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Top 10 Stories
VW Passes Toyota Target as Ford Surges Ahead in Profit Race
NADA Refutes Misperceptions
Chrysler Says More Time Needed to Change Perceptions on Quality
AutoNation Operating Profit Up on Across-the-Board Revenue Gains
Hyundai 3Q Profit Jumps 38 Percent to $1.2 Billion
NADA Partners with Time Magazine to Publish Special Section on Auto Industry
Nissan to Fix 2.14 Million Cars in 3rd Biggest Recall
The Break-Even Equation
Group 1 'Won't Be Deterred' From Buying Toyota Stores
Cadillac to Make Small Car
Top 10 Stories
VW Passes Toyota Target as Ford Surges Ahead in Profit Race

Volkswagen AG, the world’s third-largest carmaker, passed Toyota Motor Corp.’s full-year profit target in the first nine months of the year, as a resurgent Ford Motor Co. soared ahead in the auto industry earnings race. (Read more)
Source: Bloomberg

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NADA Refutes Misperceptions

It bothered National Automobile Dealers Assn. leaders to learn something as they lobbied for some key causes this year and last. They discovered a lot of lawmakers, journalists and average citizens know little about the workings of the U.S. auto industry in general and the dealership model in particular. (Read more)
Source: Ward's Auto

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Chrysler Says More Time Needed to Change Perceptions on Quality

Chrysler Group LLC, which scored below average in Consumer Reports’ reliability ratings released yesterday, is working to improve opinions about its automobiles, the automaker’s top quality executive said. (Read more)
Source: Bloomberg

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AutoNation Operating Profit Up on Across-the-Board Revenue Gains

Net income falls on higher interest expense

Revenue gains in all areas of the business helped drive up third quarter operating profit for AutoNation Inc., but net income dropped, primarily on higher interest expense. (Read more)
Source: Automotive News

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Hyundai 3Q Profit Jumps 38 Percent to $1.2 Billion

SEOUL, South Korea -- Hyundai Motor's net profit jumped 38 percent in the third quarter as growth in emerging markets like China and India helped the automaker overcome a strengthening South Korean currency. (Read more)
Source: The Associated Press

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NADA Partners with Time Magazine to Publish Special Section on Auto Industry

Available in this week’s edition of Time Magazine

NEW YORK – NADA has teamed up with Time magazine to produce a special feature, “Getting in the Fast Lane,” that highlights how the auto industry is “engineering a renaissance in the U.S.” The 11-page section looks at the biggest shift in the auto industry in 100 years as the industry leaves behind a brutal stretch. (Read more)
Source: NADAFrontPage.com 

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Nissan to Fix 2.14 Million Cars in 3rd Biggest Recall

Nissan Motor Co said on Thursday it would recall 2.14 million March/Micra, Cube and about a dozen other models in its third-biggest recall, to fix a faulty ignition relay that could cause engine problems. (Read more)
Source: Reuters

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The Break-Even Equation

GM, Bankers, U.S. Treasury Weigh Size of IPO Against Need to Buoy the Price

As General Motors Co. plans its initial public offering for next month, and readies its "road show" for the sale next week, some bankers and analysts say the shares could reach a high enough price for the U.S. to come close to breaking even on its 2009 bailout of the car maker. (Read more)
Source: The Wall Street Journal

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Group 1 'Won't Be Deterred' From Buying Toyota Stores

Despite a spat over an acquisition attempt this summer, Group 1 Automotive Inc. still wants to add Toyota stores to its network. “If we find a Toyota dealership that meets our requirements, we won’t be deterred,” Group 1 CEO Earl Hesterberg said Tuesday. (Read more)
Source: Automotive News

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Cadillac to Make Small Car

General Motors Co. will build a new small Cadillac sedan in Lansing, Mich., adding about 600 jobs as the auto maker looks to bolster fuel-efficient offerings in its lineup, people familiar with the plan said Wednesday. (Read more)
Source: The Wall Street Journal 

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Quotable
 
"Open communications have proved invaluable to us."

    -- NADA Vice Chairman Stephen Wade, on NADA's efforts to clear up legislators' misperceptions on key automotive topics such as how cars are sold and financed, Ward's Auto, Oct. 27

Video Highlights
 

NADA Chairman Ed Tonkin Speaks to the Automotive Press


NADA Convention Chairman Jack Caldwell: Registration Numbers Ahead of Last Year


 
UPCOMING SEMINARS

Advanced Service Management in Cerritos, Calif. (Nov. 1–5)  

Webinar: The New Risk-Based Pricing Rule (Nov. 3)

NADA's 'Dealer Day' Conference at 2010 SEMA Show in Las Vegas (Nov. 3)

To register for NADA U training, sign in to NADA U, then go to the NADA U Store, select “Webinars & Seminars” under “Products,” and follow the ordering instructions.


NADA Convention

‘Aftermarket Zone’ at the NADA Convention Sells Out

The “Aftermarket Zone” at the 2011 NADA Convention & Expo in San Francisco has sold out. The “Aftermarket Zone,” which has doubled in size since debuting at the 2010 convention, will showcase 15 companies in more than 8,000 square feet of booth space. For more information, click here.


Used Car Guide



Guides | Data | Integrated Solutions | Analysis


NADA Member Wins HP Mini Notebook

Congratulations to D. Ward Drennen, III, of Don Drennen Motor Co Inc. in Birmingham, Ala., the winner of NADA's drawing for an HP Mini Notebook for responding to an e-mail survey on how dealers can make the most of technology. To learn more about discounted HP products go to NADA's PC Purchase Program site (member log in required)

 
Lenovo's Laptop Discounts

NADA members can use eCoupon USXOCTSAVINGS at checkout and save an additional 5% off the sale price of the ThinkPad L Series and the ThinkPad X Series and 10% off the sale price of the X Series Tablet. This offer expires Oct. 31. To learn more about this offer and other discounted Lenovo products go to NADA's PC Purchase Program site (member log in required)


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