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Inside this issue
U.S. Fiat Dealers to Get More Products to Sell Shortly
$30 Billion Customizing Business Is Up for Grabs
Fuel Economy Declines in June
Jeep Flagship Refined, Capable
Ford's C-MAX Hybrid to Take on Toyota's Prius
Dealer: So Long, Saab Sales; Hello, Parts and Service
Jerry Seinfeld to Launch Car Show
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
U.S. Fiat Dealers to Get More Products to Sell Shortly

U.S. Fiat dealers eager for more products to fill their showrooms are to get some relief soon. On Wednesday, Fiat revealed a concept version of a Fiat 500X crossover in Italy. Fiat plans to begin production of the 500X in December 2013 as part of an expansion of its Mirafiori plant in Turin to build 280,000 small crossovers a year, according to Automotive News.
Source: Detroit Free Press

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$30 Billion Customizing Business Is Up for Grabs

Some dealers take on aftermarket rivals while others stay on the sidelines

Manufacturers from Audi to Subaru want to capture the consumer spirit for personalization. The aftermarket is booming with business for custom wheels, tinted windows, electronics, lighting and interiors. But the natural link between the two -- the new-vehicle dealer -- isn't quite so zealous about it.
Source: Automotive News

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Fuel Economy Declines in June

Americans are buying slightly less fuel-efficient vehicles as gas prices fall and demand for SUVs and pickups climbs. The University of Michigan Transportation Research Institute said average fuel economy of new vehicles sold in the U.S. in June was 23.6 mpg, down 0.1 mpg from May and down 0.5 mpg from the peak in March, "likely reflecting the continuing reduction in the price of gasoline."
Source: The Detroit News

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Jeep Flagship Refined, Capable

Those who thought sport utility vehicles were going the way of the dodo were wrong. SUVs haven't died off amid higher gasoline prices. To the contrary, Jeep's flagship SUV, the Grand Cherokee, just posted its best June sales in the United States since 2005 and is up 38 percent so far this year from the year-ago period, when sales already rose impressively from 2010.
Source: The Associated Press

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Ford's C-MAX Hybrid to Take on Toyota's Prius

Ford Motor Co. and its new C-MAX Hybrid are looking to go head-to-head with Toyota's Prius, and the Dearborn automaker says it will soon one-up Toyota's Prius v. Ford said Thursday its C-MAX Hybrid is projected to achieve a fuel-efficiency of 47 city miles per gallon, three miles per gallon better than the Prius v. And Ford said the car will debut at a $1,300 discount compared to the Japanese automaker's hybrid.
Source: The Detroit News

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Dealer: So Long, Saab Sales; Hello, Parts and Service

With brand's demise, Boston retailer hopes to tap orphaned owners

Dealer Ray Ciccolo, owner of the oldest Saab store in the country, is not giving up on the defunct brand just yet. Ciccolo is expanding his Saab service and parts operations at a time when most Saab dealers are winding down theirs. "If a customer trades in a Saab, someone else is going to buy it and they'll need service," says Ciccolo, president of Village Automotive Group in Boston. "So that's our goal: We're going to be the go-to Saab dealership for the Northeast."
Source: Automotive News

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Jerry Seinfeld to Launch Car Show

Jerry Seinfeld is a Porsche guy in the purest sense of the word. The New York-based comedian owns such rarities as a 1973 Porsche 911 RSR and a 1949 Gmuend Porsche....  [Seinfeld] has created an Internet show ... called Comedians in Cars Getting Coffee, [which] launches July 19 at 9 p.m. EDT. According to Richard Greenfield, an analyst for BTIG Research, distribution will be solely via Seinfeld’s new website, the Crackle channel via YouTube and Crackle.com.
Source: Forbes

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Quotable
"It's the fashion business. And just like fashions in clothes, vehicle accessory fashion changes rapidly and unpredictably."

  -- Peter MacGillivray, SEMA vice president, referring to the business of customizing or personalizing vehicles estimated at $30 billion a year in the U.S., Automotive News, July 2




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