Wednesday, December 11 2013 11:31 PM EST2013-12-12 04:31:23 GMT
Firefighters are issuing a warning about an invisible danger that threatens all of us in the cold. When it gets this cold outside, heaters are cranked and, for some, fires are roaring in the fireplace.More >>
Firefighters are issuing a warning about an invisible danger that threatens all of us in the cold.More >>
Wednesday, December 11 2013 10:57 PM EST2013-12-12 03:57:17 GMT
There are new concerns about cancer cuts after the American Society for Clinical Oncology published a study saying cancer research is facing its greatest threat in a generation - budget cuts in Congress. ThoseMore >>
There are new concerns about cancer cuts after the American Society for Clinical Oncology published a study saying cancer research is facing its greatest threat in a generation - budget cuts in Congress.More >>
Wednesday, December 11 2013 9:42 PM EST2013-12-12 02:42:06 GMT
Police and school officials say American University's campus in the nation's capital is on lockdown after police received calls about a man with a gun. That report came in to Washington police aboutMore >>
A lockdown has been lifted at American University in Washington after police received calls about a man with a gun.More >>
Wednesday, December 11 2013 9:37 PM EST2013-12-12 02:37:24 GMT
A six-year-old boy kissed a classmate and got suspended for sexual harassment. Now his mom is fighting to get the incident removed from his record. "It was during class, yeah. We were doing reading group.More >>
A six-year-old boy kissed a classmate and got suspended for sexual harassment. Now his mom is fighting to get the incident removed from his record.More >>
Wednesday, December 11 2013 9:17 PM EST2013-12-12 02:17:20 GMT
Gov. Mike Pence says the federal government has rejected Indiana's request that Howard County be declared a major disaster area because of damage from last month's tornadoes and severe storms. TheMore >>
Gov. Mike Pence says the federal government has rejected Indiana's request that Howard County be declared a major disaster area because of damage from last month's tornadoes and severe storms.More >>
Wednesday, December 11 2013 8:45 PM EST2013-12-12 01:45:14 GMT
Two young men were injured when they were shot during an attempted robbery Tuesday in Columbus. Police say the robbery occurred around 5 p.m. in the 2300 block of Sims Court. Three males, ages 20, 19More >>
Two young men were injured when they were shot during an attempted robbery Tuesday in Columbus.More >>
Wednesday, December 11 2013 7:14 PM EST2013-12-12 00:14:04 GMT
As bitter cold sets in, many in central Indiana are thinking twice before cranking up the thermostat. "When I hear that furnace kick on and I don't feel cold, I jump up and I cut it down," said RooseveltMore >>
As bitter cold sets in, many in central Indiana are thinking twice before cranking up the thermostat.More >>
Wednesday, December 11 2013 6:29 PM EST2013-12-11 23:29:33 GMT
The state of Indiana is giving a Carmel business 2-million dollars in tax credits in exchange for creating 100 new jobs next year.Allegion does business in 120 countries -- but keeps its north AmericanMore >>
The state of Indiana is giving a Carmel business $2 million in tax credits in exchange for creating 100 new jobs next year.More >>
Wednesday, December 11 2013 6:28 PM EST2013-12-11 23:28:45 GMT
Chuck Pagano took no solace in what everybody else at the Colts' complex already knew. Sunday's replay reversal, which gave the Bengals a touchdown, was a mistake. On Tuesday night, Dean Blandino, theMore >>
Chuck Pagano took no solace in what everybody else at the Colts' complex already knew.More >>
Wednesday, December 11 2013 6:15 PM EST2013-12-11 23:15:22 GMT
An Indianapolis pastor has been convicted of child molestation. A jury found 71-year-old Otis Jetter guilty on all three counts Tuesday. Jetter had been working as a pastor at the Pilgrim Chapel MissionaryMore >>
A jury found 71-year-old Otis Jetter guilty on all three counts Tuesday.
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SOURCE J.D. Power
WESTLAKE VILLAGE, Calif., Oct. 24, 2013 /PRNewswire/ -- While the government shutdown constrained new-vehicle retail sales during the first half of October, the overall pace for the month remains slightly ahead of the running average for the year, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.
