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Inside this issue
Push For Vehicle GHG Rule Delay
Dealers Stock More, But Days' Supply Fall
Low Interest Rates, High Resale Values Fuel Auto Leasing Rebound
Japan Automakers Are Back, a Year after Disaster
As Gas Prices Soar, New Cars Get Record Gas Mileage
Ford Goes Out on a Limb With New Reality Show
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Push For Vehicle GHG Rule Delay

Two auto and truck dealer organizations are urging EPA to stall its pending model year 2017-2025 vehicle greenhouse gas (GHG) rules, citing their new analysis finding major errors in EPA's predicted cost and technology impacts for the agency's non-GHG emission rules for trucks. EPA and the Department of Transportation (DOT) proposed in December a second round of vehicle GHG and fuel economy rules for model year 2017-2025, after finalizing an initial rule covering model years 2012-2016. The final rule is expected this fall. But NADA attorney Doug Greenhaus said on a March 8 conference call that EPA should “take a breather” from the pending light-duty vehicle rule “until there is a clearer understanding of how consumers will react to the increased prices and vehicle changes caused by the” existing vehicle GHG and fuel economy rules.

NADA and the American Truck Dealers claim the model year 2017-2025 proposal repeats the errors of the truck emission rules for model years 2004-2010, also promulgated a decade in advance, by making too many guesses about consumer preferences, price impacts and technology, citing a study released March 8 that the groups say bolsters their arguments. The study, “A Look Back At EPA's Cost and Other Impact Projections For [Model Year] 2004-2010 Heavy-Duty Truck Emissions Standards,” finds that the EPA truck rules resulted in substantially higher prices for commercial vehicles than the agency estimated, depressed sales and delayed environmental benefits.
Source: Inside EPA (subscription required)

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Dealers Stock More, But Days' Supply Fall

Although the 2,685,839 new light vehicles on U.S. dealers lots at the end of February were up more than 143,000 from January, that wasn’t enough to keep pace with the month’s increased selling rate. As a consequence, month-end days’ supply dropped to a slightly below-normal 59, about even with prior-year’s 60 but down from 67 at the end of January.
Source: WardsAuto

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Low Interest Rates, High Resale Values Fuel Auto Leasing Rebound

A perfect storm in the leasing business recently blew a new GMC pickup into Roger Cade's driveway. "I wasn't really in the market for a new truck," said Cade, 58, who lives on a ranch outside Terrell, Texas. "But it made it possible for me to consider a vehicle that was $10,000 more than the one I had previously." Leasing roared back to life last year, fed by an ideal -- and unusual -- combination of low interest rates and high trade-in values. Leases also guarantee that dealers will get vehicles back in two or three years -- lightly used late-model cars and trucks that they can put directly onto their lots. "We will see more two- and three-year leases, and that means we'll see more fresh cars returning off lease," said Paul Taylor, chief economist of the National Automobile Dealers Association. "That's good for the industry."
Source: McClatchy/Tribune

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Japan Automakers Are Back, a Year after Disaster

Nissan is back, one year after an earthquake and tsunami in northeastern Japan ground auto production to a halt, left giant cracks at a key factory and killed five employees and 17 family members. It's a story of surprising recovery that's playing out at other Japanese automakers, but particularly at Nissan. Chief Executive Carlos Ghosn called it "miraculous" on Friday ahead of the disaster's anniversary, crediting hard work at his company.
Source: The Associated Press

Editor's note: Ghosn is the keynote speaker at the NADA/IHS Automotive Forum 2012, “Defining Success in the Automotive Industry: Staying Competitive in an Uncertain World,” in New York City on April 3. The New York International Auto Show is hosting the forum. To register or find out more about the one-day forum, visit www.autoforumny.com. And follow the forum on Facebook (www.facebook.com/AutoForumNY) and Twitter (https://twitter.com/#!/AutoForumNY). The hashtag is #NADAIHS.

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As Gas Prices Soar, New Cars Get Record Gas Mileage

Gas prices may be heading to a record high, but so is the average gas mileage of new vehicles bought in the U.S. The average mpg for all new vehicles bought by Americans in February was a record 23.7, according to researchers at the University of Michigan Transportation Research Institute. And that average is based on the more real-world EPA "combined" ratings for mixed city and highway driving -- not the much-advertised and often much higher rating for highway-only driving.
Source: USA Today

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Ford Goes Out on a Limb With New Reality Show

Ford Motor has created a lot of buzz with its interactive marketing campaigns, but its latest effort is almost beyond belief: a new prime-time reality TV series on NBC. “Escape Routes,” which will air on Saturdays at 8 p.m. on NBC starting March 31, features a cast of six teams of two competing in a series of “real-world” challenges during a road trip to major cities. But let’s be honest: the real “star” of the show is the redesigned 2013 Ford Escape, which goes on sale in June.
Source: Forbes

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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
"Rushing to set new standards [several years in advance] will forego the opportunity to learn how customers react to the aggressive new standards that are just now being put into place."

   
-- NADA Vice Chairman Dave Westcott, speaking on a conference call Thursday, following the release of an NADA-ATD study that questions the EPA's cost analysis of 2004-2010 emissions control mandates, Heavy Duty Trucking, March 9



NADA - National Automobile Dealers Association

Videos

  2012 NADA Chairman Bill Underriner Discusses Proposed Fuel Economy Rules during Convention Speech (NADA-TV)

  Industry Consultant Glenn Mercer Provides Results of Facilities Study (NADA-TV)

  2011 NADA Chairman Stephen Wade Delivers Convention Keynote Address (NADA-TV)

  Colorado’s Mike Shaw Named TIME Dealer of the Year (NADA-TV)

  NADA Foundation Supports Wounded Veterans Initiative (NADA-TV)

  Chrysler’s Marchionne Addresses NADA Convention Audience (NADA-TV)

  NADA Leadership Meets with Automaker Execs on Expo Floor (NADA-TV)

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Chairman's Column
Next Up: Industry Leaders Focus on NADA/IHS Automotive Forum in NYC 

Car Buyers Need More Information to Understand, Appreciate Fuel Economy Benefits 

Three Reasons to be Optimistic about 2012 Sales
Foundation News
Kansas Auto Dealer Creates Scholarship Fund through NADA Foundation's Ambassador Program

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

NADA Foundation Supports Wounded Veterans at Convention


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