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Scion was Toyota's lost generation

Toyota's top North American leader was succinct in explaining the reasons for killing Scion. "It's the right decision at the right time," Jim Lentz said. It's hard to disagree. In a strong market that saw 17.5 million sales last year, Scion volume dipped three percent. Its product lineup has withered for years, which is always a telltale sign a brand doesn't have the full support of its owner. Though enthusiasts love the FR-S sports car, it's the fruit of a joint project with Subaru that also produced the BRZ. Scion's coolest car has a twin sold by one of its rivals. After the FR-S launched in 2012, Scion got nothing – squat – in the way of new products until the iA and iM arrived late last year, IHS senior analyst Stephanie Brinley noted. "[Scion] was not successful in building a visual brand identity or product personality," she said. Lentz, Scion's first vice president and now CEO of Toyota's North American division, admitted the market has changed. "Younger customers have a different mindset," he said. In the early oughts, a brand that catered to a youthful demographic made some sense, and this is one front where Toyota can declare victory. Seventy percent of Scion's buyers were new to Toyota, and the average age was 36 years old. The problem is, not enough of them buy Scions anymore. Scion hit a highwater sales mark of 173,034 vehicles in 2006 and hasn't come close to reaching that since. The recession hurt Scion, too. It bottomed out in 2010 with just 45,678 sales, a time when the rest of the industry was beginning to recover. There was a brief uptick (73,507) in 2012, but Scion failed to capitalize on that momentum and sales fell for three more years. Toyota is calling Scion's pending death a "transition" back to the main company. Sure, most of the cars will be rebadged Toyotas, like the FR-S, iA, and iM. The C-HR, an attractive future crossover that would have given Scion a boost, will go into production as a Toyota. But make no mistake: This is a failure. Toyota is closing a brand in the same way General Motors scrapped Oldsmobile, Ford shuttered Mercury, and Chrysler dropped Plymouth. Those brands languished for years. Toyota moved quicker to put the fork in Scion, which prevented it from becoming a long-term drain on the parent company. Lentz was dead on. It's the right time. News & Analysis News: Sergio Marchionne is against a Ferrari SUV Analysis: His exact words were, "you have to shoot me first," Bloomberg reported.

Scion xB gets one more special edition

The Scion xB, which is apparently still a thing, has added a final special edition to its long-running list, with the new 686 Parklan Edition. It's limited to, you guessed it, 686 units. As is so often the case for these special editions, there's a unique paint color, decals, wheels, and nifty little trim bits. That's good news for the Brown Car Appreciation Society, as Scion has opted for a handsome Cocoa Bean Metallic paint that almost feels wasted on this aging box. The gloss black wheels, mirror caps, and tailgate handle all feature bright red accents, but it's the cabin where we really see big changes. The 686 has dictated an outdoorsy interior theme, with plenty of camo fabric and quilted finishing on the seat uppers. There are a couple of zippable pockets in the front seats, including a rather hefty storage area in the seatbacks, while the floor and cargo area are protected by 686-branded rubber floormats. The xB 686 Parklan Edition, which can only be had with an automatic transmission, will be priced at $20,480, with sales slated to begin today. Read on for the official press release from Scion. Scion Checks the Box With Final xB Special Edition Model September 28, 2015 TORRANCE, Calif. (Sept. 28, 2015) – As Scion's iconic box, the xB, ends its run, Scion is taking the road less traveled to a place where the mountains meet the streets. Scion has partnered with 686, the snowboard technical apparel company, to create the xB 686 Parklan Edition. Starting today, a total of 686 xB special edition models are available for buyers seeking a unique combination of fashion and function. It will be priced at $19,685, excluding a delivery, processing and handling fee of $795. The 2015 xB 686 Parklan Edition incorporates seats with the quilted patterning and modern cubist camo style reflecting 686's design influence. Gloss black 16-inch alloy wheels featuring the 686 stamped logo tie in with the black-out badges, side mirrors, rear license plate garnish and door handles. On the outside, the Cocoa Bean Metallic paint is accented with red lines in the front, rear and on the side mirrors to capture 686's brand. For added functionality on the slopes, there is an incognito driver's side zippered storage pocket and zippered seat back pockets. Each xB 686 Parklan Edition also comes with all-weather floor and cargo mats. Additionally, a custom INNO Cargo Box and Roof Rack system is available.

Toyota tops Kelley Blue Book's Resale Value Awards

Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren't too surprised to see the list dominated by Japanese automakers - mainly Toyota and Honda. KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB's Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards, and there were many similarities between both lists, especially when it came to Toyota.
To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche (Cayenne and Panamera) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it's that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt, respectively.
The overall top 10 models for the best resale value in 2013 are, in alphabetical order: