According to a statement by the China Association of Automobile Manufacturers (CAAM), China’s monthly sales of passenger-vehicles suffered its steepest decline in more than seven years due to a Lunar New Year holiday season hiatus that deprived dealers of a week’s worth of sales. Figures indicated that sales fell to 1.16 million units in January, a 24 percent decrease from the year before. According to five analysts from Bloomberg News, sales were projected to drop 18 percent.

Great Wall Securities Co. analyst Ran Fei said, “Even though the actual holidays were five working days, some dealerships took the opportunity to close their stores for a longer time. The numbers are disappointing.” Compounding the auto sales slump in the Chinese market, the Chinese government also estimated that holiday sales at the nation’s main retailers and restaurants rose at their slowest pace since the 2009 financial crisis.

Are these signs an indication that the world’s largest and fastest growing automotive market is showing economic resistance? Despite these statistics, Ran Fei insists that “Car demand is stable. There’s no indication of any changes on that front.” China’s Passenger Car Association also believes that the Chinese economy is fundamentally sound and interprets the auto sales number as a mere holiday season distortion. The Passenger Car Association expects a 30 percent rise in sales for February.

Huatai Securities Co. analyst Chen Liang adds, “Demand is still there and consumers in the smaller, less developed cities will still have a growing need for cars. These numbers don’t change my outlook for the year.”

In January, GM reported an 8 percent decline in China sales, its first Chinese sales decline in six months. Chevrolet sales suffered a 20 percent hit to 54,399 units. According to Ford, its China sales fell a staggering 42 percent last month. Bucking the trend, Luxury German brands BMW and Audi both posted higher sales, enjoying a 30 percent and 23 percent gain respectively.

IHS Automotive Shanghai analyst Namrita Chow provided this explanation, “Prior to the Chinese New Year, Chinese consumers who are looking to enhance their prestige and status symbol have chosen high-end luxury brands.”

[Source: Bloomberg]

Defining the one percent is messy math business that we’re far from doing, but maybe you can reach this stellar status by demonstrating your wealth through gifts.

If that is the case, hip hop entertainer Birdman certainly made the cut in the video below where he gave away a Rolls-Royce Ghost and Bentley Mulsanne — along with a second Bentley that he kept for himself.

If you aren’t up to date on the world of ultra-luxury cars, here’s a quick rundown.

The Bentley Mulsanne launched in 2010 and is the company’s sedan, sporting a 6.75-liter twin-turbo V8 making 505 horsepower and 753 fl-lbs of torque. You can choose to enjoy that power behind the wheel, though at the $290,000 starting price some people may prefer just to pay a chauffeur. Little Wayne got the Mulsanne, while Birdman’s brother and business partner Ronald “Slim” Williams walked away the happy new owner of a Rolls-Royce Ghost.

The Ghost starts at $380,000, and packs 563 horsepower and 575 ft-lbs of torque. Realistically, people buying these cars aren’t all that concerned with the power specs. Badges and emblems emblazoned on the body and throughout the vehicle mean more to status symbols than big power numbers. The interiors ain’t bad either.

Either car offers a splendid example of what it feels like to swim in fine leather and rich wood. Ferris Beuller said it best, “It is so choice. If you have the means, I highly recommend picking one up.” Of course in that movie he’s referring to a Ferrari 250 GT California, but the words still ring true.

If you’ve been scratching your head over these names, this “Lil Wayne”, Ronald “Slim” Williams and a grown man who walks around calling himself “Birdman”, you probably don’t have a taste for rap music.

The three men referred to above are responsible for Cash Money Records, the label behind some of today’s pop icons like Drake, Nicki Minaj, T-Pain and among others, the predator look-a-like himself: Lil Wayne. Know then or not, the first guy in the video is Birdman and these cars cost him a total of well over $1 million so he must be doing something right.

You can watch the video below.

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Today we took a first-hand look at the most powerful of the four vehicles Mopar doctored up for this year’s Chicago Auto Show, the Mopar Chrysler 300 ’12.

In case you don’t recognize that name — it’s actually just a dressed up Chrysler 300, albeit with a price tag that jumped about $10,000 over the entry-level Hemi 300. For $49,700, you get a somewhat sinister black-and-chrome color scheme helped by blue pinstripes that set the car’s lines back in sight. 20-inch glossy black rims complement the matching grille and paint job.

The 300 ’12 interior is full of black leather with blue stitching to match the striped outside. The seats also get blue Mopar emblems embroidered in them, though they look gaudy in a car at that price.

You won’t find any engine changes here, the same 5.7-liter Hemi V8 making 363 horsepower is mated with a 5-speed automatic transmission, but it’s going to feel more punchy off the line thanks to a more aggressive differential. Drivers may also notice improved handling thanks to a stiffer suspension.

Have a look at our gallery and tell us what you think in the comments section below.

GALLERY: 2012 Mopar 300 ’12

Mopar is making an appearance at the Chicago Auto Show featuring four cars they’ve decked out with loads of visual goodies including the Mopar Fiat 500 “Stinger,” pictured above.

