View Mobile Version | View Web Version

SPONSORED BY
NADA.org
Friday, April 22, 2011 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top 5 Stories
Toyota Sees at Least 6 Months Before Normal Production
Subaru Steers to Bigger Niche
GM CEO Dan Akerson: Government Weighing When to Sell Its Remaining Shares
40 of 130 Fiat Dealers Are Able to Sell Cars, Exec Says
Shanghai, NYC Car Shows Are at an Intersection
Top 5 Stories
Toyota Sees at Least 6 Months Before Normal Production

Recovery will be fragile, Toyoda says

TOKYO -– Toyota Motor Corp., hit hard by last month's Japanese earthquake, says it will take at least until November for production to return to normal – overseas and at home – but that factory suspensions have bottomed out and output will start rebounding this summer. The announcement makes the world's biggest automaker the first to publicly forecast a return to pre-quake levels and offers a peek at how long it may take other Japan carmakers to recover. Toyota President Akio Toyoda ... outlined the timeframe – despite its being long-range and vague – to help dealers with planning. Until now, they have been hamstrung in pitching their products and handling customers because of looming uncertainty about inventories. "By telling dealers the timing of the recovery, they can have a better conversation with their customers," Toyoda said at a news conference. "Dealers right now cannot talk to their customers about delivery timing. They can't talk about specifics. Sales people are having a difficult time." Spokesman Masami Doi said actions to support U.S. dealers would be handled through its local sales arm, Toyota Motor Sales U.S.A. "The best thing we can do for those dealers is supply cars as quickly as possible," Toyoda said.
Source: Automotive News

[back to top]

Subaru Steers to Bigger Niche

Auto maker pursues southern market sales with roomier, fuel-efficient cars

For the last few years, one of the smallest but fastest growing auto brands in the U.S. has been Subaru, the Japanese maker of all-wheel drive cars that have sold well in Vermont and a handful of other snowy states. Now, Subaru is taking aim at the sunny South, where few shoppers see a need for all-wheel drive traction, in a bid to break out of its niche market. A new marketing campaign touts its vehicles improved mileage and emphasizes the safety of their all-wheel drive. Subaru's best bet of shedding its wintery-weather reputation is a redesigned version of its Impreza sedan, being introduced to U.S. auto buyers this week at the New York International Auto Show. The 2012 model, which goes on sale this summer is much sleeker than the older version and is rated at 37 highway miles a gallon of gas, up from last year's 27 mpg. "The biggest issue we had was them advertising snow and all-wheel-drive in Houston. That really didn't help us," said Wally Elostaz, general manager of Gillman Subaru Southwest, a Houston dealership.
Source: The Wall Street Journal

[back to top]

GM CEO Dan Akerson: Government Weighing When to Sell Its Remaining Shares

NEW YORK -- General Motors Chairman and CEO Dan Akerson said (Tuesday) the U.S. government is weighing a number of factors as it considers when to sell its remaining GM shares. “I think there are many, many variables in their consideration and they don’t share that with us,” Akerson said in New York (Tuesday) at a conference sponsored by IHS Automotive and the National Automobile Dealers Association. GM’s stock has been hurt by rising gas prices, industry production disruptions caused by the earthquake in Japan and management turnover. Despite the successful IPO, the U.S. Government still owns about 26% of GM, and the Wall Street Journal reported (Tuesday) that government officials are considering a sale of additional GM shares this summer. Akerson said GM is not playing a role in the government’s decision-making process. “They will tell us when they are getting out,” he said. “I will not tell them.”
Source: Detroit Free Press

[back to top]

40 of 130 Fiat Dealers Are Able to Sell Cars, Exec Says

NEW YORK -- Forty of the 130 Fiat dealers that will eventually sell the new Fiat 500 are now able to sell cars, Laura Soave, head of Fiat in North America, said Thursday. Fiat, which started selling the 500 microcar in March, is behind schedule on opening its dealerships but wanted to make sure each franchise owner had an appropriate showroom before opening, Soave said. "I would love them to be open at all of the same time," Soave said. "But the first impressions are unbelievably important to us so we want to make sure that we get them correct." Fiat sold 500 of its Fiat 500s in March and will see that number increase in April, said Soave, who was in New York on Thursday to unveil the Fiat 500 Cabrio at the New York International Auto Show. "The longest any car has sat on the lot is 19 days, which is one of the fastest turning times," Soave said.
Source: Detroit Free Press

[back to top]

Shanghai, NYC Car Shows Are at an Intersection
By Paul A. Eisenstein

Unusual dueling dates show the rising prominence of Chinese market for automakers

More than a million potential car buyers are expected to stream through the turnstiles at Manhattan’s cavernous Jacob Javits Convention Center in the coming days as the 2011 New York International Auto Show gets underway. The site of the first U.S. auto show and still the largest from an attendance standpoint, the New York auto show will be closely-watched by industry observers this year. Analysts have long recognized a link between auto show attendance and car sales, which are just beginning to revive after one of the worst recessions in American automotive history. But industry leaders are also keeping a close eye on an event happening halfway around the world. Shanghai, China, is holding its own show this week. Although it’s significantly newer than the long-running Big Apple event, the Chinese show could add even more momentum in a car market that didn’t seem to even notice the global automotive downturn of 2008-2009.
Source: msnbc.com

[back to top]

For more auto industry news, visit NADAFrontPage.com

SAVE on HP's ProBook 4520s Notebook PC
Enjoy tremendous savings of 46 percent on the ProBook 4520s Notebook PC.

Save with Lenovo in April
Save an additional 5 percent on the durable ThinkPad X series and ThinkPad Edge with eCoupon USXAPRILSAVINGS2011 at checkout.

 
Quotable
"By telling dealers the timing of the recovery, they can have a better conversation with their customers. Dealers right now cannot talk to their customers about delivery timing. They can't talk about specifics. Sales people are having a difficult time."

    
-- Toyota President Akio Toyoda outlining the company's timeframe to return to normal production after last month's earthquake in Japan, so that dealers have a better idea when to expect inventory, Automotive News, April 22
Featured Videos

Dogs Help Wounded Vets Recover (WJLA, Arlington, Va.)

 
NADA Analyst Jonathan Banks Discusses Japan's Effect on Used-Car Market (AutoFocus)

 
NADA Chairman Stephen Wade on Personal Side of Japan Disaster (AutoFocus)


On the Job Hunt: Dealerships Are Hiring (Fox News)

Sponsored by
                       

NADA Japan Relief


NADA University

Advanced Parts and DMS Management
Presented by Chris Bavis
May 2–6, 2011
 
Advanced Variable Operations
Presented by Les Abrams and Bill Adkins
May 23–27, 2011

  


NADA Used Car Guide

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



 

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.