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8 fastest depreciating cars in America

Getting a new car is an amazing experience. The fresh new scent, the barely touched interior, the double digit miles on your odometer, and... the depreciation once it leaves the car dealers lot? Maybe not that last one. To save you from the hurt of a quickly depreciating new car, we collected 8 of the fastest depreciating cars in America. And here's a surprise, one of them is a Toyota. Learn more at Autoblog.com Cadillac Infiniti Jeep Kia Lincoln Toyota Autoblog Minute Videos Original Video jeep compass cadillac xts infiniti q50 camry q50

Infiniti Q60 dies at year's end

In 2021, Automotive News' Future Product Pipeline coverage for the Infiniti brand contained a single entry for 2023: "Infiniti Q60 ends in 2023." Turns out the report of the Q60's death was true; the brand confirmed to Car and Driver that the coupe ends production at the end of this year. We wish we were surprised at the news or the rationale. An automaker spokesperson told the magazine, "We are focusing on the most popular luxury automotive segments such as crossovers and SUVs, as well as the upcoming EV we recently announced that will be built here in the U.S." The official justification didn't address the fact that dealers sold 2,728 units of the Q60 in the U.S. last year, 64 units fewer than achieved in 2020, and 2,315 units fewer than dealers moved in 2019 — the year Q60 sales fell off a cliff after selling more than 9,000 units in 2018. Consider this another step in the "three-phase company transformation" that Chairman Peyman Kargar is in the second stage of working through. The first phase of recovery ended this March, the luxury automaker getting back to profit globally. The current second stage that will revamp, electrify, and expand the lineup is predicted to last for the next four years. The spearhead will be the new QX80 SUV, planned for late next year or early 2024 with ambitions to challenge the Cadillac Escalade, Lexus LX, and Range Rover. That luxury club barred Infiniti from entry awhile ago, so Kargar's talking about profound turnaround. As for the Q60, the shame is that a car with sweet looks and even sweeter power never got the interior or driving dynamics to match. Perhaps the return of a much better Nissan Z can provide fodder for a proper Infiniti coupe once the luxury division has restored its momentum. The spokesperson told Car and Driver that Q60 inventory should last until well into 2023, so anyone looking for a 400-horsepower bargain with a six-speed manual should mark their calendar for early next spring.   Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Infiniti looking for a new boss after Christian Meunier leaves to lead Jeep

Nissan's premium division Infiniti is expected to announce a new acting global chief for the brand, the company said, after its current head, Christian Meunier, left to lead the Jeep unit of Fiat Chrysler Automobiles. Nissan's chief quality officer Christian Vandenhende will oversee Infiniti's global operations effective immediately, until a new brand chief is named, Infiniti said in the statement on Tuesday. Meunier, 51, was named Infinit's global chief in early January after its previous boss Roland Krueger left the Hong Kong-based brand. Meunier will take over as global president for SUV-focused Jeep effective immediately, Fiat Chrysler said in a separate statement. Fiat Chrysler CEO Mike Manley had been running Jeep until he was elevated to the top job in July after the death of Sergio Marchionne. Meunier has international experience from his years with Ford, Land Rover, Nissan and Infiniti, which may prove valuable as Jeep attempts to expand overseas with a lineup of new products including the Gladiator pickup, a Wrangler plug-in hybrid, and the revived Wagoneer and Grand Wagoneer nameplates. He's worked mostly in sales and marketing roles, including as senior vice president of sales, marketing and operations for Nissan North America; chairman of Nissan Canada; and his recent role heading up Infiniti. An Infiniti spokesman said Meunier's resignation was not related to Nissan's internal investigation into its former leader Carlos Ghosn.