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March 27, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Forecast: U.S. March Sales to Reach 17-Year High
Calif. Air Regulators Break with Trump on Fuel Rules
IRS Issues Updated Annual Depreciation Tables for Passenger Vehicles
Used-Car Market Likely to Eclipse 3.6M Sales
Buy-Sells Shuffle Dealership Rankings
Buick Steps Up to Join the Luxury Game, Debuting Two New Vehicles Ahead of the New York Auto Show
Top Stories
Forecast: U.S. March Sales to Reach 17-Year High

A WardsAuto forecast calls for U.S. automakers to deliver 1.61 million light vehicles in March, a 17-year high for the month. The forecasted daily sales rate of 59,776 over 27 days is a best-ever March result.
Source: WardsAuto

Related article:


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Calif. Air Regulators Break with Trump on Fuel Rules

California air regulators voted Friday to keep the state’s tough vehicle emissions standards through 2025. The state Air Resources Board voted unanimously at a meeting in Riverside [Calif.] to continue with the standards for 2022 to 2025 after reaching a conclusion similar to one by the U.S. Environmental Protection Agency under the Obama administration. More recently, however, President Donald Trump said he wants to re-examine the rules governing gas mileage and set a uniform fuel mileage requirement for automakers in the U.S.
Source: The Detroit News

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IRS Issues Updated Annual Depreciation Tables for Passenger Vehicles

Revenue Procedure 2017-29 updates for 2017 tax years the annually published depreciation and inclusion tables for owners and lessees, respectively, of passenger vehicles, trucks and vans. First year depreciation for passenger cars placed in service in 2017 (and for which the § 168(k) additional first year depreciation deduction applies) is $11,160, and for trucks and vans is $11,560. 
Source: IRS

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Used-Car Market Likely to Eclipse 3.6M Sales

Used-car sales this month could approach 3.64 million units, according to a forecast released Friday by ALG. That would be a 2.4-percent year-over-year increase.
Source: Auto Remarketing

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Buy-Sells Shuffle Dealership Rankings

The top 150 groups own 3,468 dealerships, or 19 percent of all the rooftops in the U.S., according to the Automotive News Data Center. They retailed 3,585,382 new vehicles or 21.6 percent of the industry's 2016 U.S. new-vehicle sales, up from 21.2 percent in 2015.
Source: Automotive News

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Buick Steps Up to Join the Luxury Game, Debuting Two New Vehicles Ahead of the New York Auto Show

Buick, the 114-year-old Detroit brand trying to shed its blue-haired image, will take a significant step toward joining the ranks of global luxury automakers when it unveils its long-awaited upscale line at the New York Auto Show.
Source: Forbes.com


Editor's note: NADA, J.D. Power and the New York International Auto Show are hosting the 2017 Automotive Forum at the Grand Hyatt New York on April 11. The full-day forum, “Automotive 3.0 – Navigating through Changing Times,” includes numerous speakers and panel sessions. For the full agenda or to register, visit www.autoforumny.com. Attendees will receive exclusive access to the auto show during press days starting on April 12.

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Past Articles:
 
Quotable
"Auto sales in the first quarter of 2017 are humming along and deliveries are in line with our expectations for the full calendar year."

    -- ALG chief industry analyst Eric Lyman, Auto Remarketing, March 24

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Automotive Forum -- April 11

 
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