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Inside This Issue
Cars Vs. Trucks: Are Buyers Really Downsizing?
GM Aims to Sell Big Pickups Without Big Spiffs
Toyota Hopes for Revival After Sinking to No. 3
FTC Issues Auto Warranty 'Consumer Alert'
Hackers Steal Subaru Outback with Smartphone
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Cars Vs. Trucks: Are Buyers Really Downsizing?

Chevrolet has been known as a strong truck brand, but car sales have actually outnumbered its truck, crossover and SUV sales, another indicator that many car buyers are downsizing when they buy new vehicles. But GM isn’t the only company seeing their truck sales fall. They’ve actually been declining for years across all car brands, notes one analyst. “In 2005, full-size pickup sales were 2.5 million units in the U.S. and they dropped to 1.13 million by 2009 as the economy and fuel prices put pressure on the segment,” says automotive analyst Tracy Handler at research firm IHS.
Source: Forbes

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GM Aims to Sell Big Pickups Without Big Spiffs

General Motors is confident that it can work through its bloated pickup inventory without dumping cash on the hood, in part because the stockpiles are needed to get through factory downtime next year. GM says inventories of its full-sized pickups -- the Chevrolet Silverado and GMC Sierra -- stood at 209,000 units, or a 115-day supply, at the end of July. That figure is "higher than usual and higher than we would normally prefer," Don Johnson, vice president of U.S. sales, conceded last week. But Johnson says GM foresees its pickup stocks dropping to a 90-day supply by year end. And its goal "is absolutely not to be discounting trucks to drive sales," he says.
Source: Automotive News

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Toyota Hopes for Revival After Sinking to No. 3

Toyota Motor Corp., which has sunk to No. 3 in global vehicle sales from pole position, is counting on emerging markets to drive a revival in its fortunes, one of its top India executives says. Toyota sold 3.7 million vehicles around the world in the first half of 2011, down 11 percent from a year earlier as sales crashed 62 percent in April-June on production disruptions caused by the March earthquake and tsunami in northeastern Japan. That put it behind General Motors Co., which sold 4.5 million vehicles during the same period, and Volkswagen AG of Germany, with 4.13 million vehicles sold. Toyota is also hopeful of sales growth in the U.S., despite the recall fiasco, not just relatively new markets like India where people are rapidly becoming first-time car-owners.
Source: The Associated Press

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FTC Issues Auto Warranty 'Consumer Alert'

The Federal Trade Commission recently issued an “Alert” reminding consumers of several issues in connection with automobile warranties. The Alert explains what a warranty is and provides guidelines to consumers about warranty repairs, including a reminder that a consumer is not required to “use the dealer” for warranty repairs. The Alert also provides links for consumers to obtain further information. Click here for the FTC Consumer Alert.
Source: NADA Regulatory Affairs

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Hackers Steal Subaru Outback with Smartphone

As cars increasingly become rolling computers, it makes them potential targets for hackers. To make the point, two researchers at the Black Hat annual conference of hackers and security pros last week in Las Vegas showed they could unlock and start the engine of a Subaru Outback via text messages using their Android smartphone, reports CNN Tech and Engadget. They said their technique could be used to hack other automakers' remote start systems -- and, worse, similarly based systems that control everything from traffic lights and security cameras to power grids.
Source: USA Today

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More articles

Aug. 5, 2011 - GM Surpasses Toyota as World's Largest Automaker By Sales on Japan Quake

Aug. 4, 2011 - GM Profit Nearly Doubles on Strong Global Sales

Aug. 3, 2011 - Automakers Muster 1% Gain in Tough Month

Aug. 2, 2011 - July Another Weak Month for US Auto Sales

Aug. 1, 2011 - President, Automakers Hail New Fuel Efficiency Pact

"There is a lot of pent-up demand out there. People want cars, and we haven't been able to give them to them."

-- Ray Tanguay, Toyota Motor Corp.'s chief North American manufacturing executive, Automotive News, Aug. 8

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Convention News
Register Online Now for NADA's Vegas Convention

Registration is now open online for the 2012 NADA and ATD Convention and Expo, Feb. 3-6 in Las Vegas. The 2012 convention will mark the first time the NADA and ATD conventions will be held together. Dealers are urged to register early to take advantage of discounted pricing and reduced hotel rates. Click here to register.

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