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Inside this issue
Fiscal Cliff Resolution Good News for Auto Industry
U.S. New-Car Sales to Grow in 2013
Hyundai, Kia Forecast Smallest Growth in Global Sales in 7 Years
VW, Nissan, Others Look to Tap Growing Demand for Budget Cars
GM Says 2012 Sales Include 1 Million Vehicles with 30 or More MPG
EPA Rules Uphold the Burning of Used Oil In Space Heaters
10 Executives Who Changed the Industry -- for Better or Worse
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Fiscal Cliff Resolution Good News for Auto Industry

The last-minute compromise that kept the country from going off the so-called fiscal cliff is good news for the U.S. economy and great news for the auto industry, for as the old adage goes: when the economy catches cold the auto industry gets pneumonia. The resolution in Washington sidestepped some key issues that must yet be worked out in the coming months. But barring some later hitch that generates a new crisis, most industry analysts and insiders are confident that the U.S. car market is finally back on track after its worst downturn since the Great Depression.
Source: MSNBC

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U.S. New-Car Sales to Grow in 2013

With Europe's auto industry stuck in a ditch, global auto makers are pinning their hopes on the U.S. market this year with forecasts calling for new car and truck sales to cross the 15 million mark. New vehicle registrations—a key indicator of auto sales—are expected to climb 6.6% this year to 15.3 million as consumers with more access to loans and leases continue buying, automotive forecasting firm R.L. Polk & Co. said on Wednesday.
Source: The Wall Street Journal

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Hyundai, Kia Forecast Smallest Growth in Global Sales in 7 Years

Hyundai Motor Co. and smaller affiliate Kia Motors Corp., South Korea's two largest automakers, forecast their slowest sales growth in seven years as a slowing global economy and strengthening won saps demand. The two companies plan combined sales to rise 4.1 percent to 7.41 million vehicles in 2013, Chung Mong Koo, chairman of both Hyundai and Kia, told employees during a new year address in Seoul Wednesday. That's the lowest growth since 2006, when deliveries shrank 1.2 percent, and compares with the 7.43 million average of three analysts surveyed by Bloomberg News.
Source: Bloomberg

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VW, Nissan, Others Look to Tap Growing Demand for Budget Cars

Volkswagen's desire to launch a low-cost brand and Nissan's plan to sell Datsuns for as little as 2,300 euros underline the rising interest from automakers to tap demand for budget cars in fast-growing markets to offset falling sales in mature, stagnant markets such as Europe and Japan. Following the lead of Renault's Dacia brand, more and more carmakers will begin offering low-cost models within the next five years, IHS Automotive analyst Christoph Stuermer said. "If they want to survive, they will have to," he said.
Source: Automotive News

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GM Says 2012 Sales Include 1 Million Vehicles with 30 or More MPG

General Motors Co. said it is the first U.S. automaker to sell more than 1 million vehicles in its home market in a year that have EPA fuel-economy ratings of 30 miles per gallon or higher in highway driving. The declaration reflects a striking change at GM and among domestic car makers in the last few years. Their focus on fuel efficient cars has sharpened so that it is hard to believe GM and its U.S. rivals, Ford Motor Co. and Chrysler Group, not long ago pushed large, gas-guzzling trucks and SUVs that often struggled to squeeze 15 miles from a gallon of fuel.
Source: The Wall Street Journal

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EPA Rules Uphold the Burning of Used Oil In Space Heaters

On December 21, EPA made clear that used oil space heaters often found in dealership service departments are not regulated by its new area source boiler rules. EPA also noted how its new rules apply to the used oil that dealerships sometimes ship off-site. Specifically:

1. On-spec used oil fuels are not regulated “wastes.”
2. Off-spec used oil fuels are regulated “wastes” unless destined for burners designed to burn coal.

Bottom line, EPA's new rules support the burning of used oil (including used oil collected from do-it-yourselfers, DIYs) in space heaters vented to the atmosphere and below 500,000 BTUs in size. Dealership used oil generally is on-spec. However dealerships that send used oil off-site for fuel processing should attempt to avoid contamination during storage and consider separately storing/shipping any DIY used oil collected. Dealerships must be willing to collect DIY used oil to be eligibile for the federal used oil Superfund exemption.

Questions on this matter can be directed to NADA Regulatory Affairs at 703.821.7040 or regulatoryaffairs@nada.org.
Source: NADA Regulatory Affairs

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10 Executives Who Changed the Industry -- for Better or Worse

Click here for a list of the top 10 auto executives.
Source: Automotive News

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More Articles
 
Quotable
"If they want to survive, they will have to [offer low-cost models]."

   
-- Christoph Stuermer, IHS Automotive analyst, commenting on the demand for budget cars in fast-growing markets, Automotive News, Jan. 1
 


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