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Top 5 Stories
U.S. Auto Makers Get Improved Marks in Supplier Study
Plants Will Hum to Keep (or Grab) Share
New Compact Cars Are Flying Off Dealer Lots, Studies Find
Opinion: Pick a Number, Pay the Price
Toyota to Set Up Social Networking Service
Click here for NADA's online newsroom at NADAFrontPage.com.
Top 5 Stories
U.S. Auto Makers Get Improved Marks in Supplier Study
The Wall Street Journal

DETROIT–The Big Three auto makers are enjoying improved working relationships with their parts suppliers while their Japanese counterparts face more tension, underscoring the ongoing changing fortunes in the global auto industry. Ford Motor Co., General Motors Co. and Chrysler Group LLC all showed year-over-year improvement in their scores in the annual Supplier Workers Relations Study. Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., meanwhile, scored lower as all three companies leaned on parts makers to cut costs amid lower North American profits.

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Plants Will Hum to Keep (or Grab) Share
Automotive News

Toyota, Honda recover faster than expected

Forget summer vacation. Instead, North American assembly plants will be making up lost production -- or, in some cases, building extra vehicles to grab market share from Toyota and Honda. Both J.D. Power and IHS say the industry will not make up lost North American production by year end. Since early this year, IHS cut its 2011 production forecast by 200,000 units, to 12.9 million, and J.D. Power slashed its outlook by 40,000 units, to 12.8 million. "The supply chain is too fragile to make up all the lost production immediately," said forecaster Mike Jackson of IHS.

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New Compact Cars Are Flying Off Dealer Lots, Studies Find
Detroit Free Press

Compact cars are flying out of dealerships compared with this time a year ago as buyers snap up appealing new models and respond to higher fuel prices. Some of the days-to-turn champs right now include the Chevy Cruze, which is selling in just 32 days; Ford Focus, 54 days; Volkswagen Jetta, 40 days, and the Hyundai Elantra, which barely has time to get dusty in its average 12 days at the dealership, according to AutoObserver.com. "The numbers are very telling," AutoObserver analyst and senior editor Bill Visnic said. "The shift to smaller cars is real."

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Opinion: Pick a Number, Pay the Price
Automotive News

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Toyota to Set Up Social Networking Service
The Associated Press

TOKYO – Toyota is setting up a social networking service with the help of a U.S. Internet company and Microsoft so drivers can interact with their cars in ways similar to Twitter and Facebook. Japanese automaker Toyota Motor Corp. and Salesforce.com, based in San Francisco, announced their alliance Monday to launch "Toyota Friend," a private social network for Toyota owners that works similar to tweets on Twitter. If your car is up for an inspection, for example, the owner will be notified through "Toyota Friend," which will in turn automatically link to a dealer to set up an appointment.

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Dealer Executive Education at Babson College August 2011 Class Forming Now
Babson College has the nation's No. 1 ranked MBA program for entrepreneurship, a distinction it has earned for 17 consecutive years.

May Discounts From Lenovo
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HP's Inventory Blowout
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NADAFrontPage.com
Click here for NADA's online newsroom at NADAFrontPage.com.
Quotable
"With vehicles in the pipeline and a continued flow to dealerships, Toyota is in a healthy position as we move toward a full production schedule."

    – Bob Carter, Toyota U.S. sales chief, in a memo to dealers Friday saying Toyota should have more than 300,000 vehicles available this month, or enough to last more than six weeks at current sales rates, Automotive News, May 20

Video Highlights
 
Price of Used Cars Hits 16-Year High (ABC News)

 
GM Sales Chief Discusses Progress, Challenges Ahead (AutoFocus) 

 
2011 NADA-IHS Auto Forum Offers Insiders' View of Present, Future (NADA-TV)


NAD Charitable Foundation Supports Wounded Veterans Initiative (NADA-TV)

Tornado Relief


Upcoming Webinars

Wednesday, May 25, at 1 p.m. (Eastern): “FTC Model Privacy Notice: Review and Update” with NADA attorney Brad Miller

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Thursday, June 16, at 1 pm (Eastern): “Dealership Valuation for Estate and Succession Planning”


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