Just bring tons of pounds – prices start at £350,000, excluding local taxes.
Lunaz will commence full production of the world’s first electric Bentleys by converting vehicles to electric powertrains. The most recently completed car is a 1961 Bentley S3 Continental Flying Spur by H.J Mulliner. Lunaz claims it demonstrates the breadth of possibilities through collaboration between a Lunaz customer and the company’s design team, with the car in a contrasting two-tone exterior paint configuration. It uses a proprietary modular electric powertrain that can and will be applied to wider applications.
Lunaz, an electric vehicle engineering company and creator of electric classic cars, says it will increase its global manufacturing headquarters by 500% in the Spring of 2021. The company will go from its current 8,000 sq/ft facility to a 40,000 sq/ft engineering, design and manufacturing center adjacent to its current home. This will be the largest occupied manufacturing space within the Silverstone Technology Cluster in Britain’s advanced engineering heartland. Continue reading
Ugh – US Light Vehicle Sales Drop during February 2021
LMC’s outlook for US Light Vehicle sales in 2021 has been upgraded again, to 16.0 million units, an increase of 11% from 2020. Retail sales are projected to grow by 9% and fleet by more than 20% from 2020. Click to Enlarge.
Blame the weather since US light vehicle sales dropped to 1.18 million in February, according LMC Automotive, an automotive global forecasting consultancy. The -3% Year-over-Y decline in LMC’s view was caused by two fewer selling days this year, as well as abnormally cold weather and winter storms across many key markets. Any way you look at it, the selling-day adjusted sales volume was still down by -5.5% YoY. The annualized rate dropped to 15.7 million units, down from 16.6 mn units in January.
Compact and mid-size SUVs performed better than large pickups. They were the two most popular segments, which appears the long-term trend with mid-size SUVs gaining 0.9 percentage points of share from February 2020. Only Compact Premium SUVs grew more, up by 1.2 pp, likely from new product launches. Not surprisingly, mid-size Cars lost 2.5 pp of share from a year ago, more than any other segment. Here LMC hedges, “although consumers have been moving away from cars, lower fleet volume also hurt the segment significantly. While six segments sold more than 100,000 units last February, only four reached the threshold this year – Compact SUV, Mid-size SUV, Large Pickup and Small SUV. Combined, they accounted for 57% of total sales.” Continue reading →