Posts Tagged ‘Automotive Press Association’

CAR Study: Autonomous Revolution Coming Slower than Expected

Public's interest in EVs is much strong than self-driving cars.

by on Feb.26, 2018

A new study from the Center for Automotive Research shows that consumers are more interested in EVs that self-driving cars.

Despite all the new truck, sport utility vehicle and crossover vehicles launched at last month’s North American International Auto Show, presentations from carmakers also focused on the future of connected and autonomous vehicle technologies, new mobility service models, and advanced powertrain solutions, according to a new study from the Center for Automotive Research noted.

“Automakers are making big bets and hope they will pay off. Ford Chairman Bill Ford summed up the divide when he announced his company’s $11 billion investment in EVs in January 2018, “… we’re all in now. The only question is will the customers be there with us, and we think they will,” noted the CAR study, which was released last week at a meeting to the Automotive Press Association in Detroit.

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Meanwhile the U.S. automotive industry is in the midst of a critical period. Light vehicle sales are plateauing at a very high level and include a rich mix of pickups, SUVs and CUVs that are producing record profits. (more…)

Toyota’s Hollis Expects Solid Sales in 2018

Automaker expects new Camry to lead the way to good year.

by on Dec.05, 2017

Toyota executive Jack Hollis told the Automotive Press Association that the company expects U.S. new vehicle sales to exceed 16.5 million in 2018.

Toyota expects 2018 to be another strong year as industry sales once again exceed hit 16.5 million units or better, Jack Hollis, group vice president and general manager of the Toyota Division at Toyota Motor North America, told the Automotive Press Association.

Hollis cited several factors contributing to the continuing strength of car sales in the U.S., including a healthy U.S. economy, continuing job and wage growth, low fuel prices and improvement in consumer confidence.

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“It might not be a record but still good strong pace,” Hollis said during in his speech during the APA meeting in Detroit. (more…)

Dealers Keep New Car Prices Down, NADA Chair Says

Carlson says regulations, recalls add $600 to vehicle prices.

by on Oct.06, 2016

NADA Chairman Jeff Carlson told the Automotive Press Association in Detroit that federal regulation amounts to a $600 tax on a new car.

Federal regulation of everything from financing and fuel-economy to the handling of recalls amount to the equivalent of a tax on consumers, Jeff Carlson, chairman of the National Automobile Dealers Association, said during an appearance in Detroit.

Carlson is president of Glenwood Springs Ford and Glenwood Springs Subaru in Glenwood Springs, Colorado, and Summit Ford in Silverthorne, Colorado, said rules set down by the federal Consumer Financing Protection Bureau, one of the NADA’s top target, added up to $600 to the price of a new vehicle.

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“Washington doesn’t always understand the unintended consequences of their actions,” Carlson said during a meeting of the Automotive Press Association in Detroit. (more…)

Millennials Interest in New Vehicles Rises with Technology Available

Self-driving cars appealing to younger drivers.

by on Apr.28, 2016

Self-driving vehicles may improve the mobility of baby boomers some day, if they learn to trust the vehicles.

While self-driving cars are expected to increase the mobility of aging baby boomers, but they are still skeptical about the technology that piloting those vehicles. Conversely, younger drivers are seemingly enthralled by the possibilities the cars represent, a new study finds.

Gen Y or “Millennials” between the ages of 21 and 34 and younger Gen Z, which is just getting driver’s licenses, have substantially more interest in automated driving, according to the 2016 edition of the Tech Choice Study that J.D. Power presented to the Automotive Press Association in Detroit.

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“You often hear that younger people aren’t interested in driving. Maybe it’s just the Millennials don’t have the baggage about driving that Baby Boomers do,” said Kristin Kolodge, director of driver interaction and HMI at J.D. Power who supervised the study. “The just have a fresh perspective,” she said. (more…)

Safety Advocates Kick Off “My Car Does What?” Campaign

Program helps drivers better understand new safety technology.

by on Mar.02, 2016

Consumers are demanding new collision avoidance technologies, but often don't know how they work.

The Chicago-based National Safety Council is teaming with vehicle licensing bureaus across the United States to educate consumers about new safety technology such as systems that alert drivers when another car has crept into their blind spot or the application of anti-lock brakes.

Deborah Hersman, president and CEO of the National Safety Council, who is spearheading the council’s “My Car Does What?” campaign, told the Automotive Press Association, that the new technology has the potential to make driving safer, but many motorists are unsure or unfamiliar with it.

