Categoría: Marco carvajal

– Emerging trend of utilizing aluminum-cast automotive parts, due to their ability to diminishing weight, is foreseen to accentuate  demand for aluminum foundries in the years to come

– Advent of high-precision technologies, such as 3D printing, and strict environmental norms are expected to restrain development of the global foundry chemicals market in near future

ALBANY, N.Y., Jan. 26, 2021 /PRNewswire/ — The foundry refers to a factory producing various metal castings. In this process, metals are melted and molded into different sizes and shapes. After melting, the liquid is then poured into a desired mold, which is then eliminated once the metal is solidified. Cast iron and aluminum are the most common metals owing to the low cost and plentiful availability. Fluxes, coatings, additive agents, and binders are different types of foundry chemicals. The demand for parting agents, sand additives, mold binders, and core in aluminum, steel, and iron foundries always remain high. These factors are estimated to support growth of the global foundry chemicals market over the projection timeframe, from 2019 to 2027.

In an effort to better production efficiency and quality of products, foundry chemicals are developing constantly. They are taking help of various technological innovations, such as 3D sand printing technology to achieve desired quality and production efficiency. Technological advancements are likely to open plethora of opportunities for the global foundry chemicals market over the assessment timeline, from 2019 to 2027.

Request for Covid-19 Impact Analysis on Foundry Chemicals Market: https://www.transparencymarketresearch.com/Covid19.php

Increased demand for foundry chemicals, such as aluminum in the making of lightweight vehicles is foreseen to create augmented demand for foundry chemicals. Expanding at around ~3% CAGR, the global foundry chemicals market is likely to reach US$ 2.9 Bn by 2027.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Key Findings of Foundry Chemicals Market Study

Growing Demand for Fuel Efficient Vehicles to Work in Favor of the Market

The casting products are increasingly utilized in different applications, such as construction equipment, auto components, automobiles, and tractors. Foundry chemicals are extensively used in the making of various auto components, which is likely to bode well for the global foundry chemicals market in the years to come. In addition to automotive, marine, defense, medical, petrochemicals, and aerospace also make extensive use of foundry chemicals.

Iron and steel melt shops generate high demand for foundry chemicals, which has resulted in various technological developments like sleeve construction kit (SCK) for spot feeding of heavy duty steel and iron casting, and cutting-edge developments in spot feeders for pliable iron castings. Such innovations are anticipated to benefit the manufacturers in the global foundry chemicals market in the years to come.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/33776

Incorporation Technological Developments to Overcome Market Challenges

Harmful effects of foundries’ casting operations cause major concerns about environment. In an effort to meet up with the increasingly strict carbon regulations laid down by different government agencies, manufacturers are thinking of ways to change their ways of doing business and its operations so as to achieve the much needed long-term sustainability. With the introduction of environment-friendly technologies, such as MIRATEC TC technology by ASK Chemicals, different companies are trying to reduce adverse effects of their operations on the environment. Such technological developments are likely to widen scope of the global foundry chemicals market in the years to come.

Purchase Premium Research Report on Foundry Chemicals Market @ https://www.transparencymarketresearch.com/checkout.php

Foundry Chemicals Market: Key Driving Factors

• Increased use of foundry chemicals, such as aluminum, by the automotive industry for making lightweight vehicles and achieving fuel efficiency is likely to bolster demand for these chemicals. Aluminum has been increasingly replacing iron and steel in the making of automotive parts, thanks to its lightweight, durability, and strength.
• Foundries are increasingly integrating technological developments in the making of various casting parts. Certain technologies, such as automated 3D printing of complex parts, are increasingly utilized in aluminum, steel, and iron applications.  This factor is fueling demand for industry specific foundry chemicals.
• Strict environmental regulations formulated for the foundry industry are likely to affect the consumption of foundry chemicals adversely across the globe.

Foundry Chemicals Market: Key Market Participants

Some of the prominent industry players in the global foundry chemicals market include HÜTTENES-ALBERTUS Chemische Werke GmbH, Georgia-Pacific Chemicals LLC, Mancuso Chemicals Limited, ASK Chemicals GmbH, General Chemical Corp., and Vesuvius Corporate.

Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry,

Solid Flow Rate Valve Control Market – https://www.transparencymarketresearch.com/solid-flow-rate-valve-control-market.html

Alkoxide Market – https://www.transparencymarketresearch.com/alkoxide-market.html

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/foundry-chemicals-market.htm
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

ALBANY, N.Y., Jan. 26, 2021 /PRNewswire/ — The foundry refers to a factory producing various metal castings. In this process, metals are melted and molded into different sizes and shapes. After melting, the liquid is then poured into a desired mold, which is then eliminated once the metal is solidified. Cast iron and aluminum are the most common metals owing to the low cost and plentiful availability. Fluxes, coatings, additive agents, and binders are different types of foundry chemicals. The demand for parting agents, sand additives, mold binders, and core in aluminum, steel, and iron foundries always remain high. These factors are estimated to support growth of the global foundry chemicals market over the projection timeframe, from 2019 to 2027.

In an effort to better production efficiency and quality of products, foundry chemicals are developing constantly. They are taking help of various technological innovations, such as 3D sand printing technology to achieve desired quality and production efficiency. Technological advancements are likely to open plethora of opportunities for the global foundry chemicals market over the assessment timeline, from 2019 to 2027.

Request for Covid-19 Impact Analysis on Foundry Chemicals Market: https://www.transparencymarketresearch.com/Covid19.php

Increased demand for foundry chemicals, such as aluminum in the making of lightweight vehicles is foreseen to create augmented demand for foundry chemicals. Expanding at around ~3% CAGR, the global foundry chemicals market is likely to reach US$ 2.9 Bn by 2027.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Key Findings of Foundry Chemicals Market Study

Growing Demand for Fuel Efficient Vehicles to Work in Favor of the Market

The casting products are increasingly utilized in different applications, such as construction equipment, auto components, automobiles, and tractors. Foundry chemicals are extensively used in the making of various auto components, which is likely to bode well for the global foundry chemicals market in the years to come. In addition to automotive, marine, defense, medical, petrochemicals, and aerospace also make extensive use of foundry chemicals.

Iron and steel melt shops generate high demand for foundry chemicals, which has resulted in various technological developments like sleeve construction kit (SCK) for spot feeding of heavy duty steel and iron casting, and cutting-edge developments in spot feeders for pliable iron castings. Such innovations are anticipated to benefit the manufacturers in the global foundry chemicals market in the years to come.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/33776

Incorporation Technological Developments to Overcome Market Challenges

Harmful effects of foundries’ casting operations cause major concerns about environment. In an effort to meet up with the increasingly strict carbon regulations laid down by different government agencies, manufacturers are thinking of ways to change their ways of doing business and its operations so as to achieve the much needed long-term sustainability. With the introduction of environment-friendly technologies, such as MIRATEC TC technology by ASK Chemicals, different companies are trying to reduce adverse effects of their operations on the environment. Such technological developments are likely to widen scope of the global foundry chemicals market in the years to come.

Purchase Premium Research Report on Foundry Chemicals Market @ https://www.transparencymarketresearch.com/checkout.php

Foundry Chemicals Market: Key Driving Factors

• Increased use of foundry chemicals, such as aluminum, by the automotive industry for making lightweight vehicles and achieving fuel efficiency is likely to bolster demand for these chemicals. Aluminum has been increasingly replacing iron and steel in the making of automotive parts, thanks to its lightweight, durability, and strength.
• Foundries are increasingly integrating technological developments in the making of various casting parts. Certain technologies, such as automated 3D printing of complex parts, are increasingly utilized in aluminum, steel, and iron applications.  This factor is fueling demand for industry specific foundry chemicals.
• Strict environmental regulations formulated for the foundry industry are likely to affect the consumption of foundry chemicals adversely across the globe.

Foundry Chemicals Market: Key Market Participants

Some of the prominent industry players in the global foundry chemicals market include HÜTTENES-ALBERTUS Chemische Werke GmbH, Georgia-Pacific Chemicals LLC, Mancuso Chemicals Limited, ASK Chemicals GmbH, General Chemical Corp., and Vesuvius Corporate.

Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry,

Solid Flow Rate Valve Control Market – https://www.transparencymarketresearch.com/solid-flow-rate-valve-control-market.html

Alkoxide Market – https://www.transparencymarketresearch.com/alkoxide-market.html

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/foundry-chemicals-market.htm
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

View original content:http://www.prnewswire.com/news-releases/global-foundry-chemicals-market-to-thrive-on-the-rising-demand-for-lightweight-fuel-efficient-vehicles-tmr-301214802.html

SOURCE Transparency Market Research

DALLAS, Jan. 26, 2021 /PRNewswire/ — With new CDC guidelines on international travel going into effect this week and renewed efforts from federal officials to curb the spread of COVID-19, one thing is for certain: pandemic travel planning will be an integral part of 2021. While the vaccine rollout has many travelers dreaming of their first post-pandemic trip, new research from Travelocity® finds that most Americans expect that travel will contain more precautionary measures than years prior.

In fact, 77% of respondents said they believe travel has changed «significantly» or «completely» due to the pandemic, and the majority admitted they are only moderately familiar with changes the travel industry implemented¹.  

«Pandemic travel planning isn’t going away, and so our research is really focused on understanding what positive behaviors we can take away from this moment to rebuild travel now and prepare for whatever comes next in the future,» says Katie Junod, General Manager at Travelocity.

The travel brand’s 2021 Pandemic Travel Planning survey looked at past, present and future planning tactics that could help Americans prepare for travel in the year ahead. Three surprising themes emerged from the report.

Have questions about pandemic travel? Ask a parent

Travelocity is predicting that family travel will be the first type of travel to make a comeback in 2021, due in large part to the fact that parents are twice as likely to have traveled since the start of the pandemic compared with non-parents, and they indicate a greater familiarity with changes in the travel industry.

«Parents have been arguably among the most impacted by the pandemic with pressures of coordinating everything and everyone at home,» says Junod. «As a result, travel is more of a necessity for them and they’ve stayed up-to-date on changes.»

According to the survey, parents are also inclined to take trips sooner, plan those trips earlier, and reserve their trips earlier than non-parents.

Rebuild travel confidence with a «toe-dip trip»

After nearly a year of travel restrictions and quarantines, 60% of travelers say they’re planning a post-pandemic trip within the next 9 months, and many (43%) feel extremely or very confident in their plans. Junod says this is largely attributable to the fact that travelers are planning shorter trips that rebuild confidence and create a sense of normalcy in the near term.

«We may be dreaming of that big bucket list trip, but what travelers are actually planning so far this year are visits to familiar destinations (24%), a road trip or a beach trip (30%), or weekend getaway (26%).»

Prioritize personal safety when making travel plans now and later

«As travelers plan trips now and later, their priorities – and what makes them feel confident and safe – is changing,» says Junod.

Respondents said the most important influence on their decision to travel right now was the cleanliness of hotel and transportation options and safe accommodations in their travel destination (81% rate each as «extremely» or «very» important). Travelocity rolled out enhanced cleanliness filters for hotel and car searches last summer and introduced cleaning and safety indicators for air travel before the holiday travel season. Online travel agencies have also updated traveler safety warnings with information from the CDC and made it easier to change or cancel travel plans by offering hotels with free cancellation options and flexible flight options like no change fees². 

«As vaccination and testing programs continue to ramp up, we know travelers will need information on how that impacts travel and we’re working to make sure they get it.»

More information on Travelocity’s 2021 Pandemic Travel Planning report is available upon request. For COVID-19 travel tips and resources, visit Travelocity.com.

About Travelocity
Travelocity encourages travelers to Wander Wisely™ and is dedicated to championing the customer by making the travel experience both simple and memorable through exceptional customer service, expert advice and guaranteed value. Based in Dallas, Texas, Travelocity is owned by Expedia Group, one of the world’s leading travel companies, with an extensive brand portfolio that includes many of the world’s leading online travel brands. 

© 2021 Travelscape, LLC, an Expedia Group company. All rights reserved. Travelocity and the Travelocity logo are trademarks of Travelscape, LLC. CST# 2056372-50

Media Contact: Melissa Dohmen, TravelocityComms@expedia.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/ready-to-travel-in-2021-new-research-uncovers-3-pandemic-trip-planning-tactics-you-should-know-before-you-go-301215175.html

SOURCE Travelocity

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — From the frontline workers needing temporary accommodations to the road warriors wanting an RV rental for a socially-distanced trip, people all over the world continued to seek accommodations in 2020. VacationRenter, a company that aggregates the best rentals from top sites, evolved to meet the changing needs of travelers and helped millions of people find places to stay in 2020.

