Car & Automotive

Automakers tap into nostalgia to boost sales

Welcome back to the 1990s.

It was the decade auto enthusiasts said goodbye to their cult favorites: the Supra, Bronco and Defender.

How times have changed.

Toyota revived the Supra, its celebrated sports car, last year and Ford’s Bronco 4×4 and Land Rover’s Defender will be back in dealerships before the end of the year.

“Nostalgia never goes out of style,” Stephanie Brinley, a longtime auto analyst at IHS Markit, told ABC News.

Taking advantage of a vehicle’s name recognition with consumers “is really easy for automakers … the risk, though, is that the name has to be remembered fondly,” she said.

The fourth-generation Supra, with its now iconic design features like projector headlamps and large rear spoiler, was pulled from the U.S. market in 1998 though it lived on in Japan until 2002. It was Toyota CEO and President Akio Toyoda who decided in 2012 to bring back the

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Used Car E-Retailing Space Heats Up With Vroom’s Nasdaq Debut

Amid coronavirus woes, e-commerce retailing and used vehicles are drawing interest from dealerships, customers and investors alike. Online auto retailing holds massive opportunities and is likely to transform the automotive market in a big way in the coming years. Used-car e-retailers including Carvana CVNA, CarMax KMX, AutoNation AN and CarGurus CARG are capitalizing on rapid proliferation of Internet and digital shopping. All these stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The used-car online retailer, Vroom is grabbing a lot of attention with its public-market debut lately. The stock is off to an amazing start and is likely to beef up competition in the online automotive retailing space. Shares of Vroom’s closest peer, Carvana have skyrocketed more than 600% from its 2017 IPO price. With automotive e-commerce holding significant promise, investors are super thrilled about

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Hi, Let’s Take a Trip

Elana ScherrCar and Driver

From the June 2020 issue of Car and Driver.

I need an icebreaker. Not the Russian Arktika-class variant, not that I don’t want a 75,000-hp ship capable of busting through 16 feet of solid ice, but where would I put it? My neighbors already look askance at the oil stains in my driveway. Also, I don’t think I could get away with nuclear re­actors.

I need the other kind of icebreaker, the one for parties where you have to talk to strangers but nobody’s drunk yet. Well, some of you might be, but for those who aren’t, I’m going to lean on the experts in long-distance communication.

 

“My first car was a Chevrolet Impala. It was gold, it was missing an axle, and I found it in the sandbox at the park.”

I was launched the same year NASA sent the Voyager

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Tesla’s China Car Registrations Jump In May; Stock Down In Pre-Market On Analysts’ Rating Cuts

Tesla Inc.’s (TSLA) China car registrations in May jumped 150% month on month, Reuters reported citing data from auto consultancy LMC Automotive.

The U.S. electric vehicle maker’s China registrations, including imported cars, grew to 11,565 in May from 4,633 units in April.

Data from the China Passenger Car Association shows sales of Tesla’s Shanghai-made Model 3 sedan hit 11,095 units in May.

Still, shares in Tesla continued to fall in Monday’s pre-market trading declining another 3.4% to $903.45 after dropping 3.9% on Friday. Meanwhile, year-to-date the stock has more than doubled.

Last week’s start of a downward trend was triggered by two rating downgrades from analysts at Morgan Stanley and Goldman Sachs.

Morgan Stanley’s Adam Jonas lowered his rating on the stock to Sell from Hold with a $650 price target (31% downside potential) amid concerns about U.S.-China trade dynamics as well as recent price cuts of some

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