View Web Version

SPONSORED BY
NADA.org
March 23, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Wall Street Doesn’t See Downside for Self-Driving Cars
5 Warning Signs for U.S. Auto Industry
'Punching' Cars Not Ideal, 'But it Happens,' Says BMW's Willisch
Ford Could Still Make Money Even if U.S. Auto Sales Fell 30%, CFO Says
Honda Details $52 Million Plan to Add CR-V Output at Indiana Plant
Lincoln Aims for Anti-Cadillac Style with Navigator Concept
Top Stories
Wall Street Doesn’t See Downside for Self-Driving Cars

Wall Street analysts gathered here Tuesday for an industry forum ahead of the New York auto show cast doubt on the near-term viability of self-driving cars and dismissed speculation that ride-sharing services and autonomous vehicles would hurt profitability of the U.S. auto industry. “In a shared/autonomous world, we’re actually driving more, because there’s many trips where there is no passenger. That’s the whole point of sharing,” UBS Auto Analyst Colin Langan said during a panel discussion at the NADA/J.D. Power Automotive Forum. He said shared cars will not last as long as privately owned vehicles do because they will be used more far more often. “I really think fully autonomous vehicles are decades away,” he added. “A fully autonomous car that does everything for you is very challenging.”
Source: The Detroit News

Share: LinkedIn Twitter Facebook

[back to top]

5 Warning Signs for U.S. Auto Industry

Even as the U.S. auto industry basks in the glow of 2015's record year in the showroom, several looming threats pose risks to the industry's momentum. Click here for five key warning signs, gleaned from discussions Tuesday at the NADA/J.D. Power Automotive Forum on the eve of the New York International Auto Show.
Source: USA Today

Share: LinkedIn Twitter Facebook

[back to top]

'Punching' Cars Not Ideal, 'But it Happens,' Says BMW's Willisch

To stop it, JLR head suggests spreading sales out

The touchy subject of pressure from automakers to “punch” cars at the end of the month drew a rueful acknowledgment from BMW of North America CEO Ludwig Willisch at an industry event [Tuesday]. In a panel at the National Automobile Dealers Association-J.D. Power Automotive Forum [in New York City], Willisch conceded that at the end of 2015, “there was a lot of pressure, not only by us” to rack up sales numbers. In the U.S. last year, BMW won its fourth luxury-sales crown in five years. The 2015 race was tight until the end. BMW finished 2015 with luxury sales of 346,023 vehicles, followed by Lexus with 344,601 and Mercedes with 343,088. However, Lexus was tops in U.S. vehicle registrations last year with 340,392 vs. BMW’s 335,259, according to IHS/Polk data. Dealers have cited strong suggestions from some automakers to self-register cars as loaners, a practice known as “punching.” The cars are later sold as used with little mileage on them. It’s not an ideal practice, Willisch added, “but it happens.”
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Ford Could Still Make Money Even if U.S. Auto Sales Fell 30%, CFO Says

Ford Motor Co., responding to investor fears that the U.S. auto market is peaking, told analysts it could still earn a profit even if the industry’s sales plunged 30 percent in one year. Investors traded down Ford shares 3.1 percent this year through yesterday on concern that the U.S. auto expansion has peaked and earnings will be pressured. Ford, which reported record pretax profit of $10.8 billion for last year, is viewed as vulnerable to repeating its near-death experience of seven years ago when it had to close plants, cut thousands of jobs and mortgage all its assets to get life-saving loans. “We were in such bad shape back then,” CFO Bob Shanks told analysts at a meeting in New York. “We are a much different company now.”
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Honda Details $52 Million Plan to Add CR-V Output at Indiana Plant

Honda will invest $52 million in its Greensburg, Ind., assembly plant to add output of the popular CR-V compact crossover by early next year, the automaker said Tuesday. About $40 million will go toward upgrading the manufacturing site to allow for CR-V production, while another $12.4 million will be spent on a 20,000-square-foot training center for manufacturing skills classes. The 1.3 million-square-foot plant will continue to produce the Honda Civic compact sedan, the automaker’s third-highest-selling vehicle in the U.S. The plant, which is southeast of Indianapolis, has produced 44,579 Civics through February this year, a year-over-year rise of 38 percent. The investment comes as demand for crossovers and SUVs remains hot industrywide.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Lincoln Aims for Anti-Cadillac Style with Navigator Concept

Yacht-inspired SUV seeks 'quiet luxury' over 'scaring people'

After overhauling the core of its lineup, Lincoln is remaking its biggest vehicle, the Navigator, into a more understated, serene alternative to the high-flying Cadillac Escalade. Lincoln today unveiled a yacht-inspired Navigator concept that executives described as a “very strong” indication of the SUV that will go into production late next year. However, the 2018 Navigator won’t come with the concept’s most prominent feature: a single, upward-opening door stretching almost from wheel to wheel on each side. “The doors won’t make it. We’re being quite clear about that,” David Woodhouse, Lincoln’s chief designer, told Automotive News. “We did it to really show off the interior.”
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

More Articles
       
      Quotable
      "We think the era of fully autonomous cars begins gradually in 2020."

          -- Itay Michaeli, director of U.S. Autos and Auto Parts at Citi Investment Bank, speaking about the near-term viability of self-driving cars at the NADA/J.D. Power Automotive Forum in New York City yesterday, The Detroit News, March 22

      Sponsored by


      NADA Market Beat

      Low Interest Rates and Wage Growth Sustain Auto Sales Momentum in February
      Videos

      Consumers Benefit When Dealers Discount Rates


      Register Today for the 2016 NADA Convention in Las Vegas
        


      Dealer Financing Benefits Car Buyers


      NADA University Online: The Next Generation 
        


      Get the Facts: The Benefits of Franchised Auto Dealers

      Sponsored by


      NADA Webinars
      NADA members can view past webinars on-demand at no charge at NADA University Online. Member must create an NADA account before viewing.

       
      Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
      NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .