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July 29, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Volkswagen Passes Toyota as Largest Automaker in 2016's First Half
Ford Calls an End to U.S. Auto Boom, Rivals Bet Other Way
July U.S. Auto Sales up 2.4 percent, Full-Year Sales to Drop: Forecasters
Washington State Fines Volkswagen $176 Million Over Emissions
Secrets to Choosing a Good Lease Car
Mercedes Pulls Ad Challenged by Safety Groups
These Stylish Vintage Ads Reveal How Much Car Culture Has Changed
Register for the NADA Convention by September 9 and Save $100
Top Stories
Volkswagen Passes Toyota as Largest Automaker in 2016's First Half

Volkswagen Group accelerated past Toyota Motor for the title of world's largest automaker for the first half of 2016 despite the German automaker's slumping U.S. sales amid its emissions scandal. Volkswagen sold 5.12 million vehicles through June, while Toyota said Thursday that it had sold 4.99 million vehicles during that same period.
Source: USA Today

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Ford Calls an End to U.S. Auto Boom, Rivals Bet Other Way

Ford Motor Co. on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. Shanks earlier forecast U.S. light vehicle sales would fall in 2016 from the record of 17.47 million last year, and fall again in 2017. Pent-up demand built during the last recession has been satisfied, and lower used car prices are drawing some buyers away from new vehicles, he said, adding however, "We’re not talking about a collapse."
Source: Reuters

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July U.S. Auto Sales up 2.4 percent, Full-Year Sales to Drop: Forecasters

U.S. July auto sales likely rose 2.4 percent from a year earlier, but full-year sales will not match last year's record, forecasters J.D. Power and LMC Automotive said on Friday. LMC now expects that 17.4 million new vehicles will be sold in all of 2016, down 0.1 percent from 2015. It would be the first annual decline in U.S auto sales since 2009. While their annual forecast is getting more bearish, J.D. Power and LMC say July will be extremely strong, with a seasonally adjusted annualized rate of sales of 18.1 million vehicles.
Source: Reuters

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Washington State Fines Volkswagen $176 Million Over Emissions

Penalty holds auto maker accountable for environmental damage from more than 21,000 vehicles in state

Washington state regulators have fined  Volkswagen  $176 million, saying the auto maker put people’s health at risk by releasing harmful air pollutants by cheating on emissions tests. The Department of Ecology said Thursday that the company violated state clean-air laws when it installed illegal software on many of its diesel vehicles to trick emissions tests.
Source: The Wall Street Journal

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Secrets to Choosing a Good Lease Car

As the end of summer nears and dealers discount their 2016 cars to make room for next year's models, shoppers who want to lease could find some hidden bargains. The key is to understand — and maximize — two little-understood aspects of leasing. The popularity of leasing has shot up to a historic high: 31 percent of all new cars driven off the lot are now leased, according to data from financial services firm Experian. Even used cars are being leased, although Experian says it's only at 3.98 percent.
Source: The Associated Press/NerdWallet

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Mercedes Pulls Ad Challenged by Safety Groups

Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle’s driver-assist systems. The advocates, including the publisher of Consumer Reports and the Center for Automotive Safety, said the ad overstates the capability of automated-driving functions available on the sedan and asked the Federal Trade Commission to investigate the automaker.
Source: Automotive News

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These Stylish Vintage Ads Reveal How Much Car Culture Has Changed

Taschen's Automobile Design Graphics is a wealth of 500 car advertisements from across eight decades. Obscure brands such as Tucker, Ajax, and Columbia are showcased along with mainstream General Motors, Ford, and Chrysler. Their messages are unique specimens of how car buyers' desires have changed over the years, illustrated by the best American illustration and graphic design of the last century.
Source: Bloomberg

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Register for the NADA Convention by September 9 and Save $100

The discounted registration rate for NADA members and managers includes admission to NADA 100 Carnival.

Online registration and hotel selection for the 2017 NADA Convention and Expo in New Orleans is now open. NADA members and their managers who register by September 9 will receive a $100 discount.



NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival in New Orleans. The exclusive event for NADA members, international affiliates and guests will be held at Mardi Gras World on Thursday, January 26. The Carnival will feature cuisine from top New Orleans restaurants, as well as musical entertainment from Foreigner, Cowboy Mouth and jazz favorites. The NADA member and manager registration fee includes admission to the NADA 100 Carnival.

Convention speakers include comedian Jim Gaffigan, NADA Chairman Jeff Carlson, inspirational speaker Amy Purdy and NADA Vice Chairman Mark Scarpelli. A fifth speaker will be announced in the coming weeks. The four-day NADA Convention, which runs from January 26 to 29, includes dealer franchise meetings, workshops, an exhibitor showcase and numerous networking events. Click here to register.
Source: NADA

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Past Articles
 
Quotable

"This is going to be a fantastic time to lease. Interest rates will stay low; there's a good amount of sales incentives. And the vehicles, from a safety and technology perspective, are the best cars ever produced."

    -- NADA Chief Economist Steven Szakaly, The Associated Press, July 28 

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