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Inside This Issue
Toyota Warns Parts Makers to Slash Prices or Be Replaced
Tech Boom Lifts Certain Luxury Car Brands
For Many Car Buyers, White is the Top Color
Steve Jobs and the Lesson for Detroit
NADA Foundation: Ambassador Supports American Red Cross
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Top Stories
Toyota Warns Parts Makers to Slash Prices or Be Replaced

Toyota Motor Corp. is telling parts suppliers in Japan to slash prices or face being replaced by overseas rivals as the yen's value appreciates, four people involved with the discussions said. Toyota, which loses 34 billion yen ($443 million) in operating profit for every 1 yen appreciation against the dollar, told partsmakers it intends to increase procurement in emerging markets in cases where domestic suppliers can't match overseas prices, according to the people, who declined to be identified because the talks are private. Carlos Ghosn, chief executive officer of Toyota's biggest domestic rival Nissan Motor Co., said on Thursday that Japan faces a "hollowing out" of its industrial base should the government fail to take steps to counter the yen's rise.
Source: Automotive News

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Tech Boom Lifts Certain Luxury Car Brands

Luxury-car sales are up this year amid Silicon Valley’s resurgent technology boom, but not all car brands are benefiting. Sales of certain upscale car brands in the Bay Area—including Porsche, Aston Martin and Lotus—rose strongly in the first six months of this year versus the same period a year ago, according to data from R.L. Polk & Co., which analyzes the auto industry. “There’s definitely pent-up demand in the super high-end luxury car market,” said [Vincent Golde, general manager of Qvale Auto Group’s British Motor Car Distributors in San Francisco.] “Clients have the money and just want to feel that they’re justified in buying a new car.”
Source: The Wall Street Journal

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For Many Car Buyers, White is the Top Color

When it comes to car color, white is white-hot, according to PPG Industries, a leading international coatings company, which released its annual color trend popularity survey Wednesday. Twenty-one percent of 2011 model-year vehicles around the world are white, bumping silver, which fell to second place, where it's tied with black. Both silver -- the most-popular vehicle for 10 years straight -- and black claimed 20% of the market, with gray coming in next at 13%.
Source: Detroit Free Press

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Steve Jobs and the Lesson for Detroit

When he was once asked who he most admired, Steve Jobs pointed to Henry Ford and Walt Disney. No surprise. They both had the ability to give people what they wanted, often before they knew it. And perhaps that was what we’ll remember Jobs for most, rather than any individual technological breakthrough. Such technologies alone might earn Steve Jobs a shot at minor immortality in the Automotive Hall of Fame. But perhaps the most important thing he can offer the auto industry is more conceptual than technological: it’s the idea that truly great companies don’t just make great products; they make great products that consumers didn’t even know they needed.
Source: The Detroit Bureau

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NADA Foundation: Ambassador Supports American Red Cross

Auto dealer John P. McEleney presents Amber Wood of the American Red Cross with a $2,000 grant from the NADA Foundation.

Auto dealer John P. McEleney knows that the American Red Cross can make a difference to individuals and families, especially to those who have faced recent disasters in his community. That’s why McEleney, who became an Ambassador of the National Automobile Dealers Charitable Foundation in 2008, selected the Gateway Area chapter of the American Red Cross in Clinton, Iowa, as the recipient of his $2,000 gift. “The American Red Cross has been really taxed in this area. We have had both a rash of house fires that have displaced numerous people as well as flooding in some areas in our region that have affected many over the past year,” said McEleney, president of McEleney Chevrolet, Buick, GMC and Toyota in Clinton, and former NADA chairman.
Source: NADA Newsroom

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Chairman's Column
Economic Fears May be Rising, But New-Car Sales are Still Expected to Rise

Dodd-Frank Law Takes Effect with Implications for F&I Office

Convention News
Five Las Vegas Hotels Sold Out

Registration for the 2012 NADA-ATD Convention & Expo, Feb. 3-6, remains brisk. For the first time, both conventions will be held together. Top hotels in Las Vegas are filling up quickly. Click here to register.
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NADA Foundation: Ambassador Supports American Red Cross

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