View Web Version

SPONSORED BY
 
NADA.org
January 4, 2018 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Economic Tailwinds Likely to Keep U.S. Auto Sales Just Shy of Record Levels Through 2018
U.S. Auto Sales Slump in First Since 2009, But Party Isn't Over
Ford, GM Sales Beat Estimates
Register Today for the NADA Academy's Advance Service Management Seminar from Jan. 22-26 in Cerritos, Calif.
Mercedes Rides SUV Craze to Second Annual U.S. Luxury Win
In 2018, Some Trends Will Sustain
Aurora Self-Driving Startup Partners with VW, Hyundai
NADA Show 2018 Offers More Digital Engagement and Content Than Ever
Top Stories
Economic Tailwinds Likely to Keep U.S. Auto Sales Just Shy of Record Levels Through 2018

The U.S. auto industry has a chance to break out of the boom-and-bust cycle it has followed for most of the last century, during which it has been a vital piece of the economy. And that break from the past may begin in 2018. Beyond this year and for decades, the elasticity of auto sales over the next several years will depend on unprecedented factors, including the advance of autonomous driving and electric propulsion, as much as on traditional determinants such as overall strength of the consumer economy, gasoline prices and interest rates.

The ‎National Automobile Dealers Association ... has forecast new-vehicle sales of 16.7 million for 2018, which would represent about a 2% decline. "That's nothing to get worried about," Patrick Manzi, senior economist for NADA, told me. "It would still be a top-10 record year for new-vehicle sales."
Source: Forbes.com

[back to top]

U.S. Auto Sales Slump in First Since 2009, But Party Isn't Over

An unprecedented seven-year streak of annual U.S. auto sales growth finally came to an end, yet carmakers and their investors aren’t fazed. Automakers capped their first year of shrinking industrywide deliveries since the recession with Wall Street bidding up their shares on Wednesday. Plenty of signs point to another healthy -- albeit softening -- U.S. market in 2018.
Source: Bloomberg

[back to top]

Ford, GM Sales Beat Estimates

Carmakers capped their first year of shrinking U.S. sales since the recession on a high note, with surging truck demand buoying General Motors Co. and carrying Ford Motor Co. to a surprise gain. Ford’s light vehicle deliveries rose 1.3 percent last month as its F-Series pickup line had its best year since 2005. GM reported a less dramatic monthly drop than analysts expected, as sales of the Chevrolet Silverado climbed 25 percent.
Source: Bloomberg

[back to top]

Register Today for the NADA Academy's Advance Service Management Seminar from Jan. 22-26 in Cerritos, Calif.

The NADA Academy's Advanced Service Management seminar will be held at Northwood University in Cerritos, Calif., from Jan. 22-26, 2018. During the week-long seminar, NADA Academy instructor Larry Hourcle will discuss key topics that will help take dealership service departments to the next level. Attendees will analyze and discuss their dealership’s performance and walk away with the tools to make significant process improvements. Key areas covered are: problem identification, current situation assessment, personnel techniques, production techniques, legal requirements in service, shop scheduling and loading, idea session and SWOT analysis and managing by objective. Class size is limited, so register today.
Source: NADA

[back to top]

Mercedes Rides SUV Craze to Second Annual U.S. Luxury Win

Daimler AG sold the most luxury vehicles in the U.S. for a second year, with its Mercedes-Benz brand weathering a shrinking market by tapping into America’s love of SUVs. Deliveries of the GLC crossover surged 53 percent last month and carried Mercedes to a record December in the U.S. market. Daimler padded its lead over both German peer BMW AG and Toyota Motor Corp.’s Lexus, even as annual sales for Mercedes slipped 0.9 percent.
Source: Bloomberg

[back to top]

In 2018, Some Trends Will Sustain

Last year brought its fair share of changes in auto finance. Here are some trends that likely will continue in 2018.

(excerpt)

Big moves in digital retail. Digital retail and digital F&I have advanced over the last few years, but customers could soon be able to pay for at least part of their transaction online with a credit card. Rumor has it that two notable companies plan to join forces to support this type of transaction, and other companies likely will unveil similar or complementary solutions at the National Automobile Dealers Association [Show in Las Vegas] in March and throughout the year.
Source: Automotive News

[back to top]

Aurora Self-Driving Startup Partners with VW, Hyundai

Silicon Valley start-up Aurora announced on Thursday partnerships with Volkswagen AG and Hyundai Motor Co to develop a self-driving system within their vehicles, the latest tie-up between global automakers and Silicon Valley tech companies.
Source: Reuters

[back to top]

NADA Show News
NADA Show 2018 Offers More Digital Engagement and Content Than Ever

With the lightning-fast pace of emerging trends and other challenges in the retail-auto industry, dealers and their managers need to focus on digital technology and marketing to improve their business operations and remain competitive. This year’s NADA Show, held March 22-25, 2018, in Las Vegas, will offer more digital content than ever -- from interactive exhibits to numerous digital marketing workshops that provide real business solutions.

Now is the time to reserve your spot at the NADA Show. Hotel rooms in Las Vegas are filling up quickly. Already registered? Be sure to log on to the MyPlanner web app and get started with arranging your schedule, exploring what’s new and connecting with exhibitors and more.
Source: NADA

[back to top]

 
Quotable
"It would still be a top-10 record year for new-vehicle sales."

    -- Patrick Manzi, senior economist for NADA, commenting on new U.S. auto sales in 2018, Forbes.com, Jan. 3

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.