SPONSORED BY
 
NADA.org
January 31, 2018 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
U.S. Sales Start Year at Robust Pace, Aided by Incentives
Study Says Car Shoppers Want to Start Online, But End at Dealership
Auto Recall Bill Grew 26% to $22 Billion in 2016, Study Says
Fordís Latecomer SUV Exemplifies Need for CEOís Urgent Overhaul
Hyundai Hopes Bigger, Revamped Santa Fe SUV Will Reverse U.S. Sales Slump
Future Car Electronics Watch You, Watching Them
Top Stories
U.S. Sales Start Year at Robust Pace, Aided by Incentives

U.S. new-vehicle sales this month, fueled by higher incentives, are expected to roughly match the levels of January 2017, but the selling rate is projected to decline as the industry prepares for a second straight year of lower volume. Through the first two weeks of the year, J.D. Power says the average incentive spending per vehicle was $3,733, up $94 from the same period last year and on track to set a record high to start the year.
Source: Automotive News

[back to top]

Study Says Car Shoppers Want to Start Online, But End at Dealership

According to some popular opinion, car-shopping nirvana for consumers would be the ability to avoid going to the dealership. Instead, they would click online to buy. Then a purchased vehicle would show up in their driveway. But a new study indicates that’s not a real-world sentiment. The survey says most consumers want to go to the dealership and perceive the salespeople as valuable consultants. Eighty-three percent of survey respondents say they want to start their car-buying journey online and 89% say they want to finish it at the dealership, according to Cox’s Future of Digital Retail Study.
Source: WardsAuto

[back to top]

Auto Recall Bill Grew 26% to $22 Billion in 2016, Study Says

A new study highlighting the flurry of U.S. automotive recalls asserts that automakers and suppliers remain focused on innovation and cost cuts while vehicle quality takes a hit. The study, "The Auto Industry's Growing Recall Problem -- and How to Fix It," shows that automakers and suppliers paid almost $11.8 billion in claims and recorded $10.3 billion in warranty accruals for U.S. recalls in 2016. That $22.1 billion total is an estimated 26 percent increase over the previous year.
Source: Automotive News

[back to top]

Fordís Latecomer SUV Exemplifies Need for CEOís Urgent Overhaul

To understand why CEO Jim Hackett is urgently overhauling Ford Motor Co., look no further than the surging small sport utility vehicle segment. The U.S. market for diminutive models including the Jeep Renegade, Honda HR-V and Chevrolet Trax has grown more than sixfold since the start of the decade and will surpass 1 million units for the first time this year, according to LMC Automotive. Ford is just showing up with the EcoSport hitting showrooms this month.
Source: Bloomberg

[back to top]

Hyundai Hopes Bigger, Revamped Santa Fe SUV Will Reverse U.S. Sales Slump

Hyundai Motor unveiled on Tuesday a re-designed Santa Fe, hoping the first makeover of the sport utility vehicle (SUV) in six years will help rectify a sales slowdown at the South Korean automaker, especially in the key U.S. market.
Source: Reuters

[back to top]

Future Car Electronics Watch You, Watching Them

New automotive electronic systems watch you watching them, with an eye — an electronic eye — towards making sure you’re informed, alert and paying attention. “Driver monitoring will become an essential feature,” said high-tech supplier Panasonic Automotive, at the Consumer Electronics Show [in Las Vegas] earlier this month. Panasonic demonstrated a prototype “augmented reality” head-up display at CES, which could go into production in the next couple of years.
Source: Forbes.com

[back to top]

 
Quotable
"Skipping the dealership is a myth."

    -- Mike Burgiss, vice president-digital retailing at Cox Automotive, commenting on its Future of Digital Retail Study, which revealed 83% of survey respondents want to start their car-buying journey online and 89% say they want to finish it at the dealership, WardsAuto, Jan. 31

Sponsored by


MyDealership.org Videos




 

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