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Tuesday, June 21, 2011 RSSSEND TO A FRIENDPRINT
Top 5 Stories
Chrysler Gets Improved Marks from Consumer Reports
Hybrid Car Sales Stagnate as Buyers Opt for Fuel-Thrifty Compacts
Demand for New Vehicles Remains Strong, Inventory Tight
Survey Says Car Dealership Professionalism Trumps Price
Maybach May Roll Forward as M-B Subbrand
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Top 5 Stories
Chrysler Gets Improved Marks from Consumer Reports

'They still have a long way to go,' director says

Chrysler Group is making strides to improve the handling and performance of its car and light truck lineup, but the gains vary from model to model, based on a new round of tests by Consumer Reports magazine. The magazine said today its recent test of eight 2011 Chrysler-built models revealed advances in performance, interior fit and finish, and handling, but the level of refinement is some vehicles still lags rivals. "It's clear that Chrysler is on the right path, but they still have a long way to go," David Champion, senior director of Consumer Reports' auto test center, said in a statement.
Source: Automotive News

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Hybrid Car Sales Stagnate as Buyers Opt for Fuel-Thrifty Compacts

Despite months of high gas prices, a bevy of new fuel-stingy cars with conventional gas engines may be eating into sales of pricier gas-electric hybrids. Ford dealer Annette Sykora of Smith South Plains in rural Levelland, Texas, says hybrids have seen huge demand, but the new crop of high-mpg sedans like Focus now has caught buyers' eyes. "Our customers are thrilled," she says. A study by consultants AutoPacific found interest in buying a hybrid — or even conventional compacts — didn't soar with the increase in gas prices this year the way it did when prices shot up to a peak past $4 in July 2008.
Source: USA Today

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Demand for New Vehicles Remains Strong, Inventory Tight

NADA Economist: Sales will continue to improve as production recovers in second half of 2011

Strong consumer demand for new vehicles and reduced floorplan costs boosted dealership profits during the first four months of the year, the National Automobile Dealers Association (NADA) said today in its latest report on the financial health of the nation’s franchised new-car dealerships. Dealers recorded a net profit before taxes of 2.5 percent from January through April 2011, a nearly 30 percent increase over the same period last year, according to the NADA Dealership Financial Profile for April 2011.
Source: NADAFrontPage.com

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Survey Says Car Dealership Professionalism Trumps Price

Customer treatment often trumps price at car dealerships, a new study says. Dealership behavior matters a lot in determining if a shopper accepts a particular deal, according to data from CarWoo.com, an automotive marketplace website. Behavioral data also indicate price is not what drives buyers’ opinions expressed in online reviews of their dealership experience. In giving 5-star reviews, highly satisfied buyers ranked dealer professionalism as the most important factor 47% of the time and price only 14%.
Source: WardsAuto.com

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Maybach May Roll Forward as M-B Subbrand

Daimler AG has delayed a decision on the future of Maybach by about a month and now is considering turning the luxury nameplate into a subbrand of Mercedes-Benz. According to three company sources, Daimler is still considering a partnership with British carmaker Aston Martin in which Aston Martin would produce the second-generation Maybach. A third option is to kill the Maybach brand, the sources said.
Source: Automotive News

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More articles

June 20, 2011 - Fuel Prices No Longer Trigger Hybrid Desire, Study Says

June 17, 2011 - Toyota Sees Full Production by Fall

June 16, 2011 - Honda Rolls Out New Incentive Policy

June 15, 2011 - Study: Fuel Rules to Hike Car Costs

June 14, 2011 - Honda Forecasts Profit to Drop 63% After Earthquake Disrupts Production

 
Videos

 
Mercedes Enrolls in
NADA U
(NADA-TV)

 
Dealers 'Scramble'
for Used Cars

(AutoFocus)

 
Relief for Dealership Employees (NADA-TV)

Quotable
"When Chrysler invests the time and money in a true redesign, the result has been a much more competitive model."

    -- David Champion, senior director of Consumer Reports' auto test center, which found Chrysler is making strides in performance, interior fit and finish, and handling, Automotive News, June 21

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

NADA U Webinar: "Service Advisor Training for Enhanced Customer Retention," June 29 at 1 p.m. EDT

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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