Autoblog

The 2008 Chevy Malibu has snatched up awards and media accolades, and JD Power data shows that customers are paying Chevy dealers handsomely to own one. The average transaction price of a Chevy Malibu is $22,358 -- $5,000 higher than the inherently uncool last-gen 'Bu. Twenty-one percent of buyers are also opting for the top-of-the-line LTZ vs. only 5% for the outgoing model.

The news isn't all rosy, however, as most of these customers are trading in other GM products to get themselves into the North American Car of the Year. Only 1.4% of buyers traded in a Toyota Camry, 1.3% swapped a Nissan Altima, and less than 1% turned in a Honda Accord. Those aren't exactly the kind of numbers GM will want to brag about, but at least the General is pulling in the equivalent of two Tata Nanos more per car than the last generation model did.

[Source: Detroit News]

Being Toyota doesn't grant you any additional immunity from simple global economics. Word from Tokuichi Uranishi, executive vice president of Toyota, is that one of the world's largest automakers is going to miss its sales target of 9.85 million vehicles for 2008.

Toyota execs cite slowing sales in the United States, Europe, and Japan as a primary factor. In addition, rising raw material costs are hurting the global automaker, which assembled 9.37 million vehicles in 2007. To top it off, a yen that hit a 13-year high against the dollar at the beginning of this week is cutting profits on exports from Japan.

It may be up to China, Russia, and Korea to pick up some of the slack. Those emerging Asian markets are active, and Toyota is looking at them for future growth. In a move towards achieving that goal, the Prius, Camry, and RAV4 sports-utility will be introduced in South Korea shortly. Sales are expected to be just 500 units per month initially, and then increase to upwards of 1,000 a month.

[Source: Automotive News, subs req'd]

click above for more high-res images of the 2009 Hyundai Sonata

The new 2009 Hyundai Sonata gets a bump in interior refinement and available power, and the South Korean automaker would like to be paid for all its troubles. The 2009 Sonata Limited saw the largest jump in price, with the new model going for $24,645, up $1,650 from the 2008 model. At the bottom of the Sonata lineup, Hyundai increased the sticker on the entry GLS by a more reasonable $700 to $18,795, or $19,995 with the upgraded five-speed automatic transmission. Oddly enough, however, the base Sonata is now $75 more than a base 2009 Camry, which is an interesting decision on Hyundai's part. With destination and delivery charges included, the base Sonata GLS is now $585 less than the base 2009 Toyota Camry, which starts at $19,380. The base Chevy Malibu LS, meanwhile, now equals the automatic Sonata GLS in price at $19,995 with d&d costs included.

With prices going up by up by seven percent on certain models, Hyundai may have lost some of its price advantage on the competition. With better quality and improved refinement, it's clear to us that the South Korean automaker is banking on Americans picking the Sonata based on criteria other than price.

UPDATE: Corrections made to pricing of base 2009 Toyota Camry and base 2008 Chevy Malibu. The 2009 Hyundai Sonata still undercuts the Camry and now equals the base Malibue in price

[Source: Hyundai]

Each month, 13 million visitors use Edmunds to research cars and trucks, and once again Honda and Toyota dominate the site's list of top searches. The Honda Civic and Accord along with the Toyota Camry lead the hit parade, followed by six other Japanese models and the BMW 3-Series. The two Japanese juggernauts also owned the top truck searches, with the fuel efficient Honda CR-V and Toyota RAV4 taking first and second, respectively. The only other automaker to crack the truck/SUV/minivan category was GM, with the GMC Acadia coming in at number five, and the Saturn VUE rounding out the top ten.

It's interesting to note that the vehicles car shoppers research most aren't exactly the the ones that produce the highest sales volume, as evidenced by the Mazda3 besting the economy car sales champ Toyota Corolla by three spots. Also worth noting is that automotive stalwarts have a much larger presence on Edmunds than do new models like the Chevy Malibu or the Cadillac CTS. To check out the complete car and truck top ten from Edmunds AutoObserver, click the read link below.

[Source: AutoObserver]

A Bayonne, NJ squirrel sadly met his maker this week after chewing through an overhead power line. Apparently unaware that eating through shielded electrical cable does not yield a pleasant surprise in the middle like what one might find in, say, a Tootsie Pop, it was "Flame On, Johnny!" for our furry friend. Off the powerline he went, falling onto a 2006 Toyota Camry parked below. In a posthumous act of defiance that may or may not have been an editorial statement directed at Toyota's "Committee to Create Interesting Cars," the little critter somehow managed to slide into the engine compartment, turning the sedan into an impromptu funeral pyre. According to The Jersey Journal, the car's owner, Lindsay Millar, is fully insured. Her coverage presumably includes arson by flaming squirrel.

[Source: The Jersey Journal via Amazon.com Automotive Editors' Blog]

Squirrel photo by grendel|khan. Used with permission via Creative Commons Attribution-Share Alike 2.0.

Toyota Motor Corp. is apparently looking into adding a new model to the assembly line at its Georgetown, Kentucky facility. That's the plant we've recently covered regarding union issues. Georgetown is currently building nothing but Camrys right now, so adding a new crossover to the mix "would help ease the plant's dependence on Camry sedans." Sure, like five million Camrys indicates they need a change. They have already added Camry Hybrid production, but it's never a bad idea to diversify to allow for market fluctuations.

The plant update would likely cost around $400 million, but wouldn't add overall production capacity or swell the work force. If and when another model is added, it is likely to be a new crossover, which would require Toyota to shift some Camry production to other facilities. They would also have to be able to build this new crossover in other Toyota plants to meet global demand. With a potential $400 million on the line, it's not surprising to hear that the Kentucky legislature is working on an incentive package for the expansion.

[Source: Automotive News, sub. req'd]

Oh that Camry, such a charmer. It's so not sitting home on Valentine's Day without a date. This time it's the Canadians giving up some automotive love, handing the Camry another trophy for its burgeoning display case - the Canadian Car of the Year award from the Automobile Journalists Association of Canada. Going home with Good Sport stickers (or plaques or certificates or whatever they get) are the Honda Fit, Volkswagen Rabbit, Lexus ES350, Audi S8, MazdaSpeed3, Volkswagen Eos and the BMW 3-Series Coupe. What a fight that must have been. The AJAC's press release is after the jump, and all their test data and performance numbers are on their site for comparison.

The award was given out today as part of the Canadian International Auto Show, where Toyota took home three more awards, one of which wasn't Camry related. The Lexus ES350 was named the best new luxury car under $50k, while the Camry LE got Best New Family Car $22k-$30k, and the Camry Hybrid also got Best New Family Car over $30k. In the photo above, that's one proud Stephen Beatty, managing director of Toyota Canada, with his company's CCOTYs.

In case you need some ammo with which to attack/support the AJAC's decision, last year's top CCOTY was the Civic Sedan, in 2005 the Mustang, in 2004 the Mazda3 and in 2003 the 350Z. The Altima won in 2002 and the PT Cruiser took top honors in 2001.

Thanks for the tip, Peter!

The Toyota Camry, despite being knocked by many enthusiasts as soulless and bland, has still managed to outsell every other car on the market. Second on the list is its own sibling, the Corolla. And sales keep going up, so it obviously has a lot going for it. First it wins "Most Popular" award for its sales record and now it has won Motor Trend's Car of the Year for 2007. We'd say it's a shoe-in for Miss Congeniality, too. Motor Trend Magazine's Editor-in-Chief Angus MacKenzie issued a statement that said the award goes to the whole Camry range for its innovation and wide appeal. This is, amazingly enough, the first win for the Camry. It beat 26 other nominees for the title.

