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Thursday, Aug. 11, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Many Buyers Spurn Small Cars Despite High Gas Prices
U.S. Awards $175M for Advanced Technology Projects to Improve Fuel Economy
Analysts Rate Detroit Auto Stocks a Good Value
Honda May Revise Full-Year Forecast
Texas Auto Dealers Association Launches New Program to Help Prepare Future Dealers for Success
Click here for NADA's online newsroom at NADAFrontPage.com. .
Top 5 Stories
Many Buyers Spurn Small Cars Despite High Gas Prices

Old habits die hard when it comes to choosing a new car. A new survey from consultants AutoPacific finds buyers aren't changing their automotive preferences even in the face of higher gas prices than last summer. While small cars promise high fuel economy, only 16% of respondents said they plan to purchase one for their next vehicle. About 25% of drivers surveyed still want an SUV or crossover for their next vehicle. A surprising number, however, say they are sticking to their preferred vehicles and engines even when gas prices spike, according to AutoPacific. And why not? Automakers are finding ways of making those existing vehicles more fuel-efficient -- a process that will be required as federal gas-mileage requirements grip even tighter.
Source: USA Today

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U.S. Awards $175M for Advanced Technology Projects to Improve Fuel Economy

The U.S. Department of Energy [Wednesday] awarded more than $175 million in funding to support projects and research that accelerate the development of advanced vehicle technologies. The funding will support 40 projects across 15 states aimed at improving the fuel efficiency of future cars and trucks. The government-backed projects, chosen out of 400 applicants, will look into a wide range of solutions that include better fuels and lubricants, lighter weight materials, efficient engine technologies and longer-lasting and cheaper electric-vehicle batteries. As a condition of accepting the funding, participating companies must match the amount they receive dollar-for-dollar.
Source: Automotive News

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Analysts Rate Detroit Auto Stocks a Good Value

General Motors' CEO's stock purchase and Wall Street analysts' commentary labeled Detroit automakers as a great value Wednesday, even as worries about another recession continued to drag down share prices. GM's shares fell 6.3% to $23.92 Wednesday. The stock has lost 25% of its value since July. So CEO Dan Akerson bought 10,000 shares Tuesday at $25.05 each, GM disclosed Wednesday in a regulatory filing. Ford's stock slid 4.6% to $10.41. The overall market plunged about 4.5%. Despite the turbulent stock market and uncertain economy, analysts have maintained their predictions that both GM's and Ford's stocks will rise much higher in the coming months: A Bloomberg News average of about a dozen analysts predicts Ford's stock will be worth $20.27 in a year and GM's will trade at $42.42.
Source: Detroit Free Press

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Honda May Revise Full-Year Forecast

Honda, Japan's third-largest carmaker, said it may revise its full-year profit forecast when it announces first-half earnings in October, depending on how long the current market turmoil lasts. A prolonged drop in U.S. equities will lead to a decline in consumption and delayed car purchases, Honda Chief Financial Officer Fumihiko Ike told reporters in Tokyo Tuesday. The company is also concerned the yen may strengthen to the low 70s against the dollar, further hurting earnings from exports, Ike said. U.S. stocks Monday sank the most since December 2008 and European stocks Tuesday retreated for an eighth day, the longest losing streak since 2003.
Source: Detroit Free Press

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Texas Auto Dealers Association Launches New Program to Help Prepare Future Dealers for Success

Association taps NADA University to support initiative

The Texas Automobile Dealers Association has launched a groundbreaking new program to help the next generation of auto dealers succeed when it’s their time to run the business. The program, called Texas Dealer Academy, taps the online resources of NADA University, the education and training arm of the National Automobile Dealers Association (NADA), to provide future dealers in the state with 24/7 access to the industry’s most comprehensive online professional development training programs. It also offers young and upcoming dealership professionals new networking opportunities and active engagement in its grassroots legislative and regulatory activities on issues impacting the industry.
Source: NADA University

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More articles

Aug. 10, 2011 - Confidence Over Autos Stays Firm

Aug. 9, 2011 - Wall Street Turmoil Could Stall Car Industry Recovery

Aug. 8, 2011 - Cars Vs. Trucks: Are Buyers Really Downsizing?

Aug. 5, 2011 - GM Surpasses Toyota as World's Largest Automaker By Sales on Japan Quake

Aug. 4, 2011 - GM Profit Nearly Doubles on Strong Global Sales

 
Quotable
"Looking ahead, we anticipate that light truck values will do well during the upcoming quarter primarily due to the stability in gas prices and very low used supply."

   
-- Jonathan Banks, senior analyst with the NADA Used Car Guide, referring to used-truck values, Auto Remarketing, Aug. 11
Videos

 
Adverse Action
Requirements

(NADA University)

 
NADA Foundation:
A Success Story
 
(AutoFocus)

 More videos

NADA U Webinars
“New Technology, New Data, a New Method of Stocking,” led by Dale Pollak of vAuto, Inc., Aug. 17 at 1 p.m. EDT

“Buy and Sell Smart with Today’s Mobile Tools,” with Chad Goodson of CARFAX, Aug. 24 at 1 p.m. EDT

Convention News
Register Online Now for NADA's Vegas Convention

Registration is now open online for the 2012 NADA and ATD Convention and Expo, Feb. 3-6 in Las Vegas. The 2012 convention will mark the first time the NADA and ATD conventions will be held together. Dealers are urged to register early to take advantage of discounted pricing and reduced hotel rates. Click here to register.

Foundation News
NADA Foundation Program Reaches 500th Ambassador
Marketplace
HP's Small but Mighty PC

Super Savings from Lenovo

 
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