Hear from – and Meet – Top OEM Purchasing Executives at Purchasing Summit
The SAA and OESA, in partnership with Plante Moran, will present the 12th Annual OEM Purchasing Executives Summit on May 25, 2021. The event is sponsored by Nexteer.
This online event features the reveal of the 2021 North American Automotive OEM-Supplier Working Relations Index® (WRI®) Study along with reactions by GM, Ford, Stellantis, Toyota, Nissan and Honda purchasing executives.
The WRI® study is a comprehensive annual survey of working relations between Tier 1 suppliers and their OEM customers from the supplier’s perspective. The study, in its 21st year, collects and analyzes the opinions of more than 700 N.A. supplier executives, representing 75 of the top 100 N.A. suppliers as well as the smallest of the direct, first-tier suppliers. Following the presentations, you will have the opportunity to sign up to talk privately via “Pheedloop Chats” with OEM executives and members of their staffs.
New Immigration Policies and Their Impacts on the Automotive Talent Base
Following the implementation of the United States-Mexico-Canada Agreement (USMCA) and the changes to immigration policy brought by the Biden Administration, this SAA event on May 12 will provide an overview of the U.S. and Canadian immigration policies and the impact to companies on recruiting and retaining their foreign workers.
Latest SAA Industry Insights Video Examines State of the Industry
The latest video in SAA's Industry Insights Series features Mike Wall of IHS Markit. Watch to hear Mike's current outlook for the U.S. and global automotive industry.
Ann Marie Uetz Joins SAA’s Board of Directors
Ann Marie Uetz was recently voted in as the latest addition to SAA Board of Directors. Uetz is a partner and trial attorney with Foley & Lardner LLP, and is Vice Chair of the firm’s national Litigation Department. Practicing for nearly three decades, she represents upper and middle market businesses in their contracts and business disputes, as well as debtors, creditors and secured and unsecured lenders in all facets of financing and restructuring.
Auto-Recall Attention Turns to Integrated Electronics
Source: Ward’s Auto
In the world of automotive recalls, software defects are declining and attention is turning to integrated electrical components. The latter represent an increasing proportion of potentially faulty components, according to Stout, a company that tracks auto recalls.
April New Vehicle Sales Come in As Expected with Triple-Digit Increases
Source: The Detroit Bureau
New vehicle sales soared in April as carmakers reporting monthly sales figures today revealed triple-digit sales increases for the month, reflecting the sharp rebound from the dismal showing a year ago when the pandemic shuttered dealerships across the country. Toyota, Honda, Subaru, Hyundai, Kia and Volvo all reported big jumps in sales.
Global Auto Demand Tracker Added to SAA’s Website
IHS Markit’s new Global Auto Demand Tracker allows you to measure and analyze market performance starting on day-one following the close of the previous demand. The new tracker is the latest feature on the SAA website. HIS presented a Lunch & Learn on April 28 that discussed the Tracker in detail. Click here to view the presentation.
Forecasted Jump in April Auto Sales Gets Second Confirmation
Source: The Detroit Bureau
There will be an explosion of sorts when carmakers report final sales numbers for the month. Not all carmakers report month-by-month sales numbers but TrueCar, the service that helps consumers find the right car, is predicting that retail sales jumped 95% from the depressed levels reported for April of 2020 when many jurisdictions were locked in effort to halt the spread of COVID-19.
U.S. Inventory: How Low Can It Go?
Source: LMC Automotive
There is no denying that Light Vehicle sales in the US and Canada were red hot in March, with volume across the entire region up by 61% year-on-year in March. At 18 million units, the US recorded the highest seasonally adjusted annualized rate on record for the month of March. While this is a welcome trend and a signal that the recovery from the pandemic lows is in full swing, it is met with the harsh reality that Light Vehicle supply cannot keep up. This collision course is sure to define the state of the auto industry in 2021.
Don't Repeat Mistakes That Led to the Microchip Shortage
Source: Plante Moran
The great microchip crunch that has squeezed the auto industry should be mostly over by the middle of this year. But carmakers shouldn't be so quick to forget the crisis' lessons: Not only will there be a next time, but that next time will likely be worse.
GM President Reuss Says Chip Shortage is 'Worst' Auto Supply Issue Ever as Sale Prices Rise
Source: Fox Business
Relief for the semiconductor shortage that’s been hampering global automotive production may be farther off than first hoped. Automakers had been hoping for normalization of supplies starting this summer, but a poll of 100 industry professionals by GlobalData found that 47% think the shortages will stretch to the end of the year while 32% expect them to continue into 2022
Supplier Alert: Key Changes in Ford’s New Terms and Conditions
Source: Foley & Lardner
For the first time since 2004, Ford Motor Company has issued an update to its Production Purchasing Global Terms and Conditions. Ford’s updated Terms will become effective July 1, 2021. Suppliers to Ford must carefully consider the changes and differences from prior versions of these Terms in order to understand the implications for their businesses. Suppliers also should think strategically about how they will respond to the Terms that Ford now seeks to impose. Foley & Lardner LLP prepared an analysis to help suppliers navigate these changes by not only identifying the most significant provisions and changes, but also explaining the possible implications and recommending strategic responses that suppliers should consider.
Click here to view a PDF of the analysis. If you have any questions regarding its content or how these changes may affect your business, please contact Vanessa Miller at firstname.lastname@example.org or R.J. McVeigh at email@example.com.
Daimler Sees Mercedes Margins Surging to Highest in Years
Daimler AG forecast that its main Mercedes-Benz unit will be more profitable than it’s been in years thanks to resurgent vehicle demand in the midst of the global pandemic. The world’s biggest luxury-vehicle maker said it expects a 10% to 12% annual return on sales for its cars and vans division, raising its forecast from 8% to 10%.
Why You Should Buy Ford Stock
Shares of Ford recently had their one-year anniversary of the current rally’s starting point. This is the first consistent march north in years and marks a new departure for the automobile stalwart, whose shares for so long looked consigned to the dust heap of history.
Cyber Security Risk Report Examines Balancing Risk and Opportunity Through Better Decisions
Aon’s 2021 Cyber Security Risk Report is designed to help organizations evaluate their cyber risk maturity, make more informed decisions around their cyber budget and develop steps to close cyber risk and security gaps.
Underpinned by proprietary data insights from Aon’s cyber risk self-assessment tool, CyQu, and expert insights, the report focuses on the cyber risk preparedness of organizations across four key themes and demonstrates potential gaps, opportunities and where organizations should prioritize their cyber budget.
Now is a Great Time to Sell Your Old Car. Used Car Sales are Soaring
With the auto industry thrown into disarray by shortages of computer chips and other components needed to build cars and trucks, shoppers are regularly paying nearly full sticker price for new vehicles. Thinning supplies of factory-fresh new cars have also made it difficult for some shoppers to find the new vehicle they want with the paint color and options they're looking.
Auto Sales Rebounding: Honda Sees Several Models Flying Off Lots in April
Source: Columbus Business First
Honda SUVs and light trucks — and even its cars — combined to give the brand its best April ever. The Japanese automaker reported monthly sales of 156,452 vehicles, a 171% increase from April 2020 when the industry was hitting its Covid-19 pandemic-challenged low point.