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Ahead of AutoConference LA and press days at the 2015 Los Angeles Auto Show, Steven Szakaly, NADA chief economist, and Jonathan Banks, vice president of valuation and analytics for J.D. Power’s Used Car Guide division, will conduct a joint press briefing via conference call at 12 p.m. ET / 9 a.m. PT on Tuesday, Nov. 17, 2015.
Szakaly will provide NADA’s sales forecast for new cars and light trucks in 2016, identify the key economic trends that will influence auto retailing next year and recap 2015. NADA has forecast sales of nearly 17.2 million new light vehicles in 2015.
Banks will provide an analysis of both new- and used-vehicle market trends—including the effects of the Volkswagen diesel emissions situation—discuss the key economic conditions affecting the auto retailing industry, such as leasing and gasoline prices, as well as how the used-vehicle market is performing in the final quarter of 2015.
A Q&A session with members of the media and industry will follow the briefing. To register, visit www.nada.org/pressbriefing.
EPA Expands On-Road Emissions Testing
Concerned that cheating on vehicle emissions could be prevalent across the automobile industry, regulators in the United States and Canada are significantly expanding their on-the-road emissions tests to cover all makes and models of diesel cars. The tests, which come in the wake of Volkswagen’s admission that it installed software on more than 11 million cars to evade emissions standards, are being conducted randomly and in real-world conditions, rather than in traditional laboratory settings, to increase the odds of catching cheaters.
VW Board Meets to Discuss Deepening Emissions Crisis
Volkswagen Group’s supervisory board was meeting today to discuss the automaker’s emissions crisis, which has now widened after the company said it had understated the CO2 emissions of 800,000 cars sold in Europe. VW has said the CO2 disclosure will add about 2 billion euros ($2.15 billion) in financial risk to the 6.7 billion euros it already set aside to cover the fallout of an earlier admission that up to 11 million cars sold globally had software that could cheat tests for pollutants such as NOx. CEO Matthias Mueller told EU finance ministers on Friday that VW rather than motorists will pay any extra taxes incurred in countries where vehicle taxes are related to fuel usage or CO2 emissions, Reuters reported.
Source: Automotive News
GM Gives Shop-Click-Drive a Big Push
Ads stress online shopping tool’s pricing transparency
General Motors is rolling out the first marketing effort for its 2-year-old online shopping tool, Shop-Click-Drive, citing its success in attracting customers who want to handle as much of the car-buying process as possible outside the dealership. Chevrolet, Buick, GMC and Cadillac began running advertisements for Shop-Click-Drive this month, tied to the Black Friday sales promotion GM launched last week. The company is emphasizing not only online-shopping convenience but also pricing transparency: The Shop-Click-Drive interface shows shoppers current pricing, incentives and fees and even estimates trade-in values. About half of GM’s roughly 4,300 U.S. dealerships are using Shop-Click-Drive, which runs on individual dealerships’ websites.
Source: Automotive News