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Inside this issue
Proposed Fuel Economy Rules Underestimate Rising Vehicle Cost, NADA Says
Used-Car Prices Likely to Stay Lofty in 2012
Jaguar Land Rover Wants Dualed Stores
Saab Owners Still Rallying To Support Brand
Carmakers Seek Super Bowl Ad Wins
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Proposed Fuel Economy Rules Underestimate Rising Vehicle Cost, NADA Says

At a public hearing today on proposed fuel economy rules for model year 2017-2025 passenger cars and light-duty trucks, NADA urged federal agencies to properly consider the rising consumer cost of new vehicles. “To work, fuel economy rules must require improvements that are affordable,” said New Mexico Ford dealer Don Chalmers, chairman of NADA’s Government Relations Committee, at a joint Environmental Protection Agency and National Highway Traffic Safety Administration hearing in Detroit. “According to EPA and NHTSA, the cumulative cost of all of their fuel economy rules will raise the average price of a vehicle by $3,200. This is not pro-consumer.” Click here for Chalmers' full testimony.
Source: NADA Newsroom

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Used-Car Prices Likely to Stay Lofty in 2012

Don't expect used-vehicle prices to soften notably any time soon. For the third year in a row, used-vehicle prices rose significantly in 2011. Strong consumer demand for late-model used vehicles, coupled with a continued reduction in supply, promises to keep prices high this year, analysts say. Jonathan Banks, senior director of editorial and data services at NADA Used Car Guide, ... says the average age of vehicles in use is 11 years old, leading to pent-up demand for both new and used vehicles. Those supply and demand dynamics will keep used-vehicle prices high, he adds. "We are confident it will be a really strong market in 2012, and we're predicting the prices will be higher than what we saw in 2011," Banks says.
Source: Automotive News

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Jaguar Land Rover Wants Dualed Stores

Jaguar Land Rover North America is encouraging dealers to do buy/sell agreements that result in more stores that handle both franchises. The push for Jaguar-Land Rover duals will dovetail with the launch of a facilities improvement program for Jaguar. "The sweet spot for us is when we get Jaguar and Land Rover together at the same location with the same owner," said Andy Goss, CEO of Jaguar Land Rover North America. "With sports cars, GTs, sedans and a full range of SUVs, you are guaranteed to make money -- only a fool wouldn't."
Source: Automotive News

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Saab Owners Still Rallying To Support Brand

Even though the company entered bankruptcy protection late last year and has largely ceased operations, its cars still have a following of clubs and enthusiastic individual owners. Tim Colbeck, president and chief operating officer of Saab Cars North America, or SCNA, says that while the car maker’s U.S. operation is winding down, its fate is not completely clear. The parent company is still corresponding with potential buyers, and it is possible that the company could, at some point, resume building cars. Meanwhile Saab owners in the U.S. for the most part can still take their cars to dealerships for service.
Source: The Wall Street Journal

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Carmakers Seek Super Bowl Ad Wins

Auto-related companies are geared up for Super Bowl XLVI, collectively buying about a third of the in-game commercial time. The buying spree comes as Americans begin to spend on cars again. U.S. auto sales hit 12.8 million in 2011, up 10.3% from 2010 and the best sales year since 2008, according to Autodata. "There's a lot of market share up for grabs," says Brian Thomas, Volkswagen USA general manager of brand marketing. But with dozens of rivals in the game — auto competitors and others — car companies are working hard to make investments pay. "We are fully prepared for someone else to have a great spot — whether that's a competitor, a beverage company or a fast food (company)," [said Joel Ewanick, GM's top marketer.]
Source: USA Today

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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

"To work, fuel economy rules must require improvements that are affordable."

   
-- Don Chalmers, chairman of NADA's Government Relations Committee, in testimony today at a joint EPA/NHTSA hearing on the proposed fuel economy rules in Detroit, Mich., NADA Newsroom, Jan. 17


"We are confident it will be a really strong market in 2012, and we're predicting the prices will be higher than what we saw in 2011."

    -- Jonathan Banks, senior director of editorial and data services at the NADA Used Car Guide, on the 2012 used car market, Automotive News, Jan. 17




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Chairman's Column
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Convention news
Registration Numbers Soar for Upcoming NADA-ATD Convention and Expo

Registration for the 2012 NADA-ATD Convention & Expo next month in Las Vegas is expected to pass the totals of the last three years. Exhibit space for both NADA and ATD is sold out with more than 565 companies. Eight hotels are sold out and the remaining six hotels are filling up fast. Special advance registration rates end on Jan. 27, so don’t delay. Click here to register today.



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

 
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