Photos hit the media last week, along with the equipment list for the Stinger, which plays up the black and yellow paint scheme you might expect given the name. Black stripes run along the sides, and a black-and-yellow checker pattern covers the roof.

Other than the exterior styling changes, the other-other 500 (don’t forget the Abarth) comes with black chrome accents and 17-inch black aluminum wheels borrowed from, well, the Abarth. The interior also gets new color touches that match the Stinger-styled outside.

Performance-wise there isn’t much different here: just a new set of brakes, cold air intake and a cat-back exhaust to help the car’s 1.4-liter engine breathe easier.

Have a look at our pictures from the show, shown below.

GALLERY: Fiat 500 Stinger

Taking their first Le Mans victory in 1924, the Bentley Brothers and their powerful, heavy, rugged, and reliable Bentley Blower dominated motorsports in the 1920s, outclassing rival Bugatti and its more elegant, lightweight, but considerably more fragile machines.

Despite Volkswagen ownership and the passing of many decades, Bentley cars still retain this trait today. Since 2005, Bentley has provided customers an opportunity to experience the power of new Bentley vehicles in a controlled environment atop a frozen Finnish lake. Known as the “Power on Ice” driving experience program, this year, Bentley instructors will provide excitement and education as customers experience the maximum potential of the new 621-hp Continental Supersport and 567-hp Continental GT.

According to Bentley, the success of “Power on Ice” warranted expansion and for 2012, Bentley will be launching driver training programs in North America as well. No dates and locations have been released so far, Bentley has only said that the program will deliver an experience “like no other.” That statement is hard to refute when we’re considering a track day behind the wheel of 5,000+ lbs. luxury grand tourers with more than 600 horsepower at your disposal.

Check out the Bentley North American Driving Programme promo video; slow-motion action shots, dubstep and all.

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Nobody expected there to be a second car under cloth at the GMC display this morning, but two CUVs were ready to bare it all shortly after 9 a.m. today at the Chicago Auto Show.

The fancier version designed for more luxury-oriented customers gets a host of upgrades meant to set it apart from the standard model.

“When designing the new Acadia, we considered the contemporary shapes and materials GMC buyers expect from many products they buy,” said Dave Lyon, executive director of design for the Acadia. “The Denali’s attention to detail is the ultimate demonstration of that.”

In a side interview, he said they chose to make the Denali’s interior look “a little warmer, to soften the feeling.” He also mentioned that the steering wheel’s wood inserts are made of real wood, where the standard model gets “real aluminum, but fake wood. Most people just want it to look good. We had trouble getting the aluminium to match the real wood [in the standard model],” he said.

Aside from nice visual touches, the Denali comes with standard blind spot monitoring and cross traffic alert systems, which are options in the cheaper model.

The exterior is rethought as well, including a shining chrome grille, 20-inch machined wheels and a chrome exhaust. Customers also get lower, redesigned front and rear fascias. The wrap-around rear window, which is new to both models, gives the Denali an especially luxurious look with tinted windows wrapping around the back and accenting the wheels.

Both the Denali and standard models will be available at dealerships late this year, though pricing details haven’t been announced yet.

GALLERY: 2013 GMC Acadia Denali

Watch AutoGuide’s first look video of the Acadia Denali and Acadia below:

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For decades, the recipe for a supercar had always been about stuffing a fire-breathing V12 engine in the middle. Some super cars receive the occasional quad-turbo W16, V10, and supercharged or turbocharged v8, but these all build upon pretty much the same idea. What many car enthusiasts have actually been wondering ever since they witnessed the Batmobile for the first time is whether jet engines could be fitted into cars in real life.

Finally, Jaguar answers the question with not one, but two jet engines. The Jaguar C-X75 concept was first unveiled in 2010 at the Paris Auto Show, boasting a twin-turbine power plant tucked within a sleek shell reminiscent of the Jaguar XJ220. However, when Jaguar announced the C-X75 would make it to production last year, the twin-turbine was replaced with a more conservative hybrid drivetrain mated to a turbocharged four-cylinder engine. Despite the fact that the power train will be co-developed with Williams F1, the C-X75 isn’t the same without rockets.

Now, Jaguar has revealed that while 250 examples of the C-X75 will be powered by the hybrid turbo-4, an extremely limited quantity of C-X75 supercars will receive the micro-turbines as envisioned from the original concept. These jet engines are produced by the Bladon Jets Engineering Centre in Coventry, which is based very close to Jaguar’s headquarters and is even partially owned by parent company Tata.

Driving the rear wheels, the turbines are expected to produce an extra 95-hp each. Requiring no cooling or lubricant systems like a traditional internal combustion engine, the micro-turbines are also light and easy to package.

While exact numbers are unknown, the C-X75 is expected to meet all supercar requirements, including acceleration to 60 mph in 3 seconds and a top speed exceeding 200 mph.

GALLERY: Jaguar C-X75

[Source: Auto Express]

The cloth dropped from the 2013 Shelby GT500 convertible at the 2012 Chicago Auto Show today, delivering a topless blast of fast that we’ve been eagerly awaiting.

