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Thursday, Aug. 25, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
New Car Dealerships Increase in U.S.
Carmakers' Rebound Is Driving Jobs in U.S.
NADA Calls for Nominees for 'Hiring Our Heroes' Award
2012 Ford Edge, Explorer Arriving to Dealerships
2011 Best Cars for Families
Click here for NADA's online newsroom at NADAFrontPage.com. .
Top 5 Stories
New Car Dealerships Increase in U.S.

The number of new car dealers in the U.S. rose slightly in the first half of 2011, as the auto industry expanded in metropolitan areas, according to a report released Wednesday by Detroit-based Urban Science. The increase — amounting to just 0.4 percent, with the addition of 66 dealers for a total of 17,725 across the U.S. — is the first reported uptick in a decade, the global retail consulting firm said. The increase represents the end of a series of precipitous declines in dealers in recent years after the bankruptcies of two U.S. automakers and the shedding of numerous brands. Paul Taylor, chief economist for the National Automobile Dealers Association, said dealers are seeing better financial performance — and noted new Fiat and Mahindra dealers will be selling cars soon. "We will see a world in which there are more brands from a greater array of countries for sale in the United States," Taylor said. "New brands will be more important as they set up dealerships with new light vehicles from manufacturers in China, India, Italy and elsewhere who were not recent suppliers a year ago."
Source: The Detroit News

Related article

 Car Dealers Increase Slightly in U.S. (Detroit Free Press)

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Carmakers' Rebound Is Driving Jobs in U.S.

The industry that once needed bailing out could be the one to stave off recession.

Taxpayers bailed out much of the U.S. auto industry. Now the carmakers might be what saves the nation's economy from falling back into recession. After a massive restructuring and several high-profile bankruptcies, a leaner, more aggressive auto industry is making a comeback, hiring workers and ramping up manufacturing plants. From a trough two years ago, Ford Motor Co., General Motors Co., Chrysler Group and other auto companies have added almost 90,000 manufacturing jobs, a 14% increase, according to federal employment data. Dealers are having a banner year, making more money per sale than they have in years and hiring back some workers shed during the recession. "I have been adding dozens of employees for sales and sales support," said Mike Bowsher, who owns Chevrolet and Buick dealerships in Atlanta; Nashville, Tenn.; and Orlando, Fla. "The economy is crazy, but our retail business is still growing and getting better." This kind of expansion is important to the economy. Including factories, suppliers and dealers, the U.S. auto industry employs about 1.7 million workers and supports an additional 6.3 million private-sector jobs, according to the Center for Automotive Research in Ann Arbor, Mich. The center said those positions represent more than $500 billion in annual compensation and more than $70 billion in personal tax revenue.
Source: Los Angeles Times

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NADA Calls for Nominees for 'Hiring Our Heroes' Award

Nominate your dealership today; deadline is Sept. 23

The U.S. Chamber of Commerce is seeking nominations for its first annual “Hiring Our Heroes” award from businesses across the country—including new-car dealerships—that are taking active leadership roles in employing U.S. military veterans and their spouses. “We have long supported the ‘Hiring Our Heroes’ program,” said Stephen W. Wade, chairman of the National Automobile Dealers Association. “We’re pleased the Chamber of Commerce is now recognizing businesses that are hiring military veterans with an awards program each year.” To be eligible for the award, a dealership must currently employ at least one person who is a veteran. There are five award categories: 1) Veteran and Military Spouse Employment (General Award); 2) Veteran and Military Spouse Employment (Small Business Award); 3) Wounded Warrior Transition Assistance; 4) Providing Employment or Internships for Post 9-11 Veterans; and 5) Women Veteran Employment. Award finalists and winners will be recognized at the Chamber’s 4th Annual “Hiring our Heroes” event and awards dinner in Washington, D.C., on Nov. 10, 2011. Representatives of the nominated businesses and up to one guest must be able to attend. The nominations are due no later than noon Friday, Sept. 23. For questions or more information, email vets@uschamber.com. Click here for the nomination form.
Source: NADA Newsroom

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2012 Ford Edge, Explorer Arriving to Dealerships

Versions of the 2012 Ford Edge and Explorer are arriving at dealerships this week with smaller engines and big sales expectations. The utility vehicles for the 2012 model year have direct-injection turbocharged four-cylinder engines — part of Ford Motor Co.'s EcoBoost strategy to improve the fuel economy of its lineup. The Edge and Explorer are the first Ford vehicles to get this engine in North America. The four-cylinder is proving popular in Europe. Ford is also working on a small 1-liter engine that is an EcoBoost candidate for a future vehicle.
Source: The Detroit News

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2011 Best Cars for Families

For many people, a family car is the car you have to buy, not the car you actually want. But family cars are also the setting of heart-to-heart talks, sing-alongs and games. The 2011 U.S. News Best Cars for Families awards highlight vehicles that make family life easier. The awards are based on a combination of data from the U.S. News car rankings, safety and reliability ratings and long-term ownership costs. The winners are cars, SUVs and vans that impress car reviewers with their family-friendly features and space, but also keep families safe and on budget – factors that matter to any parent.
Source: U.S. News & World Report

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More articles

Aug. 24, 2011 - Autos, Aircraft Lifted July Durable Goods Orders

Aug. 23, 2011 - Ford, Toyota to Work Together on Hybrid Trucks

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
 
Quotable
"We have long supported the 'Hiring Our Heroes' program. We're pleased the Chamber of Commerce is now recognizing businesses that are hiring military veterans with an awards program each year."

   
-- NADA Chairman Stephen W. Wade, referring to the Chamber's first annual “Hiring Our Heroes” awards program, which is currently seeking nominations from the business community, NADA Newsroom, Aug. 25


"We will see a world in which there are more brands from a greater array of countries for sale in the United States."

   
-- NADA Chief Economist Paul Taylor, noting that new brands from manufacturers in China, India and Italy will soon be setting up U.S. dealerships, The Detroit News, Aug. 25

Videos

 
Update on Adverse
Action Requirements

(AutoFocus)

 
NADA Foundation:
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(AutoFocus)

 More videos

NADA U Webinars
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
Marketplace
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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