View Mobile Version | View Web Version

SPONSORED BY
NADA.org
Monday, Jan. 9, 2012 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
2012 Looks Bright for U.S. Auto Sales, Economists Say
Detroit Auto Show Signals a Turnaround for the Industry
Volkswagen Sales Over 8 Million in 2011
Due to NADA Efforts, Congress Halts Inconsistent Rule on Service Advisor Exempt Overtime Status
U.S. Safety Official 'Comfortable' with Volt Fix
Saab Dealers Want Top Priority
CEO Sergio Marchionne Steers Chrysler from Battlefield, Out of Bankruptcy
Primm's Policy: Family First
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
2012 Looks Bright for U.S. Auto Sales, Economists Say

Economists predict a rosy 2012 for auto sales — around 13.5 million to 14 million vehicles sold in the U.S. — but nothing close to a record year. At the annual Society of Automotive Analysts annual outlook conference Sunday, economists predicted the U.S. would outpace most of the rest of the world in economic growth. The National Automobile Dealers Association forecasts 13.9 million vehicle sales in 2012, while other economists predict around 13.5 million. NADA chief economist Paul Taylor predicts light trucks will outsell cars again in 2012. "The average trade-in value of a three-year-old used car is 8 percent higher in January 2012 compared to last January," said Jonathan Banks, executive auto analyst with the NADA Used Car Guide. "We expect this trend of higher trade-in values to continue throughout the year."
Source: The Detroit News

Related articles

 NADA: Top 3 Factors Why New Car Sales Will Increase in 2012 (NADA Newsroom)
NADA: High Trade-in Values Expected to Boost New-car Sales in 2012 (NADA Newsroom)

[back to top]

Detroit Auto Show Signals a Turnaround for the Industry

Signs that the auto industry recovery is likely to continue this year are everywhere at the North American International Auto Show — massive two-story video screens, dozens of futuristic concept and previously unseen vehicles and thousands of car parts suppliers and vendors. "It has to do with the economy, there is no doubt," said Rod Alberts, executive director of the industry gathering, also known as the Detroit auto show. The hometown auto companies are on a roll. The three big Detroit carmakers all logged double- digit sales growth last year, helping to fuel a 10.3% increase in the auto industry's U.S. sales to 12.8 million vehicles, its best since 2008.
Source: Los Angeles Times

Related articles

 In Motown They're Dancing In The Streets (Forbes)
 Auto Show? Politics Can't Be Too Far Behind (Automotive News)
 Revitalized Detroit Makes Bold Bets on New Models (The Wall Street Journal)
 U.S. Auto Market Now Industry Bedrock (Reuters)

[back to top]

Volkswagen Sales Over 8 Million in 2011

German automaker Volkswagen AG expects a tough 2012 even as it reported record sales of more than 8 million vehicles last year that put it ahead of Japan's Toyota Motor Corp. Volkswagen said in a statement on Monday that it delivered 8.156 million vehicles in 2011, a 14 percent rise over the previous year. Volkswagen's top sales and marketing executive, Christian Klingler, said that "all the company's brands have shown increases in difficult conditions on volatile markets" and called the 2011 figures "an outstanding result."
Source: The Associated Press

[back to top]

Due to NADA Efforts, Congress Halts Inconsistent Rule on Service Advisor Exempt Overtime Status

In April 2011, U.S. Department of Labor (DOL) – without any advance warning – issued a notice indicating that it intended to reverse its position on the overtime exempt status of service advisors. Doing so would have overturned three decades of regulatory interpretation and a consistent line of federal and appellate court rulings that service advisors are exempt from overtime. It would have forced dealers to make disruptive compensation and staffing changes and would unnecessarily complicate regulatory compliance. NADA argued that these changes would expose dealerships to unnecessary litigation and were not properly justified. After pursuing regulatory remedies, NADA sought assistance from Congress. The recently signed FY 2012 Omnibus Appropriations Act preserves the exempt status of service advisors for one year, until Sept. 30, 2012. With the appropriations bill now on the books, Congress has sent a clear message that the exemption should not be altered in the future. For more information contact Doug Greenhaus of NADA Regulatory Affairs at 703.821.7040.
Source: NADA Regulatory Affairs

