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Inside this issue
SAAR Soars in 'a Breakout Month'
Used-Car Drought Relief? Next Year
G.M. Again Pauses Production of Chevy Volt
Ford Expects to Boost M.P.G. of U.S. Vehicles 20% by 2020
Could Hackers Seize Control of Your Car?
Drive, E-mail, Surf, Tweet, Post ... Too Much?
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
SAAR Soars in 'a Breakout Month'

Sustainable? You bet, say execs and analysts
The really good news in last week's way-better-than-expected February sales report: It was no fluke. The rest of 2012 looks nearly as strong, and carmakers and their suppliers are nicely positioned to take advantage of the surge in demand. U.S. new-vehicle sales jumped 16 percent to 1.15 million in February. The 15.1 million selling rate was the highest since February 2008 and was up from 14.2 million in January. It was a month in which everything seemed to go right. Even soaring gasoline prices were a plus, seeming to boost sales instead of curb them. Consumer credit is flowing, inventories are rising, and new models are streaming into showrooms. Throw in mild weather and an extra sales day because of leap year and you had a SAAR to die for.
Source: Automotive News

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Used-Car Drought Relief? Next Year

ADESA expects another shallow vehicle pool in '12
The tight supply of used vehicles promises to squeeze sales at ADESA Auctions Inc. again this year. But the CEO of its parent, KAR Auction Services Inc., said he expects business to improve in 2013. "I believe 2012 is the trough year and the steepest volume declines are behind us," CEO Jim Hallett said during the company's fourth-quarter conference call.
Source: Automotive News

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G.M. Again Pauses Production of Chevy Volt

General Motors said on Friday that it planned to halt production of the Chevrolet Volt for five weeks beginning later this month because dealers had more than they needed. The suspension, which will result in temporary layoffs for 1,300 workers at the Detroit plant that builds the Volt, is another troubling sign for the plug-in hybrid, whose sales fell short of G.M.’s targets in 2011.
Source: The New York Times

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Ford Expects to Boost M.P.G. of U.S. Vehicles 20% by 2020

Ford will increase the fuel economy of its U.S. vehicles at least 20% by 2020 -- a goal aided by the launch of a Focus rated at 105 m.p.g., the company's top vehicle-development executives said Friday in Dearborn. Overall, Ford will use new technologies, lightweight materials and various levels of electrification, said two Ford executives, Derrick Kuzak, the company's retiring global product development boss, and his successor, Raj Nair. The company expects its upcoming electric Focus compact to be the most fuel-efficient five-passenger vehicle in America.
Source: Detroit Free Press

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Could Hackers Seize Control of Your Car?

When car companies begin exhibiting at mobile phone shows, it's a sign that the "connected" vehicle has truly arrived -- allowing us to take our digital lives with us as we hit the highway. But while Ford's unveiling of its latest car at Mobile World Congress -- a major cell phone industry event -- this week may have heralded a new automotive age, it also heightens fears that our technology-crammed cars could be hijacked by hackers. Just like our PCs and smartphones, the computerized components that have infiltrated almost every aspect of modern vehicles could potentially be broken into, experts say. Only, with a car, this could have far more dangerous consequences.
Source: CNN

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Drive, E-mail, Surf, Tweet, Post ... Too Much?

Stakes high in distracted-driving debate
In-car voice commands may keep your eyes on the road. But do they keep your head in the game? Even though voice-command technology is increasingly popular and regulators tacitly supported hands-free phoning in February in their proposed guidelines to combat distracted driving, the future of the connected car is far from settled.
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. For more information, visit www.nada.org.

 
Quotable
"When you look at the equity that people have in their current vehicles, and the improved credit availability and the low cost of financing, absolutely that's [what] makes it a great time to buy a car."

   
-- Don Johnson, General Motors' U.S. sales chief, who said consumers will adjust to high fuel prices and added that the continued high value of used cars will help finance down payments on new vehicles, Automotive News, March 5



NADA - National Automobile Dealers Association

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