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Inside this issue
Car Buyers Need More Information to Understand, Appreciate Fuel Economy Benefits
NAAA and NADA Extend AuctionNet Partnership through 2016
TIME Dealer of the Year Nominees Revealed, Along with NADA Press Agenda
Automakers to Add Thousands of Jobs
Study Confirms That Toyota Unintended Acceleration Issue Was Not An Electronic Malfunction
Stodgy Minivans Are Innovating to Survive
Click here for more auto industry news at .
Top Stories
Car Buyers Need More Information to Understand, Appreciate Fuel Economy Benefits

NADA told two federal agencies today that car buyers would benefit from more information on how up-front fuel economy costs may “pay-back.” At the second of three public hearings on proposed fuel economy rules for model year 2017-2025 passenger cars and light-duty trucks, NADA director and Delaware dealer Bill Willis stressed that fuel economy performance was important but typically not high on a customer’s list of priorities. “When prospective purchasers come to my new vehicle showrooms, they rarely, if ever, engage in upfront fuel economy ‘pay-back’ analyses,” Willis said at a joint hearing held by the Environmental Protection Agency and National Highway Traffic Safety Administration in Philadelphia. “First and foremost, they are looking for vehicles that meet their needs and that they can afford.” Click here for NADA's full testimony.
Source: NADA Newsroom

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NAAA and NADA Extend AuctionNet Partnership through 2016

Officials from NADA and NAAA sign an agreement that extends their AuctionNet partnership through 2016. Pictured (l-r): Mike Stanton, vice president of the NADA Used Car Guide; NADA President Phil Brady; Frank Hackett, CEO of NAAA; and Ray Nichols, chairman of the NAAA/NADA joint marketing committee.

The NADA Used Car Guide and the National Auto Auction Association announced today a new agreement that will extend their AuctionNet partnership through 2016. “We are pleased to be able to continue on the course set by industry pioneers back in 1990,” said Mike Stanton, vice president of the NADA Used Car Guide. “Since 1991, AuctionNet has provided the industry with the most comprehensive and timely set of wholesale transaction data representing more than 80 percent of auction sales.”
Source: NADA Newsroom

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TIME Dealer of the Year Nominees Revealed, Along with NADA Press Agenda

Franchised dealers from a variety of backgrounds and market sizes constitute the 50 nominees for this year’s TIME Dealer of the Year Award, an honor now sponsored by Ally Financial. The awards program, which is produced in cooperation with the National Automobile Dealers Association, aims to recognize the nation’s most successful auto dealers who also demonstrate a long-standing commitment to community service. Along with the award nominees, an announcement from NADA came about its press conference schedule for the Convention and Expo that runs Feb. 3 to 6 in Las Vegas. All press conferences last 45 minutes and will be held in rooms 233 and 235 in the North Hall of the Las Vegas Convention Center.
Source: Auto Remarketing

Editor's note: Click here for the schedule of 21 press conferences taking place at NADA's upcoming Convention and Expo in Las Vegas.

Related article

 50 Nominated for Time Dealer of the Year Award (Automotive News)

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Automakers to Add Thousands of Jobs

The U.S. auto industry plans to add thousands of jobs this year as sales continue to rebound and automakers look to produce more cars in the United States to sidestep currency woes overseas. "The yen, the euro, all the currencies that affect the manufacturers' balance sheets, except for the dollar, are in flux. So the only way to hedge is to build where you sell," said Rebecca Lindland, an analyst with IHS Automotive. Last week, German automakers joined the U.S. hiring binge. The commercial truck division of Mercedes-Benz and the factory that builds BMW sport utility vehicles said they would add a total of about 1,500 jobs at plants in the Carolinas this year.
Source: The Detroit News

Related article

 Toyota Adds Shifts at Texas Plant to Boost Truck Inventory (Automotive News)

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Study Confirms That Toyota Unintended Acceleration Issue Was Not An Electronic Malfunction

Another study released Wednesday confirmed last year's finding by government safety regulators that unintended acceleration in Toyota vehicles was not caused by electronic malfunctions. But the lengthy analysis, conducted by the National Academy of Science's National Research Council, raised new questions about risks from increasingly complex electronics controlling our vehicles. Toyota welcomed the final report, commending the council "for its valuable work on vehicle electronics and the open process (it) has maintained throughout its investigation." Still, the 162-page report cited the need for federal regulators to develop more expertise in how the greater density of electronics in cars can lead to new safety issues.
Source: Detroit Free Press

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Stodgy Minivans Are Innovating to Survive

Can the Chrysler 700 rekindle America’s love affair with the minivan? The swoopy concept vehicle now on display at the 2012 Detroit Auto Show is a visually striking contrast to the staidly functional “one-box” people-movers that most Americans are familiar with. Generally given credit with inventing the modern minivan, Chrysler is hoping that the auto show car will give it a new direction that could revive the once vital market segment. “I don’t like the smell of the minivan market today,” said Chrysler’s CEO Sergio Marchionne, noting that he may kill off one of the carmaker’s remaining two models if a viable alternative, perhaps something like the 700, can’t be found to generate some enthusiasm in research clinics later this year.
Source: MSNBC

Related article

 A 'Matchmaker' for Drivers and Parking Spaces (The New York Times)

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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.


"Simply put, to avoid undermining economic progress, any new fuel economy mandates must be economically practical, for example, affordable up-front to real consumers in real showrooms."

    -- NADA Director Bill Willis, in testimony today at the second joint EPA/NHTSA hearing in Philadelphia on the proposed fuel economy rules, NADA Newsroom, Jan. 19

"I don't like the smell of the minivan market today."

    -- Chrysler CEO Sergio Marchionne, said he hopes a concept minivan on display at the Detroit auto show will revive the segment, MSNBC, Jan. 19 (Marchionne will address dealers on Saturday, Feb. 4 at the 2012 NADA-ATD Convention & Expo in Las Vegas.)

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 Wade: Make Your Plans Today to Attend the 2012 Convention (NADA-TV)

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Chairman's Column
Three Reasons to be Optimistic about 2012 Sales

2012 Convention on Pace to Be Biggest Since 2008

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

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
New NADA Mobile App for iPhone and iPad

HP's Inventory Blowout

Lenovo's New Year Deals

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