Posts Tagged ‘CAR Group’

Analysts: Expect Moderate Auto Sales Growth

Economic woes continue to keep shoppers from buying new cars.

by on Mar.30, 2011

CAR's Sean McAlinden, left, and Canadian auto analyst Dennis DesRosiers answer questions about the state of the U.S. auto industry.

While some still hold out for huge buildup in auto sales, a pair of analysts said they believe the recovery will be moderate and steady through most of the current decade.

Speaking at the Center for Automotive Research’s Road to Renewal II conference in Dearborn, Canadian auto analyst Dennis DesRosiers said many consumers remain skeptical about buying a new car as the economy continues to come back from the worst recession since the Great Depression of the 1930s.

“It’s hard to sign up for a new vehicle when you see the value of your house going down every year,” DesRosiers said.

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Sean McAlinden, CAR’s executive vice president of research and chief economist, agreed that sales growth will be moderate. He projected 13.4 million vehicle sales in 2011, rising to 14.4 million in 2013 and 14.9 million in 2014. Then again, DesRosiers said he made his projections before the current crisis in Japan where the recent earthquake and tsunami threaten to stop production at auto plants all around the world.


Study: U.S. Aid to Auto Industry Saved 1 Million Jobs

Assistance saved nearly $100 million in personal income.

by on Nov.30, 2010

Government assistance to General Motors and Chrysler enabled orderly bankruptcy proceedings and led to the saving of more than 1.14 million jobs in 2009 alone, according to a recently released study by an automotive think tank.

The study, by the Ann Arbor-based Center for Automotive Research, estimated that an additional 314,400 jobs was saved in 2010. The government help save $96.5 billion in potential personal income losses and allowed $28.6 billion in social security and personal income taxes to be paid to the federal government.

At the time of the bailout, some pundits, and even some lawmakers, suggested that Chrysler and GM didn’t deserve the government’s help. Some even suggested that the bailout was a waste of government money.


CAR President Assumes Chairman’s Role; David Cole retires

New leader wants auto think tank to grow by 25 percent.

by on Oct.01, 2010

CAR President and CEO Jay Baron has added the title of chairman.

Just as the auto industry is at a crossroads, so is one its major think tanks, the Center for Automotive Research.

Now, CAR will move forward with a new leader. CAR President and CEO Jay Baron will take on the the role of chairman, replacing the organization’s long-time leader, David Cole, who is now chairman emeritus. He said that the industry needs the research and direction that CAR provides.

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“We are facing one of the greatest technological challenges every thrust upon an industry – to improve fuel economy,” Baron said.

He said that his plan is to grow the organization by as much as 25 percent so it can answer difficult questions such as what green jobs will look like in the future, whether Washington is making the right policy decisions for cars, how much will people pay for fuel economy, how to address safety and others.

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