Inside the Industry

Toyota reports all-time sales and production records in 2023

(January 30, 2024) TOKYO — Toyota has reported all-time highs in sales and production in 2023 as the Japanese auto juggernaut put the microchip shortage behind it and ramped up factories to meet booming demand in the U.S. and Europe, especially for electrified vehicles. In announcing calendar year results today, Toyota said global sales climbed 7.2 percent to 11.23 million vehicles. The results include sales from the company's consolidated Daihatsu minicar subsidiary and truck making Hino Motors affiliate. This according to Automotive News.

All-new Hyundai Santa Fe starts at $35,345

(January 30, 2024) FOUNTAIN VALLEY, Calif. — Hyundai has released pricing for the all-new 2024 Santa Fe SUV with a premium new design, standard three-row seating, standard 2.5L turbocharged powertrain, and an entry price of $35,345 including destination charge. Santa Fe 2.5L turbo models are arriving at dealers now, with hybrid models arriving this spring.

Consumer Reports cites defect in 2023 Honda HR-V

Magazine finds numerous owners
have reported shattered rear windows

(January 30, 2024) Owners of the 2023 Honda HR-V are reporting their rear windows shattering suddenly, an issue Consumer Reports said warrants a recall. Honda has said a manufacturing defect where the sealer securing the rear glass on some 2023 HR-V vehicles meets the heating of the defroster weakens the glass from the heat.

New MiniCountryman S ALL4 tackles Iceland in winter

(January 30, 2024) REYKJAVIK, Iceland — Two-digit sub-zero temperatures, deep snow-covered routes and uneven scree tracks promise real challenges. In the midst of Iceland's breathtaking nature, the new MiniCountryman S ALL4 can prove its off-road qualities. In the John Cooper Works Trim with a bright chili red body color and a shiny black contrasting roof in jet black, the grown crossover model already exudes a visually superior presence.

Bentley Blower Jnr to premiere in Europe at Retromobile Classic event

85 per cent scale recreation of
1929 supercharged Bentley on show

(January 29, 2024) Bentley Motors will showcase the road-legal, 85 per cent scale recreation of the British brand’s most iconic car at the Retromobile classic event in Paris. The European debut of the hand-crafted ‘Blower Jnr’ follows a unique collaboration between Bentley’s own Heritage Collection and The Little Car Company of Oxfordshire, England.

Lincoln to continue cutting dealerships; down 200 by end of 2024

(January 29, 2024) Lincoln shed a record 100 U.S. dealerships in 2023 and plans to slash 100 more this year as it seeks a smaller, more profitable retail network. By year end, Ford's luxury arm expects to have roughly 400 stores, about 40 percent fewer than in 2021 but still more than most other luxury brands have, according to a report in Automotive News.

World premiere — Porsche takes the all-electric 2024 Macan to a new level

Fully electric powertrains with
up to 630 hp and 833 lb.-ft.

(January 27, 2024) STUTTGART, Germany — Ten years after its launch, the Porsche Macan is heading into a bold new direction, now in all-electric form. Through its progressive, timeless design, characteristic Porsche performance, range suitable for everyday use and high level of practicality, the new Macan 4 and Macan Turbo aim to completely fulfill the requirements of Porsche customers choosing an SUV.

2024 Subaru Solterra updated with faster charging, no price increase

Starting price of $44,995 is no
increase from the previous year

(January 26, 2024) Subaru of America has announced pricing on the enhanced 2024 Subaru Solterra all-electric SUV with several new features to improve comfort, driver safety, and versatility — all without increasing the price over the previous year. The 2024 Solterra is available in Premium, Limited, and Touring trim levels and has a starting price of $44,995. The 2024 Solterra will qualify for applicable federal tax credits of up to $7,500 for some owners.

Driving with hydrogen — Toyota Mirai offers an electrifying ride

EPA Estimated 402 miles range
rating on XLE grade Mirai

(January 26, 2024) PLANO, Texas — With its innovative engineering, sleek design and luxury interior loaded with advanced technology for an interactive drive, the 2024 Toyota Mirai consistently delivers an exciting ride. In its second generation, the Mirai provides an electrifying excitement, dynamic driving performance and has an EPA-estimated range rating of 402 miles on the XLE grade.

Cadillac introduces 2025 Cadillac CT5-V and CT5-V Blackwing

(January 25, 2024) Cadillac introduced the refreshed and more advanced 2025 CT5-V and CT5-V Blackwing— bringing the next iteration of bold American craftsmanship, technology and performance to the highly-accoladed luxury sport sedans. Celebrating its 20th anniversary, V-Series is the ultimate expression of Cadillac design, performance and technology, and the purest expression of the passion that exists at the core of the Cadillac brand.