The MT COTY awards are reserved for vehicles that are all, or significantly new during the model year. This explains, for instance, why last year's winner, the Honda Civic, wasn't nominated. Looking at the list of competitors, we see 10 Japanese cars, six Americans, five Koreans, four Germans, one Brit and one Swede. A pretty good group of cars, including the Chevrolet Aveo, Chrysler Sebring, Dodge Caliber, Honda Fit, Hyundai Elantra, Hyundai Entourage, Infiniti G35, Jaguar XK, Jeep Compass, Kia Optima, Kia Rondo, Kia Sedona, Lexus ES 350, Lexus LS 460, Mercedes Benz S-Class, Nissan Altima, Nissan Sentra, Nissan Versa, Porsche Cayman, Saturn Aura, Saturn Sky Redline, Suzuki SX4, Toyota Camry, Toyota Yaris, Volvo C70 T5, Volkswagen EOS, and Volkswagen Rabbit.

Did it deserve the golden calipers? Sound off in the comments.

[Source: MSNBC]

Thanks for the tip, Justin!

It's crunch time in the auto industry, there's no doubt about that. The Detroit Free Press' Mark Phelan paints the picture in the simplest -- yet starkest -- terms possible when he lays out the seven models that can make or break the profits of the major automakers.

Chevrolet Silverado: Chevy's best-selling pick-up accounts for a HUGE amount of sales and market share for General Motors, and despite its class-leading fuel economy, gas prices and other factors are shifting buyers away from full-size pick-ups.

Toyota Tundra: This full-size pickup supplies jobs to thousands of people in Indiana and Texas, true, but its real significance is as a market share cannibal to the Dodge Ram, Ford F-150 and Chevrolet Silverado. The difference is that Toyota doesn't need the Tundra to make it, but the Big 3 need their trucks to do well in order to stabilize.

Ford Edge: It's one of just a few new Ford vehicles hitting the market this year, while other automakers like Toyota and Chrysler seem to have one vehicle after another hitting the streets and infiltrating consumers' consciousnesses. More importantly, the Edge's job is to pick up those customers leaving their Explorers and other larger trucks behind.

Honda Accord: With the new Camry out, it's easy to see that Honda must step it up with the Accord to keep its status as the better-designed, better-performing alternative to the Toyota Camry. The Koreans may not be hot on Honda's heels yet in terms of sales, but with the bold(er) design of the Camry and the less expensive Hyundai and Kia models to choose from, Honda has a tall order to fill with next year's Accord.

Nissan Altima: Nissan might have experienced a comeback thanks to risky design and impressive performance. The Altima? Not so much, at least as of late. Nissan's got a lot on its plate if it wants to put itself back on the import sedan map.

Chrysler Town and Country/Dodge Caravan: It survived the SUV craze, but can it survive crossovers? And more importantly, can it survive the import minivan craze? The Chrysler Town & Country is a pillar of strength for Chrysler, but it will be hard-pressed to stay there.

Buick Enclave/GMC Acadia/Saturn Outlook: They're GM's answer to the Honda Pilot, Toyota Highlander and Lexus RX330, and critics say they have the styling and fuel economy to be true contenders. Considering the importance of the segment, GM seems to be putting its best foot forward.

[Source: Detroit Free Press]

Hyundai is gradually climbing the street cred ladder with its 2006 Azera, which went for a whopping (at least by Hyundai standards) $27,500 average transaction price in March; the highest of any Hyundai ever and higher than the XG350 the Azera replaces. While Hyundai still fights the perception that real car buyers don't buy its wares, the company is already selling twice as many Azeras as it did XG350s.

One thing the company says is working is its Hyundai Challenge, which encourages drivers to try out the Hyundai Sonata and compare it to other imports in its class, including the Honda Accord and Toyota Camry. Inside Line quotes a Hyundai spokesperson as saying the company won't pit the vehicle against its domestic rivals because "we want consumers to know we are competitive against the imports [rather than] brands losing market share." Ouch, that kind of rhetoric must sting in Detroit.

[Source: Edmunds Inside Line]