Posts tagged with "mustang"

The Bullitt Mustang and the Stock Market

The Fascinating Facts About the Bullitt Mustang’s Link to the Stock Market

By Robert Folsom

In October 1968, the action film Bullitt came to theaters. The movie starred Steve McQueen, who defined the idea of “cool” for a generation. Other famous faces in the film included Robert Vaughn, Jacqueline Bisset and Robert Duvall. Yet, there was one other star of the movie: the Ford Mustang GT Fastback. Bullitt helped make the Mustang as cool among muscle cars as Steve McQueen was cool among Hollywood stars.Rob

The ’68 Mustang from Bullitt plays the star to this day. It became the main attraction at the 2018 Detroit auto show, unveiled as the authentic mustang from the movie by the family who had secretly owned the vehicle for 40 years.

The car is so memorably cool and such a unique brand, that Ford Motor Company has brought a commemorative Bullitt Mustang model to market once, twice, and now a third time. Remarkably, all these appearances came at very specific junctures in the stock market.

Bullitt debuted in theaters in October 1968, the very month that the Dow Jones Industrial Average registered an important peak. The stock market index stayed mostly below that price peak during the 1970s and early 1980s. Yet in 1982, the trend turned, and a years-long bull market unfolded all the way into 2000. In 2000, at a major top in the Dow, Ford announced the launch of the 2001 Bullitt Mustang.

What followed was a bear market and the lowest lows of the early 2000s. But the trend turned again, and the market once again registered new all-time highs that carried into 2007. That year, Ford announced the launch of the 2008 Bullitt Mustang.

After that launch came a brutal bear market and the Great Recession. Then the trend turned higher, once more reaching new all-time highs in 2018. And, you guessed it, in 2018 Ford announced the launch of the 2019 Bullitt Mustang. So:

  • The 1968 movie Bullitt and Mustang GT coincided with a major peak and the onset of a bear market,
  • The first commemorative Bullitt Mustang model coincided with the 2000 peak and the onset of a bear market,
  • The second Bullitt Mustang model coincided with the 2007 peak and the onset of a bear market, and
  • Most recently, the third Bullitt Mustang model coincided with … to be determined.

Why the connection? The book Socionomic Studies of Society and Culture makes the case that trends in the auto and stock markets reflect the larger trends in social psychology. Positive social mood makes society feel optimistic: investors send stock prices higher and consumers buy bigger, faster cars with more horsepower. Negative social mood makes society feel pessimistic: investors send stock prices lower and consumers buy smaller, slower cars with less horsepower. Automakers simply supply the demand of the public’s mood.

The Bullitt Mustang is just one example. You may recall the fast, high-performance “muscle cars” and sporty convertibles of the 1960s bull market; the power-challenged Pinto, Gremlin and Vega of the 1970s bear market; the supersized SUVs that filled driveways during the 1990s market mania; the return of the more compact PT Cruiser and Volkswagen Beetle as the market began to roll over thereafter; and the miniature Smart cars that made a splash during the 2008-2009 auto industry crisis that coincided with a bear market. Check out chapter 29 in the book for a full historical survey of mood, markets and car styling.

The auto industry’s recent embrace of speed, size and power suggests that today’s mood trend is maturing. When that trend turns, buckle up. Rocky conditions will be ahead.

About Robert Folsom

Robert Folsom is senior markets researcher for Elliott Wave International. He has covered politics, popular culture, economics and the financial markets for more than 25 years.

About Elliott Wave International

Elliott Wave International is the largest independent technical analysis firm in the world. Its award-winning publications provide useful insights and engaging commentary on all major financial asset classes and indexes around the globe. EWI’s unique perspective on market behavior and cultural trends sets it apart from other financial publications.

2015 SHELBY MUSTANG GT350R

RARE 2015 FORD SHELBY MUSTANG GT350R SELLS AT BARRETT-JACKSON TO BENEFIT PETERSEN AUTOMOTIVE MUSEUM

Auction Photos By Barrett-Jackson

One of only 37 units ever produced, the Shelby belonged to the museum’s Founding Chairman Bruce Meyer, who has donated all of the proceeds to the Petersen and the Henry Ford Museum

On Friday, January 18, 2019, in front of a packed house and a live television audience, a 2015 Ford Shelby Mustang GT350R owned by Petersen Automotive Museum Founding Chairman Bruce Meyer sold for charity at the Barrett-Jackson Scottsdale Auction. With 100 percent of the proceeds benefitting the Petersen and the Henry Ford Museum, the rare race spec Mustang hammered with a winning bid of $500,000 and was sold to celebrated collector and museum supporter Ron Pratte.

“The Petersen would not be the global force it is today without the help of Bruce Meyer,” said Petersen Automotive Museum Executive Director Terry L. Karges. “His tireless dedication and outstanding leadership over the past 25 years is unrivaled, and we are so thankful for his generous contribution to us through the sale of this extraordinary GT350R.”

Before crossing the block as Charity Lot #3006, Meyer’s GT350R showed less than 200 miles on the odometer. Since he took delivery of the car in 2015, Meyer prominently displayed it in his Beverly Hills Garage. His decision to offer the car at auction for charity came from his steadfast support of the Henry Ford Museum and the Petersen, where he serves as Founding Chairman of the Board of Directors and the founder of the Checkered Flag 200—the Petersen’s top-level membership program.  

Ford’s 2015 Shelby GT350R celebrated 50 years of the iconic Mustang by transforming it into an all-out, street-legal track star. Like the 1965 R-model, Ford only produced 37 units of the GT350R. Purchase, however, was restricted to Ford family and VIPs—making ownership an exclusive affair. The car features a 5.2-liter V8 backed by a six-speed manual transmission, producing 526 peak horsepower at 7,500 rpm.

While the GT350R will no longer reside in Meyer’s world-renown collection, a selection of his most important race cars will go on public display at the Petersen in the new exhibit “Winning Numbers: The First, The Fastest, The Famous” opening Saturday, February 23. The exhibit will feature a curated selection of Meyer’s most important motorsport icons, including the first production Shelby Cobra, the Porsche 935 K3 that won Le Mans, the Greer-Black-Prudhomme dragster, two Le Mans-winning Corvettes separated by more than half a century and more. 

For more information about the Petersen Automotive Museum, please visit www.Petersen.org.

Lexus UX, Vaughn Lowery, 360 MAGAZINE, Amazon headquarters, Seattle

LEXUS UX

By Alexandria Baiz × Vaughn Lowery

As of late, 360 Magazine had the opportunity to join Lexus in Seattle for an intimate ride and drive of their wholly-new UX SUV at the newly reimagined luxurious Loews Hotel 1000. This seaport city is home to both tech giants Microsoft and Amazon. With Lexus’s innovative track record for having unparalleled technology within their cabin, it was befitting that they brought us to the home of the Space Needle. Subsequently, this town is known to think outside of the box.

The 2019 Lexus UX takes a step into the future of modern luxury with its two most affordable and compact SUVs – the UX 200 and UX 250h. UX stands for urban crossover (x-over). The UX 200 will be released in December 2018 starting at $32,000 and the UX 250h will be released in January 2019 for around $34,000. Gearing towards an opulent compact car with an exterior design so specific, the UX has a signature three-dimensional shape that makes it different from its siblings.

The front has brow-shaped LED lights with optional ultra-small 3-projector LED units. Across the back of the boot, are an innovative wrap of three-dimensional LED lights which help with stability on the highways – a standout design element on the UX. The structure is built to mold into an everyday vehicle that is stable, perfect for urban use because it’s small and easy to park. We had no problem squeezing to the front of the Bainbridge ferry.

The 18″ 5-spoke aluminum alloy dark gray metallic wheels are proportional to the overall aesthetics of the vehicle. Available in a variety of twelve exterior colors, two of which are exclusive to the UX F Sport – Cadmium Orange and Nori Green. The Cadmium Orange includes a cherry base with yellow lowlights, making it appear vivid and adding tons of depth. Nori Green possesses bright highlights and dark contrast alongside of calm shades, drawing the color brilliant. Both of these colors are newfangled and daring for the Lexus brand.

The F Sport package is available in both the UX 200 and UX 250h model as well as has enhanced features and style which contributes to its name. This option comes in the two colors – Ultra White and Ultrasonic Blue Mica 2.0. The F Sport performance is exceptional, transforming the UX into a bespoke-like designer car with front sports seats, grille design, and jet-black trim.

The concept of UX stems from the versatility and adaptability this vehicle offers. With a seamless interior coupled with the Japanese concept of engawa offers a richer field of vision. Executed with a high-strength structure, placement of sound absorbing and insulating materials throughout, one can enjoy an extremely quiet ride.

The connection between driver and the vehicle is apparent with the “seat-in-control” concept. Entering and exiting is made easy with hip-point bottom cushions. 8-way power driver seats (including lunbar) allows the driver to operate with a comfortable yet natural posture.

All UX models are fabricated to ensure safety while driving. The Pre-Collision System alerts drivers of pedestrians, cyclists and other vehicles with a forward-facing camera and radar system. The LSS+ 2.0 system enhances this with specific light detection for different hours of the day. If the Pre-Collision System detects a high possibility of collision, an audio and visual alert will prompt the driver to take action. If the driver does not break at that point, the system may automatically apply brakes to help mitigate impacts. Dynamic Radar Cruise Control maintains a preset distance and operates between 0 to 110 mph. The Lane Departure Alert is extremely helpful with the Multi-Information Display (MID) the system can use forward-facing cameras to detect colored land marking illustrations. If the driver deviates from a visibly marked lane, the system alerts the driver with an audio and visual alert. In addition, the UX has an Electric Power Steering and Steering Assist. The Road Sign Assist can read a variety of traffic signs and will display them on the vehicle’s MID. Furthermore, Parking Support Brake uses braking control and visual warnings to reduce possible contact with moving objects while parking.

This Lexus is extraordinary with its high definition, intuitive technology, and overall performance. The UX includes a standard 7″ TFT (thin-film-transistor) LCD control panel while the UX F Sport features an 8″ TFT LCD panel design with a movable meter ring. By pressing a switch on the steering wheel, it moves to the right, enlarging the multi-information display. With the Lexus Remote Touch Interface, the 2019 UX feels as familiar as a smartphone. The most impressive tech feature is Amazon’s “Alexa” – which immediately connects you to play music; find directions; open your garage door on a rainy day; lock/unlock from a smart device and amongst other things control the lights in your home. The Lincoln Navigator is the only other vehicle in Northern America which offers Alexa. Moreover, additional driver connectivity features include Apple CarPlay, 4GB Wi-Fi Hotspot, Voice recognition for commands and the SiriusXM. The heads-up display allows drivers to focus more on the road and less on the infotainment unit.

The UX complies with the global trend of efficient gas mileage vehicles – UX 200 at 33 mpg (2.0- liter inline four-cylinder engine, similar to competitors but with less under-hood heat and lower weight for better vehicle balance). The UX 250h at 39 mpg, making it the wave of their next generation of hybrids. With 181 hp, the UX 250h is the fuel-efficient leader with the best-combined mpg of any CUV and/or SUV without a plugin NA.

In short, the Lexus UX 200 and UX 250h is a shoo-in for a ‘xennial’ buyer – a person who grew up in an analog environment and can easily adapt to present-day’s digital society. Just think of all of your friends and family members with a recent graduate degree or higher residing in a metropolis. Most likely they have a high appreciation for the arts and take local trips within their surrounding area with one or more cronies and a small lap dog in tow.

J.D. Power × Multimedia × Satisfaction Study

In-Car Multimedia Technology Still Vexes Vehicle Owners, but Some Automakers Showing Strong Improvement, J.D. Power Finds

In-car multimedia technology, perennially the leading source of complaints among new-vehicle owners, is still a sore spot for customer satisfaction, but is improving. According to the J.D. Power 2018 Multimedia Quality and Satisfaction Study,SM the number of reported problems with in-car audio, communication, entertainment and navigation (ACEN) technologies has decreased for a third consecutive year, with several technology standouts emerging among manufacturers.

