View Mobile Version | View Web Version

SPONSORED BY
Advertisement
NADA.org
May 24, 2012 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Toyota Pushes Past GM (Again) to Become the World's No. 1 Carmaker
Auto Dealers: Higher Emission Standards Will Lower Car Sales
Auto-Loan Delinquency Rates Plunge
Dealers Hurt as Consumers Keep Used Cars Longer
Prof Teaches Shocking Truth about F and I Regs
Alternative Powertrains Can't Survive Without Government Help, Experts Say
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Toyota Pushes Past GM (Again) to Become the World's No. 1 Carmaker

The seesaw battle between General Motors and Toyota for global sales leadership just tipped in Toyota’s direction again. Figures from the company show Toyota sold 2.49 million vehicles in the first quarter, putting it ahead of GM with 2.28 million, according to Agence France Presse.
Source: Forbes

[back to top]

Auto Dealers: Higher Emission Standards Will Lower Car Sales

The lobbying group for automobile dealerships is contesting a claim by a consumer group that higher fuel standards for cars will lead to happy drivers. Instead, the McLean, Va.-based National Automobile Dealers Association said Wednesday the Obama administration's proposed fuel economy standard of 54.5 miles per gallon will lead to less drivers because few people will be able to afford cars. "If you increase the price of a car, fewer people are going to be able to qualify for a loan. It's as simple as that," NADA spokesman Bailey Wood told The Hill Wednesday.
Source: The Hill

[back to top]

Auto-Loan Delinquency Rates Plunge

Auto-loan delinquency rates in the United States have fallen to their lowest point in at least a dozen years, according to risk management firm TransUnion. The percentage of borrowers who are at least 60 days past due on their vehicle payments fell to 0.36 percent in the first quarter of 2012, TransUnion says. That's the lowest rate since the firm started reporting the data in 1999.
Source: Automotive News

[back to top]

Dealers Hurt as Consumers Keep Used Cars Longer

Auto sales have yet to fully recover from the economic downturn and dealers say they are facing a stubborn obstacle: Your used car is working just fine. For years the auto industry has counted on car owners wearing out or tiring of their current rides and buying new. But owners are holding onto their cars much longer now, in part because cars last longer than they used to. “If you think about the market, if you don’t have enough new cars, you add a third shift at the factory and production goes up,” said Paul Taylor, chief economist for the National Automobile Dealers Association. “If you’re out of used cars, you’re stuck.”
Source: The Boston Globe

[back to top]

Prof Teaches Shocking Truth about F and I Regs

There's a shocking amount of paperwork that must be filled out exactly right for each finance and insurance transaction. And there are even more shocking consequences for getting it wrong. Northwood University is helping aspiring auto dealers and managers deal with the assault head-on. Students come in "thinking it's so simple," says Julie Becker-Myers, 34, director of automotive systems technology at the Northwood campus in Midland, Mich. “A lot of our students are sons and daughters of dealers, and so they've been around dealerships,” [said Becker-Myers] “But the biggest issue -- they're so surprised by this every time -- is all the regulations, every issue that can come up that can really get you in trouble.”
Source: Automotive News 

[back to top]

Alternative Powertrains Can't Survive Without Government Help, Experts Say

Researchers, executives and consumers agree more government influence is needed to push alternative powertrains to the forefront, a major consumer shift that is unlikely to be realized for another four decades. Hybrids, electric vehicles and other atypical engines account for only a small percentage of current new-car and truck demand, with only 152,911 alternatively powered light vehicles having been sold in the U.S. so far this year, according to WardsAuto data.
Source: WardsAuto

[back to top]

More Articles

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 cars on the road right now are the best they've ever been."

    -- Ernie Boch Jr., whose sales network includes 10 dealerships in Massachusetts, The Boston Globe, May 23


 

NADA - National Automobile Dealers Association

Videos

 AutoFocus: NADA Chairman Bill Underriner Discusses New Alliance with J.D. Power That Focuses on the Security of Dealer Data


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

 More Videos
Chairman's Column
Facility Upgrades: 'Your Voice Is Being Heard'
Foundation News
It's a Family Affair for Delaware Dealer's Annual Giving from the NADA Foundation's Ambassador Program
Marketplace
NADA Mobile App for iPhone and iPad

Save More Than 30% on an HP Bundle


May Brings Big Savings from Lenovo
AdvertisementAdvertisement 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .