EV residual values concern auto lenders

Consumer hesitancy over outright purchasing of EVs is part of why lease levels are so high, according to Alex Yurchenko, senior vice president of data science at Black Book, an analytics and insights company that helps auto lenders stress-test their portfolio for industry changes such as a recession or widespread electric vehicle adoption.

“Everyone expects lease penetration to be very high with electric vehicles at the beginning, much higher than we expect for luxury vehicles,” Yurchenko said. “That brings more risk to the captive.”

That’s because leasing is more expensive for automakers to incentivize, and for that reason, go-to-market strategies

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2014 Hyundai Sonata Recall for Fuel System, Gasoline, Delivery, Hoses, Lines/Piping, And Fittings Problem #20V121000

2014 HYUNDAI SONATA Recall – #20V121000

Recall FOR Fuel Process, GASOLINE : Shipping : HOSES, Lines/PIPING, AND FITTINGS

Hyundai Motor America (Hyundai) is recalling sure 2013-2014 Sonata automobiles. The low tension fuel hose that connects the low tension fuel pump to the immediate injection fuel pump could crack about time thanks to warmth generated within the motor compartment.

Information provided by the National Highway Visitors Basic safety Administration.

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Recall Information

Car or truck 2014 HYUNDAI SONATA
Manufacturer Hyundai Motor America
Made involving eleven/26/2012 – one/16/2014
Recalled on 3/two/2020
Influenced by Hyundai Motor
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Brabus Gives 2020 Mercedes-Benz GLS A Sporty Makeover

Exclusive Brabus badging also distinguishes the modified Mercedes GLS. Clients can decision from a assortment of new wheels which include a 24-inch Monobloc Z Platinum Edition set wrapped in Pirelli 295/35 entrance and 335/30 rear tires. These refined updates enable give the 2020 Mercedes GLS a sportier visual appeal.

Inside, a comprehensive vary of updates are accessible for the magnificent interior, which include stainless scuff plates with a backlit ‘Brabus’ emblem and aluminum pedals and door-lock pins, together with a decision of leather-based and Alcantara upholstery, wood inserts, and carbon fiber trim. An aftermarket manage module for the AirMatic air

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Volkswagen reveals more about its ID.4 electric SUV | Car News

The Geneva Motor Show obtaining been named off owing to the coronavirus, Volkswagen introduced new aspects on line about its ID.4 electric powered SUV.

Firstly, in a go that astonished no a person, the company verified that the design, initially see under the guise of the ID. Crozz concept, will in actuality be named the ID.4. Some slightly camouflaged variations were also printed, and VW verified a number of other new aspects, notably that the auto products would initially be available in a rear-wheel push configuration, then with all-wheel push someday just after.

As for vary, Volkswagen verified that it

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Kia Seltos petrol-automatic review: Is it the pick of the range?

28th Feb 2020 two:fifty pm

We’ve at last bought our arms on the reasonably cost-effective 1.5-litre petrol engine-driven Seltos, and the information is superior.

sixty,000 – that’s the selection of Kia Seltos models bought in the first six months of its start in India. For a debutant vehicle model in the Indian sector, that’s a enormous selection and really an accomplishment. The Seltos’ achievement in original levels can be credited to its smart layout, extensive checklist of devices, and the option of many powertrains at unique value points.

As you may know, the Seltos’ engine line-up includes a 115hp,

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New sporty Volkswagen Arteon R-Line Edition uncovered

Volkswagen has discovered the Arteon R-Line Version. Orders are open now, with manufacturing for the sporty trim level of the Passat’s coupe-like relation minimal to just 1,000 models, with price ranges starting up from £36,850.

As with other VW types dressed in the R-Line trim, the Arteon gets a range of beauty upgrades to different it from the lesser types. Most notably is the color scheme: the Arteon’s system is concluded in Moonstone gray complemented by a contrasting black finish for the roof, door mirrors, and the twenty-inch alloy wheels. Privateness glass is conventional, when to the rear there’s a

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Car buyers could get compensation after claims of price fixing by shipping companies

Motorists and organizations who acquired or leased a new car involving Oct 2006 and September 2015 could be entitled to compensation, next promises that five transport businesses conspired to correct the charges they charged for transporting new autos and vans to the British isles. An estimated 80 for every cent of motorists who procured a car or van through the higher than period of time may well have been overcharged as a end result of the cartel.

The compensation could arise thanks to a team legal action that has been filed to the UK’s Opposition Attraction Tribunal (CAT) below the

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Autoliv Americas president quits | Automotive Industry News

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Hennessey Debuts Ford F-150 Venom With 775 Horsepower

Only 100 Units to be manufactured, solely sold as a result of Brown Lee Ford

Sealy, Texas (February 27, 2020) –Hennessey Performance Engineering (HPE) and workforce have place the electric power back again into the F-one hundred fifty with the new Venom 775 Supercharged Truck.

The Hennessey horsepower wizards have comprehensively transformed the regular 5.0L Coyote F-one hundred fifty into a fully-loaded muscle vehicle fighter that is ready for all surfaces. The 395 manufacturing facility horsepower motor was not adequate and is now boosted to 775

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Moody’s, Auto News, ET Auto

The coronavirus outbreak has reduced the demand and disrupted the automotive supply chains, as China is a major hub for auto components.
The coronavirus outbreak has lowered the demand and disrupted the automotive provide chains, as China is a significant hub for auto factors.

New Delhi: Moody’s has lowered the global auto profits forecast for 2020 on Wednesday in the wake of coronavirus outbreak and new emission norms. The ranking agency has claimed the global automobile profits will drop by two.5 per cent in 2020, narrowing from four.6 per cent fall in 2019, but worsening from the .nine per cent drop that it previously projected for 2020.

Moody’s also claims the progress in the global automobile sector will return only in 2021,

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