Car Dealerships Facing a Dilemma: Get Big or Get Out

Car buyers who have been purchasing their cars from the same dealership for generations could see a different kind of for-sale sign the next time they visit. Small to mid-size dealer groups are selling their businesses to car-retail giants or investment firms.

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Dealers say that they need to get triple revenue in the next 5 years to offset shrinking margins and increasing competition from companies that did not exist a decade ago. The internet has made the field very tough, by making car prices more transparent for customers and giving them the opportunity to shop around. It has also enabled the online shopping for used cars.

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Hyundai Santa Cruz Pickup Truck is Due Around 2020

Set to go directly against Honda’s Ridgeline, the road-going version of the Santa Cruz concept has been announced for 2020. Like its competitor, the workhorse will try to offer a car-like driving experience coupled with the extra practicality of a pickup truck.

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It is not known how much the concept’s design will influence the looks of the production model. There’s also doubt in the matter of what will power the Santa Cruz, considering that the concept had a four-cylinder 2.0-liter diesel engine. While it was acceptable in the pre-Dieselgate era, only time will show whether the road-going Santa Cruz will feature a CRDi engine.

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Mitsubishi to re-build its Lancer as a crossover

You probably already know how Mitsubishi re-purposed the Eclipse name for a Qashqai-sized crossover, don’t you? Well, this time the automaker will use the Lancer name for a medium-sized crossover.

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Used since the early 70s for a succession of saloon cars – some of which were turned into fire-breathing, rally-bred Evolution cars – the Lancer name bowed out in most markets last year.Mitsubishi Lancer is about to make a comeback on a new SUV which is aimed to take on small crossovers like the Toyota CH-R and C-segment hatchbacks such as the Ford Focus RS.

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Nissan LEAF- the best-selling electric car in the world

Last fiscal year the sales of Nissan surged 10%, driven by growing customer demand for the zero-emission Nissan LEAF, the world’s best-selling EV. Across all the major markets: Japan, Europe and the U.S., this electric car posted robust sales growth in the fiscal year that has ended on March 31.

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Demand is expected to keep rising as customers embrace the new, second-generation Nissan LEAF, which offers increased range and new, advanced technologies. Sales of the redesigned model, introduced in October 2017, are gaining traction in Japan and the U.S. The all-new LEAF is set to go on sale in more new markets this fiscal year, including Latin America and the Asia & Oceania region.

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The 2018 Hyundai Sonata Hybrid might become a hit in its segment!

The 2018 Hyundai Sonata Hybrid has pulled out all the stops to make sure it is a hit in the mid-range hybrid segment. The car comes with refreshed design, improved fuel economy, and a range of advanced tech features. Thanks to a price that starts at $25,500, this car represents one of the best value-for-money choices in this market.

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That price is 500 bucks lower than the 2017 model year, while 2018 Hyundai Sonata Hybrid is better looking and better equipped. The sedan has a 2.0L GDI 4-cylinder Hybrid with a 6-speed automatic transmission that delivers an average fuel economy of 42 mpg. In terms of features, even the base model now boasts Blind Spot Detection with Rear Cross Traffic Alert, while Limited trim gets Panoramic sunroof, bi-function LED headlights and LED interior lights. There is also an Ultimate package which adds Automatic Emergency Braking, Lane Keep Assist, wireless charging pad and heated steering wheel.

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Ford declined GM’s 9-speed offer

Ford decided not to go for the nine-speed transmission offered by General Motors. The company opted for 2 new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect, and Lincoln Nautilus.

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The first of those is based off the nine-speed, dropping one of the gears. The second eight-speed, for higher-performance vehicles such as the upcoming Edge ST and V-6 version of the Nautilus, adapts a six-speed that was co-developed with GM as part of a 2002 tie-up. A third eight-speed is expected for smaller, lower-torque vehicles.

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