2011 3.0t Quattro Premium Plus Used 3l V6 24v Automatic Awd Sedan Premium on 2040-cars

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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Audi stealthily tests RS4 Avant

With S3s, R8s and RS7s aplenty, Audi offers no shortage of performance models in North America. But one of our favorites is always kept just out of arm's reach. That of course is the RS4 Avant, and here we see Audi Quattro GmbH testing the latest version. Though it may look like a plain old S4 – and even wear S4 badges – the wider fenders and bigger wheels suggest that this is in fact a prototype for the upcoming RS4 Avant. For those unfamiliar, that nameplate connotes the best of all worlds within the A4 range: maximum power, maximum traction, and maximum luggage space. All the ingredients, in short, to make us wonder why anyone would rather drive a crossover. After the first-gen RS4 employed a twin-turbo V6, the subsequent two generations went with a 4.2-liter V8. This model, however, could adopt an electric turbocharger setup to give it all the power it needs (and then some) with a new form of hybrid setup that will soon be spreading across the industry. The bigger question on our mind, of course, is whether the new performance wagon will make the transatlantic voyage to North American showrooms. We're holding out hope that Ingolstadt may make a real run down American roads at the likes of the Mercedes-AMG C63 and BMW M3. Whether it brings the wagon body-style along with it is another matter entirely, but we can always dream. Related Video:

The Audi RS3 shows up at Paris with five cylinders, 400 hp, and a scowl

Last night at the Volkswagen Group Night, almost lost among all the future mobility hoopla about the Volkswagen I.D. autonomous EV concept, Audi parked an RS3 sedan. We have some preliminary information about it – including that it's packing a 2.5-liter TFSI engine, the same five-cylinder powerplant that makes 400 horsepower in the new Audi TT RS we just drove. In the RS3, it'll have the same rating. It'll also have a wider track, because it's surely packing wider and stickier rubber. We also know that it'll have a special Virtual Cockpit gauge display that puts the tachometer in the center, in the tradition of sporty driver-oriented cars. Before you sigh something about the injustice of it not reaching the Americas, like many RS models of the past, great news: this one is almost assuredly coming to the US, according to our best intel. We'll have more details later today after the official press conference, but for now the bottom line is this is both what we expected and also truly exciting. We're in the midst of a real Audi RS boom right now. If you want a taste of what to expect, read our Audi TT RS first drive. Related Video: Featured Gallery 2018 Audi RS3 Sedan: Paris 2016 View 15 Photos Related Gallery 2017 Audi RS3 View 18 Photos Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog Paris Motor Show Audi Performance Sedan 2016 paris motor show