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Inside this issue
How TrueCar's Yahoo! Deal Failed
Car Dealers Driven to Spruce Things Up
NADA Economist Points to Key Boost to Economy from Housing
A Fast-Changing Segment is the Industry's Hottest
VW Needs Boost in U.S. to Reach Global Sales Goals
Sales Show U.S. Drivers Slow to Embrace All-Electric Vehicles
Toyota Camry Beats Ford F-150 as Most 'American Made'
Jeep Goes Patriotic With Special Wrangler for GI's
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
How TrueCar's Yahoo! Deal Failed

Portal opens for dealers and others

In the burgeoning world of automotive lead generators, Scott Painter was going to break out from the pack. The serial entrepreneur placed a huge bet late last year when he agreed to pay $50 million a year to Internet portal Yahoo! for his TrueCar.com to become the exclusive automotive partner of Yahoo! Autos. But that exclusive deal was scrapped last week by both parties, and Yahoo! is opening up to multiple partners. Since the deal began Jan. 1, TrueCar's traffic actually plunged as the company ran into trouble with dealer associations and some state regulators and cut its own consumer advertising. Now Yahoo! says it is opening Yahoo! Autos to "multiple dealers and third parties," including a button to TrueCar. Dealers and the factories, meanwhile, are beefing up their own Web sites to reduce their reliance on third-party lead generators. Car shoppers swiftly migrated to the Web, but the battle over which kind of Web site is far from over.
Source: Automotive News

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Car Dealers Driven to Spruce Things Up

Bill Kelly spent $250,000 sprucing up his auto dealership in Moon [Pa.] to meet Chrysler’s specifications when the automaker’s future was in question. He ordered the standard updated archway for entrances, hired crews to paint the exterior and replaced ... signs inside and outside the building.... Kelly’s investment was minimal compared to that of some dealers, who are demolishing and rebuilding showrooms and enlarging waiting lounges and repair areas. The prescribed renovations can cost millions. Some dealers say they understand that manufacturers want to boost consumers’ confidence, but they don’t necessarily think investing in “cookie cutter” storefronts will improve sales, according to a recent study by NADA. Bill Underriner, who sells Buick, Honda, Hyundai and Volvo vehicles in Billings, Mont., and is the NADA’s current chairman, said he can’t recall another time in his 28 years as a dealer when manufacturers have so aggressively pushed dealer makeovers. Underriner would like the automakers to relax some standards, and provide fairer payments. “The programs are all over the board,” he said, with some manufacturers putting cash toward the work, some providing more cars and some offering nothing.
Source: Pittsburgh Tribune-Review

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NADA Economist Points to Key Boost to Economy from Housing

NADA Chief Economist Paul Taylor says that “current average stability of housing prices in the U.S. is one more pillar of strength for growth in light vehicle sales for the rest of the year.” Taylor has consistently pointed to the housing market as the essential factor that will underpin a long term and sustainable recovery in new car demand. “Low interest rates and real GDP growth of over 1.8 percent should be enough to keep this modest rate of improvement going,” says Taylor.
Source: AutoRetailNet

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A Fast-Changing Segment is the Industry's Hottest

Lower fuel prices, attractive incentives and a batch of eye-catching, redesigned models here and just around the corner are lighting a fire under mid-sized car sales.
Source: Automotive News

Related Story

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VW Needs Boost in U.S. to Reach Global Sales Goals

If Volkswagen AG Chairman Ferdinand Piech and his protégé, CEO Martin Winterkorn, hope to consolidate VW's position as the world's largest automaker by 2018, American consumers will need to buy a lot more new Volkswagens, Audis and Porsches.
Source: Automotive News

Related Story

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Sales Show U.S. Drivers Slow to Embrace All-Electric Vehicles

All-electric vehicles that you plug-in overnight are a tough sell with drivers afraid of becoming stranded with few charging stations in operation across the nation. Consumers want hybrids that combine gas with battery power, like the Toyota Prius, or that plug in but have a backup gas tank, like the Chevrolet Volt.
Source: Detroit Free Press

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Toyota Camry Beats Ford F-150 as Most 'American Made'

Once again, Cars.com has come to the counter-intuitive conclusion that the Toyota Camry is the most American of all cars -- more U.S. sourced parts, U.S. manufacture and U.S. sales. It was the fourth straight year that the Camry came in tops in the "American-made" survey.
Source: USA Today

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Jeep Goes Patriotic With Special Wrangler for GI's

Of all the vehicles out there, few have their roots directly in the armed forces, especially now that the Hummer is gone from showrooms. So as memories of Fourth of July fireworks start to fade, it's only appropriate that Jeep rolls out a special model aimed at honoring service members.
Source: USA Today

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Quotable
"The programs are all over the board, with some manufacturers putting cash toward the work, some providing more cars and some offering nothing."

   
-- NADA Chairman Bill Underriner, referring to factory-mandated dealership upgrade programs, Pittsburgh Tribune-Review, July 7




NADA Data 2012

Videos

 NADA Creates Task Force to Address Concerns on Facility Upgrades and Stair-Step Pricing Programs (AutoFocus)

 NADA Chairman Outlines New Initiatives on Factory-mandated Facility Programs (AutoFocus)


 Audi Partners with NADA University to Train Dealership and Company Staff

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