View Mobile Version | View Web Version

SPONSORED BY
NADA.org
September 4, 2012 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Lenders to Dealers: We'll Take the Deal
Opinion: The Hidden Costs of CAFE Standards
Standards for Fast Charging Are Getting No Closer
Lincoln Network is Being Built
Hyundai Union Backs Pact, Ending a Prolonged Strike
China Gold Rush Loses its Luster
Batmobile? Herbie? What's Your Favorite TV or Movie Car?
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Lenders to Dealers: We'll Take the Deal

The credit crisis is SO over; money abounds today

After the collapse of credit in the recession, lenders have returned strongly to financing auto sales. The result is a return almost to prerecession levels of credit availability for prime consumers. Credit availability for subprime customers is way up but still not at prerecession levels.
Source: Automotive News

[back to top]

Opinion: The Hidden Costs of CAFE Standards
By Frank Beckmann

Obscured in the news of the Republican convention and Hurricane Isaac this week was the dream come true for the environmental crowd, activation of the new corporate average fuel economy standards from the EPA. Automakers will be forced to double the fuel efficiency of their vehicles to a fleet average of 54.5 miles per gallon by 2025. That may be good news for the Luddite, tree-hugging crowd, but it's bad news for American consumers. The new mandate, if it withstands review in 2017, will drive up car prices, eliminate some consumers from the market (thereby threatening auto industry jobs) and create vehicles that are lighter and less safe. Government estimates place the price increase at under $3,000, but a study released by the National Auto Dealers Association back in April claimed car prices will go up by about $5,000, based on today's prices. That, according to NADA, would eliminate as many as 7 million Americans — including many lower income consumers and young people — from the auto buyer's market because they won't qualify for loans.
Source: The Detroit News

Editor's note: Frank Beckmann is host of “The Frank Beckmann Show” on WJR-AM (760) in Detroit.

[back to top]

Standards for Fast Charging Are Getting No Closer

With a steady flow of battery-powered vehicles arriving in showrooms and charging infrastructure plans being announced almost daily, it would seem that the initial beachhead for electric vehicles is well established. Yet the prospects for long-distance travel by electricity continue to be limited. Until a mechanism for replenishing a car's batteries, either by charging them quickly or swapping them altogether, is in place, the appeal of electrics will be constrained.
Source: The New York Times

[back to top]

Lincoln Network is Being Built

Ford will start the process of building a dealer network for its Lincoln brand from scratch this month. The process is to take two years and will bring Lincoln to the China market in the second half of 2014. CEO Alan Mulally said last week that Lincoln would go international. In two years, Lincoln should be well into its slow reinvention in North America with plans to add a new vehicle a year over the next four years, starting with the MKZ in December.
Source: Detroit Free Press

[back to top]

Hyundai Union Backs Pact, Ending a Prolonged Strike

Hyundai Motor Co.'s labor union voted to approve a revised wage and working-conditions deal Monday, putting an end to prolonged strikes that have hurt sales at South Korea's biggest car maker. With inventories at record lows, Hyundai said its U.S. dealerships are having difficulty meeting demand.
Source: The Wall Street Journal

[back to top]

China Gold Rush Loses its Luster

McLarty sells dealerships amid slowdown

At April's Beijing auto show, the exuberance was palpable. Global automakers said China was on fire. China's golden luster has faded. Factories are running well below capacity, and vehicle prices, even for premium brands, are dropping.
Source: Automotive News

[back to top]

Batmobile? Herbie? What's Your Favorite TV or Movie Car?

Even if your own ride is a battered Honda Civic with no air-conditioning and a busted radio, you can appreciate the oh-so-cool cars of the movies and TV.
Source: MSNBC

[back to top]

More Articles
 
Quotable
"We are seeing recovery in the availability of credit for our customers."
 
   
-- Chris Holzshu, CFO of Lithia Motors, Automotive News, Sept. 3


 




NADA Data 2012

Videos

 Video: Batey Says GM Will Improve Communications with Dealers (AutoFocus)

 
 Registration for 2013 NADA Convention and Expo in Orlando is Now Open

 More Videos

Sponsored by 

NADA Convention
Six NADA Convention Hotels in Orlando Sold Out; Early-Bird Registration Ends Sept. 14 

Six out of 21 hotels reserved for the NADA Convention and Expo, Feb. 8-11, in Orlando, Fla., have sold out. They include the Westin, Hilton, Peabody, Embassy Suites, JW Marriott and Ritz-Carlton. The Rosen Center is nearly sold out. NADA members (dealers and managers) are encouraged to register by Sept. 14 to take advantage of early-bird registration rates (a $100 savings from the onsite rate) and book the hotel of choice. To register, visit www.nadaconventionandexpo.com.
Foundation News
Tennessee Auto Dealer Establishes Family Legacy of Giving through NADA Foundation
Marketplace
NADA Mobile App for iPhone and iPad

Save More Than 30% on an HP Bundle


Savings from Lenovo
 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .