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Inside this issue
How is the Dealer Workforce Faring?
Automakers Work to Capture Market Share With Year-End Deals
Volvo CEO Sees No Big Sales Rebound in 2013
Toyota to Pay $17.35 Million in Fines for Delayed Defect Reporting
Hyundai, Kia to Accept MPG Claims Through '13
NADA: Post-Sandy Demand Helps Moderate Used-Vehicle Depreciation in November
GM Idles Chevy Malibu Plant, Tries to Clear Glut
Let the Pickup Smack-Down Begin
Car Dealer Brightens Holidays for Auburn Kids in Need
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
How is the Dealer Workforce Faring?

If findings shared by NADA University on Monday are any indication, the outlook on workforce stability at the nation's dealerships is a relatively solid one. The education and training arm of the National Automobile Dealer Associated has released the 2012 Dealership Workforce Study Industry Report, which was put together in partnership with Northwood University and examines employee compensation, benefits, retention/turnover and hours of operation/work schedules at car and truck dealerships. The report offers an overall analysis of the 2012 Dealership Workforce Study results, including data for each region of the country. Northwood is celebrating 50 years of partnership with NADA, and this project commemorated that anniversary
Source: Auto Remarketing

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Automakers Work to Capture Market Share With Year-End Deals

Automakers are vying to win various annual sales crowns while dealerships are trying to achieve both year-end and month-end goals, a confluence of events that's good for car shoppers, said auto analyst Tom Libby of R.L. Polk & Co.
Source: The Los Angeles Times

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Volvo CEO Sees No Big Sales Rebound in 2013

Volvo Cars is expecting roughly flat sales next year but has no plans at present to cut more staff in its production, CEO Hakan Samuelsson said. Asked in an interview with Swedish newspaper Dagens Industri if the company was budgeting for sales of 400,000 to 410,000 cars next year, roughly on par or slightly below this year's level, Samuelsson said: "Yes, we are expecting something in that order of magnitude. "That is the level where we see the market bottoming out," he was quoted as saying in the business daily's Tuesday edition.
Source: Reuters

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Toyota to Pay $17.35 Million in Fines for Delayed Defect Reporting

The U.S. Transportation Department said Tuesday that Toyota Motor Corp. has agreed to pay $17.35 million in civil fines for failing to report safety defects to regulators within five days as required by law. The Transportation Department announced the action on its website, and said the penalty was the maximum allowed by law. This is the second time since 2010 that Toyota has agreed to pay fines for failing to report vehicle defects to U.S. regulators as required by U.S. laws.
Source: The Wall Street Journal

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Hyundai, Kia to Accept MPG Claims Through '13

Hyundai Motor Corp. and Kia Motors will allow owners of vehicles with overstated gas mileage ratings until at least the end of 2013 to register for compensation, the automakers told a key U.S. senator. The Korean automakers — which are controlled by the same conglomerate — told Sen. Jay Rockefeller, D-W. Va., chairman of the Commerce Committee, in recent letters they will compensate dealers for taking part in the program and won't make owners waive their legal rights to participate.
Source: The Detroit News

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NADA: Post-Sandy Demand Helps Moderate Used-Vehicle Depreciation in November

Used-vehicle prices for cars and light-trucks up to 8-years-old were buoyed by Hurricane Sandy, resulting in stronger than expected prices in November. “Prior to Sandy, we expected used-vehicle prices to drop by 2.1 percent in November. But the impact of the storm and the continuing tight supply of late-model vehicles plus strong demand slowed depreciation to 1 percent,” said Jonathan Banks, executive automotive analyst with the NADA Used Car Guide. November's prices were within NADA's post-storm estimate—an improvement of 0.5 to 1.5 percent or $155 higher on average than projected prior to the hurricane. NADA predicts that the boost in used-vehicle demand caused by Sandy will also result in stronger prices in December. Click here for the December edition of Guidelines.
Source: NADAFrontPage.com

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GM Idles Chevy Malibu Plant, Tries to Clear Glut

General Motors has idled the primary U.S. assembly plant that makes the Chevrolet Malibu for nearly three weeks amid swollen inventories of the mid-sized sedan. GM's Fairfax, Kansas, plant was closed last week and will remain idled this week to allow Malibu demand to catch up with inventory levels, union sources said.
Source: Automotive News

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Let the Pickup Smack-Down Begin

Even in the hubris-filled auto industry, it can be tough to get executives to publicly talk smack. Ask a leading question about a rival's latest entry and the best you can hope for usually is a generic, delicately worded put-down. But the elbows get a little sharper when it comes to full-sized pickups. That was hammered home Friday with word from Reuters that Ford will show a sneak peek of its next-generation F-150 at the Detroit auto show, in a not-so-subtle move to blunt the debut of General Motors' redesigned pickups.
Source: Automotive News

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Car Dealer Brightens Holidays for Auburn Kids in Need

If you have a Facebook account, you can help Auburn's young people this holiday season. This month, for every “Like” on its Facebook page, Lundgren Honda of Auburn [Mass.] will donate $1 to Auburn Youth and Family Services. The car dealership at 163 Washington St. will send up to $2,500 to the community organization.
Source: Auburn Daily Voice

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Quotable
"This is a groundbreaking report packed with data and trends information that will give dealers a much clearer picture of how they stack up against their competition and the entire industry in terms of attracting and retaining top talent."

   
-- Ted Kraybill, DeltaTrends president and founder, commenting on the 2012 Dealership Workforce Study Industry Report by NADA University and Northwood University, Auto Remarketing, Dec. 18



 


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