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Inside this issue
Mulally Shakes Up Ford Exec Ranks, Has 'No Plans' to Retire
Kia to Use Expanded U.S. Capacity to Build More Optimas
Is Chevy's Cruze Dulling the Spark of its Volt?
Chrysler Dealer Council President Confident OEM Will Stay with Ally
Why 2012 Might Be the Year to Buy a New Car
Auto Dealer Places Winning Bid on ADESA Motorcycle Auction at NADA Convention
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Mulally Shakes Up Ford Exec Ranks, Has 'No Plans' to Retire

Two Ford Motor Co. executives considered instrumental in the automaker's turnaround are stepping down, CEO Alan Mulally announced Thursday. Replacing Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, Ford's head of global product development, will be Bob Shanks and Raj Nair respectively. The high-profile departures have renewed speculation about Mulally's own exit. But the 66-year-old executive who is credited with saving Ford said Thursday that he has no intention of going anywhere, anytime soon. "I have no plans to retire," Mulally said.
Source: The Detroit News

Related stories

 A Look at the Top Candidates to Succeed Ford's CEO (The Associated Press)
 Kuzak Was Force Behind Ford Product Revival (The Detroit News)

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Kia to Use Expanded U.S. Capacity to Build More Optimas

Kia will use most of its expanded capacity in the United States to boost Optima production by as many as 60,000 units this year. The decision comes after U.S. sales of the Optima more than tripled last year from 2010. Kia sold 84,590 Optimas in 2011, the redesigned vehicle’s first full year of production. Kia has had a difficult time keeping up with demand for the Optima. [Tom Loveless, Kia Motors America’s vice president of sales,] said with the boost in Optima production, Kia should have three vehicles with more than 100,000 U.S. sales this year -- the Optima, Sorento and Soul.
Source: Automotive News

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Is Chevy's Cruze Dulling the Spark of its Volt?
By Joseph B. White

The Chevrolet Volt plug-in hybrid is about to get a relaunch from General Motors Co., after skidding halfway to Flop City over the past several months. The problem with the Volt—touted as the future of the automobile—isn't just the recent scare over battery fires. It is competition from right across the dealer's lot. Advanced cars that offer marginal fuel savings for a lot more money up front aren't selling yet in significant volumes. The seven months' worth of unsold Volts tallied by Autodata Corp. as of Jan. 31 attest to the challenge.
Source: The Wall Street Journal

Related article

Opinion: For Hybrids and EVs, Hype Far Outpaces the Sales (Automotive News)

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Chrysler Dealer Council President Confident OEM Will Stay with Ally

Seeing a Wall Street Journal report saying Chrysler is in the midst of seeking a new bank alliance to provide services for the automaker’s captive finance arm didn’t cause David Kelleher to overreact. The Chrysler National Dealer Council president told Auto Remarketing he thinks the OEM is simply testing the financial waters and likely Chrysler will keep its relationship with Ally Financial. "Ally to me and so many dealers is a part of us," [Kelleher said]. "When we were at our lowest moment and there were no other banks that wanted to lend us a branch to row ourselves into the shore with, Ally was there."
Source: Auto Remarketing

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Why 2012 Might Be the Year to Buy a New Car

Out with the old, in with the new may very well be the motto for car buyers in 2012. New research shows that used-car prices will continue to rise this year while looser lending practices coupled with incentives aimed at new-car buyers are likely to usher in an era that's more friendly toward those looking to replace their old wheels with new ones. And new cars will be flying out of showrooms like they haven't in several years, according to NADA. The organization predicts 13.9 million new cars will be sold this year -- 1 million more than in 2011.
Source: MSN Autos

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Auto Dealer Places Winning Bid on ADESA Motorcycle Auction at NADA Convention

Funds to benefit NADA Charitable Foundation program in support of the Wounded Veterans Initiative of Canine Companions

Massachusetts new-car dealer Barry Lundgren took home a 2010 Harley-Davidson Softail Deluxe FLSTN thanks to his winning bid of $18,750 during a live auction at the NADA Convention and Expo in Las Vegas last Sunday. The motorcycle was donated by ADESA, which runs auctions throughout North America. “My passion has been collecting classic cars, but I have just begun collecting vintage motorcycles with a purchase of a 1969 BMW R69S,” said Lundgren, who along with his brother Patrick has owned and operated Lundgren Honda of Auburn and Lundgren Honda of Greenfield in Massachusetts since 1987.  “Actually, I was not in the market for another Harley, but was moved by [injured military veteran] Bren Denney’s story and the impact his dog, Stefano, has had on his life,” added Lundgren, who was in Las Vegas for the NADA convention from Feb. 3-6.
Source: NADA Newsroom


ADESA presents the NADA Foundation with $18,750 raised at a live motorcycle auction held during the NADA convention in Las Vegas Feb. 5. Pictured (l-r):
Peter Kelly, president and CEO of OPENLANE; Paul Lips, executive vice president of operations and finance for ADESA; Mrs. Pat McCarthy; Bren Denney of CCI; and NADA Foundation Chairman Bob Mallon. Denney's service dog, Stefano, is in the foreground.

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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. For more information, visit www.nada.org.

 
Quotable
"It is only right to give back."

   
-- Massachusetts new-car dealer Barry Lundgren, who took home a Harley-Davidson Softail Deluxe with a bid of $18,750 during ADESA's live auction at the NADA convention in Las Vegas last Sunday. The proceeds went to the NADA Charitable Foundation, NADA Newsroom, Feb. 10




NADA - National Automobile Dealers Association

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