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Inside this issue
NADA Seeks Data on Renovation Payback
N.A. Production Will Slash Toyota Imports
Europe's Auto Woes Unsettle Detroit 3 Carmakers
Low Interest Rates Prod Spending
Luxury Brands Still Lagging In American Auto-Sales Recovery
Tansky Expansion Goes Green and Serene
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Seeks Data on Renovation Payback

In the three months since a National Automobile Dealers Association study concluded that manufacturer facility renovation programs cost too much and produce uncertain results, NADA leaders have hopscotched the country meeting with factory executives, seeking more data and appealing for slowdowns in the programs. ... the association will tackle two of the major issues on its own: the payback for dealers who invest in facility renovations, and the question of what kind of facilities will be needed in 2020 and beyond as consumers increasingly turn to the Internet for car shopping. Dealers are still clamoring for that kind of help, making facility concerns the association's top issue for the second year in a row, NADA leaders say.
Source: Automotive News

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N.A. Production Will Slash Toyota Imports

Several of Toyota's top-selling U.S. vehicles that are built both in North America and Japan soon will be produced exclusively in North America, the company's top U.S. executive said. Building Camrys, Corollas and other volume products in factories around the world has given Toyota the flexibility to allocate vehicles to regional markets.
Source: Automotive News

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Europe's Auto Woes Unsettle Detroit 3 Carmakers

Despite the Detroit Three's collective first-quarter profit of $3.2 billion, shares of Ford and General Motors have plunged to their lowest level since December, plans for Chrysler's initial public offering seem like a distant rumor and the potential loss to U.S. taxpayers when the government unwinds its stake in GM is swelling. The reason is more complicated than one word, but "Europe" is a good place to start. The European auto industry is suffering the kind of meltdown that happened in the U.S. in late 2008 and 2009.
Source: Detroit Free Press

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Low Interest Rates Prod Spending

Federal data show that the average American household is saving about $3,000 this year on interest payments on everything from home and auto debt to credit cards. And that subtle boost is giving people more money to spend in the short run, even in the face of renewed questions about the job market and economic recovery. It’s not only the low interest rates, but also “some relief from gasoline prices that had been rising that will help consumers over the next several months,” said Paul Taylor, chief economist for the National Automobile Dealers Association.
Source: The Tennessean

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Luxury Brands Still Lagging In American Auto-Sales Recovery

The drama quotient has been rising in the U.S. luxury market this year as Lexus began scrapping to regain its sales crown, BMW and Mercedes-Benz jockeyed for the current pole position, and Infiniti launched a product that is important to Nissan’s upscale brand. But this whirlwind can’t obscure a significant fact: Luxury brands still are bringing up the rear in the U.S. auto-sales recovery.
Source: Forbes

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Tansky Expansion Goes Green and Serene

When Diana Garber crunched the feng-shui numbers, it was clear to her that something was out of whack with the Rt. 161 entrance to Tansky Sawmill Toyota in Dublin [Ohio]. The energy flow was way off. “And when people drove in, they went straight toward a wall of the building, and that blocked off even more energy,” said Garber, a Sunbury [Ohio] resident and feng-shui expert who runs Intuitive Concepts.
Source: The Columbus Dispatch

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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
"Return on investment is the most important thing here, because we have to go to banks to borrow this money."

   
-- NADA Chairman Bill Underriner, referring to the next steps of an analysis on factory-mandated dealership renovation programs, Automotive News, May 7
 

 

NADA - National Automobile Dealers Association

Videos
 
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Chairman's Column
NADA: Factory-Mandated Dealership Renovation Programs Must Be Fair, Reasonable and Flexible
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