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Inside this issue
AutoFocus: NADA Chairman Bill Underriner Discusses Next Steps for Facility Image Study
Carmakers OK Plan to Speed Resin Substitute
GM CEO: I'll Stay Until 'the Board Has Had Enough of Me'
Nissan Sees Yen as '1,000-Pound Gorilla' Curbing Sales
Thousands of Auto Experts to Discuss Industry's Future at SAE World Congress in Detroit
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
AutoFocus: NADA Chairman Bill Underriner Discusses Next Steps for Facility Image Study

When looking at the return-on-investment of factory-mandated dealership renovations programs, a “first-of-its-kind” study commissioned by the National Automobile Dealers Association indicates there’s no solid data that new-car dealers would sell one more vehicle by investing $1 million in the dealership. “That was the bottom line of the study,” said NADA Chairman Bill Underriner, in a recent interview on AutoFocus with David Hyatt, a public affairs talk show recorded in Studio One at NADA headquarters in McLean, Va. “We commissioned that [study] last year with Glenn Mercer, a former partner with McKinsey and Company. He’s a consultant who really knows his way around the auto industry. This was an objective, fact-based study.”

Automakers have had mixed reactions to the findings of the study, said Underriner, a new-car dealer in Billings, Mont., who says the No. 1 issue for NADA today is facility mandates. So far, the NADA leadership has met with 12 manufacturers to discuss the study. “It was all over the board. We had some manufacturers that said maybe we ought to slow down the process a little bit and take a look at this,” he said. “We’ve had other manufacturers that were farther down the road ... but were 85 percent complete with [their] facility planning. We had some that said that’s a great idea. We haven’t started our facilities planning yet, but we’ll take it into consideration.”

Underriner added that the next step for NADA is to include a discussion of the facilities study at the upcoming round of Dealer Attitude Survey meetings with 30 auto manufacturers. To view the AutoFocus interview, click here. For the full report, click here.
Source: NADA Newsroom

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Carmakers OK Plan to Speed Resin Substitute

A group of automakers including Ford Motor Co., Chrysler Group LLC and General Motors, agreed Monday to a process to speed the use of alternative materials in place of a key resin that may soon be in short supply. Supply of the resin, PA-12 or nylon-12, was jeopardized after a late March explosion at an Evonik Industries AG chemical plant in Marl, Germany. The resin is used by automakers in coatings and fuel and brake systems.
Source: The Detroit News

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GM CEO: I'll Stay Until 'the Board Has Had Enough of Me'

General Motors Co. Chief Executive Dan Akerson on Tuesday said he will lead the company until "the board has had enough of me," and that he'd prefer his successor to come from within the company. For Mr. Akerson, who became CEO in the fall of 2010, the comments mark a more open-ended time frame on his potential tenure at GM. In the past he has said he would stay another two to three years.
Source: The Wall Street Journal

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Nissan Sees Yen as '1,000-Pound Gorilla' Curbing Sales

Nissan Motor Co. said sales at Japan’s second-biggest automaker may reach 10 trillion yen ($123 billion) this year depending on the strength of a currency Chief Executive Officer Carlos Ghosn compared with an over-sized ape. “There is a one-thousand-pound gorilla that’s unpredictable, which is going to be the level of the yen,” Ghosn said in an interview at the Beijing auto show yesterday. “All the Japanese car manufacturers are suffering from it, but for the rest of it, business is going very well.”
Source: Bloomberg

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Thousands of Auto Experts to Discuss Industry's Future at SAE World Congress in Detroit

About 12,000 auto engineers will meet in Detroit for three days, starting Tuesday, looking at the thorniest challenges facing the industry during the next decade: boosting fuel efficiency and improving safety of vehicles. The theme of the SAE 2012 World Congress at Cobo Center is "Get Connected." It symbolizes literal connections — such as those between vehicles, highway infrastructure, the Web and the nation's electrical grid — as well as those among engineers who are developing the next generation of vehicles.
Source: The Detroit 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
"In other industries, people slap you on the back. Here, everybody slaps you on the back, you just have to make sure there's not a knife in their hand."

   
-- General Motors Co. Chief Executive Dan Akerson, referring to the company's rivals in Detroit, The Wall Street Journal, April 24


 

NADA - National Automobile Dealers Association

Videos

 AutoFocus: NADA Chairman Bill Underriner Discusses Next Steps for Facility Image Study


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

 
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