Webinar: Candid Industry Perspectives from Reid Bigland
Join the SAA on July 21 for a webinar featuring former FCA executive Reid Bigland who will share his candid industry insights on the following:
- Automotive environment both pre-and-post COVID-19
- Challenges for OEMs going forward due to COVID-19
- The Electrification Conundrum – who really wants these things, Governments or the Consumer?
Reid is a dynamic speaker and thinker who quickly climbed the ranks of FCA. Reid joined FCA in 1997 and in his 23-year career held a variety of senior management positions. Most recently Reid was Chairman, President and CEO of FCA Canada, Global Head of Ram Brand and Head of US Sales. Throughout his career he also led the Global Dodge, Alfa Romeo and Maserati organizations and was an original member of FCA’s Group Executive Council (GEC), the highest management-level decision-making body at FCA, which he remained a part of until his retirement in April 2020.
Attend the Next Two SAA Webinars at No Cost! Take Advantage of SAA’s Discounted Membership Offer for New or Renewing Members
Thinking about joining the SAA? Or looking to renew your membership? Now is the time with a new discounted membership offer. But act fast as this is a limited-time offer.
For only $99, you will receive:
- One-year of SAA membership (normally $150)
- SAA membership provides discounted registration fees to webinars and meetings, and access to members-only content on the SAA website including the organization’s membership directory and past presentations.
- Complimentary registration to SAA’s next two webinars ($78 value)
- July 21 – Candid Industry Perspectives from Former FCA Executive Reid Bigland
- August 18 – Forecast Panel
This special offer expires August 14, 2020.
New-Car Sales Fall for Second Consecutive Quarter in U.S.
Source: Car and Driver
Most automakers have shifted to a quarterly release of U.S. new-vehicle sales data, but if they were hoping to limit the number of bad headlines during the COVID-19 crisis, perhaps a biannual or even biennial release schedule would be better. When automakers reported 2020's first-quarter sales in early April, one optimistic message at the time was that we would have to wait until second-quarter numbers were released to get a better handle on the coronavirus's true impact on the industry. Well, the second quarter is here, and the verdict is in: this thing is real, but the hard decline of April was mitigated by two months, May and June, that weren't quite as bad.
COVID-19 Automotive Sector Impact Report
Access LMC Automotive’s latest Impact Report to view data and insights as the COVID-19 pandemic continues to impact the Global Light Vehicle market, helping you to remain a step ahead.
Auto Supplier Working Relations: Top 10 Takeaways from the 2020 WRI® Study
Business continuity challenges, much like the impact of the COVID-19 pandemic, remind us how crucial flexibility, resilience, and preparedness are to the supply chain. Those key factors are built on strong working relations between the customer and the supplier. The North American Automotive OEM-Supplier Working Relations Index® (WRI®) Study surveyed 840 suppliers and six OEMs and analyzed the extensive data to measure the degree of trust between suppliers and their customers.
The Near Term for Self-Driving Vehicles? More Delivery Duty, Less Rideshare Duty
Source: Motor Trend
Volkswagen has finally made its long-expected investment in Argo AI, the autonomous vehicle startup owned by Ford. General Motors' Cruise has shown us the Origin, a six-passenger robotaxi. And Waymo continues to lead the field in the pursuit of driverless vehicles manning the roads in the future. However, while most autonomous vehicle startups and their automaker partners have focused on rideshare, there is a more compelling case to focus first on fleets of self-driving delivery vehicles, says auto analyst Colin Langan.
Toyota Named ‘Most Preferred Customer’ in Supplier Relations Study
Source: Napleton News
Plante Moran released the 20th Annual North American Automotive OEM – Supplier Working Relations Index Study. Results from the report showed that Toyota gained nine points over its 2019 score and was the top performer in all 22 variables on the Working Relations Index. Fiat Chrysler Automobiles (FCA) also made significant improvements by earning 10 more points compared to last year, but the auto manufacturer still lags far behind in fifth place.
IHS Markit Forecasts a 22.8% Contraction in U.S. Light Vehicle Sales in 2020
The COVID-19 pandemic has not discriminated in rendering unparalleled economic distress around the world. The automotive industry is currently facing one of the most significant disruptions in history. IHS Markit's forecast of a 22.8% contraction in U.S. light vehicle sales in 2020 rivals, or exceeds, the most severe single-year sales contraction since before World War II.
With the goal of mitigating this uncertainty, IHS Markit is announcing a thought leadership series focused on COVID-19 and its aftermath. Specifically, IHS Markit will publish three unique insight pieces providing research and perspectives into how the U.S. new and used vehicle ecosystems have already evolved from their pre-COVID-19 days, and, more importantly, what the more settled post-COVID-19 world, when it does arrive, will look like.
Car-Buying Demand Remained 'Robust' in June Despite Pandemic
Source: Auto Blog
Major automakers posted lower U.S. monthly or quarterly new vehicle sales due in large part to weak fleet orders but said consumer demand remained robust despite the ongoing coronavirus pandemic.
Slumping Fleet Sales Weigh on U.S. Auto Market
Source: Business Insider
Collapsing demand from rental car companies, corporations and government agencies has sapped U.S. auto sales during the coronavirus pandemic and a recovery will likely be slow, threatening auto workers whose jobs depend on fleet sales. Weak fleet orders are expected to hurt June sales, which automakers will report on Wednesday. Cox Automotive forecasts fleet sales will fall nearly 56% to 1.3 million vehicles after plunging 83% in May and 77% in April.
Foreign Auto Industry Outlook: Multiple Headwinds Prevail
Source: Yahoo Finance
The foreign automotive industry, being consumer cyclical, is dependent on business cycle and economic conditions. The industry is in disarray amid weak vehicle demand and falling consumer confidence due to coronavirus woes.
It's Already Been a Rough Year for Automakers — and That Was Before USMCA
Source: NBC News
It’s been a challenging year for the auto industry, with plunging sales, factory shutdowns and the cancellation of the auto shows that help drive sales. Now, add the July 1 start of the USMCA, the replacement for the North American Free Trade Agreement.
California Shakes Up Auto Industry, Says All Vans and Trucks Must be Electric by 2024
Source: Yahoo News
California regulators have approved new rules that would see a massive shift from conventional gas and diesel trucks and vans to ones powered by batteries and zero-emission hydrogen fuel cells. The first-of-their-kind guidelines, which take effect in 2024, cover a broad range of truck segments, from medium-duty models up to the "big rigs" that move vast amount of goods throughout California and across the country.
Driver Free but Virus Free? Robo Cars Hit New Speed Bump
Source: ABC News
Note: This article was driven by SAA’s June 16 webinar featuring Waymo
The latest challenge for the autonomous vehicle industry: How to assure passengers that the car they are getting in is virus free, even if it doesn't have a driver. Widespread use of autonomous vehicles already had been delayed by a March 2018 fatal crash involving an Uber test vehicle in Tempe, Arizona, forcing the industry to pause to make sure its vehicles are safe.
Optimistic BOFA “Car Wars” Report Released: The Force Will Return After the CV-19 Dark Side Lifts
Source: National Law Review
Decorated lead automotive analyst John Murphy at Bank of America Merrill Lynch recently unveiled the 2020 edition of his much anticipated “Car Wars” report. The of Car Wars is simple: for automakers, a faster product replacement rate leads to a fresher overall showroom age which drives market share, profitability and ultimately share price.