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190-531 | Administering Lotus QuickPlace 3

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190-531 - Administering Lotus QuickPlace 3 - braindump

Vendor Lotus
Exam Number 190-531
Exam Name Administering Lotus QuickPlace 3
Questions 90 Q & A
Recent Update October 15, 2018
Free PDF Download 190-531 Brain Dump
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190-531 exam Dumps Source : Administering Lotus QuickPlace 3

Test Code : 190-531
Test Name : Administering Lotus QuickPlace 3
Vendor Name : Lotus
Q&A : 90 Real Questions

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Lotus Administering Lotus QuickPlace 3

neighborhood Lotus responds to rumors about its management team, fitness of company | killexams.com Real Questions and Pass4sure dumps

Lotus vehicles issued a bizarre press release on Wednesday in a counterattack in opposition t information that the company is in trouble.

while it took pot photographs at Tony Fernandes, Mike Gascoyne and others, the statement also provided some effective detail concerning the current industrial relationship between community Lotus and Lotus F1.

As revealed last month on www.pace.com, the F1 team is not any longer sponsored by the motor vehicle enterprise.

as a substitute, the brand new arrangement takes the kind of a £30 million ($forty seven.7 million) personal loan from group Lotus owners Proton, and Wednesday's statement gives specific details of the deal—together with the incontrovertible fact that the F1 group in its entirety has been put up as collateral, meaning that if the mortgage is not repaid, Proton will profit control of the team.

with regard to the F1 involvement, the statement reads as follows: “Lotus F1 group and neighborhood Lotus have reshaped their business relationship past this yr. the new governance settlement signifies the continued dedication of community Lotus to the crew and the recreation.

“community Lotus's branding and advertising rights and subsequent activities stay unaffected by using the new settlement except at least 2017. Alongside persisted branding and title partnership repute, community Lotus is additionally the exclusive master licensee for all Lotus F1 team merchandise.

“the brand new agreement turned into reached following group Lotus house owners Proton offering crew homeowners Genii with a £30m personal loan which is repayable inside three years. with a purpose to cozy the loan, Genii used 100 percent of the F1 team's assets as collateral, meaning that below the conditions of the personal loan contract Proton have been given full title assure to all plant, equipment, demonstrate cars, computer systems, office and the Lotus F1 crew headquarters.

“in addition, Proton retains the rights to purchase 10 % of the F1 group. a further 10 p.c share alternative should be activated if the group default on their personal loan tasks with Proton.”

the entire text of a press release despatched out in an electronic mail blast by Lotus on Wednesday follows:

Take a little analyze what we found online. don't you suppose or not it's humorous? We do. We had an outstanding historical snicker. in any case, we adore slightly of self irony, simply as well really. even though it's humorous, this one's no longer correct however then again, why let the information get in the way of a great story? The inconvenient truth is--surprise, surprise--we have never spoke of that there aren't any problems at Lotus.

So at the same time as loads of americans absolutely feel the deserve to touch upon Lotus' present circumstance in the absence of proper information or facts, we can't ignore these selected mistruths from now on even if we would like to, so we now have determined to show a bad into a positive and use this hilarious piece of ‘paintings' to set the record straight involving the fame quo at group Lotus and try to come a little balance to a fast changing circumstance.

False rumour #1: Dany Bahar is not any longer CEO of group Lotus.

reality: rubbish – Dany Bahar nevertheless is.

False hearsay #2: Dato' Sri Syed is not any longer Managing Director of Proton.

fact: again rubbish. He nevertheless is.

which you can thank good old Tony Fernandes for these two. do not take every little thing he tweets too seriously—possibly he is nonetheless frustrated about possessing Caterham in its place of Lotus and the indisputable fact that he fights HRT and Marussia in its place of Mercedes and Ferrari in F1.

And even as we're almost about jokes—did you know the latest F1 joke? Mike Gascoyne, Caterham group's Chief Technical Officer, has gone missing. Why? he is hunting for the 30 to forty points he predicted for the closing F1 season. funny.

speakme of F1: It seems that one special so known as ‘independent' source is at the root of the lion's share of damaging rumours and misleading stories. The pleasant Joe Saward which leads us properly to…

False hearsay #three: Joe Saward is just an independent journalist.

fact: he is an lively Director for the Caterham group.

and unlike some, we don't are looking to get too personal, so we will leave it to you to judge how ‘impartial' his studies about Lotus are.

False rumour #four: group Lotus is not any longer concerned in F1.

fact: Lotus F1 crew and community Lotus have reshaped their business relationship prior this 12 months. the new governance settlement signifies the continued commitment of community Lotus to the group and the sport.

community Lotus' branding and advertising rights and subsequent actions remain unaffected by the new contract except at least 2017. Alongside continued branding and title partnership status, group Lotus is additionally the unique grasp licensee for all Lotus F1 team merchandise.

the new settlement was reached following group Lotus owners Proton proposing team homeowners Genii with a £30m mortgage which is repayable inside three years. in an effort to comfortable the personal loan Genii used 100% of the F1 crew's assets as collateral which means that beneath the situations of the personal loan contract Proton were given full title assure to all plant, equipment, reveal cars, computers, workplace and the Lotus F1 group headquarters.

additionally Proton retains the rights to purchase 10% of the F1 group. one other 10% share alternative could be activated if the group default on their loan obligations with Proton.

again we leave it to your judgement how ‘unhealthy' Lotus' existing situation in F1 is. And speaking of unhealthy situations…

False rumour #5: neighborhood Lotus goes into administration.

truth: rubbish. The takeover of our dad or mum enterprise Proton through DRB-HICOM couldn't have come at a worse time, but up except that factor Proton become (and nevertheless is still) fully committed to our 5 12 months marketing strategy to create jobs and to expand the factory and enterprise. With the takeover system the funding has been restricted and DRB-HICOM is taking time to understand what to do with the enterprise. DRB-HICOM is currently within the core of due diligence of neighborhood Lotus and there were and proceed to be nice discussions between neighborhood Lotus senior administration and senior management at DRB-HICOM both right here in Hethel and in Malaysia. At no element has DRB-HICOM indicated to group Lotus that it intends to position the business into administration. The over-lively hearsay mill is severely destructive our company attractiveness, photo and credibility but it is what it is.

The basic truth is, and we've not denied this—Lotus is going via a really tricky section in the intervening time but we're displaying proper fighting spirit daily in making an attempt to keep this imaginative and prescient alive. this is also a truth—no matter what americans outside of Lotus may additionally say or tweet or weblog.


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Lotus simply became A shaggy dog story into a PR disaster On fb | killexams.com Real Questions and Pass4sure dumps

in the annals of company history, I doubt any company has ever flipped their shit extra completely than Lotus simply did in this facebook put up. intended to be a response to media reports concerning the automaker's economic issues, management instability, and one often harmless funny story, it right now grew to be the best example of how not to interact in public relations on social media.

Come and enter the delusion with us.

Lotus is an automaker that has historically been a funds-loser for whatever thing better business has owned the tiny area of interest manufacturer. The current owners — Malaysia's Proton — had been simply purchased by means of Malaysian mega agency DRB-Hicom. that's leading to all sorts of questions in regards to the way forward for Lotus and its CEO Dany Bahar, who once freaked out when speakme to us.

Article preview thumbnail Lotus wants to build Fatter automobiles

We desired to listen to from Lotus about why their new lineup looks to contradict Lotus lifestyle of…

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the click hasn't been convenient on Bahar and his bold "five-12 months plan" to save Lotus with the aid of introducing a bunch of fashions and hanging out with Billy Stanley Baldwin and Sharon Stone.

Article preview thumbnail Lotus Is useless, lengthy are living Lotus

The spirit of Colin Chapman died nowadays, as a creepy green dude watched on. modern day E-gasmic…

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The typical influence is that Lotus has down-performed the consistent drumbeat of bad information. That influence led marvelous parody auto information web site SniffPetrol to create a picture displaying Bahar dressed up as "Baghdad Bob" — Iraq's notoriously cheery ex-advice minister — attempting to guarantee individuals Lotus became in decent shape.

There are supposed to be three the way to reply to a comic story made at your rate: Ignore it, play along, or get mad.

Lotus managed to discover a fourth approach — acting like they may be enjoying alongside whereas truly going into an evident and demented paranoid spiral. First, the automaker — without asking permission — used that image and sent it out together with what can best be described as a bitch-fest of a press release in an electronic mail to house owners. while the responses to that could be seemingly saved between Lotus PR and the house owners — thereby hiding their disgrace from public view — their subsequent stream wasn't deepest. The PR crew subsequent posted the total press release and the photograph to fb.

at first look, it very nearly seems like Lotus is taking things in stride and is in on the shaggy dog story.

Take a bit analyze what we discovered on-line. don't you think it be humorous? We do. We had a good historic snicker. after all, we adore somewhat of self irony, simply as smartly in reality. although it's funny, this one's now not accurate but then once again, why let the statistics get in the way of a good story? The inconvenient truth is – surprise, surprise – we now have under no circumstances pointed out that there aren't any issues at Lotus.

it's most effective when you dive past the first paragraph that you simply see simply how large they've had to open their mouth as a way to fit in that Lotus-branded carbon fiber idler:

So while a lot of americans definitely feel the should touch upon Lotus' latest circumstance in the absence of appropriate records or facts, we can not ignore these specific mistruths from now on in spite of the fact that we'd like to, so we now have determined to turn a poor into a positive and use this hilarious piece of ‘artwork' to set the checklist straight involving the fame quo at community Lotus and try to come back a bit steadiness to a quick altering situation.

False hearsay #1: Dany Bahar isn't any longer CEO of community Lotus.reality: rubbish – Dany Bahar nonetheless is.

