Pessimism in Automotive Business in the firm’s Dealer Sentiment Index can be tied to threats of higher tariffs, slower traffic, and declining profitability.
The index reading came in at 49, indicating dealers expecting conditions to be weak in the future outnumber those who think conditions will be strong. “The fourth quarter represented a notable negative turn in overall dealer sentiment and their outlook for the future,” said Cox Automotive Chief Economist Jonathan Smoke.
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Toyota was the brand least likely to need check engine repairs over the past year, edging out Acura and Hyundai, which rank No. 2 and No. 3 respectively. Mazda, which ranked second last year, is now the brand with the lowest average repair cost ($286), followed by Kia ($320), Dodge ($326) and Hyundai ($328). Honda and Toyota are the only two brands to rank in the top 10 on both lists. The 2016 Audi Q5 is least likely to need a check engine light-related repair. The 2017 Hyundai Tucson costs the least on average ($67) to repair when the light is on, with a loose gas cap or an improperly installed intake air duct the two most common reasons the Tucson’s check engine light illuminates. CarMD.com Corp. has released its 2018 CarMD Vehicle Health Index Make and Model Reliability Rankings.. Published annually since 2011, this Index analyzes check engine repairs and […]
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The National Automobile Dealers Association to Issue 2019 New-Vehicle Sales Forecast and Discuss the State of Auto Retailing at Briefing on Dec. 13 The National Automobile Dealers Association (NADA) will issue its 2019 sales forecast for U.S. new-cars and light trucks during a media/industry briefing via conference call at 2:30 p.m. ET on Thursday, Dec. 13, 2018. NADA Senior Economist Patrick Manzi will provide an outlook of the macroeconomic factors that will impact auto retailing next year, as well as highlight the key sales indicators and trends driving auto sales in 2018 and next year. NADA Chairman Wes Lutz, president of Extreme Dodge-Chrysler-Jeep-Ram in Jackson, Mich., will provide a dealer perspective on industry trends impacting auto sales from the view on Main Street, USA. The call-in number is 800.895.3361. The conference ID is NADA. A Q&A session with members of the media and industry will follow the briefing. Read the report […]
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Sedans Ranking in Used-Car Market / Sedans Get Second Chance in Used-Car Market Mid-size sedans such as the Mazda6 may have fallen out of favor among new-car buyers, but the off-lease volume and competitive in-vehicle technology, among other factors, have created compelling value in the pre-owned segment. (Bobit) — A glut of off-lease units and vanishing factory incentives are creating a value and affordability gap that is pushing more car buyers toward pre-owned units, experts say, and their interest extends to vehicle types that have fallen out of favor with new-car buyers and manufacturers. The latest reports from Black Book and Jumpstart Automotive Media (divs. Hearst) show value retention and website traffic trending up among sedans throughout 2018 — the same year in which a parade of sedans built by Ford, General Motors, and other manufacturers was given expiration dates as consumers continue to demonstrate a preference for SUVs, CUVs, […]
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Toyota Remains Very Bullish on the Overall Market says Toyota North America CEO, Jim Lentz. Toyota’s Lentz is still bullish, but concerned about ‘crazy’ trade implications DETROIT — The trade and tariff environment under U.S. President Donald Trump poses the greatest potential danger to the auto industry, says Toyota North America CEO Jim Lentz. While Toyota remains “very, very bullish” on the overall market, Lentz said “some crazy” potential implications from trade and Trump’s investigation into the national-security impact of car imports “could be devastating to the industry.” Trump’s tariffs on aluminum and steel under Section 232 of the Trade Expansion Act of 1962 have increased the Japanese automaker’s costs by 40 percent, he said. That’s despite more than 90 percent of its steel is sourced from the U.S. “Everybody is seeing cost-push on a per-unit basis of anywhere from $100 to $400, just on steel alone,” he said. ‘New’ NAFTA deal […]
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CNCDA: ‘Care by Volvo’ Violates Payment Packing, Franchise Rules Volvo’s two-year subscription program is under fire in California, where the head of the state’s new-car dealer association contends the program violates state laws against payment packing and dealer-factory competition. SACRAMENTO, Calif. — The California New Car Dealers Association has warned Volvo that the factory’s vehicle-subscription program could be in violation of several state laws and called for an immediate halt statewide. CNCDA President Brian Maas outlined the association’s concerns with “Care by Volvo” in a letter addressed to Volvo Cars USA CEO Anders Gustafsson. “In light of the understandable concerns of our Volvo dealer members, we ask that you immediately suspend the CbV program in California and work with your dealer partners to design a subscription program that strengthens your relationship with dealers and complies with California law,” Maas wrote, in part, requesting a response by Dec. 21. In the […]
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What Is Toyota Safety Sense? and what is the difference between Toyota Safety Sense Packages?
TSS is a combination of sensors around the vehicle, working together to provide the safety not just for the driver but for…
The 2020 Camry TRD and Avalon TRD – Northeast Ohio Auto Show. The 2020 Camry TRD and Avalon TRD will both be model year 2020 and available in fall 2019. These sedans are stylish and fun to drive, click to learn more!
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Private Label Car Detailing Products by Luxury Care Products LLC. PRIVATE LABEL AUTO CARE PRODUCTS by LUXURY CARE. We Manufacture Premium Car Care & Detailing Essentials: Buckets Clay Bars Car Duster Plastic Razor Blades CleanTools Absorber Heavy-Duty Degreaser Microfiber Towels & Cloths Headlight Cleaner & Sealant Wheel & Rim Cleaning Spray Tire Shine Gel and Applicator Detailing Bag & Trunk Organizer Microfiber CarWash & Hand Mitt Touchless Sealant (wax alternative) Auto Interior & Exterior Detailing Brush & Applicators And more … Who are the five auto giants investing in? The General Motors investment strategy for the past two decades has focused predominantly on autonomous vehicles. Out of their investment total sum of $338,710,000, almost half of that, $159,000,000, was spent in 2017 on Nauto Inc; a company that claims to be rethinking transportation safety by building a data platform for autonomous mobility that makes driving safer and fleets of vehicles […]
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Automotive Detailing Products Investment Opportunity With An Entrepreneur Luxury Care Products LLC. the new brand in the car care world, currently looking for investor(s) and car enthusiasts who want to partner up in the production of Auto Detailing Products. before we go over the details of this investment opportunity, let’s take a look at some numbers and recent reports: Automobile Detailing and even carwash industry are growing, especially in detailing field people are seeking for car detailers who can take care of their cars. nowadays people are too busy and have no time to clean up their car, especially interior cleaning. Let me add that, In the Auto detailing products industry, United States is one the best in the world, and consumers all around the world are searching for American products to clean up their cars, Motorcycles, Bikes, Boats you name it. This industry is a fast-growing business and […]
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