Reduction of <b>car prices</b> in Malaysia on track MAI - Paul Tan |
- Reduction of <b>car prices</b> in Malaysia on track MAI - Paul Tan
- Shopping for a car? Used <b>auto prices</b> take a tumble - CNBC.com
- Volkswagen <b>Prices</b> First Electric <b>Car</b>; 2015 e-Golf Will <b>Cost</b> $36,265 <b>...</b>
- Yes, You Do Want to Buy a Used <b>Car</b> From This Man! <b>Prices</b> are Down
| Reduction of <b>car prices</b> in Malaysia on track MAI - Paul Tan Posted: 27 Aug 2014 01:32 AM PDT
Malaysia Automotive Institute (MAI) CEO Madani Sahari claimed that Malaysia was on track to achieve its target of reducing the prices of cars in the country by 25% by 2018, with new cars launched this year priced between 7% to 19% lower than before. According to The Sun, Madani said that the institute is targeting an average reduction of 5% this year, following a 4.97% reduction the year before. "One of the most obvious reasons is market competition because the government has liberalised the automotive industry. When there is market competition, the players have to compete, in terms of pricing," he told reporters. He also said that a gradual reduction in car prices was vital in retaining the values of used cars, as well as giving manufacturers enough time and opportunity to optimise their operations, lower production costs through the reduction of wastages and increase quality and productivity. In other news, Madani said that MAI is expecting an uptick in car sales from September onwards, particularly with the Perodua Axia and the Proton Compact Car (PCC) launching soon. Overall, the institute predicts sales to surpass the 670,000 units projected by the Malaysian Automotive Association (MAA) this year, with sales of 700,000 units expected in 2015. He also talked about the future of Proton and Perodua, saying that both national carmakers have begun on their respective transformation plans and that MAI is confident they will be able to achieve their targets. "We are confident with the existing management of Proton and Perodua to deliver what they need to do to be globally competitive," Madani said. "I know what they are doing and I'm confident they will achieve the target."  |
| Shopping for a car? Used <b>auto prices</b> take a tumble - CNBC.com Posted: 15 Aug 2014 10:40 AM PDT  Patrick T. Fallon | Bloomberg | Getty Images Customers shop for used vehicles at a CarMax in Burbank, Calif. There are a few exceptions, such as pickup trucks, which have been in increasingly high demand as contractors and fleets rebound along with the economy. But there are deals to be had on "nearly new" luxury cars and a number of other models, according to Tom Webb, chief economist for Manheim, which runs used vehicle wholesale auctions. Read MoreHow millennials are reshaping the car buying process He said a typical midsize sedan that might have cost $15,000 in June was going for about 2 percent less in July, or around $14,700. The Black Book, which tracks vehicle values for dealers, estimates that values at the dealer level slumped from an average $22,863 in August 2013 to $20,463 by July this year, an 11.8 percent decline. More from The Detroit Bureau: Used car prices took what Webb called an "unprecedented" surge in 2008, hitting an all-time peak three years later and generally holding at above-trend numbers until now. The reason? A lack of supply. But the new car market has rebounded faster than anticipated, so there is a growing supply of used vehicles available, driving down prices. —By CNBC Contributor Paul A. Eisenstein. Follow him on Twitter @DetroitBureau or at thedetroitbureau.com. |
| Volkswagen <b>Prices</b> First Electric <b>Car</b>; 2015 e-Golf Will <b>Cost</b> $36,265 <b>...</b> Posted: 25 Aug 2014 12:34 PM PDT Volkswagen today announced pricing for the all-new 2015 e-Golf as the electric hatchback prepares to "charge" into dealerships in the fall. VW's first fully electric, zero-emissions vehicle starts at $36,265, including an $820 destination charge, for the SEL Premium model. Related: More Electric Cars Than Ever, Still Not Available Everywhere The e-Golf, which we first saw at the 2013 Los Angeles Auto Show, is powered by a compact electric motor and 24.2-kilowatt-hour lithium-ion battery pack, good for 115 horsepower and 199 pounds-feet of torque. It's mated to a single-speed automatic transmission. Volkswagen said the e-Golf has an average range of 70 to 90 miles and a 7.2-kilowatt onboard charger, achieving an 80 percent battery charge within 30 minutes. The hatchback offers three driver-selectable modes: Normal, Eco and Eco Plus. Standard exterior features include 16-inch aluminum-alloy wheels, power adjustable and heated exterior mirrors, LED headlights, and body-colored exterior mirror caps, moldings, door handles and bumpers. Standard interior features include V-Tex leatherette seating surfaces with front manual lumbar support, a tilt/telescoping steering wheel, split-folding rear seats, heated front seats, automatic dual-zone air conditioning, and a leather-wrapped handbrake, shifter knob and steering wheel. Tech features include a 5.8-inch touch-screen multimedia system with navigation, Bluetooth connectivity, SiriusXM satellite radio and VW Car-Net connected services in addition to keyless entry, a backup camera, front and rear Park Distance Control, and an automatic post-collision braking system. Fans of the regular Golf's competitive interior and cargo space won't have their style cramped by the electric version. The e-Golf boasts the same 22.8 cubic feet of cargo space behind the rear seats and 52.7 cubic feet with the rear seats folded, as well as overall interior space of 93.5 cubic feet, as its gas-powered sibling. What's not identical between the two is starting price. The e-Golf's $36,265 price tag is nearly twice that of the regular 2015 Golf, which starts at $18,815 with destination. It's also significantly more expensive than 2015 versions of competitors the Nissan Leaf ($29,860) and Fiat 500e ($32,650), but on par with the 2014 Ford Focus Electric ($35,995). Buyers will decide if it's worth the extra charge when the e-Golf goes on sale in November in select states. Manufacturer images |
| Yes, You Do Want to Buy a Used <b>Car</b> From This Man! <b>Prices</b> are Down Posted: 15 Aug 2014 08:54 AM PDT Come on down! Used car prices are tumbling sharply and likely to slide through 2016, according to pricing trends. There are a few exceptions, such as pickup trucks, which have been in increasingly high demand as contractors and fleets rebound along with the economy. But there are deals to be had on "nearly new" luxury cars and a number of other models, according to Tom Webb, chief economist for Manheim, which runs used vehicle wholesale auctions. He said a typical midsize sedan that might have cost $15,000 in June was going for about 2 percent less in July, or around $14,700. The Black Book, which tracks vehicle values for dealers, estimates that values at the dealer level slumped from an average $22,863 in August 2013 to $20,463 by July this year, an 11.8 percent decline. Used car prices took what Webb called an "unprecedented" surge in 2008, hitting an all-time peak three years later and generally holding at above-trend numbers until now. The reason? A lack of supply. But the new car market has rebounded faster than anticipated, so there is a growing supply of used vehicles available, driving down prices.
More from The Detroit Bureau: Cult or Car? Thousands Ride Along as Mini "Takes the States Ford Investigating Fire that Destroyed Aluminum Concept Truck Most Americans Have Had Sex in Cars - Paul A. Eisenstein, The Detroit Bureau First published August 15 2014, 9:44 AM |
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