Sunday, 7 September 2014

August Electric-Car Sales, 2015 Toyota Camry Hybrid Price, Electric ...

August Electric-<b>Car</b> Sales, 2015 Toyota Camry Hybrid <b>Price</b>, Electric <b>...</b>


August Electric-<b>Car</b> Sales, 2015 Toyota Camry Hybrid <b>Price</b>, Electric <b>...</b>

Posted: 03 Sep 2014 08:30 AM PDT

2014 Chevrolet Volt

2014 Chevrolet Volt

Enlarge Photo

Today's news is all about the money. We report on plug-in electric car sales for August, pricing for the 2015 Toyota Camry Hybrid, and a price cut on Brammo electric motorcycles. All this and more on Green Car Reports.

If you ever wanted a Brammo electric motorcycle, now may be a good time to buy. Prices on some models are being cut by $5,000 to $7,000.

The face-lifted 2015 Toyota Camry Hybrid starts at $26,790, with unchanged fuel-economy ratings.

China adds even more electric-car incentives, but mostly for local brands.

The 2015 Buick Envision compact crossover is unveiled in China. It will arrive in the U.S. next year as a 2016 model.

See which plug-in electric cars proved most popular with buyers last month with our August sales report.

A new battle in the war between Tesla Motors and car-dealer associations is being fought in Georgia.

Finally, Bob Lutz's V-8-powered Fisker Karma gets a new name as VL Automotive merges with WM GreenTech.

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Saturday, 6 September 2014

Brammo Electric Motorcycle Prices Cut By $5,000 To $7,000

Brammo Electric Motorcycle <b>Prices</b> Cut By $5,000 To $7,000


Brammo Electric Motorcycle <b>Prices</b> Cut By $5,000 To $7,000

Posted: 03 Sep 2014 04:00 AM PDT

Brammo Empulse R electric motorcycle

Brammo Empulse R electric motorcycle

Enlarge Photo

If you have ever wanted a Brammo electric motorcycle, this may be a good time to consider buying one.

Brammo is now offering an End-Of-Summer Promotion that gives significant discounts to move more of their electric bikes out of inventory and onto the roads.

The price of a 2014 Empulse has fallen 29 percent, from $17,000 to $12,000, and the higher-performance 2014 Empulse R dropped from $19,000 to $14,000, a 26-percent cut.

DON'T MISS: 2014 Electric Motorcycles: Buyer's Guide

Last year's 2013 Empulse is down a whopping 41 percent, from $17,000 to $10,000, with a 37-percent cut for the 2013 Empulse R: $19,000 to $12,000. Only minor improvements differentiate the 2013 and 2014 models: upgraded tires and 10 pounds less weight.

Brammo Empulse R electric motorcycle

Brammo Empulse R electric motorcycle

Enlarge Photo

Even the underpowered Brammo Enertia Plus got a significant price cut, from $11,000 to $7,000 (36 percent).

With a top speed of "60+ mph", the Enertia Plus is designed to be a run-around bike for in-town errands and little more--but it could be an inexpensive introduction to the allure of electric drive on two wheels.

ALSO SEE: Electric Motorcycle Road Trip: What I Learned, What You Need To Know

Still, a sale this big for a company this young is bound to raise some eyebrows, and questions. Why is Brammo selling all their bikes at a loss?

According to a source close to the company, it all comes down to Brammo's impending initial public offering (IPO). The company plans to go public in 2015, intending to raise quite a bit of money.

But it can't do that if it hasn't sold many bikes, so Brammo is willing to take a loss on the bikes it now has in stock to expand its customer base

The company's founder, CEO, and namesake Craig Bramscher has also let it be known that he is interested in making an electric sports car, since he doesn't fit into a Lamborghini or Ferrari. Funds of an IPO would be used to continue to develop the company's electric motorcycles, but also perhaps to develop an electric sports car.

MORE: Energica Ego: Test Ride Of New Electric Superbike

Not everyone is happy about the sale--including recent buyers who are now concerned about the falling resale value of their vehicle.

At this point, it remains mostly early adopters who ride these bikes, and most owners know the best way to get their money back the purchase of an electric motorcycle is simply to ride it.

So if you may be in the market for the only electric vehicle that uses gears, go get your motorcycle license and check out the full range of options--newly less expensive Brammo models included.

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Friday, 5 September 2014

The car service price war continues: Challenging Uber, Gett tests ...

The <b>car</b> service <b>price</b> war continues: Challenging Uber, Gett tests <b>...</b>


The <b>car</b> service <b>price</b> war continues: Challenging Uber, Gett tests <b>...</b>

Posted: 04 Sep 2014 05:50 AM PDT

On-demand car service Gett, now calling itself "Uber's #1 competitor," today announced that every ride it gives in Manhattan will cost a flat rate of $10 for the rest of the year.

Oft described as a "race to the bottom," transportation startups Uber and Lyft have continuously cut prices across their most popular cities. Uber, for example, now claims it's cheaper than a city cab in New York. A few years ago, that was not the case.

This race to the bottom follows the storage war, in which big players like Google have driven the price of personal online file storage down to (nearly) zero.

Gett, which announced a $25 million funding round earlier this month, says its promotion will offer rides anywhere on the island — even "from Harlem to Wall Street" — for $10 automatically. It "doesn't matter if you're stuck in traffic for 2 hours," the company said in an official release. Unlike Uber, however, tips are not included.

When asked about the impact this will have on the long-brewing car service price war, a Gett spokesperson told VentureBeat that "we want to always have the lowest prices possible, but not at the expense of our drivers, who we care about and consider our partners." The company also said that "driver's pay will not be affected" by the price cut.

The company doesn't currently have plans to launch the experiment in other cities, the spokesperson told us. But even if Gett's test is momentary, it may leave an impact on Uber and Lyft, if Gett proves its car service is just as addictive for consumers.

Uber Technologies Inc is known as Everyone's Private Driver. Uber operates an on-demand car service used all over the world. With the touch of a button from your phone, you can experience your own private driver. Sign-up quickly, g... read more »

Lyft is a friendly, safe, and affordable transportation option. Just tap a button and in minutes you'll be riding in the front seat with a new friend. Our Lyft community drivers have been background checked and personality screened t... read more »

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Electric-<b>Car</b> Charging Station <b>Prices</b> Fall: 30 Amps For $500 <b>...</b>

Posted: 02 Sep 2014 05:30 AM PDT

Schneider EVlink 30 Amp Generation 2.5 240-Volt Level 2 charging station for plug-in electric cars

Schneider EVlink 30 Amp Generation 2.5 240-Volt Level 2 charging station for plug-in electric cars

Enlarge Photo

When plug-in electric cars came on the market less than four years ago, the first 240-Volt home charging stations carried four-figure price tags.

Now a handful of models cost less than $500--and a fairly high-amperage model is being offered by Home Depot this month for $499 after a special offer.

The Schneider Electric EVlink 30-Amp Level 2 charging station is offered at $599, but there's a special discount code ("EVLINKSUMMER") that cuts the price by a further $100.

DON'T MISS: 2014 BMW i3 REx 38-HP Range Extender Vs. 14,000-Foot Mountain: Who Wins?

The amperage rating is an important, and sometimes overlooked, specification in any 240-Volt Level 2 charging station for electric cars.

The highest-rated stations come with a 40-Amp rating, but 30 Amps is widely accepted as adequate for overnight charging. A few expensive home stations, on the other hand, are rated at just 10 or 15 Amps.

2013 Nissan Leaf

2013 Nissan Leaf

Enlarge Photo

The speed of charging depends on both how fast the current can be delivered (the amperage of the charging station) and the power rating of the car's built-in charger: generally 3.3, 3.6, or 7.2 kilowatts for any new plug-in car other than a Tesla.

(These ratings refer to conventional charging in 240-Volt home alternating current, not direct-current quick charging, which can generally recharge a battery up to 80 percent of its capacity in half an hour or less.)

ALSO SEE: In CA, Renters Can Now Install Electric-Car Charging Stations

The Schneider station offers the interesting feature of customizable skins (to complement your garage decor, presumably).

There are, however, two caveats to keep in mind if you're seriously considering the $500 EVlink 30-Amp from Schneider:

  • It is only meant for indoor use, so while it's fine for inside your garage, it shouldn't be mounted on the outside of a house or in an open car port; and
  • Its cord is only 18 feet long, meaning that the car being charged may have to be positioned to put the charge port closer to the station than in others with cords of 25 feet or more.

