For optimal viewing through your web browser or PDA, click here.

SPONSORED BY
Click Here
NADA.org
Tuesday, Feb. 16, 2010 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top Stories
Portland Car Dealer Ed Tonkin Helms National Auto Association
Toyota Gives Dealers an Olive Branch: Promises Ad Campaign
Toyotas with Repaired Pedals Almost Ready for Sale Again
Dealers Upbeat, But Frustrated With Attention
T. Boone Pickens Speaks in Orange Co.
The Worst is Behind Us, Auto Makers Say
Hyundai Dealers Running Short of New Tucson Crossover
Click Here for More News from NADAFrontPage.com
Top Stories
Portland Car Dealer Ed Tonkin Helms National Auto Association

ORLANDO -- Edward C. Tonkin took over the top job at the National Automobile Dealers Association on Monday, accepting a role his father, Ron Tonkin, patriarch of the Portland family's dealership chain, took on 21 years ago. "This chairmanship of NADA is not about me, it's about you. It's about us, together," Tonkin, 55, told attendees of the association's annual conference, which concluded Monday in Orlando, Fla. Tonkin takes the helm after one of the most difficult years auto dealers have faced and in a new year -- with millions of Toyota vehicles recalled nationwide in the first two months -- that looks to be another challenge.
Source: The Oregonian

[back to top]

Toyota Gives Dealers an Olive Branch: Promises Ad Campaign

ORLANDO -- Toyota officials apologized to their dealers Monday for the recalls for unintended acceleration and other problems and offered the prospect of a splashy ad campaign soon — combined with possible discounts or longer warranties — to help them lure back reluctant buyers. "We're a quality brand. We stumbled. I'll say 'I'm sorry,' and I truly believe that," said Don Esmond, senior vice president of Toyota's U.S. sales arm after meeting with about 300 dealers gathered here. Toyota officials held out the prospect of helping dealers restart sales with a spring ad campaign. "We'll get back in the business," Esmond vowed, "with a very good competitive program," possibly as soon as next month.
Source: USA TODAY

[back to top]

Toyotas with Repaired Pedals Almost Ready for Sale Again

ORLANDO -- Toyota dealers expect to have the "vast majority" of their new cars fixed under the automaker's gas-pedal recall in the next two weeks, allowing them to fully resume sales of eight models that were taken off the market, a top Toyota executive says.  ... Senior Vice President Don Esmond said in an interview here over the weekend that dealers, who are going "above and beyond" to get the recall repairs done, have been able to fix their own sales stock as well. "By the end of the month, the vast majority of that inventory will be fixed," Esmond said. He says he thinks the "tide has turned" for Toyota in its recall crisis with a wellspring of support from loyal customers. (On Monday he met) with dealers at the National Automobile Dealers Association meeting here to deal with anxiety over the recalls. "I think frankly we're all pretty frustrated," he said
Source: USA TODAY

[back to top]

Dealers Upbeat, But Frustrated With Attention

ORLANDO -- While optimistic about Toyota's future, the automaker's dealers say they are increasingly frustrated with the heightened attention being placed on Toyota because of recalls associated with unintended acceleration. "I'm tired of the media onslaught," said Bill Stringer, business manager of a Toyota dealership in Missouri. "I live and breathe my brand. It's my livelihood, and my livelihood has been greatly affected in the last few weeks. My family's income is at risk ... because of this onslaught from the media."
Source: Detroit Free Press

[back to top]

T. Boone Pickens Speaks in Orange Co.

Pickens talks to auto dealers
ORLANDO -- T. Boone Pickens took the Orange County Convention Center to speak before the National Automobile Dealers Association. Pickens, 81, is a former oil tycoon and current energy activist. Pickens said he is on a mission to end dependence on foreign oil here in the United States. The activist (brought) his message to the beleaguered auto industry Monday to help wrap up a three-day convention. " ... We [U.S.] have more natural gas than any other place in the world." Some dealers said they are open to new ideas, especially after the tough time the auto industry endured last year. "Being a Ford dealer, we are all about driving green and driving energy and we are open for any suggestion as we move forward and I think consumers want us to listen so that we can build the right vehicles and make sure they get in the hands of consumers," Ford dealer J.P. Miller said. Pickens suggests Congress should pass a law that requires 18-wheelers to run on natural gas.
Source: 2 WESH Orlando (NBC)

[back to top]

The Worst is Behind Us, Auto Makers Say

The auto industry will enjoy a substantial sales recovery in 2010, says Paul Taylor, chief economist for the National Automobile Dealers Association. He’s predicting that nearly 12 million vehicles will change hands this year, up from 10.4 million (aided by Cash for Clunkers) in 2009, a figure that was down 21.2 percent from 2008. “Industry sales will increase to 11.9 million light vehicles for 2010,” says Taylor. One reason for his confidence: sales of crossover SUVs rose 14% in January compared to 2009; small and mid-sized cars 21 percent; and hybrids up 11 percent.

Used cars also did well in January, according to Jonathan Banks of the NADA Used Car Guide. He said that all used segments posted double-digit year-over-year increases in January. “Used-vehicle supply, even with the expected million-plus increase in trade-ins, will remain relatively low,” Banks said. “Economic fundamentals point to improved demand, and more constraint on new-car production should keep those transaction prices in check.” Gas prices and Toyota’s continuing crisis are wild cards, he said.
Source: BNET (CBS Interactive)

[back to top]

Hyundai Dealers Running Short of New Tucson Crossover

ORLANDO -- While Toyota has been going through the wringer, Hyundai seems to be walking on water. Executives met with their dealers (Monday) in Orlando and it sounds like the news was mostly good, if not great. The CEO of Hyundai Motor America, John Krafcik, crowed about the seven new models on the way. "The pipeline is bursting," he said. All the while, Hyundai has been picking up a greater share of the U.S. auto market. Market share has climbed to 4.1% of the U.S. market, having picked up a full percentage point in the last year. "The dealers are pretty enthusiastic," he says.
Source: USA TODAY

[back to top]

Click Here for More News from NADAFrontPage.com

[back to top]

 
Quotable
 
"This chairmanship of NADA is not about me, it's about you. It's about us, together. It means we all come together in a united front to face the challenges of our industry, and they continue to be many."

    -- NADA Chairman Ed Tonkin, speaking Monday at the association's convention in Orlando, Fla., The Oregonian, Feb. 16
Video Highlights
 

NADA Launches New Online Magazine


NADA-TV: Exclusive Interview with GM's Susan Docherty, VP Sales, Service & Marketing


NADA Comes Through in a Tough Year (NADA-TV)


NADA's Trucks for Haiti Campaign Off to Strong Start
 (NADA-TV)


Chairman McEleney: Dealers Prepared to Repair Toyota Accelerators (Fox Business)

2010 Convention
 

CLICK HERE FOR MORE CONVENTION STORIES.


REGULATORY UPDATES



Save Up to 48% Off Select Lenovo Notebook Computers

Don't miss this opportunity for incredible savings on select Lenovo products during February with this eCoupon. Use the eCoupon USXSWEETDEALS at checkout to maximize your discount. Enjoy up to 48% off select notebooks, such as the ThinkPad T500 with integrated graphics for only $652.02. Power through graphics, presentations, personal e-mails and more with your new Lenovo products. To learn more about these and other specials for NADA members, visit NADA's PC Purchase Program site (member log in required).

Click Here
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.