Retail Light-Vehicle Sales New-vehicle retail sales in October are projected to come in at 1,016,500 units, an 8 percent increase from October 2012. Retail transactions are the most accurate measure of true underlying consumer demand for new vehicles. The seasonally adjusted annualized rate (SAAR) in October is expected to be 12.8 million units, compared with the year-to-date run rate of 12.7 million units.
Retail sales during the first two weeks of October were up only 1.6 percent (selling-day adjusted), compared with October 2012, but retail sales during the third week were up 7.7 percent, compared with the same period a year ago.
Sales in the Atlantic Coastal region, which had the highest concentration of government employees impacted by the shutdown, suffered the most, down 6.5 percent through the first two weeks of October. Sales in the region bounced back when the shutdown ended, surpassing sales during the same period in 2012 by 2.5 percent.
"The government shutdown clearly had an impact on retail sales through government employees directly affected by the shutdown, vehicle shoppers involved in businesses impacted by the shutdown and its impact on consumer confidence," said John Humphrey, senior vice president of the global automotive practice at J.D. Power. "However, sales in the third week of the month strengthened relative to the first two weeks, which is evidence of vehicle buyers delaying their purchase until the shutdown was resolved."
Total Light-Vehicle Sales Total light-vehicle sales in October also are expected to increase 8 percent from October 2012. Fleet sales are expected to return to a 200,000 unit level, after 220,000 sales in September, with share of industry dropping to 17 percent from 19 percent in September. Fleet share for the full year is expected to come in below the 18 percent level.
J.D. Power and LMC Automotive U.S. Sales and SAAR Comparisons
New-Vehicle Retail Sales
(8% higher than October 2012)2
Total Vehicle Sales
(8% higher than October 2012)
12.8 million units
12.1 million units
11.5 million units
15.4 million units
15.2 million units
14.2 million units
1Figures cited for October 2013 are forecasted based on the first 17 selling days of the month.
2The percentage change is adjusted based on the number of selling days in the month (27 days in October 2013 vs. 26 days in October 2012).
Sales Outlook The sales outlook for 2013 remains unchanged at 15.6 million units. However, with two months of a slight pullback, retail sales are projected to come in at 12.8 million, a slight decline from the previous forecast of 12.9.
"The industry didn't escape the turmoil in Washington, but the disruption was not enough to stop the auto recovery," said Jeff Schuster, senior vice president of forecasting at LMC Automotive. "Light-vehicle sales volume north of 16 million units in 2014 is well within reach; however, there is a higher level of risk that consumer confidence could be distracted again in the first quarter if, as expected, the debt ceiling gridlock returns."
North American Production Year-to-date production in North America through September is up more than 4 percent from the same period in 2012. Production in September 2013 was at 1.4 million units, a 13 percent increase from September 2012.
The lower sales pace in September, combined with higher production, has caused a slight increase in inventory levels. October started with a 63-day supply, up from 56 days at the beginning of September.
A 63-day supply represents a healthy level that is right in the middle of the 60- to 65-day supply normal range. Schuster notes that given the current selling rate for October, days supply is expected to climb further toward the mid-60-day range, but should not have a negative impact on production levels, as a small inventory buffer may help meet demand as the year closes out.
LMC Automotive has nudged up the volume outlook for 2013 North American production to 16.1 million units from 16.0 million. The overall growth rate is expected to slow slightly in 2014, with volume forecast up 3 percent to 16.5 million units. Leading the way, in terms of growth next year, are BMW, Daimler and Renault-Nissan, all with newly sourced vehicles in North America. BMW, with the X4, and Nissan, with the Murano and a full year of the Rogue, are expected to post double-digit production growth, while Daimler, with the addition of the C-Class, is expected to be up 21 percent from 2013.
About J.D. Power J.D. Power is a global marketing information services company providing performance improvement, social media and customer satisfaction insights and solutions. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. Headquartered in Westlake Village, Calif., J.D. Power has offices in North/South America, Europe and Asia Pacific. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power is a business unit of McGraw Hill Financial.
About McGraw Hill Financial McGraw Hill Financial (NYSE: MHFI) is a leading financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The Company's iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power, and McGraw Hill Construction. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mhfi.com.
