here. - Hawaii Automobile Dealers Association
Transcription
here. - Hawaii Automobile Dealers Association
Sponsored by: Hawaii Automobile Dealers Associat FORECAST Market Unchanged in First Quarte The Official Publication of the Hawaii Automobile Dealers Association 2015 Summer Edition 3.7% improvement predicted for entire year HADA Logs in on TPP Below is a summary of nine key trends and developments in the Hawaii new vehicle market. to 53.2% this year. This increase from 2013 to State market holds steady in First Quarter; U.S. up slightly State new retail registrations were essentially unchanged in the first three months of this year versus a year earlier. The U.S. market was up 2.5%. Alternative powertrain State sales of hybrid trucks fell 5.8% so far t all market improved sli clined to 5.7%. Fifth consecutive annual increase likely in 2015 State new retail light vehicle registrations are predicted to increase 3.7% from ‘14 to ‘15. Toyota, Honda, Nissa leaders in state marke Toyota was the best se year, with a 25.2% shar was 13.9%, well above U.S. Market has come a long way from depths of 2010 sales trough As shown below, the state new vehicle market has recovered steadily during the past five years. Registrations this year are projected to exceed ‘10 levels by more than 23,000 units. Buick, Jaguar, Lincoln, lot of ground early this New retail registrations brands were up more th Toyota Corolla best-se ket; Tacoma is light tru Honda Civic and Fit we third behind Corolla in Trucks grab a larger share of state market Light truck market share increased from 51.2% during the first three months of 2014 ! e you on a ui M Se Other Stories in this Edition... Maui Annual Trend in State Market Let’s Ride! 60,000 New light vehicle registrations 2015 First Hawaiian International Auto Show On the Trade Pact—Reserve Currency is the Key Easy! Online HADA Convention Registration For Sponsorship, Convention, Hotel & Golf Visit www.HawaiiAutoDealer.com Hawaii Auto Outlook ™ 50,000 54,095 48,705 40,000 30,000 20,000 35,576 32,649 Register at 10,000 www.hawaiiautodealer.com Hawaii’s show scores high on Motor Trend’s auto show benchmarks. 18 th 0 The56th 56HADA HADA Convention Convention 2008 2009 11 56,100 42,463 41,184 32,878 (Page 8) 2010 Oct. 8-11, 2015 Fairmont October 8-11, 2015 Fairmont Kea Lani Historical Data Source: IHS Automotive. Kea Lani, Maui Wailea, Maui Sales continue upward for 2015 2011 2013 3.7% 2012 improvement predicted for the year 2014 26 2015 Forecast Proud to be Hawaii’s Best Automotive Dealerships Each of our locations proudly offers superior customer service and quality automotive products priced with No Additional Dealer Markup. Plus, every new vehicle purchased is covered by the SERVCO PROTECTION PLAN – 180 days of renewable Roadside Assistance, Road Hazard Tire Protection and Emergency Rental Car Coverage. ServcoAuto.com CHEVY SILVERADO LEXUS IS SUBARU FORESTER SCION FR-S TOYOTA CAMRY SERVCO TOYOTA HONOLULU SERVCO AUTO WAIPAHU SERVCO TOYOTA WINDWARD SERVCO SCION 1-855-436-7920 1-855-702-8005 1-855-879-2479 564-2400 ServcoToyotaHonolulu.com ServcoAutoWaipahu.com ServcoToyotaWindward.com ServcoScion.com SERVCO SUBARU HONOLULU SERVCO SUBARU KAIMUKI SERVCO LEXUS HONOLULU SERVCO LEXUS MAUI 687-7600 687-7620 1-800-504-3658 1-855-891-0299 ServcoSubaruHonolulu.com ServcoSubaruKaimuki.com ServcoLexusHonolulu.com (TOLL-FREE) ServcoLexusMaui.com REACH 8 10 in of Oahu new vehicle buyers with the Star-Advertiser each week Source: Nielsen-Scarborough 2013 R2 – 48,422 out of 61,158 LOOK FOR THE PULL-OUT AUTO SECTION EVERY FRIDAY IN THE STAR-ADVERTISER For more information on advertising call Patrick Klein at 808-529-4842 Media Kit and Product Portfolio available at oahupublications.com cars Friday, 2/22/13 HONOLULU STAR-ADVERTISER 9 ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz<<>>-,0123456789 HAWAII’S P L A C E YO U R A D T O DAY 5 2 1 - 9 1 1 1 The pulse of paradise 521-9111 N EE SECTION SECTIO SECTION E2 ca arrss S TA R A DV E R T I S E R . C O M / C A R S 521-911 521 -9111 1 HA WA HA II’S WA II’S Friday, 6/13/14 HONOLU LU STAR-AD VERTISER CUTTER 564-9900 AUTOMOTIVE GALLERIES P L APCLEA YO C EUYO UD R TAODDAY R A T O DAY 5 2 1 -592111-19 1 1S1 TA RSATA DVREARDV T I SEERRT.IC SO EM R ./CCOAM R/SC A R S WINDWARD NISS AN * 1 538-NEWS to subscribe staradvertiser.com Scan or text STARAPP to 43766 to download the FREE APP! GET THE APP Message & data rates may apply. Text STOP to 44144 to unsubscribe. Text HELP to 44144 for customer support. NOW HERE! Nissan NV Commercial Vehicles! Hawaii Automobile Dealers Association 1100 Alakea Street, Suite 2601 Honolulu, HI 96813 (808)593-0031 • Fax (808)593-0569 2014-2015 HADA 2012-2013 irectors Officers & DirectOrs EVR: Click, click, click…and here’s a used vehicle registration and for new cars, a plate President resident P Bill van den Hurk Mike Niethammer For dealer representatives, standing in line at DMVs to register vehicles may be eliminated. President resident-Elect P -elect Brian Bill vanKitagawa den Hurk Thanks to the help from the Caldwell Administration’s Galen Onouye, the Administrator for the City and County of Honolulu’s DMV, and his staff, and all the neighbor island mayors, DMV administrators and staffs…..the online electronic vehicle registration project is moving forward at good speed. Vice ice President President V Eric Fukunaga Secretary ecretary s Wayne DeLuz Joe Nicolai Treasurer reasurer t NickUekawa Cutter John NADA Director nada director Stan JoeMasamitsu Hanley Hawaii Director Hawaii director Jackie De DeLuz Wayne Luz Maui Director Maui director Damien Farias Damien Farias Oahu Director oaHu director Stan Masamitsu Stan Masamitsu Oahu Director oaHu director Morrie Stoebner Morrie Stoebner Oahu Director oaHu director Kenny Ching Jack Jackson Oahu Director oaHu director Dan Keppel Keppel Dan EVR allows vehicles to be registered and plated from sites like auto dealerships. Third party service providers will help in the development of the needed software interchange with the DMV main computer, train dealership personnel in their respective systems and coordinate the electronic vehicle registration process. It’s all about the 1s and 0s. The vehicle registration process has “gone digital” in more than a couple dozen states across the U.S. Eliminating the “hard-copy” forms that remain in the system is the goal. Proposed federal legislation is helping. HADA recently logged in with support of added language to the federal Highway Bill which would allow for eSignature on the required Federal Odometer Disclosure Form—taking the form to digital format, eliminating paper and speeding up the process of recording the odometer reading at time of transfer. HADA’s members sent a letter to Senator Brian Schatz, who is on the Senate Commerce Committee, requesting his help in securing adoption of the needed authorization language. Kauai Director Kauai director Ryan Mackey Dan Mackey Eliminating dealers from standing in line at DMVs will free up customer service time for other key DMV services, making the process more efficient for all. At Large Director at large director Keoni Hansen Hansen Keoni Much thanks goes to Wayne De Luz, chair of the HADA subcommittee working on this EVR and Electronic Lien and Title (ELT), to Dave Rolf, HADA’s executive director, to the third party service providers and to the mayors and DMV staff on all islands for working to move the electronic vehicle registration process forward. At Large Director iMMediate Past President Marc Cutter Nick Cutter Immediate Past President HADA STAFF Mike Niethammer Executive Director HADA DaveSTAFF Rolf Executive Director Dealer Services Manager DaveCochard Rolf George Sincerely, Bill van den Hurk 2015, 2016 HADA president HawaiiDealer is designed & published by Custom Publishing Design Group, Inc.® 800.246.1637 • www.MyCompanyMagazine.com. To advertise in an upcoming issue contact Michelle LeBlanc, 800.246.1637 ext. 311 or e-mail [email protected]. HawaiiDealer is published quarterly by the Hawaii Automobile Dealers Association, 1100 Alakea Street, Suite 2601, Honolulu, HI 96813 Phone: 808 593-0031 Fax: 808 593-0569 Email: [email protected] 4 F H B . C O M Ready. Set. Approved. We help turn shoppers into buyers with aggressive low rates, fast approval speeds and flexible options that handle like a dream. Talk to us for responsive financing that can take your dealership to the front of the pack. Call our Dealer Center at 844-3860. Member FDIC FHIB-30172_2015_Auto_Show_v5.indd 1 7/7/15 2:37 PM Our Mission Statement u Have the Power ll Show You How to Use It ExceedEnjoy Dealer’s Expectations! thE RidE! For ExcEEd More Information Contact: Linda Fisher WhilE WE youR ExpEctations Phone: (714) 612-6176 • E-Mail: linda.fi[email protected] ! oup.com Dealer Assurance Group TM Your Competitive Edge The Small Group With Huge Impact 6 Phone: (714) 612-6176 R lts u s e Dealer’s Expectations Email: [email protected] YOU DON’T NEED TO SELL CUSTOMERS ON THE ONE BRAND THEY’RE ALREADY SOLD ON. With Allstate, you get a 125-billion-dollar brand and 30 years of F&I and underwriting expertise. Put the power of a leading brand to work at your dealership with Allstate Dealer Services. AllstateDealerSer vices.com VSC • GAP • TIRE & WHEEL • COMPLETE PROTECTION • PAINT & FABRIC DEFENSE • EXCESS WEAR & TEAR Call Rosalie J. Middleton from Western Insurance Hawaii to add Allstate to your product lineup. 808-722-5491 [email protected] Allstate Dealer Services is a marketing name for Pablo Creek Services, Inc., E.R.J. Insurance Group, Inc. (d/b/a American Heritage Insurance Services), Northbrook Indemnity Company (Home Office: Northbrook, IL), and First Colonial Insurance Company (Home Office: Jacksonville, FL). Each of these entities is a member of the Allstate family of companies. ©2014 Allstate Cover Story It’s about the Benjamins and the Yuan A high diving board, this TransPacific Partnership is. Indeed, pulling too far to the political left or too far to the political right on this pending international trade pact dive will make for a highly injurious landing. It’s all about the Benjamins. And the yuan. In the end, which international currency will be number one? Maybe it’s time to take another look at The Wizard of Oz. What so many of us delighted in as a wonderful children’s tale, might have actually been written about a bi-metal standard for the American currency. Oz stood for ounce of gold. The yellow brick road, another gold metaphor. America, after the discovery of the Comstock Load, a huge silver mine, debated the merits of basing its currency on both silver and gold. The American farmers, depicted by Scarecrow in the story, were anxious to pay back debts in a new currency based in part on silver. Their debts had been incurred under the gold standard. Factory workers too, depicted by the Tin Man, wanted to pay back their debts using a new bimetal standard. Wizard of Oz author Frank Baum, a political cartoonist and satirist of the late 1800s, let the Wicked Witch of the East, who was crushed by the falling Kansas farm house, depict the East Coast’s Wall St. bankers. Originally Baum had made the color of the slippers silver, but MGM, for purposes of its first big color motion picture, made them ruby red. 8 Nick Cutter and Eric Fukunaga enjoying a conversation before the start of the executive committee meeting called to discuss the Trans Pacific Partnership. Congressman Mark Takai had asked for input on the TPP. To complete globally is the key to a nation’s wealth and power. The new Chinese-coordinated effort –the Asian Infrastructure Investment Bank agreements—which consist largely of funds provided by Chinese and European countries, now totals around 57 Prospective Founding Member countries but does not include the U.S. Currently, because the U.S. has such a wide range of investment opportunities, the U.S. dollar is the world’s leading reserve currency, followed by the Euro, the British pound sterling, the Japanese yen, and China’s yuan. Some say the U.S. administration is seeking to establish stronger trade with economies around the Pacific Rim to offset this effort, and thus, at the current time, is excluding China from the TPP. For many emerging countries, the holding of large amounts of a reserve currencies is a strategy used to insure the stability of their own financial systems. There are those with different views. Some see trade as a ruthless assault on their values and traditions. Economists, in general, agree that international trade is good. It allows countries to specialize. If a country is seen to be in poor financial shape, international speculators may begin selling their investments, driving that country’s currency value down. If sufficient reserves are held in a world reserve currency, like the dollar, that struggling country could start buying some of its own currency, thus thwarting speculators. The dollar remains larger than all the other currencies in the top five combined. China’s currency maintains a distant fifth place as a currency reserve being used by other nations because of its government’s heavy involvement in its currency’s value. One of the TPP trade-offs holding up things is, on one side, the sticky issue of the high tariff protecting Japan’s famous short rice produced by the politically influential rice farmers who use traditional planting and harvesting methods. On the U.S. side, there’s the tariff on light trucks--which includes pick-ups, vans and SUVs—and which serves as a moby-sized speed-bump for international automakers. . This truck tariff resulted in many international automakers building plants in the this country, allowing those companies to circumvent the high 25% barrier to the hefty-sized U.S. light truck market. Since so many international automakers have now built factories inside the U.S. this tariff has become less of an issue, and thus it provides less in value to the U.S. negotiators in the way of leverage. In the end, most economists would agree, that the lowering of trade barriers around the world, and the increasing dialogue between countries created by such, will make things safer and better for all on this planet. 