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Inside this issue
Honda Forecasts Profit Will Double This Year
Toyota Rebounds but Encounters Stronger Rivals
Kia's Brash Marketing, Quirky Styling, Behind Gains
Mercedes Eager for U.S. Retailers in China
Opinion: Electric Car Sales Slow; Battle Comes Down to Volt or Leaf
The New Horsepower Race: Bigger, HD Dashboard Screens
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Honda Forecasts Profit Will Double This Year

Honda Motor Co. forecast it would double net profit to $5.86 billion this fiscal year, powered by strong demand in Asia and North America, as the auto maker snaps back from production disruptions after natural disasters in Japan and Thailand. "Our North American sales are recovering bit-by-bit, and in Asia—particularly China—we expect to grow faster than the overall market as we enter new segments," Executive Vice President Tetsuo Iwamura said at a news conference held on Friday.
Source: The Wall Street Journal (subscription required)

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Toyota Rebounds but Encounters Stronger Rivals

After grappling for three years with one disaster after another, Toyota Motor Corp. is back on track: It's boosting sales and output, bolstering its vehicle-development operations and ratcheting up the pressure on rivals. In the U.S., Toyota has regained its place among the top three players. It outpaced Ford Motor Co. and General Motors Co. in sales gains during the first quarter to capture a 14.5 percent share of the market — less than 2 percentage points behind GM.
Source: The Detroit News

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Kia's Brash Marketing, Quirky Styling, Behind Gains

Kia Motors America is finding it harder to operate under the radar these days. This year, the company known as the other Korean carmaker, likely will sell more than 500,000 cars and crossovers in the U.S. for the first time since entering the market in 1994.
Source: Detroit Free Press

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Mercedes Eager for U.S. Retailers in China

Joachim Schmidt, Mercedes-Benz's global sales chief, wants U.S. public dealership groups to take the plunge and enter China. But so far nobody seems willing. Like most foreign carmakers in China, Mercedes is setting up dealerships at a blinding pace. It has 214 and is adding a new dealership about every week. All are independently owned and operated.
Source: Automotive News (subscription required)

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Opinion: Electric Car Sales Slow; Battle Comes Down to Volt or Leaf
By Neil Winton

Count the number of electric cars you see on the way to work today, and that will give you a clue as how sales are going. You're not allowed to include the ones stranded by the side of the road with dead batteries.
Source: The Detroit News

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The New Horsepower Race: Bigger, HD Dashboard Screens

Automakers have discovered the big screens — not in movie theaters but in their cars — as a way of exciting tech-crazed customers. They're installing increasingly larger displays in new models as they roll out increasingly sophisticated infotainment and navigation systems.
Source: USA Today

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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
"We're confident our auto business will stay in the black due to robust sales growth in key markets."

   
-- Honda Motor Co. Executive Vice President Tetsuo Iwamura, who says the company's sales in North America and Asia are recovering from the production disruptions caused by the natural disasters in Japan and Thailand, The Wall Street Journal, April 29


 

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