The challenges facing the travel community amid the COVID-19 pandemic have made it crucial for travel companies to support both travelers and hosts. In response, the VacationRenter team focused on three key areas to provide for its customers:

• Health and Safety Made Easy. The VacationRenter team added features that highlighted precautions hosts were taking to keep their guests safe, such as contactless check-in and enhanced cleaning procedures, making it easier for travelers to find the best rentals.
• Personalized Search. The team redesigned the search experience by refining its machine learning algorithm to consider the new needs of travelers, providing more filters to make the planning process easier, and allowing travelers to save their favorite listings to revisit later.
• New Places to Stay. VacationRenter became the first vacation rental site to list RV rentals during a time when RV rental interest surged because of the safe and socially distant nature of RV travel. The site now has more than 100,000 RVs across 15 countries, making it the largest peer-to-peer platform for RV rentals — and the only search engine that includes both vacation rentals and RVs.

By heightening its focus on building for the new world of travel in 2020, VacationRenter wrapped up the year surpassing a major milestone. The startup — which launched in 2018 — exceeded $1 billion in gross booking value for the year.

As travel behavior continues to evolve in 2021, VacationRenter is building solutions to meet the needs of travelers everywhere. This year, the company will continue to expand into international markets and offer new property types to tailor to the unique and changing needs of guests around the world. The startup will also further simplify and personalize the customer journey by building industry-first research and planning tools, and continuing to improve its machine learning-driven property recommendations.

«People needed safe and socially-distanced places to stay in 2020, and I’m proud of our team for being there for travelers at such a critical time,» said Chief Operating Officer, Marco del Rosario. «This year, we are committed to building innovative solutions that adapt as traveler needs evolve to make finding the perfect rental easier than ever before.»

For more information, visit www.vacationrenter.com.

About VacationRenter
VacationRenter brings all rental options from the leading travel sites together in one place and showcases only the best results, eliminating the need to spend hours searching and scrolling. VacationRenter uses machine learning-driven rankings to help travelers find the perfect rental. For more information, visit www.vacationrenter.com. Follow us on Instagram, Facebook, Twitter, and LinkedIn.

Press Contact:
Lisa Glover
Director
SSPR
vacationrenter@sspr.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/vacationrenter-helps-millions-of-travelers-and-hosts-navigate-unprecedented-year-301215118.html

SOURCE VacationRenter

OKLAHOMA CITY, Jan. 26, 2021 /PRNewswire/ — Today, Omni Hotels & Resorts celebrates the grand opening of the highly anticipated Omni Oklahoma City Hotel, a 605-guest room convention center hotel in the heart of Oklahoma City.

Images and videos of the hotel and ceremonious ribbon cutting can be found HERE.

Executives from Omni held a ribbon cutting alongside Oklahoma City Convention and Visitors Bureau Interim Director Mike Burns, The Honorable Oklahoma City Mayor David Holt, The Honorable Lt. Gov. Matt Pinnell, The Alliance for Economic Development of Oklahoma City President and CEO Cathy O’Connor and Greater Oklahoma City Chamber President and CEO Roy Williams. The 17-story hotel located at 100 West Oklahoma City Blvd. will serve the city’s revitalized downtown area including the convention center, Scissortail Park and Chesapeake Energy Arena, home of the NBA’s Oklahoma City Thunder.

«Those who walk through our doors, whether you’re traveling to Oklahoma City or you are a local enjoying a staycation or a day downtown, will feel an immediate sense of the deep authenticity and rich culture that this city has to offer,» Omni Oklahoma City General Manager Steve Keenan said. «Omni will offer a new and elegant way to experience an Oklahoma City adventure as we continuously aim to go the extra mile with every interaction and every gesture.»

Omni Oklahoma City Hotel marks the brand’s expansion into Oklahoma. The property consists of 78,000 square feet of flexible meeting, event and pre-function space and sits caddy-corner to a streetcar stop, placing the hotel right within the bustling community of downtown.

«Omni Hotels & Resorts is laser-focused on its development strategy and, despite the industry impacts of COVID-19, our expansion across the Red River reinforces our commitment to that strategy,» said Peter Strebel, president of Omni Hotels & Resorts. «We look forward to extending our genuine hospitality into this tenacious city and becoming a new addition to the downtown skyline that Oklahomans can be proud of. Each of our hotels are unique to the community, and Omni Oklahoma City Hotel is no different with a top-to-bottom design that authentically conveys the welcoming spirit of the city.»