False rumour #2: Dato' Sri Syed is not any longer Managing Director of Proton.fact: once more garbage. He nevertheless is.

that you could thank decent historical Tony Fernandes for these two. do not take everything he tweets too significantly – most likely he is still pissed off about possessing Caterham in its place of Lotus and the undeniable fact that he fights HRT and Marussia as a substitute of Mercedes and Ferrari in F1.

And at the same time as we're almost about jokes - do you know the newest F1 joke? Mike Gascoyne, Caterham community's Chief Technical Officer, has long gone lacking. Why? he's attempting to find the 30 to forty features he expected for the closing F1 season. humorous.

speaking of F1: It looks that one particular so known as ‘impartial' source is on the root of the lion's share of harmful rumours and misleading experiences. The delightful Joe Saward which leads us properly to….

False hearsay #3: Joe Saward is barely an unbiased journalist.fact: he's an energetic Director on the Caterham neighborhood Board.

and in contrast to some, we don't need to get too very own, so we are going to go away it to you to choose how ‘independent' his studies about Lotus are.

False hearsay #4: community Lotus isn't any longer concerned in F1.fact: Lotus F1 group and group Lotus have reshaped their business relationship earlier this 12 months. the new governance contract signifies the continued commitment of community Lotus to the group and the recreation.

community Lotus' branding and advertising and marketing rights and subsequent activities stay unaffected by means of the brand new contract except as a minimum 2017. Alongside continued branding and title partnership status, group Lotus is also the exclusive master licensee for all Lotus F1 crew merchandise.

the new contract was reached following neighborhood Lotus homeowners Proton providing crew owners Genii with a £30m mortgage which is repayable inside three years. with a view to at ease the personal loan Genii used 100% of the F1 group's belongings as collateral meaning that under the situations of the mortgage agreement Proton were given full title guarantee to all plant, equipment, display automobiles, computers, workplace and the Lotus F1 team headquarters.

additionally Proton retains the rights to purchase 10% of the F1 team. one more 10% share choice should be activated if the team default on their personal loan tasks with Proton.

once more we go away it to your judgement how ‘unhealthy' Lotus' existing condition in F1 is. And talking of unhealthy instances…..

False hearsay #5: group Lotus is going into administration.truth: rubbish. The takeover of our dad or mum company Proton through DRB-HICOM couldn't have come at a worse time, however up except that aspect Proton became (and still is still) completely committed to our five year marketing strategy to create jobs and to extend the factory and enterprise. With the takeover technique the funding has been limited and DRB-HICOM is taking time to be aware what to do with the enterprise. DRB-HICOM is currently within the center of due diligence of neighborhood Lotus and there had been and continue to be high quality discussions between group Lotus senior management and senior management at DRB-HICOM both here in Hethel and in Malaysia. At no point has DRB-HICOM indicated to neighborhood Lotus that it intends to place the business into administration. The over-active hearsay mill is critically damaging our business attractiveness, graphic and credibility however it is what it is.

The simple fact is, and we have not denied this - Lotus goes through a extremely elaborate section in the meanwhile however we are displaying true fighting spirit daily in making an attempt to preserve this vision alive. here's additionally a fact – no matter what americans backyard of Lotus can also say or tweet or weblog.

It reads like a manifesto — and the type of notes individuals post to fb earlier than going insane and shooting up their office.

See, the worst way to reply to a comic story is to faux such as you get it and then flip round and in fact absolutely grant the premise. it be like asserting:

"No, no. We get it. We're no longer in denial. NOW LET ME GO AND DENY every single element any individual HAS EVER MADE ABOUT US!"

Judging through the responses on facebook and Twitter, we're now not the simplest ones who believe this fashion.

[View the story "Lotus Throws A Fit: The Responses" on Storify]

The response on Twitter has been even harsher, with journalists gleefully having fun with the breakdown. automobile.com's Blake Z. Rong summed it up properly when he referred to "i love auto journalism. No depend what our ameliorations or opinions, we will all come collectively sooner or later and bash the hell out of Lotus."

historically, Lotus is prevalent for constructing things that are small. CEO Bahar has made it clear he desires to do big issues.

Congrats, Dany, you probably did it. you've gotten failed at PR and social media in a large means.




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U.S. And Belgium Nab Chinese Spy Accused Of Stealing GE Jet Engine Tech And More | killexams.com real questions and Pass4sure dumps

a large passenger jet sitting on top of an airport© GE Aviation

In an apparent first-of-its-kind operation, or at least the first to be successful against the Chinese government, U.S. authorities have secured the extradition of a senior member of that country’s top civilian intelligence agency from Belgium after coaxing him there in the first place. Yanjun Xu stands accused of orchestrating the theft of trade secrets, potentially including details on U.S. military-related systems, from American aerospace companies including GE Aviation. The news comes as President Donald Trump and his administration have become increasingly critical of various Chinese activities targeting the United States, including its long-standing economic and military espionage operations.

