View Web Version

SPONSORED BY
 
NADA.org
January 2, 2018 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Fed Outlook for Higher Rates Dims U.S. Auto Sales View for 2018
Analysts Mull Scenarios of a World Without NAFTA
In 2017, We Said Goodbye to ...
Hyundai Motor, Kia Motors Flag Slow Sales Recovery in 2018
Anticipating Maintenance Challenges for Autonomous Vehicles
The Biggest Stories of 2017
Top Stories
Fed Outlook for Higher Rates Dims U.S. Auto Sales View for 2018

As automakers seal their first annual U.S. sales decline since 2009, expectations for more interest-rate hikes are bolstering the nearly unanimous view that car demand will shrink again in 2018. Few analysts anticipate sales this year will reach 17 million vehicles, which was just achieved for a third-straight year and only the fifth time in history. The Federal Reserve forecasts three rate hikes this year, crimping the free-flowing credit that’s helped fuel a record streak of demand growth that’s come to an end.
Source: Bloomberg

[back to top]

Analysts Mull Scenarios of a World Without NAFTA

A world without the North American Free Trade Agreement would be sure to disrupt the auto supply chain in Canada and the U.S. But just exactly what would happen if the United States decides to exit the agreement remains an open question with no clear answers. That’s because that country’s departure from NAFTA, a possibility that became more realistic following the most recent round of renegotiations, is virtually without precedent, analysts say.
Source: Automotive News

[back to top]

In 2017, We Said Goodbye to ...

(excerpt)

Bob Mallon, NADA

Mallon founded the National Automobile Dealers Charitable Foundation in 1975 — before becoming National Automobile Dealers Association president in 1978 — and was the foundation's only chairman until 2016, when he became chairman emeritus. With the support of the foundation's board of trustees, Mallon spearheaded several programs, funds, grants and scholarships, including the Ambassadors Program, which collects donations that benefit local communities; the Emergency Relief Fund to help dealership employees recover after disasters; and the Survivors Relief Fund, which distributed scholarships to children of victims of the Sept. 11 terrorist attacks. The former Ford dealer from Tacoma, Wash., died Aug. 3 at 83.
Source: Automotive News

[back to top]

Hyundai Motor, Kia Motors Flag Slow Sales Recovery in 2018

South Korea’s Hyundai Motor and Kia Motors on Tuesday flagged 4 percent sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China. Hyundai and smaller affiliate Kia said demand was expected to soften in the U.S. and Chinese markets as they unveiled a combined sales target of 7.55 million vehicles this year, from 7.25 million vehicles last year.
Source: Reuters

[back to top]

Anticipating Maintenance Challenges for Autonomous Vehicles

Shift in responsibility creates opportunities for technicians, Stratim CEO Sean Behr says.

Stratim ... a start-up based in San Francisco ... has raised more than $36 million in funding. It alerts and plans when and where vehicles need to be fueled or have maintenance performed. The company monitors more than 10,000 cars and vans from 50 clients including BMW, Ford, and General Motors. Sean Behr, co-founder and CEO of Stratim, added one thing will not change – all of these vehicles will require preventative maintenance and emergency repairs. The problems of today will still exist, such as tires needing air and windshields getting dinged up from road debris.
Source: Fleet Owner

[back to top]

The Biggest Stories of 2017

The auto industry spent a lot of 2017 focused on EVs, AVs and NAFTA, pausing to say "OMG" (or over at General Motors, "LOL") when Ford Motor Co. ousted Mark Fields as CEO or Uber got caught in another scandal. Every automaker, seemingly, is working furiously to shove batteries into its vehicles — even Toyota, a longtime electric vehicle skeptic. The staff of Automotive News ranked the top 10 stories from 2017, and EVs, nowhere to be found on last year's list, shot to the No. 1 spot. There were plenty of other big stories keeping us busy in the past year.
Source: Automotive News

[back to top]

 
Quotable
"Consumers could face slightly higher costs for all their borrowing ... higher rates drive up the cost to provide low-rate financing, which eats into profit margins and hurts the carmakers as well."

    -- Charlie Chesbrough, senior economist at Cox Automotive, which owns websites including Kelley Blue Book and Autotrader, commenting on the Federal Reserve's forecast for three interest-rate hikes this year, Bloomberg, Jan. 2

Sponsored by


MyDealership.org Videos




 

Upcoming NADA Webinars
Jan. 10 – Start the Year with a Plan for Staff Development (12 pm)

Jan. 24 – Reclaim Command of Your Digital Marketing (12 pm)

Jan. 31 – Grading Your Wholesale Customer (12 pm)

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.