MORE: 2014 Cadillac ELR Electric Coupe: Free Home Charging Station Included

Home Depot will ship the charging station to your house, or deliver it to a nearby store for you to pick up.

The $100 discount offer ends September 30, is good only for one unit per order, and while supplies last.

NOTE: High Gear Media does not endorse any particular charging stations; this product is covered as a service to present and future electric-car owners only.

[hat tip: George Betak]

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Wednesday, 3 September 2014

2015 Land Rover Discovery Sport Review, Ratings, Specs, Prices ...

2015 Land Rover Discovery Sport Review, Ratings, Specs, <b>Prices</b> <b>...</b>


2015 Land Rover Discovery Sport Review, Ratings, Specs, <b>Prices</b> <b>...</b>

Posted: 02 Sep 2014 04:01 PM PDT

Not everything Land Rover touches turns to aluminum. The latest Range Rover and Range Rover Sport? Well, yes, those have gone completely in with the lightweight metal structure--but not the dashing Evoque compact crossover.

And not the replacement for the Land Rover LR2, which should draw its last breath for the current model year. Its replacement will be the 2015 Land Rover Discovery Sport, which serves as a coming-out for a new company styling theme, and a new naming structure. 

The Discovery Sport owes some of its underpinnings to the steel-bodied Evoque, which itself evolved from the LR2. But it's been stretched and pulled into a longer, wider form. It wears some aluminum body panels, but not down to its core. It's still a compact SUV, but now it's one good for seating seven passengers when its rearmost fold-away seats are counted.

The Evoque's turbocharged four-cylinder and its new nine-speed automatic also make the transition into the Discovery Sport, and all-wheel drive is standard, and fitting, given the new name.

Styling

Land Rover says this new theme--which it previewed earlier this year on the auto-show circuit--will eventually play out over a lineup of "Discovery"-branded SUVs. That no doubt includes a replacement for the LR4, at some point in the medium term.

The Discovery Sport absorbs neatly the three-plus inches it adds in length versus the LR2, and couldn't be more visually distant from the Evoque. The thin strips of honeycombed grille, clamshell hood, integral skid plates, and the keyed headlights connect it with the Range Rover lineup. The way the roofline pulls over the rear pillars is an interesting link to athletic gear, ending in a stubby tailgate spoiler as it does. It looks almost like a ballcap worn backwards. The sideview is kept very clean save for the intersection of a deep shoulder line and the rear door cutline, and the slim rear glass sits over round-lit taillamps. The emphasis isn't on being so upright anymore.

The cabin of the Discovery Sport plays the ute's new mainstream role absolutely straight. The dash cap is nearly flat once it passed over the binnacle of gauges. The center console intersects it in a perfect pair of chrome uprights. The HVAC controls are the same LCD-capped knobs that work so well in the Jaguar F-Type. Finally, the console's been reduced to a single control--the electric-car-like rotary controller that rises to the shifting occasion from its piano-black surround like a Canadian's most surreal hockey dream ever.

Performance

Like the Range Rover Evoque, the Discovery Sport will depend on the kindness of turbocharging for its power. The initial powertrain combination for the Discovery Sport will be a 2.0-liter turbocharged four-cylinder with direct injection for efficiency, balance shafts for smoothness, and a paddle-shifted nine-speed automatic companion for gas mileage.

The nine-speed will launch in second gear for smoothness, or first gear when acceleration demands it. It's capable of skipping gears for more efficient shifting.

Output in the Sport will be rated at 240 horsepower and 250 pound-feet of torque, the latter developing low (1,750 rpm). There's no mention in initial press information of the Evoque's higher-output, 285-hp version of the same turbo four.

In its stock configuration, with a Haldex all-wheel-drive system that varies torque delivery between the front and rear wheels, the Discovery Sport will be capable of a 0-60 mph time of 7.8 seconds, and a top speed of 124 mph.

No gas mileage estimates have been offered, but for comparison, the nine-speed Evoque is rated by the EPA at 21/30 mpg, or 24 mpg combined.

Land Rover claims the Sport will meet its standards off-road with the Haldex system, standard skid plates, and ground clearance of 8.3 inches. It also promises the ability to climb a 45-degree grade. The maximum approach angle of 25 degrees goes up if the front bumper is removed--a planned feature, not an incident waiting to happen, Land Rover says.

