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Top 5 Stories
April Auto Sales Seen Up But Quake Effects Loom
GM Rises on China Sales Toyota Can't Match After Quake
Saab Saved by Investment from China's Hawtai
Honda Warns Dealers of More Model Shortages, Delays Redesigned CR-V
AutoFocus: Gas Prices Continue to Affect Small, Midsize Used Markets
Top 5 Stories
April Auto Sales Seen Up But Quake Effects Loom

U.S. auto sales are expected to show a 16 percent increase for April, as the sales crunch dealt by the Japanese earthquake and tsunami is not expected to show up in new auto purchases until May, automakers and analysts said. Automakers will release their April U.S. sales figures [today]. The average forecast of 40 economists surveyed by Reuters was 13 million vehicles on a seasonally adjusted annualized basis, which would be a 16 percent rise from last year's 11.2 million rate and on par with March. "April looks a lot like March," Ford Motor Co. sales analyst George Pipas said on Monday, adding that Ford expects a sales rate for the month in the range of low- to mid-13 million.
Source: Reuters

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GM Rises on China Sales Toyota Can't Match After Quake

General Motors Co., less than two years after declaring bankruptcy, is poised to reclaim the global auto sales lead from a Toyota Motor Corp. rattled by both natural disasters and reports of slipping quality. After years of losing ground in the U.S. to cars like Toyota’s Camry, GM’s Malibu has won better reviews and a new version is coming. Add it up and GM may retake the sales crown lost in 2008, when the U.S. automaker lost $30.9 billion and sought a federal bailout following Toyota’s most profitable fiscal year. “It’s safe to say that GM is crawling back in the mature markets and growing quickly in emerging markets,” said Jeff Schuster, executive director of forecasting for J.D. Power & Associates, a research firm in Westlake Village, California. “It’s a challenging road ahead for Toyota. They face some real issues in the U.S.”
Source: Bloomberg

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Saab Saved by Investment from China's Hawtai

STOCKHOLM -- A small, privately owned Chinese automaker on Tuesday saved Sweden's Saab Automobile from imminent collapse through an agreement to provide $223 million (euro150 million) in funds for the ailing brand. Saab's owner Spyker Cars said Hawtai Motor Group will take an initial 30 percent stake in Spyker in the deal which also includes joint ventures on manufacturing, technology and distribution. Spyker CEO Victor Muller said he expects the approval from Chinese authorities in 6-12 weeks and does not anticipate any difficulties with the [European Investment Bank] clearance. The agreement means Sweden's two big car makers, both previously owned by U.S. companies, are now in Chinese hands.
Source: The Associated Press

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Honda Warns Dealers of More Model Shortages, Delays Redesigned CR-V

Honda Motor Co. [on Monday] warned dealers of more vehicle shortages and said it would delay the fall launch of its redesigned CR-V crossover. American Honda Motor Co. Executive Vice President John Mendel told dealers in a memo that the automaker would fill March and April orders for Japan-built vehicles with May and June production. After that, the supply of vehicles from Japan will be restricted. "Due to the limited parts supply we will bring in only a very limited number of Japan-built vehicles for the remainder of the year," Mendel said in the memo. Dealers were told to prepare for "severely limited" inventories during summer, with colors and trim levels preselected by the automaker. In addition, Honda will delay the fall launch of the 2012 CR-V by at least one month, according to the memo.
Source: Automotive News

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AutoFocus: Gas Prices Continue to Affect Small, Midsize Used Markets

Rising gas prices continue to steer consumers toward smaller used cars, leaving a noticeable mark on the midsize segment, whose stalwarts like the Honda Accord have seen dramatic price increases over the last month, says Jonathan Banks, executive automotive analyst for the NADA Used Car Guide. "During April the run up in gas has been a lot more dramatic than we expected," Banks says in an interview on "AutoFocus" with David Hyatt, NADA vice president of Public Affairs. "Gas prices since the end of March through April are up 30 cents and are over $4 a gallon in many regions of the United States," Banks adds. In some cases, prices for popular fuel-efficient cars like the Accord may have already hit all-time highs, Banks says. But some vehicles, such as the Toyota Prius, "probably still have room to move up." "The Prius ... is not even close to the high point that it hit in 2008," Banks says.
Source: NADAFrontPage.com

Editor's note: For more analysis from the NADA Used Car Guide, read this month's edition of Guidelines at www.nada.com/b2b.

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For more auto industry news, visit NADAFrontPage.com

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Quotable
"It’s safe to say that GM is crawling back in the mature markets and growing quickly in emerging markets."

    -- Jeff Schuster, executive director of forecasting for J.D. Power & Associates, Bloomberg, May 3

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Banks: Gas Prices Affecting Small, Midsize Used Markets (AutoFocus)

 
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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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