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Inside this issue
Study: BMW Replaces Toyota as Most Valuable Global Car Brand
Execs See Hyundai/Kia, VW/Audi Likeliest Gaining Shares: Booz Survey
California Senate Passes Bill for Self-Driving Cars
Nissan Taps Hong Kong as Gateway to China
Car Dealers Give Back to Towns That Support Them
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Study: BMW Replaces Toyota as Most Valuable Global Car Brand

BMW has overtaken Toyota as the world's most valuable automotive brand, an annual ranking of the world's top brands shows. Mercedes-Benz, Volkswagen and Audi improved their brand value, according to the BrandZ Top 100 Most Valuable Global Brands study released by market research company Millward Brown today.
Source: Automotive News

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Execs See Hyundai/Kia, VW/Audi Likeliest Gaining Shares: Booz Survey

U.S. auto executives, surveyed by Booz & Co., named Hyundai and Kia, and Volkswagen and Audi, as the OEMs most likely to pick up share in the American market over the next five years. Of the poll of 200 senior executives of automakers and top-tier suppliers, 88 percent lent Hyundai/Kia their highest expectations for market share, and 72 percent cited Volkswagen/Audi.
Source: Forbes

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California Senate Passes Bill for Self-Driving Cars

A bill that would allow self-driving cars on California's roads has passed the California Senate. The bill, SB1298, sponsored by Sen. Alex Padilla (D-Pacoima), establishes guidelines for "autonomous vehicles" to be tested and operated in California. The bill now goes to the Assembly for consideration next month.
Source: Los Angeles Times

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Nissan Taps Hong Kong as Gateway to China

Nissan Motor Co.'s move to set up its global headquarters for its high-end luxury brand, Infiniti, in Hong Kong underscores the Japanese car maker's ambitions to boost its global sales of luxury vehicles in China and marks a triumph for Hong Kong over its longtime rival Singapore to attract foreign investment. It would be the first time Hong Kong has been selected for the headquarters of any car manufacturer.
Source: The Wall Street Journal

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Car Dealers Give Back to Towns That Support Them

Rohrich Automotive Group's parts warehouse in Beechview is an unlikely spot for a charity. Yet backpacks and piles of donated pajamas, school supplies and toys for children in foster care fill a second-floor room. Auto dealers often become important philanthropists in towns they serve. Their giving appears to be on the rise nationwide, after a drop during the industry slump three years ago, dealers and experts said. Though no one tracks numbers, it's common for regional dealers' organizations and families that have run auto lots and showrooms for generations to raise money for hospitals, colleges and organizations such as United Way, said Bob Mallon, chairman of the National Automobile Dealers Charitable Foundation and a retired Ford dealer in Tacoma, Wash.
Source: Pittsburgh Tribune-Review

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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 return of optimism we see really illustrates the potential of this industry, when you are able to align supply and demand ...."

   
-- Brian Collie, a partner with international consulting firm Booz & Co., referring to its study of auto industry executives on the state of the economy, Automotive News, May 22


 

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