If you have a need for raw, primal, screaming speed and horsepower in truly large doses, we’ve got your shopping list. Satisfaction is guaranteed; there’s not a car on it that generates less than 500 horsepower as delivered.
Topping the list is the SSC Ultimate Aero with a 6.3-liter V8 that churns out 1,287 horsepower and a stump-pulling 1,112 foot-pounds of torque. SSC stands for Shelby Supercars but it’s not the Shelby that first comes to mind. The company was founded in 1999 by Jerod Shelby, an automotive enthusiast. SSC’s headquarters is in Tri-Cities, Washington, Shelby’s hometown.
SSC was created with the goal of becoming a world class automotive manufacturer. After seven years in development, the Ultimate Aero made a spash on September 13, 2007 when it set a new record of 257.41 miles per hour to become the world’s fastest production car, beating the previous mark set by the Bugatti Veyron. It took Bugatti and Volkswagen more than two years to field the 1,200-horsepower Veyron 16.4 Super Sport that would reclaim the crown and reset the bar at 267.86 miles per hour.
In case the Ultimate Aero isn’t quite enough, SSC has unveiled the Tuatara, a futuristic sports car created to take the speed record back again.
Also on Inside Line’s list are John Hennessey’s Venom GT, Steve Saleen’s S7 Turbo, the (Carroll) Shelby GT500, the SRT Viper and Corvette ZR1, all mixed in with a dazzling array of hot exotics.
A recent Consumer Reports survey claims the spring run-up in gas prices has had a real impact on American drivers. Fuel economy beat quality and safety as the most important factor in a new vehicle buying decision with two-thirds of respondents saying they expect their next vehicle to get better fuel mileage than the one they’re driving now. In addition, more than a third of the participants said they are driving less than they did a year ago.
While 90 percent of those surveyed said money was the primary motivation for wanting a more fuel-efficient vehicle, 62 percent also said they wanted to be more environmentally friendly and 56 percent were concerned about America’s dependence on foreign oil.
The survey showed car owners willing to consider different ways to trim their gasoline expenses, from simply downsizing vehicle or engine size to alternatives like hybrids, electric cars, or diesels. Almost three-quarters of those polled would consider an alternatively fueled vehicle, with flex-fuel and hybrid models leading the way. Younger buyers were more likely to consider an alternatively fueled or purely electric vehicle than drivers over the age of 55.
When asked about a replacement for their current vehicle, small cars were named by the highest percentage of respondents. The next-largest percentages went to larger sedans and midsized SUVs. CR noted that their survey showed owners would be less likely to replace their current vehicle with a sedan or minivan.
Participants expressed a willingness to compromise or even give up some things in the pursuit of fewer fill-ups. More than half of the car owners surveyed said they would compromise on size or capacity with their next car. Not surprisingly, owners of large SUVs were the most open to downsizing, with a smaller SUV or crossover cited as the most likely replacement. About half would give up some amenities or comfort. Survey respondents with household incomes less than $50,000 were more willing to make concessions than more-affluent households.
There were even some respondents willing to give up some performance by going to a smaller engine. Curiously, the CR survey found men were more willing than women to sacrifice engine power.
As can be seen from the chart above, this trend isn’t really new, though it seems to have received a significant amount of media attention during the most recent round of gasoline price increases and the widespread talk of prices hitting $5.00/gallon by summer. Following the end of the American love affair with bigger pickups and excesses like the Hummer and Ford Excursion around 2004, when average fuel economy dropped to a two-decade low of 19.3 miles per gallon, the figure began a steep climb that accelerated after gas hit an all-time record of $4.114/gallon ($4.40 in 2012 dollars) in 2008. In the past six years, the average has increased 3.5 miles per gallon to a record 22.8 mpg.
There is a danger attached to relying on surveys like the Consumer Reports study: First, responses don’t always turn into actions and, second, there is no clear understanding of the word “small.” National Highway Traffic Safety Administration figures show that when it comes time to sign on the dotted line, Americans shun truly small cars in favor of weight, power and acceleration. From 1993 to 2010, the latest year for which figures are available, the average new vehicle gained nearly a quarter-ton of weight and 73 horsepower and shaved 2.3 seconds from its 0-60 time. In fact, the average vehicle sold in 2010 weighed slightly more than it did in 1975. It’s likely the additional 1.6 miles per gallon in fuel efficiency over the past 20 years is attributable more to engineers and designers working to make vehicles more efficient than any major change in consumer buying habits. There was a significant cumulative weight drop from 2008 to 2009, but more than 52 percent of that drop was recouped in 2010 and the NHTSA estimates 2011′s results will show another increase in weight.
When it comes to the American carbuyer’s definition of small, it’s definitely a relative term. Visions of vast numbers of micro-cars are more dream than reality. In April of this year, Ford sold more than four times as many Fusions as it did Fiestas and the Chrysler 300 easily outsold the Honda Fit and Toyota Yaris. Americans are downsizing, but the actual compromises are small, as in giving up the room of an Expedition for an Explorer or an Escape.