[back to top]

U.S. Safety Official 'Comfortable' with Volt Fix

The agency that monitors U.S. vehicle safety is "comfortable" that a proposed fix to the Chevrolet Volt eliminates the risk of fire days after the electric car is involved in a crash, a senior official said on Sunday. David Strickland, administrator of the National Highway Traffic Safety Administration, said a solution proposed by General Motors Co addresses the causes of fires observed in the Volt in federal safety tests last year. Last week, GM said it had developed a fix for the Volt that would better protect the vehicle's 400-pound lithium ion battery by adding steel reinforcements and taking other steps to prevent coolant fluid from leaking and triggering a fire.
Source: Reuters

[back to top]

Saab Dealers Want Top Priority

Retailers will seek liquidation of U.S. unit if several demands aren't met

Saab's U.S. dealers say they will try to force the liquidation of Saab Cars North America if they don't get preference over other creditors and if the company is not transparent with its finances as operations are wound down. The dealers also want Saab to provide warranties for unsold new cars and reimburse dealers for losses incurred by heavy discounting. "We expect Saab to be 100 percent forthcoming," said Leonard Bellavia, a lawyer who represents 145 of Saab's 188 U.S. dealerships. "If we are comfortable and if we can get certain guarantees put into place, then we could avoid a bankruptcy."
Source: Automotive News

[back to top]

CEO Sergio Marchionne Steers Chrysler from Battlefield, Out of Bankruptcy

Sergio Marchionne sleeps on a plane, runs two automakers on separate continents and bristles when anyone asks how much longer he can keep up the pace before scaling back or choosing a successor. "Nothing is going to happen until after 2015 -- unless I get hit by a bus," Marchionne told the Free Press ... Chrysler's rise from the ashes of its 2009 bankruptcy has happened faster than even the demanding CEO expected. "If I told you I expected anything better than this, I'd be lying through my teeth," he said.
Source: Detroit Free Press

Editor's note: Chrysler CEO Sergio Marchionne will address dealers on Feb. 4 at the 2012 NADA/ATD Convention & Expo in Las Vegas. Click here for more information.

[back to top]

Primm's Policy: Family First

Michelle Primm grew up in the family business of car retailing, but after college she wanted to try corporate finance. It only took a few years before the lure of the auto business became too strong. She believes the foundation of the dealership group's success is its human-resources policies. For her, happy employees mean happy customers. Primm also embraces the "nontraditional work force," with more than a few retirees working part-time at the stores. "My employees like working here. They have fun. If you're not having fun at work, you need to find something else to do," she says.
Source: Automotive News

Editor's note: Michelle Primm is a member of NADA's board of directors.

[back to top]

More Articles


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

"It has to do with the economy, there is no doubt."

    -- Rod Alberts, executive director of the North American International Auto Show, which is expected to be glitzier and larger than in many years, driven by rising auto sales and financially healthier manufacturers, Los Angeles Times, Jan. 9




NADA - National Automobile Dealers Association
Videos
 
 Wade: Make Your Plans Today to Attend the 2012 Convention (NADA-TV)

 More Videos

Sponsored by
  

Chairman's Column
2012 Convention on Pace to Be Biggest Since 2008

Congress Members: 'Time Out' Needed on Fuel Economy Regulation

Study Takes a Look at ROI of Factory Image Programs

Convention news
myNADAplanner now available!

myNADAplanner is a free service that matches the business needs of attendees with exhibitors by selecting the best possible connections based on information provided at convention registration. Attendees can schedule meetings before, during and after the convention, search for products and create a personalized, printable floorplan map. Access to myNADAplanner is available to all registered attendees and exhibitors. Registration IDs sent in the registration/housing confirmation emails are required to access myNADAplanner. Click here for more info.



Exhibitor Update

Click here for the latest news on first-time exhibitors.

Foundation news
Cleveland Dealers Donate $120,000 to NADA Foundation Ambassador Program

ATD Chairman Urges Dealers to Learn More about Ambassador Program


NADA Foundation Ambassador Peter Blackstock Supports California School
Marketplace
New NADA Mobile App for iPhone and iPad

HP's Inventory Blowout

Lenovo's New Year Deals

 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .