Volkswagen President and CEO, Scott Keogh, joined the NY Auto Forum in advance of the New York International Auto Show to discuss what he describes as a “higher calling” for VW and the automotive industry as a whole.
Closing out a packed agenda at the annual NY Auto Forum, Bob Carter, Toyota’ EVP of Sales discussed dangers posed by tariffs, suggested a reality check for EV demand and shared some thoughts regarding the future of personal vehicle ownership.
President Trump, Treasury Secretary Steve Mnuchin, U.S. Treasurer Jovita Carranza, and a crowd of more than 300 attendees heard from business leaders about the benefits of the Tax Cuts and Jobs Act, which was signed into law in 2017.
Commercial vehicle sales continued to post gains in the first quarter of 2019 with sales up by 12.7%.
After a sluggish start to the year due to the federal government shutdown and several weather-related events, the seasonally adjusted annual rate (SAAR) of sales in March was at a strong 17.48 million units—bringing the SAAR for the first quarter up to 16.94 million.
The MTF coalition has been advocating for repeal of the FET as part of a larger infrastructure package that Congress is debating to help fix both America’s roads and bridges and the broken Highway Trust Fund into which funds from the FET are paid.
The outdated tax adds tens of thousands of dollars to the cost of a new commercial truck, while keeping older, less safe and less fuel-efficient ones on the road longer, ATD says in a new video.
Through February, new light-vehicle sales were down 2.5% compared to this time last year. The monthly SAAR of 16.53 million units represented the lowest monthly SAAR since February 2015.