Study after study claims Americans are interested in alternative fuel vehicles and hybrids are accounting for a larger portion of total light vehicle sales. But the growth is due almost entirely to Toyota and the market remains small even with a large number of brands and models from which to choose. Manufacturers like Ford and Honda have seen significant declines in hybrid sales. Furthermore, a recent study showed that consumers are unlikely to replace a hybrid with another hybrid. It’s quite possible that new entrants in the market, like the Ford C-Max, which have a lower price-point, will have a positive impact on consumer buying, but that remains to be seen. Diesels are also growing but, in spite of the wide availability of engines available to all the major automakers, only a handful of German manufacturers offer them.
Flex-fuel, for lack of a better term, is a joke, especially for someone looking to economize. Today’s price for unleaded regular gasoline is $3.678 per gallon. E85, a mixture of 85 percent ethanol and 15 percent gasoline, is $3.217 per gallon which looks like a savings of 46.1 cents. The kicker is that ethanol doesn’t contain as much energy as gasoline so one has to buy $4.233 worth of E85 to get the same work as a gallon of unleaded. That 46.1-cent savings is actually a 55.5-cent loss. In addition, ethanol manufacturers haven’t been able to get satisfactory yields from non-food biomass, so they continue to divert large quantities of corn from the food supply, driving up the cost of feeding a family. So flex-fuel is a two-time loser for now.
One special caveat applies to responses from younger drivers. When it comes to “green cars,” they may talk the talk, but they definitely don’t walk the walk. They do tend to buy smaller cars, but there’s not a greenie among the top models purchased by the Millennials.
Characteristics of New Light Vehicles Sold in the U.S.
April sales reports should be coming out in a few hours, but the wizards of Wall Street and elsewhere have already placed their bets and made their predictions.
One of the things that has changed in the April forecasts compared to previous monthly estimates is a general consensus that the torrid seasonally adjusted annualized rate (SAAR) seen earlier this year, especially in February, was a blip, not a trend. SAAR estimates this month are more restrained: Jeff Schuster of LMC Automotive says the SAAR won’t even break 14 million. Most other analysts are looking on the low-to-mid 14 million range. That’s still an improvement, but fewer people are looking for a 15-million-sale year. That probably won’t happen until there is a solid and prolonged uptick in hiring.
Gas prices are still a hot topic even though they have been declining recently. The problem is that gas wasn’t that much cheaper last year, so the perception of high prices persists.
Honda is the one to watch this month. The second-largest Japanese automaker has mostly recovered from last year’s natural disasters in Japan and Thailand and is getting very aggressive about reclaiming lost market share. In addition to a high-visibility marketing campaign, Honda has really ramped up incentives. According to estimates from TrueCar.com, Honda increased its April incentives by eight percent over March of this year, more than any other manufacturer.
Everyone is looking for the pace of Chrysler’s sales growth to slow a bit. The smallest of the Detroit automakers has posted five months of 30-plus-percent gains; the analysts are looking for an improvement under 20 percent in April. That would still make 25 months of year-over-year sales increases.
BLOOMBERG ANALYST POLL
Kelley Blue Book
SAAR Forecasts Only
Baum & Associates
Jessica Caldwell of Edmunds.com and Jesse Toprak of TrueCar.com both have more in-depth forecasts and it’s interesting to see the contrasts between the two in their April predictions. Caldwell and Toprak both have Honda outselling Nissan this month but Toprak also sees Toyota bumping Ford out of second place for the first time in almost a year.
This morning, Fitch Ratings upgraded Ford Motor Company and Ford Credit by one notch to BBB- from BB+ with a stable outlook. This means Ford is now investment grade stock for the first time since late 2005.
Fitch said the move “reflects the automaker’s significantly improved financial performance, balance sheet repair, and product portfolio improvement that have taken place over the past several years.”
they wrote in a report. The work “has put the company in a solid position to withstand the significant cyclical and secular pressures faced by the global auto industry.” The upgrade is proof of Ford’s progress and a plan that “includes achieving strong investment grade ratings and maintaining investment grade throughout an economic cycle,” said Bob Shanks, Ford’s chief financial officer, in a statement. Ford shares rose 2.3% in preopen trading.
“We are very pleased with today’s decision by Fitch,’ said Bob Shanks, Ford’s CFO. ‘It is an important proof point of the continued progress the Ford team is making with our One Ford plan. Moving forward, we will continue to focus on driving profitable growth for all of our stakeholders. In fact, our One Ford plan includes achieving strong investment grade ratings and maintaining investment grade throughout an economic cycle.”
The automotive experts at Edmunds.com have released the top 50 vehicles most often researched by visitors to their website. The automotive experts at ACARPLACE.COM decided to see how those searches compared to actual purchases, so we added a “sales” column with each vehicle’s rank by March 2012 sales volume. Since Edmunds not only ranked the Toyota Prius as a single model but also ranked individual lines, we looked at the actual sales volume of each and estimated where it would rank had Toyota reported them as individual models.