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August 3, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA Fears Fuel Regs Will Hurt Many Car Shoppers
Consumers Command Industry, Toyota Sales Chief Says
With a Bit of Love, Japan's Subaru Soars in U.S. While Rivals Falter
BMW Shifts Past German Rivalsí Diesel Woes With Electric Push
Carmakers Offer to Overhaul 5 Million Polluting Diesel Cars in Germany
NADA Market Beat: CUV Sales Up Nearly 3% Year-to-Date
Top Stories
NADA Fears Fuel Regs Will Hurt Many Car Shoppers

Cars already are costly, and the head of a trade group representing U.S. auto dealers worries federal fuel-economy mandates will make them even more expensive, pushing them out of the reach of many budget-minded Americans. “We know something about what consumers want,” Peter Welch, president and CEO of the National Automobile Dealers Assn., says during a Center for Automotive Research Management Briefing Seminars session [in Traverse City, Mich.] on government fuel-efficiency mandates.

“Affordability is everything; it’s the whole game from the consumers’ perspective,” Welch says during a discussion on government fuel-economy and carbon-emission policies. “We need to make it possible for people to afford to buy cars,” he says. “We shouldn’t let policies from Washington dictate that. If customers aren’t willing to buy them, the policy is for naught.”
Source: WardsAuto

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Consumers Command Industry, Toyota Sales Chief Says

All the management planning, philosophy and strategy that goes into selling cars aside, retail consumers are the true drivers of the automotive business, Toyota’s U.S. sales chief contends. Look no further than the seismic shift in the automotive market since 2012 as buyers drove a change in the industry’s fundamental direction away from cars to CUVs, says Bob Carter, executive vice president-sales, Toyota Motor North America.
Source: WardsAuto

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With a Bit of Love, Japan's Subaru Soars in U.S. While Rivals Falter

As many automakers struggle with slowing demand in the U.S. car market, one of Japan's smaller automakers has managed to buck the trend by sticking to an unconventional marketing strategy, along with a little "love". Subaru Corp., Japan's No. 6 automaker by global sales volume, posted on Thursday a 17.5 percent rise in its quarterly operating profit to $1.08 billion, buoyed by higher sales in the United States, its biggest market.
Source: Reuters

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BMW Shifts Past German Rivalsí Diesel Woes With Electric Push

BMW AG is setting its sights on the future, with plans to boost spending on electric cars and self-driving features to move on from the German auto industry’s diesel woes. A day after agreeing to upgrade newer diesel cars and offer trade-in incentives on older models, BMW underscored its focus on managing the transition to an era of electric-powered robo-taxis.
Source: Bloomberg

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Carmakers Offer to Overhaul 5 Million Polluting Diesel Cars in Germany

German carmakers offered to cut emissions by updating the software of 5 million diesel cars in an attempt to avoid vehicle bans, Germany's auto industry association VDA said. German carmakers will install new engine management software to make emissions filtering systems more effective and bring down pollution levels of nitrogen oxide by 25 percent to 30 percent, VDA said.
Source: Reuters

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NADA Market Beat: CUV Sales Up Nearly 3% Year-to-Date

Through seven months of the year, U.S. new-vehicle sales are down 2.9 percent. However, more and more buyers are choosing light trucks, NADA reports in the July edition of Market Beat. Crossover utility vehicles (CUV) continue to be the hot sellers. Market share of CUVs has increased by nearly 3 percent over the year, with much of the gain coming from the decline in sales of midsize cars. “Inventories on dealer lots remain high, and lofty incentives may need to rise even further to bring in new customers,” said NADA Chief Economist Steven Szakaly. “However, we will not see another record year. It is our view that with stronger sales in the late summer and fall, new light-vehicle sales for 2017 will reach our original forecast of 17.1 million units.” Click here for the July edition of Market Beat.
Source: NADA

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Quotable
"Every day at dealerships, people wonder if they can afford the monthly payments of a car they are considering buying. Customers are smart, do the math and know how to stretch a penny. Like it or not, these are the people determining the fuel-economy issues in this country."

    -- Peter Welch, NADA president and CEO, in remarks at the Center for Automotive Research Management Briefing Seminars in Traverse City, Mich., on government fuel-efficiency mandates, WardsAuto, August 2

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