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

SPONSORED BY
 
NADA.org
Saturday, Feb. 5, 2011 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training

Top 5 Stories
Dealer Optimism Grows in Smaller Ranks
Auto Industry Primed for a Comeback
NADA: Auto Retailing Will Help Lead the Economic Recovery
Exhibit Spotlights 3 Safety Concerns
National Automobile Dealers Association Meets in San Francisco
Top 5 Stories
Dealer Optimism Grows in Smaller Ranks

Downsized car dealers see profits rising, more stability

SAN FRANCISCO — The nation's 16,000 surviving auto dealers are sensing a nascent turnaround after years of disappointing sales, a large reduction of their ranks and the loss of major U.S. brands. "It's better, but it's only incrementally so," said John Medved, a Denver-area dealer. "It's like the fire is not 1,100 degrees, it's only 800 degrees." The shrinking of the dealer network has devastated some dealers, their employees and the communities that looked to them to sponsor Little League teams, supply vehicles for July 4 parades and lead civic groups. But U.S. dealers are hopeful that improving sales and leaner business practices will mean stability — and profits.
Source: The Detroit News

[back to top]

Auto Industry Primed for a Comeback

SAN FRANCISCO -- Automakers and their dealers have had a rough three years -- dealerships closed, car makers needed government bailouts. But now they are no longer grimacing. The CEO of Chrysler, Sergio Marchionne, was in San Francisco Friday to talk to 17,000 auto dealers and the vendors who supply them. He is hoping the turnaround has traction. "We need to walk before we start running. We cannot believe our own press. I think that we learned the hard way on a number of things," said Marchionne. The National Automobile Dealers Association is setting up a large exhibit floor at Moscone Center. Its chairman singles out additional reasons for optimism. "The auto loans are very low right now. The average interest rate is about 6 percent," said NADA chairman Ed Tonkin. "And you have a fleet of cars that's actually 10 years old -- the average age of the fleet is 10 years old -- so you do have some pent-up demand."
Source: KGO-TV

[back to top]

NADA: Auto Retailing Will Help Lead the Economic Recovery

SAN FRANCISCO -- Ed Tonkin, chairman of the National Automobile Dealers Association (NADA), highlighted several factors that will lead to a strong year in auto retailing, the topic of an industry forum held Friday. “We’re starting to see some real evidence that things are getting better,” Tonkin said in remarks at the International Automotive Roundtable hosted by J.D. Power and Associates in San Francisco. “And we’re confident that auto manufacturing and retailing will help lead the economic recovery.” The roundtable was held in conjunction with the 2011 NADA Convention and Expo, which runs Feb. 5-7 at the Moscone Center. Thousands of the nation’s dealers with meet with their respective automakers at 24 franchise meetings at the convention. “Every aspect of the NADA convention is designed to help dealers ‘win big at retailing’—from the franchise meetings, workshop sessions to shopping the Expo floor,” Tonkin said. “Dealer optimism – about their franchises, the economy and sales – is on the rise.”
Source: NADA

[back to top]

Exhibit Spotlights 3 Safety Concerns

NADA has launched an exhibit to encourage dealers to promote safety behind the wheel. "Dealers Driving Road Safety" focuses on three issues: child passenger safety, safe teen driving and rural driving safety. Three dealership groups that have been involved in various auto safety programs are on hand at the show to talk to their peers about their initiatives: 1. Annette Sykora, dealer principal of Smith South Plains in Levelland, Texas, will address child passenger safety. 2. Susan Scarola, vice chairman of DCH Auto Group of South Amboy, N.J., will discuss safe teen driving. 3. Bill Underriner, owner of Underriner Motors in Billings, Mont., will talk about rural driving safety.
Source: Automotive News

[back to top]

National Automobile Dealers Association Meets in San Francisco

Car dealers have hit some rough road during the past couple of years -- GM and Chrysler filed for bankruptcy and took government bailouts, and hundreds of dealers closed. But things are looking up for the auto industry, and car dealers are gathering for a convention in San Francisco.
Source: Marketplace

[back to top]

 
Quotable
 
“We’re starting to see some real evidence that things are getting better. And we’re confident that auto manufacturing and retailing will help lead the economic recovery.”

    -- Ed Tonkin, NADA chairman, in remarks at J.D. Power's International Automotive Roundtable in San Francisco Friday, NADA.org, Feb. 5

Video Highlights
 

NADA Charitable Foundation Provides Canine Companion (NADA-TV)


What UNICAP Victory Means to Dealers (NADA-TV)

Sponsored by
                       

NADA Convention
 



 NADA Guide Book


Providing the most reliable
and most comprehensive
used-vehicle values since 1933


PC Purchase Program

 

Don't miss the chance to save up to $590 on select Lenovo X & T series products (use eCoupon code USXFEBSAVINGS2011; offer expires February 28). Learn more about discounts on PCs, printers and servers at NADA's PC Purchase Program site (member log in required).

 
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.