Belgian authorities arrested Xu on April 1, 2018, and the U.S. Department of Justice announced his extradition to the United States on Oct. 10, 2018. The intelligence officer, the deputy division head of the Jiangsu Province office of the Ministry of State Security (MSS), reportedly first began attempting to infiltrate into the American aviation and aerospace sectors in December 2013.

“This case is not an isolated incident. It is part of an overall economic policy of developing China at American expense,” Assistant U.S. Attorney General John Demers said in a statement. “We cannot tolerate a nation’s stealing our firepower and the fruits of our brainpower.”

Xu, using the aliases Qu Hui and Zhang Hui, is said to have lured experts to China under the pretenses of delivering presentations to university students and often passed himself off as a member of the Jiangsu Science and Technology Promotion Association. He would try to convince them to bring sensitive documents with them and then turn them over to him.

GE9X engines. Yanjun Xu allegedly sought to acquire details about the company's jet engine developments."data-portal-copyright="GE Aviation"/>

The nature of his capture suggests that he would then seek to expand the relationship and secure additional information. He arrived in Belgium in March 2018, to meet with an engineer from GE Aviation, but was instead detained by authorities in that country.

The unnamed engineer had kept up contacts with Xu and met with him in China between May and June 2017. GE Aviation had become aware of this security breach and shared that information with the FBI, which helped set the stage for the European sting.

The apparent goal of the Chinese effort to steal secrets from GE Aviation had to do with the desire to acquire details on advanced jet turbine engine technology. China has historically struggled to build efficient and reliable jet engines, which have hampered its civil and military aviation programs, especially with regards to large airliners and cargo aircraft.

In 2011, GE actually established a joint venture with a Chinese firm that involved the sharing of engine and other aviation-related technical data. The American company saw it as a path to increase engine sales to the country, a lucrative, but potentially risky market that it continues to work within. In 2017, it signed new deals with Chinese firms worth approximately $3.5 billion that included new engine sales.

Y-20 large airlifter has been significantly limited by the need to use Russia D-30KP-2 jet engines due to delays in the development of the domestic WS-20 high-bypass turbofan engine."data-portal-copyright="Alert5 via Wikimedia"/>

The Department of Justice did not name any other company swept up in the alleged affair, but Assistant Attorney General Demers’ reference to “firepower” suggests that defense contractors were also, not surprisingly, targets. The MSS is also implicated in the theft of information about a top-secret U.S. military anti-ship missile program called Sea Dragon earlier in 2018. That was reportedly the result of a cyber attack rather than the more traditional espionage Xu allegedly took part in, though.

In August 2018, the FBI had also detained Chinese national Xiaoqing Zheng for stealing thousands of sensitive files from GE's power division regarding turbines for powerplants, but it's not clear if this is related to Xu's operation. Zheng reportedly planned to smuggle the information back to China to support his own business venture.

Xu’s case is reportedly linked to the arrest of Ji Chaoqun, another Chinese national who was living in Chicago, in September 2018, according to The Washington Post. The U.S. government says that Ji helped pass information on potential recruitment targets for economic espionage to the MSS. It is not clear yet whether or not Ji was working directly with Xu or any member of his network.

“If not the first, this is an exceptionally rare achievement – that you’re able to catch an espionage operative and have them extradited to the United States,” John Carlin, a former Assistant U.S. Attorney General for National Security, told The Post. “It significantly raises the stakes for China and is a part of the deterrence program that some people thought would never be possible.”

It is certainly an important victory for the United States, which has openly criticized China’s efforts to steal important economic and military information for years, often exploiting Americans to do so. Just in June 2018, the FBI arrested Ron Rockwell Hansen, a former Defense Intelligence Agency case officer, for delivering classified and sensitive materials to Chinese intelligence agents in exchange for hundreds of thousands of dollars over the span of multiple years. In spite of those regular allegations, it has proven difficult to halt Chinese espionage activities in the physical realm, as well as in cyberspace.

Xu’s arrest and extradition also follow a new surge in terse rhetoric between American and Chinese officials, including from Trump and Vice President Pence. In the last year, relations between the two countries have gone from cool to frigid amid renewed disputes over the heavily contested South China Sea, an escalating trade war, a simmering row over U.S. ties with Taiwan, and now accusations that China is waging a more concerted influence operation to leverage criticism of the Trump Administration.

“Beijing is employing a whole-of-government approach, using political, economic, and military tools, as well as propaganda, to advance its influence and benefit its interests in the United States,” Vice President Pence said in a speech on Oct. 4, 2018. “Worst of all, Chinese security agencies have masterminded the wholesale theft of American technology – including cutting-edge military blueprints. And using that stolen technology, the Chinese Communist Party is turning plowshares into swords on a massive scale.”

