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The results of Colliers International’s 2011 Parking Rate Survey are in for the U.S., Canada and the rest of the world, and there are few surprises. The U.S. national median monthly parking rate is US$155.22, with the highest being midtown Manhattan at US$541 and Renoa at US$45 the cheapest. In Canada, Calgary topped out at US$486 followed by Toronto at $342 USD and Montreal at $305 USD.
Not too long ago, if someone told you that a South Korean model would challenge America’s best selling sedan, the Toyota Camry, you would have probably laughed in his or her face. Needless to say, a lot has changed over the past few years with Hyundai and in particular its latest Sonata sedan, not only challenging, but this past May even surpassing the Camry in U.S. sales for the first time in history. 
Of course, the fact that Toyota’s production capabilities were seriously affected by the aftermath of the March 11 earthquake, tsunami and nuclear disaster in Japan, played a significant role in Hyundai’s accomplishment.
If you are a GM diehard or a Chevy Volt fanboy, I suggest you cover your ears and start humming loudly to yourselves. CNN Money recently featured an article from Fortune magazine’s Motorworld declaring the upcoming Toyota Prius Plug-in hybrid a better buy and a better car than Chevy’s range-extended electric vehicle. Shock, gasp, horror, blasphemy etc. To quote Motorworld senior editor Alex Taylor III: “[The Prius Plug-in is] more efficient and less expensive than the Volt, and Toyota actually stands the possibility of making a profit on it -- something General Motors concedes it can't do with the Volt.”
In spite of the earthquake and Tsunami that devastated Japan last March and which deeply affected the country’s automobile production capabilities, Toyota remains confident that US sales of the Prius will outperform those of 2010. The lack of inventory, with many dealers reporting as little as one day’s worth of Prius cars on their lots, led to a whopping 61% drop in July sales in the US, which is the lowest since 2004. And that’s significant because the US accounts for almost half of the all Prius models sold worldwide, which makes it Toyota’s most important market for its compact hybrid.
When the people over at Honda’s tuning partner Mugen aren’t working on more interesting and unique projects like the Civic Type R and even the CR-Z, they are usually kept busy with the brand’s more mundane vehicles such as the newly introduced Fit Shuttle. The Japan market only Fit Shuttle is a slightly taller, longer and more practical version of the Fit (also marketed as the Jazz in certain countries) which itself is a tall five-door subcompact model.
The electric car war rages on and the latest entrant is Mitsubishi’s new model year version of the i-MiEV that was revealed today in Japan. The most important changes that Mitsubishi made to its all-electric city car is the introduction of a new lower-cost base model and improvements to the standard version in order to extend its driving range. The new budget model is called the ‘M’ and its price comes down to 2.6 million Yen (US$32,070 -€22,170) or 1,880,000 Yen (US$23,190 - €16,040) after Japanese government subsidies. It is powered by an electric motor producing 41-horses and has a reduced driving range of 120 kilometers (75 miles).
Mazda announced today that sales of the facelifted Mazda Demio, or Mazda2 as the rest of the world knows it, have begun in Japan. The new Mazda2 is the company’s supermini and the target sales for its home market is 6,000 units per month.