9 IT’S YOUR LOCAL AUCTION LANE. BUT IT’S THE WORLD’S LARGEST Manheim Hawaii SERVING HAWAII’S AUTOMOTIVE INDUSTRY FOR OVER 25 YEARS Dealer Consignment | Simulcast | OVE.com | Manheim Export Trader.com Kelly Blue Book | AutoTrader.com DID YOU KNOW? 7 out of 10 Dealer cars sell through the lanes at Manheim Hawaii. manheim.com | 866•Manheim ©2014 Manheim, Inc. All rights reserved. Manheim BUY. SELL. WIN and the M logo are trademarks of Manheim, Inc. 10 ! i y o u e o e u n a M S 56th HADA Convention at the Fairmont Kea Lani on Maui Oct. 8-11, 2015 Easy online registration go to ..... www.HawaiiAutoDealer.com 11 15-CPB-0093 Hi Dealer Mag.indd 2/2/15 8:32 AM - 1 - (Cyan) (Magenta) (Yellow) (BlacK) Providing exceptional service for you and your clients. MIKE WARING WAYNE ARAKAKI EDSON TOMA Vice President & Manager Ph: 544-3731 Fax: 532-4200 [email protected] Vice President, Dealer Center Ph: 544-5282 Fax: 532-4200 [email protected] Assistant Vice President, Dealer Center Ph: 544-5284 Fax: 532-4200 [email protected] We have the loans that get your clients in your cars and out the door. Contact us today to see how our auto loans can work for you. COMPETITIVE RATES FLEXIBLE TERMS QUICK LOAN APPROVALS RESPONSIVE SERVICE Member FDIC centralpacificbank.com Matsumoto & Clapperton Advertising Date: 2.2.15 Client: Central Pacific Bank Job# 15-CPB-0093 Pub: Hawaii Dealer Magazine Run date: 1st Qtr. 2015 Protecting OurMtls: Customers' Assets Size: 7.675” x 4.9” PDF-X/1a Serving & Supporting Hawaii’s Auto Dealers Since 1976 Need Answers? www.HawaiiAutoDealer.com Your HADA Info Resource II A U T O M An Independent Insurance Agency Specializing in: O B W A H A E IL E IO D N hada A 12 L E R Cavanah Associates, Inc. I A A S S O C T Full Dealer Package Garage Liability Property Insurance Physical Damage Workers Compensation Employment Practices Liability Phone: (808)537-1970 Vehicle Service Contracts GAP Protection Programs Homeowners Insurance Personal Auto Insurance Dealer Enhancements Group Life and More! www.cavanah.com /Does your DMS feel like a partnership... or a hardship? : Dea ler track n ow make s s w i tc hi ng to the i nd u s try ’s m o s t t rustworth y DMS eas i er than ev er . QUICKNAV INFODIVE At times, your existing DMS may feel more like a problem than a solution: limited features and functionality, minimal integrations and options, and terms and conditions that benefit your provider far more than your dealership. Dealertrack DMS is data-driven and intuitive, with unmatched 3rd party integration, and features contracting, support and partnership that are transparent, trustworthy, and customizable. // Learn about how easy it is to switch to Dealertrack DMS today at on.dealertrack.com/switch 13 Why are these people smiling? Chris Lovvorn, Castle & Cooke vice president for commercial development; Senator Loraine Inouye, chair of the Senate Energy and Transportation Committee; Kahu Kelekona Bishaw of Kamehameha Schools; Randy Iwase, chair of the Hawai‘i Public Utilities Commission; Alan Oshima, Hawaiian Electric Company president & CEO; Susan Harada, Dole Plantation manager; Mike Moon, Dole Plantation operations manager; Jim Alberts, Hawaiian Electric senior vice president for customer service. Hawaiian Electric officially opened its first utility-owned and operated Fast Charger on O‘ahu at Dole Plantation in Wahiawa. The Hawaiian Electric Companies believe a major contribution to accelerating the use of electric vehicles is providing public charging infrastructure to help eliminate “range anxiety.” Dole Plantation is an ideal charge spot for residents and visitors driving EVs to or from the North Shore. Drivers can safely operate the charger and pay a small fee by credit card or smartphone app. Learn more at www.hawaiianelectric.com/goev. The DC Fast Charger at Dole Plantation has a CHAdeMO connection (used mostly by Japanese and Korean EVs) and a CCS connection (used by American and European EVs.) This is the first charger on O‘ahu supporting both types of fast charging. Maui Electric also has a DC Fast Charger at its Kahului headquarters. Hawai‘i Electric Light is installing one in Hilo. The Hawai‘i Public Utilities Commission authorized our utilities to install, own and operate up to 25 fast chargers in our service territory. Additional sites are being scouted on O‘ahu and other islands. Hawaiian Electric will own, operate and maintain the units so host locations get the benefits for employees and customers with minimal responsibility. If interested, reach us at [email protected] or 543-goev. View a short video at www.youtube.com/hawaiianelectric. Dealer profitability has recovered since the financial crisis but has leveled out despite continued industry growth. Vehicle sales Units sold, new and light duty trucks, millions Dealer profitability Average net profit before taxes, % Network consolidation Number of car dealerships, thousands 16.5 16.1 13.2 10.4 11.6 12.7 2.3 14.4 2.2 15.5 2.2 16.4 2.2 2.1 1.5 20.0 1.5 1.5 1.0 19.5 18.8 17.2 16.4 16.3 16.4 16.4 16.7 -20% 200620072008200920102011201220132014 Source: National Automobile Dealers Association; McKinsey analysis Period of financial crisis New players have already sprung up to take advantage of these new shopping trends and consumer preferences. Some of them are providing convenient service locations through stand-lone service outlets, while others are offering streamlined in-person experiences by getting people to make car and finance-related selections online before coming into the dealership. It’s clear that the way consumers are considering, analyzing, and buying cars has changed radically in just a short time. The question remains how car manufacturers and dealers will further adapt. A two-lane road to the top Our study reveals two critical areas where dealers and manufacturers need to focus: operations and marketing spending. Lane 1: Optimizing dealer operations There is a prevailing myth that a dealer’s business success is mostly driven by structural factors, which are not entirely in his or her control, such a scale or location. Our analysis contradicts that myth. For HADA members, a copy of the McKinsey Report can be obtained by emailing the HADA office at [email protected] 15 In The Home Own every opportunity in your customers’ homes with custom products from Reynolds Document Services Direct Mail ReminderTRAX® • Promote sales and service specials with targeted effective mailing. • Capture more service business with personalized mailings. • Target customers outside your existing base with industry-leading list providers. • Bring customers back to your dealership for recommended services. • Deliver your message at the right time, to the right customers. • Monitor your return on investment with online reporting. To learn how to claim your space, contact your Document Services Consultant, Cliff Hall, at 559.285.9393 or visit www.reyrey.com/ClaimYourSpace. 16 © 2014 The Reynolds and Reynolds Company. All rights reserved. Printed in the U.S.A. 7/14 Auto dealers have been exposed to an unprecedented amount of change. Online information sources 14 Average time spent per purchase, hours 5 Showroom traffic 4 Average number of dealers visited per purchase 2 33 Digital-media spend Share of dealer marketing spend for online media, % 7 10 years ago Today Source: Innovating automotive retail, McKinsey & Company, 2014; J.D. Power 2004 New Autoshopper Study; J.D. Power 2014 New Autoshopper Study; National Automobile Dealers Association data, 2005 and 2014 67% OF ONLINE BUYERS* USE AUTOTRADER.COM OR KBB.COM DURING THEIR SHOPPING PROCESS For more information, visit WeWorkForYou.com/partners *In the U.S. ©2014 AutoTrader.com, Inc. All Rights Reserved. “AutoTrader.com” is a registered trademark of TPI Holdings, Inc. used under exclusive license. 14_Q3_020 - Hawaii Dealer Association Ad Q3-FIRE-R1V1.indd 1 For more information, visit WeWorkForYou.com/partners or contact your local Advertising Consultant or contact your local Advertising Consultant: Amanda Acio • 415.254.8912 Nicholas Olivas • 808.798.5825 7/21/14 4:28 PM 17 2015 First Hawaiian International Auto Show scores high on Motor Trend benchmarks With 350 new cars and trucks, extensive show media coverage, a cars & energy exhibit, contests, Teacher-of-the-Year car exhibit, proclamations, VIP visits, high-density crowds, Pi(e) Day promotion and the introduction of the hydrogen fuel cell car to Hawaii, the 2015 First Hawaiian International Auto Show scored high on the benchmark ratings of the nation’s 21 auto show which, including Hawaii’s show, are produced by Motor Trend Auto Shows, Inc. 1) Hawaii’s show had the 2nd lowest ticket price of the 21 shows when compared against household income. 