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Inside this issue
Opinion: CAFE: Dealers Know What Sells
NADA: CAFE Plan Adds $5,000 to Stickers
Car Makers' U-Turn Steers Job Gains
GM Faces Rebuilding Volt Image after Probe
Nissan and Renault CEO Carlos Ghosn to Address 2012 NADA/IHS Automotive Forum
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Opinion: CAFE: Dealers Know What Sells
By Stephen W. Wade

The Jan. 16 editorial about fuel economy ("NADA must be reasonable about CAFE proposals") overlooks a couple of key points: The National Automobile Dealers Association supports both continuous improvement in fuel economy and a single national standard to help get us there. When it comes to determining what sells in the showroom, auto dealers are in the best position to offer relevant comment. We know firsthand, for example, that for the overwhelming majority of Americans fuel economy is not a major factor when deciding what car to buy. Price matters most. So when we learn that the proposed standards could add at least $3,200 to the price of the average car, we are naturally concerned. The manufacturers may be able to produce the right product mix, but it is the dealer who will have to pay for the product and then hope there are interested consumers. Dealers have already lived the nightmare of empty showrooms. To reap the societal benefits of higher fuel economy, government policy should encourage fleet turnover, not shrink the dealers' customer base.
Source: Automotive News

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NADA: CAFE Plan Adds $5,000 to Stickers

An Obama administration proposal to nearly double today's fuel economy standards could end up tacking on $5,000 to the sticker price of a new vehicle, a top official with the National Automobile Dealers Association says. The proposal, which seeks to raise the corporate average fuel economy to 54.5 mpg by the 2025 model year, would force automakers to adopt costly fuel-saving technologies that could eventually price some buyers out of the new-car market, says Don Chalmers, chairman of NADA's government relations committee. A study NADA will release next month will show that the costs associated with the proposed higher fuel-economy standards will exceed the government's projections by more than 60 percent, meaning consumers will pay on average $5,000 more for a 2025 model than they do today, Chalmers said last week at a public hearing on the proposed standards here.
Source: Automotive News

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Car Makers' U-Turn Steers Job Gains

Big auto makers and their suppliers are spending billions to expand and retool U.S. factories, pushing heartland states to jockey to land new auto jobs. Executives say the industry's U-turn from bankruptcy filings and layoffs to hirings and capital spending is driven by rising demand and a new view of manufacturing in the U.S. as a way to guard against volatile currency markets and other risks. Auto-industry employment in the U.S. is predicted to jump to 756,800 in 2015 from 566,400 in 2010, with most of that increase in Michigan, according to the Center for Automotive Research in Ann Arbor...
Source: The Wall Street Journal

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GM Faces Rebuilding Volt Image after Probe

General Motors Co. begins the task this week of repairing the image of its Chevrolet Volt plug-in vehicle after federal regulators closed their investigation into a battery fire. GM Chief Executive Officer Dan Akerson and David Strickland, head of the National Highway Traffic Safety Administration, are scheduled to testify Jan. 25 before a panel of the U.S. House Oversight and Government Reform committee. The panel is probing the response to a June 6 fire in a Volt three weeks after the car was crash-tested. While NHTSA closed its investigation last week and said electric vehicles are no more prone to fires than other autos, Detroit-based GM is left to mend the Volt brand’s reputation and sellers of other electric cars may face additional hurdles in boosting sales, an auto analyst said yesterday.
Source: Bloomberg

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Nissan and Renault CEO Carlos Ghosn to Address 2012 NADA/IHS Automotive Forum

Manufacturers, auto dealers and analysts set to headline day-long forum hosted by New York International Auto Show

Nissan and Renault Chief Executive Officer Carlos Ghosn will be the keynote speaker at the April 3 Automotive Forum sponsored by the National Automobile Dealers Association (NADA) and IHS, and hosted by the New York International Auto Show. The day-long event at the Grand Hyatt New York, “Defining Success in the Automotive Industry: Staying Competitive in an Uncertain World,” brings together industry thought leaders for discussions of critical issues facing the automotive industry and the effect those issues will have on the industry's key stakeholders, including manufacturers, suppliers and dealers. For additional information or to register, visit www.autoforumny.com.
Source: NADA Newsroom

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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

"We know firsthand ... that for the overwhelming majority of Americans fuel economy is not a major factor when deciding what car to buy. Price matters most."

   
-- NADA Chairman Stephen W. Wade, in response to the Obama administration's proposed fuel economy rules, Automotive News, Jan. 23
 




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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
NADA Charitable Foundation to Launch Road Safety Grant Program at Convention

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


ATD Chairman Urges Dealers to Learn More about Ambassador Program 
Marketplace
New NADA Mobile App for iPhone and iPad

HP's Inventory Blowout

Lenovo's New Year Deals

 
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