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

SPONSORED BY
NADA.org
Tuesday, Feb. 22, 2011 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top 5 Stories
Car Dealers Cautiously Rev Up Engines
Dealers' Plea: You Send It, We'll Sell It
Price War -- Or Just a Skirmish?
House Votes to Block E15 From Gas Pumps
Where Are the Chinese Cars?
Top 5 Stories
Car Dealers Cautiously Rev Up Engines

After recession's blow, rising sales encourage thoughts of hiring

First came high gas prices and the housing bust. Then came the credit crunch, soaring unemployment, auto industry bankruptcies and massive Toyota recalls. After a steady stream of bad news for new car dealers, it seems like things are finally looking up — at least for those who have managed to stay afloat through the downturn. As sales increase, dealers are facing the same conundrum as countless other companies trying to negotiate the economic recovery: Hire employees too quickly, and you risk hurting your bottom line. Hire too slowly and you might not have enough staff to keep up with your growing business. “There are some expenses you can’t avoid if you don’t want to be caught flat-footed if the industry comes back dramatically,” said Paul Taylor, an economist with the National Automobile Dealers Association.
Source: MSNBC.com

[back to top]

Dealers' Plea: You Send It, We'll Sell It

SAN FRANCISCO -- "We want cars, and we want them now." That was the unofficial theme of this year's National Automobile Dealers Association convention. Dealers are delighted by demand but frustrated by their inability to get the vehicles they want. When dealers held huge inventories, it mattered less if some of the cars were the wrong trim levels. But with far fewer vehicles on the lot, it's critical that the ordering and distribution systems get the right vehicles to the right markets. That's not happening. "It's a matter of not getting enough of the right cars," said Bob Edwards, a multibrand dealer in Council Bluffs, Iowa. "Who knows how many Hyundais I could sell if I could get the right inventory? Who knows how many diesel trucks I could sell if I could get the right inventory?"
Source: Automotive News

[back to top]

Price War -- Or Just a Skirmish?

All that hard-won pricing and production discipline the industry has acquired in the past year -- is it about to go out the window now that incentives are ratcheting up? Well, the industry is on high alert. Last month, General Motors increased incentives. Toyota, Honda, Nissan and Hyundai followed this month. The danger: a return to the days when automakers overbuilt and then had to bribe customers to buy. "You've got these powerful global companies and brands who are feeling their oats and have discovered they've survived the downturn," said Group 1 Automotive CEO Earl Hesterberg. "It's an aggressive contact sport, and they're going out there to attack the market."
Source: Automotive News 

[back to top]

House Votes to Block E15 From Gas Pumps

WASHINGTON— The U.S. House voted overwhelmingly to bar the Environmental Protection Agency from moving ahead with allowing a higher blend of ethanol in the nation's gas tanks. Just before 2 a.m. (Saturday), the House voted 286-135 to block the EPA from spending any money to carry out a waiver to allow E15 to be sold at the nation's fueling stations. Currently, most gas stations sell E10 — which is 10 percent ethanol. Rep. John Sullivan, R-Oklahoma, introduced an amendment to the bill to fund government operations through Sept. 30, to block EPA from moving ahead. All major automakers, including Detroit's Big Three, filed suit in December in the U.S. Court of Appeals in Washington to block a federal plan to allow fuel stations to start selling E15. Allowing E15 use in a small subset of engines on the road, opponents argue, places consumers at high risk of unknowingly or mistakenly putting E15 in products for which it has not been approved.
Source: The Detroit News

Editor's note: NADA supported Rep. Sullivan's amendment and worked with a coalition of business and environmental groups to push for its passage. NADA previously sent comments to the EPA outlining its concerns with the proposed E15 rule.

[back to top]

Where Are the Chinese Cars?

Chinese goods, from textiles to tools to toys, have been flooding into America for years. But despite their repeated promises, Chinese automakers haven’t begun to make a dent in the car market in the United States. The false starts are a result of Chinese automakers’ letting their ambitions get ahead of the hard work of cracking the ultracompetitive American market, analysts say. “This isn’t computers or cellphones, where you just get into a big-box store,” said Bill Visnic, a senior analyst at Edmunds.com. “You need some dealerships, and those things are tremendous investments of time and resources. They thought it was going to be a lot easier than it was.”
Source: The New York Times

[back to top]

 
Quotable
 
"It's a matter of not getting enough of the right cars. Who knows how many Hyundais I could sell if I could get the right inventory?"

    -- Bob Edwards, a multibrand dealer in Council Bluffs, Iowa, on the frustration many dealers are feeling because they're not able to get the vehicles they want, Automotive News, Feb. 21

Video Highlights
 
 
Video Profile of NADA's New Chairman Stephen Wade (NADA-TV)


Wade Outlines Industry Challenges (NADA-TV)


Florida Dealer Castriota Wins TIME Dealer of the Year
(NADA-TV)

Sponsored by
                       

NADA University
 


 NADA Guide Book

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

GM's Dan Akerson to Keynote NADA/IHS Automotive Forum 2011
Register today for the second annual NADA/IHS Automotive Forum in New York City on April 19, 2011 hosted by the New York International Auto Show.

Lenovo Offers Savings Up to $590
Lenovo units are built to deliver top-notch performance with plenty of features to keep you on the cutting-edge.

HP's Smart Buy - the Compaq 6000 Pro All-in-One Business PC
The HP Compaq 6000 Pro All-in-One Business PC (VS833UT) starts at only $839.

NADA University Offers Six Online Courses Free to NADA and ATD Members
Free with NADA University enrollment, NADA and ATD members receive essential online training for managers and employees.

Webinar: Understanding the New UNICAP Safe Harbor Methods
This Webinar explains in detail new UNICAP safe harbor methods for dealers authorized by the IRS last year.

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.