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Porsche unveiled the new Macan in Singapore today. The sports car manufacturer’s first all-electric SUV is a completely new development with Porsche E-Performance. It has what’s claimed to be ample range for the long haul and high day-to-day use. The Macan 4 and the Macan Turbo were presented to international media at Singapore Art Week. The design team from Style Porsche worked with Marc Fornes on the event. To mark the world premiere of the Macan, the New York-based architect and artist created a sculpture incorporating Porsche design principles. The art installation will be on exhibit at the Marina Bay Garden through 11 February.
“We are taking the Macan to a completely new level – with exceptional E-Performance, the new Driver Experience, and a very impressive design,” said Oliver Blume, Chairman of the Executive Board of Porsche AG, on the occasion of the world premiere in Singapore. Continue reading
January 2024 US Light Vehicle Sales Forecast to Drop a Tad
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Total new-vehicle sales for January 2024, including retail and non-retail transactions, are projected to reach 1,087,900 units, a 1.5% decrease from January 2023, according to a joint forecast from J.D. Power and GlobalData* released today. January 2024 has 25 selling days, one more than January 2023. Comparing the same sales volume without adjusting for the number of selling days is an increase of 2.7% from a year ago. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.2 million units, flat from January 2023.
“After December 2023 reached the strongest sales pace in several years, January’s pace has slowed to 15.2 million units. December’s SAAR of 16.2 million was inflated by elevated discounts from manufacturers, particularly as they aimed to clear out remaining inventory of 2023 model-year vehicles. In addition, changes in the eligibility of many electric vehicles to qualify for government rebates, which took effect Jan. 1, meant many EV purchases that would have occurred in January were made in December. Continue reading →