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Trucks, SUVs drive U.S. October new vehicle sales

DETROIT — Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America's love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger cars. Auto industry publication WardsAuto put the seasonally-adjusted annualized rate (SAAR) for light vehicle sales in October at a robust level of 18 million units. But after a long boom cycle, carmakers are still ill-prepared for the slight decline in sales anticipated for full-year 2017 and have taken too few steps to trim production, said Doug Mehl, a partner in consultancy A.T. Kearney's automotive practice. "When you make a new vehicle, you have volume assumptions tagged to it, and who wants to be the guy who says, 'I'm going to make less of this really cool model'?" Mehl said. "But eventually the market is the reality, and it's going to force companies one way or other here." General Motors GM reported a sales drop of 2.2 percent for the month, with consumer sales down 6.6 percent. But sales of high-margin pickup trucks, sport utility vehicles and crossovers all rose. GM also cut its inventory of unsold vehicles — a source of concern for the market — slightly. The automaker has worked to reduce its volume of excess inventory, including through significant production shutdowns in the third quarter. GM had said its inventory would rise in October. "We are heading into the fourth quarter with good momentum, thanks to a strong U.S. economy and very strong pickup and crossover sales," said Kurt McNeil, GM vice president for U.S. sales operations. GM slightly reduced consumer discounts as a percentage of average transaction prices to 13.5 percent, from 13.7 percent in the third quarter. Industry experts believe consumer discounts above 10 percent of the average transaction price are unhealthy as they erode resale values and are unsustainable in the long term. Consultants J.D. Power and LMC said last week that based on preliminary October sales numbers, discounts have exceeded 10 percent in 15 of the past 16 months. Ford The U.S. auto industry posted record sales of 17.55 million vehicles in 2016. New sales received a strong boost in September as consumers replaced vehicles damaged in southeast Texas by Hurricane Harvey the previous month. Full-year 2017 sales are expected to be slightly lower than 2016.

Buy a Fiat 124 Spider Abarth, get a free day of driving school

We know the Mazda MX-5 Miata and the Fiat 124 Spider are basically the same car underneath. As we pointed out in our first drive of the 124 Spider, the two cater to different drivers, so it can be tough to choose a favorite. FCA has made deciding between the two sports cars a little harder, as it will offer Abarth owners a free day of high-performance driving instruction with their cars. Anyone buying or leasing a new Fiat 124 Spider Abarth or a Fiat 500 Abarth will get a free, one-day class at the Bob Bondurant School of High Performance Driving in Phoenix. Bundling driving school with brand-new performance cars isn't unheard of – Dodge and Bondurant recently announced a similar program for the Viper – but it is quite rare for vehicles priced below $30,000. The free session will include instructor-led skid, autocross, slalom, and team rally cross activities, in addition to hot laps. While the one-day course is included for free, travel, food, and hotel expenses aren't covered. Fiat-less people can also join in on the fun buy purchasing the Abarth experience separately. Bondurant one-day classes cost at least a grand, which makes the Fiat price of $0 a good deal as long as you can get yourself there relatively cheaply. But is this enough for drivers to choose the 124 Spider Abarth over an MX-5 Club? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Video: Featured Gallery Bob Bondurant Fiat 124 Spider Abarth Related Gallery 2017 Fiat 124 Spider: First Drive View 30 Photos News Source: FCAImage Credit: FCA Fiat Mazda Convertible Performance fiat 124 spider abarth

2019 Fiat 500X refresh revealed for Europe

Jeep revealed the lightly refreshed Renegade subcompact crossover earlier this summer for the European market, so it's only natural that its fraternal twin, the 2019 Fiat 500X, would get a very similar type of makeover. Currently the refresh is only confirmed for Europe, but expect similar changes to arrive in the U.S. Visually, it's only subtly different. The headlights now feature LEDs for both accents and forward illumination, and they're slightly reshaped. The taillights are now rings that have body-color inserts in the middle, similar to those of the regular Fiat 500. The rest of the body is pretty similar to the current one, but a number of character lines have been given sharper creases. The interior is also pretty much the same except for a revamped instrument cluster. The big changes, as with the Renegade, are under the hood. Three gasoline engine options will be available, two of which are turbocharged. The smaller of the turbo engines is a 1.0-liter three-cylinder engine making 120 horsepower and 140 pound-feet of torque. The larger turbo engine is a 1.3-liter four-cylinder engine making 150 horsepower and 199 pound-feet of torque. Interestingly, there's no 180-horsepower version of the 1.3-liter engine listed, as there is with the Renegade. There's also a naturally aspirated 1.6-liter four-cylinder making 110 horsepower that's a carryover from the old model. Diesel engines will continue to be available on the 500X as well. They're all four-cylinder engines in 1.3-, 1.6-, and 2.0-liter displacements, from 95 horsepower up to 150 horsepower. Four transmissions are available to connect to these engines. They include a five-speed manual, a six-speed manual, a six-speed dual-clutch transmission and a nine-speed automatic. Front- or all-wheel drive is also available. Of the powertrains available for the European market, the turbocharged gas engines are probably the only ones coming to the U.S. Pricing hasn't been listed for any markets, but expect that and U.S.-market specific details to come later this year. Related Video: Featured Gallery 2019 Fiat 500X Euro-spec View 17 Photos Image Credit: Fiat Fiat Crossover SUV fiat 500x