Just like a bottle of Bacardi 151 rum, this car is wickedly strong and gets its job done fast. With that in mind, here’s the lowdown on Ford‘s most potent convertible to date.

“The Shelby GT500 convertible is every bit the performer that the coupe is,” said Kerry Baldori, SVT Global Performance Vehicles chief engineer. “All of the significant changes we made in the program were instrumental in delivering a convertible that could really shine on the track but can still be driven on a daily basis.”

As for year-over-year comparison, Ford says the 2013 model is 3.5 seconds faster around the track than the 2011 or 2012 models.

That said, there isn’t much mechanically different from the coupe, aside from the obvious convertible top, the latest angry muscle car in the 49-year lineage is anything but a disappointment. Expect the same 19-inch alloys in the front and 20′s in the rear, sitting around Brembo brakes.

It delivers on exactly what you want, obnoxious power and ostentatious appeal that’s sure to turn heads anywhere you go. Under the hood, the same 5.8-liter gut-wrencher of a V8 makes 650-horsepower and a neck-snapping 600 lb-ft. of torque.

As per the coupe version of the latest snake-worthy mustang, the same all-new 2013 drivetrain is still in place including cool features like a carbon-fiber drive shaft and an upgraded transmission axle and clutch.

It’s no surprise that the top-of-the line Mustang, meant to keep the Chevrolet Camaro ZR1 on edge, gets some additional weight thanks to Bilstein electronic adjustable dampers available on the performance package and  a newly tuned chassis.

GALLERY: Shelby GT500 Mustang convertible

Watch AutoGuide’s first look video of the Shelby GT500 Convertible below:

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GMC unveiled its 2013 Acadia crossover, alongside a surprise reveal of the more luxury-oriented Denali trim level, today at the Chicago Auto Show.

The 2013 model will feature the same 3.6-liter V6 engine making 288 horsepower, though Tony Disalle, vice president of GMC marketing said the new Acadia will benefit from a new Hydra-Matic 6T70 six-speed automatic transmission that will improve efficiency and driveability.

The standard Acadia gets a new exterior design featuring LED lighting and standard projector beam headlamps or optional HIDs. Plus, it’s hard to miss the more flat-fronted grille and boxier fender flares, style elements borrowed from the popular Traverse.

Inside the Acadia gets new seats, plus a standard color touch radio, Bluetooth and a backup camera. Optional goodies include GM’s Intellilink system; a version of the MyLink telematics interface found on Chevy products.

There are also new standard safety features, including an industry-first front-center airbag that deploys during a side-impact crash to keep font seat occupants safe from one another during impact.

The Acadia Denali model comes standard with blind spot detection and cross traffic alert systems, both of which can be added to the standard model.

Aside from standard safety features, the Denali model features GMC’s “three dimensional polished grille”, which glistens with chrome. The interior gets a few extra touches as well, with richer-looking wood trim around the shifter than the standard model.

The Denali also gets larger, 20-inch machined wheels to deliver a more luxurious appearance, as well as dual chrome exhaust pipes. See our pictures of the 2013 Acadia below.

GALLERY: 2013 GMC Acadia

Watch AutoGuide’s first look video of the Acadia and Acadia Denali below:

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Driving down the boulevard in their Italian supercars, wealthy but genuine car enthusiasts face the difficult challenge of separating themselves from the typical playboys in fast cars. To solve this first world problem, HRE performance wheels proposed that there is no better way to add a touch of class to an exotic than by installing performance wheels with vintage flair.

Introducing the new Vintage Series, HRE wheels recreated three iconic designs from the brand’s 34-year history, each of which range from 18- to 20-inches, and are completely re-engineered as 3-piece forged wheels from quality aerospace-grade forged alloy. What’s more, each wheel is hand-finished in order to meet customer’s specifications for their modern exotic.

HRE provided a press gallery to showcase its new wheels installed upon the successors of the same automobiles that once wore the originals. The German racing car roots of the “501″ wheels are instantly recognizable, as its mesh lace design suits the latest viper green Porsche 991 ducktail nicely.  The five-porthole “454″ is a modern take on the wheels from the sensational Lamborghini Diablo and are just as striking to look at when fitted to the new Aventador. Finally, the pentagram design “505″ is a proper ode to the Ferrari F40, although pairing the set of wheels to a Ferrari 458 Spider is slightly clashing.

HRE Wheels President Alan Peltier said, “The process of recreating vintage designs that captured the style and essence of the originals was very exciting and challenging for all of us at HRE. These designs take us all back to the ’70′s and ’80′s when we were kids falling in love with exotics for the first time and truly becoming car lovers. Capturing all the character and magic of these designs, while ensuring they fit modern super cars and met our current engineering standards, made the project tougher than simply creating replicas of the original cast wheels. We found inspiration in those original designs but created wheels that reflect the HRE of today; wheels that are truly inspired.”

Wealthy automotive connoisseurs, rejoice!

GALLERY: HRE Vintage Series

[Source: Autoblog]