Administration Picks Alternative Fuel Winners and Losers
The Obama administration is putting development of electric vehicles ahead of hydrogen fuel-cell technology as a near-term priority, much to the dismay of some automakers that have spent years investing in fuel cell advancements. Obama's fiscal 2012 budget released last week would give $200 million in grants to as many as 30 communities that advance electric vehicle use through fleet purchases, infrastructure and streamlined regulations.
Despite Toyota Flap, More Electronics Coming to Cars
More electronic controls and features will be integrated into future automobiles, despite concerns raised during the Toyota sudden-acceleration controversy. But also look for more government regulations addressing electronics.
Sandy Schwartz Taking Helm at Manheim
Manheim announced that Dean Eisner will be retiring this summer after successfully leading the company for several years. He?ll be replaced by Sandy Schwartz, who most recently has served as president of Cox Media Group.
Dealers Seeing Consumer Interest Change Along with Gas Prices
Dealers are seeing more interest in fuel-efficient vehicles as gas prices surge back up. An owner of Kia and Hyundai dealerships in Huntsville, Ala., is encouraging customers to come in and buy fuel-efficient cars before the trade-in value of their gas guzzlers tumbles, and it?s working. Wallace Automotive Group in Stuart, Fla., is seeing sales of fuel-efficient and hybrid vehicles become "red hot."
Auto Market Less Volatile; SAAR ‘Steady’ at 12.5M
TrueCar.com's February used-vehicle sales forecast looked mixed when compared to the previous month as well as how the industry performed a year ago. Site analysts believe February used-vehicle sales will total 1,710,750 units. February new light-vehicle sales in the U.S., including fleet, are projected to total 924,516 units.