2) Hawaii’s show had the 3rd lowest features cost of the 21 shows when compared against gate dollars earned. 3) Hawaii’s show had the 2nd highest number of attendees per 1,000 square feet of exhibit space per hour of all the 21 shows. 18 Congressman Mark Takai, center, presents a letter to HADA congratulating the association on the auto show’s cars and energy focus. Toyota’s Marai product specialist is shown on the left and Dave Rolf, HADA executive director accepts the letter on behalf of the association. Test drivers at the Ride ’n Drive event received a free 10’ pizza pie, compliments of Papa Johns Pizza, on Pi(e) Day— Einstein’s birthday— March 14th—which this year was 3.14.15 (as in Pi). The HawaiiDealer serves as the “textbook” for many HADA presentations. Here 60 copies of the first quarter edition was set out in preparation for the HADA presentation to the auto mavens of the Auto Lunch Bunch—an informal monthly gathering of car aficionados which meets at the Waikiki Yacht Club. HADA begins the public relations for the First Hawaiian International Auto Show each year with a HADA presentation to the auto mavens. 19 At the recent HADA presentation to the visiting Japan Auto Dealers Association association members, the car section of the Honolulu Star Advertiser was passed out and reviewed, then used for a demonstration about how fast-growing Eucalyptus trees could provide fuel to produce electric energy that could be used in electric vehicles and also to produce hydrogen for hydrogen fuel cell electric vehicles. Japan and U.S. auto manufacturers are leaders in EV and HFCEV manufacturing. Hawaii is at the forefront in the introduction of these renewable fuel vehicles. Governor’s appointee Russ Wong appears for confirmation hearings by the Senate Committee on Commerce and Consumer Protection during the recently complete legislative session. Russ will serve as one of 3 auto industry representatives on the Motor Vehicle Industry Licensing Board. 20 STREAMLINE FINANCING. ACCELERATE SALES. Reach more buyers, sell more cars and fund loans faster with CUDL and CUDL AutoSMART by CU Direct. Point-of-Purchase Lending Mobile & Online Auto Shopping ■■ Reach a nationwide network of 1,100 credit union lenders. ■■ Reach in-market credit union members. ■■ Access pre-approvals, get instant decisions on loans, and receive fast funding. ■■ Showcase your inventory on credit union websites and mobile devices. ■■ Simplify workflow with two-way DMS integration. ■■ Share unlimited photos and technical specifications for each vehicle. ■■ Drive revenue through backend products and flat fee income. ■■ Free marketing materials and support. Get started today! Call Andrea Hussey-Leong at 808.782.4960 or visit CUDIRECT.com Mahalo! CU Direct proudly serves 65 dealers and 20 credit unions on all four major Hawaiian islands: West Maui Community FCU • Kauai Government EFCU • OTS EFCU Aloha Pacific FCU • Big Island FCU • HawaiiUSA FCU • Hawaiian Tel FCU • Honolulu Fire Department FCU • West Oahu Community FCU • Hawaii Schools FCU • Pearl Hawaii FCU Kauai Community FCU • Maui FCU • University of Hawaii FCU • Hawaii Central FCU • Hickam FCU • Hawaii State FCU • Maui County FCU • Valley Isle Community FCU • Honolulu FCU The Enterprise Way Serving with Aloha in Hawaii since 1994. Pick-up subject to geographic and other restrictions. ©2013 Enterprise Rent-A-Car E01923 11.13 21 The Official Publication of the Hawaii Automobile Dealers Association The Official Publication of the Hawaii Automobile Dealers Association The Official Publication of the Hawaii Automobile Dealers Association The Official Publication of the Hawaii Automobile Dealers Association 2015 First Quarter 2014 Fourth Quarter 2014 Convention Edition 2014 Summer Edition Dealer Day at the Capitol Niki van den Hurk Issues worth flying to Washington D.C. for… Hawaii’s 2015 Dealer of the Year see cover story page 8 HADA president Bill van den Hurk greets House Speaker Joseph Souki during Dealer Day at the Capitol February 12, 2015 See pictorial feature on pages 8 – 15 Stan Masamitsu (left) and Keoni Hansen brought HADA’s requests for help to the Hill Niki with a picture of her great grandfather P.E. Martin, who developed the automotive assembly line concept for Henry Ford in the early 1900s. Joe Hanley: Hawaii’s State Dealer of the Year Page 2 Other Stories in this Edition... ™ Hawaii Auto Outlook Other Stories in this Edition... ™ AUTO SALES REV UP See you o n M ui ! a 113TH CONGRESS 2D SESSION H. R. 5403 113TH CONGRESS 1ST SESSION To nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto lending. A running start for 2015 New vehicle registrations were up 18% in the last quarter of 2014. 26 First Hawaiian International Auto Show, March 13-15 …features 350 new cars and trucks including the first hydrogen fuel cell electric vehicle to be offered in Hawaii 23 Which comes first, the chicken or the egg? Answer: Both. Simultaneously. HADA supports bill for government fleet hydrogen fueling station, which can jump start the transition to the new clean fuel. II 18 Robert Zarco was the keynote speaker at the 2014 HADA convention which saw a record 253 attendees. 18 Pure Joy. Bill Hart, right, of Cavanah & Associates shot a hole-in-one at the convention’s golf tournament He is shown here with Bank of Hawaii’s Craig Ito. 18 More Joy. Hawaii’s State Teacher of the Year receives her new car (use for a year) S. 921 IN THE SENATE OF THE UNITED STATES 8 Be it enacted by the Senate and House of Representa- 1 Bill that would ground loaner cars A BILL for minor open recall issues 9 To amend chapter 301 of title 49, United States Code, to prohibit the rental of motor vehicles that contain a defect related to motor vehicle safety, and for other purposes. 2 tives of the United States of America in Congress assembled, 3 3 Jkt 039060 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5403.IH Measure that would eliminate advertising as a deductible business expense U.S. 10.0% 12000 10000 8000 The market was up by more than 5,400 units in the First Quarter of 2014 vs. 2010. 6000 4000 2000 20 e H . re’s to Se eing Yo18u.. Here’s to seeing you on Maui... October 9-12 at the HADA Convention State Q2 '13 16.6% Q3 '13 24.0% Q4 '13 7.6% Q1 '14 20.5% U.S. 9.0% 13.3% 4.9% 4.3% Data Source: Polk. AutoNation’s CEO Michael Jackson talks about the future of the auto industry H 0 Regs. 03:30 May 11, 2013 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S921.IS Quarterly Alternative Powertrain Market Share (includes hybrid and electric vehicles) Trendline 6.0% 5.0% 3.0% o 0.0% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 '10 '10 '11 '11 '11 '11 '12 '12 '12 '12 '13 '13 '13 '13 '14 Source: Polk. ! Fairmont Kea Lani Wailea, Maui www.HawaiiAutoDealer.com Also see the HADA website at www.hawaiiautodealer.com Call us if you’re interested in your own magazine, or if you’d like to buy an advertisement in this magazine! 