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Inside this issue
Consumers Pay If Fuel Economy Rules Are Not Delayed, NADA Warns
Automakers Press for Some Changes to Fuel Rules
Toyota Refilling Dealer Stocks
Saab Dealers Driving to Maserati With Unfolding Bankruptcy
Akio Toyoda: Toyota's Comeback Kid
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Consumers Pay If Fuel Economy Rules Are Not Delayed, NADA Warns

Better understanding of how consumers will react to higher prices and technology needed, NADA says

In comments filed late Monday with the Obama administration, the National Automobile Dealers Association (NADA) raised serious concerns about proposed fuel economy rules for Model Year 2017-2025 passenger cars and light trucks. NADA issued the following statement:

“From NADA’s analysis, more than 6 million drivers will no longer qualify for financing if $3,000 (National Highway Traffic Safety Administration estimate) is added to the price of a 2025 vehicle due to fuel economy mandates. NADA estimates that the actual cost to consumers will be much closer to $5,000. Even for those who can afford the price hike will avoid the substantial upfront cost and will choose a pre-owned car or truck or simply hold onto their current vehicle longer. Either way, real energy security and environmental gains will not be realized if consumers do not buy or cannot afford to put these new technologies on the road. The federal proposal goes too far, too soon and too fast. It consistently underestimates the actual cost to car buyers and how they will react to the proposed MY17-25 fuel economy mandates. Dealers support increased fuel economy standards as long as the improvements leverage, not fight, consumer demand. NADA urges the administration to put these rules on hold until there is a better understanding of how consumers in 2025 will react to these price increases and technology changes.” Click here for NADA's comments.
Source: NADA Newsroom

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Automakers Press for Some Changes to Fuel Rules

Automakers asked the Obama administration Monday to make modest changes to a proposed boost in fuel efficiency standards for the 2017-2025 model years and to allow the use of some credits to meet requirements as early as this year. The Alliance of Automobile Manufacturers — the trade association representing Detroit's Big Three automakers, Toyota Motor Corp. and eight other automakers — wants carmakers to receive some credits for improving air conditioning, high efficiency lights, active grill shutters and start-stop technology to meet the 2012-2016 requirements. Monday [was] the deadline for filing comments after the Obama administration granted automakers' request for a two-week extension.
Source: The Detroit News

Related articles

 New Vehicles' Fuel Economy Hits Record (Detroit Free Press)
 Energy Groups Seek Incentives for Natural Gas Vehicles Under CAFE (Environment & Energy News)

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Toyota Refilling Dealer Stocks

After months of inventory shortages triggered by last year's earthquake, Toyota dealers should return to full volumes within a few weeks. Carl Swope, chairman of the Toyota National Dealer Advisory Council, said competitors have "misread" Toyota capacity levels stemming from parts shortages. "The challenges have been inventory shortages, but we are backfilling and will be full speed ahead by March," said Swope, who also owns dealerships selling Chrysler, Dodge, Jeep, Nissan, Hyundai and Mitsubishi in Elizabethtown, Ky.
Source: Automotive News

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Saab Dealers Driving to Maserati With Unfolding Bankruptcy

The bankruptcy of Saab Automobile has left the carmaker’s 900 dealers around the world scrambling to reinvent themselves, sometimes in creative ways. Tom Backes, general manager at Guilford Saab in Connecticut, is considering trading in his sensible Saab wagons and sedans for the racier world of Maserati, the luxury brand owned by Fiat SpA, which is expanding its U.S. dealer network. He has also approached Mitsubishi. Saab’s uncertain future has allowed the likes of Volkswagen AG’s Seat and Mitsubishi Motors Corp. the opportunity to swoop in and nab experienced dealers with a loyal clientele. “We’re absolutely interested in talking to Saab dealers,” said Ake Lundberg, head of Seat in Sweden.
Source: Bloomberg

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Akio Toyoda: Toyota's Comeback Kid

When the final tally was made for 2011, Toyota Motor, formerly the world's largest automaker, slipped to third place in production behind General Motors and Volkswagen. At the head of the company all this time has been a young president who was effectively born into the job and has little experience in crisis management: Akio Toyoda, the grandson of the company's founder. Thrust into the presidency in 2009, he immediately had to cope with a global recession, massive recalls, and a deadly tsunami.
Source: Fortune

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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
"The federal proposal goes too far, too soon and too fast. It consistently underestimates the actual cost to car buyers and how they will react to the proposed MY17-25 fuel economy mandates."

   
-- NADA, in comments filed late Monday with the Obama administration, raising serious concerns about the proposed fuel economy rules, NADA Newsroom, Feb. 14
 



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