Car People Blog
Hiring is in Full Swing
Job openings are plentiful. Since autumn they have been at their highest level in 13 years. Employers of all stripes are hiring again. Businesses both big and small will snap up workers to the tune of 200,000 a month through 2015. By Dec. the unemployment rate will fall to 5.1%, its lowest level since April 2008. It’s now at 5.4%...... The Kiplinger Letter, May 15, 2015
Service Advisors ARE Subject to Overtime
The US Court of Appeals for the 9th Circuit, which covers Washington,
Oregon, Idaho, Alaska and other states, found that this class of
employee does not fit into the categories listed in the Fair Labor
Standards Act overtime exemption (1966), which covers any salesman,
parts man or mechanic primarily engaged in the selling or service of
automobiles. Circuit Judge Susan Graber found that “because plaintiffs
do not fit within any of those definitions; they sell servicing on cars.”
Effectively the March 24, 2015 ruling means that people employed as
Service Advisors at dealerships within the 9th circuit are now entitled
to overtime pay, according to the attorneys for the plaintiffs. Read the
complete text of the decision in the .pdf link below.
US Court of Appeals No. 13-55323 D.C.No. 2:12-cv-08051-RGK-MRW
Navarro V. Encino Motors LLC
A Tight Talent Market is Looming…
To find qualified employees in coming years employers will have to beat the bushes. Demand for workers is climbing in many industries (including automotive) as skilled baby boomers retire in droves. As of 2016 retirees will begin to outpace young labor entrants and the gap will keep expanding for at least a decade. Immigrants and automation….yes, including robots… will help to pick up the slack, but not nearly enough.
The labor squeeze is poised to boost wages crimping profits for a variety of businesses. After years of sluggish pay growth of 2% or less, wages will climb 2.2% this year and nearly 3% in 2016.
Employers will also spend more on training after a lengthy period of relative labor surpluses that allowed many of them to cherry-pick top workers. Some will also ease job criteria to get more applicants.
Many other good paying jobs are going begging. A variety of businesses are looking for
The Kiplinger Letter, March 27, 2015
Little Known Automotive Facts
- During WWII Chrysler built B29s that bombed Japan.
Mitsubishi built Zeros that tried to shoot them down.
Both companies now build cars in a joint called Diamond Star.
- The first vehicle to move under its own power was in 1765.
The first speed ticket was issued for doing 12MPH in a 5MPH zone in 1904.
- In 1916 55% of all cars in the world were Model T Fords.
- In 2009 the $2400, 73mpg Tata Nano was introduced in India.
- There are currently 1 billion cars in use on earth today.
About 165000 cars are produced each day.
- There are over 30,000 parts in an average car.
- The 3 point Swedish patented seatbelt saves one life every 6 minutes. It is free to all manufacturers.
- Aston Martin’s name is from its founder, Lionel Martin, who raced at Aston Hill.
||U.S. Total Market Sales|
Mustang vs. Camaro
From 1965-2001 the Ford Mustang outsold the Chevrolet Camaro
7,899,556 to 4,821,768. Mustang’s best year was 1966 selling 607,568. Camaro’s best year was 1979 selling 282,571.
outsold the Mustang 86,297 to 82,635. Not the first time they beat Mustang, but the first time in recent history.
WardsAuto: Forecast December Sales Set to Reach 10-Year High
The forecast puts the seasonally adjusted annual rate of sales at 16.95 million-units, within a hair of breaking the 17 million mark for two consecutive months for the first time since June/July-05.
J.D. Power: December Retail SAAR Highest Since 2006 at 16.7 million
Total light-vehicle sales in December 2014 are expected to reach 1.5 million units, a 6 percent increase, compared with December 2013. [Total forecast SAAR]
LMC Automotive has raised its 2015 forecast to 17.4 million units from 17.2 million, which is a 3 percent growth over 2014.
Kelley Blue Book: New-Vehicle Sales To Jump Nearly 10 Percent In Best December Since 2004; Kelley Blue Book Forecasts 16.9 Million SAAR In 2015
TrueCar projects 2015 U.S. new auto sales to reach decade-high 17 million, set all-time record revenue of $553 billion . TrueCar expects a healthy U.S. auto industry in 2015 with sales of new cars and trucks rising at least 2.6 percent to 17 million units, the highest level since 2005.
007 James Bond’s
1962 to 2015 ????
Sunbeam Alpine (1962)
Bentley Mark V
Aston Martin DB5
Toyota GT 2000
Aston Martin DBS
Ford Galaxy 500
Lotus Esprit S1
Range Rover Classic
Aston Martin Vantage Volante
Lincoln Mark V!! LSC
Aston Martin DBS
Aston Martin DB5
Land Rover Defender
Fiat 500 ?????? (2015)
There is a concern with the methodology behind the unemployment rate. It is true that the rate does not include people who have given up looking for work, and it's fair to say it's an imprecise way to count the number of jobless individuals.
Despite this, we know that if we have 5% or less unemployment, even imperfectly measured, that’s a relatively low rate and a good thing. There will always be people who find it incredibly difficult to secure a job, and we are all sympathetic to those people and stand behind the government’s efforts to support them. But on a macro level, reaching 5% unemployment is a significant marker. It demonstrates our progress and tells us where we are on the unemployment cycle, which is not only predictable, but also has historically been a solid indicator of economic health. See full article, Harvard Business Review Nov. 2014
Vehicles Set A Blistering Sales Pace
USA Today, 9-4-2014
Trucks and SUVs continued to push automakers sales in August as new designs, cheap loans and stable fuel prices wiped out buyers’ resistance. The industry’s annualized selling pace for the month was a breathtaking 17.53 million, according to Autodata, up from 15.94 million in August 2013.
Every major automaker reported a sales gain, save for GM which slipped slightly despite heroic truck sales.
“Buyers shake off fears, stampede to lift car sales up 5.5%.”
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