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April 19, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
J.D. Power: Consumer Trust in Self-Driving Cars Drops
SAIC, China's Biggest Automaker, Puts U.S. Ambitions on Hold
An SUV Called Trumpchi, and Other Marketing Challenges for Chinese Autos in the U.S.
Volkswagen Profit Jumps as Diesel-Scandal Recovery Accelerates
Used-Car Gross Profits at $1.69M for Average Franchised Dealer
WSJ Video: Big, Luxury SUVs Make a Comeback
Top Stories
J.D. Power: Consumer Trust in Self-Driving Cars Drops

A growing percentage of people say they don’t trust self-driving car technology, according to a J.D. Power study. Falling confidence in all age groups — with the exception of Generation Y drivers born from 1977 to 1994 — poses a challenge to automakers and suppliers who want to roll out the capability in coming years, the study authors say.
Source: The Detroit News

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SAIC, China's Biggest Automaker, Puts U.S. Ambitions on Hold

SAIC Motor Corp., China’s biggest automaker by sales, has put off its plans to export vehicles to the U.S. due to policy uncertainties with the election of Donald Trump as president, even as another state-owned rival stays on track to enter the world’s second-biggest auto market. SAIC Motor’s wait-and-see attitude contrasts with that of Guangzhou Automobile Group Co., or GAC, which is going ahead with its plan to start sales of its Trumpchi brand in the U.S.
Source: Bloomberg

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An SUV Called Trumpchi, and Other Marketing Challenges for Chinese Autos in the U.S.

The country’s auto makers aim to boost sales overseas, and are starting by building better cars. That’s just the first hurdle

China’s auto makers hope to shed their reputation as builders of cheap, second-rate cars as they spotlight their newest models at this week’s Auto Shanghai, the country’s main yearly vehicle expo that opens to the public Friday. The Trumpchi is considered one of China’s best hopes of exporting cars in volume to the U.S., a long-held dream of the manufacturers. “As Chinese cars go, the Trumpchi brand’s design inside and out is more mature and mainstream than most,” Motor Trend magazine said of the marque.
Source: The Wall Street Journal

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Volkswagen Profit Jumps as Diesel-Scandal Recovery Accelerates

Volkswagen AG posted first-quarter earnings that beat analysts’ estimates as new models and spending cuts helped the German carmaker’s namesake brand recover from its emissions-cheating scandal. Operating profit totaled about $4.7 billion, “significantly higher than market expectations,” the Wolfsburg-based manufacturer said Tuesday in a statement. That would be 28 percent higher than the year-earlier figure and about 20 percent more than analysts were predicting.
Source: Bloomberg

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Used-Car Gross Profits at $1.69M for Average Franchised Dealer

Franchised dealerships sold nearly 15 million used cars last year, taking a 37-percent share of the pre-owned retail vehicle market, according to the NADA Data 2016 report. And the average used-car department at a franchised store was pulling in annual gross profits of just under $1.69 million, the report said.
Source: Auto Remarketing

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WSJ Video: Big, Luxury SUVs Make a Comeback

Lower prices at the gas pumps have fueled an increase in SUV sales and that means more choices for the consumer. WSJ's Christina Rogers reports from the New York International Auto Show on the latest and greatest offerings.
Source: The Wall Street Journal

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Quotable
"The technology is advancing really, really quickly. But the key question for our industry is how does the industry lead consumers into this new world?"

    -- Dave Sargent, vice president of global automotive at J.D. Power, commenting on its new study on self-driving car technology, The Detroit News, April 18

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