View Mobile Version | View Web Version

SPONSORED BY
NADA.org
January 2, 2013 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Markets Rally After U.S. Fiscal Cliff Deal
Best Vehicle Sales Streak Since 1973 Boosts U.S. Dealers
U.S. New-Auto Registrations to Grow 6.6% in 2013, Polk Estimates
U.S. Rising as Production Base for Honda, Other Foreign Carmakers
Nissan's Ghosn Calls on Abe to Weaken Yen, Mend China Ties
Ford Focus Is Top-Selling Car Globally
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Markets Rally After U.S. Fiscal Cliff Deal

Markets breathed a huge sigh of relief today that U.S. lawmakers finally agreed on a budget deal that will stop hundreds of billions of dollars in automatic tax increases and spending cuts that risked plunging the world's biggest economy into recession. Stocks around the world started 2013 with hefty gains as investors welcomed the vote in the House of Representatives that made sure that the U.S. does not go over the so-called "fiscal cliff." Though longer-term fiscal problems remain and President Barack Obama will likely face more battles with the Republican-dominated House, investors were relieved that the biggest near-term stumbling block to the world economy has been cleared.
Source: The Associated Press

Editor’s note: In response to congressional action on the fiscal cliff deal, NADA Chief Economist Paul Taylor issued the following statement: “New-car dealers are pleased that most of their customers will be spared a large tax increase. New-car sales have been a boost to the economy, which would have been threatened by inaction of Congress resulting in both tax hikes and spending decreases. Congress has addressed the easier part of these two perils—not raising taxes on 96 percent of American workers. Now the difficult political battle begins—cutting government spending in the coming months as the debt ceiling needs to be extended. In the meantime, car and light truck sales continue to outperform most of the economy. With government spending cuts likely in future months, there will be a modest, expected decline in purchases of vehicles by federal and other levels of government, but not serious damage to the large bulk of consumer purchases of cars and light trucks as the economy continues to grow. A return to recession in the coming months seems to be avoidable now that the major tax hikes for a broad spectrum of Americans have been avoided. Growth and government spending cuts will be the main contributors to falling budget deficits in the near term.”

Related Story

[back to top]

Best Vehicle Sales Streak Since 1973 Boosts U.S. Dealers

U.S. light-vehicle sales probably rose in December to wrap up a three-year run unrivaled in almost four decades as consumers replaced cars and trucks that are, on average, the oldest ever on the nation’s roads. Car and light truck sales in the U.S. probably rose 9.8 percent in December, according to a Bloomberg survey of analysts. That would cap a third-straight annual gain of at least 10 percent, the first such industry streak since 1973. “It sure feels a lot better to be selling cars today than a few years ago,” Geoffrey Pohanka, president of the Pohanka Automotive Group, said in a telephone interview. “The age of the fleet and the attractiveness of a lot of cars that are being designed now are going to help sustain sales going forward.”
Source: Bloomberg

[back to top]

U.S. New-Auto Registrations to Grow 6.6% in 2013, Polk Estimates

Sales of new autos, a bright spot for the U.S. in 2012, will grow further this year as an improving economy and demand for pickups and for midsize cars boosts registrations 6.6 percent, according to R.L. Polk & Co. About 15.3 million new light-vehicle sales will be registered in 2013, up less than 1 million from last year, the Southfield, Michigan-based auto researcher said in a report today. The growth rate may be less than half that of 2012 as the industry has already regained much of the volume lost to the recession, Polk said. “There’s going to be growth, but some demand has been satisfied at this point,” Anthony Pratt, Polk’s director of forecasting for the Americas, said in a phone interview. “The spigot has been on, but it hasn’t been on at full blast.”
Source: Bloomberg

[back to top]

U.S. Rising as Production Base for Honda, Other Foreign Carmakers

The assembly line ground to a halt at Honda Motor Co.'s Marysville, Ohio, plant the afternoon of Dec. 5 as managers and line workers gathered to hear a videotaped message from President Takanobu Ito in Tokyo. He congratulated the plant's employees, who had just produced the 1 millionth Honda built in the United States for export. "Quality for the world, made in America, has been an important Honda commitment," Ito said, adding he hoped exports from the U.S. would keep rising.
Source: The Detroit News

[back to top]

Nissan's Ghosn Calls on Abe to Weaken Yen, Mend China Ties

Don’t count Nissan Motor Co. President Carlos Ghosn among those impressed with new Japanese Prime Minister Shinzo Abe’s ability to weaken the yen against all major global currencies. “We are way long from what I consider a neutral territory” of about 100 yen to the dollar, the Brazilian-born president of Japan’s second-largest automaker told reporters during a year-end briefing at Nissan’s headquarters in Yokohama, Japan. “Please bring it back to the neutral territory so that we can do our job without a handicap.” Ghosn’s exchange-rate dissatisfaction, echoed by Toyota Motor Corp. President Akio Toyoda, underscores the frustrations of manufacturers in a country where the yen surged almost 40 percent over four years to a postwar high in 2011.
Source: Bloomberg

[back to top]

Ford Focus Is Top-Selling Car Globally

Which car outsells all others around the world? Ford says it's the Focus compact, with the smaller Fiesta positioned right behind to be the best seller in its class. Worldwide, Ford says there were 737,856 Focuses registered through September. Fiesta was at 560,061. Focus is a breakthrough vehicle for Ford, which used to make separate models under the same name for Europe and U.S. Now the same vehicle is sold in both places, and around the world, giving a huge cost saving to the automaker.
Source: USA Today

[back to top]

More Articles
 
Quotable
"Autos are in the third or fourth inning of this recovery with a lot of room yet to go."

   
-- David Kudla, chief executive officer of Mainstay Capital Management in Grand Blanc, Mich., Bloomberg, Jan. 2
 


Videos

  Video: NADA Analyst, Jonathan Banks, on Flood Damaged Car Claims (Fox Business)

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

 More Videos

NADA Convention
Manage Your Convention Schedule with ‘myNADAplanner’


Choosing from hundreds of workshop sessions, attending franchise meetings, general sessions and meeting with exhibitors over the four-day NADA convention can be a daunting task. To help avoid scheduling conflicts, dealers and their managers can utilize myNADAplanner, a free online, easy-to-use planning, scheduling and networking tool for attendees to maximize their time. Access to myNADAplanner is available to all registered attendees and exhibitors by using their username and password sent in the registration/housing confirmation email or by calling (800) 974-3084. Click here to log on to myNADAplanner.
Foundation News
DCH Auto Group Promotes Teen Driving Safety 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 .