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Inside this issue
Analysts: Car Sales to Keep Rising
N.A. Production Almost Back to Normal, But it's Not Business as Usual
Govs to Promote Auto Issues
How Engines Will Get Smaller, More Efficient
Consumers Want 4-Year Payback on Green Cars, Ford Says
Former NADA Director George Miller Dies at 66
Minivans: Less Uncool Again?
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Analysts: Car Sales to Keep Rising

Slight economic growth, pent-up consumer demand drive forecast

Economists see a continued upswing for U.S. car and truck sales over the next several years, with some forecasts flirting with 17 million in annual sales — a figure not seen in more than a decade. U.S. vehicle sales in 2012 got off to a swift start, but several forecasters have revised — slightly downward — their estimates for the year as the economy has softened a bit. "I'm convinced we'll see 14 million units, and I'm convinced we'll get over that, but how far over that remains to be seen in this economy," said Paul Taylor, chief economist for the National Automobile Dealers Association.
Source: The Detroit News

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N.A. Production Almost Back to Normal, But it's Not Business as Usual

Vehicle production in North America is gradually returning to pre-recession levels, but suppliers won't be able to return to business as usual. Automakers are expected to produce 17.4 million vehicles in North America in 2016, up from a likely 14.3 million units this year, said Michael Robinet, a managing director of IHS Automotive Consulting, based in suburban Detroit. But automakers are producing more and more "world cars" in North America -- a trend that strongly favors big global suppliers, Robinet said.
Source: Automotive News

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Govs to Promote Auto Issues

4 states' bipartisan leaders unite; Snyder to discuss caucus today

A bipartisan group of four governors, including Michigan Gov. Rick Snyder, is forming an auto caucus to support policies aimed at boosting the U.S. auto industry. Snyder will unveil the National Governors Auto Caucus today, in a speech at the Center for Automotive Research's annual Management Briefing Seminars at Grand Traverse Resort.
Source: The Detroit News

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How Engines Will Get Smaller, More Efficient

Automakers say they will squeeze much more efficiency from the internal combustion engine. For instance, they will use excess heat to warm engine lubricants more quickly to reduce friction. Better transmissions will reduce friction, and turbocharging and direct injection will boost power from small engines.
Source: Automotive News

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Consumers Want 4-Year Payback on Green Cars, Ford Says

About 1 in 4 car buyers is willing to pay extra for a fuel-efficient powertrain if the investment can be recouped in four years or less, a senior Ford executive said. That discovery, backed by consumer research, has helped Ford develop a useful blueprint for rolling out electric vehicles, plug-in hybrids and other fuel-efficient powertrains, said Joe Bakaj, Ford Motor Co.'s vice president of powertrain engineering.
Source: Automotive News

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Former NADA Director George Miller Dies at 66

George Lawrence Miller, 66, of Winchester, Va., died Sunday, Aug. 5, 2012. He was the president and CEO of Miller Auto Group serving for 48 years. He began with a motorcycle and automobile franchise in 1964. Mr. Miller was the National Automobile Dealers Association director for West Virginia for 15 years, treasurer from 1997 to 1999; NADA Finance Committee member for four years; NADA Used Car Guide Committee member for six years and served as a member on NADA Government Relations, Convention, Membership, Dealer Operations and Industry Relations Committees. Memorial contributions may be made to Blue Ridge Hospice, 333 W. Cork St., Suite 405, Winchester, VA 22601 or NADA Charitable Foundation, 8400 Westpark Drive, McLean, VA 22012.
Source: The Journal (Martinsburg, W.V.)

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Minivans: Less Uncool Again?

It may not be the fastest vehicle on the road or offer the latest in high-tech design but the humble family hauler is becoming cool again. "You have had a lot of high-mileage minivans out on the road, and now as those shoppers look around they find that minivans still have a lot of appeal to their active family life," said Paul Taylor, chief economist of the National Automobile Dealers Association. The suburban stigma is also fading, he says. "People are less sensitive about driving minivans and the minivans of today are better looking than they were 10 years ago," Mr. Taylor said.
Source: The Wall Street Journal

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Quotable
"I'm convinced we'll see 14 million units, and I'm convinced we'll get over that, but how far over that remains to be seen in this economy."

   
-- Paul Taylor, NADA chief economist, referring to sales predictions for 2012, The Detroit News, Aug. 8


 




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