News

Amazon aims to rapidly expand its presence in the auto industry through Alexa, its voice-enabled intelligent personal assistant.

Two senators are pushing for mandatory federal standards to defend vehicles against hackers. Automakers want a more flexible approach.

The changes come as FCA seeks to keep consumers interested in what is the oldest product lineup of any major automaker.

Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems.

Honda said an engineer who once suggested he knew a hidden truth about "the root cause" of Takata's defective airbags later indicated he was mistaken.

The expected bankruptcy of troubled airbag maker Takata throws a wild card into one of the biggest and most complicated recalls in automotive history.

This Issue's Headlines:

Used Cars Get Cheaper as People Buy More SUVs Americans' breakup with sedans is lowering prices for used cars. Although values of crossovers, sport-utility vehicles and pickups are holding ground, dealerships are being flooded with used cars coming off lease, a situation that will grow more extreme over the next couple of years.
FCA Backs New Public Education Campaign on Auto Recalls "Too many drivers are complacent when it comes to recalls, or they are unsure whether their car is subject to one. Check To Protect should help close that knowledge gap and, by extension, make our roads safer," National Safety Council President Deborah Hersman said in a statement.
Ford�s Signal to the Auto World: Here Comes China After years of predictions that cars sold in the West would bear the “Made in China” label, the time has finally come.
BMW and Volkswagen Try to Beat Apple and Google at Their Own Game Teaser here
Your Next Car May Be a Living Room on Wheels Teaser here
 
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This Issue's Headlines:

New Vehicle Reliability Hits Record High but Driver-Assist Features Struggle

If you've bought a new car or truck in the last year, odds are you are pretty happy with your decision. J.D. Power and Associates' annual survey of new vehicle owners shows the initial quality of vehicles is better than ever.

Rep. LaMalfa Proposes Bill to Repeal Excise Tax on Trucks

Legislation that would repeal the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers was unveiled June 20 by Rep. Doug LaMalfa (R-Calif.). 

For Thousands of U.S. Auto Workers, Downturn Is Already Here

Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co. factories in the United States, the hard times are already here.

U.S. Trade Representative Lighthizer Says No Deadline Set for NAFTA Deal

U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations.

Takata to File for Bankruptcy Monday, SMFG to Provide Bridge Loan Teaser here
Ford Gathers Street-Smarts to Guide Cars of Future Teaser here
 
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This Issue's Headlines:

ATD Supports New House Bill to Repeal Federal Excise Tax on Heavy-Duty Trucks “The 12-percent federal excise tax on heavy-duty trucks is the highest percentage rate of any federal excise tax that Congress levies, and it adds $12,000 to $22,000 to the price of a new heavy-duty truck,” said ATD Chairman Steve Parker. “The FET depresses new heavy-duty truck sales and delays the deployment of cleaner, safer and more fuel-efficient trucks.”
May Auto Default Rate Ties 10-Year Low

The expert who oversees the S&P/Experian Consumer Credit Default Indices explained how May’s auto default movement should put discussions about a “crisis” in subprime auto financing “behind us.”

Ford's Big Bet: Americans, and Trump, Are Ready for Chinese Cars Americans buy millions of dollars of stuff made in China every day. So why not add the Ford Focus to the mix? To hear Joe Hinrichs, Ford Motor Co.’s president of global operations, talk about the plan to move the car’s production to a factory in Chongqing, it’s no big deal.
Tata Group Said to Consider IPO of Jaguar Land Rover Teaser here
FCA Announces Dealer-Allocation Plan for �18 Demon Teaser here
 
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This Issue's Headlines:

Ghosn Sees Renault-Nissan Passing VW, Toyota as Global No. 1 This Year Two years ago, Carlos Ghosn said Renault-Nissan Alliance would be one of the top three global automakers by 2018. That prediction has come true a year early, largely due to the addition of Mitsubishi in 2016.
GM Laying Off About 1,000 Workers Amid Downturn in Passenger-Car Sales “Lower demand for passenger cars across the industry has caused us to adjust production of some models,” GM said in a statement. The company said it is launching a “record number” of crossover SUVs to retain customers who are defecting from sedans.
Passenger Car Market Decline A Big Concern For Toyota and Honda Toyota Motors and Honda Motor Co. have had a great deal of success in the U.S. passenger car market with their Camry, Corolla, Civic, and Accord sedans. However, in the past few years, passenger car sales in the U.S. car market, the second biggest auto market in the world, have declined.
GM's Barra Applauds Trump for Cutting Regulations Teaser here
U.S. Shoppers More Willing to Pay for Vehicle Technology Teaser here
 
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This Issue's Headlines:

How Jim Hackett Wants to Impact Ford in 100 Days Hackett, 62, who replaced Mark Fields as CEO last month, has begun with a mandate from Executive Chairman Bill Ford to speed up the automaker’s decision-making and wants to instill an increased focus on innovation.
Automakers Fear Autonomous Policy Vacuum

NADA fully appreciates the public’s concerns regarding the safety of autonomous technologies and is working closely with federal and state governments to see that those concerns are addressed. The members of the Alliance of Automobile Manufacturers and the Association of Global Automakers have adopted a set of automotive privacy principles that represent a proactive industry effort to protect the privacy interests of consumers of connected and automated vehicles. NADA worked with the manufacturer trade associations in the drafting of these principles and we encourage dealers to review and understand the principles, as dealers will play a critical role in explaining those principles and related privacy issues to consumers. NADA recognizes that the success of autonomous systems directly hinges on public acceptance.

Automakers 'Destroying Themselves' with Stair-Steps

Steve Kalafer makes documentary films. He's working on one about Volkswagen's diesel emissions scandal, Backfire: The Volkswagen Fraud of the Century. He also is the founding chairman of Flemington Car & Truck Country Family of Dealerships in Flemington, N.J., about 60 miles west of New York City.

North America Light-Vehicle Production Grew 9% in May Teaser here
Franchised Dealers Eye Opportunity in Off Lease Teaser here
 
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This Issue's Headlines:

Human Drivers Are Afraid to Hand the Wheel to Robots NADA fully appreciates the public’s concerns regarding the safety of autonomous technologies and is working closely with federal and state governments to see that those concerns are addressed. The members of the Alliance of Automobile Manufacturers and the Association of Global Automakers have adopted a set of automotive privacy principles that represent a proactive industry effort to protect the privacy interests of consumers of connected and automated vehicles. NADA worked with the manufacturer trade associations in the drafting of these principles and we encourage dealers to review and understand the principles, as dealers will play a critical role in explaining those principles and related privacy issues to consumers. NADA recognizes that the success of autonomous systems directly hinges on public acceptance.
U.S. States Could Not Set Self-Driving Car Rules Under Republican Plan California and other states would be barred from setting their own rules governing design and testing of self-driving cars, while federal regulators would be blocked from demanding pre-market approval for autonomous vehicle technology, according to a U.S. House Republican proposal ...
Takata Plans to File for Bankruptcy as Soon as Next Week, Source Says Takata Corp. plans to file for bankruptcy as soon as next week, paving the way for a sale of the 84-year-old Japanese air-bag maker behind the biggest safety recall in automotive history.
Trump Administration Backs Away from Fight Over California's Power to Set Rules for Cars and Trucks Environmental Protection Agency Administrator Scott Pruitt assured lawmakers on Thursday that his agency is not currently looking to take away the power that California has used for decades to reduce emissions that cause smog and heat up the planet.
Researchers Who Targeted VW Diesel Cheating Turn Sights on Fiat Chrysler Teaser here
Fiat Chrysler CEO Says 2018 Targets Unaffected by Diesel Woes Teaser here
VW Brand CEO Sees New Models Driving Profit and Sales Teaser here
The Race to Monetize Vehicle Data Gets More Crowded as BMW Hooks Up with IBM Teaser here
 
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By now, it's no secret — social media is essential to your dealership's branding efforts. For those who are new to social media altogether, we’ve worked to explain how to utilize social media to promote your dealership.