22 13218 u On Ma New registrations of hybrid and electric vehicles were 806 units in the First Quarter of 2014. th for free! Q1 '14 10973 2.0% 1.0% n M a ui Established under HADA president Charlie King in 2002, the HawaiiDealer is a quarterly magazine that provides information on the activities of HADA members to a wide audience, including the membership of the Association, key The 55 HADA Convention October 9-12, 2014 employees at the dealerships, legislators, city council members, Hawaii media, the Congressional Delegation, and many Hawaii sister organizations. Custom Publishing Design Group has assisted many companies in producing beautiful, full-color magazines... Q1 '13 9997 State Hybrid and Electric Vehicle New Retail Registrations 2009 thru 2013 and YTD '14 thru March Year Hybrids Electrics Total 2009 1102 15 1117 2010 1025 2 1027 2011 1299 338 1637 2012 2403 341 2744 2013 2550 775 3325 YTD '14 (Mar.) 612 194 806 8.0% 7.0% S921 Easy online registration go to ..... www.HawaiiAutoDealer.com Q1 '12 8464 MARKET TRACKER: HYBRID AND ELECTRIC VEHICLES Auto Registrations up 20.5% Hybrid &Q1, Electric 2014 Share Holds at 6.1% 4.0% This Act may be cited as the ‘‘Raechel and Jacqueline Jkt 029200 Q1 '11 7849 First Quarter registrations during past five years H5403 VerDate Mar 15 2010 Q1 '10 Data Source: Polk. ’s To See24 ing Y ere o 21 SECTION 1. SHORT TITLE. 4 State 15.0% 0.0% 5 Houck Safe Rental Car Act of 2013’’. jbell on DSK7SPTVN1PROD with BILLS rfrederick on DSK6VPTVN1PROD with BILLS This Act may be cited as the ‘‘Reforming CFPB Indi- 5 rect Auto Financing Guidance Act’’. 03:28 Sep 09, 2014 Five Years of First Quarter Results in State Market 14000 5.0% Advertise In The HawaiiDealer 4 VerDate Mar 15 2010 QUARTERLY PERSPECTIVE ™ The Hawaii market increased at a faster pace than the U.S. in the First Quarter of 2014. 20.0% Be it enacted by the Senate and House of Representa- 1 2 tives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. QUARTERLY TREND Percent Change in New Vehicle Market State and U.S. 25.0% Elimination of Advertising Deduction To amend chapter 301 of title 49, United States Code, to prohibit the rental of motor vehicles that contain a defect related to motor vehicle safety, and for other purposes. MAY 9, 2013 Mr. SCHUMER (for himself, Ms. MURKOWSKI, Mrs. BOXER, Mrs. MCCASKILL, Mr. BLUMENTHAL, Mrs. FEINSTEIN, Mrs. GILLIBRAND, and Mr. CASEY) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation CFPB Guidance raising cost A of loans BILL Hawaii Auto Outlook roPosal IN THE HOUSE OF REPRESENTATIVES To nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto lending. Story on page 9 State Market Up 20.5% in 1st Quarter 2014 vs. 4.3% in U.S. Other Stories in this Edition... ongressional SEPTEMBER 8, 2014 Mr. STUTZMAN (for himself, Mr. PERLMUTTER, Mr. BACHUS, Mr. DAVID SCOTT of Georgia, Mr. BARR, Mr. SHERMAN, Mr. CAMPBELL, Mr. PETERS of Michigan, Mr. LUETKEMEYER, Mr. MURPHY of Florida, Mr. POSEY, Mr. KILDEE, Mr. WILLIAMS, and Mr. COSTA) introduced the following bill; which was referred to the Committee on Financial Services 26 Hawaii Auto Outlook MARKET TRACKER: QUARTERLY RESULTS Easy! Hawaii Auto OutlookOnline HADA Convention Registration For Sponsorship, Convention, Hotel & Golf C P : Visit www.HawaiiAutoDealer.com ™ I New retail light vehicle registrations Hawaii Auto Outlook % change versus year earlier Other Stories in this Edition... 1-800-246-1637 www.MyCompanyMagazine.com ui Cool Classrooms...compliments of Cutter Automotive and Fujitsu First Graders from Waipahu Elementary hold up signs thanking Cutter Automotive (owners Jarrett and Marc Cutter) for the donation of a Fujitsu Split Unit air condition system for their classroom. Shown behind the class are First Grade Teacher Jennifer Noblado, left, and Principal Lisa Ynigues. The room, which used to have open windows which faced a dusty parking lot is now kept at a comfortably cool 70 degrees. Cutter Automotive, along with Fujitsu donated air conditioning units for three classrooms. Cutter Automotive’s Jarrett Cutter accepts thank you posters from members of Ms. Jennifer Noblado’s first grade class at Waipahu Elementary after donating, along with Fujitsu, an air conditioning unit for the classroom. Gary Sheuring is shown in the background. 23 Credit Bureau Reports with RouteOne, DealerTrack, ADP and Reynolds & Reynolds Integrations Fair Lending Policies & Training Regulation Z and M (Proper Disclosure) Proper Terminology & Quarterly Audit of Deals Provide Written Identity Theft Prevention Program/Procedural Manual Identity Veriication Software that Checks National Database and Death Master List Employee Training Information Security Plan (ISP) and Customized Compliance Manual Quarterly Dealership Audits and Training USA PATRIOT Act (OFAC) Telemarketing Sales Rule (TSR) Can Spam & 8300 Cash Reporting/Money Laundering Training Requirements/Documentation Quarterly Audit & Lift Inspections (Additional Fees Apply) Globally Harmonized System of Classiication and Labeling of Chemicals (GHS) Identify Safety Hazards, Written Emergency Plans & DOT HAZMAT Training General Anti-Discrimination and Harassment training Establish EEO Process for Employees Conduct Management Round Table 24/7 Support Managed by an Off-Site Systems Engineer Control Internet Access by Individual User 24 Call our local team (800) 553-7146 Online at jmagroup.com F&I A division of FIXED OPS TRAINING FRONT-END SALES IN-STORE SUPPORT OPERATIONS INCENTIVES JM Family is a diversified automotive company ranked on the FORTUNE® 100 Best Companies to Work For® list, its seventeenth consecutive year. © 2015 Jim Moran and Associates, Inc. 25 Covering Data thru June 2015 Covering June 2015 CoveringData Datathru thru June 2015 Hawaii Auto Auto Outlook Outlook Hawaii Hawaii Auto Outlook Volume 14, Number 3 Volume Number Volume 14, 14, Number 3 3 TM TM ™ Sponsored by: Hawaii Automobile Dealers Association Sponsored by: Hawaii Hawaii Automobile Automobile Dealers DealersAssociation Association Sponsored by: FORECAST FORECAST FORECAST State to Increase 4.3% 4.3% from 2014 2015 to StateMarket MarketPredicted Predicted to Increase fromto2014 2015 State Market Predicted to Increase 4.3% from 2014 to 2015 Positive factors slightly out-weigh negatives; slower growth expected in 2016 Positive factors slightly out-weigh negatives; slower growth expected in 2016 Positive factors slightly out-weigh negatives; slower growth expected in 2016 Key factors providing a boost to new vehicle sales Key factors providing a boost to new vehicle sales Incentive to upgrade. In almost every way, today’s new car and trucks are far superior to vehicles that every came way, out just fivenew years it’s Incentive to upgrade. In almost today’s carago. andBut trucks the introduction of advanced safety features (i.e, mitigation braking, are far superior to vehicles that came out just five years ago. But it’s laneintroduction alert, smartofcruise control, blindfeatures spot monitoring, rear-view camthe advanced safety (i.e, mitigation braking, eras, etc.) on mainstream, non-luxury brand vehicles that will give lane alert, smart cruise control, blind spot monitoring, rear-view cam-a boostetc.) to sales for many years to come.brand These vehicles safety-related technoloeras, on mainstream, non-luxury that will give a gies will provide a strong motivation for consumers to trade in their boost to sales for many years to come. These safety-related technolocurrent new ones. gies will vehicles provide for a strong motivation for consumers to trade in their current vehicles for new ones. Pent up demand. The