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Tuesday, Aug. 23, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Ford, Toyota to Work Together on Hybrid Trucks
Auto Loan Delinquencies Fall Again in 2nd Quarter
Toyota's Future Rides on the New Camry
Audi Defies Market Slump With 57% Boost in A8 Production
NADA Used Car Guide Rolls Out VIN Scanner App
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Top 5 Stories
Ford, Toyota to Work Together on Hybrid Trucks

A chance meeting in an airport lobby between the top executives of Ford Motor Co. and Toyota Motor Corp. has evolved into a deal between the auto giants to jointly develop a gas-electric hybrid engine for pickup trucks and sport utility vehicles. The companies signed the agreement Monday to share development costs, saying they want to make the technology more affordable for customers and bring it to market faster. Derrick Kuzak, Ford's product development chief, said that although the trucks could have the same engine and transmission, each will be different. "What makes them uniquely a Ford truck will continue to be there with a hybrid powertrain that we co-develop with Toyota," he said.
Source: The Associated Press

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Auto Loan Delinquencies Fall Again in 2nd Quarter

The rate of late payments for auto loans dropped further in the second quarter of the year, helped by low interest rates and improved car sales. That's good news for prospective car shoppers, who should be able to find auto loans available when they go hunting for new wheels. "What we're seeing in the numbers is that lenders are continuing to make loans," said Peter Turek, automotive vice president in TransUnion's financial services business unit. "There's plenty of credit availability out there." Overall, auto loans typically have a far better record for delinquency than mortgages or credit cards, because the cars can be repossessed more quickly than a home, and credit card balances must go to a collection agency.
Source: The Associated Press

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Toyota's Future Rides on the New Camry

Toyota is expected to officially unveil a new version of America's best-selling car [today] and the new Toyota Camry has a lot to carry, even before anyone's loaded the trunk. For Americans, the Camry essentially defines Toyota. "Camry is their heart and soul," said Ed Kim, an industry analyst with Autopacific. The Camry has been the best-selling passenger car in America for 13 of the last 14 years. In fact, said Joe DeMatio, deputy editor for Automobile magazine, it has pretty much become America's default car. That's because, not too long ago, the Camry and its main Japanese competitor, the Honda Accord, were simply the best mid-sized cars going, offering buyers safe, comfortable, reliable transportation. But now, the new Camry has to be flawless, said David Champion, head of auto testing for Consumer Reports. "This car has to be excellent in every way," he said, "and it has to be reliable."

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Audi Defies Market Slump With 57% Boost in A8 Production

Audi AG is hiring staff to increase car production, including a 57 percent capacity boost for the 69,600-euro ($101,400) A8 flagship sedan, on expectations that the luxury-auto industry will weather the stock-market slump. “We’re extremely busy at the moment and have every reason to believe this uptrend will continue for some time, certainly through next year,” Albrecht Reimold, head of the carmaker’s factory in Neckarsulm, Germany, said in a telephone interview. Audi is adding 1,200 technicians, engineers, and other skilled workers this year to bolster its challenge to BMW. “The plant is buzzing,” said Reimold. “There’s no respite even though we’re in difficult times.”
Source: Bloomberg

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NADA Used Car Guide Rolls Out VIN Scanner App

NADA Used Car Guide recently added a VIN barcode scanning app for mobile devices to help vehicle appraisers make fast and accurate decisions. The new VIN scanner app, which is available for the iPhone, iPad2 and Android, is free to download for subscribers of NADA Online and NADA AppraisalPRO. “The VIN barcode scanner simplifies the vehicle decoding process and allows users to look up NADA values for used cars, light trucks and commercial trucks quickly and accurately,” explained Mike Stanton, National Automobile Dealers Association vice president and chief operating officer of the NADA Used Car Guide.
Source: Auto Remarketing

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More articles

Aug. 22, 2011 - NADA's Chief Economist Expects New-Vehicle Sales to Remain Relatively Strong

Aug. 19, 2011 - VW Sees No Slowdown in Demand

Aug. 18, 2011 - Car Dealers Fear Economy Could Scare Off Buyers

Aug. 17, 2011 - Automakers Rebound in July to Lift Factory Output

Aug. 16, 2011 - GM, Toyota Brands Top Satisfaction Index

"This is the kind of collaborative effort that is required to address the big global challenges of energy independence and environmental sustainability."

-- Alan Mulally, Ford CEO, on the company's announcement Monday that it will work with Toyota to develop a new advanced hybrid system for pickup trucks and SUVs, Forbes, Aug. 22

Update on Adverse
Action Requirements


NADA Foundation:
A Success Story

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NADA U Webinars
Aug. 24 -- “Buy and Sell Smart with Today’s Mobile Tools,” with Chad Goodson of CARFAX (1 p.m. EDT)

Sept. 7 -- “Increase $10,000 Per Month Per Advisor Immediately,” presented by Jeff Cowan, NADA U Partner and president, Jeff Cowan’s Pro Talk, Inc. (1 p.m. EDT)

Convention News
Stay Connected with the NADA Convention on Facebook and Twitter

There are now more ways than ever to "connect" with the NADA and ATD Convention and Expo, Feb. 3-6 in Las Vegas. "Like" the convention's Facebook page and "follow" us on Twitter to receive instant updates on speakers, registration, exhibitors, hotels and more. Plus, stay tuned for NADA's new smart phone app coming this fall, putting the entire convention at your fingertips. Convention registration is now open online.

Foundation News
NADA Foundation Program Reaches 500th Ambassador
IT Committee Highlights Importance of Online Reputation Management

NADA’s Information Technology Committee has shed some light on the importance of monitoring social media sites for comments about dealerships’ services and how to monitor these sites without overwhelming dealership staff. To learn more, visit NADA’s Technology page and look under “Online Reputation Management Vendors.”

NADA Used Car Guide Adds VIN Scanner App to its Mobile Products

Texas Dealer Academy Taps Online Resources of NADA University for NextGen Program 

HP's Small but Mighty PC

Super Savings from Lenovo

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