Archive for the ‘News’ Category

2011 Ford Explorer – Pictures, News, Specs & Prices…

Tuesday, July 27th, 2010
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After a long wait, Ford has released it’s 2011 Ford Explorer and it looks like it has lived up to the hype!

To get the FULL DETAILS from Ford on the New 2011 Ford Explorer, click here to see Ford’s press release.

Canadian prices have not been announced yet, but based on the US base price of $28,190 up to the Limited version at $45,000 it should be very competitive.  For fun, you can build & price a US version using this link.

As soon as Ford of Canada announces their prices, we will have the Retail and Wholesale Prices for the 2011 Ford Explorer. 

To be alerted as soon as Canadian prices for the 2011 Ford Explorer are available click here (even if you are not a member of CarCostCanada)

 For 2010 Ford Explorer Retail and Wholesale Prices click on this link.

Autoblog.com has had several stories out already on the 2011 Ford Explorer.  Here are some links:

2011 Ford Explorer unveiled, tries crossing over on road to redemption

2011 Ford Explorer puts four-cylinder EcoBoost engine above V6 in pecking order

Confusing Car Buying Advice – What Not To Say When Buying a New Car – We’ll Help Set the Record Straight

Friday, July 23rd, 2010
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Confusing Car Advice

Confusing Car Advice

It seems like every two days there is a new opinion out there on how to purchase a new car.  Don’t do this.  Never say this.  This is the way.

Well, here’s another opinion from the pen of Hannah Elliott found on CTV News.  In her article titled: “What not to say when buying a new car”.    Hannah gives some odd and contradicting advice.

Example 1: “…keeping your mouth shut (at least in the beginning) about several things, like how you plan to pay for the vehicle, or the fact that you’re not sure exactly what you need in a car, will serve you well when you finally do make a purchase.”

I’m not exactly sure how this is helpful advice?  “Ya, I’m looking for a car… or an SUV.  I dunno.  I may lease, I may finance.  I may not.  I dunno…”.  You can expect GREAT service after that!?  The only thing that piece of advice will do is aggravate the sales person because now he/she does not have a clue what you are asking for.  How can they possibly show you anything of interest if you yourself appear to have no idea what you are looking for? 

A better example would be suggesting you are interested in a certain type of vehicle (IE: mid-size sedan) and are open to the options in regards to how you may purchase it.  Now the salesperson will show you his mid-sized line-up and offer you several payment choices.

Example 2: “Dealers kind of prey on the fact that you’re going to be excited,” says James Bell, executive market analyst for Kelley Blue Book.  “Getting a new car is fun, and it’s exciting, and you can’t wait to drive home and show your neighbours. They know that.”

That’s solid advice, my man!  Let’s take all the fun out of making the second biggest purchase in your life.  Instead, let’s do this:  Make it a complete chore and go out of your way to have ZERO fun.  Go into the dealer and be really pissed-off looking.  Grunt and groan about how you hate buying cars and can’t stand salespeople.  Maybe bring your kids in just before dinnertime so they can be just as angry as you are. 

People feed of each other’s energy.  If you want to have a positive experience in a showroom, perhaps try being positive.  I think these writers don’t give consumers enough credit.  Just because we’re enjoying something doesn’t mean that we will leave our common sense at the door and throw our budget to the wind. 

But, Hannah does try to redeem herself at the end of her article by stating “Above all, be honest, decisive and direct.”  HUH?!?  Don’t tell them a thing but be honest and direct.  Lady, your confusing us all…

If you really want to enjoy your car buying experience, I have 3 simple steps to buying a car with no non-sense:

  1. Visit www.carcostcanada.com
  2. Build & Price the vehicle(s) of your choice
  3. Print Wholesale Price Report and visit dealer with it in hand and you’ll be amazed at how easy it is to buy a new car at a great price.

You won’t go wrong, when you know what the dealer paid…

If you’d like to read the full article on What Not To Say When Buying A Car on CTV News by Hannah Elliott follow this link.

Ford will offer Hybrid at same price as Gas model

Friday, July 23rd, 2010
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2011 Lincoln MKZ

2011 Lincoln MKZ

Maybe this is how Ford continues to grow!!!

“For the first time, a North American automaker plans to sell a hybrid car for the same, lower price as its gas-powered counterpart, removing at least one obstacle for drivers who want a greener ride.

At a little more than US$35,000, the 2011 Lincoln MKZ sedan won’t be cheap, but the decision by Ford to match the prices of the two styles could lead competitors to follow suit with future models.

The hybrid MKZ, debuting this fall and running on both gas and electric power, will be a bargain after factoring in savings at the pump. It gets more than double the mileage of the traditional version in city driving.

While automakers won’t reveal what they spend to install a hybrid system in a car, the final product usually costs several thousand dollars more than a gas-powered version of the same car….” – CTV News.ca

Read the full article on Ford offering a Hybrid for the same price as the Gas model on CTV News.ca

Ford Earns $2.6B Second Quarter Profit!

Friday, July 23rd, 2010
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Ford-Logo

Ford Motor Co.

