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  • 27 Dec 2011 2:05 PM | Anonymous
    U.S. auto sales in December are expected to top 13 million on an annual rate for the fourth consecutive month, indicating uncertainty about the economy has not slowed the industry down, J.D. Power and Associates and LMC Automotive said on Thursday. They forecast the annual selling rate for new cars in December at 13.4 million, up from 12.5 million in December 2010. "For the third straight time, light-vehicle sales are posting strong selling rates at the close of the year," LMC Senior Vice President Jeff Schuster said in a statement.
    Source: Reuters

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  • 27 Dec 2011 2:01 PM | Anonymous
    Rising employment, better credit availability, new products and urgency to replace aging vehicles will drive U.S. auto sales higher in 2012, forecasters say. Paul Taylor, chief economist for the National Automobile Dealers Association, says that if European sales falter, U.S. shoppers could benefit. "German automakers will target the U.S. market to sop up excess capacity," Taylor said. For the same reason, he said, Asian automakers would boost shipments to North America, probably triggering higher incentives and sales.
    Source: Automotive News

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  • 12 Oct 2011 2:33 PM | Anonymous
    FOR IMMEDIATE RELEASE                Contact:   Andi Fouberg (202) 228-5381
    October 6, 2011                                                AshLee Strong (202) 228-5940
    Thune Moves to Block NLRB 
    Mandate on Job Creators
    WASHINGTON, D.C.—Senator John Thune introduced a bill (S. 1666) today that would prohibit the National Labor Relations Board (NLRB) from requiring employers to post a notice about how to establish a union.

    “This is yet another example of a federal overreach by this administration that benefits their special interest allies at the expense of American businesses currently struggling to create jobs,” said Thune. “This administration is making a habit of using regulatory policies to strengthen unions and harm the economy. In these difficult times, the last thing government should be doing is putting road blocks in front of American businesses as they attempt to do their part to turn our economy around and create jobs.”

    The NLRB rule was set to take effect on November 14th, however
    yesterday the date was extended to January 31st. In the meantime, the U.S. District Court for the District of Columbia is set to hear arguments in the lawsuits that several business groups have filed against the NLRB challenging the agency’s authority to issue the regulation. A decision is expected before the new effective date. 

    The final notice posting regulation came on August 25th, just days before the NLRB decided three cases that:
     
    • Overturn precedent and increase unionization efforts at the expense of workers and businesses;
    • Make it harder for workers to get rid of a union imposed on them against their wishes in the case of  company merger or when a company enters into a voluntary agreement with a union; and
    • Change what qualifies as a collective bargaining unit by allowing labor organizers to target smaller groups within an organization to form multiple smaller unions that will disrupt the workplace and drive up labor costs.

    These NLRB actions are in addition to an ongoing dispute with Boeing, Inc. over their new assembly plant in South Carolina being built in a right-to-work state.

    “It is clear that the Obama Administration’s burdensome regulatory activity and the NLRB’s pro-Big Labor agenda take precedence over job creation and policies that help economic recovery,” concluded Thune.
    ###


  • 12 Sep 2011 4:32 PM | Anonymous
    Recent storms have given used car buyers nationwide a new reason to be cautious. Vehicles damaged by floodwaters undefined as seen recently on the East Coast with hurricanes Irene and Lee, and earlier this year with record rains along the Mississippi undefined often turn up for sale within weeks. It’s not just a local problem either. Unscrupulous middlemen may knowingly buy the damaged cars from consumers or insurers and move them to other states to find unsuspecting buyers, warns Phil Reed, consumer advice editor for Edmunds.com.
    Source: The Wall Street Journal

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  • 22 Aug 2011 10:04 AM | Anonymous
    Analysts are reducing estimates for U.S. automobile sales for 2011 and 2012, citing weak consumer confidence that has slowed the pace of recovery since May. J.D. Power & Associates lowered its estimate for U.S. auto sales in 2011 by 300,000 light vehicles to 12.6 million, the Westlake Village, California-based researcher said [Thursday] in a statement. The reduction by J.D. Power follows analysts at IHS Automotive in cutting expectations below the sales forecasts given by General Motors Co. and Ford Motor Co., the largest U.S. automakers. “The thought of a second-half recovery is just not in the cards,” Jeff Schuster, J.D. Power’s executive director of global forecasting, said [Thursday] in a phone interview.
    Source: Bloomberg

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  • 15 Aug 2011 3:39 PM | Anonymous
    DETROIT (Bloomberg) -- Record-high prices for used luxury automobiles are driving more buyers to new-car lots.