The hotel’s design features elements that draw inspiration from the surrounding pastoral landscape of the Oklahoman terrain including layers of the earth and sky. Paying homage to the state and weaving in rustic, earthy tones that represent the prairie land and sunset, the property’s common areas, guest rooms, ballrooms and spa also embrace textured walls and components of wood, metal and chevron patterns that pay homage to the local industry; Oklahoma’s state bird, the Scissor-tailed flycatcher; and the economy of the city and its surroundings.

The hotel features 605 guest rooms, including 29 suites, with well-appointed furnishings, regional influences and dramatic views of Scissortail Park and the downtown skyline. Additionally, the hotel’s top 17^th floor was designed to cater specifically to professional basketball players featuring California King beds, larger door frames and taller ceilings and shower heads.

Hotel amenities are available to locals, travelers and overnight guests. Hotel highlights include:

Food & Beverage: Omni Oklahoma City Hotel provides a variety of food and beverage outlets to anyone who walks through its doors. A perfect, culinary-forward experience for any occasion, the seven restaurant and bar outlets include Basin Bar, OKC Tap House, Bob’s Steak & Chop House and Park Grounds — which open with the hotel on Jan. 26 — in addition to Seltzer’s, Catbird Seat and Double Double Burger Bar, which will open at a later date.

Wellness: The full-service Mokara Spa, state-of-the-art fitness center and rooftop pool deck terrace will offer a premier and luxurious experience with personalized, exceptional service to all. Mokara Spa provides a tranquil relaxation lounge and features head-to-toe treatments, a revitalizing sauna and pampering nail services. Its design pulls inspiration from the state’s important commodity – cotton. The 24-hour fitness center is available to all guests and, located on the third floor, while the pool deck overlooks Scissortail Park providing beautiful, scenic views.

Meetings: Situated between the new convention center and Chesapeake Energy Arena, Omni Oklahoma City Hotel will be a nationwide destination for meetings and events. All 78,000 square feet of meeting space will be located on the second floor, with the exception of an outdoor event lawn on the third floor and a boardroom located on the 17^th floor which can be used as a convenient and private meeting space for visiting NBA teams.

In the spirit of highlighting Oklahoma’s healthcare workers, Omni Oklahoma City Hotel is honored to recognize Charles Maines RN from INTEGRIS Southwest Hospital (INTEGRIS) as its first guest. Maines contracted COVID-19 earlier in 2020, successfully recovered and returned to work to continue treating patients battling COVID-19. As an inspiring leader to his team at INTEGRIS, Maines will also be enrolled as a lifetime member to Omni’s Select Guest ® Loyalty Program.

To add to the celebration, the office of Oklahoma City Mayor Holt proclaimed Tuesday, Jan. 26, 2021, as «Omni Oklahoma City Hotel Day.» The proclamation was read by Mayor Holt at the privately-held ribbon cutting event.

«The opening of the Omni in Oklahoma City is a continuation of an exciting chapter in downtown Oklahoma City’s ongoing transformation,» Mayor Holt said. «In partnership with the MAPS 3 convention center, Omni helps further propel our city to bring in new visitors, tax dollars and more.»

Omni Oklahoma City Hotel opens following Omni Hotels & Resorts’ Safe & Clean program. The initiative includes extensive cleaning guidelines, processes and procedures to ensure the health, safety and comfort of guests and associates. It is informed by the Centers for Disease Control and Prevention (CDC) guidelines and also meets the «Safe Stay» initiative set forth by the American Hotel & Lodging Association (AHLA).

The hotel is conveniently located in the heart of Oklahoma City with easy access to I-40 and the Will Rogers Airport. To book a stay, spa treatment, group meeting or event, visit omnihotels.com/hotels/oklahoma-city.

About Omni Hotels & Resorts
Omni Hotels & Resorts creates genuine, authentic guest experiences at 60 distinct luxury hotels and resorts in leading business and leisure destinations across North America. With more than 25 iconic golf courses and 16 award-winning spas featured in dynamic locales nationwide, every Omni proudly opens its doors to share the true spirit of its destination. Reflected through local color, personalized service, unique wellness options, signature restaurants and creative culinary offerings, Omni leaves a lasting impression with every guest and a heightened level of recognition and rewards delivered through its Select Guest® loyalty program. As a founding member of the Global Hotel Alliance, Select Guest is further expanded through the DISCOVERY loyalty program offering members additional global benefits. Omni is committed to reducing hunger and is on a mission through its Say Goodnight to Hunger initiative to provide millions of meals each year for food banks to feed children, families and seniors in communities in which it operates. Through its partnership with Shared Hope International, Omni is dedicated to the education and training of its associates to help combat human trafficking.