The familiar Terrain Response controls are grafted on to the drivetrain in the Sport. Through four modes--default, Grass/Gravel/Snow, Mud and Ruts, and Sand--drivers can vary wheelspin allowance, throttle quickness, and stability control intervention to suit driving off pavement. Working in concert are Hill Descent Control, stability, and traction control.

The Discovery Sport's body checks in at just below 4,000 pounds, with a steel unibody and aluminum hood, roof, tailgate, and front fenders. It's suspended by a strut setup in front (with hydraulic rebound stops for noise damping), and a multi-link setup in the rear. Both systems are mounted to subframes for better isolation.

The Sport's electric power steering has a variable ratio that's set up for more deliberate response on center. The brakes are discs all around, with 12.8-inch rotors in front and 11.8-inchers in back.

Comfort and utility

Compared with the outgoing LR2, the new Discovery Sport is about three inches longer in wheelbase and overall length, which factors into its new third-row seat option. The LR2 sat on a 104.7-inch wheelbase, at 177.1 inches long overall; the Sport is 180.7 inches long, and rides on a 107.9-inch wheelbase. The gamble is that premium buyers want a smaller alternative to the seven-seat LR4.

Land Rover says it spent lots of time with families to work out its solutions for what it calls its "5+2" seating configuration, for child-seat fitment, and for the placement of features like charging ports and drink holders. It's designed two different consoles, one with a storage section covered by a roller cover, the other with a sliding armrest and removable cupholders that can be ditched in favor of a 2-liter bottle. We sense a beverage trump card in the making.

As for the passenger seating, the Discovery Sport upsizes what the LR2 had to offer. The second row seats are elevated like those before, but the Sport's second row now slides on a 6.3-inch track. It still splits and folds, and the seatbacks also recline for longer trips.

The third-row seat is purposely downplayed as a "plus two" in what we've read so far. We'll have to try out the smaller seats at the upcoming Paris auto show or on a first drive, but Land Rover purposefully describes them as fitted for "occasional usage". The third-row seat will be an option.

Safety and features

Upconverting the LR2 into the Discovery Sport presents the perfect opportunity to switch out its safety regimen, and to add a slew of new tech features.

On the safety front, the Sport acquires the emergency braking and forward-collision systems that are an integral part of the Insurance Institute for Highway Safety (IIHS) Top Safety Pick+ standards still evolving for 2015. In the Discovery Sport, the system will allow complete stops when obstacles are detected at speeds below 32 mph, and can mitigate impacts at speeds below 50 mph.

The Sport also will offer lane-departure warning systems, parking assist with perpendicular parking, trailer-sway control, and automatic headlamps.

Other new technology includes Land Rover's new InControl connectivity kit, which adapts some Apple and Android mobile apps to the Discovery Sport's operating system--its eight-inch touchscreen interface. Those apps include favorites like iHeartRadio and Parkopedia.

All Sports will come with the touchscreen interface, and with a 10-speaker audio system with terrestrial and satellite radio, Bluetooth audio streaming, and USB and auxiliary ports. The system can pair with two devices--one to talk, one to stream entertainment. The Sport will have up to four power points and as many as six USB ports.

Leather upholstery is standard, along with dual-zone climate control and power features. Major options will include navigation, a contrast-color roof, a panoramic roof, alloy wheels, underbody protection, side steps, a towing package, and a black-trim package.

The Discovery Sport goes on sale in early 2015, along today's Land Rover LR4, which is expected to undergo a redesign--and to revert to its former Discovery nameplate--sometime in 2017.

Sunday, 31 August 2014

Toyota Fuel Cell Sedan Price, Tesla Battery Cost, Lighter Cars ...

Toyota Fuel Cell Sedan <b>Price</b>, Tesla Battery <b>Cost</b>, Lighter <b>Cars</b> <b>...</b>


Toyota Fuel Cell Sedan <b>Price</b>, Tesla Battery <b>Cost</b>, Lighter <b>Cars</b> <b>...</b>

Posted: 28 Aug 2014 08:30 AM PDT

Tesla Motors - Model S lithium-ion battery pack

Tesla Motors - Model S lithium-ion battery pack

Enlarge Photo

Today we look, both directly and indirectly, at Tesla's future.

See why the Toyota hydrogen fuel-cell sedan could target the Model S, and how the electric-car maker's battery "Gigafactory" could get prices down to $100 per kilowatt-hour.

Meanwhile, the internal-combustion car still has some life in it, according to a survey of automotive engineers who believe the best path to fuel efficiency in the short term will be simply making cars lighter. All this and more on Green Car Reports.

Will Tesla's battery gigafactory achieve the ultimate electric-car goal of $100 per kilowatt-hour?

Find out why natural-gas powered long-haul semi-trucks aren't selling better.

Chinese carmaker BYD's rising electric car sales are swamped by gasoline models.

Carmakers say the main path to better fuel efficiency is lighter vehicles. Battery-electric powertrains and hydrogen fuel cells were further down the list of priorities.

Read why the upcoming Toyota fuel cell sedan's biggest competitor could be the Tesla Model S.

The FIXD app promises to instantly diagnose your car's health, and track it over time.

Finally, the Chevrolet Niva subcompact crossover concept debuts at the 2014 Moscow Auto Show.

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Saturday, 30 August 2014

Uber's Most Important Innovation Isn't A Car Service: It's the Pricing ...

Uber&#39;s Most Important Innovation Isn&#39;t A <b>Car</b> Service: It&#39;s the <b>Pricing</b> <b>...</b>


Uber&#39;s Most Important Innovation Isn&#39;t A <b>Car</b> Service: It&#39;s the <b>Pricing</b> <b>...</b>

Posted: 18 Aug 2014 09:05 PM PDT

Uber's most important innovation is the way it prices its services. But that innovation has not been unreservedly welcomed by customers. They're wrong.

illustration of man in waist-high snow hailing car on lift

In the four years since the car service Uber launched, it has been beset by criticism from myriad groups, including city officials annoyed by its sometimes cavalier attitude toward regulation and taxi companies annoyed by increased competition. Some of the harshest criticism, though, has come from an unlikely place: Uber's own customers. Thanks to its reliance on what it calls "surge pricing"— meaning that during times of high demand, Uber raises its prices, often sharply—the company has been accused of profiteering and exploiting its customers. When Uber jacked up prices during a snowstorm in New York last December, for instance, there was an eruption of complaints, the general mood being summed up by a tweet calling Uber "price-gouging assholes."

What's striking about the Uber backlash is that the company is hardly the first to use dynamic pricing. There have always been crude forms of price differentiation—or, as it is known in economics, price discrimination. If you go to a movie matinee, you pay less than if you go at night, and if you're willing to wait to buy a new dress (and run the risk that it might sell out), you can often get it at a marked-down price. But dynamic pricing in a more rigorous sense was pioneered in the 1980s by Robert Crandall, CEO of American Airlines, as a way to fight off competition from discount airlines like People Express. American began by slashing prices for tickets bought well in advance, while keeping prices for tickets bought closer to takeoff (when ticket inventory was lower, and demand was less price-sensitive) as high as possible. In the decades since, this kind of yield management has become integral to the business models of airlines, hotels, and rental-car companies, and greater computing power and more sophisticated data analysis has turned pricing in these industries into an incredibly complex process. (Dynamic pricing has also allowed sites like Priceline and Hotwire to flourish, since when hotels are stuck with extra rooms, they're often willing to drop prices rather than let a room sit empty.) More recently, as technology has made it easier to segment the market and change prices on the fly, dynamic pricing has become common in other industries, too. Many professional sports teams now use it to set ticket prices—games against high-profile teams cost more than games against cellar dwellers—while concert ticket prices wax and wane with demand.

If dynamic pricing is hardly unusual, why has Uber taken so much flak? Some of it is a matter of history: early on, Uber's pricing was not especially transparent, so customers occasionally found themselves stuck with fares that were much higher than they expected. The fact that some of the most high-profile examples of surge pricing have been the result of big storms also matters, since it taps into people's visceral dislike of price gouging. A 1986 study by Daniel Kahneman, Jack Knetsch, and Richard Thaler found that most people thought "raising prices in response to a shortage is unfair even when close substitutes are readily available"—a situation that almost perfectly describes Uber. Then, too, the price increases during surges are often magnitudes greater than customers are used to; during that New York snowstorm, Uber charged up to nearly eight times as much as it usually did. Thaler has suggested that people find price increases above three times normal psychologically ­intolerable.

The reality is that the times when people most want a ride are also the times when it's most annoying and, often, most risky to drive: rush hour, New Year's Eve, 2 a.m. on a Saturday night, snowstorms.

It's also important that Uber's prices only rise above the base rate and never fall below it, since customers seem to accept dynamic pricing more easily when it's characterized as a discount. At the movies, for instance, prime-time tickets aren't presented as a few dollars more than the normal price—rather, matinees are presented as a few dollars less. When American introduced dynamic pricing, it framed the 21-day advance-purchase requirement as a chance to buy "super-saver" fares. And happy hours at bars are, similarly, framed as a markdown from the regular price. These framing devices don't change the underlying economics or price structure, but they can have a big impact on customer reaction. In 1999, for instance, Douglas Ivester, then the CEO of Coca-Cola, suggested that smart vending machines would allow Cokes to be more expensive on hot days, when demand was presumably higher. There was an immediate, intense backlash, and the company quickly backed down, saying Ivester's comments were purely hypothetical. Had Ivester instead suggested that Coca-Cola could use dynamic pricing to charge less on cold days (even if it had raised the base price of a can), response would probably have been very different. Uber's competitor Lyft seems to have recognized the power of framing: it recently introduced what it calls happy-hour pricing, offering discounts during slow business hours.

Finally, Uber also faces a challenge simply because of the industry it's in: a business in which fares have historically been regulated (for cabs) and fixed (if you take a car service to the airport in New York, for instance, you typically pay the same price whether you leave at 6 a.m. or 5 p.m.). Uber's pricing scheme is more complicated and harder to grasp intuitively, so that even though Uber is transparent about surge pricing, some people inevitably find it vexing. Uber's also combating the sense that transportation is, in some sense, a public utility, and that it's offensive to charge people so much more than they're used to paying. This is a mysterious complaint, since there are many alternatives to using Uber. But it's a surprisingly common one.

It's easy to see, then, why Uber has become a flash point for criticism. But there is a deep irony here: the company arguably offers the most economically sensible, and useful, example of dynamic pricing in today's economy.

In most cases, after all, dynamic pricing is a way for companies to maximize profits by exploiting demand—charging higher prices to people who can and will pay more. As MIT professor Yossi Sheffi has put it, it's the "science of squeezing every possible dollar from customers."

That's because most industries that use dynamic pricing have a limited inventory (an airline flight has a set number of seats, a hotel a set number of rooms) and are trying to make as much money from selling that inventory as possible. Uber's case is different. While the company also wants to make as much money as possible, it uses surge pricing not only to exploit demand but to increase supply.

illustrated screen of Uber's smartphone app

The Uber app tells users how much the rate has increased during times of high demand.

When there are more would-be Uber passengers than available Uber cars, the company's algorithm sets a price that balances supply and demand. Uber's algorithm (which it has been refining since 2011) is the company's greatest asset and most significant innovation, allowing it to find the price that will attract drivers—whom, as independent contractors, it can't order onto the road—without alienating customers. The strategy works. In a recent blog post, the venture capitalist Bill Gurley, who's an Uber board member, said that when Uber first tested dynamic pricing in Boston in 2012, it was able to "increase on-the-road supply of drivers by 70 to 80 percent."

Plenty of us have an intuition that cab drivers would want to be on the road when there's money to be made. But this isn't the case: a number of studies have shown that there's considerable variety in how they decide when to drive. Also, the reality is that the times when people most want a ride are also the times when it's most annoying and, often, most risky to drive. Rush hour, New Year's Eve, 2 a.m. on a Saturday night, snowstorms: generally speaking, these are exactly the times when a driver doesn't want to be on the road. But if driving at those times pays considerably better, then they are more likely to be willing.

What this means is that in the case of Uber, surge pricing doesn't just make rides more expensive (as is the case with airline tickets or hotel rooms at times of high demand). It also expands the number of people who are actually able to get a ride. Customers pay more, but they also get a ride that they otherwise would not have gotten. This is exactly how a market is supposed to work: higher demand induces more supply.

Of course, Uber has been making this argument for a while now, and it hasn't stopped people from complaining. (Though it hasn't stopped people from using the service, either: Uber is now valued at more than $17 billion.) So pundits have proffered a number of suggestions for solving the public relations problem.

The company itself should take no money during surge periods (it now takes 20 percent of every fare), so all the money goes to the drivers. Or it should cap prices to consumers but pay the higher price to drivers, essentially subsidizing people's rides in surge periods. Or when prices rise really sharply, Uber should donate its take to charity.

