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 Luxed up S80 Executive and Sportier-looking V70 R-Design

Swedish carmaker Volvo is expanding its lineup with the introduction of two new models, the top-end S80 Executive sedan and the sportier loooking V70 R-Design station wagon.

Starting with Volvo’s premium sedan model, a special badge on the C-pillar hints at the enhanced features inside, which include a leather wrapped instrument panel, ventilated soft leather seats with massage function, leather-covered door panels, an aluminum center console storage compartment and an analogue clock on the dashboard. The extra thick carpets and an optional fridge in the rear seat that comes with a set of Swedish crystal glasses round off the equipment upgrades.

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Volvo Boosts Output in 2012 S60 and XC60 R-Design Models

At the 2011 New York Auto Show, Volvo announced that the 2012 S60 R-Design sedan and XC60 R-Design crossover will receive significant horsepower and torque increases when they go on sale in the U.S. late this summer.

Both the S60 and XC60 R-Design models are powered by Volvo's most potent six-cylinder unit, the turbocharged T6 engine. Thanks to a series of upgrades, the T6 in the 2012MYs produces 325 horsepower and 354 lb-ft (480 Nm) of torque, an increase of 21 horses and 29 lb-ft (39 Nm) of torque compared to 2011 R-Design models. Maximum torque is now achieved from 3,000 rpm and remains available throughout the rev range.

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Volvo Concept Universe Hints at Design Direction for New Luxury Sedan

Making its world premiere today at the Shanghai Auto Show is the new Volvo Concept Universe, a study for a luxury sedan model that also provides a peek at the Swedish automaker’s future design language.

While Volvo did not release any technical details on the Concept Universe, the fact that it measures less than 5 meters in length points at a design study for a replacement for the firm’s S80 sedan and not a larger, Mercedes-Benz S-Class rival that the Swedish company’s Chinese owner Geely has been recently talking about.

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Volvo Teases Mysterious Concept Universe that Could Preview a Flagship Model

Volvo released a teaser video of its upcoming Concept Universe, without giving out any additional information other than that it's a new design study that will be launched shortly. This means it could debut at one of this month's international auto shows, either in New York (April 22 – May 1) or Shanghai (April 21 – 28). Taking into account the fact that Volvo is owned by China’s Geely, the Shanghai show could be the more probable venue of the two for the new Volvo. Read more »

2012 Volvo V70, XC70 and S80 get Revised Diesel Engines and New Features

Volvo announced that it will offer a number of upgrades for its new model year V70, XC70 and S80, including the introduction of the latest iteration of its infotainment system as well as refined D5 and D3 diesel engines with increased performance and lower fuel consumption.

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Heico Sportiv Redoes the Volvo XC90 SUV, Launches New Styling Package

Seeing that Volvo will be holding on to the XC90, which has been in production since 2002, for a few more years, tuning firm Heico Sportiv decided to update its styling offerings for the crossover model.

The newly developed bodykit is made from PUR-R-RIM plastic and consists of six parts. These include new front apron that replaces the series-produced central and side panels and has a stainless steel stay located in front of the cooling air outlet, side skirts that are mounted on top of the original parts and a new rear apron that accommodates the four-pipe sports exhaust system with oval chrome end tips.

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Volvo C30 Electric Undergoes Harsh Winter Testing in the Extreme North

One of the major fears consumers have regarding electric vehicles, besides range anxiety, is how these cars are going to function in rough weather conditions. We all know batteries are sensitive to extreme temperatures, which can affect their capacity of storing electricity.

This is why Volvo is trying out its C30 Electric model in the north of Sweden, inside the Arctic Circle. Temperatures as low as -20 degrees Celsius are something normal in this part of the world, so Volvo engineers want to ensure the battery-powered car runs smoothly even in harsh environments.

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Volvo Recalling Seven 2011MY S40 Sedans Over Production Error, May Replace Vehicles

In what could be one of the smallest recalls of the year, Volvo has issued a recall for seven S40 sedans from the 2011 model year in the U.S. over a production error. In a recent filling, Volvo told the National Highway Traffic Safety Administration [NHTSA] that a crack may have formed on the top side of the passenger side support member in the engine compartment during the component production. Volvo said that the crack could have an effect on the front structure and may reduce the crash performance of the vehicle.

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Watch a Volvo S60 Being Sprayed with Graffiti by Street Artists

Volvo Art Session is the name of an experiment done by Volvo Cars Switzerland, in which ten street artists were provided with an S60 sedan that they could use as a canvas to create different designs.

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WTCC Debut in Brazil for Polestar Racing’s Volvo C30 DRIVe

The Polestar Racing prepared Volvo C30 DRIVe will make its premiere at the FIA World Touring Car Championship [WTCC] in the opening round of the 2011 season at Curitiba in Brazil this weekend. Polestar’s factory-backed C30 has already competed in the Swedish and Scandinavian Touring Car Championships, but being that the WTCC is a different beast altogether, the company said that it will not race to win this year, but to further develop the car for the 2012 season.

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Volvo Reduces Price of Entry-Level C30 to £15k in the UK

There’s less to pay for UK buyers looking to get into a Volvo C30 sport hatch as the Swedish automaker announced a significant £1,300 price cut to the entry-level model which now starts from £14,995 on the road. The C30 ES features a 2.0-liter petrol engine with 145HP and comes equipped with electronic climate control, 16-inch alloys, leather steering wheel and gearlever, a stability system (DSTC), power windows, information centre, and a CD player with auxiliary input.

In the UK, the C30 is available with a variety of petrol and diesel engines ranging from the 145HP 2.0-liter petrol to the 230HP T5 and 115HP D2 to the 177HP D4, as well as a choice of trim levels including the sporty R-Design.

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Volvo to Build New Car Plant in China, Aims to Sell 200,000 Vehicles in the Chinese Market by 2015

At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is still pending approval from the Chinese government.

"We regard the Chinese market as the second home market for Volvo Car Corporation and a very important part of the plan to build a successful future for the company," said Stefan Jacoby, President and CEO of Volvo Car Corporation.

The Chengdu assembly plant will only build Volvo cars and have an initial output of around 100,000 cars annually, with production estimated to start during 2013. Volvo said that the decision to expand in China will not affect operations and employment in Europe.

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Volvo's Iconic P1800 Turns 50 This Year

Even if you are not a specialist in classic cars, you know you have seen this one before. And you're right, its fame came from being Roger Moore's ride in the TV series “The Saint”. In fact, the man who played Simon Templar liked the car so much that he bought one for himself.

Revealed at the 1960 Brussels Motor Show, the unmistakably-shaped Swedish coupe was not the first choice for the part in “The Saint”. The producers first asked Jaguar for the E-Type, but the British refused, arguing that the car didn't need more publicity. Volvo said yes and so the P1800 became known worldwide.

Production started in 1961 and almost 46,000 units of the model were made in various versions until production ended in 1973.

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Volvo Adds Fuel-Efficient DRIVe Variants to S60 and V60 Range

Volvo is expanding its S60 and V60 lineup in Europe with the introduction of more fuel efficient DRIVe variants. Both versions use the upgraded 1.6-liter diesel engine that complies with the Euro 5 standard and is mated to a six-speed manual gearbox. The S60 and V60 DRIVe models also benefit from the use of a start/stop system, with the end result being low fuel consumption and reduced emissions.

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