Today's News: March 10, 2016

KBB in the News

Kelley Blue Book study reveals ride-sharing, car-sharing services do not pose threat to car buying

The New York Times: Head of VW’s U.S. unit is out, and dealers are alarmed

Bloomberg: Volkswagen’s U.S. CEO leaves suddenly after ‘mutual agreement’

Reuters: Uber and Lyft won’t crimp U.S. car sales in near term: survey

MarketWatch: Why this year is a good time to buy a used car

Business Insider: Study: Ride-sharing services are no threat to car makers

Business Insider: Jerry Seinfeld’s Porsches shine at an auction that might be the peak for classic car market

Business Insider: The VW boss who famously apologized to America has left the company

MediaPost: VW’s blunt U.S. CEO peels out with nary a word

ConsumerAffairs: Why leasing a car may be a good deal for consumers

Agence France-Presse: VW US chief steps down amid emission scandal

Automotive News: Study finds Americans prefer owning over sharing

The Detroit News: VW’s US CEO leaving automaker

The Detroit News: Cadillac debuts 1^st of 4 new crossovers

Detroit Free Press: Another study finds Uber, Lyft won’t shrink car sales

Auto Remarketing: Sharing economy: An opportunity for car dealers?

Jalopnik: Can Fiat be saved in America?

WardsAuto: Study says ride sharing poses no threat to car sales

Los Angeles Times: Car ownership isn’t dead, yet

The Dallas Morning News: Are ride-share customers less likely to own cars? Survey taps brakes on that theory

Chattanooga Times Free Press: Michael Horn leaving as VW’s U.S. chief

Tech Times: Volkswagen US CEO Michael Horn steps down

WindsorStar.com: Chrysler Pacifica’s U.S. price tag as low as $30,000

KBB.com Editorial

New stamps showcase pickups

2017 Chevrolet Camaro 50th Anniversary Edition revealed

BMW Vision Next 100 Concept looks to tomorrow

2017 Chrysler Pacifica earns top EPA highway mark

Subaru shows off new global platform

2016 Mercedes-Benz GLC300 Quick Take

2016 Honda Civic LX 6MT Quick Take

Kelley Blue Book Hot Car Report Analysis

“In today’s economic climate of low gas prices and interest rates, luxury brands can certainly maximize their efforts with new-car shoppers, as is evident with Jaguar’s new line of entry-level priced luxury vehicles that is creating a scene,” said Arthur Henry, senior manager for Kelley Blue Book Strategic Insights. “Following the general public’s ability to obtain the tangible products, the XE and F-PACE have had dramatic lifts in traffic, as the two were previously only showcased in earlier auto shows.”

For the full report and commentary, visit http://mediaroom.kbb.com/hot-car-report.

(Please note: Past Hot Car Reports are available by clicking the ‘Archives’ link)

Top News

Michael Horn out as CEO at Volkswagen Group of America

Loss of U.S. boss seen hitting VW turnaround, but not talks with regulators

Horn latest casualty in VW diesel scandal

OEM/Vehicle News

Toyota hires entire staff at autonomous-vehicle firm

Honda is working with GM to lower the cost of the hydrogen-powered car

Chevy’s new take on the Camaro

Ford upgrades bulletproofing in police cars

Fans ready to play ‘Tesla Model 3 Reveal Bingo’

Industry/Dealer News

Smart car firm Vinli raises $6.5M

Millennials are finally arriving in the car market

International Automotive News

VW to cut 3,000 office jobs in Germany by end 2017

Russian car sales fall at slowest pace since 2014 in February

Chinese February vehicle sales drop for first time in six months on Lunar New Year

Ad/Media/Marketing News

Chrysler selects DDB Chicago as creative agency of record on its Jeep and Alfa Romeo brands

How car-related IoT data will transform the automotive and insurance industries

The dumb part of Google’s search algorithm just got smarter