Report: Owners Leasing Cars May Be Able to Make a Profit

With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.

All a would-be lessee needs to do is buy the car from the dealer and sell it on privately. The dealer gets the residual amount and the former lessee pockets a tidy sum.

Take the example of a 2008 Volvo XC90. With more than twelve months left on the lease, the dealer’s buyout price was a quoted US$18,500. Compare this to the amount the lessee was likely to get by selling the car privately: a far more substantial US$27,000. That’s a profit of US$8,500!

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Today’s Cars Are Nigh Impossible to Steal, Says Motor Industry

In the UK, car theft is down by more than 60% over the last seven years thanks to improvements in anti-theft technology. Coded car keys, alarms, immobilisers, better locks, strengthened glass and built-in tracking devices have made the modern automobile virtually impossible to steal.

Some 80% of car thefts now require would-be thieves to steal the owner’s keys or otherwise load their targets onto trailers for transport. And even then, tracking systems in some high-end cars mean these cars are recovered rather quickly.

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Volvo to Axe S40/V50 duo from US Line-up Due to Poor Sales

Volvo will stop selling its mid-size sedan, the S40, and its station wagon “twin”, the V50, in the USA during the 2012 MY. The reason? You guessed it; poor sales. According to Volvo spokesman Dan Johnston, US deliveries of the two models were disappointingly low with the S40 down 29% in 2010, while the V50 fared even worse, with its sales dropping by more than 50%. Read more »

The King of Overkill has Found his Queen in Toronto

And by “King of Overkill” we mean, of course, the….how should we put this delicately… excessively ornamented Porsche Cayenne SUV photographed outside a dollar store in Ontario, Canada, last week by Carscoop reader Jonathan Fernando.

This blonde Swedish diva [aka a previous generation Volvo S40 finished in a yellow hue] was spotted all dressed up and ready to meet the king of her dreams at a parking lot in Toronto, Canada, by another one of our readers, James Dong.

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Volvo’s Pure Electric C30 Enters Production

Volvo is starting production of the all electric version of its compact-size hatchback which, unsurprisingly, is named the C30 Electric. After testing about 50 cars since autumn 2010, mainly internally, the Swedish automaker plans to build about 250 cars by the end of 2012 (or more if there is enough interest), which will be leased in a number of European countries, including Sweden, Norway, Belgium and the Netherlands. Read more »

One More Time: Volvo Recalls 2012MY S60 Sedans to Fix Fuel Pumps Again

For the second time in a month, the National Highway Traffic Safety Administration said Volvo is recalling certain 2012 model year S60 sedans because of a potential problem with the fuel pump assembly. This time, the recall affects 448 S60 saloons built from January 18, 2011, through January 28, 2011.

The Swedish automaker informed the safety agency that the male part of the fuel line quick connector end shape was produced with dimensions out of specification and could detach from the engine. If this were to occur, the engine could stall while the driver may also notice a fuel smell and leakage, which could result in a fire.

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Volvo Launches Long-Wheelbase S80L sedan in China

Following last year's announcement, on March 12th, Volvo launched the all-new, long-wheelbase S80L in China. Developed to meet the specific needs of Chinese consumers, the wheelbase of this S80L model is prolonged by 140mm reaching 2,975mm with a full length of 4,991mm. This results in a rear seat leg space of 1,025mm. Volvo has also upgraded the S80's standard equipment with such luxurious specifications as a refrigerator in the rear seat, Premium Sound, rear seat entertainment system, and more deeply padded leather seats

The S80L, which is built in China, is available exclusively with a 3.0-liter six-cylinder in-line turbocharged engine, with a maximum power rating of 285HP and a maximum output of 400 Nm torque at 1,500rpm. According to Volvo, it needs 7.2 seconds to accelerate from 0 to 100 km/h (62mph).