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Inside this issue
New-Car Sales Running Higher Than Forecasts
How Truck Sales Track the Economy
Delay Denied for Auto Recall Database; Launch Set for August
Honda Net Profit Grows 20%
Ford Hikes Prices on F-150, but Says Aluminum Body Increases Fuel Economy
Mahindra & Mahindra Goes on a Hiring Spree in Detroit
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
New-Car Sales Running Higher Than Forecasts

Consumers are increasingly hitting dealerships this summer to buy or lease a new car, truck or SUV, keeping car sales for 2014 on a rate that is higher than many analysts had expected just a few months ago. Some analysts in recent weeks have increased their new-car sales predictions for 2014 based on stronger-than-expected sales in May and June. And some believe July sales could be the best since 2006. The National Automobile Dealers Association expects 16.4 million U.S. car sales this year, and NADA chief economist Steven Szakaly predicts close to 16.8 million for 2015.
Source: The Detroit News

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How Truck Sales Track the Economy

Economic forecasters are always looking for canaries in the data — indicators that can foretell, or at least give a snapshot of the economy. Sales of light trucks like pickups or SUVs are a favorite measure because they reflect both business optimism and a particularly potent kind of consumer exuberance.
Source: Storyline/The Washington Post

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Delay Denied for Auto Recall Database; Launch Set for August

Car, truck and motorcycle owners and used vehicle shoppers soon will be able to submit VIN numbers online at a government website — and at the sites of all major automakers — to find out immediately if vehicles have any unrepaired recalls. The program, which starts Aug. 20 over the objections of automakers, may help owners of vehicles like newer Ford Escapes, newer Chevrolet Malibus and older Jeep Grand Cherokees, which all have had multiple recalls. Owners may not be sure if all the fixes have been completed. It also could benefit those considering a used car to determine if it has outstanding recalls. The government website address is safercar.gov. The National Highway Traffic Safety Administration said Monday it would move forward with new rules it first announced in August 2013 that will require all major automakers and motorcycle manufacturers to provide owners with online access to recall information on vehicles searchable by VIN, or vehicle identification number
Source: The Detroit News

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Honda Net Profit Grows 20%

Honda Motor Co. on Tuesday lifted its full-year sales and profit forecasts, saying new car models would help the company bounce back from a sluggish quarter in North America, its biggest market. The Japanese auto maker recently introduced a new version of its Fit subcompact in the U.S. and plans to follow that up with a compact sport utility vehicle, the HR-V. Both cars have already been released in Japan, the HR-V under the name Vezel. With the new models, Honda is aiming to give a spark to its sales in North America, where car buyers have been turning to fresher lineups from rivals like Nissan Motor Co.
Source: The Wall Street Journal

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Ford Hikes Prices on F-150, but Says Aluminum Body Increases Fuel Economy

Ford is boosting the base prices of the 2015 F-150 pickup by $395 on low-level models, and by as much as $3,515 on top versions as it prepares to convince truck buyers that the improved fuel economy is worth the extra bucks. The Dearborn automaker’s new trucks use aluminum body panels to save about 700 pounds as a way to boost fuel economy and to boost towing and payload ratings.
Source: Detroit Free Press/USA Today

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Mahindra & Mahindra Goes on a Hiring Spree in Detroit

As competition gets intense in the Indian utility vehicle market with multinational carmakers rolling out new products regularly, market leader Mahindra & Mahindra now bets on talent from the original 'Motor City' Detroit to get its products "first time right." M&M has hired over 50 engineers at Mahindra North American Technical Centre facility in Troy, Michigan, to help develop top quality, top performance vehicles priced just right for consumers in India and elsewhere.
Source: Economic Times

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More Articles
 
Quotable

"Owners and potential buyers alike will soon be able to identify whether a safety recall for their specific vehicle is incomplete, using our free online search at safercar.gov."

   
-- Transportation Secretary Anthony Foxx, The Detroit News, July 29

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