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July 3, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
SUVs Enjoy Summer Surge as Car Workers Take Unwanted Breaks
Ford CEO: Decision-Making 'Shot Clock' Needed to Accelerate Plans
GM Misses Some Sustainability Goals, Rewrites Targets
Takata Winds Down, but Recall Goes On and On
Safety Groups Seek Hands-On Regulation of Driverless Testing
The Auto Industry's Cold Pizza
NADA's Mark Scarpelli and Steven Szakaly to Discuss State of Auto Retailing
Top Stories
SUVs Enjoy Summer Surge as Car Workers Take Unwanted Breaks

Workers at U.S. auto factories are finding that their summer schedules may be determined by the height of the model they assemble. General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles NV are all shortening summer shutdowns or forgoing them altogether at some plants that make popular SUVs and pickups as demand for the bigger vehicles continues to chug along. At the same time, several U.S. car plants are bracing for a cut in summertime shifts and output as manufacturers try to align supply with still-slumping passenger-car demand.
Source: Bloomberg

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Ford CEO: Decision-Making 'Shot Clock' Needed to Accelerate Plans

Jim Hackett outlines his agenda for first 100 days to help jump-start auto maker’s sagging stock price

Ford Motor  Co.’s new chief executive is enforcing a “shot clock” on lingering decisions at the auto maker to implement plans faster and regain competitive footing in vital segments of the car business. CEO Jim Hackett, speaking to analysts [last] week, rolled out the shot-clock idea—borrowing from a rule employed in basketball to quicken the pace of the game—as part of his agenda for the first 100 days in his new job.
Source: The Wall Street Journal

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GM Misses Some Sustainability Goals, Rewrites Targets

General Motors Co. says it will create new, sustainable product commitments after achieving mixed results on five goals set year ago related to reducing carbon-dioxide tailpipe emissions and rolling out more electrified vehicles and fuel-efficient cars. The automaker, in its 2016 Sustainability Report released in June, said while it met a goal to double the number of vehicles with 40 miles per gallon or more highway fuel economy by this year, it expects to fall well short of having a half-million electrified vehicles on the road in 2017.
Source: The Detroit News

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Takata Winds Down, but Recall Goes On and On

Procuring parts, getting vehicles into dealerships remain major problems

Last week's Takata Corp. bankruptcy filing should shield the Japanese airbag supplier from some financial liability, but it does virtually nothing to speed the U.S. airbag inflator recall that is frustrating manufacturers and auto dealers. "It's our understanding that all of the affected automakers and their parts suppliers are continuing to work incredibly hard to manufacture and distribute replacement airbag inflators as quickly as possible," National Automobile Dealers Association spokesman Jared Allen told Automotive News.
Source: Automotive News

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Safety Groups Seek Hands-On Regulation of Driverless Testing

Industry players, regulators and consumer safety advocates agree that autonomous vehicles have the potential to sharply decrease deaths and injuries by minimizing human error. But as the first wave of legislation takes shape, new fault lines are emerging over how strictly to regulate testing.
Source: Automotive News

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The Auto Industry's Cold Pizza

Automakers cling to old models around after redesigns

They are the automotive equivalent of cold pizza or chicken salad — leftovers that are still plenty appealing by themselves, even if they are no longer the freshest thing in the refrigerator. For automakers and dealers, keeping older vehicle designs in production after their replacements are introduced is becoming an important strategy to protect market share and inventories while keeping budget-conscious customers happy.
Source: Automotive News

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July 6: NADA Quarterly Economic Briefing
NADA's Mark Scarpelli and Steven Szakaly to Discuss State of Auto Retailing


Szakaly


Scarpelli

With six months of U.S. auto sales for 2017 in the books, NADA Chief Economist Steven Szakaly and NADA Chairman Mark Scarpelli – during a quarterly economic briefing via conference call – will highlight the current trends impacting both the new- and used-vehicle markets as well as discuss the state of auto retailing—from incentives, inventory levels and financing trends, etc. Szakaly will also provide an outlook for the rest of 2017.

When:
  Thursday, July 6, 2017
Call-in Time:
10:30 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 the media and industry analysts will follow the briefing. Click here to register. A call-in number and conference ID will be emailed to registrants.
Source: NADA

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Quotable
"You can't hide from the data. Since 2008, passenger-car share has dropped 25 percent. So you look at that and you say 'That's kind of a disastrous sign of what the future is; what are you going to do?'"

    -- Tim Kuniskis, head of passenger-car brands for FCA US, Bloomberg, June 30

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