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November 7, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Truck Sales on Pace for 10 Million Mark
Germany Has No Info from U.S. on Reports of Cheat Device in Audi Cars
FCA Still Pining for a Partner
GM Cautiously Ramps Up Bolt Electric Car Production
Picking the Top Car, Truck, SUV in U.S. Is No Easy Task
Top Stories
Truck Sales on Pace for 10 Million Mark

A flat market overall, with a big upside for profits

How far has the U.S. market tilted toward pickups, SUVs and crossovers? Automakers are on pace to sell more than 10 million light trucks in a single calendar year for the first time. Meanwhile, car sales are on pace to fall below 7 million this year for the first time since 2011 and only the fourth time since 1962. Through October, overall new-vehicle sales were 0.3 percent short of last year's record-setting pace. But light-truck sales were 7.1 percent higher than in the first 10 months of 2015. Car sales, on the other hand, fell 9.7 percent through October. All nine car segments tracked by the Automotive News Data Center were down in the first 10 months of 2016.
Source: Automotive News

Editor's note: NADA's Steven Szakaly and J.D. Power's Jonathan Banks will hold quarterly economic briefing via conference call on auto retailing trends shaping both the new- and used-vehicle markets and provide sales forecasts for 2017. The briefing is scheduled for Tuesday, Nov. 15, 2016, at 11:30 a.m. ET / 8:30 a.m. PT on the sidelines of the Los Angeles Auto Show. To register, visit www.nada.org/forecast2017.

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Germany Has No Info from U.S. on Reports of Cheat Device in Audi Cars

U.S. authorities have not shared any information with Germany regarding software that a newspaper report said was found in some Audi vehicles that lowered their carbon dioxide emissions during tests, a Transport Ministry spokesman said on Monday. Newspaper Bild am Sonntag reported on Sunday that the California Air Resources Board (CARB) discovered the software in an automatic transmission Audi last summer. It cited no sources.
Source: Reuters

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FCA Still Pining for a Partner

No takers yet for fwd sedan production

Fiat Chrysler CEO Sergio Marchionne said finding another automaker to build its front-wheel-drive passenger cars is still on his agenda, but it's not as important as preserving the uniqueness of the company's rear-wheel-drive offerings. Speaking to analysts on FCA's third-quarter conference call last month, Marchionne said he continues to look "for a cost-effective solution" to replace the now-discontinued Dodge Dart and soon-to-end Chrysler 200 sedans but even if those efforts are successful it would just represent a "rounding error" in terms of the company's overall financial goal.
Source: Automotive News

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GM Cautiously Ramps Up Bolt Electric Car Production

General Motors Co is ramping up production of Chevrolet Bolt electric cars at a factory north of Detroit and is on track to start delivering vehicles as promised by the end of the year, company officials said on Friday. Barring a last-minute stumble, GM will be first to offer an electric car with more than 200 miles of driving range at a starting price of less than $40,000 before tax credits.
Source: Reuters

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Picking the Top Car, Truck, SUV in U.S. Is No Easy Task
By Mark Phelan

If you think the national election is hard to predict, you ain’t seen nothin’ yet. The automotive writers who select the North American Car, Truck and Utility Vehicle of the Year will narrow the field of more than 30 contenders to three finalists for each award this week. I’m president of the jury and have been a juror for a decade, and I’ve never had less of a clue which vehicles will make it. My quandary got deeper after the jury’s recent evaluation of semifinalists.
Source: Detroit Free Press

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Past Articles
       
      Quotable
      "Our search for a front-wheel- drive passenger-car solution to deal with very much of an American problem has got limited impact on our ambitions. But it's a matter of time. We will find somebody."

          -- Fiat Chrysler CEO Sergio Marchionne, commenting on its agenda to find another automaker to build its front-wheel-drive passenger cars, Automotive News, Nov. 5

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