1999 Toyota Land Cruiser Base Sport Utility 4-door 4.7l on 2040-cars

Auto blog

Toyota gives dealers permission to drop Scion, shows them FR-S droptop, Juke rival first

We recently heard that Toyota could be looking to shrink its network of Scion dealerships, and now Automotive News is reporting that the automaker has officially given its dealers the green light to dump Scion without any penalties. Currently, Scion has about 1,000 dealers, yet our report from August 8 quotes an industry analyst as suggesting a healthier figure would be between 350 and 500 outlets. But before its current dealers make a decision on whether or not to get rid of the youth-oriented brand, Toyota also showed off a couple potential future products in the pipeline.
The FT-86 Open Concept shown above was revealed back in March at the Geneva Motor Show, and AN says that an FR-S convertible was driven on stage at a recent national Toyota dealer meeting in Atlanta. There has still been no definitive word one way or another as to whether the droptop model will be built, but it could be a good way to follow up to the popular FR-S coupe. Another possible future product is a subcompact crossover, which was shown in drawing form at the meeting, presumably aimed at small CUVs like the Nissan Juke and the upcoming Honda CUV based on the Fit, a model recently previewed by the automaker's Urban SUV concept.

Average transaction prices climb to a record $36,270 in January

The automotive sector made a hash of the numbers last month, a mess of pluses and minuses clogging the transaction-price charts according to Kelley Blue Book. The overall industry rose one percent, even though buyers bought fewer cars and light vehicles in January 2018 vs 2017 using the selling-day adjusted rate. Due to January transaction prices rising to $36,270, a record for January, the value of new vehicles sold climbed more than $1 billion compared to January 2017. KBB's transaction prices don't include customer incentives, which changes the complexion slightly; average incentive spending rose to just over ten percent. The average transaction price in December 2017 was $36,756, so January dropped a bit - nothing unexpected, with the month annually blamed for "January doldrums." More revealing is the fact that the average transaction price in January 2017 was $34,910. This year's plumped-up figure came courtesy of the continued shift to crossovers, SUVs, and light trucks, which shouldn't surprise anyone who's read an automotive blog in the past 20 years. That category comprised nearly 70 percent of new vehicle sales for the month. Some manufacturers profited more than others, though. Fiat Chrysler managed 12.8 percent fewer sales in January compared year-on-year, but the company's vehicles sold for $1,300 more. The Ford brand suffered a 6.3-percent dip in sales, but brand transaction prices increased $2,000, while a Lincoln sold for $8,700 more on average. General Motors sold more cars and sold them for more money; overall GM transaction prices rose four percent, or $1,270, while a GMC traded hands for seven-percent more than in January 2017 and a Cadillac got $2,300 more on average. Of KBB's listed automakers, the Volkswagen Group got the most of out its customers, transaction prices rising at the German automaker by 5.6 percent to $42,243 in January 2018 compared to a year earlier. American Honda followed with a 4.3-percent increase to $28,991, GM in third at 4.1 percent to $40,313. Find your next car at Autoblog using our new and used car listings or the Car Finder tool. Broken out by segment, minivans rocked the table, transaction prices leaping by 7.9 percent to $35,380 compared to January a year earlier. Luxury cars boasted the next-highest rise, at 3.6 percent to $58,533.

Toyota reveals cause of heartbreaking failure at Le Mans

Toyota was set to become only the second Japanese automaker to win the grueling 24 Hours of Le Mans endurance race. But on the last lap, the No. 5 TS 050 car, which was being driven by Kazuki Nakajima, suffered a technical issue that resulted in a sudden loss of power. In a team statement, Toyota Gazoo Racing has revealed that the culprit was a "defect on a connector on the air line between the turbocharger and the intercooler." The defective air line connector, according to the statement, resulted in a loss of control over the turbocharger. The team isn't sure why the connector failed and is continuing to analyze the component to get down to the root cause, the team said in the statement. During the race, the team was able to get the No. 5 car running again by modifying the control settings. The fix, however, came a little too late as the vehicle could not complete the lap under Le Mans' maximum final lap time of six minutes and limped its way to 45th place. While the team is working hard to find the fix – to avoid a similar type of failure in the future – it claims there is no relation to the engine issues that were experienced by the two TS 050 cars at Spa during the World Endurance Championship in May. You can read Toyota Gazoo Racing's full statement here. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: JEAN-SEBASTIEN EVRARD via Getty Images Motorsports Porsche Toyota Racing Vehicles le mans 24 hours