U.S. New Vehicle Sales Rise in November
Consumers seem to have figured out automakers are prepared to offer their best deals during the industry’s year-end marketing push, which now begins before the Thanksgiving holidays as manufacturers reporting November sales reported solid gains. American Honda sets new November sales records for total vehicles (up 11.1%) and trucks (up 18.2%) and Acura brand increased 3.1%, with record November truck sales.
Save the Date: Automotive Outlook to be Held on Jan. 21, 2020
SAA’s annual kickoff event – the Automotive Outlook Conference – will be held at the Mint in Southfield, MI on Jan. 21, 2020. Watch your email and the SAA website for more info.
Nissan-Infiniti: Another Double-Digit Decline
Nissan Group's U.S. sales continue to slump as a difficult year, marked by a strategic shift away from fleet business and heavy discounting, enters its final month. Combined Nissan and Infiniti U.S. deliveries fell 16 percent from a year earlier to 92,947 in November.
Germany Crisis: Car Blow as 50,000 Jobs at Risk in ‘Biggest Crisis Since Invention of Car’
The German car industry is facing disaster with up to 50,000 jobs under threat or expected to be lost before the end of the year in what has been described as the “biggest crisis since the invention of the automobile.”
Crunching Numbers: How the China-U.S. Trade War Could Trigger a Chain Reaction in the U.S. Automotive Industry
41,600 employees laid off. That is the confirmed layoff number of the U.S. motor vehicles and parts manufacturing in a month between September and October according to current employment statistics. As one of the major industries in terms of economic scale and employment, the automotive industry in the U.S. has been experiencing a complex situation due to costs rising, sales slowing, emissions curbed, policies changing and the era of electric vehicles which is set to come.
Elon Musk Broke a Window, But Can He Fix the Auto Industry?
Last week, Elon Musk revealed the CyberTruck and immediately it felt like we have seen this vehicle before. And not just the looks of it: we've previously heard similar claims about future performance, longevity, and the "in your face" attitude towards the car industry. The stainless steel finish, sharp angles, and the "unbreakable" windows all have a familiar ring. Where have we seen this before?
FBI Warns of Cyber Attacks Targeting U.S. Automotive Industry
The U.S. Federal Bureau of Investigation (FBI) Cyber Division warned private industry partners of incoming cyber attacks against the US automotive industry targeting sensitive corporate and enterprise data.
Artificial Intelligence is Enhancing the Auto Industry Across the Board
Artificial intelligence (AI) and intelligent technologies in general are inseparable in our daily lives and because of this broad spectrum, AI is often referred to as general purpose technology. It may take time until steering wheels and pedals are no longer necessary, but AI already plays a significant role in so many other contexts within the automotive sector. From production planning to design and development and from logistics to sales, nearly every aspect of car manufacturing and distribution is or will be enhanced in the mid- and long-term through the use of AI.
November 2019 Average New-Vehicle Prices Up Only 1% Year-Over-Year on Growing Discounts and Incentives
The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $38,393 in November 2019. New-vehicle prices increased $387 (up 1%) from November 2018, while climbing $106 (up 0.3%) from last month.
SAA’s Third Quarter Industry Insights Reviews Innovation
Industry Insights is a new quarterly video series that features industry thought leaders providing compelling perspectives on what lays ahead for our sector. Our Third Quarter video features automotive industry experts from DuckerFrontier. (video produced by Media Genesis)
To view the video, go to www.SAAauto.com.
Automotive Suppliers Plying Turbulent Waters
Automotive suppliers face a range of challenges from uncertainty over regulations and tariffs to a softening global economy and broad technological changes with no fixed timetable that make it difficult to make even an educated guess on what’s going to happen next.
Global Car Sales Expected to Slide by 3.1 Million This Year in Steepest Drop Since Great Recession
Car sales around the world are expected to see their steepest year-over-year decline in 2019 since the financial crisis as consumer demand from the U.S. to China softens. Global car sales are expected to fall by about 3.1 million in 2019, a bigger drop than in 2008, Fitch Ratings economics said.