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Wednesday, Jan. 4, 2012 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
  
Inside this issue
Chrysler, Up 37%, Leads Detroit Sales Gains in December
NADA Economist: Solid December Auto Sales Cap Off 2011 with 10% Increase
Using Recess Power, Obama Putting Cordray in Job
Global Auto Sales to Grow 6.7% This Year, Polk Says
For VW, the Eco-Friendly Hue is Blue
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Chrysler, Up 37%, Leads Detroit Sales Gains in December

Chrysler Group posted a 37 percent jump in December U.S. sales today and joined General Motors in predicting that the industry will finish the year stronger than analysts had predicted. Chrysler's December jump capped a year that saw the automaker's U.S. volume jump 26 percent. GM said its December sales climbed 5 percent to finish the year up 13 percent; while Ford Motor Co. reported a 10 percent increase for the month and a 9 percent gain for the year.
Source: Automotive News

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NADA Economist: Solid December Auto Sales Cap Off 2011 with 10% Increase

The Detroit 3 auto manufacturers – General Motors Co., Ford Motor Co. and Chrysler Group LLC – held a key inventory advantage over their competitors, which led to higher U.S. new car and light truck sales in December, says Paul Taylor, chief economist of the National Automobile Dealers Association. “The Detroit 3 dealers had nearly 50 percent of the inventory available for sale during December, and collectively enjoyed sales increases of more than 12 percent for the month,” Taylor said. “The inventory advantage for manufacturers based in North America will provide sales momentum during the first quarter of 2012.”
Source: NADA Newsroom

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Using Recess Power, Obama Putting Cordray in Job

In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation's chief consumer watchdog. Outraged Republican leaders in Congress suggested that courts would determine the appointment was illegal. With a director in place, the new Consumer Financial Protection Bureau can start overseeing the mortgage companies, payday lenders, debt collectors and other financial operations often blamed for practices that helped tank the economy. Even before Obama announced the move in an appearance in Ohio, Cordray said he would begin work right away.
Source: The Associated Press

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Global Auto Sales to Grow 6.7% This Year, Polk Says

Worldwide new vehicle sales are forecast to reach 77.7 million this year, with China accounting for the largest portion of the increase. New vehicle sales are expected to reach 17.9 million this year in the world's largest auto market, up 16% from 2011, according to Polk. The U.S. market is poised to expand to 13.7 million this year, up from about 12.8 million in 2011, with the luxury market as the fastest-growing segment, increasing by more than 14%. "More affluent buyers are returning to the market for new vehicles, after three years of spending reductions," Anthony Pratt, Polk director of forecasting for the Americas, said in a report released Tuesday.
Source: Detroit Free Press

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For VW, the Eco-Friendly Hue is Blue

While other automakers are thinking green, Volkswagen is going blue. "Think Blue" is VW's latest eco-friendly catchphrase, or "philosophy" as VW calls it, encompassing efforts such as the company's attempts to green-up its factories worldwide and VW's push for more diesel-fueled cars. VW has set a new target in this ongoing campaign: It hopes to make building cars 25 percent more "environmentally compatible" at its factories by 2018. The effort also has a name: "Think Blue. Factory."
Source: Automotive News

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The NADA Story

The NADA story began in 1917 when 30 auto dealers traveled to the nation’s capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealerships with 32,500 franchises, both domestic and international.

 
Quotable

"Over the past 12 months, we successfully changed the conversation from Chrysler's survival to products and service that consumers expect and want from a great American automaker."

    -- Chrysler Group LLC CEO Sergio Marchionne, in an e-mail to employees Tuesday, The Associated Press, Jan. 4




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