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Inside this issue
NADA Supports Bill to Eliminate Obsolete Mandate That Requires NHTSA to Distribute Insurance Data Booklets to Dealers
Romney Takes Credit for Auto Rebound and Critics Howl
Floorplan Woes No Longer Floor Car Dealers
Ford to Boost Factory Output by 40,000 Vehicles
Subaru Parent Signals Plans to Boost North American Capacity
NADA, J.D. Power Team Up for a New Automotive Conference in Los Angeles
Cadillac Plans Broad Dealer, Consumer Support for Infotainment System
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Supports Bill to Eliminate Obsolete Mandate That Requires NHTSA to Distribute Insurance Data Booklets to Dealers

Legislation introduced Tuesday in the U.S. House of Representatives repeals an obsolete mandate that requires the National Highway Traffic Safety Administration (NHTSA) to print and distribute an insurance report to more than 17,500 new-car dealerships across the country, which is mailed through the U.S. Post Office. The “Relative Collision Insurance Cost Information” booklet sought to provide car buyers with insurance data on the cost of repairing new vehicles. Under a 1972 law, NHTSA is required to collect, prepare, print and distribute the report to new-car dealerships. Dealers are required to provide it to their customers upon request. NADA, in a recent survey of 815 of its members, found that 96 percent of dealers reported that none of their customers had ever asked to see the booklet. NHTSA has been publishing the booklet since 1991. “The reality in dealer showrooms needs to be recognized,” said NADA President Phil Brady. “This government mandate should be eliminated.”
Source: NADA Newsroom

Editor's note: NADA is urging dealers to help build support for H.R. 5648, the Owens-Harper Obsolete Mandate bill, by asking their U.S. Representatives to cosponsor the legislation. The U.S. Representatives' offices can be reached through the Capitol Switchboard at (202) 225-3121.

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Romney Takes Credit for Auto Rebound and Critics Howl

Mitt Romney lobbed a bomb Monday. And today he felt the political blowback. The Republican presidential candidate who vehemently opposed the government-led bailouts of Chrysler and General Motors three years ago, went on a Cleveland TV station Monday to take credit for the auto industry's turnaround. What's more, he claims that President Obama, in sending the two failing automakers through bankruptcy, was simply doing as Romney had advocated. Romney's exact words: "I pushed the idea of a managed bankruptcy, and finally when that was done, and help was given, the companies got back on their feet. So, I'll take a lot of credit for the fact that this industry has come back." U.S. Sen. Debbie Stabenow, D-Mich., had this to say in response to Romney’s claims: "I was in the middle of the fight to save our American auto industry jobs and I can assure you, Mitt Romney was of no help when we needed it.”
Source: Automotive News

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Floorplan Woes No Longer Floor Car Dealers

It’s not just auto consumers who are gaining greater access to credit, in contrast to an icy reception a few years ago. Auto dealers also are finding it easier to get so-called floorplan lending for their wholesale purchases of vehicle inventories. That is in contrast to the credit freeze of 2008 and 2009, when many dealers were left out in the cold, unable to find lenders willing to accommodate anyone but the most creditworthy.
Source: WardsAuto

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Ford to Boost Factory Output by 40,000 Vehicles

Rising car and truck sales have prompted Ford Motor Co. to add a week of production at 13 North American factories so the company can make another 40,000 vehicles this year. Ford said Tuesday that it would cut in half the normal two-week summer shutdown at six assembly plants and seven engine and parts plants.
Source: The Associated Press

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Subaru Parent Signals Plans to Boost North American Capacity

Subaru parent company Fuji Heavy Industries Ltd. today signaled plans to expand its manufacturing capacity in North America while it lowered its long-term global sales targets. The company also said it no longer expects to start building cars in China as part of a five-year growth plan that runs until March 2016, and lowered its annual global sales target for that period by 50,000 vehicles. Fuji Heavy said it would add capacity at factories in the United States and Japan by a combined 45,000 vehicles per year by mid-2014, and would consider further expansion in North America beyond the mid-term plan.
Source: Automotive News

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NADA, J.D. Power Team Up for a New Automotive Conference in Los Angeles

The 2012 Western Automotive Conference, hosted by the Los Angeles Auto Show, will be held at the Biltmore Hotel on November 27.
Automotive industry executives planning to attend press days at the Los Angeles Auto Show in late November now have a good reason to arrive a day earlier. NADA in partnership with J.D. Power and Associates announced Tuesday the creation of the Western Automotive Conference, which will be held at the Biltmore Hotel on Nov. 27, 2012. Press days at the auto show run from November 28-29. “Southern California is home to several international auto manufacturers and NADA represents thousands of new-car dealerships on the West Coast, so it makes a lot of sense to have our industry event in their backyard,” said Forrest McConnell, chairman of NADA’s Industry Affairs Committee and president of McConnell Honda in Montgomery, Ala.
Source: NADA Newsroom

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Cadillac Plans Broad Dealer, Consumer Support for Infotainment System

GM grabs page from Apple's Genius Bar tech-support program
General Motors is taking a page from Apple's Genius Bar tech-support program as its Cadillac brand rolls out a new infotainment system. GM is requiring Cadillac dealers to designate two employees as certified CUE specialists -- one in sales, the other in service -- as experts to walk customers through the system known as the Cadillac User Experience, or CUE. GM also plans to hire 25 service representatives that it will scatter across its largest markets to field questions from both dealers and customers.
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
"The reality in dealer showrooms needs to be recognized. This government mandate should be eliminated."

   
-- NADA President Phil Brady, referring to NADA's support of repealing an obsolete mandate that requires NHTSA to print and distribute an insurance report to new-car dealerships across the country, NADA Newsroom, May 9
 

 

NADA - National Automobile Dealers Association

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