View Web Version

SPONSORED BY
NADA.org
April 26, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Cars Are Sitting on the Lot Longer, Even as Dealers Sweeten Their Offers
April U.S. Auto Sales Seen Down Nearly 2 Percent: JD Power and LMC
ALG: Incentive Spending to Plateau
Automakers Ask California to Ease Rules for Self-Driving Car Tests
Tough Selling EVs When Gasoline Cheaper Than Water
Top Stories
Cars Are Sitting on the Lot Longer, Even as Dealers Sweeten Their Offers

If your local auto dealer is starting to look a little worried, there's a good reason. New analysis by J.D. Power and LMC Automotive shows it's taking longer for dealers to sell new vehicles. That's despite them substantially ramping up incentives meant to sweeten their offer. "While [the] industry retail sales pace remains high, it is being powered by elevated levels of incentive spending which pose a serious threat to the long-term health of the industry," Deirdre Borrego, senior vice president of automotive data and analytics at J.D. Power, said.
Source: CNBC

[back to top]

April U.S. Auto Sales Seen Down Nearly 2 Percent: JD Power and LMC

U.S. auto sales in April likely fell almost 2 percent from a year earlier, with consumer discounts remaining at levels high enough to threaten the industry's long-term health, industry consultants J.D. Power and LMC Automotive said on Tuesday. The consultancies also lowered their full-year 2017 forecast for new vehicle sales to 17.5 million units, from a previous forecast of 17.6 million. April U.S. new vehicle sales will be about 1.48 million units, a drop of nearly 2 percent from 1.51 million units a year earlier, the consultancies said.
Source: Reuters

[back to top]

ALG: Incentive Spending to Plateau

Look for incentive spending to level off from where it was at the end of 2016 and in the first few months of this year, says ALG chief industry analyst Eric Lyman. The new-car market will likely “plateau” with annual sales in the neighborhood of 17.4 million this year, with the incentives — which have helped drive such high sales — likely to peak before July, ALG said in a quarterly market report.
Source: Auto Remarketing

[back to top]

Automakers Ask California to Ease Rules for Self-Driving Car Tests

Automakers on Tuesday urged the state of California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of rules for self-driving cars. At a public hearing in Sacramento monitored via webcast, automakers urged California to drop some additional proposed regulations and leave much of the oversight to the U.S. National Highway Traffic Safety Administration.
Source: Reuters

[back to top]

Tough Selling EVs When Gasoline Cheaper Than Water

Honda’s vision for electrified vehicles of the future must get past the reality that of 17.5 million vehicles sold in the U.S. last year, 16.5 million were powered by gasoline, today’s cheap fuel. The Japanese automaker’s long-term goal is to make electrified vehicles two-thirds of its global sales by 2030. Jeff Conrad, American Honda’s senior vice president-automotive division, realizes the goal seems daunting, given current circumstances.
Source: WardsAuto

Related article:


[back to top]

 
Quotable
"This is challenging, especially in a market when gasoline is cheaper than bottled water."

    -- Jeff Conrad, American Honda senior vice president of automotive, commenting on its long-term EV sales goal, WardsAuto, April 26

Sponsored by

MyDealership.org Videos








NADA Videos

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.
 
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.