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March 24, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Ford Warns Higher Rates, Decline in Resale Values Will Hurt Results
Trump's Auto Review May Only Slow March to Better Fuel Efficiency
California Fuel Standards to Get Critical Review
Honda's Dogged Hydrogen Push Yields A Remarkable New Clarity Fuel Cell Sedan
Why It Might Be Easier to Get a Good Used Car Deal
April 5: NADA Quarterly Briefing on Auto Sales and Economy
Top Stories
Ford Warns Higher Rates, Decline in Resale Values Will Hurt Results

Auto maker warns 2017 will fall on higher costs and continued investment in autonomous cars and other advanced technologies

Ford Motor Co. raised a caution flag for the auto industry, saying higher interest rates and a steady decline in used-car values will hurt the most important factor in the recent U.S. sales boom: affordability. The outlook, coming as the company forecast leaner results for the first quarter, comes amid a broader view that car sales in the world’s two largest markets have peaked after a string of record profits and sales for the U.S. auto industry.
Source: The Wall Street Journal (subscription required)

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Trump's Auto Review May Only Slow March to Better Fuel Efficiency

When U.S. President Donald Trump announced a review last week of tough Obama-era vehicle emissions and fuel-efficiency standards, he proclaimed that the "assault on the American auto industry is over." But rules set by the Environmental Protection Agency may take a backseat to consumers demanding vehicles that guzzle less gas and automakers having to meet tougher standards if they want to export cars overseas, according to auto industry analysts. In the end, U.S. carmakers may just gain a few more years to meet the more stringent targets that former President Barack Obama's administration negotiated with the companies in 2012, analysts said.
Source: Reuters

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California Fuel Standards to Get Critical Review

California's Air Resources Board is expected to discuss the standards at a hearing in Riverside [Calif.] on Friday. Automakers say the standards could be tough to meet as more people are buying trucks and SUVS. Advocates say the review is critical following President Donald Trump's decision to re-examine rules governing gas mileage and establish one fuel mileage requirement for U.S. automakers.
Source: The Associated Press

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Honda's Dogged Hydrogen Push Yields A Remarkable New Clarity Fuel Cell Sedan

All the sweat equity Honda engineers have invested in its fuel cell program, year after year, has yielded a remarkable new version of the Clarity sedan, the most compelling argument yet for the potential hydrogen cars still hold.
Source: Forbes.com

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Why It Might Be Easier to Get a Good Used Car Deal

J.D. Power reports sales and price plunged last month

In most years, used car sales and prices go up in February. Usually there are plenty of buyers and the competition allows used car dealers to hold closer to the asking price. Last month wasn't like that. If you were used car shopping in February, chances are you drove away with a good deal. And chances are you can still find some of those deals if you look hard enough. Market intelligence analysts at J.D. Power's Valuation Services division report used car prices dipped last month for three main reasons. The first is competition from new car dealers.
Source: ConsumerAffairs.com

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April 5: NADA Quarterly Briefing on Auto Sales and Economy


Scarpelli


Szakaly

NADA Chairman Mark Scarpelli and NADA Chief Economist Steven Szakaly will share their insights on the overall economy and where it is trending and provide any revisions to NADA’s outlook following the first quarter sales results for new cars and light trucks, as well as highlight the key sales indicators and drivers of the retail-auto industry. NADA has forecast sales of 17.1 million new light vehicles for 2017.

When: Wednesday, April 5, 2017
Call-in Time: 11 a.m. ET

Scarpelli is president of Raymond Chevrolet and Raymond Kia in Antioch, Ill., and co-owner of Ray Chevrolet and Ray Chrysler-Jeep-Dodge-Ram in Fox Lake, Ill.

A Q&A session with members of the media and industry will follow the briefing. Click here to register.
Source: NADA

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Past Articles:
 
Quotable
"We do think there will be people who fallout and they won't be able to afford a new vehicle."

    -- Ford Chief Financial Officer Bob Shanks, commenting on the impact of higher interest rates and a decline in used-car values, The Wall Street Journal, March 23

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Automotive Forum -- April 11

 
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