The U.S. government’s charges against Xu also come as other vulnerabilities and potential become glaringly obvious. On Oct. 9, 2018, the Government Accountability Office (GAO) sounded the alarm that the U.S. military as a whole could be worryingly exposed to cyber attacks and did not have a good grasp on the full extent of the present risks it faces.

The Congressional watchdog’s report had no recommendations, in no small part because it was clear that there was not enough information on the extent of the problems that would need fixing. The U.S. military is more connected than ever, including with defense contractors and other third parties, which only expands the number of potential vectors for a cyber attack.

“Vulnerabilities that DOD [the Department of Defense] is aware of likely represent a fraction of total vulnerabilities due to testing limitations,” GAO’s investigators reported. “For example, not all programs have been tested and tests do not reflect the full range of threats.”

There are also increasing concerns about the security and surety of the physical supply chains supporting the U.S. military and the U.S. defense industry, both of which rely directly and indirectly on raw materials and manufacturing resources located in China. Though all of the parties involved have repeatedly denied its most basic details, a recent story from Bloomberg Businessweek alleged the Chinese government had manipulated computer parts at the factory to insert malicious components that could give it access to servers around the world.

Even if that report turns out to be false, it no doubt describes techniques China’s intelligence services would be interested in trying to employ if at all possible. It certainly would be well in line with what else is publicly understood about their attempts to vacuum up important information from their competitors and potential opponents.

“U.S. aerospace companies invest decades of time and billions of dollars in research. This is the American way,” Assistant Attorney General Demers said in his statement regarding Xu’s extradition. “We will not tolerate a nation that reaps what it does not sow.”

The ability to put the Chinese intelligence officer on trial in the United States will definitely show authorities in Beijing that the United States is serious about cracking down on its spying operations. It remains to be seen whether or not the U.S. government will be able to produce additional victories of this scale that will truly put the pressure on China to consider changing course after years of its own successes.

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Sales fall as second-half slowdown takes root; SAAR hits 17.54M | killexams.com real questions and Pass4sure dumps

