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Inside this issue
Policy, Green Cars Take Center Stage at Washington Auto Show
Hyundai, Subaru and Lexus Top Overall Rankings in NADA Survey
Auto Makers' New Math Drives Net
Ford Reports $13.6 Billion 4Q Profit
Toyota Targets Global Lexus Sales at Pre-Crisis Level of 500,000
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Policy, Green Cars Take Center Stage at Washington Auto Show


NADA officials attend Public Policy Day at the Washington Auto Show on January 26. Pictured (l-r): NADA President Phil Brady, NADA Chairman Stephen Wade, GM North America President Mark Reuss and U.S. Rep. Mike Kelly. (Photo: Joe McCary)

Public policy and the ultimate impact it has on consumers' cars was the hot topic on Thursday at the Washington auto show, as companies vied to show off and explain their latest fuel-efficient technologies under the watchful eyes of regulators and government officials.
Source: AutoWeek

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Roger Penske Honored with Keith Crain Lifetime Achievement Award (Automotive News)

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Hyundai, Subaru and Lexus Top Overall Rankings in NADA Survey

New-car dealers to meet with automaker executives at 26 franchise meetings during the NADA convention in Las Vegas

New-car dealer satisfaction with their respective auto manufacturers continued to increase in 2011, according to NADA’s latest Dealer Attitude Survey. The survey, conducted twice a year, measures dealer sentiment in three key areas: franchise value, automaker policy decisions that affect the dealership and the automaker’s field staff who visit dealerships. Nearly 54 percent of new-car dealers nationwide, representing more than 14,700 franchises, responded to the 2011 summer survey. Early next month in Las Vegas, thousands of the nation’s dealers will have an opportunity to meet face-to-face with top automaker executives at 26 franchise meetings to discuss the outlook for sales, marketing plans and product launches during the 2012 NADA Convention and Expo. NADA’s 95th annual convention runs Feb. 3 to 6. For more information, visit www.nadaconventionandexpo.org. Click here for the full summary of NADA’s Dealer Attitude Survey for summer 2011.
Source: NADA Newsroom

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Auto Makers' New Math Drives Net

In the retooled U.S. auto industry, less is more. A lot more. Car makers and auto dealers are now selling significantly fewer vehicles than they did four or five years ago, yet the industry is brimming with profits. That was underscored on Thursday when AutoNation Inc., the country's largest chain of new-car dealerships, reported record earnings for its fourth quarter—a trend other auto industry players are expected to follow in the weeks ahead. "It is a new world," Michael J. Jackson, chairman and chief executive of the company said in an interview.
Source: The Wall Street Journal

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Ford Reports $13.6 Billion 4Q Profit

Ford reported strong fourth-quarter earnings today in closing out the automaker’s most profitable year since 1998. The automaker had a net income of $13.6 billion or $3.40 a share in its 11th consecutive quarterly profit - far exceeding the final months of 2010 when earnings fell 79% to $190 million. “The quarter was driven by North America,” said Chief Financial Officer Lewis Booth, the only region not affected by deteriorating environmental conditions.
Source: Detroit Free Press

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Toyota Targets Global Lexus Sales at Pre-Crisis Level of 500,000

Toyota Motor Corp said on Thursday it aims to boost worldwide sales of its Lexus luxury cars by about a quarter to 500,000-510,000 vehicles this year, bringing them back to levels before the global financial crisis hammered demand. Lexus lost its crown as the top luxury brand in the United States for the first time in 12 years in 2011, ceding the spot to BMW AG as Toyota suffered lost production after the March 11 earthquake and tsunami in Japan. To change that, Lexus has adopted a new look to give all future models a front grille in the shape of a spindle, including the remodelled GS sedan launched in Japan on Thursday.
Source: Reuters

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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've got to be environmentally friendly. We've got to be fuel-efficient, but we've got to be good for the customer."

   
-- Dave Zuchowski, executive vice president of national sales for Hyundai, in remarks at the Washington Auto Show, AutoWeek, Jan. 26
       




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