Omni Hotels & Resorts is the official hotel of the PGA TOUR® and PGA TOUR Champions. For information or to book accommodations, visit omnihotels.com or call 1-800-The-Omni.

View original content to download multimedia:http://www.prnewswire.com/news-releases/omni-oklahoma-city-hotel-proudly-opens-its-doors-to-the-oklahoma-city-community-301215141.html

SOURCE Omni Hotels & Resorts

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9 million units. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 880,552 units, an increase of 0.4% from a year ago when adjusted for the same number of selling days. Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020. 

«Entering 2021 with retail sales in line with last year is a big win for the automotive industry,» said Nick Woolard, Lead Industry Analyst at TrueCar. «However, while retail sales have rebounded, rental fleets remained depressed and continue to interrupt fleet sales. . As a result, fleet sales are struggling to come back to pre-pandemic levels and are driving total unit sales down.»

«The automotive industry continues to reap the benefits of continued strength in retail demand with lower incentive spend. A handful of brands such as Ford, Genesis, GMC, Ram and Toyota, appear to be in the coveted quadrant of both retail growth as well as incentive decline. This is mostly driven by new product and being in the right segments or a combination of the two,» added Woolard.

Average transaction prices (ATP) are projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020. TrueCar projects that U.S. revenue from new vehicle sales will reach approximately $39 billion for January 2021, down 4.4% (based on a non-adjusted daily selling rate) from a year ago and down 38.2% from last month.

«Average transaction prices have finally come down from the record-setting highs we saw last month, but are still higher than this time last year.  Of the bigger manufacturers, only Kia has an average transaction price below $30,000. We expect this trend to continue as consumers desire pricier trucks and SUVs,» said Alain Nana-Sinkam, Vice President of Industry Insights at TrueCar. «As new vehicle prices rise, we may see more price-conscious shoppers gravitate back towards smaller segments or the used car market due to growing concerns around affordability.»

Additional Insights (forecast by TrueCar):

• Total retail sales for January 2021 are expected to be up 0.4% from a year ago and down 28.6% from December 2020 when adjusted for the same number of selling days.
• Fleet sales for January 2021 are expected to be down 23.7% from a year ago and up 8% from December 2020 when adjusted for the same number of selling days.
• Average transaction price is projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020.
• Total SAAR is expected to decrease 5.5% from a year ago from 16.8 million units to 15.9 million units.
• Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020.
• The average interest rate on new vehicles is 5.6% and the average interest rate on used vehicles is 8.1%.

January 2021 forecasts for the 13 largest manufacturers by volume. For additional data, visit the TrueCar Newsroom.

Total Unit Sales

Retail Unit Sales

Fleet Unit Sales

Fleet Penetration

Total Market Share

Retail Market Share

Average Transaction Price (ATP)

Incentive Spending

Incentives as a Percentage of Average Transaction Price (ATP)

(Note: This forecast is based solely on TrueCar, Inc.’s analysis of industry sales trends and conditions and is not a projection of TrueCar, Inc.’s operations.)

About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com 

TrueCar PR Contacts:
Shadee Malekafzali
shadee@truecar.com
424.258.8694

Tanya Kohan
tkohan@truecar.com
714.425.6319

View original content to download multimedia:http://www.prnewswire.com/news-releases/truecar-forecasts-new-and-used-retail-sales-up-slightly-year-over-year-for-january-2021-while-fleet-recovery-drags-301214612.html

SOURCE Truecar, Inc.

LOS ALTOS, Calif., Jan. 26, 2021 /PRNewswire/ — The Toyota Research Institute (TRI) announced today that it has selected 13 additional academic institutions to participate in the next five-year phase of its collaborative research program. These universities join MIT, Stanford and the University of Michigan which have worked with TRI over the last five years to expand the body of research into artificial intelligence (AI) with the goal of amplifying the human experience.

The next five-year phase includes investing more than $75 million in the academic institutions, making it one of the largest collaborative research programs by an automotive company in the world.

