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Tuesday, June 28, 2011 RSSSEND TO A FRIENDPRINT
Top 5 Stories
GM Calls Fuel Regime 'Tough'
Fuel Rule Talks on Fast Track
Video: Dealers in a Good Position to Sell as Inventory Increases
Bank Pays $27 Million to Settle Allegations of 'Deceptive' Sales of Credit Insurance on Car Loans
Iowa's Husband-Wife Sales Team
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Top 5 Stories
GM Calls Fuel Regime 'Tough'

The Obama administration's proposed fuel-economy requirement of 56.2 miles a gallon by 2025 will be "tough" to meet, although the auto maker will meet whatever standard is imposed on the industry, a top executive at General Motors Co. said on Monday. "These are tough goals; we have to evaluate this," said GM North American President Mark Reuss. Asked if GM can meet the standard, Mr. Reuss said, "It's how you get there with cars and trucks [that] consumers want to buy." Mr. Reuss said GM is in the process of collecting data to determine the costs, benefits and potential drawbacks of meeting the goal.
Source: The Wall Street Journal

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Fuel Rule Talks on Fast Track

Proposal calls for 56.2 mpg fleet average for '25 models

Talks between automakers and the White House over fuel efficiency standards for 2017-25 are on a fast track, as regulators hope to submit a proposal to the Office of Management Budget by the end of July, officials familiar with the plans said Monday. In meetings with U.S. automakers last week, the White House proposed requiring a fleetwide average of 56.2 mpg for cars and light trucks by the 2025 model year — an average yearly increase of 5 percent during the 2017-25 period. On Monday, the National Automobile Dealers Association raised concerns about the proposal. "To reach a 56 miles-per-gallon standard would mean a tremendous shift in the types of vehicles consumers buy," said NADA spokesman Bailey Wood. "Overly ambitious standards set 14 years in the future risk severe economic harm if consumer wants and needs are not met," Wood said.
Source: The Detroit News

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Video: Dealers in a Good Position to Sell as Inventory Increases

New-car inventories will get a boost in July as manufacturers increase production, which puts dealers in a good position to “sell and sell strongly,” says NADA Chief Economist Paul Taylor. “It’s going to be a very strong recovery when the inventory starts coming in from the Asian, European and North American manufacturers,” Taylor says in the TV interview program “AutoFocus” with David Hyatt, NADA vice president of Public Affairs. Falling gas prices are building consumers' confidence in the economy and putting more money in their pockets to invest in new vehicles, Taylor says. And though the industry is currently running below Taylor’s 12.9 million sales projection for 2011, he remains optimistic the industry will reach that number as sales improve in the second half of the year. For more analysis of the U.S. car and truck industry, read NADA DATA 2011 at www.nada.org/nadadata.
Source: NADA-TV

Related article

  NADA Issues State of the Auto Industry Report (NADA Newsroom)

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Bank Pays $27 Million to Settle Allegations of 'Deceptive' Sales of Credit Insurance on Car Loans

JPMorgan Chase & Co. has agreed to pay a $2 million fine to Office of the Comptroller of the Currency (OCC) and $25 million to reimburse customers after using “high pressure” tactics to sell credit insurance on car loans. “Chase Auto used written scripts together with oral high-pressure sales tactics that included statements which were materially false, deceptive or otherwise misleading in violation of the Federal Trade Commission Act,” the OCC said in a statement.
Source: U.S. Department of the Treasury

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Iowa's Husband-Wife Sales Team

Sharing a job helps couple balance work, family life

Mike and Denise Kulla met about 20 years ago at a sports bar across the street from Chicago's O'Hare airport. Fast forward to 2011. Now the Kullas live in Iowa, and both are selling cars. They work for Dewey Dodge-Chrysler-Jeep near Des Moines, where they're known as the Kulla team. The Kullas are pioneering a job-sharing arrangement that lets them spend more time with each other and with their children. ... Paul Taylor, chief economist [for the National Automobile Dealers Association], sees the Kulla team as an example of the innovations dealers are using to "make customers happy and salespersons happy."
Source: Automotive News

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More articles

June 27, 2011 - Obama Targets $72 Billion Business Tax Break

June 24, 2011 - Vehicle Quality Trips Over Efforts to Add Fuel Economy, Multi-Media

June 23, 2011 - NADA Disagrees with Recommendations by Former EPA Administrators on Fuel Economy

June 22, 2011 - Ford Exec Says June Auto Sales Could Top May Levels

June 21, 2011 - Chrysler Gets Improved Marks from Consumer Reports

 
Videos

 
Dealers in Good
Position to Sell

(AutoFocus)

 
NADA Foundation:
A Success Story
 
(AutoFocus)

 
Mercedes Enrolls in
NADA U
(NADA-TV)

Quotable
"These are tough goals; we have to evaluate this."

     -- Mark Reuss, GM North American president, responding to the Obama administration's proposed fuel-economy requirement of 56.2 miles a gallon by 2025, The Wall Street Journal, June 27

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

NADA U Webinar: "New Credit Score Disclosures for Adverse Action and Risk-Based Pricing Notices," Wednesday, July 6, 1-3 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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