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Inside this issue
Report: Honda to Gain Market Share, Big 3 to Stay Level
Nissan's Ghosn Seeking Big U.S. Market Share Gains
Average New-Car Loan Hit 67 Months in Q1
Congress Pushes for ‘Talking Car’ Boost
NEMCC Gifted Equipment for Life-Saving Training
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Top Stories
Report: Honda to Gain Market Share, Big 3 to Stay Level

American Honda Motor Co. Inc. will gain market share while Ford Motor Co., General Motors Co. and Fiat Chrysler Automobiles should hold steady over the next four years as automakers ramp up the number of new model launches, according to a forecast in the annual Car Wars report released [Wednesday]. John Murphy, senior auto analyst for Bank of America Merrill Lynch Global Research, told the Automotive Press Association on Wednesday in Detroit that a recovering auto industry is the leading cause in an "extreme acceleration" in the number of new cars and trucks — excluding major mid-cycle refreshes — through the 2019 model year. And most of them will be crossovers.
Source: The Detroit News

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Nissan's Ghosn Seeking Big U.S. Market Share Gains

In the last five years, Nissan Motor Co. Chief Executive Officer Carlos Ghosn has barely made a dent in his goal to grab 10 percent of the U.S. car market by the end of fiscal 2016. He's sticking to the target. Ghosn said Nissan will ride sales growth from the new Maxima sports sedan, Rogue crossover sport utility vehicle and several other models to get from 8.4 percent of the market today to 10 percent by March 31, 2017. That's a big ask considering that Nissan had 8.2 percent of the market in 2011, the year he set the goal.
Source: Bloomberg

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Average New-Car Loan Hit 67 Months in Q1

Not a threat, experts say

Longer loan terms aren’t necessarily a threat to the auto market, but they already are trimming sales, industry experts said. In the first quarter, more than a fourth of all new light vehicles that were financed carried loans of 73 to 84 months, data from Experian Automotive showed. The average loan term in the quarter rose to 67 months for new vehicles and 62 months for used, both records. The appeal of those longer terms is understandable.
Source: Automotive News
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Congress Pushes for ‘Talking Car’ Boost

Two senators introduced a bill to promote the adoption of “vehicle-to-vehicle technology” that could eliminate up to 80 percent of all crashes in which alcohol is not a factor. U.S. Sens. Gary Peters, D-Mich., and Roy Blunt, R-Mo., introduced legislation to promote investments in vehicle-to-infrastructure communication technology that the bill says will “improve vehicle safety, reduce accidents and avoid congestion.” The technology — which involves cars repeatedly sending wireless signals to each other — could help alert cars if an oncoming vehicle is about to disregard a stop sign.
Source: The Detroit News
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NEMCC Gifted Equipment for Life-Saving Training

Northeast Mississippi Community College has new equipment to train campus faculty and staff in life-saving skills. Cartwright Ford [in Booneville, Miss.] and the National Automobile Dealers Charitable Foundation, presented the college with a Resusci Anne cardiopulmonary resuscitation/automated external defibrillator (CPR/AED) trainer unit. “If the right kind of treatment can be given to a victim within seconds after he or she is stricken, the chances are good that the life can be saved,” said Clint Cartwright of Cartwright Ford. “CPR training teaches a person how to keep the heart beating while waiting for professional help to arrive. The training typically involves taking between three to five hours of practice and lectures.
Source: WTVA (Tupelo, Miss.)
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Quotable
"Honda's a definitive winner in the market."

   
-- John Murphy, senior auto analyst for Bank of America Merrill Lynch Global Research, commenting on the prediction that the automaker will gain market share over the next 4 years, The Detroit News, June 3

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