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2012 NADA-ATD Convention & Expo

Inside this issue
Auto Dealers Question Outlays for Facilities
Dealer Group Expects New Vehicle Sales to Near 13.9 Million
Car Dealers Upbeat on Future
Krafcik: Capacity Crimps Hyundai
NADA Chairman Urges Dealers, OEMs to Resolve Differences on Remodeling Programs
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Auto Dealers Question Outlays for Facilities

Car dealers in the United States want modern facilities that project a positive image for the brand but are not convinced of the cost-effectiveness of the investment, according to a study released today at the National Automobile Dealers Association convention. NADA Chairman Stephen Wade said the issue became a priority in his travels across the country. “It was the No.1 topic,” said the Utah dealer. “It is a widespread concern – not brand specific.” The findings did not provide a silver bullet, but the white paper recommends that all parties now work to determine the nature of the dealership of the future. Automakers need to better demonstrate and quantify the value of investment and work with dealers on how to execute in a more flexible, cost-effective manner, the study concludes.
Source: Detroit Free Press

Editor's note: For complete coverage of the 2012 NADA-ATD Convention & Expo, visit www.nadafrontpage.com.

Related articles

 New Car Dealers Support Modern Facilities but Question Case for Factory Programs (NADA Newsroom)
 NADA Study Questions Value of Factory-Driven Dealership Renovations (Automotive News)
 Auto Dealers Spending Billions to Upgrade but Some Question if it Will Boost Sales (The Detroit News)

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NADA Chairman Urges Dealers, OEMs to Resolve Differences on Remodeling Programs

When it comes to factory-mandated image programs that require new-car dealers to invest billions of dollars to remodel their showrooms, Stephen W. Wade, outgoing chairman of the National Automobile Dealers Association, expressed hope that a new study released today would help restore reason and common sense. “The goal of the study is to move the facilities investment decision onto a more rational, informed and fact-driven footing,” Wade said in remarks today at the NADA Convention and Expo in Las Vegas, which runs through Monday, Feb. 6. Click here for Wade's full remarks. The executive summary and full report are available at www.nada.org/facilitystudy.
Source: NADA Newsroom

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Dealer Group Expects New Vehicle Sales to Near 13.9 Million

LAS VEGAS—U.S. automotive sales should hit 13.9 million new vehicles this year as low interest rates and a mild recession in Europe keep the American economy humming. About seven million trucks and sport-utility vehicles are expected to be sold along with 6.9 million cars, National Automobile Dealers Association Chief Economist Paul Taylor said Saturday. A total of 12.7 million new vehicles were sold last year. "The recession in the minds of most Americans has ended," Mr. Taylor said. "The interest rates have been helpful and will remain helpful for the next couple of years. More auto maker finance companies are offering low-interest and interest-free loans of up to 60 months."
Source: The Wall Street Journal

Related articles

 NADA: Economic Conditions Jell for Higher New Car Sales in 2012 (NADA Newsroom)
 Dealer Group Sees Higher US Auto Sales and Prices (Associated Press)
 NADA's Taylor Forecasts U.S. Auto Sales to Rise 10% This Year (Bloomberg)

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Car Dealers Upbeat on Future

Turnaround brings rising sales, hiring, showroom upgrades Many of the nation's 17,500 auto dealers are upbeat about 2012 after surviving dismal auto sales, the shuttering of a half-dozen iconic U.S. brands and Asian supply disruptions. At the annual four-day convention of the National Automobile Dealers Association that began Friday, dealers are expressing confidence in the economic turnaround and growing auto sales. James Myers, president and chief operating officer of Crown Automotive Group, a Florida-based group of 17 dealerships that sells Jeep, Buick, Nissan, GMC and other brands, is bullish. "We're very upbeat. We think this year is going to be a nice bounce-back," Myers said. "It's been a tough couple years, but everyone's just glad it's over."
Source: The Detroit News

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Krafcik: Capacity Crimps Hyundai

Hyundai Motor America, which doubled the industry's 10 percent sales gain in 2011, will not see similar gains this year, its top executive said. Because of capacity constraints at its Alabama plant, Hyundai will be fortunate to match the industry's expected 8 percent gain to 13.8 million units, said John Krafcik, CEO of Hyundai Motor America. Hyundai was able to free bottlenecks at the plant last year to increase capacity at Alabama from about 300,000 to 330,000 units. The plant likely cannot increase that amount again. But Korean assembly of the Azera and Veloster will both be full-year amounts, without sacrificing production of other models, Krafcik said at the J.D. Power International Automotive Roundtable [in Las Vegas] Friday.
Source: Automotive News

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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're very upbeat. We think this year is going to be a nice bounce-back. It's been a tough couple years, but everyone's just glad it's over."

   
-- James Myers, president and chief operating officer of Crown Automotive Group, expressing confidence in the economic turnaround and growing auto sales at the 2012 NADA Convention & Expo in Las Vegas, The Detroit News, Feb. 4




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