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Inside this issue
Report: Employment at New-Car Dealerships Up 4.6% in 2011
Opinion: The Ill Effects of Stair-Steps
Used-Vehicle Prices Fall Slightly
GM May Use Diesels in Light-Duty Pickups
No Elegant Technical Fixes for Distracted Driving
Hosts of 'Car Talk' to Retire After 35 Years of Automotive Banter
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Report: Employment at New-Car Dealerships Up 4.6% in 2011

There were 933,500 workers employed at U.S. new-car and truck dealerships in 2011, a 4.6 percent increase from the previous year, said Paul Taylor, NADA chief economist. The findings were released today as part of NADA Data 2012, the association’s latest state-of-the-industry report on dealership financial trends. The increase in the number of employees occurred as the number of dealerships, which had declined in recent years, continued to stabilize. In the first quarter of 2012, there was an increase of 66 dealerships on a net basis. “The arrival of new brands and new dealerships is a sign that even more vigorous competition is on the way in the U.S. vehicle marketplace,” Taylor said. "As new brands enter the U.S. market, the net dealership count may increase in future years of strong economic growth."

In 2011, the average new-car dealership employed 53 workers and had an annual payroll of $2.6 million. Dealerships also provided an average 14.5 percent of total retail payroll in their states in 2011. Taylor also noted that “franchised dealers are major employers as well as significant contributors to their communities’ economies, tax bases and civic and charitable organizations.” For the full report, visit www.nada.org/nadadata.
Source: NADA Newsroom

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Opinion: The Ill Effects of Stair-Steps
By Earl Stewart

In response to Keith Crain's May 28 column ("Bad habits are surfacing again"): We have concerns about the effects of stair-step incentives offered to dealers by some automakers. Among them Devaluing the brand; The temptation to cheat by "sandbagging"; Two-tiered pricing; and Difficulty doing business....
Source: Automotive News

Editor's note: Earl Stewart is owner of Earl Stewart Toyota of North Palm Beach in Lake Park, Fla.

Related Article

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Used-Vehicle Prices Fall Slightly

Used-vehicle values are falling but will remain high, analysts predict. After five months of price increases, used vehicles up to 8 years old will decline in price this month, and prices of some fuel-efficient used cars will drop by as much as 5 percent, NADA Used Car Guide predicts. But even with the erosion, overall prices are high and will remain so, says Larry Dixon, an analyst with the NADA guide. Those elevated prices mean consumers have considerable equity in their vehicles, which is important when they trade them in for new ones.
Source: Automotive News

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GM May Use Diesels in Light-Duty Pickups

General Motors is considering a diesel engine for light-duty versions of its redesigned full-sized pickups. GM North America President Mark Reuss said in an interview that a diesel is among the options for the next-generation Chevrolet Silverado and GMC Sierra, which are due in showrooms next spring.
Source: Automotive News

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No Elegant Technical Fixes for Distracted Driving

When does a smartphone make you dumb? When you're driving. Dialing or texting on a phone is a proven distraction when you're behind the wheel. And as "smart" as today's phones are, they can't compensate for human folly. Phone makers and software developers are making a valiant effort to create elegant technical solutions, but, try as they might, they've yet to solve the problem of distracted driving.
Source: The Associated Press

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Hosts of 'Car Talk' to Retire After 35 Years of Automotive Banter

After 35 years of weekly broadcasts and some 12,500 calls, [Tom and Ray Magliozzi, the hosts of the public-radio hit “Car Talk,”] announced on Friday that they are retiring. “As of October, we’re not going to be recording any more new shows,” Tom, 74, wrote in a CarTalk.com column written with Ray, 63, who added, “We’ve decided that it’s time to stop and smell the cappuccino.”
Source: The New York Times

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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

"Consumers will find that the trade-in values of their car will be less in June than it was in May or April, but values are still at historical highs."

    -- Larry Dixon, an analyst with the NADA Used Car Guide, Automotive News, June 11




NADA Data 2012

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