Lexus

New-Car Prices Virtually Flat Year Over Year in August Due to Declining Electric Vehicle Prices, Tesla Price Cuts, According to Kelley Blue Book

Retrieved on: 
Tuesday, September 12, 2023

Tesla price cuts continue to lead electric vehicle (EV) prices lower.

Key Points: 
  • Tesla price cuts continue to lead electric vehicle (EV) prices lower.
  • The average transaction price of a new vehicle in August was $48,451, up only $42 from one year ago, according to Kelley Blue Book, a Cox Automotive company.
  • Led mostly by aggressive price cuts from Tesla, luxury vehicle prices last month were down 3.3% year over year.
  • For comparison, Kelley Blue Book estimates incentives averaged 10.8% of ATP in August 2020 and 10.5% in August 2019.

Honda Solidifies Inventory Efficiency Lead, Luxury Brands Cadillac and BMW Break into the Top Five Nationwide According to Cloud Theory

Retrieved on: 
Thursday, September 7, 2023

Cloud Theory's patent-pending Inventory Efficiency Index (IEI) provides a previously unavailable real-time view of market-relevant supply and demand of all makes and models and across all geographies.

Key Points: 
  • Cloud Theory's patent-pending Inventory Efficiency Index (IEI) provides a previously unavailable real-time view of market-relevant supply and demand of all makes and models and across all geographies.
  • Cloud Theory's Inventory Efficiency Index assigns scores to vehicle makes and models based on current active inventory and sales data relative to competitors.
  • Honda has widened its lead over Kia in August, solidifying its top spot over the #2 brand by 11.7 points.
  • "It is not surprising to see Honda, Kia, and Toyota continuing to battle for the Inventory Efficiency lead," said Rick Wainschel, Vice President of Data Science & Analytics at Cloud Theory.

FuelCell Energy and Toyota Announce Completion of World's First "Tri-gen" Production System

Retrieved on: 
Thursday, September 7, 2023

The Tri-gen system, owned and operated by FuelCell Energy, produces renewable electricity, renewable hydrogen, and water from directed biogas.

Key Points: 
  • The Tri-gen system, owned and operated by FuelCell Energy, produces renewable electricity, renewable hydrogen, and water from directed biogas.
  • FuelCell Energy has contracted with Toyota to supply the products of Tri-gen under a 20-year purchase agreement.
  • FuelCell Energy CEO Jason Few said, "FuelCell Energy is committed to helping our customers surpass their clean energy objectives.
  • By working with FuelCell Energy, Toyota is making a powerful statement that hydrogen-based energy is good for business, local communities, and the environment.

Los Angeles Auto Show® Confirms Strongest Brand Engagement since 2019

Retrieved on: 
Wednesday, September 6, 2023

LOS ANGELES, Sept. 6, 2023 /PRNewswire/ -- The Los Angeles Auto Show® is thrilled to confirm that 2023 will be its strongest event since the automotive industry's resurgence from the COVID pandemic. With more manufacturers occupying larger booth spaces and a broader selection of vehicles available for ride & drive experiences than ever before, show visitors can expect an elevated and dynamic day out when the show opens from November 17-26 at the Los Angeles Convention Center. And the media will have exclusive access to a full schedule of model debuts, press conferences and discussion panels on November 16 during AutoMobility LA®, the annual media and industry preview day.

Key Points: 
  • Major automotive manufacturers recognize influence of California market, making 2023 LA Auto Show® the leading automotive event on this year's calendar
    LOS ANGELES, Sept. 6, 2023 /PRNewswire/ -- The Los Angeles Auto Show ® is thrilled to confirm that 2023 will be its strongest event since the automotive industry's resurgence from the COVID pandemic.
  • "We were exhilarated to receive confirmation of attendance from most of the auto makers very early this year," said LA Auto Show President, Terri Toennies.
  • "We will announce more details about auto maker debuts, individual activations and test drives soon, as well as some very special new exhibits," added Toennies.
  • The 2023 Los Angeles Auto Show will be cashless.

Kanzi One Selected by Toyota for Global HMI Design and Development

Retrieved on: 
Tuesday, September 5, 2023

MUNICH, Sept. 5, 2023 /PRNewswire/ -- Rightware today announced it has entered into an agreement with Toyota Motor Corporation for the use of its Kanzi One HMI software to create in-vehicle experiences for global models of the Toyota and Lexus brands.

Key Points: 
  • MUNICH, Sept. 5, 2023 /PRNewswire/ -- Rightware today announced it has entered into an agreement with Toyota Motor Corporation for the use of its Kanzi One HMI software to create in-vehicle experiences for global models of the Toyota and Lexus brands.
  • As proven by the current generation of Toyota vehicles around the globe, the combination of Kanzi One and the unmatched automotive experience of the Kanzi Services team gives Toyota the flexibility and design capabilities to enhance their brand and delight drivers.
  • With Kanzi One, Toyota was able to achieve the best possible graphics performance on cost-effective hardware platforms.
  • "The powerful combination of Kanzi One and the Kanzi Services team delivers competitive advantages to Toyota, taming the growing complexity of automotive design and development.