«Our first five-year program pushed the boundaries of exploratory research across multiple fields, generating 69 patent applications and nearly 650 papers,» said Eric Krotkov, TRI Chief Science Officer who leads the university research program. «Our next five years are about pushing even further and doing so with a broader, more diverse set of stakeholders.  To get to the best ideas, collaboration is critical.  Our aim is to build a pipeline of new ideas from different perspectives and underrepresented voices that share our vision of using AI for human amplification and societal good.»   

The following universities completed a comprehensive proposal submission and review process and will participate in the next phase of TRI’s collaborative research program: 

1. Carnegie Mellon University
2. Columbia University
3. Florida A&M University–Florida State University College of Engineering
4. Georgia Institute of Technology (Georgia Tech)
5. Indiana University
6. Massachusetts Institute Technology (MIT)
7. Princeton University
8. Smith College
9. Stanford University
10. Toyota Technological Institute at Chicago (TTIC)
11. University of California, Berkeley
12. University of Illinois
13. University of Michigan
14. University of Minnesota
15. University of Pennsylvania
16. UCLA

Through this program, TRI will lead 35 joint research projects focused on achieving breakthroughs around difficult technological challenges in TRI’s research areas: Automated Driving, Robotics and Machine Assisted Cognition (MAC). 

The primary objectives of the joint research projects are to:

• Contribute significant new knowledge and understanding to the artificial intelligence field.
• Demonstrate the potential to radically advance state of the art concepts into possible use cases.
• Promote the transfer of knowledge through the meaningful exchange of scientific and technical information between TRI researchers and academic partners.
• Create and share infrastructure, including data and software, to further research, promote reproducibility and support education.

The first phase of the program, conducted over the last five years, sponsored 98 projects involving about 100 faculty members and over 200 students. These projects yielded important technology advances for ongoing TRI projects, including transfer learning in computer vision, self-supervised learning on contact-rich tasks, and techniques for mimicking human behavior in various driving interactions. The projects generated several awards for published papers at leading conferences including the CVPR 2018 Best Paper, an ICRA 2019 Finalist Best Paper, the ICRA 2019 Best Paper, and the 2020 IEEE Robotics and Automation Letters Best Paper Award. Additionally, the close collaborations resulted in the recruitment of several new TRI team members.

This next five-year phase focuses investments in projects TRI researchers have a keen academic interest in exploring to create more value and impact for TRI. Each project features a TRI researcher as a co-investigator who will work with the university partner. This approach directly engages TRI researchers with the academic AI partners and ensures that the research contributes to the TRI mission.

TRI is also offering Young Faculty Researcher (YFR) projects to form partnerships with more junior (typically pre-tenure) faculty members. Whereas joint projects have TRI pursuing a specific direction and reaching technical milestones along the way, the YFR projects are specifically designed to support promising tenure stream faculty members, enabling them to explore broadly, inquire deeply, and address higher-risk, higher-payoff ideas. In YFR projects, TRI invests in the researcher and provides them with the freedom and flexibility to pivot from one direction to another.  

About Toyota Research Institute
Toyota Research Institute (TRI), established in 2015, aims to develop active vehicle safety and automated driving technologies, robotics, and other human amplification technology.  Led by Dr. Gill Pratt, TRI’s researchers use artificial intelligence to benefit society and improve the human condition by creating a future where everyone has the freedom to move, engage, and explore. TRI is based in the United States, with offices in Los Altos, California, Cambridge, Massachusetts, and Ann Arbor, Michigan. For more information about TRI, please visit http://tri.global.

Media Contacts

Stephen Hughes
Communications Mgr
Toyota Research Institute
Stephen.Hughes@tri.global
650-422-8947

Wendy Rosen
Communications Dir.
Toyota Research Institute
Wendy.Rosen@tri.global
650-284-6429

View original content to download multimedia:http://www.prnewswire.com/news-releases/toyota-research-institute-launches-next-phase-of-collaborative-research-with-diverse-roster-of-world-class-academic-institutions-301215071.html

SOURCE Toyota Research Institute

MISSION, Kan., Jan. 26, 2021 /PRNewswire/ — Dealers share a common goal to engage customers and maximize profits but doing so efficiently while minimizing marketing spend can prove challenging. With the new Automotive Marketing Platform powered by VinSolutions, dealers can elevate their marketing without increasing their workload. Automotive Marketing Platform is a marketing tool that integrates with the CRM providing an end-to-end view across marketing and sales. This enables dealers to leverage data insights and automate workflows to deliver personalized experiences across the ownership lifecycle. Ultimately, Automotive Marketing Platform is the complete package for driving consumer engagement and helping to maximize ROI.