    BMW AG's 2011 3-Series compacts and M3 sedans now cost $34 more a month than one-year-old used models, according to Edmunds.com. General Motors Co.'s Chevrolet Corvette is about $12 a month cheaper to buy new than used, the auto-pricing Web site says.

    There is an industrywide shortage of used cars in the U.S., the product of manufacturing cuts amid slumping sales the last three years. That means some people have effectively been priced out of the used-car market and into brand-new models. As many as 500,000 new vehicles by mid-2012 may have been sold to people who would have bought used, said economist Paul Ballew.



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  • 15 Aug 2011 11:21 AM | Anonymous
    The Federal Reserve’s announcement last week that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow. But many economists say it will take more than low interest rates to persuade consumers, a crucial driver of the nation’s economy, to take on more debt. Lenders, meanwhile, are still dealing with the effects of the boom-gone-bust and are forcing prospective borrowers to go to extraordinary lengths to prove their creditworthiness. Car shoppers with the highest credit ratings can also get loans more easily, and at lower rates, said Paul C. Taylor, chief economist of the National Automobile Dealers Association. During the recession, inability to obtain credit severely curtailed auto buying as lenders rejected even those with good credit. Now automakers are increasing their subprime lending again as well, but remain hesitant to approve large numbers of risky customers. According to CNW Marketing Research, confidence among those who intend to buy a car this year is at its lowest since it began collecting data on this measure in 2000.
    Source: The New York Times

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  • 15 Aug 2011 11:17 AM | Anonymous
    The used-vehicle supply pipeline has dried up immensely and according to analysis from NADA Used Car Guide, it will likely get even more challenging as the market is close to being three years out from the leasing erosion that started in late 2008. It likely also doesn’t help dealers of Japanese brands, in particular, that new-car production was backed up earlier this year and is only now getting back on track. So, asks Auto Remarketing, how did Honda dealers find the necessary inventory to hit a record for certified pre-owned sales last month? At Findlay Honda in Las Vegas, used-car manager Chuck Loubert said he approaches customers with CPO-worthy vehicles that come into the service lane. Another dealer, Albany Honda’s dealer principal Graham Edwards, still leans heavily on off-lease returns at his Georgia dealership. Secondly, he turns to trade-ins. “We fully utilize the Honda Financial lease-return website and try to reach out and purchase the lease returns that are being made available as a Honda dealer,” he told Auto Remarketing.

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  • 11 Aug 2011 4:52 PM | Anonymous
    DETROIT -- The U.S. Department of Energy today awarded more than $175 million in funding to support projects and research that accelerate the development of advanced vehicle technologies.
    The funding will support 40 projects across 15 states aimed ... >> story  Published: Aug 10 4:31 pm U.S. Eastern time

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  • 11 Aug 2011 4:51 PM | Anonymous
    Just a few years ago, John Pohlig might have hung up balloons and perhaps an inflatable gorilla outside this Honda dealership here to attract shoppers. Instead he's posting notes on Facebook and other social media sites. The effort is aimed at getting people to comment on what kind of car they're likely to drive on a vacation undefined and includes dangling the chance to win a free iPad in return for a "like" endorsement on Facebook. Four thousand "likes" later, and Scott Robinson Honda has a huge Facebook base. But can Pohlig, the dealer's marketing director, point to actual car sales from his activities? "No," he says. "But we're building relevance out there.
    Source: USA Today

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