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Top Stories
Chrysler Turns First Profit Since Bankruptcy
AutoFocus: GM's U.S. Sales Chief Discusses Steady Progress and Challenges Ahead
South Regroups After Killer Storms
Auto Sales Hit Rough Patch in Late April
Stars Are Aligning for Detroit 3 Surge
Top Stories
Chrysler Turns First Profit Since Bankruptcy

DETROIT -- Chrysler has turned its first profit since leaving bankruptcy two years ago. The company reported first-quarter net income of $116 million and revenues of $13.1 billion on Monday. "Chrysler Group's improved sales and financial performance in the first quarter show that our rejuvenated product lineup is gaining momentum in the marketplace and resonating with customers," Chrysler CEO Sergio Marchionne said in a statement. Chrysler's new vehicles caught buyers' eyes in the latest quarter. U.S. sales of the revamped Jeep Grand Cherokee SUV jumped 64 percent, while sales of the Chrysler 200 sedan more than quadrupled over those of its predecessor, the Sebring. Chrysler said buyers were willing to pay more for its cars and trucks.
Source: The Associated Press

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AutoFocus: GM's U.S. Sales Chief Discusses Steady Progress and Challenges Ahead

General Motors' vice president of U.S. Sales Operations, Don Johnson, says the company's "new attitude" is helping executives make better decisions and pay more attention to what its dealer network needs to be successful. "People are listening to everybody's ideas so we're getting good diversity of thought, which I think leads to better strategic choices and better execution," Johnson says in an interview on "AutoFocus" with David Hyatt, NADA's vice president of Public Affairs. Johnson, who was appointed top U.S. sales executive in June, is responsible for GM's dealer network, retail sales support and fleet and commercial operations. His interview on AutoFocus followed a recent visit to NADA's headquarters in McLean, Va., in which he says he "learned a lot more about the value that NADA can bring to the dealer body." Before taking on leadership roles with GM in the U.S. and Canada, Johnson spent several years working in developing markets overseas. He also discusses prospects for further growth in China and the impact of Japan's earthquake on GM's supply chain.
Source: NADAFrontPage.com

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South Regroups After Killer Storms

Tornadoes last week caused hundreds of deaths, destroyed communities and snarled operations at automotive businesses across several Southern states. On Friday, April 29, industry sources in Alabama said companies still were coping with widespread power outages and humanitarian concerns. "I haven't been able to get through to any of our dealers north of Birmingham," said Tom Dart, president of the 300-member Alabama Automobile Dealers Association in Montgomery. Dart said his Alabama dealer group has set up an emergency relief fund through the National Automobile Dealers Association to aid dealership employees who were affected.
Source: Automotive News

Editor's note: The NADA Foundation is currently seeking donations to its Emergency Relief Fund to help dealership employees devastated by the tornadoes in the South. To make a donation to this fund, click here download a contribution form. To contact the foundation, call (703) 821-7233 or e-mail foundation@nada.org.

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Auto Sales Hit Rough Patch in Late April

Japan disaster, bad weather, high gas prices may stall momentum

Analysts worry that first-quarter momentum in U.S. car and light truck sales is tapering off — a sign the industry's recovery could be a rougher ride than they'd anticipated. April started strong, but took a dive as gas prices spiked, storms ravaged the Midwest and South, and parts supply shortages in earthquake-stricken Japan squeezed new car and truck inventories, analysts say. Discounts dwindled as dealers ran short of some models last month, forcing buyers to shell out more for new vehicles. "The industry is facing its first real challenge since the recession, as potential widespread parts shortages have a profound impact on the pace of the recovery," said John Humphrey, a senior vice president at data-tracking firm J.D. Power and Associates of Westlake Village, Calif. J.D. Power predicted U.S. new car sales will total 1.2 million for April, up 13 percent from the same month in 2010, but down 7 percent from the previous month. Official sales figures for April, typically a strong selling month, will be announced Tuesday.
Source: The Detroit News

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Stars Are Aligning for Detroit 3 Surge

Just two years removed from their near-death experience, U.S. automakers have a glistening opportunity to take back some of the market share they have hemorrhaged over the past two decades. A dearth of colors or trim packages on Japanese brands could be just enough to nudge lifelong import customers -- or first-time buyers -- into Detroit 3 dealerships. They might be surprised with the rejuvenated product lineups they find. General Motors and Ford Motor Co. in particular are launching fuel-sipping cars just in time for $4-a-gallon gasoline. Having pared brands, both have greater focus and marketing muscle to put behind new vehicles such as the Ford Focus compact and the Chevrolet Sonic small car. "All these different factors add up to a positive perfect storm for the domestics, and a negative one for the Japanese," said Dave Cole, chairman emeritus of the Center for Automotive Research in Ann Arbor, Mich.
Source: Automotive News

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For more auto industry news, visit NADAFrontPage.com

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Quotable
"People are listening to everybody's ideas so we're getting good diversity of thought, which I think leads to better strategic choices and better execution."

    --  Don Johnson, GM's vice president of U.S. Sales Operations, on the company's "new attitude," which he says is helping GM and its dealers succeed, NADAFrontPage.com, May 2

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GM Sales Chief Discusses Progress, Challenges Ahead (AutoFocus) 

 


NADA Foundation Supports Wounded Veterans Initiative (NADA-TV)

NADA Japan Relief


NADA University

 

Wednesday, May 11, at 1 p.m. (Eastern): “Rein in Out-of-Control Technology Costs,” with Paul R. MacDonald, president of TriMac Automotive Advisory Group

Wednesday, May 18, at 1 p.m. (Eastern): “One-Price Selling: In Sync with Today’s Auto Purchasers,” presented by Mark Rikess, CEO of The Rikess Group


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Alert: Bogus Survey Misrepresents NADA

Dealers have reported receiving emails with “NADA Preferred Mail Company Info” in the Subject line. The email refers to an NADA survey of direct mail companies. NADA has not undertaken such a survey, nor authorized any other party to perform a survey on behalf of NADA. The company involved has agreed to stop any references to the bogus survey. Information about the phony survey originated in emails from www.nadadealerservices.com, a website that is also bogus and has no connection to NADA.
Source: NADA Legal Affairs

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