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Inside this issue
Study: Disinterested 'Gen N' Market Will Slow Auto Sales
California Assembly Panel OKs Bill to Regulate Buy Here Pay Here Dealers
With F-150 Limited, Ford Raises the Ceiling, Again, on Premium Pickups
Strong Yen Dings Japan Car Exports
Sweden's Volvo Seeks to Build Vehicles in U.S.
NASTF Announces New Executive Director
Olympics Ad Blitz Will Cover Entire BMW Line
Click here for more auto industry news at NADAFrontPage.com. .
Lead Stories
Study: Disinterested 'Gen N' Market Will Slow Auto Sales

Unemployment and a disinterested younger generation will continue to drag down auto sales until at least mid-decade, according to a study released today by Southfield-based advisory firm AlixPartners LLP. There are 5 million fewer potential car buyers today than five years ago as baby boomers drive less, Millennials shun driving and unemployed consumers put their purchases on hold, according to the 2012 AlixPartners Automotive Outlook.
Source: The Detroit News

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California Assembly Panel OKs Bill to Regulate Buy Here Pay Here Dealers

Legislation to regulate the sale of high-mileage cars to credit-risky motorists breezed through a key committee of the state Assembly, despite growing opposition from so-called Buy Here Pay Here auto dealers. The bill by state Sen. Ted Lieu (D-Torrance) would cap interest rates on loans provided by the sellers at just over 17%. Currently, unregulated interest rates can run as high as 30%, Lieu said.
Source: Los Angeles Times

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With F-150 Limited, Ford Raises the Ceiling, Again, on Premium Pickups

Ford introduced its refreshed F-150 pickup truck for the 2013 model year earlier this month but withheld information about its range-topping variant until Tuesday. The 2013 Limited recalibrates the top end for the truck line, displacing the Harley Davidson edition as the most expensive F-150 available from the factory.
Source: The New York Times

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Strong Yen Dings Japan Car Exports

Japan's three largest auto makers are signaling plans to shift more production overseas to deal with the strong yen, moves that may mark the end of the country's role as one of the world's biggest auto export hubs.
Source: The Wall Street Journal

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Sweden's Volvo Seeks to Build Vehicles in U.S.

Volvo, the Swedish automaker owned by a Chinese manufacturer, wants to build vehicles in the U.S., Bloomberg News reports. And Italy's Fiat, which owns Chrysler, is one possibility.
Source: USA Today

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NASTF Announces New Executive Director

The National Automotive Service Task Force (NASTF) has named William (“Skip”) Potter as executive director. “After an extensive search process, the NASTF board selected Skip from an impressive list of candidates,” said Ron Pyle, NASTF chairman. “His background, knowledge and experience make him the ideal choice to take NASTF to the next level.”
Source: NASTF

Editor’s note: NASTF was established in 2000 to identify, communicate and resolve gaps in the availability and accessibility of automotive service information, service training, diagnostic tools, and equipment for the benefit of automotive service professionals and their customers. For more information, visit www.nastf.org.

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Olympics Ad Blitz Will Cover Entire BMW Line

BMW has begun releasing details of the splash it intends to make as official automotive sponsor of the Summer Olympics that start next month. The company not only will transport athletes, officials and VIPs around London in a fleet of 4,000 hybrid, diesel and electric-powered vehicles, it also plans an unprecedented TV advertising assault for the brand.
Source: Automotive News

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Quotable
"We are facing extreme volatility."

   
-- Nissan CEO Carlos Ghosn, referring to the wavering economic conditions in the U.S. and Europe, as well as the strong yen, which erodes the value of overseas sales for Japanese exporters, The Associated Press, June 26




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