These are all interesting ideas. But it'd be a mistake for Uber to let public relations trump economics when it comes to dynamic pricing. It makes sense that the company recently reached an agreement with New York's attorney general that caps surge pricing during times of "emergency," since these emergencies are rare, and the negative fallout from them can be immense. But tinkering with the basic idea of surge pricing will only reinforce the status quo and bolster people's implicit assumption that prices should be set, in some sense, independently of supply and demand. The basic reality of Uber's business model is that when people want a ride the most, it's likely to be the most expensive. This will always be irritating, just as exorbitant prices for last-minute airline tickets are irritating. But over time, surge pricing will also become more familiar and less surprising.

Utilities are now starting to use dynamic pricing for electric power, which can help prevent blackouts at times of high demand and promote energy conservation more generally. A new startup called Boomerang Commerce, which is led by former Amazon engineers, has been helping online retailers set prices dynamically. Dynamic pricing is the future, even if the road to get there will be bumpy.

James Surowiecki writes "The Financial Page" for the New Yorker.

Friday, 29 August 2014

Used Fiat 500c Convertible Prices Spike in August - KickingTires

Used Fiat 500c Convertible <b>Prices</b> Spike in August - KickingTires


Used Fiat 500c Convertible <b>Prices</b> Spike in August - KickingTires

Posted: 26 Aug 2014 10:09 AM PDT

2012 Fiat 500c

Summer is winding down, but that didn't stop used Fiat 500c prices from heading up in August. Asking prices on Cars.com for the subcompact 500c, which features a power-retractable soft-top, jumped 8.1 percent ($1,324). That increase put it well ahead of the Toyota Sequoia full-size SUV and Nissan Quest minivan, which advanced 1.9 percent ($792) and 1.8 percent ($405), respectively.

Related Deferred Payments: Read the Fine Print

Prices for the Chevrolet Express 1500 full-size van decreased the most, down 5.3 percent ($1,153) from a month ago. The Chevrolet Volt range-extended electric car and BMW 650i luxury two-door round out the month's top three biggest drops, with prices down 3.8 percent ($897) and 3.6 percent ($2,370), respectively.

Overall used-car prices declined again in August, continuing a trend that began in the spring. Average listing prices were down 1.4 percent ($315) to $22,604. That's the steepest monthly decline we've seen so far this year.

The charts detail used cars from the 2011 to 2013 model years with the biggest price drops and increases. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory.

AugustUsedSalesUp

AugustUsedPriceDrop

Source: Cars.com used-car listings, 2011 to 2013 model years

Cars.com photo by Ian Merritt

2016 Volvo XC90 Review, Ratings, Specs, <b>Prices</b>, and Photos - The <b>...</b>

Posted: 26 Aug 2014 08:08 AM PDT

The completely redesigned 2016 Volvo XC90 bears very little semblance to the boxy, utilitarian wagons the brand built a reputation for in the past.

But if you take the previous XC90—one of the models that originally showed us rugged SUVs don't have to be truck like—and mash it up with a new face, a radically different, decluttered interior, and the connectivity and advanced safety that's part of Volvo's ambitious Vision 2020 project, you get to this: the next generation of Volvo's big family crossover—and, in Twin Engine form, what the automaker says will be the only seven-passenger plug-in hybrid on the market.

Styling

At first glance, the XC90 appears quite conservative—especially when you gauge it against the daring and well-received concepts the automaker has teased in the past year. Rest assured, there are plenty of details from the concept that did make it to production; and while they're mostly in the level beltline, and inside the vehicle, the eye-catching, zig-zagging vertical tail lamps and classy upright grill in front, thankfully did make it to the production model. The proportions aren't all that much different, but the hood is a little longer and more sculpted than before; and from the front, 'Thor's Hammer' LED headlamp array helps give nod to squared-off Volvos of the past—even if this one is more rounded.

Inside, the focus remains on contrast, light, and space. The new, vertically oriented tablet-like touch-screen system is the centerpoint of the XC90's control set, and Volvo has largely cleaned up the clutter of buttons that has plagued even its current and former models.

