that be the case.

  6. Kit Gerhart Says:

    Probably EV’s have “extra” depreciation, equal to a percentage of the cost of a new battery. I wouldn’t want to pay a lot for an 8 year old Tesla S with the original battery. Unless Tesla subsidizes the cost of replacement packs, a new one would probably cost at least $20K.

  7. Lambo2015 Says:

    According to this web site it looks like the advantage is you can lease a used vehicle. Payment includes tax, title, fees and registration. Payment does fluctuate based on “banking activity”. Payments are based on a 10k miles per year usage. You can also get month to month insurance included but this app is currently only offered in California.
    http://www.nydailynews.com/autos/street-smarts/what-is-fair-app-leasing-used-cars-by-payment-article-1.3489469

  8. Lambo2015 Says:

    #6 I remember seeing a business plan to buy your EV but lease your battery pack. But the reasoning was in place of charging you would swap your battery at a charging station quicker than a quick charge. Also old useless batteries get pulled from service and you don’t end up with a 8 year old EV needing a 20k battery. Don’t know if anyone is doing that though. Probably a hard sell to buy your car and lease the power.

  9. G.A.Branigan Says:

    I don’t see ev’s,or fuel cell powered vehicles going much of anywhere with the exception of city fleets.

    That is until charging points,and hydrogen pumps,are as common as gas and diesel pumps.

    And I don’t see much talk about putting in the nationwide infrastructure to accommodate said vehicles.

    Until that time,it just isn’t going much farther than city limits.

  10. Kit Gerhart Says:

    8 I can see a case for leasing batteries, as a a type of “insurance,” like buying an extended warranty. Or course, an extended warranty on the battery would have a similar benefit of removing “surprises” from the equation.

  11. Bob Wilson Says:

    An accident is a greater risk than a traction battery failure. The rate of car crashes have been higher than traction battery failures. So there is a cottage industry that uses crash, salvaged packs to rebuild the few packs that failed.

    Starting 20 years ago, there has been continuous traction battery improvement. The earliest, air cooled NiMH “D” cells have been replaced by air and liquid cooled, LiON which have more power, reliability, and lower weight. These are in our 2017 Prius Prime, 121 hp, and 2014 BMW i3-REx, 168 hp with extended warranties of 8 years / 100,000 miles.

    Accidents, not battery failures, are the bigger risk. This is why both of our cars have collision avoidance and dynamic cruise control

    Bob Wilson

  12. Kit Gerhart Says:

    Using only the “center” part of the charge/discharge must be important in making Li-ION batteries last. I have learned from electric powered model airplane batteries, that you shouldn’t store them fully charged, or they will “puff up,” and fail after 2-3 years. I’ve also had not-so-good battery lifetime with laptop computer batteries. The battery is still semi-ok in my 7 year old macbook, though, so maybe apple manages battery charge and discharge better than some.

  13. omegatalon Says:

    Electric vehicles are like notebook computers as they need to be updated almost every 18 months or risk being out of date; General Motors needs to check whether there’s a new battery for their Chevrolet Bolt that might be lighter with a higher capacity and be willing to jump to a different battery manufacturer if necessary as this is what computer companies do to keep moving the technology forward.

  14. omegatalon Says:

    You always wondered about Opel and whether they were screwing over General Motors because Opel never really thought there would be much of a chance that GM would sell Opel especially as Opel was doing a lot of the Advanced Engineering and Design for GM; but Opel wasn’t so lazy, they would have known GM of Shanghai was doing essentially what they were and now Opel has to shape up or their entire work forced could be forced out.

  15. omegatalon Says:

    General Motors could with a little retooling introduce the Chevrolet Bolt as a London taxi.

  16. Chuck Grenci Says:

    @12 Kit
    I remember John and Autoline reporting that the battery for electric cars runs somewhere between 20 and 80 percent to get the best life out of them. I suppose that goes for most equipped Li-ion applications.

    p.s. how was your trip; trouble-free I hope (did you take the Vette) :D

  17. Lambo2015 Says:

    #9 I wonder if the range anxiety of the EVs can be contributed more to the fact that you cant just walk to the nearest gas station and pick up a few extra miles of juice like you could with the old gas can. Cause they seem to always attribute it to not having enough available charging stations. So not only are you limited to where you can fill up your EV but if you don’t and run out you are getting towed. Maybe it would be a good time to start an emergency mobile charging service.

  18. Kit Gerhart Says:

    My trip was trouble-free, with a few slow-downs/stoppages, as usual. I drove the Mini; after the last few road trips in the ‘Vette, I decided something “different” would be fun. Both cars are comfortable for me, seat-wise. I’d kind of forgotten hoe slowly the Mini accelerates at high speed, as it seems reasonably quick in town, using the lower gears. Of course, compared to the ‘Vette, most cars are slow.

    I’ll miss not not having the ‘Vette here, but I miss not having the Mini here.

    The difference in mpg for the 1100 mile trip is surprisingly small, about 29.5 for the ‘Vette, and 34.5 for the Mini. In short, low speed trips, the Mini gets almost twice the mileage of the Corvette.

  19. Kit Gerhart Says:

    #17 As things are now, EV’s can work quite well as commuter cars for those living on a cul de sac with an attached garage. You plug it in overnight, and do your day’s driving. Unfortunately, there is no place to charge them in dense cities, where they make the most sense, in ability to export pollution.