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June 6, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Auto Financiers Tapping the Brakes on Subprime Lending
Nissan Will Keep Pushing, Munoz Says
In the Grips of a 'Sedan Recession'
Cadillac Puts Final Touches on Retail Overhaul
Why Americans Reject Build-to-Order Cars
U.S. Fuel Economy Improves in May Despite Weak Car Sales
5 Things That Give Self-Driving Cars Headaches
Top Stories
Auto Financiers Tapping the Brakes on Subprime Lending

Executives at some of the biggest banks in auto lending said at a conference this week that they’re tapping the brakes on subprime lending, especially at the lower end of the credit spectrum. But they insisted the credit environment is good for auto lending overall.
Source: Automotive News

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Nissan Will Keep Pushing, Munoz Says

Exec vows no letup as automaker closes in on market share goal

Some Nissan dealers might be disgruntled with the automaker as it pushes for higher store volumes and a bigger U.S. market share. But Jose Munoz, Nissan's chairman for North America, has a clear message to those dealers: That push isn't going to stop. "Nobody can say that Nissan stands still," Munoz, 50, told Automotive News in an in-depth interview. "So we are not going to stop. We're going to continue. We believe the company has more potential, as we have seen in other markets where we operate. That's why we continue to invest. "We have aspirations to continue to grow."
Source: Automotive News

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In the Grips of a 'Sedan Recession'

Cars plunge to just 41% of U.S. market

Automakers reported a plethora of ugly, negative numbers in May. But despite an implosion in demand for sedans, the industry's selling rate rose slightly from April, keeping 2016 on track to break last year's U.S. sales record. The 15 largest automakers all posted lower car sales than a year ago, including declines of at least 25 percent for the Detroit 3. Cars have accounted for just 41 percent of the U.S. market so far this year, down from 50 percent for all of 2013. Barclays Capital analyst Brian Johnson said the country has plunged into a "sedan recession."
Source: Automotive News

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Cadillac Puts Final Touches on Retail Overhaul

Dealers have hurdles to jump, decisions to make

Cadillac's relationship with its dealers is about to get the equivalent of an engine rebuild. Cadillac President Johan de Nysschen is putting the finishing touches on Project Pinnacle, a program that will overhaul everything from how dealerships interact with customers and how their salespeople dress, to how they present their showrooms and service departments and how they get paid for new-car sales.
Source: Automotive News

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Why Americans Reject Build-to-Order Cars

Stock sales are costly, cumbersome — and die-hard

Forget the high cost of meeting new fuel economy standards or those massive investments needed for autonomous vehicles. The biggest drain on automaker profitability in the U.S. may be the legendary impatience of American car buyers. In 2015, less than 5 percent of new vehicles sold in the U.S. were built to customer order, according to the National Automobile Dealers Association. In Europe, the number was about 50 percent. For U.S. dealers, that means thousands of dollars in extra floorplan expenses. For automakers, it means huge advertising and incentive costs for each unsold vehicle sitting in inventory, waiting for a buyer.
Source: Automotive News

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U.S. Fuel Economy Improves in May Despite Weak Car Sales

Despite the drop in car sales in May, the average fuel economy of light vehicles purchased in the U.S. last month still rose from April, a University of Michigan Transportation Research Institute report said. The average window-sticker rating of cars, SUVs, vans and pickups purchased in May was 25.4 mpg, up 0.2 mpg from April.
Source: Automotive News

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5 Things That Give Self-Driving Cars Headaches

Fully automated cars don’t drink and drive, fall asleep at the wheel, text, talk on the phone or put on makeup while driving. With their sensors and processors, they navigate roads without any of these human failings that can result in accidents. But there is something self-driving cars do not yet deal with very well – the unexpected. Click here for five situations that, for now at least, often confound self-driving cars and the engineers working on them.
Source: The New York Times

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            Quotable
            "We'll continue to do our best, working hard, because we know that when the dealer network is more profitable, it's better for Nissan."

                -- Jose Munoz, Nissan's chairman for North America, on its push for higher store volumes and a bigger U.S. market share, Automotive News, June 6

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