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Inside this issue
Reps. Mike Kelly and Marcy Kaptur to Co-Chair the House Automotive Caucus
Lower Oil Prices to Boost Global Auto Sales 1.5%, Forecast Says
Q4 Leasing Hits 30 Percent
February U.S. Fuel Economy Up 1.3%
Autonomous Vehicles Will Alter Cityscapes
10 New Cars Likely to Become Collector's Classics
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Top Stories
Reps. Mike Kelly and Marcy Kaptur to Co-Chair the House Automotive Caucus

U.S. Representatives Mike Kelly (R-Pa.) and Marcy Kaptur (D-Ohio) will co-chair the bipartisan House Congressional Automotive Caucus during the 114th Congress. “It is truly an honor to serve as the Republican co-chair of the House Auto Caucus,” said Rep. Kelly. “Having spent my entire life working in the auto industry, I know firsthand how crucial this sector is to our local and national economies. In my home state of Pennsylvania, the industry employs over 250,000 workers and provides nearly $5 billion in state revenues. As a car guy, I am excited to have the opportunity to work with Rep. Kaptur and a growing group of committed members to advocate on behalf of the auto industry.” Created in 1983, the Auto Caucus has a long history of reaching across the aisle to promote a strong and vibrant American automotive industry. Supported by a diverse group of automotive associations, the House Auto Caucus will continue the tradition of working with industry stakeholders to inform Capitol Hill staff and advance a legislative agenda that encourages an innovative, competitive and growing automotive sector.
Source: House Automotive Caucus

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Lower Oil Prices to Boost Global Auto Sales 1.5%, Forecast Says

N.A. sales to gain most from windfall

Falling oil prices will boost global auto sales 1.5 percent through 2019, with the biggest windfalls coming in North America, IHS Automotive said in a new forecast. The outlook, offered during a conference, translates to as many as 7 million more cars sold than would have been if oil prices had remained high and stable. “There is an upside opportunity with lower oil prices,” said Mark Fulthorpe, director of light-vehicle forecasts. “There are 5 million to 7 million units that could be directly affected.” The sudden plunge of crude prices, from levels above $100 a barrel last year, will bolster consumer confidence most in markets with low fuel taxes and less burdensome regulation, IHS said.
Source: Automotive News

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Q4 Leasing Hits 30 Percent

The well of future certified pre-owned vehicle inventory is getting deeper because of how many new models are leaving showrooms as leased vehicles. Experian Automotive reported that leasing continued to gain traction in the fourth quarter as volume jumped 3.6 percent from a year earlier to reach nearly 30 percent of all new vehicles financed in the quarter. In addition to the number of leases increasing in the quarter, Experian mentioned in its latest State of the Automotive Finance Market report that it was slightly more affordable and easier to obtain one. The average monthly lease payment decreased $12 from a year ago to reach $408 in Q4 2014.
Source: Auto Remarketing


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February U.S. Fuel Economy Up 1.3%

The WardsAuto Fuel Economy Index rating for U.S. light-vehicle sales reached 25.2 mpg in February. The 1.3% improvement from same-period 2014 was the smallest year-over-year gain for the month in the 7-year history of the index. Fuel-economy improvements for the 2015 model year countered consumer demand for typically less-efficient vehicle types.
Source: WardsAuto
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Autonomous Vehicles Will Alter Cityscapes

Industrial and commercial vehicles, as well as car-sharing fleets will pioneer autonomous driving over the next seven years, according to a report

Imagine acres of parking decks converted to parks. Picture a ride-sharing app that summons a car with no driver. Envision many fewer fatal traffic accidents. Self-driving dump trucks and tractors are already here, but autonomous vehicles for individuals won't be a common site on our roadways until about 2023, according to a report by consulting firm McKinsey released in Geneva, Switzerland. Autonomous Driving -- 10 Ways in Which Autonomous Vehicles Could Reshape Our Lives, raises provocative scenarios of how they will disrupt our current transportation landscape.
Source: Detroit Free Press

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10 New Cars Likely to Become Collector's Classics

The new cars most likely to become valued collectibles in the future include high-powered sports cars like the Chevrolet ZO6 and Dodge Challenger Hellcat and limited editions like the Mazda MX-5 Miata 25th Anniversary model, according to the experts at Hagerty Insurance, which specializes in collectible cars and boats. "Over time, these are the cars collectors are likely to focus on," said McKeel Hagerty. CEO of the Traverse City, Mich., insurance company. "They all have some characteristics that are shared by the great collectible cars." Click here for the full list.
Source: Detroit Free Press

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Quotable

"Autonomous vehicles will have a gradual step-by-step adoption. First, there will be pay-per-usage models. These vehicles will be alternatives to cars. They will make mobility available in smaller incremental units."

   
-- Hans-Werner Kaas, head of McKinsey's automotive practice, commenting on the future of autonomous vehicles, Detroit Free Press, March 5

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