Scout Motors debuts new EV concepts, Toyota tops "most loved cars," Volvo slashes sales outlook

Hey everyone. World’s skinniest Jeep Wrangler spotted on Instagram is the real deal, not A.I.

A Jeep Wrangler JK owner in Morocco took customization to the extreme, chopping the body and chassis to create what’s now being called the world’s skinniest Jeep…

A bold twist on the iconic off-roader 😂

— CDG

Wholesale used car prices slowing their slide:

Last week, 8 of 9 car segments reported very slight price decreases — signaling that overall depreciation is moderating.

The reason? Used car supply is still compressed — helping to keep prices "propped up."

But — rising incentives (especially for new trucks) could speed up wholesale depreciation in the coming months.

(Data source: Blackbook)

1. Scout Motors is reborn with new electric SUV and truck concepts

Scout Motors just revealed its first two new vehicles — the Traveler SUV and Terra pickup — marking a bold relaunch of the classic brand.

With roots in the original Scout models built from 1961 to 1980, this reboot blends modern EV engineering with vintage charm to tap into nostalgia while tackling the competitive electric truck and SUV market.

The catch is — these vehicles will sell directly to customers or through an “exclusive” Scout Motors sales and service network, which will likely get major pushback from dealers … (Go deeper: 5 min. read)

2. Toyota, hybrids outlast competition as buyers focus on reliability

Many drivers are holding onto their vehicles longer, valuing reliability and affordability over flashy features.

A recent study by iSeeCars found that models kept for 15+ years are overwhelmingly hybrids and Asian brands, with consumers prioritizing durability to save on long-term costs.

As new car prices stay elevated, buyers are increasingly focused on getting more life out of their vehicles, raising questions about whether premium price tags at some automakers are worth it … (Go deeper: 3 min. read)

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3. Volvo Cars trims sales guidance as EV shift gets bumpy

Volvo has scaled back its 2024 growth forecast to 7–8%, down from 12–15%, as rising interest rates, softer demand, and tougher competition weigh on sales.

With shrinking EV subsidies in Europe, Volvo is keeping hybrids in the mix to stay flexible.

A bright spot is the EX30 EV, which sold 9,600 units in Sept., giving the brand some momentum. And even though CEO Jim Rowan is focusing on profit over volume, he admits the path forward “won’t be easy.” … (Go deeper: 2 min. read)

• Jaguar revives its classic E-Type Roadster—again.

• New program offers students path to automotive career.

• Biden administration approves Ford EV supplier’s Nevada lithium mine.

• Tesla stock had best day in over a decade on Musk’s 2025 growth projection.

• TSMC chips found in banned Chinese company, violating U.S. sanctions.

Thanks for reading everyone.

— CDG