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Inside this issue
Auto Sales to Really Take Off This Summer?
Auto Industry Boosts Turbocharger Sales to Save Gas
How the Indianapolis 500 Helps Chevrolet's Fuel Economy
Chrysler Keeps Dodge Caravan; Production of Town & Country to End
Hailstorm in Kentucky Won't Affect Launch of New Ford Escape
GM Prepares to Make Chevy, Manchester United Announcement
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Auto Sales to Really Take Off This Summer?
By Phil LeBeau, CNBC Correspondent

If Memorial Day weekend is any indication, automakers and dealers could be gearing up for their best Summer since 2008. I’m not usually one to make predictions, but the optimism in the auto industry is palpable. Sure, the economy could always throw a wrench into things. With that said, what might we expect for the Summer?
Source: CNBC.com

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Auto Industry Boosts Turbocharger Sales to Save Gas

The auto industry is turbocharging the sales of cars with turbochargers. The little devices, which use otherwise wasted exhaust gases to help engines breath better, increasing performance and fuel economy, will slow up an estimated 3.2 million new vehicles this year, according to Honeywell Turbo Technologies. That's up from 2.2 million last year.
Source: USA Today

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How the Indianapolis 500 Helps Chevrolet's Fuel Economy
By Rebecca Lindland, Contributor

The automotive industry is facing very stringent fuel economy and emissions standards in the U.S. and the rest of the world, and one of the solutions to the fuel economy question is smaller yet more powerful engines. While the general public rarely associates fuel economy with car racing and motorsports, the reality is that GM sees an immediate and significant symbiotic relationship between engine technology developed for racing and meeting the fuel economy challenge.
Source: Forbes.com

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Chrysler Keeps Dodge Caravan; Production of Town & Country to End

Chrysler Group LLC plans to kill the Chrysler Town & Country minivan, but will continue production of the Dodge Caravan, according to sources familiar with the situation. The company already announced that it would produce only one of the vehicles, which share a common architecture, going forward. But Chairman and CEO Sergio Marchionne had previously suggested the Caravan would be the one getting the bullet in 2014.
Source: The Detroit News

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Hailstorm in Kentucky Won't Affect Launch of New Ford Escape

The launch of the all-new 2013 Ford Escape will not be affected by a hailstorm near the Louisville Assembly Plant and none of the damaged vehicles will be sold as new vehicles, said Ford spokesman Todd Nissen. Northern Kentucky was hit by a storm with damaging hail April 28, and Ford is still confirming how many vehicles were affected.
Source: Detroit Free Press

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GM Prepares to Make Chevy, Manchester United Announcement

General Motors Co., the carmaker that said it will stop advertising on Facebook and in the Super Bowl, is preparing to make a marketing announcement between its Chevrolet brand and Manchester United Ltd.’s soccer team. The world’s largest automaker has invited reporters to a announcement by Chevrolet and Manchester United in Shanghai on the evening of May 31. Joel Ewanick, GM’s chief marketing officer, will subsequently hold a briefing at the company’s Detroit headquarters about a Chevrolet global sports marketing initiative.
Source: Bloomberg

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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 trend of rising prices for used cars will reverse course in June because of declining gasoline prices combined with a normal seasonal slowdown in consumer demand for used cars."

   
-- Jonathan Banks, senior analyst with the NADA Used Car Guide, The Detroit News, May 30
 

 

NADA - National Automobile Dealers Association

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