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Published: Friday, December 01, 2017 @ 10:02 AM
Updated: Friday, December 01, 2017 @ 10:01 AM
DETROIT — Black Friday deals and strong consumer confidence pushed auto sales higher in November despite waning demand for post-hurricane replacement vehicles.
U.S. sales of new cars and trucks rose 1 percent to nearly 1.4 million, according to Autodata Corp., a market analysis firm.
Some analysts initially predicted that November sales would drop as post-hurricane sales slowed in Texas and Florida. But Black Friday promotions — which began in early November — helped lure buyers to dealerships.
Fiat Chrysler was offering up to $16,000 off its Chrysler 300 sedan, while Hyundai was kicking $3,750 off the price of a Santa Fe SUV. Car buying site KBB.com said automotive credit applications rose 42 percent on Black Friday compared to other Fridays in November.
Automakers were offering an average of $3,700 to $3,800 in incentives per vehicle in November. As prices creep up, deals are creeping up with them, analysts say. The trend will likely continue in 2018, when U.S. sales are expected to drop and automakers will be keen to hold on to their market share.
November sales were buoyed by strong U.S. consumer confidence, which was at its highest level since November 2000, according to the Conference Board.
Here are other details about November sales:
— Subaru brand sales rose 1 percent to 51,721 vehicles. Sales of the recently revamped Impreza sedan more than tripled, offsetting declines for the Outback SUV.
— Hyundai Motor Co. sales fell 9 percent to 55,435 vehicles. Sales of its Tucson SUV were up 51 percent but couldn't offset steep declines in car sales. Genesis luxury sales rose slightly.
— Toyota Motor Corp. sales fell 3 percent to 191,617 even though the revamped Camry sedan and the RAV4 small SUV posted record November numbers. Increased truck and SUV sales were offset by steep declines in car sales. Luxury Lexus sales were down 7 percent.
— Honda Motor Co. sales rose 8 percent to 133,156. Sales of the CR-V SUV jumped 25 percent. Luxury Acura sales were up 10 percent.
— General Motors Co.'s sales fell 3 percent to 245,387. Cadillac sales dropped 13 percent, but GMC, Chevrolet and Buick saw smaller declines. GM's best-seller, the Chevrolet Silverado pickup, was up 3 percent.
— Fiat Chrysler sales fell 4 percent to 154,919. Chrysler brand sales jumped 14 percent on strong sales of the Pacifica minivan, and Alfa Romeo sales rose. But sales fell for the company's Ram, Jeep, Dodge and Fiat brands.
— Volkswagen brand sales were down 1.6 percent to 29,207 as a new Tiguan SUV started rolling out to dealerships.
— Ford Motor Co. sales jumped 7 percent to 210,771 on strong demand for trucks and SUVs. Ford sold 72,769 F-Series pickups, marking that vehicle's best November since 2001. Luxury Lincoln sales fell 5.5 percent.
Published: Monday, April 23, 2018 @ 4:45 PM
DAYTON — More 1,000 people and over 160 employers will be at the 2018 Spring Job Fair Wednesday, April 25 at the University of Dayton Arena.
Government agencies and private sector companies spanning construction, engineering, education, health care, information technology, manufacturing, professional services and transportation will be on hand, according to organizers.
“People are in big demand now and this gives a a nice opportunity for the job seeker to meet with the hiring people for each company,” said Mark S. Anderson, an event organizer with Montgomery County Development Services.
The county agency and Wright-Patterson Air Force Base will host the fair.set from 1 p.m. to 4 p.m., which is open to both civilians and military personnel. “It’s open to all residents in the entire Miami Valley,” he said.
To register, log onto OhioMeansJobs.com/montgomery .
Montgomery County and Wright-Patterson plan a similar fall jobs fair in September at the Nutter Center at Wright State University, but a date has not yet been scheduled, Anderson said.
MORE MILITARY NEWS
Published: Monday, April 23, 2018 @ 4:24 PM
Macy’s will open an outlet store at the Dayton Mall in June.
The department store will open its first Dayton-area Backstage outlet store at the Dayton Mall on June 6. The new outlet store will have approximately 12,900 square feet of dedicated retail space and will live on the second level inside the full-line Macy’s. The grand opening will be celebrated with giveaways for the first 200 customers and special events throughout the day.
» TRENDING COVERAGE: Macy’s ‘fine-tuning’ staffing at some stores
“Our customers are excited about the Macy’s Backstage shopping experience,” said Michelle Israel, Macy’s Senior Vice President of Off Price. “Macy’s Backstage Dayton Mall was designed to bring great deals and the fun of the hunt into our existing location. If you’re looking for a fashion update, a last-minute gift, or a special treat for yourself, your home or your pet, we have you covered.”