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The effort is necessary because the new safety technology, everything from back-up cameras, which give drivers a view of the rear of the car on the center-stack console, to lane keeping assistance that alerts drivers if they drift out of their lane to forward collision warnings are being introduced on a growing array of vehicles. (more…)

Auto Sales Boom Has Legs, Analyst Claims

Sales could hit 20 million units in 2018.

by on Jun.04, 2015

Sales are booming in the U.S. auto industry. They are being led, in part, by small and medium crossover vehicles, like the Buick Encore.

Ever since the end of Great Recession in 2009, the U.S. economy has struggled to regain momentum; however, change may be on the horizon, according to one auto analyst.

John Murphy, the lead automotive analyst for Bank of America Merrill Lynch, told the Automotive Press Association in Detroit that the indicators suggest that the 17.7 million seasonally adjusted annual sales rate in May was another indicator that the car business was very healthy and the annual Car Wars forecast that sales could reach as 20 million units in the U.S. by 2018 is accurate.

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“If anything we might be a little on the low side,” he said. (more…)

Lexus Trying to Tie a Red Bow on 300,000 in 2014 Sales

Luxury brand celebrating 25th anniversary.

by on Nov.25, 2014

Jeff Bracken, head of Lexus, said the brand would sell 300,000 units in the U.S. this year.

Just weeks after suggesting Lexus would sell more than 300,000 vehicles this year, the brand’s top executive revealed how it will make that number: it’s launching its annual, year-end sales drive, which made December into one of the most, if not the most important months on the auto industry’s marketing calendar.

Through October, Lexus has seen its sales increase 14.3%, outpacing the growth of other luxury nameplates in a strong market. Jeff Bracken, the head of the Lexus Division, told the Automotive Press Association in Detroit that Lexus will kick off its annual sales drive next week. But he also noted that rivals such as BMW and Mercedes-Benz have copied Lexus sales tactics.

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“We thought we owned the red bow,” said Bracken. “But now I’m not so sure.” (more…)

TrueCar’s Krafcik Suggests VW, Fiat Chrysler Merge

by on Nov.05, 2014

TrueCar's John Krafcik today suggested that a merger between VW and Fiat Chrysler would produce a "well-balanced" and "highly profitable" carmaker.

A new analysis from TrueCar suggests that Fiat Chrysler and Volkswagen are a natural fit for each other, if they were to partner up.

TrueCar President John Krafcik said during an appearance at the Automotive Press Association in Detroit today that if the two companies were to merge, it would be “well-balanced” and “highly profitable.”

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“This is an absolutely brilliant combination,” Krafcik said. “For sure, these two companies have a natural attraction to each other.” (more…)

Millennials Reshape the Car Buying Process

The American love affair with cars is downsized, not dead, finds new survey.

by on Aug.12, 2014

Despite reports to the contrary, millennials love cars, but when, what and how they buy them is different than earlier generations.

Reports of the death of the American love affair with cars have been greatly exaggerated, especially when it comes to young Millennial buyers, according to a new report – but what Gen Y wants, and how they go car shopping, is very different from prior generations.

Young shoppers, often saddled with debt, are looking for smaller, cheaper vehicles – and they’re far more likely to do their research online, often with their smartphones, according to new research by AutoTrader, the parent company of several major automotive web services.

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“You hear a lot that this generation doesn’t care about cars,” said Isabelle Helms, AutoTrader’s vice president of research, during an appearance at the Detroit Automotive Press Association. “They do care about cars.” (more…)

Fisker Automotive Wants Treasury Funding

It wants to plug into taxpayer funds to develop a smaller car.

by on May.13, 2009

Before delivering one hybrid car, a new one is promised. Is that a plug-in hype-bred.

Before delivering one hybrid car, a new one is promised. Is that a plug-in hype-brid?

Henrik Fisker, the founder and chief executive officer of Fisker Automotive, said his fledgling auto company could have a smaller, less expensive vehicle with broad appeal ready for market within 29 months if it succeeds in obtaining funding from the U.S. Department of Energy.

Fisker Automotive is one of the companies vying for funding under a special Department of Energy loan program approved in 2007 designed to help carmakers improve fuel economy. The program is separate from the federal bailout of GM and Chrysler and has attracted the interest of several carmakers and battery makers. It has also attracted a number of unproven start-up companies with little or no auto experience.

The upheaval in the car business now unfolding represents “the most dramatic change in the history of cars,” Fisker said following an appearance at the Automotive Press Association in Detroit.

“It’s the first time in 30 or 40 years where new start-up car companies have a real chance. They really haven’t had any chance in the last 30 or 40 years because they would just come up with another gasoline-powered car and nobody needs that,” said Fisker, whose firm is preparing to launch a new plug-in hybrid in early 2010.  (more…)

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