» Click here for more detailed sales data» Click here to skip the data and read the articleCLICK HERE to view this full table Automaker Sept. 2018 Sept. 2017 Pct. chng. 9 mos. 2018 9 mos. 2017 Pct. chng. BMW of N.A. 29,459 29,393 0.2% 260,068 255,733 1.7%     BMW 25,908 25,571 1.3% 225,065 220,175 2.2%     Mini 3,461 3,736 -7.4% 34,193 34,787 -1.7%     Rolls-Royce* 90 86 4.7% 810 771 5.1%   BMW of N.A. 29,459 29,393 0.2% 260,068 255,733 1.7% FCA US 199,819 174,266 14.7% 1,679,983 1,579,138 6.4%     Alfa Romeo 1,639 1,268 29.3% 18,160 7,352 147.0%     Chrysler 14,683 15,759 -6.8% 127,156 143,809 -11.6%     Dodge 42,101 29,938 40.6% 359,728 365,790 -1.7%     Fiat 1,185 2,206 -46.3% 12,084 21,252 -43.1%     Jeep 83,764 73,409 14.1% 746,194 622,242 19.9%     Ram 56,447 51,686 9.2% 416,661 418,693 -0.5%   FCA US 199,819 174,266 14.7% 1,679,983 1,579,138 6.4%     Maserati* 950 1,119 -15.1% 8,413 9,991 -15.8% Fiat Chrysler Automobiles 200,769 175,385 14.5% 1,688,396 1,589,129 6.2% Ford Motor Co. 196,496 221,643 -11.3% 1,878,653 1,924,387 -2.4%     Ford 188,328 212,841 -11.5% 1,803,373 1,841,665 -2.1%     Lincoln 8,168 8,802 -7.2% 75,280 82,722 -9.0%   Ford Motor Co. 196,496 221,643 -11.3% 1,878,653 1,924,387 -2.4% General Motors* 235,228 279,397 -15.8% 2,168,808 2,195,502 -1.2%   General Motors* 235,228 279,397 -15.8% 2,168,808 2,195,502 -1.2% Honda Motor Co. 132,668 142,722 -7.0% 1,206,997 1,231,603 -2.0%     Acura 13,511 12,946 4.4% 114,483 114,126 0.3%     Honda 119,157 129,776 -8.2% 1,092,514 1,117,477 -2.2%   Honda Motor Co. 132,668 142,722 -7.0% 1,206,997 1,231,603 -2.0% Hyundai-Kia 108,862 109,475 -0.6% 953,742 969,670 -1.6%     Genesis 419 1,736 -75.9% 8,909 15,084 -40.9%     Hyundai 56,940 55,271 3.0% 492,791 496,656 -0.8%     Hyundai Motor America 57,359 57,007 0.6% 501,700 511,740 -2.0%     Kia Motors America 51,503 52,468 -1.8% 452,042 457,930 -1.3%   Hyundai-Kia 108,862 109,475 -0.6% 953,742 969,670 -1.6% Jaguar Land Rover N.A. 9,006 9,703 -7.2% 86,309 84,709 1.9%     Jaguar 2,040 3,296 -38.1% 21,176 30,228 -29.9%     Land Rover 6,966 6,407 8.7% 65,133 54,481 19.6%   Jaguar Land Rover N.A. 9,006 9,703 -7.2% 86,309 84,709 1.9% Mazda N.A. 21,257 25,738 -17.4% 235,122 220,297 6.7%   Mazda N.A. 21,257 25,738 -17.4% 235,122 220,297 6.7% McLaren Automotive 142 93 52.7% 1,053 648 62.5%   McLaren Automotive 142 93 52.7% 1,053 648 62.5% Mercedes-Benz USA 30,715 32,337 -5.0% 254,366 270,112 -5.8%     Mercedes-Benz 30,617 32,096 -4.6% 253,407 267,477 -5.3%     Smart USA 98 241 -59.3% 959 2,635 -63.6%   Mercedes-Benz USA 30,715 32,337 -5.0% 254,366 270,112 -5.8% Mitsubishi Motors N.A. 7,705 8,430 -8.6% 93,398 79,195 17.9%   Mitsubishi Motors N.A. 7,705 8,430 -8.6% 93,398 79,195 17.9% Nissan North America 122,819 139,932 -12.2% 1,124,682 1,196,241 -6.0%     Infiniti 12,536 12,745 -1.6% 105,249 113,714 -7.4%     Nissan 110,283 127,187 -13.3% 1,019,433 1,082,527 -5.8%   Nissan North America 122,819 139,932 -12.2% 1,124,682 1,196,241 -6.0%   Nissan/Mitsubishi** 130,524 148,362 -12.0% 1,218,080 1,275,436 -4.5% Subaru of America 57,044 55,120 3.5% 503,418 478,848 5.1%   Subaru of America 57,044 55,120 3.5% 503,418 478,848 5.1% Tesla Motors* 21,700 4,200 416.7% 107,300 35,400 203.1%   Tesla Motors* 21,700 4,200 416.7% 107,300 35,400 203.1% Toyota Motor Sales U.S.A. 203,098 226,632 -10.4% 1,824,235 1,831,481 -0.4%     Lexus 24,597 26,196 -6.1% 213,622 219,659 -2.7%     Scion - 8 -100.0% 2 197 -99.0%     Toyota 178,501 200,428 -10.9% 1,610,611 1,611,625 -0.1%     Toyota/Scion 178,501 200,436 -10.9% 1,610,613 1,611,822 -0.1%   Toyota Motor Sales U.S.A. 203,098 226,632 -10.4% 1,824,235 1,831,481 -0.4% Volvo Car USA 8,715 7,900 10.3% 73,929 56,966 29.8%   Volvo Car USA 8,715 7,900 10.3% 73,929 56,966 29.8% VW Group of America 55,266 56,726 -2.6% 478,597 457,098 4.7%     Audi 19,350 19,308 0.2% 167,420 160,914 4.0%     Bentley 165 156 5.8% 1,477 1,672 -11.7%     Lamborghini* 94 91 3.3% 846 819 3.3%     Porsche 5,102 5,059 0.9% 42,626 41,237 3.4%     VW 30,555 32,112 -4.8% 266,228 252,456 5.5%   VW Group of America 55,266 56,726 -2.6% 478,597 457,098 4.7% Other*** 291 296 -1.7% 2,615 2,580 1.4% Total 1,441,240 1,525,122 -5.5% 12,941,688 12,879,599 0.5%

Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere.Source: Automotive News Data CenterNote:*Estimate**Renault-Nissan acquired controlling interest in Mitsubishi Motors on Oct. 20, 2016.***Reflects Aston Martin, Ferrari and Lotus sales.

U.S. car sales slid 20 percent in September while light-truck demand rose 2.2 percent. Photo credit: DAVID PHILLIPS

UPDATED: 10/3/2018 11:24 am ET

Major automakers, with the exception of Fiat Chrysler, posted lower U.S. sales in September behind the ongoing slump in the car market and softer retail demand, even amid elevated incentive levels, signaling the anticipated second-half slowdown is continuing.

U.S. light-vehicle deliveries last month fell 5.5 percent, slightly better than analysts' forecast for a 7 percent decline compared to September 2017, when sales spiked as consumers replaced vehicles destroyed by Hurricane Harvey.

Still, on a volume basis, it was the industry's fourth-best September on record. 

And by another measure, the September numbers were far stronger. The seasonally adjusted, annualized rate of sales came in at 17.54 million, rising above 17 million for the seventh time this year, after two months below that level.

The September 2017 SAAR was 18.2 million, the strongest month of the year.

Overall, U.S. car sales slid 20 percent in September while light-truck demand rose 2.2 percent.

U.S. sales edged up 1.3 percent through August after a better-than-expected first half, driven in part by a boost from U.S. tax reform. The SAAR declines in July and August were taken as a sign that a second-half slowdown predicted by analysts is unfolding. With September results tallied, U.S. sales have now edged up 0.5 percent in 2018.

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“The U.S. economy and auto industry remain strong,” said General Motors Chief Economist Elaine Buckberg. “A new United States-Mexico-Canada trade agreement will reduce uncertainty for the auto industry and all three countries. We believe 2018 will be the fourth year in a row with total industry sales above 17 million units.”

Ford's U.S. car sales have now dropped 17 percent this year as the company prepares to discontinue most sedans in North America. Photo credit: DAVID PHILLIPS

Company by company

FCA US sales rose 15 percent last month to 199,819 -- enough to outsell Ford Motor Co. for the first time since 2015 -- behind higher fleet volume and stronger results at the Jeep and Ram brands. FCA said deliveries jumped 14 percent at Jeep, 9 percent at Ram and 41 percent at Dodge. Volume dropped 7 percent at the Chrysler brand and slumped 46 percent at Fiat. 

FCA's retail sales totaled 149,713 units, with fleet accounting for 25 percent -- or just over 50,000 units-- of all volume last month.

General Motors' sales dropped an estimated 16 percent last month, with deliveries down 18 percent at Chevrolet, 8.6 percent at GMC, 11 percent at Buick and 17 percent at Cadillac.  

GM no longer releases monthly sales results but the company said Tuesday its third-quarter U.S. deliveries fell 11 percent to 694,638 cars and light trucks, with every brand off during the period. For the year, GM said its U.S. sales have dropped 1.2 percent behind declines at every brand.

Ford Motor's U.S. sales fell 11 percent behind the ongoing industrywide slump in car demand and lower light-truck volumes. Deliveries fell 11 percent at the Ford division and 7.2 percent at Lincoln, the company said.

Ford's pickup/van demand slipped 9.9 percent and SUV/crossover sales dropped 2.7 percent, while September car deliveries skidded 26 percent. Ford Motor's U.S. car sales have now dropped 17 percent this year as the company prepares to discontinue most sedans under the Ford brand in North America. 

Retail volume declined 13 percent and fleet shipments dropped 6.7 percent last month, Ford said.

Japan 3

At Toyota Motor Corp., volume dropped 10 percent last month, with car sales plunging 25 percent and light-truck demand dipping 0.3 percent. Toyota division sales slipped 11 percent and Lexus was off 6.1 percent.

Nissan Motor Co.'s September sales fell 12 percent, with car deliveries plunging 36 percent and light-truck volume rising 6.6 percent. Sales fell 13 percent at the Nissan brand and 1.5 percent at Infiniti.

Honda Motor Co. reported sales of 132,668, a decline of 7 percent, reflecting a 20 percent drop in car deliveries. Volume slipped 8.2 percent at Honda but rose 4.4 percent at Acura.

Subaru extended its streak of year-over-year monthly gains to 82 with a 3.5 percent increase in September sales.

September deliveries declined 1.8 percent at Kia, 17 percent at Mazda, 8.6 percent at Mitsubishi, 7.4 percent at Mini and 59 percent at Smart but increased 3 percent at Hyundai.

The Volkswagen brand snapped an eight-month streak of gains, with volume off 4.8 percent in September. Even with strong crossover sales, the company said September results were negatively impacted by delays to certify emissions on some 2019 models, limiting inventories.

Among other luxury brands, volume rose 0.2 percent at Audi, 1.3 percent at BMW, 10 percent at Volvo, 0.9 percent at Porsche and 8.7 percent at Land Rover. Sales skidded 76 percent at Genesis and 38 percent at Jaguar. 

Industry outlook

While the U.S. economy and employment continue to grow, and consumer confidence remains high, rising interest rates and elevated gasoline prices are expected to dampen consumer demand. Increasing stockpiles of late-model used vehicles and climbing new-vehicle prices are also putting downward pressure on new car and light-truck sales.

“There’s no question the Fed’s actions this year are impacting car buyers,” Jonathan Smoke, chief economist for Cox Automotive, said last week after the Federal Reserve hiked interest rates for the third time in 2018. “It will not get better for consumers or the industry from here.”

Smoke said the Fed’s seven rate increases over the last 22 months have already shifted the market from one that peaked with new-vehicle demand two years ago -- 17.55 million in 2016 -- to one that is now generating peak used-vehicle sales.

“Clearly, the Fed isn’t finished, as they have indicated an additional increase will come in December, with more expected in 2019,” Smoke said.

The Trump administration’s proposals to increase tariffs on light-vehicle imports could also derail sales if enacted.

Company outlook

Ahead of today's reports, every major automaker except Fiat Chrysler and VW-Audi was forecast to post lower September sales, based on Bloomberg’s survey of analysts.

