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Wednesday, May 25, 2011 RSSSEND TO A FRIENDPRINT
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Top 5 Stories
New M.P.G. Stickers Include Greenhouse Gas Data
Chrysler Pays Back Bailout Loans, Looks Ahead
Fiat Plots Controlling Chrysler Stake
U.S. to Buy 101 Volts, 10 Leafs and 5 Think City EVs
NHTSA Administratorís 'Touchstone' Vehicle
Click here for NADA's online newsroom at NADAFrontPage.com.
Top 5 Stories
New M.P.G. Stickers Include Greenhouse Gas Data
The New York Times

WASHINGTON — The federal government unveiled new fuel economy window stickers on Wednesday for vehicles starting with the 2013 model year that for the first time include estimated annual fuel costs and the car or truck’s overall environmental impact. The Environmental Protection Agency and the Department of Transportation, which are jointly responsible for the window sticker program, rejected a radically different design that would have prominently displayed a letter grade from A to F comparing a given vehicle’s fuel economy and air pollution against the entire fleet of new cars. The National Automobile Dealers Association welcomed the new design and said it was relieved that the federal government had rejected the letter grade label. “For decades, car and truck buyers have relied on miles per gallon — or m.p.g. — to compare the fuel economy of different vehicles,” the association said in a statement. “NADA applauds the Obama administration’s decision to drop the ill-advised ‘letter grade’ in favor of one that prominently displays a vehicle’s m.p.g. By doing so, car shoppers can make informed comparisons on dealers’ lots, allowing them to take advantage of new technologies, which will ultimately put more fuel efficient vehicles on the road.”

Editor's note: In response to the Obama administration’s announcement regarding updated window stickers on new cars and trucks starting in MY 2013, NADA issued the following statement: “For decades, car and truck buyers have relied on miles per gallon – or MPG – to compare the fuel economy of different vehicles. With gasoline spiking to over $4 a gallon and alternative fuel vehicles hitting dealer showrooms, rolling out a totally unfamiliar ‘letter grade’ label would have only served to confuse and frustrate consumers. NADA applauds the Obama administration’s decision to drop the ill-advised ‘letter grade’ in favor of one that prominently displays a vehicle’s MPG. By doing so, car shoppers can make informed comparisons on dealers’ lots, allowing them to take advantage of new technologies, which will ultimately put more fuel efficient vehicles on the road. In addition to NHTSA and EPA, NADA commends Reps. Steve LaTourette, R-Ohio, and Dale Kildee, D-Mich., for recognizing that consumers need straightforward fuel economy ratings to make an informed purchase.”

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Chrysler Pays Back Bailout Loans, Looks Ahead
The Detroit News

CEO says payoff removes 'taint' of federal involvement

Now that its government loans are repaid, Chrysler Group LLC hopes consumers will measure it — and make it solidly profitable — by buying its cars and trucks. As expected Tuesday, Auburn Hills-based Chrysler repaid $7.6 billion in outstanding loans, interest and fees. Dealers expect to benefit. "For a while during bankruptcy, I think Chrysler and GM were being overlooked," said David Shepherd, owner of Shepherd Auto Team Plaza in Fort Scott, Kan. "Who wants to buy a vehicle from a company that has gone broke?" said Shepherd, who sells GM, Chrysler, Toyota and Ford products.

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Fiat Plots Controlling Chrysler Stake
The Wall Street Journal

Italian auto maker Fiat SpA is mulling a plan to quickly take a majority stake in Chrysler Group LLC by purchasing shares from the U.S. Treasury and a United Auto Workers health trust fund, people familiar with the matter said. A purchase could come within the next few months, these people said, moving up the timetable for majority control. Fiat already owns a 46% stake and has been expected to gain an additional 5% when the Detroit auto maker late this year begins production of a car that gets 40 miles on a gallon of gasoline.

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U.S. to Buy 101 Volts, 10 Leafs and 5 Think City EVs
Automotive News

WASHINGTON -- The Obama administration is buying the first 116 plug-in electric vehicles for the federal fleet -- 101 Chevrolet Volts, 10 Nissan Leafs and five Think City EVs, the U.S. General Services Administration said [Tuesday]. The 116 vehicles will be leased to 20 agencies, including the Energy Department, the Treasury Department and the Navy, in five cities, GSA said in a statement. Starting in 2015, all vehicles purchased by the federal government are to have alternative fuels. These will include hybrid and electric vehicles, and those fueled by compressed natural gas or biofuel.

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NHTSA Administratorís 'Touchstone' Vehicle
The Wall Street Journal

The nation’s top auto safety regulator says he has one car against which he measures all others: His mother’s 1977 Lincoln Continental Mark V. This car had the latest technology for its day, including an 8-track tape deck and seat belts, National Highway Traffic Safety Administration Administrator David Strickland recalled during a presentation at a conference sponsored in Washington, D.C. by the auto information and shopping site Edmunds.com. “Did I put on a seatbelt in 1977? No,” Mr. Strickland says. “I wasn’t even sitting in a seat.”

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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
NADA members can use eCoupon USXMAYSAVINGS2011 at checkout to get an additional 8% off IdeaPad Y Series and an additional 10% off IdeaCentre All in One Desktops.

HP's Built-in Connectivity at Your Fingertips
Stay connected on the go with HP computing solutions equipped with access to mobile broadband.

 
NADAFrontPage.com
Click here for NADA's online newsroom at NADAFrontPage.com.
Quotable
"These labels will provide consumers with up front information about a vehicle’s fuel costs and savings so that they can make informed decisions when purchasing a new car."

     -- U.S. Transportation Secretary Ray LaHood, on new fuel economy labels unveiled today at the Department of Transportation, The New York Times, May 25

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)


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

Wednesday, June 1, at 1 pm (Eastern): “Service Advisor Training” with Lee Harkins, president and CEO of M5™ Management Services, Inc.

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


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