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October 24, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Detroit's Big 3 Car Makers Sending Mixed Signals
Detroit Keeps Foot on the Gas When It Comes to Trucks
As Honda's U.S. Sales Rise, Capacity Shrinks
North American Light-Vehicle Production Posts Record September
NADA to Issue New-Vehicle Sales Forecast for 2017
Top Stories
Detroit's Big 3 Car Makers Sending Mixed Signals

After a long boom since the recession, the auto industry is sending mixed signals. Earnings reports this week should shed more light on its future, with some automakers appearing to be healthy and others slowing down. For instance, Ford Motor is idling four assembly plants for two weeks in Louisville, and taking one week off at each of two plants in Mexico and a week off in Kansas City, where workers produce the F-150, the highly profitable Clydesdale of Ford's lineup. Yet at the same time, General Motors is running so much overtime at its Flint Truck plant, where the Chevrolet Silverado and GMC Sierra 1500s are assembled, it has been hiring temporary workers to give the regular crew a two-day weekend occasionally. On Tuesday, General Motors and Fiat Chrysler report third-quarter earnings. Ford follows on Thursday.
Source: Detroit Free Press

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Detroit Keeps Foot on the Gas When It Comes to Trucks

Auto makers boost future capacity for pickups, SUVs despite signs of a market peak

Detroit’s truck wars are heating up with auto makers pledging billions of dollars for pickup truck and sport-utility vehicle production over the next three years despite fears that the U.S. auto market is peaking. General Motors Co. , Ford Motor Co. and Fiat Chrysler Automobiles NV plan to invest heavily to boost output of existing models and make room for new ones. While Ford said this month it is trimming some pickup production, it still plans to add new SUVs to its lineup and reintroduce a midsize pickup by 2019.
Source: The Wall Street Journal

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As Honda's U.S. Sales Rise, Capacity Shrinks

CEO may ease crunch with exports from Japan

Honda CEO Takahiro Hachigo expects his company's U.S. sales to grow next year even as the market flattens, putting more pressure on North American production capacity that already is stretched to the limit. As a remedy, he soon may fire up Honda's Japan export engine. In an interview with Automotive News, Hachigo said a blitz of key redesigns, starting this fall with the redesigned CR-V and continuing with updates to the Odyssey and Accord, will intensify the capacity problem.
Source: Automotive News
 

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North American Light-Vehicle Production Posts Record September

September North America light-vehicle production increased just 0.1% over like-2015 to 1,532,758 units, but hit a record high for the month. Production in the U.S. grew 0.6% to 1,049,278 LVs. Light-truck output climbed 3.1% to 704,012 units at the expense of car production, which fell 4.1% to 345,266.
Source: WardsAuto

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NADA / J.D. Power Quarterly Economic Briefing
NADA to Issue New-Vehicle Sales Forecast for 2017

NADA and J.D. Power to hold quarterly economic briefing on auto retailing trends shaping the new and used vehicle markets.

Date:   Tuesday, Nov. 15, 2016
Call-in Time:  11:30 a.m. ET / 8:30 a.m. PT
To Register:  www.nada.org/forecast2017  

Steven Szakaly, NADA chief economist, will issue a sales forecast for new cars and light trucks for 2017, and provide an economic outlook and identify the key economic factors that will shape auto retailing next year. Szakaly, who has predicted sales of 17.7 million new light vehicles for 2016, will also provide a year-in-review.

Jonathan Banks, vice president of vehicle analysis and analytics for J.D. Power, will discuss both new- and used-vehicle market trends and the key economic conditions affecting auto retailing, as well as how the used-vehicle market is performing in the final quarter of 2016, and how leasing and gasoline prices are affecting the industry.

A Q&A session with members of the media and industry will follow the briefing.

To register, visit www.nada.org/forecast2017. Registrants will receive a call-in number and conference ID.
Source: NADA

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Past Articles
       
      Quotable
      "We're calling out the risk of lower prices and higher incentives. We're going to stay very disciplined in matching to demand. Production will be cut."

          -- Ford CEO Mark Fields, commenting on its manufacturing plans, Detroit Free Press, Oct. 24

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