Volume was projected to drop 14 percent at General Motors, 9.1 percent at Ford Motor Co., 6.7 percent at Toyota Motor Corp., 4.1 percent at Honda Motor Co., 20 percent at Nissan Motor Co. and 6.5 percent at Hyundai-Kia. Sales were expected to rise 8 percent at FCA US and 0.4 percent at VW-Audi, Bloomberg’s survey showed.

Spiffs

Average incentive spending per new vehicle over the first several weeks of September was $3,910, down from $4,061 during the same period last year, J.D. Power estimates. ALG projects average incentive spending per unit decreased by $100 to $3,785 in September and the ratio of incentive spending to average transaction price is expected to be 11.3 percent, down from 11.9 percent a year ago. Among major automakers, the Detroit 3 continue to be the biggest spenders on incentives, ALG estimates show. (See chart below.)

Odds and ends

  • The average new-vehicle retail transaction price was tracking at $32,003, an all-time monthly record, J.D. Power says. The previous high for the month of September — $31,543 — was set last year.
  • September 2018 had 25 selling days, one fewer than September 2017.
  • Edmunds says the average down payment for a new vehicle soared to $4,198 last month, compared to $3,817 in September 2017 and $3,555 five years ago.
  • The availability of 0 percent loans dropped to 5.6 percent compared with 10.1 percent in September 2017, hitting the lowest September level since 2005, Edmunds says.
  • Light trucks accounted for 69 percent of new-vehicle retail sales through Sept. 23 — the highest level ever for September — marking the 27th consecutive month above 60 percent, J.D. Power said.
  • ALG estimates the average transaction price for a new light vehicle was $33,436 in September, up 2.3 percent from a year ago.
  • Days to turn, the average number of days a new vehicle sits on a dealer lot before being sold to a retail customer, was 69 days through September 23, down six days from September 2017, Power said.
  • Fleet shipments are expected to total 257,800 units in September, up 0.8 percent from September 2017, Power says. Fleet volume is expected to account for 18 percent of total light-vehicle sales, or flat vs. last year.
  • Quotable

    "The sedan recession continued in September ... the silver lining beginning to emerge however is the pull-back in incentive activity (car incentives down 7.7% year over year and light truck incentives down -0.2%). We expect incentive spending on cars to continue falling as automakers shift spending toward the increasingly crowded crossover segment."

    -- Barclays analyst Brian Johnson

    “The new-vehicle market is challenged by affordability, and ironically the most affordable and most popular vehicles are imported and face the threat of new tariffs which will drive their prices higher.”

    -- Jonathan Smoke, chief economist for Cox Automotive

    “The trickle-down effect of elevated interest rates really started hitting car shoppers in September. While new vehicle prices continue to rise, favorable credit offerings are growing increasingly more difficult to come by. Buying conditions are far less amenable for consumers than they were before, which might come as a shock for shoppers coming back to the market for the first time in a few years.”

    -- Jeremy Acevedo, Edmunds’ manager of industry analysis.

    “Robust new industry sales, a slight decline in incentive spending and growing transaction prices are all indicators pointing to a resilient industry.”

    -- Oliver Strauss, chief economist for ALG

    “While September sales are expected to decline, average transaction prices remained strong, rising 2 percent year-over-year. With interest rates on the rise and manufacturer incentives at a healthy level, thanks to tighter production, monthly payments for consumers are immediately impacted. If gas prices stay high in the fourth quarter, affordability will likely be a concern for new-car buyers and could lead to fewer sales at year-end.”

    -- Tim Fleming, analyst for Kelley Blue Book

    Editor's note: The SAAR for September 2017 was incorrectly stated in an earlier version of this story and has been updated.

    September incentive outlays for U.S.

    Manufacturer September 2018 forcast September 2017 August 2018 Percentage change vs September 2017 Percentage change vs August 2018 BMW (BMW, Mini) $5,431 $5,273 $5,405 3% 0.5% Daimler (Mercedes-Benz, Smart) $5,775 $5,002 $5,855 15.5% -1.4% FCA (Chrysler, Dodge, Jeep, Ram, Fiat) $4,655 $4,635 $4,594 0.5% 1.3% Ford (Ford, Lincoln) $4,784 $4,473 $4,736 7% 1% GM (Buick, Cadillac, Chevrolet, GMC) $4,716 $5,215 $4,688 -9.6% 0.6% Honda (Acura, Honda) $1,980 $1,958 $1,947 1.1% 1.7% Hyundai $2,984 $2,843 $2,962 5% 0.8% Kia $3,973 $3,883 $3,966 2.3% 0.2% Nissan (Nissan, Infiniti) $4,271 $4,471 $4,365 -4.5% -2.2% Subaru $1,548 $1,077 $1,507 43.7% 2.7% Toyota (Lexus, Scion, Toyota) $2,432 $2,783 $2,568 -12.6% -5.3% Volkswagen (Audi, Porsche, Volkswagen) $3,762 $3,657 $3,747 2.9% 0.4% Industry $3,785 $3,885 $3,758 -2.6% 0.7% Source: ALG


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