Kanzi One Selected by Toyota for Global HMI Design and Development

Retrieved on: 
Tuesday, September 5, 2023

MUNICH, Sept. 5, 2023 /PRNewswire/ -- Rightware today announced it has entered into an agreement with Toyota Motor Corporation for the use of its Kanzi One HMI software to create in-vehicle experiences for global models of the Toyota and Lexus brands.

Key Points: 
  • MUNICH, Sept. 5, 2023 /PRNewswire/ -- Rightware today announced it has entered into an agreement with Toyota Motor Corporation for the use of its Kanzi One HMI software to create in-vehicle experiences for global models of the Toyota and Lexus brands.
  • As proven by the current generation of Toyota vehicles around the globe, the combination of Kanzi One and the unmatched automotive experience of the Kanzi Services team gives Toyota the flexibility and design capabilities to enhance their brand and delight drivers.
  • With Kanzi One, Toyota was able to achieve the best possible graphics performance on cost-effective hardware platforms.
  • "The powerful combination of Kanzi One and the Kanzi Services team delivers competitive advantages to Toyota, taming the growing complexity of automotive design and development.

Owners’ Experience with BEV Advanced Tech More Problematic Than with ICE Vehicles, J.D. Power Finds

Retrieved on: 
Thursday, August 24, 2023

Battery-electric vehicle (BEV) owners experience more problems with advanced technology than do owners of internal combustion engine (ICE) vehicles, according to the J.D.

Key Points: 
  • Battery-electric vehicle (BEV) owners experience more problems with advanced technology than do owners of internal combustion engine (ICE) vehicles, according to the J.D.
  • In addition, satisfaction is lower for BEVs across 86% of the advanced techs compared with those on ICE vehicles.
  • Innovation and tech offerings are high for new manufacturers, but they are not providing a problem-free experience.
  • The U.S. Tech Experience Index (TXI) Study combines the level of adoption of new technologies for each brand with excellence in execution.

Entertainment's Biggest Night for Asians and Pacific Islanders Returns and Expands Internationally

Retrieved on: 
Wednesday, August 23, 2023

BEVERLY HILLS, Calif., Aug. 23, 2023 /PRNewswire/ -- The Unforgettable Gala, also known as UNFO or "the Asian American Awards Show," is scheduled to return to the Beverly Hilton on Saturday, December 16, pending the status of the current Hollywood strikes by the Screen Actors Guild and Writers Guild of America. Character Media stands in full support of the actors and writers on strike and is prepared to postpone its annual event to the first quarter of 2024, if necessary. This year's UNFO will mark 21 years of celebrating the biggest names in entertainment, arts and culture from the Asian and Pacific Islander community.

Key Points: 
  • This year's UNFO will mark 21 years of celebrating the biggest names in entertainment, arts and culture from the Asian and Pacific Islander community.
  • "We stand united with those on the picket lines in their fight for representation, fairness and equity.
  • Guests at the invitation-only event represent some of the most influential API-led brands and leaders in business, innovation, entertainment, arts and culture.
  • Details on UNFO, including its official event date, participants and performers, are updated on its official website www.unforgettablegala.com .

Standard Motor Products' August Release Includes 210 New Part Numbers

Retrieved on: 
Wednesday, August 23, 2023

NEW YORK, Aug. 23, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 210 new part numbers in its August new number announcement.

Key Points: 
  • NEW YORK, Aug. 23, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 210 new part numbers in its August new number announcement.
  • This most recent release provides new coverage in 72 distinct product categories, and 69 part numbers for 2022, 2023 and 2024 model-year vehicles.
  • With the August release, Standard® and Four Seasons® continue to expand coverage for hybrid and electric vehicles.
  • Blower Motor Resistors are now available for 2.3 million vehicles including the 2019-15 Toyota Highlander Hybrid and 2019-16 Lexus LX570 Hybrid.

Toyota Takes Pole Position Among Automobiles, While Luxury Leaders Lexus and Tesla Are in Hot Pursuit, ACSI Data Show

Retrieved on: 
Tuesday, August 22, 2023

“The supply chain kinks that slowed production during the pandemic are starting to wane, and more cars are back in stock.

Key Points: 
  • “The supply chain kinks that slowed production during the pandemic are starting to wane, and more cars are back in stock.
  • Nearly every aspect of the driver experience — including driving performance, safety, dependability, gas mileage, and warranties — is better.
  • “Early EV adopters find these vehicles perform well relative to their expectations, yet ACSI data show they are only superior in technology and warranties.
  • No advertising or other promotional use can be made of the data and information in this release without the express prior written consent of ACSI LLC.