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Tuesday, June 14, 2011 RSSSEND TO A FRIENDPRINT
Top 5 Stories
Honda Forecasts Profit to Drop 63% After Earthquake Disrupts Production
Ford Plans Hybrid-Only Models; Dealers Face Decision on Sales
More Than 200 Cadillac Dealers to Invest in Newer Facilities
Fed Adjusts Regulatory Thresholds on Credit Products with Inflation
Nissan Plans to Help Earthquake-Struck Leaf Owners Use Cars to Power Homes
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Top 5 Stories
Honda Forecasts Profit to Drop 63% After Earthquake Disrupts Production

Honda Motor Co., Japan’s third-largest carmaker, forecast a bigger-than-estimated 63 percent decline in full-year profit, citing production disruptions on parts shortages and the strong yen. The maker of Civic compact cars and Accord sedans sold 23 percent fewer vehicles in the U.S. last month compared with a year earlier, while industrywide deliveries in the world’s second-largest auto market declined 3.7 percent. “It may be difficult for Honda to fully recover and catch up during this fiscal year,” said Issei Takahashi, an analyst in Tokyo at Credit Suisse Group AG.
Source: Bloomberg

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Ford Plans Hybrid-Only Models; Dealers Face Decision on Sales

Ford, like Toyota, aims to create a family of hybrid-only vehicles. But Ford and its dealers have to decide who will sell them. The two vehicles -- the C-Max hybrid five-seat hatchback and the C-Max Energi plug-in hybrid -- will join the Transit Connect Electric commercial van, Focus electric and an unidentified fifth vehicle that will arrive in 2012. While all Ford brand dealers are expected to sell the C-Max hatchback hybrid, dealers can choose not to sell the C-Max Energi. They will have to decide by the end of this summer whether to commit to investing in service-department training and meeting other requirements to get the Energi.
Source: Automotive News

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More Than 200 Cadillac Dealers to Invest in Newer Facilities

Not long after reintroducing the certified program, Cadillac dealers are now turning some of their focus to the look of their storefronts. The makeovers are a part of Cadillac’s “Defining Moments” customer service initiative, which is designed to bring a more modern layout and design to dealerships. Mike Mosser, the general manager of the Suburban Cadillac of Ann Arbor store that received the first makeover, said the revamped look allows his Michigan store to stand out from peers. "If you want to compete in the luxury market, you have to create the right environment for customers," Mosser suggested.
Source: Auto Remarketing

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Fed Adjusts Regulatory Thresholds on Credit Products with Inflation

The Federal Reserve said Monday it would adjust upward thresholds related to consumer protection of some credit products to keep pace with inflation. As mandated by the Dodd-Frank regulatory overhaul, the Fed is raising the level for consumer credit and lease transactions that can be exempted by protections under the truth-in-lending and consumer-leasing regulations. Next year, those protections will cover consumer credit transactions and leases of $51,800 or less, up from the current limit of $50,000.
Source: Dow Jones Newswires

Editor's note: See NADA's Regulatory Affairs website for more information on these changes.

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Nissan Plans to Help Earthquake-Struck Leaf Owners Use Cars to Power Homes

Nissan is working to enable owners of its Leaf to use the electric car’s battery to power their homes during outages, as the Japanese company seeks to restore full production after an earthquake rocked its home country in March. The car’s battery stores 24 kilowatt hours, enough power to run a U.S. house for about one day, Hideaki Watanabe, Nissan’s global head of zero-emission vehicles, told reporters [Monday]. “Some people are saying that instead of installing a generator, they would just buy a Leaf,” Watanabe said.
Source: Detroit Free Press

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More articles

June 13, 2011 - Ally Partners with TIME on Prestigious Dealer of the Year Honor

June 10, 2011 - GM Expands Chevrolet Volt Orders to All 50 States, Lowers Price

June 9, 2011 - SUVs Safer Than Ever, But Small Cars Still Perilous

June 8, 2011 - Akerson: GM Strong After 'Rebirth' in Bankruptcy, But Challenges Remain

June 7, 2011 - GM's Akerson Pushing for Higher Gas Taxes

 
Videos

Video: Disaster Relief for Dealership Employees (NADA-TV)

 Mercedes Enrolls in NADA U (NADA-TV)

 Video: Dealers Eye Consumers in 'Scramble' for Used Cars (AutoFocus)

Quotable
"Some people are saying that instead of installing a generator, they would just buy a Leaf."

    -- Hideaki Watanabe, Nissan’s global head of zero-emission vehicles, who says the Japanese company is working to enable owners of its Leaf to use the electric car’s battery to power their homes during outages, Detroit Free Press, June 14

Marketplace
Webinar: “Dealership Valuation for Estate and Succession Planning,” June 16 at 1 p.m. EDT

Free Webinar: “Boost Your Revenue in Today's Transparent Used Car Market,” June 21 at 12 p.m. EDT 

Dealer Executive Education at Babson College August 2011 Class Forming Now

HP's Built-in Connectivity at Your Fingertips

Lenovo's June Savings

Foundation News
Boston Dealer Creates 'Family Ambassadors of Distinction'

NADA Foundation Program Reaches 500th Ambassador

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