About LMC Automotive LMC Automotive, formerly J.D. Power Automotive Forecasting, is the premier supplier of automotive forecasts and intelligence to an extensive client base of automotive manufacturer, component supplier, logistics and distribution companies, as well as financial and government institutions around the world. LMC's global forecasting services encompass automotive sales, production and powertrain expertise, as well as advisory capability. LMC Automotive has offices in the United States, the UK, Germany, China and Thailand and is part of the Oxford, UK-based LMC group, the global leader in economic and business consultancy for the agribusiness sector. For more information please visit www.lmc-auto.com.
Wednesday, December 11 2013 7:42 PM EST2013-12-12 00:42:56 GMT
In an effort to save time and money, Indianapolis Mayor Greg Ballard wants to bring criminal justice in Marion County under one roof. Sources tell Eyewitness News a plan is in the works that would consolidateMore >>
In an effort to save time and money, Indianapolis Mayor Greg Ballard wants to bring criminal justice in Marion County under one roof.More >>
Wednesday, November 27 2013 6:21 PM EST2013-11-27 23:21:46 GMT
It's a case that has baffled police for decades. On November 17th, 2013, it will be 35 years since four young workers were kidnapped from the Speedway Burger Chef and killed. There were four victimsMore >>
It's one of the state's most heinous crimes. 35 years later, the Burger Chef murder case is still unsolved. Now, Eyewitness News has uncovered a new theory connected to the investigation that focuses on another Burger Chef restaurant.More >>
Tuesday, December 10 2013 10:45 PM EST2013-12-11 03:45:01 GMT
There are major changes ahead for the Indianapolis Motor Speedway. Track officials revealed Tuesday how they will spend millions of dollars - some of it taxpayer money - for improvements at the track. TheMore >>
Track officials revealed Tuesday how they will spend millions of dollars - some of it taxpayer money - for improvements at the track.More >>
Wednesday, December 11 2013 2:50 AM EST2013-12-11 07:50:40 GMT
The Mega Millions jackpot grows to $400 million with no winner nationwide Tuesday night. The jackpot is approaching a new record for Friday night, estimated at $400 million. The winning numbers forMore >>
The Mega Millions jackpot grows to $400 million with no winner nationwide Tuesday night. More >>
Wednesday, December 11 2013 12:00 AM EST2013-12-11 05:00:46 GMT
Metro Police are investigating a home break-in, in which thieves stole Christmas from an east side Indianapolis family.Anita Barnes says faith and family are the heart of the holidays.She decorated herMore >>
Metro police are investigating a home break-in in which thieves stole Christmas from an east Indianapolis family.More >>
Wednesday, December 11 2013 5:49 AM EST2013-12-11 10:49:15 GMT
A Greenwood family escaped from a fire overnight in the 800 block of Ramblin Road. White River Township Fire Department was assisted by Greenwood Fire in fighting the building fire. The family ofMore >>
Greenwood family of four escapes building fire overnight.More >>
Tuesday, December 10 2013 8:23 PM EST2013-12-11 01:23:04 GMT
A woman who worked for more than 12 years at an Indianapolis church is accused of stealing more than $177,000 from there. Marion County Prosecutor Terry Curry says Stephanie Hicks was charged TuesdayMore >>
A woman who worked for more than 12 years at an Indianapolis church is accused of stealing more than $177,000 from there.More >>
Tuesday, December 10 2013 6:37 PM EST2013-12-10 23:37:33 GMT
People living in a far south side Indianapolis apartment complex say enough is enough. Parc Bordeaux Apartments residents are fed up with thieves who have repeatedly targeted their complex. The most recentMore >>
People living in a far south side Indianapolis apartment complex say enough is enough.More >>
Wednesday, December 11 2013 12:28 PM EST2013-12-11 17:28:11 GMT
New jobs are coming to central Indiana as a company brings its headquarters to Carmel. That's the new home for Allegion. The Ireland-based company was spun off from Ingersoll Rand last week. It willMore >>
New jobs are coming to central Indiana as a company brings its headquarters to Carmel. That's the new home for Allegion.More >>