May Sales and Profits Increase in Auto Industry
While recalls still outnumber the total automobiles sold this year so far, profits and sales for cars did increase in May. The sales this past month actually surpassed the seasonally adjusted rate for units sold at just over 16 million. This is the third month in a row that this as occurred, according to Forbes magazine.
Forbes also stated that this good news, in conjunction of slow but steady growth over the past 5 years could actually place sales of new cars at pre-recession levels in the coming months. Car manufacturers are also seeing profits increase month over month, when not counting all of the recent recalls for General Motors. Although, some of these larger profit margins are due to what automakers call ‘infrequent items’. For the year 2014, Chrysler Group expects to see profits upward of $650 million.
Safety and Telematics Meetings held by ASA on Capitol Hill
Living in FL, we have been accustomed to not being required to get periodic motor vehicle inspections (PMVI). In many states throughout the country there are various types of inspections due – anything from emissions to standard checks for safety equipment in your vehicle. Here in FL, we are not required to submit our vehicles to any of these checks, a luxury that not many other states can afford.
While meeting with members of congress this past week, the Automotive Service Association (AMA) mechanical division urged them to work with the NHTSA or National Highway Traffic Safety Administration, in order to promote vehicle inspections. While this will create more bureaucracy and red tape, the benefits to the environment could be significant. Currently, FL does not require an emissions inspection on an annual basis. This is reflected in the numerous cars in the state that have black smoke pouring out of their exhaust and contributing to rising levels of CO2 in the atmosphere. With the implementation of annual emission checks, we will be able to get the old, inefficient cars that do not have proper exhaust systems off of the road.
At Sanford Paint & Body and Martin’s Collision Center, we always ensure that the vehicles we repair are back to normal, working function before we sign off on releasing the vehicle back to the customer. Ensuring that our client’s car meets national emission standards are our top priority. The last thing we want is to have a car on the road that is not friendly to the environment. We also always make sure that we dispose of waste at our facilities with the extreme car required to meet the standards set at a national level. We are I-CAR Gold certified!