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February 2, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Registration Now Open for the 2017 Automotive Forum in NYC on April 11
U.S. Sales Start 2017 Relatively Strong in January
Sales Slip for FCA, Ford and GM But Outlook Still Strong
Toyota Sales Plunge; Nissan, Honda Up in January
Auto Dealers Announce Nationwide Initiative at Centennial Celebration
Top Stories
Registration Now Open for the 2017 Automotive Forum in NYC on April 11

Forum attendees get exclusive access to the New York International Auto Show during press days.

NEW YORK – Toyota’s Bob Carter, AutoNation’s Mike Jackson and IHS’ Nariman Behravesh are among several industry leaders who have joined the speaker lineup at the 2017 Automotive Forum, which will be held in New York City on Tuesday, April 11.

Carter

Jackson

Behravesh

The full-day forum, Automotive 3.0 – Navigating through Changing Times, is hosted by NADA, J.D. Power and the New York International Auto Show. It will be held at the Grand Hyatt New York.

Registration is now open. The early bird discount rate ends February 28. For the full agenda or to register, visit www.autoforumny.com.
Source: NADA

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U.S. Sales Start 2017 Relatively Strong in January

Good economic news, hefty inventory and rising incentives combined to kick off 2017 U.S. light-vehicle sales on a solid note, as the industry continued a strong 17 million-plus annual rate in January. It was a solid start despite January’s 17.5 million-unit SAAR and raw volume of 1.14 million units both finishing below year-ago’s 17.8 million and 1.16 million, respectively.
Source: WardsAuto

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Sales Slip for FCA, Ford and GM But Outlook Still Strong

Automakers sold 1.14 million new cars and trucks in January, a 1.8% decline compared to the same month last year

Americans continued to buy new cars and trucks at a steady clip in January amid historically high consumer confidence, stock market gains, easy credit and relatively low gas prices. Although few expect the auto industry to record a third consecutive full-year record for U.S. sales, automakers continue to enjoy a robust sales pace that is helping them generate big profits after selling 17.55 million vehicles in 2016.
Source: Detroit Free Press/USA Today

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Toyota Sales Plunge; Nissan, Honda Up in January

Foreign automakers reported mixed results in U.S. showrooms in January. Buoyed by consumer confidence amid stock market gains following the presidential election, easy credit and relatively low gas prices, Americans bought new vehicles at a steady clip in January. [A]utomakers that rely heavily on cars are struggling, as low gas prices prompt many consumers to embrace crossovers, sport-utility vehicles and pickup trucks.
Source: USA Today

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Auto Dealers Announce Nationwide Initiative at Centennial Celebration

In his first official speech as NADA chairman, Mark Scarpelli unveiled a new project designed to help local dealerships showcase the myriad benefits they bring to their customers, their employees, and to communities across the nation. The initiative – MyDealership.org – utilizes videos, social media platforms, and PSAs to communicate the advantages of a strong and vibrant franchise system.

"There are five hallmarks of any local dealership in America today: We are local; We are modern; We are diverse; We save people money; And we create great jobs," Scarpelli said.
Source: NADA

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Past Articles
       
      Quotable
      "January may be suffering a bit of a hangover from those rocking deals we saw in December. It appears new-car shoppers are taking a bit of a breather."

          -- Autotrader senior analyst Michelle Krebs, referring to year-end and holiday deals that drove strong sales of 1.69 million vehicles to end last year, The Detroit News, Feb. 1

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