It’s amazing how far Ford Motor Company has come.

When others were seeking billions of dollars in Government bailout funds; Ford said “No thanks”.  When others concentrated more on big-wig staffing changes and who gets what bonuses; Ford concentrated on their model line-up.  And when others fell short of goals and sales targets; Ford blew right by them!

“Want more proof that Ford is really starting to pick up some serious momentum? The Wall Street Journal is reporting that The Blue Oval will follow up its $2.1 billion first quarter profits with another $2.6 billion in black ink for the second quarter. That’s a far cry from the $424 million the automaker lost in the second quarter of last year and another big step towards sustained financial success. Ford is making money in part because of restructured costs, but also because of increased awareness in its well-reviewed new products.

Ford is looking better on many fronts, including models with more competitive pricing, higher residual values, improved quality and sales increases that are outpacing most of its rivals. Ford now has a competitive small and midsize car lineup for the first time in decades, but the big money is still coming from larger vehicles. F-150 sales, for example, are up 25 percent for the quarter, while Super Duty sales are reportedly up 55 percent. In terms of average transaction prices, another success has been the revamped Taurus, which is fetching a whopping $6,300 more than the outgoing model and $850 more than the average Toyota Avalon. “  -  Chris Shunk – Autoblog.com

2011 Honda CR-Z prices to start at $23,490 CDN

Tuesday, July 20th, 2010
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2011 Honda CR-Z

The new 2011 Honda CR-Z is set to go on sale (in the U.S.) on August 24, 2010 starting at $19,200 plus D&D (freight) of $750 US for a total of $19,950.

In Canada the MSRP prices will start at $23,490 + $1,395 for a total of $24,885. Mind you the Canadian “base” car is equivalent to the upgraded “EX” model in the US which will be priced at $20,760 + $750 = $21,510.

Considering the exchange rate is currently around 5% and Canada’s 6.1% duty on imported cars, the difference of 15.6% ($24,885/$21,510=15.6%) isn’t too bad.

The prices are not live in our system yet, but will be soon. Don’t expect a deal any time soon. The difference between the retail and wholesale dealer invoice price is just a touch over $1,000, plus the Ontario govenment just cut out the $2,000 PST rebate so its not as cheap as it could have been in June if it had been available. 

Official launch date is August 10, 2010.

For all current 2010 Honda Canada Prices click here

Deals of the Week: 528i, Explorer, Pilot, 370Z Coupe. What’s the better deal, cash back or cheap money?

Monday, July 19th, 2010
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Jeremy Cato - The Globe and Mail

Jeremy Cato - The Globe and Mail

In the latest Deals of the Week from Jeremy Cato, he talks about what’s becoming the age old question:  Cash purchase or low rate financing?

Jeremy hits the nail on the head with his great and simple scenario that explains it quick and dirty. 

“But for buyers who must finance, the question is whether it’s better to take the cash rebate and then negotiate a separate car loan, or simply stick with the 0.0 per cent factory deal.”

Also featured are 4 new vehicles that you wouldn’t think would end up on the Deals of the Week; the BMW 528i, Ford Explorer, Honda Pilot and Nissan 370Z.

Read the full article on:  Deals of the Week: 528i, Explorer, Pilot, 370Z Coupe by Jeremy Cato on The Globe and Mail website.

Canadian New Car Sales Results – June 2010

Friday, July 16th, 2010
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Canadian New Car Sales Results - June 2010

Again, Light Truck sales continue to be on fire; up 27% from last year in the month of June.  Passenger vehicles remain steady; seeing a 2% loss from June 2009 leaving the overall vehicle market up 11.6% in the month of June, 2010.

It will be exciting to see the July sales results.   Typically vehicle sales are lower in the summer months but GM and Ford have released an “Employee Pricing Plan” to combat these previous trends.  See our article regarding the GM and Ford Employee Pricing event.

Now onto the stats:

The Top 5:

Make Jun-10 Jun-09 Change Build & Price
Ford of Canada      31,706         27,373 15.8% Ford Prices
General Motors      25,646         22,034 16.4% Chevrolet Prices
Chrysler Canada      18,454            9,161 101.4% Chrysler Prices
Toyota Canada      14,607         17,198 -15.1% Toyota Prices
Hyundai Canada      11,501         10,104 13.8% Hyundai Prices

Ford is obviously the hottest selling car maker in Canada!  Although they are doing well in ‘truck’ sales, they’re not leading the ‘car’ sales results yet. Their continuing rise in the rankings plus the introduction of the 2011 Ford Fiesta suggests it’s only a matter of time.  31,706 units up 15.8%!!!

A notable mention to GM who gained 16.4% over last June and Chrysler who is back on track (last June they stopped delivering vehicles to dealers due to their bankruptcy).

Hyundai again gains ground beating out Honda and Nissan and is knocking on the door of Toyota.

