Page 60 - GIADA-Feb2017-Final021617

INBRIEF

Independent Auto Dealer News Roundup

Toyota Recalls Half a
Million Vehicles for Airbags

TOYOTA MOTOR ENGINEERING &
Manufacturing is recalling 543,326 vehi-
cles. This number is compiled of a mix of
2012 Toyota 4Runner, Corolla, Corolla Ma-
trix, Sienna, Yaris, Scion xB, Lexus ES350,
GX460, IS-F, IS250, IS350, IS250C, IS350C,
and Lexus LFA vehicles. The vehicles this
applies to were originally sold, or registered
at any time, in these locations: Alabama,
California, Florida, Georgia, Hawaii, Lou-
isiana, Mississippi, South Carolina, Texas,
Puerto Rico, American Samoa, Guam, the
Northern Mariana Islands (Saipan), and
the U.S. Virgin Islands, or "Zone A." READ
MORE

Auction Volume Likely to 14 highlights of 2017 Manheim Used Car

Hit Record 10.1M Units Market Report
This Year COX AUTOMOTIVE INSISTED 2016 brought good news for almost every segment
of the industry. Analysts pointed out that highlights included accelerating used-vehicle
THE NATIONAL AUTO Auction Asso- sales, a record-high 17.5 million new-vehicle sales. This, coupled with a growing number
ciation had projected that auction volume of services and support products that are dramatically improving the efficiency of the
would reach 9.7 million units last year. automotive marketplace- from retail to remarketing. READ MORE

Turns out, it was even better than expected! Click Here for Full 2017 Manheim Used Car Market Report
This year, volume could be the strongest it
has ever been. NAAA said in an Economic Amazon Expands Retail Auto Parts Efforts
Report compiled by its economist, Ira Sil-
ver, that auction volume reached 9.8 mil- AMAZON COULD SEE a dramatic expansion of its automotive parts business after
lion units in 2016 and is projected to hit reaching agreements with top industry suppliers in recent months.
10.1 million units this year. READ MORE
The New York Post, citing unnamed sources, reported that Amazon secured deals in
2 Big Moves from Carfax recent monthswith Cardone Industries, Dorman Products, Federal-Mogul and Robert
Bosch — four of the top parts manufacturers in the U.S. READ MORE
CARFAX AND DEALERSOCKET have
expanded their partnership, and now more Incentives, Used-Car Market Trends Worry Analysts
than 4,000 Carfax dealer websites that are
powered by the automotive technology THE ECONOMY LOOKS solid, but auto industry economists and analysts are con-
platform have now been upgraded with cerned a softening used-vehicle market and rising incentives on new cars and trucks could
Carfax Snapshot. send the industry into an unwanted spiral.

Carfax Snapshot puts key vehicle history Steven Szakaly, chief economist for the National Automobile Dealers Association, says al-
information directly on the search results though he’d like to see a somewhat healthier housing market, there are no red flags where
and vehicle details pages. READ MORE the economy is concerned. READ MORE
58 | GIADA Independent Auto Dealer FEBRUARY 2017