Performance

The XC90 model line for the U.S. will include a 316-horsepower, turbocharged and supercharged 2.0-liter four-cylinder engine, with an eight-speed automatic transmission. Above that, there's a top-of-the-range Twin Engine plug-in hybrid model, combining the top supercharged-and-turbocharged engine with an electric motor system that, altogether, can deliver 400 horsepower. The system will offer three modes, including a 'power' setting that permits this model to get to 60 mph in less than 6.4 seconds; the plug-in can also go up to 40 miles (around 25 miles) on electricity alone.

No matter which powertrain is aboard the XC90, Volvo claims that the new SPA platform enables a more nimble driving experience compared to the current XC90. The 2016 model is more than 250 pounds lighter than a comparable outgoing model.

Volvo says that craftsmanship was a priority very early on in the project, so look for some materials that are even more striking than ever, with handcrafted details interspersed throughout. In one note that does follow what we saw in earlier concepts, the gear lever is made of crustal glass from famous Swedish glassmaker Orrefors, and the start/stop button and volume knob get a special diamond-cut design.

Comfort and Quality

The front seats in the XC90 follow a completely new design, resculpted for better back support; meanwhile the second and third rows have been redesigned and reapportioned, with the second row adjustable many inches fore and aft and the third row now sized to fit those up to 5'7" with taller passengers seated in the second row.

At a first opportunity to sit in the XC90, we found its second-row seats adult-proportioned and very comfortable, while its third-row seats are doable for taller passengers for very short trips. Entry and exit to the third row is among the best for this class. And in the plug-in hybrid version, there's no sacrifice in versatility and cargo space; the second row has three individual folding sections, and the third row folds forward to form a flush, continuous loading floor with them.

Safety

The 2016 XC90 has two world-first safety features—a system of features that optimizes safety when you run off the road, and a new version of the City Safety auto-brake system, adding intersection capability. In a so-called 'run-off-road' situation, the system tightens the front seat belts, then offers a special design that protects the spine from the strong vertical focus that can occur when the vehicle jumps a barrier or lands in the ditch.

The second feature, an additional component to City Safety, makes the XC90 the first car in the world to automatically brake if the driver turns into an oncoming car. The model carries over the City Safety features already applying auto-brake capability to situations with vehicles, cyclists, and pedestrians. Volvo sees these technologies as laying the framework for autonomous driving.

Otherwise, the XC90 also has a new second-generation whiplash-protection system (WHIPS), and all outboard positions get head-protecting curtain bags. It will probably be many months before we see U.S. crash-test results for the new XC90, but given the newly engineered platform and Volvo's reputation for safety, we'll be very surprised if it doesn't earn top results.

Features

All versions include an entirely new version of Volvo's Sensus system, featuring a capacitive touch screen that's laid out in a portrait orientation and responds to swipes, pinches, and other common tablet gestures. The system skips a conventional menu structure, instead laying out menu options for each core area on a home screen, in list form, allowing you to swipe sideways for more detail in each. This version of Sensus also offers fully integrated apps for streaming audio, like Pandora, and will have integrated concierge services. In a first, brief tour of this system, we found it to be quick-responding and very intuitive; stay tuned for more when we test it in a production vehicle, however.

Other standouts from the feature list, which hasn't yet been detailed, include a 19-speaker Bowers & Wilkins premium audio system is available, and Volvo boasts that this system has one of the first fresh-air-ventilated subwoofers in a vehicle; the subwoofer is actually integrated with the vehicle body and turns the entire space into a bass sounding chamber. Wheel sizes will range up to 22 inches, and Urban Luxury and Rugged Luxury packages will be available to add those larger wheels plus skid plates and a burlier look.

Pricing and Timeline

Volvo will sell 1,927 of these specially marked First Edition models, including numbered sill plates and a special tailgate badge, for a price of $65,900, available only via the Volvo Cars site starting September 3, 2014.

Full pricing and spec details will follow, and we'll update this page as soon as they're announced. In the meantime, Volvo has said that a 2015 Volvo XC90 T6 AWD (including navigation, the full Sensus tablet-like system, 19-inch wheels, and a power panoramic sunroof) will start at $48,900. That's a significant jump from the current 2014 model, and much closer to what the company sees as key rivals like the BMW X5 and Audi Q7.

Look for the 2016 Volvo XC90 to go on sale in April 2015, with Twin Engine plug-in hybrid models arriving by the end of the 2015 calendar year.