We’ve also created guides to help you set up and operate your social media accounts, whether it's Facebook or Twitter.

In this Instagram for Dealerships How-To Guide, we'll talk about how to set up and use an Instagram account for your auto dealership.

When it comes to branding and marketing, traditional advertising isn’t just outdated — it’s downright expensive.

For every vehicle you sell through traditional advertising methods, you’ll spend hundreds (possibly thousands) of dollars to do so. That money comes right out of your bottom line, making it hard to hold any gross or net margins when you’re spending so much to attract a single sale.

Rather than spending time and money on advertising vehicles to new customers, why not maximize your marketing by focusing on unique branding in two other areas: what makes your dealership different than the rest and bringing in previous customers.

If there are two aspects of car purchasing that customers generally dread, the first is stepping onto the car lot and being descended upon by a pushy salesperson who doesn’t listen to what they really want.

The second, surprisingly, happens after they’ve shaken the salesperson’s hand. If they're not worried about the sales process, they're worried about what will happen in the finance and insurance (F&I) department.

The problem that many customers have with F&I is the perception that they’re going to be pressured with upsells and potential upgrades even after they’ve committed to the kind of vehicle they want. In addition to this, the lengthy wait times necessary to get all of the necessary checks and applications completed can make the F&I experience excruciating.

Through use of technology and proper training, however, it’s possible to make the F&I process smoother and friendlier for your customers.

These days, having an online presence is a must for any business, including auto dealerships. Many customers start their car shopping experience online before they ever set foot in a dealership. Because of this, not embracing the online experience — from online review sites to social media and maintaining an attractive and updated website — is a huge mistake.

One potential way to reach out to customers online is by starting a car dealership blog. Although this may seem daunting at first, once you get it rolling, you’ll find that it’s a fun and effective way to communicate with new as well as current customers.

Once a customer drives away in their brand new vehicle, how can a dealership bring them back before it’s time for a new one? Maintenance, of course!

But what’s the best way to convince customers that dealer maintenance stands heads above getting their car serviced or repaired by their local mechanic?

In order to successfully continue their relationship with customers once the sale is complete, dealerships need to highlight their complimentary maintenance programs, educate customers about the need to use certified technicians to work on their vehicles, and put a hard focus on customer satisfaction.

Every auto dealership wants to sell vehicles, but they should also focus on servicing and maintaining them. Service and maintenance is a profit generator, but it also serves a more important purpose: building a relationship with customers that results in them coming back to purchase future vehicles.

Director, Zaher SalehNEW YORK, June 23, 2017 /PRNewswire/ -- We Are One+Together launches the Mr. Gay Syria initiative to secure asylum for the Mr. Gay Syria contestants, including financing legal aid, generating political and public support.

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Hyundai's Dean Evans Named One Of The World's Most Influential Chief Marketing Officers By ForbesFOUNTAIN VALLEY, Calif., June 23, 2017 /PRNewswire/ -- Dean Evans, the chief marketing officer (CMO) for Hyundai Motor America, was selected as one of The World's Most Influenti

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Research and Markets LogoDUBLIN, June 23, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Automotive Timing Belt Market 2017-2021" report to their offering.

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Subaru of America, Inc. continues its partnership with PFLAG National to make school environments safe for LGBTQ YouthCHERRY HILL, N.J., June 23, 2017 /PRNewswire/ -- Subaru of America, Inc.

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NORDHAUSEN, Allemagne, June 23, 2017 /PRNewswire/ -- La transaction donne lieu à la naissance d'un fabricant leader sur le plan mondial de vilebrequins, avec des activités de production en Europe, en Asie et aux États-Unis d'Amérique.   FEUER powertrain, un équipementier indépendan...

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