View Web Version

SPONSORED BY
 
NADA.org
December 15, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Flat Auto Sales Cloud U.S. Growth Outlook
Toyota Plans for 2017 Vehicle Sales of 10.2 Million, Sees Growth in Main Markets
Daimler, BMW Aim to Merge Their Carsharing Services
NADA Convention Launches Mobile App
GM to Reveal Two New SUVs at Detroit Auto Show
North Carolina First Responders Honored as 'Hometown Heroes'
ALERT: Experient is NADA’s Official Booking Agent for Convention Hotels
Top Stories
Flat Auto Sales Cloud U.S. Growth Outlook

Country’s car buyers show signs of fatigue, raising concerns over broader outlook for consumer spending

The auto industry has been a bright spot during much of the recent U.S. economic expansion, but the country’s car buyers are showing signs of fatigue, raising concerns over the broader outlook for consumer spending—a key engine of U.S. growth. Sales of light vehicles in the U.S. have increased for six straight years, touching a record 17.5 million units in 2015, and are potentially on track for another record this year. But sales now appear to have plateaued, leading to a buildup of inventory and a return to discounting—something auto makers swore off when emerging from the recession.
Source: The Wall Street Journal

[back to top]

Toyota Plans for 2017 Vehicle Sales of 10.2 Million, Sees Growth in Main Markets

Toyota Motor Corp on Thursday said it anticipates a 1 percent rise in global vehicle sales next year, as growth in North America, China, Europe and Asia prompts a recovery from a 1 percent slide in sales this year. The Japanese automaker estimates sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands to increase to around 10.2 million vehicles in 2017. It expects to end 2016 with sales of 10.09 million vehicles, slightly lower than an initial forecast of 10.11 million.
Source: Reuters

[back to top]

Daimler, BMW Aim to Merge Their Carsharing Services

German carmakers Daimler and BMW aim to combine their car-sharing services Car2Go and DriveNow to better compete with U.S.-based ride-hailing service Uber, German monthly Manager Magazin reported, citing sources. DriveNow, a joint venture between BMW and Sixt founded in 2011, and Car2Go, started in 2008, plan to operate on a shared platform but to keep their individual brand names, the magazine reported. The two companies are also discussing including other mobility service providers in the venture, the magazine said, citing Daimler's taxi cab agent Mytaxi and its internet platform Moovel as well as BMW's ParkNow and ChargeNow brands.
Source: Reuters

[back to top]

NADA Convention Launches Mobile App


 

The new NADA100 mobile app for the 2017 NADA Convention and Expo in New Orleans is now available in the App Store and Google Play. Search for NADA100.

Key features include:

  • Real-time alerts;
  • Workshop and event schedules; 
  • The option to download and email workshop handouts;
  • Locate and schedule meetings with exhibitors; and
  • Rating the workshop sessions.

The NADA convention runs from Thursday, Jan. 26, to Sunday, Jan. 29. The advance online registration discount of $75 for NADA member dealers and their managers ends Jan. 20. For more information or to register, visit www.nadaconvention.org.  
Source: NADA Convention & Expo

[back to top]

GM to Reveal Two New SUVs at Detroit Auto Show

General Motors is expected to reveal redesigned versions of its GMC Terrain and the Chevrolet Traverse as part of the North American International Auto Show in January as the automaker works to update its aging lineup of SUVs in the face of growing competition. The automaker's plans, first reported by the Wall Street Journal, were confirmed by two people familiar with GM's plans.
Source: Detroit Free Press

[back to top]

North Carolina First Responders Honored as 'Hometown Heroes'

North Carolina Governor Pat McCrory recognized first responders Tuesday for their bravery and dedication at a ceremony in Cary, N.C., saying “it's the least we can do.” The event was put on by the North Carolina Automobile Dealers Association. “I'm very proud of the job, I'm very proud of the profession,” said Officer David Cohen of the Cary Police Department. Cary police officer David Cohen was honored for saving a two year old boy from drowning. “He's setting the example for many others,” said Susan Johnson Lewis, North Carolina Automobile Dealers Association board member. “I think we should go out of our way to thank them for what they do.”
Source: WRAL.com

[back to top]

ALERT: Experient is NADA’s Official Booking Agent for Convention Hotels

As a reminder, the official contractor for registration and hotel reservations for the NADA and ATD Convention and Expo in New Orleans is Experient. No other company is authorized by NADA. Only Experient can offer attendees NADA’s discounted room rates and handle cancellations for those reservations. To register, visit www.nadaconvention.org.
Source: NADA

[back to top]

Past Articles
       
      Quotable
      "At some point, someone is going to say we can't go to a 96-month loan."

          -- Bill Fox, co-owner of Fox Dealerships in Auburn, N.Y., commenting on longer loan terms to keep cars affordable, The Wall Street Journal, Dec. 15
       
      Sponsored by

      NADA Convention


      NADA Videos

      Dealers Help Consumers Secure Competitive Financing


      Introducing NADA Academy Plus

      NADA Webinars

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

      NADA Chairman's Commentary
      The Next 100 Years of Evolution is Here
       
      Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
      NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.