average age of vehicles on the road is still at extremely high levels. five years of wellon below average sales, Pent up demand. TheFollowing average age of vehicles the road is still at the new vehicle market has only recently moved above trend line levextremely high levels. Following five years of well below average sales, els.new We think thatmarket basedhas on cyclical factorsmoved alone,above the market the vehicle only recently trend recovery line levstill has legs. els. We think that based on cyclical factors alone, the market recovery still has legs. Labor market is improving. Total employment has moved steadily higher market for the past five years,Total whileemployment the unemployment rate steadily has deLabor is improving. has moved clined. There are also some recent signs that wages and incomes are higher for the past five years, while the unemployment rate has definally starting to move higher. Some economists remain concerned clined. There are also some recent signs that wages and incomes are about starting sluggishtogrowth the labor force and lingering under-employfinally moveinhigher. Some economists remain concerned ment, but the outlook for jobs and incomes has improved. about sluggish growth in the labor force and lingering under-employment, but the outlook for jobs and incomes has improved. Key factors holding back vehicle salesback Keynew factors holding new vehicle sales Rising interest rates. After several years of hovering near zero, it appears as thoughrates. interest rates are on the of rise. It’s notnear likelyzero, to be an Rising interest After several years hovering it apabrupt, upward march, but it’s inevitable that they will drift higher. pears as though interest rates are on the rise. It’s not likely to be an Higher interest lead increasing finance and higher. lease abrupt, upward rates march, buttoit’s inevitablemonthly that they will drift payments, which puts a drag on new vehicle sales. Higher interest rates lead to increasing monthly finance and lease payments, which puts a drag on new vehicle sales. Insufficient household savings. Leading into the financial crisis of 2008, households had amassed record debt. several years Insufficient household savings. Leading into After the financial crisis of of deleveraging, the debt burden has eased significantly. However, 2008, households had amassed record debt. After several yearsthe of majority of U.S. have savings forHowever, retirement, deleveraging, thehouseholds debt burden hasinsufficient eased significantly. the and it willoftake build thesesavings nest eggs. a result, majority U.S.considerable households time havetoinsufficient for As retirement, households will need to devote a chunk of disposable income and it will take considerable time to build these nest eggs. As atoward result, savings instead retail (whichofincludes automobiles). households will of need to spending devote a chunk disposable income toward savings instead of retail spending (which includes automobiles). Consumer sentiment. Most measures of consumer sentiment have improved recently, but there still a pervading sensesentiment of uneasiness Consumer sentiment. Most ismeasures of consumer have among many U.S. households. Median household incomes have been improved recently, but there is still a pervading sense of uneasiness stagnantmany for decades, while many still feel that highincomes quality, good payamong U.S. households. Median household have been ing jobs are difficult to find. This nagging sense that things are not as stagnant for decades, while many still feel that high quality, good paygood as they should be, will likely prevent many potential purchasers ing jobs are difficult to find. This nagging sense that things are not as from buying new vehicle. good as theyashould be, will likely prevent many potential purchasers from buying a new vehicle. Annual Trend in State Market Market Summary Annual in State Market Annual TrendTrend in State Market MarketSummary Summary Market New light registrations New vehicle light vehicle registrations 60,000 60,000 50,000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 10,0000 41,184 41,184 32,878 32,878 32,649 54,095 48,705 54,095 42,463 48,705 35,576 42,463 56,400 56,400 35,576 32,649 2008 2009 2010 0 Source: IHS Automotive. Historical Data 2008 2009 2010 Historical Data Source: IHS Automotive. 2011 2012 2013 2011 2012 2013 2014 2015 Forecast 2014 2015 Forecast The graph above shows annual new retail light vehicle registrations in the state from 2008 thru 2014 and Auto Outlook’s projection for 2015. The graph above shows annual new retail light vehicle registrations in the state from 2008 thru 2014 and Auto Outlook’s projection for 2015. 26 TOTAL TOTAL Car Light Truck Car Light Truck Domestic European Domestic Japanese European Korean Japanese Korean Source: IHS Automotive. Source: IHS Automotive. YTD '14 thru YTDJune '14 26,860 thru June 26,860 12,996 13,864 12,996 13,864 5,369 2,704 5,369 16,975 2,704 1,812 16,975 1,812 YTD '15 % Chg. thru June '14 '15 YTD '15 %toChg. 27,955 4.1% thru June '14 to '15 27,955 4.1% 12,667 -2.5% 15,288 10.3% 12,667 -2.5% 15,288 10.3% 5,624 4.7% 2,990 10.6% 5,624 4.7% 17,369 2.3% 2,990 10.6% 1,972 8.8% 17,369 2.3% 1,972 8.8% Mkt. Share YTD '15 Mkt. Share YTD '15 45.3% 54.7% 45.3% 54.7% 20.1% 10.7% 20.1% 62.1% 10.7% 7.1% 62.1% 7.1% Domestic brands consists of vehicles sold by GM, Ford, FCA (excluding FIAT), and Tesla. Domestic brands consists of vehicles sold by GM, Ford, FCA (excluding FIAT), and Tesla. Hawaii Auto Outlook Page Page22 Page 2 MARKET MARKETTRACKER: TRACKER:QUARTERLY QUARTERLYRESULTS RESULTS MARKET TRACKER: QUARTERLY RESULTS MARKET TRACKER: QUARTERLY RESULTS Page 2 Hawaii HawaiiAuto AutoOutlook Outlook Hawaii Auto Outlook MARKET MARKETTRACKER: TRACKER:HYBRID HYBRIDAND ANDELECTRIC ELECTRICVEHICLES VEHICLES MARKET TRACKER: HYBRID AND ELECTRIC VEHICLES MARKET TRACKER: HYBRID AND ELECTRIC VEHICLES Hybrid/Electric Share is 5% Hybrid/Electric Share is Hybrid/Electric Share is5% 5% Hybrid/Electric Share is 5% State Marketis isUp Upin in2Q 2Q 2015 2015 State Market State Market is Up in 2Q 2015 State Market is Up in 2Q 2015 QUARTERLY QUARTERLYTREND TREND QUARTERLY TREND Percent New PercentChange ChangeininState Stateand andU.S. U.S. NewVehicle VehicleMarket Market Percent Change in State and U.S. New Vehicle Market % change versus year earlier % change versus yearyear earlier % change versus earlier 20.0% 20.0% 20.0% 18.0% 18.0% 18.0% 16.0% 16.0% 16.0% 14.0% 14.0% 14.0% 12.0% 12.0% 12.0% 10.0% 10.0% 10.0% 8.0% 8.0% 8.0% 6.0% 6.0% 6.0% 4.0% 4.0% 4.0% 2.0% 2.0% 2.0% 0.0% 0.0% 0.0% State State State U.S. U.S. U.S. 8.0% 8.0% 8.0% The Thestate statemarket market improved improved ata afaster faster The stateatmarket pace pacethan thanthe U.S.inin improved atthe aU.S. faster the Quarter ofof in the2nd 2nd Quarter pace than the U.S. 2015. 2015. the 2nd Quarter of 2015. State State State U.S. U.S. U.S. QUARTERLY QUARTERLYALTERNATIVE ALTERNATIVEPOWERTRAIN POWERTRAINMARKET MARKETSHARE SHARE QUARTERLY ALTERNATIVE POWERTRAIN MARKET (includes (includeshybrid hybridand andelectric electricvehicles) vehicles) SHARE (includes hybrid and electric vehicles) 7.0% 7.0% 7.0% 6.0% 6.0% 6.0% 5.0% 5.0% 5.0% 4.0% 4.0% 4.0% Q3 Q3'14 '14 Q3 '14 3.4% 3.4% 3.4% 6.1% 6.1% Q4 Q4'14 '14 Q4 '14 18.0% 18.0% 18.0% 6.6% 6.6% Q1 Q1'15 '15 Q1 '15 0.3% 0.3% 0.3% 2.5% 2.5% Q2 Q2'15 '15 Q2 '15 7.7% 7.7% 7.7% 2.7% 2.7% 6.1% 6.6% 2.5% 2.7% 3.0% 3.0% 3.0% Alternative Alternativepowertrain powertrainmarket marketshare sharehas hastrended trended lower past years, and 5% lowerover overthe the pastthree three years, andfell felltoto 5%inin Alternative powertrain market share has trended the Quarter theSecond Second Quarter of2015. 