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Inside this issue
Help Dealership Employees Affected by Hurricane Sandy
Most East Coast Dealers Reopen, Face Gas Rationing
Sandy Spurs Toyota, Honda, Chrysler to Scrap Vehicles
Last Chance for Early-Bird Discount to Attend NADA/J.D. Power Conference in Los Angeles
Mitsubishi CEO Masuko Vows Automaker Will Remain in U.S. Market
Suzuki's Split with VW May Have Forced its Hand in the U.S.
Hyundai May Lose $100M in MPG Case
Some Car Shoppers Suffer From Info Overload
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Help Dealership Employees Affected by Hurricane Sandy


Dealers who are looking for ways to help the victims of Hurricane Sandy are urged to contribute to the Emergency Relief Fund of the National Automobile Dealers Charitable Foundation. The Emergency Relief Fund provides assistance to dealership employees affected by the storm. “The need is great,” said Bob Mallon, chairman of the NADA Foundation. “We’re off to an encouraging start. We’re seeing state and metro dealer associations across the country, as well as individual dealers, start to contribute to the campaign. Last week, the National Automobile Dealers Association pledged $1 million. Since 1992, the Emergency Relief Fund has provided nearly $5 million to more than 7,700 dealership employees.
Source: NADAFrontPage.com

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Most East Coast Dealers Reopen, Face Gas Rationing

Many dealerships along the battered Eastern Seaboard are coming back online, some with limited operations, though, following Hurricane Sandy more than a week ago. Close to 100 percent of New Jersey's new-car dealerships were back up and open Monday, but about 30 percent of them were operating without electricity, Jim Appleton, president of the New Jersey Coalition of Automotive Retailers, estimated. About one or two dozen dealerships in the state had severe damage and are unable to service vehicles, Appleton said, but are open for sales.
Source: Automotive News

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Sandy Spurs Toyota, Honda, Chrysler to Scrap Vehicles

Toyota Motor Corp., Chrysler Group LLC, Nissan Motor Co. and Honda Motor Co. plan to scrap about 15,000 vehicles damaged by Hurricane Sandy as automakers and dealers continue assessing the storm’s impact. Nissan alone estimates more than 6,000 Nissan and luxury Infiniti brand cars and light trucks are “un-saleable” because of the storm, Travis Parman, a company spokesman, said late yesterday. Including used autos and those of individual owners, as many as 200,000 may have to be replaced, said Larry Dixon, senior analyst for the National Automobile Dealers Association. “Total vehicles affected may be about one-third of what we saw with Hurricane Katrina, and that was about 600,000” used and new vehicles, Dixon, based in McLean, Virginia, said in a phone interview. “We don’t see replacement demand starting to accelerate until we’re into December.”
Source: Bloomberg

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Last Chance for Early-Bird Discount to Attend NADA/J.D. Power Conference in Los Angeles

Auto industry professionals planning to attend the 2012 Western Automotive Conference in Los Angeles on Nov. 27 are encouraged to register by this Friday, Nov. 9, to take advantage of the early-bird registration discount. Registration also includes a complimentary media day pass for the Los Angeles Auto Show. The conference, hosted by NADA and J.D. Power and Associates, will be held at the historic Biltmore Hotel. The all-new event – held on the eve of Media Days at the auto show – will be packed with valuable information focusing on the critical issues and solutions impacting current and future automotive operations. The half-day conference begins with a group luncheon. Keynote speakers include Jim Lentz, president and CEO of Toyota Motor Sales, U.S.A.; NADA Chairman Bill Underriner; John Mendel, executive vice president of American Honda Motor Co.; Mark Del Rosso, chief operating officer of Audi of America; and Peter Hoffman owner of Sierra Autocars in Monrovia, Calif., and many others. Click here to register.
Source: NADAFrontPage.com

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Mitsubishi CEO Masuko Vows Automaker Will Remain in U.S. Market

Suzuki Motor Corp.'s withdrawal from the U.S. auto market leaves struggling Mitsubishi Motor Corp. as the Japanese automaker with the fewest U.S. sales. But Mitsubishi President Osamu Masuko today reiterated his commitment to the U.S. market, denying any plan to follow Suzuki's retreat. "We have no intention whatsoever of withdrawing from the U.S. market," Masuko told Automotive News in an interview today. "The U.S. market is a very important market."
Source: Automotive News

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Suzuki's Split with VW May Have Forced its Hand in the U.S.

It's a small stumbling block, in the mountain of problems plaguing beleaguered Suzuki Motor Corp. in America. But its ugly fallout with partner Volkswagen made it even more untenable for Suzuki to keep selling cars in the United States.
Source: Automotive News

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Hyundai May Lose $100M in MPG Case

Hyundai Motor Corp. and its Kia Motors unit's decision to revise downward its North American fuel economy estimates and reimburse owners for gasoline will cost the Korean automaker $100 million, Moody's Investors Service says.
Source: The Detroit News

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Some Car Shoppers Suffer From Info Overload

Most people go online as soon as they decide to buy a new vehicle, spending an average of 16 weeks shopping for models before visiting a dealership. Four out of five Americans use the Internet to car-shop and research. They consider it an important activity, but not necessarily an enjoyable one. Many people complain about information overload, according to a J.D. Power survey.
Source: WardsAuto

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NADA Foundation Mobilizes Relief Fund to Assist Victims of Hurricane Sandy





Quotable

"We're off to an encouraging start. We're seeing state and metro dealer associations across the country, as well as individual dealers, start to contribute to the campaign."

   
-- Bob Mallon, chairman of the NADA Foundation, commenting on the fund-raising efforts to assist the victims of Hurricane Sandy, NADAFrontPage.com, Nov. 7

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