Tag Archives: Cruze

Paris Motor Show: What’s New and Shiny from Chevrolet

The Paris Motor Show kicks off tomorrow, and all the major car manufacturers are giving auto enthusiasts an early sneak peek at what they can expect to see from the show. Today is our last day of coverage before the show, but you can get the latest from the Paris Motor Show via the show’s official website.

Chevrolet will be only debuting one new SUV at the Paris Motor Show, but they are showing off several new updates to old favorites that are certainly worthy of note.

First up, the headliner is the new Chevrolet Trax which Chevy has touted as dependable yet modern, a highly versatile SUV that handles like a car. It is a smaller sized SUV but has space to seat 5 people, and the seats can be folded over for additional storage in the back. For the driver, the Chevrolet Trax will include Chevrolet MyLink as a standard feature. MyLink syncs with the driver’s smartphone and allows the driver to place calls, select a music playlist, get directions, or access other information from their smartphone on the car’s high resolution touchscreen.  The screen also shows the car’s rear view camera, an invaluable tool when parallel parking.

I have a feeling that the Trax will appeal to people who like the look and space of an SUV vs. a sedan but prefer the handling of a smaller car. Families will probably be the target audience, and with the MyLink system as a standard feature, I could see the Trax doing very well with car shoppers who might otherwise consider a minivan or a four-door hatchback sedan.

The rest of Chevy’s Paris Motor Show line-up is mainly redesigns and updates. The Chevy Spark will get a redesigned grille, front bumper, head light covers, and fog lights as well as a new center LED light in the spoiler above the window. Additionally, the Chevy Orlando will be getting a new 1.4L turbo gasoline engine that will be more fuel efficient at about 38 miles per gallon, and the Cruze station wagon and Malibu diesel will be on display, though they have already premiered in Europe. Finally, Chevrolet’s two Youth Concepts, the Code 130R and Tru 140S, will be on display again. These concepts have previously been on display at shows around the world from New York to Beijing and Geneva, and they have gotten rave reviews. The Code 130R even made CNET’s top 10 best concept cars of the international auto show season, so while the Code 130R and Tru 140S have already been seen around the world, they are still an exciting addition to the Paris Motor Show.

To see more of the upcoming show, stay tuned to the Approved Loan Store and check out the event’s official site here. Also, get the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Just Who is Buying Cars These Days?

With the resurgence of the auto industry being firmly embedded into the news cycle month after month, the major car makers have found themselves questioning just what they have to do to keep themselves there. A recent report from AARP showed that the Millennial generation are the ones with the most buying power. Making up more than 40 percent of the car buying market, there’s been a considerable shift in thinking from the car companies about just who they should be selling their cars to. The youth crowd has been the typical demographic, but with only making up 27 percent of new vehicle sales, it begs the question of just how much effort should be extended to encourage the young to purchase a car?

Autofinancenews.net has an article that shows that the advent of social media has diminished the desire for many youths to own a car. Why do they need to purchase a new set of wheels to go visit a friend when they’re are just a tweet/text/email away? Many are still in college, struggling with staggering college debt, and are turned off when looking at just the costs of gas and concerns about the environment.

Car makers, like GM and Chevy, are trying to see what they can get in the $170 billion in buying power young consumers have. They have teamed up with MTVScratch, to see how to get both the youth and the Millennial into dealerships. One of the first orders of business is rethinking business. MTVScratch will be transforming not just the way cars look, or the technology in the dashboard, but will even be re-imaging the test drive. Chevy, for example, will have their upcoming models of the Sonic, Cruze, and Spark available in some news colors, such as “techno pink,” “lemonade,” and “denim.” Scratch has even gone as far as saying that the sales people at the dealerships need to abandon the commission system. The new buying crowd is used to buying things like in an Apple Store, where the employees don’t use hard sell tactics.

It’s still the question of if the young buyers are going to be the ones to really help the auto industry’s sales trend. Jeep has decided the answer is no and have turned to the Millennials by taking out ads in AARP’s magazine geared strictly at placing the above 50 crowd into a new car. Only time will tell of just how auto makers can succeed in capturing such a large part of the market and just which generation is the one to keep the industry strong.

What do you think? Which market is the better one, the youth or the over 50 generation? Go ahead and leave a comment voicing your opinion. If you’re part of either group and looking to purchase a vehicle, but suffer from challenged credit, be sure to fill out an application for Approved Loan Store. Our staff is waiting to help get you into the car you want. Like us on Facebook and follow us on Twitter and we’ll keep you up to date on all the latest news in the industry.

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