Total new-vehicle sales for January 2023, including retail and non-retail transactions, are projected to reach 1,043,100 units, a 5.4% increase from January 2022, according to a joint forecast from J.D. Power and LMC Automotive* released today. New-vehicle transaction prices continue to rise; however the rate of growth continues to relax. The average price will set a January record of $46,437, an increase of 4.2% from a year ago.
The record transaction prices means that buyers are on track to spend nearly $39.9 billion on new vehicles this month, the highest level ever for the month of January, an increase of 2.4% from January 2022 despite the Federal Reserve’s efforts to send the US into a recession. The looming Republican creation of a depression over the deficit, aka Congressional contract hit on America II, remains ominous. Continue reading







Almost Autonomous – Mercedes-Benz 2024 S‑Class, EQS?
Click for more information.
Mercedes‑Benz today claimed it is the world’s first automotive company to bring SAE Level 3* automated driving to the US as Nevada became the first state to confirm the compliance of the system with state regulations, under certain conditions. At SAE Level 3 [1], the driver does not need to monitor the driving circumstances constantly but must take back control when the system requests. (autoinformed.com: SAE Autonomous Driving Levels)
If Mercedes is able to deliver model year 2024 Mercedes‑Benz S-Class and EQS Sedans late in 2023, then its optional DRIVE PILOT system would be the first and perhaps the only SAE Level 3 system in a standard-production vehicle authorized for use on US public freeways. Mercedes‑Benz also aspires to expand to California later this year with the certification documents already filed with state authorities. General Motors, among other automakers, is also actively pursuing autonomous vehicles. Several GM brands are partially there already with its Super Cruise system. (autoinformed.com: GM Expanding Super Cruise Hands-Free Driver Assistance; Mercedes EQS Sedan Valet Parks Itself in Los Angeles)
Continue reading →