2015. lower over the past ofthree years, and fell to 5% in the Second Quarter of 2015. 2.0% 2.0% Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 2.0% Q1 '12 '12 '12 '12 '12 '13 '13 '13 '13 '14 '14 '14 '14 '15 '15 Q1 '12 Q2 '12 Q3 '12 Q4 '13 Q1 '13 Q2 '13 Q3 '13 Q4 '14 Q1 '14 Q2 '14 Q3 '14 Q4 '15 Q1 '15 Q2 '12 '12 '12 '12 '13 '13 '13 '13 '14 '14 '14 '14 '15 '15 Data Datasource: source:IHS IHSAutomotive. Automotive. Data Datasource: source:IHS IHSAutomotive. Automotive. Data source: IHS Automotive. Data source: IHS Automotive. MARKET TRACKER:STATE STATEMARKET VERSUS U.S. U.S. MARKET TRACKER: MARKET TRACKER: STATE MARKETVERSUS VERSUS U.S. MARKET TRACKER: STATE MARKET VERSUS U.S. State Market Has Larger Gain State Market State MarketHas HasLarger LargerGain Gain State Market Has Larger Gain Percent Percentchange changeininregistrations registrations Percent change invs.vs. registrations YTD YTD YTD'15 '15thru thruJune June YTD'14 '14 YTD '15 thru June vs. YTD '14 Passenger Passengercar carmarket marketshare share Trendline Trendline Trendline State StateMarket Market State Market 4.1% 4.1% 4.1% U.S. U.S.Market Market U.S. Market 2.6% 2.6% 2.6% 45.3% 45.3% 45.3% 45.0% 45.0% 45.0% Passenger car market share YTD June YTD'15 '15thru thru June YTD '15 thru June Domestic Domesticbrand brandmarket marketshare share 20.1% 41.3% 20.1% 41.3% Domestic brand YTD June YTD'15 '15thru thru Junemarket share 20.1% 41.3% YTD10'15 thru June market share Top Top 10brands brandsand and market share Top 10 brands and market share YTD YTD'15 '15thru thruJune June YTD First Toyota 27.0% 13.3% First '15 thru June Toyota 27.0%Toyota Toyota 13.3% First Toyota 27.0% Toyota 13.3% Second Honda 13.5% 12.5% Second Honda 13.5%Ford Ford 12.5% Second Honda 13.5% Ford 12.5% Third Nissan 10.5% 10.7% Third Nissan 10.5%Chevrolet Chevrolet 10.7% Third Fourth Fourth Fourth Fifth Fifth Nissan Ford Ford Ford Kia Kia 10.5% Chevrolet 7.9% 7.9%Honda Honda 7.9% Honda 4.1% Nissan 4.1% Nissan 10.7% 9.5% 9.5% 9.5% 7.6% 7.6% Fifth Sixth Sixth Sixth Seventh Seventh Kia Chevrolet Chevrolet Chevrolet BMW BMW 4.1% Nissan 3.9% 3.9%Jeep Jeep 3.9% Jeep 3.2% 3.2%Hyundai Hyundai 7.6% 4.9% 4.9% 4.9% 4.2% 4.2% Seventh Eighth Eighth Eighth Ninth Ninth BMW Subaru Subaru Subaru Lexus Lexus 3.2% Hyundai 3.2% 3.2%Subaru Subaru 3.2% Subaru 3.1% 3.1%Kia Kia 4.2% 4.0% 4.0% 4.0% 3.7% 3.7% Ninth Tenth Tenth Tenth Source: Source:IHS IHSAutomotive Automotive Source: IHS Automotive Lexus Hyundai Hyundai Hyundai 3.1% Kia 3.0% 3.0%GMC GMC 3.0% GMC 3.7% 3.3% 3.3% 3.3% Hawaii Hawaii Hawaii Auto AutoOutlook Outlook Auto Outlook Covering Coveringdata datathru thruJune June2015 2015 Covering data thru June 2015 Published Publishedfor: for: Hawaii Dealers HawaiiAutomobile Automobile Dealers Association Published for:Association 1100 Alakea Suite 2601 1100 AlakeaStreet, Street, Suite 2601 Hawaii Automobile Dealers Association HIHI96813 Honolulu, 96813 1100Honolulu, Alakea Street, Suite 2601 Phone: 808-593-0031 Phone: 808-593-0031 Honolulu, HI 96813 Phone: 808-593-0031 Published by: Published by: Auto Outlook, Inc. Auto Outlook,by: Inc. Published POPOBox Box390 390Inc. Auto Outlook, Exton, Exton, PA19341 19341 POPA Box 390 Phone: 800-206-0102 Phone: 800-206-0102 Exton, PA 19341 EMail: [email protected] EMail: [email protected] Phone: 800-206-0102 Editor: Jeffrey Editor: JeffreyA.A.Foltz Foltz EMail: [email protected] Editor: Jeffrey A. Foltz Reproduction, including photocopying of this Reproduction, including photocopying of thispublication publicationininwhole wholeororinin part, without the ofofAuto part,isisprohibited prohibited without theexpress expresspermission AutoOutlook, Reproduction, including photocopying ofpermission this publication inOutlook, whole Inc. orInc. in Any quoted must totoHawaii Outlook, pubAnymaterial material quoted mustbe beattributed attributed HawaiiAuto Outlook, pubpart, is prohibited without the express permission ofAuto Auto Outlook, Inc. lished bybyAuto Inc. Dealers lished AutoOutlook, Outlook, Inc.on onbehalf behalfofofthe the HawaiiAutomobile Automobile Dealers Any material quoted must be attributed toHawaii Hawaii Auto Outlook, pubAssociation, and must the IHS Association, and mustalso alsoinclude include the statement: “DataSource: Source: IHS lished by Auto Outlook, Inc. on behalf ofstatement: the Hawaii“Data Automobile Dealers Automotive. ” Unforeseen may projections. ConAutomotive. ” Unforeseen events mayaffect affect theforecast forecast projections. ConAssociation, and must events also include the the statement: “Data Source: IHS sequently, Outlook forforforecast management decisions sequently,Auto Auto Outlookisevents isnot notresponsible responsible management decisions Automotive. ” Unforeseen may affect the projections. Conbased content ofofHawaii basedononthe the content Hawaii AutoOutlook. Outlook.for management decisions sequently, Auto Outlook is notAuto responsible based onAuto the content of Hawaii Auto2015 Outlook. Copyright Inc., August Copyright AutoOutlook, Outlook, Inc., August 2015 Copyright Auto Outlook, Inc., August 2015 27 Page 3 Hawaii Auto Outlook Covering CoveringData Datathru thruJune June2015 2015 Page Page3 3 BRAND BRANDSCOREBOARD SCOREBOARD SCOREBOARD Kia, Subaru, and BMW Have Big Big Percentage Gains Gains Kia, and BMW Have Kia,Subaru, Subaru, and BMW Have BigPercentage Percentage Gains Registrations increased for 11 of the top 15 sellingselling brands Registrations Registrationsincreased increasedfor for11 11ofofthe thetop top15 15 sellingbrands brands The Thegraph graphbelow belowshows showsthe thepercent percentchange changeininnew newregistrations registrationsduring duringthe thefirst firstsixsixmonths monthsofofthis thisyear yearversus versusa ayear yearearlier earlierforforthe thetop top1515selling sellingbrands brands ininthe state. 11 brands had increases, while only 4 declined. the state. 11 brands had increases, while only 4 declined. Percent PercentChange ChangeininNew NewRetail RetailLight LightVehicle VehicleRegistrations Registrations- YTD - YTD‘15 ‘15thru thruJune Junevs. vs.YTD YTD‘14 ‘14 KiaKia Subaru Subaru BMW BMW Chevrolet Chevrolet Lexus Lexus Volkswagen Volkswagen Mercedes Mercedes Toyota Toyota Jeep Jeep Nissan Nissan Honda Honda Ford Ford Dodge Dodge Hyundai Hyundai Mazda Mazda -30.0% -30.0% -1.0% -1.0% -5.0% -5.0% -12.2% -12.2% -15.9% -15.9% -20.0% -10.0% -20.0% -10.0% 9.9% 9.9% 6.3% 6.3% 4.1% 4.1% 3.3% 3.3% 2.2% 2.2% 0.1% 0.1% 0.0% 0.0% 10.0% 10.0% 13.6% 13.6% 13.6% 13.6% 32.1% 32.1% 23.2% 23.2% 23.1% 23.1% 20.0% 20.0% 30.0% 30.0% 40.0% 40.0% Data source: IHSIHS Automotive. Data source: Automotive. COUNTY COUNTYSCOREBOARD SCOREBOARD COUNTY SCOREBOARD Maui Up Sharply in First Half of 2015 Maui Market Up Sharply in Half of MauiMarket Market Up Sharply inFirst First Half of2015 2015 Oahu market increased 1.7% Oahu increased 1.7% Oahumarket market increased 1.7% The Thetable tableononthe theright rightprovides providesa a summary summaryofofeach eachofofHawaii’s Hawaii’sfour four retail retail light light vehicle vehicle markets. markets.The The table tableis isdivided dividedinto intofour foursections. sections. Market MarketSummary Summaryshows showstotal totalnew new retail retaillight lightvehicle vehicleregistrations registrationsdurduringingthe thefirst firstsixsixmonths monthsofof2014 2014and and 2015 2015and andthe thepercent percentchange. change.The The second secondand andthird thirdsections sectionsshow show Light LightTruck Truckand andDetroit DetroitThree Threemarmarketketshare. share.The Thefourth fourthsection sectionshows shows market marketshare sharefigures figuresforforthe thetop top1010 selling sellinglight lightvehicle vehiclebrands brandsininthe the state. state.The Thetop toprated ratedcounty countyinineach each category categoryis isshaded. shaded. Maui Mauihad hadthe thelargest largestpercentage percentage increase, increase,upup17.4%. 