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

SPONSORED BY
NADA.org
Tuesday, March 15, 2011 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top 5 Stories
Idling Japanese Auto Plants Could Affect North America Production
U.S. Dealers Concerned About Prius Supplies
Dealers Support Passage of Upton Bill to Restore Single Fuel Economy Standard
Dealers Snap Up High-MPG Used Cars
NADA Public Affairs Launches New Interview Program 'AutoFocus with David Hyatt'
For More Auto Industry News, Visit NADAFrontPage.com
Top 5 Stories
Idling Japanese Auto Plants Could Affect North America Production

Japanese automakers idled more plants for at least the next few days as businesses voluntarily limited electricity consumption and supply chains were disrupted in the wake of Friday's earthquake and tsunami. The depth of the post-tsunami damage was still being assessed, and it was too soon to say whether production in North America might be disrupted because of a delay in parts. Toyota is idling all manufacturing plants through Wednesday, effectively taking 40,000 from its planned production. Jeff Schuster, director of global forecasting for J.D. Power and Associates, said he won't change his outlook on production or sales until there is more information on the disaster's physical and economic impact. "Could it impact sales in the U.S.? It could, but it depends on how long production remains down," Schuster said.
Source: Detroit Free Press

[back to top]

U.S. Dealers Concerned About Prius Supplies

DETROIT—U.S. dealers for Toyota Motor Corp. are growing concerned about the tight supply of Prius hybrids and the auto maker's ability to produce the popular cars in the wake of the earthquake and tsunami in Japan last week. Because of a sharp rise in gasoline prices over the past two months in the U.S., Prius sales in the U.S. have been rising, leaving some dealers with low inventories on their lots. After the earthquake, Toyota said it was halting all vehicle production in Japan—where the hybrid is made—until at least Wednesday. "I would say the days' supply is getting short quickly, and sales have gone up quite a bit and the supply was anticipated to go up as well," said Larry Kull, president of Burns-Kull Automotive in Vineland, N.J. and president of Toyota's dealer council.
Source: The Wall Street Journal

[back to top]

Dealers Support Passage of Upton Bill to Restore Single Fuel Economy Standard

NADA has endorsed legislation currently under review by the House Energy and Commerce Committee that will better balance fuel and emissions reductions without needlessly increasing the cost of new cars and trucks.

In a letter to committee chairman Rep. Fred Upton, R-Mich., David Regan, NADA Vice President for Legislative Affairs, urges support for H.R. 910, the Energy Tax Prevention Act because beginning in Model Year 2017 it “would return regulation of motor vehicle fuel economy to a single national standard,” with rules set by Congress under the Corporate Average Fuel Economy (CAFE) program.

“Today, as the result of actions by the judicial and executive branches, there are three different fuel economy programs administered by three different agencies – NHTSA, EPA and the California Air Resources Board – under three different sets of rules, pursuant to three different laws,” Regan states. This so-called “National Program” is often mistakenly referred to as a “single standard” or as being “harmonized and consistent,” but “it is in fact a set of different fuel economy standards,” Regan adds.

Regan reminds lawmakers that duplicative and redundant regulations come with a cost for franchised new-vehicle dealers. “Higher prices mean fewer sales, and fewer sales mean fewer jobs in both automotive retailing and manufacturing,” he says.

Passage of H.R. 910 would not only restore a true single, national fuel economy standard but also ensure that factors such as job loss, consumer choice and highway safety are considered, Regan states. It would also “have an immediate beneficial effect on the entire auto industry, as Congress lifts a superfluous regulatory burden from the industry" which will be to the benefit of consumers and taxpayers.
Source: NADA Legislative Affairs

[back to top]

Dealers Snap Up High-MPG Used Cars

Rising gasoline prices are creating fierce competition among dealers for fuel-efficient used vehicles at auctions, some dealers report. But analysts who monitor used-vehicle prices across the industry say neither prices of large trucks nor forecast residual values are tumbling -- yet. Jonathan Banks, senior director of editorial and data services at NADA Used Car Guide, says his data show that demand and selling prices for hybrids and fuel-efficient vehicles are rising. As a result, he expects the prices in the compact and mid-sized car segments will increase 3 to 4 percent in the April guide. Anticipating that gasoline prices will rise from an average of around $3.50 a gallon late last week to up to $3.70 a gallon in April, Banks expects large pickup and SUV prices to drop 2 to 3 percent in the April guide.
Source: Automotive News

[back to top]

NADA Public Affairs Launches New Interview Program 'AutoFocus with David Hyatt'

NADA has launched a new interview show called “AutoFocus with David Hyatt," NADA vice president of public affairs, speaking with leaders in the automotive industry. In the first episode, Hyatt interviews NADA analysts Paul Taylor and Jonathan Banks on the impact of rising fuel prices’ on auto vehicle sales. In the second show, Hyatt interviews Pam Lum, president of a NADA Dealer Academy class and a dealer from Warrenton, Ore., about her experience in the Academy and lessons learned. The show is recorded in NADA's new studio at the association's headquarters in McLean, Va., and will be featured regularly on three of NADA's media platform, including NADA Headlines (right-hand column), NADAFrontPage.com (NADA-TV section) and NADA.org (home page). To watch “AutoFocus with David Hyatt,” visit the NADA-TV section on NADAFrontPage.com.
Source: NADAFrontPage.com

[back to top]

For More Auto Industry News, Visit NADAFrontPage.com

[back to top]

 
Quotable
 
“Right now, it’s production as usual. But it takes about a week for the parts flow to reach us from Japan. So it will be next week before we see any effect.”

    -- Tom Easterday, executive vice president of Subaru of Indiana Automotive Inc., whose parent company, Fuji Heavy Industries Ltd., said Monday that about 30 of its suppliers had sustained damage from the 8.9-magnitude earthquake and tsunami in northern Japan, Automotive News, March 14

Video Highlights
 

Dealer Academy's Pam Lum on First-Day Nerves, Unique Classmates (AutoFocus)


David Hyatt Discusses Impact of Fuel Prices with NADA Analysts (AutoFocus)


NADA's McConnell Calls for Single, National Fuel Economy Standard (NADA-TV)


Ciccolo: Life's Good Fortune Instills 'Driving Desire to Give Back' (NADA-TV)

Sponsored by
                       

NADA University 
 

  


NADA Used Car Guide

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



 

 

NADA University Offers New Driven Management Guide

To download your free copy of A Dealer Guide to Business Succession Planning, visit the Resource Toolbox and look under Dealer/Executive.

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 hosted by the New York International Auto Show.

Your PC - Your Way from HP

Use eCoupon HPyNY11 at checkout to get 15 percent off the 6000, 6000 All-in-One, 6005 or Elite 8000 series.

Save on Lenovo ThinkPads

Save an additional 10 percent on all ThinkPads over $999 with eCoupon USXMARCHSAVINGS2011 at checkout during the month of March.

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.