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Inside this issue
North Carolina Auto Dealer David Westcott to Lead NADA in 2013
Former Secretary of Defense Robert M. Gates, Hyundai's John Krafcik and Astronaut Mark Kelly to Headline 2013 NADA Convention
China-Japan Dispute Could Give Big 3 Boost
Lincoln's 2013 MKZ Hybrid Tops in Fuel Economy
1 Study Says Feds' Cost Estimate Is Low
Obama's $5 Billion Slow to Charge Electric Car Purchases
NADA UCG's Banks: Drop in Incentives Leads to Stronger Used Prices
These Three Systems Can Keep Your Teen Driver Safe
Rare 1903 Ford Model A Sells at Auction for $264K
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
North Carolina Auto Dealer David Westcott to Lead NADA in 2013



Westcott

NADA has elected David W. Westcott as chairman and Forrest McConnell, III, as vice chairman for 2013. Westcott, owner of David Westcott Buick GMC Suzuki in Burlington, N.C., has been a new-car dealer since 1981. He currently represents North Carolina’s new-car dealers on NADA’s board. “To be elected chairman of NADA is the highest honor I have ever achieved professionally,” Westcott said. “I am excited about representing the new car and truck dealers in America next year.” Westcott and McConnell will take office at the 2013 NADA Convention and Expo in Orlando, Fla., which runs Feb. 8-11.
Source: NADAFrontPage.com

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Former Secretary of Defense Robert M. Gates, Hyundai's John Krafcik and Astronaut Mark Kelly to Headline 2013 NADA Convention



Gates


Krafcik


Kelly

Former Secretary of Defense Robert M. Gates, who will discuss global politics and U.S. foreign policy, joins a lineup of industry and inspirational keynote speakers at the 2013 National Automobile Dealers Association Convention and Expo in Orlando, Fla., next February. Gates served as the 22nd Secretary of Defense from 2006-2011 under both President Barack Obama and former President George W. Bush. The only secretary of defense in U.S. history to be asked to remain in that office by a newly-elected president, Gates has served eight U.S. presidents. Industry keynote speakers at the NADA convention include John Krafcik, president and CEO of Hyundai Motor America; NADA Chairman Bill Underriner, a new-car dealer in Billings, Mont.; and incoming NADA Chairman David Westcott, a new-car dealer in Burlington, N.C. Captain Mark Kelly, space shuttle commander of Endeavour's final mission and husband of former Congresswoman Gabrielle Giffords, will deliver an inspirational address. For more information or to register, visit www.nadaconventionandexpo.org.
Source: NADAFrontPage.com

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China-Japan Dispute Could Give Big 3 Boost

Detroit automakers have a chance to claim a larger share of China's auto market as a result of a territorial dispute between Japan and China. The two Asian nations are jostling over islands in the East China Sea, which Japan nationalized last month but also are claimed by China. The hostility has brought on calls to boycott Japanese goods in China. Detroit's Big Three — General Motors Co., Ford Motor Co. and Chrysler Group LLC — are among a handful of carmakers that could pick up market share lost from Japanese automakers. GM and Ford had record September sales in China, the world's fastest-growing auto market, due in part to the dispute.
Source: The Detroit News

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Lincoln's 2013 MKZ Hybrid Tops in Fuel Economy

Ford's luxo-nameplate announced Monday morning that the hybrid version of the 2013 MKZ had been rated by the EPA at 45 mpg in the city, highway and combined. This mpg rating means the MKZ Hybrid is the most fuel-efficient luxury car available and is a much-needed arrow for Lincoln's quiver in its fight against Lexus.
Source: The Los Angeles Times

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1 Study Says Feds' Cost Estimate Is Low

According to one estimate, the average U.S. vehicle could cost consumers about $5,000 more as a result of changes made to meet fuel-economy standards that go into effect in 2025 -- twice the cost estimated by the federal agencies that wrote the rules. The figure is contained in a report by Scenaria Inc., a consulting unit of Austrian engineering and research company AVL Group. The likely sticker price of a vehicle will increase by $5,112 on average in order for automakers to meet the new rules, the report says. The National Highway Traffic Safety Administration, one of the agencies that wrote the rules, has calculated a cost increase of $2,556 per vehicle by the 2025 model year. Scenaria President Sandy Stojkovski says the government estimates are not based on real-world technology costs.
Source: Automotive News

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Obama's $5 Billion Slow to Charge Electric Car Purchases

President Barack Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. Electric-vehicle sales since 2011 totaled fewer than 50,000 through September, just 5 percent of the president's target. When the Volt was introduced in 2011, GM required each Chevrolet dealer to keep one on their lots for promotional purposes, said Michael Martin, a Manassas, Virginia, dealer who's on the board of the National Automobile Dealers Association. Martin, who sold 14 Volts last year, said they sometimes attract buyers who end up purchasing lower-priced small cars. “We've had good interest in the car,” he said. “Obviously it's a little pricey when you start looking at comparable gas-powered products, especially in the Chevrolet line.”
Source: Bloomberg

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NADA UCG's Banks: Drop in Incentives Leads to Stronger Used Prices

Automakers have pulled back significantly on new-vehicle incentives in the last three years, and this has subsequently led to a nice lift in prices on the used-car side, says NADA Used Car Guide senior analyst Jonathan Banks in the latest entry to his Used Car & Truck Blog. Citing numbers from Autodata Corp., Banks noted that average incentive spending per vehicle has dropped about 10 percent following the end of the recession in 2009. More specifically, average incentive spending in 2009 was at $2,781 per vehicle. So far in 2012, it has averaged $2,493, nearly $300 less than the figure from three years ago.
Source: Auto Remarketing

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These Three Systems Can Keep Your Teen Driver Safe

Automakers are starting to use technology to make sure parents can keep their young drivers safe behind the wheel. It's easy to see why parents are constantly worried as soon as a teen gets hold of the car keys. In 2010, more than 4,500 young drivers were involved in fatal car crashes, according to the National Highway Traffic Safety Administration. But three systems from leading automakers could make a difference.
Source: Cars.com

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Rare 1903 Ford Model A Sells at Auction for $264K

One of the oldest surviving cars sold by Ford Motor Co. was auctioned for $264,000 this weekend in Hershey, Pa. The original 1903 Ford Model A Rear Entry Tonneau, a model sold from July 1903 to March 1904, sold for less than half of its 2007 auction value of $630,000, according to RM Auctions. Carlton Pate III, a collector of antique cars and author of "Pate's Early Ford Automobile Encyclopedia," said the winning bid was a more reasonable price compared to the price paid in 2007.
Source: The Detroit News

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Quotable
"I'm looking forward to working with all dealers, large and small, to keep our industry growing and prospering."

   
-- North Carolina auto dealer David Westcott, who will begin his term as NADA chairman in 2013, NADAFrontPage.com, Oct. 16


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NADA Chairman Bill Underriner will discuss the state of the retail-auto industry at the Automotive Press Association luncheon in Detroit on Tuesday, Oct. 23. Underriner will discuss opposition to stair-step incentive programs and the latest developments concerning factory-mandated dealership upgrade programs. A recent NADA facilities study found no evidence that facility improvements result in any sales gains, either short term or long term. It's a point of contention between some dealers and some manufacturers.


 


 

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