Top 5 Gainers by %:

Make Jun-10 Jun-09 Change Build & Price
Chrysler Canada      18,454            9,161 101.4% Chrysler Prices
Land Rover            213               123 73.2% Land Rover Prices
Subaru        2,316            1,763 31.4% Subaru Prices
Infiniti            809               679 19.1% Infiniti Prices
General Motors      25,646         22,034 16.4% Chevrolet Prices

5 Biggest Losers:

Make Jun-10 Jun-09 Change Build & Price
Suzuki            730            1,273 -42.7% Suzuki Prices
Smart            233               303 -23.1% Smart Prices
Acura        1,439            1,812 -20.6% Acura Prices
Volvo            716               901 -20.5% Volvo Prices
Toyota      14,607         17,198 -15.1% Toyota Prices

Suzuki continues its loosing trend, down 42.7%.

Acura takes a steep dive down 20.6% from last June.  Perhaps due to the redesign of their line-up to the contriversial front end. 

Toyota continues to loose market share… 

Automotive Groups & Market Share:

Make Jun-10 Year to date Market Share
Ford      31,706              16.9%
General Motors      25,646              15.7%
Chrysler      18,454              13.4%
Toyota & Lexus      16,036              11.9%
Hyundai & Kia      17,365              11.3%
Honda & Acura      11,889                9.4%
Nissan & Infiniti        8,057                5.3%
Mazda        7,218                5.2%
Audi, VW & Porsche        5,894                3.9%
Mercedes & Smart        3,109                2.0%
BMW & Mini        3,507                1.9%
Subaru        2,316                1.7%
Mitsubishi        1,604                1.3%
Suzuki            730                0.6%
Land Rover & Jaguar            318                0.3%

New car sales ‘Market Snapshot’ courtesy of Desrosiers.ca

GM & Ford Announce Employee Pricing for July 2010

Tuesday, July 13th, 2010
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General Motors (GM) and Ford of Canada have announced their Employee Pricing Event for July 2010.

What does Employee Pricing mean?

Employee Pricing typically equals the dealer invoice price, less any factory rebates. Therefore as long as the factory rebates don’t change, you are saving by not having to pay a dealer markup/profit, which in most cases would be 3%-4% if you are smart enough to use a CCC Wholesale Invoice Price Report to negotiate your deal.

The only problem is that in the past when we’ve seen Employee Pricing programs, the factory has conveniently reduced the factory rebates. So, with one hand they’re offering you savings and with the other they are taking it away by clawing back on the rebates. . . Nice! 

The GM Employee Pricing program started a couple of weeks ago and all details are now live in our system. In most cases the rebates were lowered, but not by that much. Plus the dealers get a 5% commission for selling their vehicles at their cost. Many of our dealers have already committed to sharing some of their rebates with our members, so that’s a good deal made even better.

We’ll have the new Ford Employee Pricing program details live right after the weekend. So if you want to compare, get a report on any vehicle you are interested in now, then get another one after the program updates and see which way works out better (additional reports on the same vehicle are always free at CCC). Unfortunetly, you can’t get the old program if it was better, but in most cases the new program should be better.

Quick note: Employee pricing programs typically apply to most 2010 & 2011 models.  Keyword: Most.  Of course, the best of the best are usually not included. 

Full report to follow, stay tuned.

Deals of the Week: Charger, Enclave, Commander and Wrangler. As published in The Globe and Mail

Tuesday, July 13th, 2010
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Jeremy Cato - The Globe and Mail

Deals of the Week - Jeremy Cato - The Globe and Mail

Jeremy Cato, at the Globe and Mail, has released his newest Deals of the Week

Included are the Dodge Charger, Buick Enclave, Jeep Commander and Jeep Wrangler

No Ford?  Surprising, considering their Employee Pricing Event they have on. Maybe next week.

Jeremy’s fresh view on the latest and greatest deals from manufacturs really puts things into perspective on how the incentives work for the average consumer.

“Summer madness is here. Car companies from Kia Canada to General Motors  of Canada are rolling out aggressive sales sweeteners just about the time Canadians start heading out for vacation.

The idea, of course, is to keep showroom traffic moving at a time when most of us are thinking about boating, golfing, barbequing and loafing – but not spending money on a new ride.”

Read the full article on: Deals of the Week: Charger, Enclave, Commander and Wrangler by Jeremy Cato on The Globe and Mail Website.

Toyota Recalls 270,000 Vehicles Globally: First they won’t stop; now they won’t move?

Monday, July 5th, 2010
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“Toyota started recalling more than 90,000 luxury Lexus and Crown vehicles Monday in Japan over defective engines — the latest setback for the automaker beset with quality problems.

Toyota Motor Corp. spokesman Paul Nolasco said recalls in overseas markets will follow soon, totalling about 270,000 vehicles globally. That includes: 138,000 vehicles in the U.S., 15,000 in Europe, 10,000 in the Middle East, 6,000 in China, 4,000 in Canada, and 8,000 in other regions.

Toyota told the Japanese government Monday it was recalling 91,903 vehicles for flaws in the valve springs, a crucial engine component, that could make the automobile stall while in motion. “We apologize for inconveniencing our customers. We hope to fix the problem soon,” Nolasco said.” 

Read the entire article about the Toyota Recall on 680news.com – July 2010