This morning in Argentina, President Trump was joined by the presidents of Mexico and Canada in the signing of an update to the North American Free Trade Agreement. With approximately 4 million vehicles built in Canada and Mexico sold in…
Below are some comments from Michelle Krebs around the announcement of Dan Ammann leaving his role as President of GM and moving onto leading Cruise as CEO. If you have any questions or would like to speak to one of…
It’s Monday, and L.A. Auto Show media-preview week. The news has already begun, with General Motors this morning confirming major production moves and staff reductions, with multiple plant closings impacting upwards of 6,000 workers. Salary workforce reductions in the 15…
At a press conference in Japan today, Nissan Motor Company announced that its Chief Executive Officer Hiroto Saikawa has moved to dismiss Carlos Ghosn from his positions as Chairman and Representative Director of the company. Ghosn, a former CEO of…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.72 percent month-over-month in October. This brought the Manheim Used Vehicle Value Index to 140.9, a 3.4 percent increase from a year ago and a record high…
The October 2018 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Several states…
Consumers are following several trends/current events that negatively impact their purchasing power, including rising gas prices, rising interest rates, and new proposed tariffs on imported vehicles and parts. Of those three, gas prices garner the most attention (87 percent), interest…
As widely expected, today in Washington D.C the Trump Administration and the EPA put forth a proposal to roll-back Obama-era fuel economy and emission standards for automobiles. The White House proposal essentially freezes fuel economy standards at 2020 levels and…
This article was originally published in The Hill on July 20, 2018: https://thehill.com/blogs/pundits-blog/economy-budget/342969-a-dubious-doomsday-scenario-subprime-auto-lending-wont A persistent automotive doomsday thesis that continues to have favor with some in the media and on Wall Street is that subprime auto loans are booming and…
Tomorrow in Washington D.C., the U.S. Department of Commerce is scheduled to hold public hearings as part of their Section 232 investigation into the effects of imported automobiles and automobile parts. A range of witnesses from across the automotive industry…