The study measures the experiences and opinions of vehicle owners regarding the quality, design and features of their ACEN system in the first 90 days of ownership. Multimedia system quality is determined by the number of problems experienced per 100 vehicles (PP100), with a lower score reflecting higher quality.

Top-performing vehicles in each segment are as follows:

• Small Mass Market: Kia Rio

• Compact Mass Market: Kia Forte

• Midsize Mass Market: Ford Mustang

• Large Mass Market: Ford Taurus

• Small Premium: BMW 2 Series

• Compact Premium: Porsche 718

• Midsize Premium: Lincoln Continental

• Large Premium: BMW 7 Series

“In-car multimedia has been a problematic category for automakers for several years, as ever-more elaborate navigation, voice recognition and entertainment systems have proliferated in vehicles of every type,” said Brent Gruber, Senior Director, Automotive Quality Practice, J.D. Power. “While the area is still the leading cause of new-vehicle complaints—with voice recognition technology continuing to lead the way as the number one complaint for a sixth consecutive year—we are seeing some serious improvement across the board, with some manufacturers really raising the bar on delivering quality multimedia technology experiences for their customers.”

Data for the annual Multimedia Quality and Satisfaction Study is derived from each year’s J.D. Power Vehicle Quality Survey (VQS). The data is augmented with supplier sourcing information where available, which affords multimedia suppliers with a comprehensive view of the overall multimedia industry, as well as the performance of individual products and systems, and problems that owners experience.

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments and private equity firm headquartered in London, and is led by its four founders: Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.

TRACK DAY WITH LIFERUSH ADVENTURES

By Anthony Sovinsky + Vaughn Lowery

Humans are unique in their ability to overcome the unimaginable. We are forced to explore the unknown –  to push our physical and mental limits. Brave people have taken chances and it has shaped our universe for the better. Whether we are attempting to climb the highest mountain or land our dream job, the thrill of doing something we haven’t done before creates a spark and meaning in our lives. For some of us this becomes a constant journey of discovering the next big thrill or adventure to add to the list of successes. Whether it be a bucket list item or just a childhood aspiration.

LifeRush Adventures is a society striving to deliver outdoor adventures that appeal to the adrenal glands. Recently, we received the pleasure of accompanying them on a trip to the world renowned Mazda Raceway Laguna Seca. This course has been in operation for over 40+ years and has hosted some of the greatest races of all time. In 2008, Mazda Raceway was home to the Redbull U.S. Grand Prix where Valentino Rossi (multiple MotoGP World Champion) overtakes Casey Stoner in The Corkscrew (one of the hardest turns in motor racing in which you hit a blind cress into a three-story drop with a unique left-right combination) to win the race. It was Rossi’s first win in America; and he kisses The Corkscrew in front of 150,000 spectators. 

LifeRush Adventures in collaboration with Fast Toys Club makes these spectacular track events possible. Every month they take a different track and list an exotic car to commission (Lamborghini Huracan, Porsche 911, Audi R8, etc.) for your driving pleasure. Or, if you own a sports car, you can track it at $359/day.  Moreover, they possess excellent team building/corporate packages, beginning at $3,000 (includes one supercar plus six laps around the track per person). 

At Mazda Raceway, we were offered a 2017 Corvette Z06. In the morning, we started out with an instructional meeting on how to navigate the track: how and when to pass vehicles; the distinction of flags used; additional safety measures and the proper way to ‘hit the apex.’

Moments after, we paired up with a coach (or ride along instructor), we strapped on our helmets and fastened our passenger seat belts. If you’re a confident driver just hop in the driver’s seat.

LifeRush Adventures also offers an array of spontaneous activities: helicopter tours, costal exotic car drives, paddle boarding and flyboarding.

For additional information on packages and services visit: LifeRushAdventures.com