«Until now, dealerships had to manage campaigns across different departments, vendors and marketing channels, which inevitably created inconsistencies, depleted resources and compressed ROI,» said Tracy Fred, vice president of operations for Cox Automotive brands VinSolutions, Xtime and Dealertrack DMS. «With centralization and automation, Automotive Marketing Platform addresses the reality that two-thirds of a salesperson’s time is typically spent on non-revenue-generating activities like managing different tools across departments and duplicate data entry.¹«

Automotive Marketing Platform helps protect dealership revenue with improved customer engagement, greater efficiency in marketing spend, increased marketing reach across departments, time-saving automation and centralization, and superior campaign performance. Key features include:

• CRM Integration: Marketing activity is stored directly in the customer record in VinSolutions’ Connect dealership CRM instead of another tool, making it easier to guide personalized conversations, determine next steps and avoid duplicated efforts that frustrate customers and team members alike.
• Automated Marketing Workflows: Marketing outreach is informed by data science and real customer behaviors, creating a series of «if, then» scenarios throughout the process that allows communication to be both automated and personalized.
• Data Insights: Cox Automotive proprietary data identifies the types of customers who are most likely to be ready to buy based on their online behavior, maximizing sales opportunities, and proactively converting leads before they are even submitted.
• Automated Offers Engine: With access to customer data from Kelley Blue Book and Autotrader, Automotive Marketing Platform sends customers personalized offers, matching them with current inventory and including personalized payment recommendations based on their equity position and applicable incentives data.
• Marketing Account Manager: All campaigns built in Automotive Marketing Platform are backed by the support of a dedicated Marketing Account Manager, an automotive marketing specialist who guides and executes the dealership’s strategic marketing direction.
• Dashboard/Reporting: A robust reporting dashboard enables dealerships to quickly understand the performance of campaigns and channels so impactful adjustments can be made effectively, helping to maximize ROI on marketing spend.
• Marketing Channels: Recommendations and automated CRM tasks ensure customers are reached on the right channels, including email, phone calls, and Facebook/Instagram ads.

«One of the greatest strengths of Automotive Marketing Platform is being able to target customers with the right message, at the right time—at the right moment when the customer is most likely to act and create opportunities for our stores,» added Justin Harmon, Marketing Director, Eide Automotive Group.

The Automated Marketing Platform joins VinSolutions’ portfolio of products that leverage data science and artificial intelligence, including Connect Automotive Intelligence. In addition to providing salespeople with insights to better understand their customers, dealers will now be able to use Connect AI Buying Signals as a lead source with the new automated lead creation functionality. Connect AI and Automotive Marketing Platform can be purchased separately as well as integrate seamlessly to create even more powerful and accurate customer engagement.

To learn more about Automotive Marketing Platform powered by VinSolutions, visit www.vinsolutions.com.  

About VinSolutions 

As the provider of Connect CRM, Connect Automotive Intelligence, and the supporting suite of Connect solutions, VinSolutions helps more than 6,000 dealers make every connection count. VinSolutions’ industry-leading tools—including customizable customer relationship management, artificial intelligence, and desking—help dealerships drive more leads, increase profits, and accelerate the path to purchase. Founded in 2006 and headquartered in Mission, Kansas, VinSolutions fosters dealership success by providing a fully customizable suite of solutions, including equity mining, market pricing and desking tools, combined with the continuous, personal support of a designated Performance Manager. VinSolutions is OEM certified by every major manufacturer and is Autosoft, CDK, Reynolds & Reynolds and Dealertrack DMS certified. www.vinsolutions.com 

About Cox Automotive

Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader^®, Clutch Technologies, Dealer.com^®, Dealertrack^®, Kelley Blue Book^®, Manheim^®, NextGear Capital^®, VinSolutions^®, vAuto^® and Xtime^®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com

¹ «Why Sales Reps Spend Less Than 36% of Time Selling (And Less Than 18% In CRM).» Krogue, Ken. Jan. 10, 2018

View original content to download multimedia:http://www.prnewswire.com/news-releases/vinsolutions-introduces-its-automotive-marketing-platform-to-help-dealers-take-charge-of-their-campaigns-301214907.html

SOURCE VinSolutions