17.4%.Detroit DetroitThree Three market marketshare sharewas washighest highestininKauai Kauai (26.4%) (26.4%)and andlowest lowestononthe theBig BigIs-Island land(17.2%). (17.2%). New NewVehicle VehicleMarkets MarketsSummary Summary Local LocalMarkets Markets Hawaii Kauai Hawaii Kauai Market MarketSummary Summary YTD 2,910 1,245 YTD2014 2014thru thruJune June 2,910 1,245 YTD 3,328 1,070 YTD2015 2015thru thruJune June 3,328 1,070 Percent 14.4% -14.1% Percentchange change 14.4% -14.1% Light LightTruck TruckMarket MarketShare Share YTD 58.4% 64.3% YTD2014 2014thru thruJune June 58.4% 64.3% YTD 61.4% 68.5% YTD2015 2015thru thruJune June 61.4% 68.5% Change 3.0 4.2 Change(share (sharepoints) points) 3.0 4.2 Detroit DetroitThree ThreeMarket MarketShare Share YTD 16.3% 22.1% YTD2014 2014thru thruJune June 16.3% 22.1% YTD 2015 thru June 17.2% 26.4% YTD 2015 thru June 17.2% 26.4% Change 0.9 4.3 Change(share (sharepoints) points) 0.9 4.3 Market Share for Top 10 Selling Brands in State YTD 2015 thru June Market Share for Top 10 Selling Brands in State - YTD 2015 thru June Toyota 33.1% 29.3% Toyota 33.1% 29.3% Honda 16.6% 11.5% Honda 16.6% 11.5% Nissan 11.2% 11.0% Nissan 11.2% 11.0% Ford 6.9% 13.2% Ford 6.9% 13.2% KiaKia 7.0% 9.2% 7.0% 9.2% Chevrolet 1.9% 6.2% Chevrolet 1.9% 6.2% BMW 2.2% 0.4% BMW 2.2% 0.4% Subaru 5.6% 3.9% Subaru 5.6% 3.9% Lexus 0.8% 0.7% Lexus 0.8% 0.7% Hyundai 1.9% 3.1% Hyundai 1.9% 3.1% Data source: IHSIHS Automotive. Data source: Automotive. 28 Maui Maui Oahu Oahu 2,974 2,974 3,490 3,490 17.4% 17.4% 19,731 19,731 20,067 20,067 1.7% 1.7% 57.6% 57.6% 61.9% 61.9% 4.3 4.3 48.9% 48.9% 51.6% 51.6% 2.7 2.7 22.1% 22.1% 24.2% 24.2% 2.2 2.2 20.1% 20.1% 19.6% 19.6% -0.5 -0.5 27.4% 27.4% 14.2% 14.2% 13.0% 13.0% 11.6% 11.6% 3.1% 3.1% 4.7% 4.7% 2.5% 2.5% 3.8% 3.8% 2.1% 2.1% 1.4% 1.4% 25.8% 25.8% 13.0% 13.0% 9.9% 9.9% 7.2% 7.2% 3.5% 3.5% 4.0% 4.0% 3.7% 3.7% 2.6% 2.6% 3.9% 3.9% 3.4% 3.4% growth engine Accelerating business performance with a range of financial solutions for Hawaii dealers. Rolf Sorenson | 310.990.5108 | [email protected] baml.com/dealerservices The power of global connections For marketing disclaimer, visit bankofamerica.com/disclaimer AD-08-13-1091_A.indd 1 29 9/16/13 1:47 PM Page 4 Hawaii Auto Outlook Page 4 Hawaii Auto Outlook Hawaii New Retail Car and Light Truck Registrations Second Quarter Registrations 2Q '14 2Q '15 13,677 14,736 TOTAL % change 7.7 Year-to-date thru June Market Share (%) 2Q '14 2Q '15 Change Registrations YTD '14 YTD '15 26,860 27,955 % change 4.1 Market Share (%) '14 '15 Change Cars Light Trucks 6,562 7,115 6,478 8,258 -1.3 16.1 48.0 52.0 44.0 56.0 -4.0 4.0 12,996 13,864 12,667 15,288 -2.5 10.3 48.4 51.6 45.3 54.7 -3.1 3.1 Domestic Brands European Brands Japanese Brands Korean Brands 2,835 1,338 8,517 987 3,004 1,481 9,165 1,086 6.0 10.7 7.6 10.0 20.7 9.8 62.3 7.2 20.4 10.1 62.2 7.4 -0.3 0.3 -0.1 0.2 5,369 2,704 16,975 1,812 5,624 2,990 17,369 1,972 4.7 10.6 2.3 8.8 20.0 10.1 63.2 6.7 20.1 10.7 62.1 7.1 0.1 0.6 -1.1 0.4 Acura Audi BMW Buick Cadillac Chevrolet C/D/J/R Total Chrysler Dodge Jeep Ram FIAT Ford GMC Honda Hyundai Infiniti Jaguar Kia Land Rover Lexus Lincoln Mazda Mercedes MINI Mitsubishi Nissan Other Porsche Subaru Tesla Toyota Volkswagen Volvo 240 128 373 23 53 543 920 46 341 370 163 34 1,144 105 1,767 464 59 10 523 47 397 21 481 288 103 49 1,422 47 43 374 26 3,727 222 44 179 116 426 47 40 596 922 58 318 359 187 27 1,171 167 1,942 458 61 12 628 51 449 23 391 323 143 37 1,430 30 66 465 36 4,209 266 25 -25.4 -9.4 14.2 104.3 -24.5 9.8 0.2 26.1 -6.7 -3.0 14.7 -20.6 2.4 59.0 9.9 -1.3 3.4 20.0 20.1 8.5 13.1 9.5 -18.7 12.2 38.8 -24.5 0.6 -36.2 53.5 24.3 38.5 12.9 19.8 -43.2 1.8 0.9 2.7 0.2 0.4 4.0 6.7 0.3 2.5 2.7 1.2 0.2 8.4 0.8 12.9 3.4 0.4 0.1 3.8 0.3 2.9 0.2 3.5 2.1 0.8 0.4 10.4 0.3 0.3 2.7 0.2 27.3 1.6 0.3 1.2 0.8 2.9 0.3 0.3 4.0 6.3 0.4 2.2 2.4 1.3 0.2 7.9 1.1 13.2 3.1 0.4 0.1 4.3 0.3 3.0 0.2 2.7 2.2 1.0 0.3 9.7 0.2 0.4 3.2 0.2 28.6 1.8 0.2 -0.6 -0.1 0.2 0.1 -0.1 0.0 -0.4 0.1 -0.3 -0.3 0.1 0.0 -0.5 0.3 0.3 -0.3 0.0 0.0 0.5 0.0 0.1 0.0 -0.8 0.1 0.2 -0.1 -0.7 -0.1 0.1 0.5 0.0 1.3 0.2 -0.1 433 227 732 40 128 957 1,711 124 623 665 299 65 2,235 219 3,778 952 156 18 860 88 774 34 924 670 211 75 2,863 96 90 724 42 7,247 425 86 375 233 901 79 84 1,087 1,751 117 592 687 355 51 2,213 274 3,782 836 122 27 1,136 90 879 46 777 712 285 69 2,927 62 113 892 85 7,543 467 57 -13.4 2.6 23.1 97.5 -34.4 13.6 2.3 -5.6 -5.0 3.3 18.7 -21.5 -1.0 25.1 0.1 -12.2 -21.8 50.0 32.1 2.3 13.6 35.3 -15.9 6.3 35.1 -8.0 2.2 -35.4 25.6 23.2 102.4 4.1 9.9 -33.7 1.6 0.8 2.7 0.1 0.5 3.6 6.4 0.5 2.3 2.5 1.1 0.2 8.3 0.8 14.1 3.5 0.6 0.1 3.2 0.3 2.9 0.1 3.4 2.5 0.8 0.3 10.7 0.4 0.3 2.7 0.2 27.0 1.6 0.3 Young Brothers: HADA (REV - 6/15) • 7.75”w x 3.187”H (1/3H) 115 YEARS OF SERVICE ................................................................................................ YOuNg BrOtherS is proud to be a part of hawai‘i‘s communities 1.3 -0.3 0.8 0.0 3.2 0.5 0.3 0.2 0.3 -0.2 3.9 0.3 6.3 -0.1 0.4 -0.1 2.1 -0.2 2.5 0.0 1.3 0.2 0.2 0.0 7.9 -0.4 1.0 0.2 13.5 -0.6 3.0 -0.5 0.4 -0.2 0.1 0.0 4.1 0.9 0.3 0.0 3.1 0.2 0.2 0.1 2.8 -0.6 2.5 0.0 1.0 0.2 0.2 -0.1 10.5 -0.2 0.2 -0.2 0.4 0.1 3.2 0.5 0.3 0.1 27.0 0.0 1.7 0.1 0.2 -0.1 Source: IHS Automotive. Dependable and reliable inter-island shipping. 12-Weekly Sailings from O‘ahu: Kaua‘I............2.times.a.week MauI..............3.times.a.week MOlOKa‘I......2.times.a.week KaWaIhae.....2.times.a.week. hIlO...............2.times.a.week lāNa‘I............1.time.a.week Your Neighbor Island Partner For your interisland shipping call us at 808-543-9311. Neighbor Islands toll-free at 1-800-572-2743. www.youngbrothershawaii.com 30 From Ship to Showroom Pasha Hawaii Proven Automotive Logistics solutions, backed by over 60 years of experience. A full range of valueadded services is available to Hawaii dealers and rental car companies for vehicles transiting to and from the West Coast of California and Hawaii. The only Pure Car Truck Carrier Service between Hawaii and the Mainland, with fully-enclosed decks for maximum protection of your vehicles. pashahawaii.com • Hawaii (808) 538-2130 • California (951) 837-6485 31 In a word, we’re driven. For decades, Matson has supported Hawaii’s auto dealers as both a friend and partner. We have more sailings, more often, to and from Hawaii than any other carrier. The Hawaii Auto Dealers Association can rely on Matson to continue its proud tradition of providing regular, reliable delivery of automobiles and outstanding service, including up-to-date technology for vehicle status reporting and tracking. And after 130 years of service to the islands, members can continue to count on Matson to deliver. For more information, call our Customer Support Center at (800) 4-MATSON or visit matson.com.
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