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Top Stories
August Light-Vehicle Sales Achieve Record Fuel-Efficiency Rating
Chrysler to Suspend Jeep Production
Chrysler Names New Chiefs to Head Ram, Car Brands
Volkswagen Is Steering Toward American Tastes
AP Analysis: Signs of Recovery in Some US Areas
Top Stories
August Light-Vehicle Sales Achieve Record Fuel-Efficiency Rating

Consumers went for miles-per-gallon in a big way in August, as U.S. light-vehicle sales achieved a record fuel-efficiency rating, the Ward’s Fuel-Economy Index shows. The index, which measures the average miles-per-gallon per LV sold, hit a 23 mpg (10.2 L/100 km) average in the month, up 1% from the previous high set in July. The index is calculated using Environmental Protection Agency fuel-economy ratings for individual models and engine-installation rates gathered by Ward’s to estimate the relative fuel efficiency of U.S. car and light-truck sales on a monthly basis. The Ward’s FEI indicates the “Cash for Clunkers” program, which offered consumers as much as $4,500 to trade low-mileage older vehicles for more fuel-efficient models during July and August, boosted the average fuel economy of LVs sold in both months to record highs that tracked well above trend.
Source: WardsAuto.com

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Chrysler to Suspend Jeep Production

DETROIT -- Chrysler Group LLC will suspend production of its popular Jeep Wrangler and Wrangler Unlimited vehicles due to a shortage in parts from an unidentified supplier. Chrysler will idle its Toledo Supplier Park facility in Ohio for one week starting [today], the company said Friday without disclosing more details. The Wrangler has been one of Chrysler's best-performing vehicles in terms of sales for the year.
Source: The Wall Street Journal

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Chrysler Names New Chiefs to Head Ram, Car Brands

The company said Monday that Fred Diaz Jr. will be president and CEO of the Dodge Ram brand, which consists of vehicles like the Dodge Ram pickup. Chrysler says Ralph Gilles will be president and CEO of the Dodge Car brand. Chrysler says Olivier Francois will be president and CEO of the Chrysler brand. Francois was previously head of the Lancia brand at Fiat Group Automobiles.
Source: The New York Times

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Volkswagen Is Steering Toward American Tastes

In relocating the domestic headquarters from suburban Detroit last year, [Volkswagen's U.S. chief executive, Stefan Jacoby] is steering the brand in a new direction that focuses less on the iconic Beetle and cars aimed mainly at young, trendy buyers and more on the expectations of middle-class buyers -- such as cup holders, entertainment systems and other creature comforts. "We Germans drive and we are not drinking in the car," he added. "Americans have breakfast and coffee in the car. We have to adjust to this."
Source: The Washington Post

Editor's Note: Stefan Jacoby will deliver the keynote address at NADA’s 93rd annual convention on Saturday, Feb. 13. For more information on the convention or to register, visit www.nada.org/convention.

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AP Analysis: Signs of Recovery in Some US Areas

Signs of a slow and fitful recovery emerged in August in some communities across the country where unemployment dropped and foreclosures stabilized, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties. The latest results of the AP's Economic Stress Index showed the pain easing in some of the nation's hardest hit areas, such as Elkhart, Ind., and pockets of the Carolinas. But foreclosure hotbeds in metro Las Vegas and South Florida continued to suffer.
Source: The Associated Press

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Quotable
 
"If there isn't some other fairness that is injected," Congress might still pass legislation on dealer (rights).

   
-- House Speaker Nancy Pelosi said Congress has legitimate questions that need to be answered about the "fairness" of decisions by General Motors and Chrysler to close more than 2,000 dealers by the end of next year, The Detroit News, Oct. 3
Video Highlights
 

Crisis Timeline: NADA in High Gear (NADA-TV)


Media Coverage: The Tragedy of Dealer Closings (NADA-TV)



NADA's New Buy Now Campaign


 Senate Testimony on Floorplan Loans (NADA-TV) 
 NADA Tackles Industry Crisis (NADA-TV) 
NADA on the Front Lines  (NADA-TV)

Click here for more video reports.
2010 Convention
 
 

Did you know?

Orlando is rated No. 2 out of the top 200 event destinations, attracting more than 4 million attendees for conventions and meetings each year. So why not plan a family vacation before or after the NADA convention? Convention delegates can purchase discounted tickets to nearly 100 attractions, such as SeaWorld, Universal Orlando, Walt Disney World, Kennedy Space Center and more. Click here for details.

Be in the know
at the NADA Convention & Expo in Orlando, Fla., Feb. 13-15.

 
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