Seven free-standing Backstage stores opened in the Northeast and San Antonio, TX in 2015 and 2016. In the subsequent years, Macy’s has opened approximately 63 store-within-store locations, allowing customers to shop both merchandise offerings in one trip to their local mall. There are currently 70 Macy’s Backstage locations across the U.S.
The Dayton Daily News was the first to report about the Backstage outlet coming to the region. The estimated market value of the completed project is $75,000.
FIVE FAST BUSINESS READS
Published: Monday, April 23, 2018 @ 3:29 PM
A vegetable item sold in Ohio ALDI stores has been recalled.
McCall Farms Inc. is voluntarily recalling a limited amount of cases of Happy Harvest Spinach in 13.5 ounce cans as a precautionary measure due to the potential presence of peanuts resulting from product mislabeling, the U.S. Food and Drug Administration announced.
The product was available for purchase in the following states: Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, Virginia, Wisconsin, and West Virginia. The product was also available for purchase to ALDI customers in the Atlanta and Chicago areas through the company’s partnership with Instacart, a grocery delivery service.
All affected product has been removed from its stores. ALDI is the only retailer with this product. The product was packaged in 13.5 oz cans with the lot code of A23IX. The best-by date is January 2021. The UPC code is 041498131289.
FIVE FAST BUSINESS READS
Published: Monday, April 23, 2018 @ 8:52 AM
— In the wake of last week’s fatal Southwest Airlines accident, about 500 people tied to two regional companies are involved in inspecting engine fan blades, making sure those components are airworthy.
Those companies are also supporting investigations into why the Southwest aircraft engine blew apart last week, killing a passenger on a New York-to-Dallas flight.
CFM International — a joint venture between French firm Safran and GE Aviation headquartered in West Chester Twp. in Butler County — late last week issued a service bulletin to operators of CFM56-7B engines, which power certain Boeing 737 airplanes. The bulletin calls for inspections of fan blades on engines that have been in service for a long time.
“The big effort right now is the 500 GE and Safran team members involved in assisting airlines with the fan-blade inspection program,” said a spokesman for GE Aviation, Rick Kennedy.
The European Aviation Safety Agency and the Federal Aviation Administration have each issued emergency airworthiness directives calling for inspections of fan blades on CFM56-7B engines.
This has wide ramifications.
Southwest Airlines is cancelling about one percent of its flights due to the need for inspections. About 40 flights have been impacted, a media report said.
Last week, an affected Southwest Boeing 737 took off Tuesday from New York, headed for Dallas. About 20 minutes into the flight, at an altitude of about 32,500 feet, a fan blade broke off the engine and shrapnel shattered a window.
#FAA Statement (1/4): The FAA issued an Emergency Airworthiness Directive (EAD) https://t.co/NTqXpA3PY4 that requires operators to inspect fan blades on certain CFM56-7B engines within 20 days.— The FAA (@FAANews) April 20, 2018
Full FAA statement available at https://t.co/CfDPmo5EOT.
A passenger on that flight, Jennifer Riordan, 43, was sucked part of the way out of the broken window and pulled back inside by fellow passengers.
The engine in question is assembled in the GE-Evendale plant and by Safran (previously Snecma )in Villaroche, France.
It looks like the Federal Aviation Administration will require inspections of certain engines made by a Butler County, Ohio company, CFM International. https://t.co/9JzldOxXe0— Thomas Gnau (@ThomasGnau) April 19, 2018
CFM, which has offices in West Chester Twp., is a joint venture of French firm Safran and GE.
Jamie Jewell, a GE Aviation spokeswoman, said the CFM engine has been in service since 1997 and production has been gradually phasing out as GE and CFM ramp-up introduction of the new LEAP engine.
"None of that is as a result of SWA (Southwest Airlines) incident," Jewell said in an email.
The engine's fan blade is produced by Safran, but the National Transportation Safety Board is leading the investigation. Jewell said the companies do not expect to rely on the University of Dayton Research Institute (UDRI) for any post-accident engine component testing at this time.
UDRI is involved in testing of engine casings or housings to help determine how durable those components are.
CFM sent a team of technical representatives to the site to assist NTSB and government investigators in their probe of what happened on the Southwest flight.
Citing international conventions governing these investigations, Jewell said she can't comment on whether any causes have been identified in the Southwest accident.