2017 is about to end and unfortunately for some cars and trucks, they will no longer be seen on the roads as manufacturers have decided to discontinue the production for various reasons.
USA TODAY reports that some cars will bid goodbye forever while some will only be shelved for a period of time until the manufacturers decide it’s time to resurrect them or offer new editions. The sales of cars are expected to dip for the first time since 2009 so it makes sense for car companies to cut the models that do not bring in profits.
For car enthusiasts, it’s time to say goodbye to the following models below:
Buick Verano (2012-2017)
Verano had its heyday but interest in small cars have begun dipping in recent years. General Motors announced it will still offer LaCrosse and the Regal for next year. The current trend is compact crossover SUVs which make it harder for small cars to compete.
Chevrolet SS (2014-2017)
One of the reasons why Chevrolet SS will be discontinued is that General Motors closed the factory in Australia where it was made. This prompts some people to think that it will be offered again in the future. Sales of SS only reached 2,600 units by the end of July, which was already a 21 percent improvement from sales in the same period in 2016.
Dodge Viper (1992-2017)
According to Forbes, the Dodge Viper helped put Chrysler’s name on the map some years ago. In this list, it is one of the most recognizable vehicles that will reach its end in 2018. It gained a following among committed fans back then but after undergoing a change of ownership twice, the Dodge Viper lost some of its appeal to the market.
Mitsubishi Lancer (2002-2017)
Mitsubishi is focusing its efforts on SUVs, thus, spelling the end for the once beloved Lancers. This model gave birth to numerous Evolution iterations. Since small cars have lost its popularity, it forced car companies to more profitable models. In this case, the new Eclipse Cross crossover will take the place of Mitsubishi Lancer in the showroom in 2018.
Volkswagen Touareg (2004-2017)
Like the other ones on this list, Touareg enjoyed its stint in the limelight before. It was once considered as the sportier and more luxurious version of SUVs. But in the end, Volkswagen decided to favor new crossover models such as the three-row Atlas SUV.
In China, car manufacturers are stepping away from fuel-powered cars in favor of electric and plug-in hybrid cars. Per Reuters, BAIC Motor Corp. announced it will no longer develop fuel cars by 2020 and stop production and sales by 2025. BAIC also makes cars in partnership with South Korea’s Hyundai Motor Co and Germany’s Daimler AG.
BAIC Chairman Xu Heyi admits the decision was challenging for them. In a bid to reduce air pollution in the nation, the government of China has put a quota for electric and plug-in hybrid cars that will take full effect in 2019. The new-energy vehicles are expected to make up at least 20 percent of Chinese auto sales by 2025.
Legalization trend drives cannabis ETFs to significantly grow
More and more US states are legalizing the use of cannabis. The trend around the plant is not only boosting...
VB Devices closes a €1.1 million round to consolidate its market entry
The operation of the Spanish startup VB Devices has raised more than $488,000 (€400,000) between new investors and current partners...
ESMA now wants to regulate ESG rating agencies
ESMA focuses on two “pain points” with regard to ESG ratings. On the one hand, it calls for minimum regulatory...
Bitcoin whale alert: major investors dump large amounts of BTC
Bitcoin whales have sold off larger amounts of Bitcoin (BTC) this month, according to the latest data from aggregator Glassnode....
ARisk, the startup of predictive risk algorithms, closes €350,000 round
ARisk, a university spin-off of the Polytechnic of Turin, founded by former Consob chairman Giuseppe Vegas, which develops predictive risk...
Featured6 days ago
Sella Data Challenge, Banca Sella’s challenge for new data-driven fintech solutions
Business5 days ago
One eye on the future, another on the past— LODE is solving the gold and silver liquidity problem
Featured5 days ago
Amundi will pay managers based on ESG returns
Business5 days ago
The markets continued their relentless climb with new all-time highs once again