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Inside this issue
Automakers Close Out 2012 Strong as Dec. Volume Rises 9%; SAAR Reaches 15.38 Million
Big 3 Auto Sales Strong in 2012
Toyota Leads 2012 U.S. Vehicle Market to Five-Year High
BMW Tops Mercedes in Luxury Sales
FTC Proposes No Substantive Changes to Cooling-Off Rule
PSAV is the Official Audiovisual Vendor for the NADA/ATD Convention
Auto Dealers Donate to Red Cross
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Automakers Close Out 2012 Strong as Dec. Volume Rises 9%; SAAR Reaches 15.38 Million

U.S. light-vehicle sales -- led by Volkswagen, BMW and Honda -- jumped 9 percent in December, pushing the seasonally adjusted sales rate above 15.3 million for the second consecutive month and helping the industry finish 2012 on a high note. Automakers sold 14.49 million light vehicles in the U.S. market last year, up 13 percent from 2011, for the highest mark since 2007. It was the third-straight annual gain of at least 10 percent, the first such industry streak since 1973. Automakers and analysts expect U.S. sales to continue rebounding in 2013, albeit at at a slower pace, with some forecasts as high as 15.6 million light vehicles. The National Automobile Dealers Association said Thursday it expects 2013 sales to increase by another 1 million units. "With last year's tax policy extended and government spending cuts likely in future months, there will be a modest expected decline in purchases of vehicles by the federal and other governments, but not serious damage to the large bulk of consumer purchases of cars and trucks as the economy continues to grow," said Paul Taylor, NADA's chief economist.
Source: Automotive News

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Big 3 Auto Sales Strong in 2012

But only Chrysler gains market share as Asian rivals do better

All three Detroit automakers reported big sales increases in 2012, but only Chrysler Group LLC managed to make any real market share gains. General Motors Co. saw its share of the market fall to levels not seen since the 1920s, as Japanese automakers roared back to life in the wake of 2011's devastating earthquake and tsunami. And Germany's Volkswagen AG — long a niche player in the American market — reported the strongest gains of any automaker. Overall, automakers sold 14,491,873 cars and light trucks in the United States last year, an increase of 13.4 percent over 2011's total and the best year since 2007.
Source: The Detroit News

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Toyota Leads 2012 U.S. Vehicle Market to Five-Year High

Toyota Motor Corp. and Honda Motor Co. led U.S. vehicle sales to their highest annual total in half a decade as Japanese automakers restored production disrupted by the tsunami in 2011. Toyota's U.S. deliveries climbed 27 percent to 2.08 million units last year and Honda's increased 24 percent to 1.42 million, the companies said. At General Motors Co., Ford Motor Co. and Chrysler Group LLC, December sales exceeded analysts' estimates as they rounded out a year of surprising growth that helped propel the country's economy.
Source: Bloomberg

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BMW Tops Mercedes in Luxury Sales

It was a December to remember for most luxury automobile sales operations in the United States, with BMW, Mercedes-Benz, Lexus, Acura, Infiniti, Porsche, Audi and others all reporting particularly strong finishes to an already good 2012. The sales crown, and the bragging rights, went to the BMW Group, which includes Mini. It broke away from a tight sales race with Mercedes-Benz in the final month, selling 43,855 units in December, pushing the final 2012 tally to 347,583 vehicles, the automaker said, up 13.8 percent from 2011.
Source: The New York Times

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FTC Proposes No Substantive Changes to Cooling-Off Rule

The Federal Trade Commission (FTC) has completed its systematic review of the Cooling-Off Rule and determined that no changes to the rule are warranted except for potentially increasing the monetary threshold at which the rule applies. In making this determination, the FTC rejected several proposed changes to the rule that would have affected automobile dealers, including a proposal to expand the rule's scope to apply to the sale of used cars at a dealer's premises.

The Cooling-Off Rule requires sellers who are engaged in door-to-door sales of consumer goods or services, with a purchase price of $25 or more, to provide the buyer with certain oral and written disclosures regarding the buyer's right to cancel the contract within three business days from the date of the transaction. Door-to-door sales include those made at a place other than the seller's place of business, however the Rule does not apply to “sellers of automobiles, vans, trucks or other motor vehicles sold at auctions, tent sales or other temporary places of business, provided that the seller is a seller of vehicles with a permanent place of business.” The FTC's sole proposed change to the rule would increase the threshold at which the rule applies from $25 to $130 to account for inflation that has occurred since the FTC first issued the rule in 1972.
Source: NADA Regulatory Affairs

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PSAV is the Official Audiovisual Vendor for the NADA/ATD Convention

PSAV is the official audiovisual equipment and service vendor for the 2013 NADA/ATD Convention in Orlando, Fla. Exhibitors may order services from PSAV by going to the Exhibitor Service Kit on the Convention website or by clicking here and scrolling down to Additional Services, then clicking onto AudioVisual Order Form. If you have received an email or other communications from companies offering audiovisual services at the convention, they are NOT official vendors and have no relationship with NADA. For questions about audiovisual or other vendor services at the convention, contact the NADA conventions department at (703) 821-7141.
Source: NADA Convention and Expo

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Auto Dealers Donate to Red Cross

For more than 35 years, new-vehicle dealers have donated Little Anne cardiopulmonary resuscitation training manikins to hospitals, police and fire departments and schools in the U.S. through the Medical Grants program of the National Automobile Dealers Charitable Foundation. Reineke Family of Dealerships, in conjunction with the National and Ohio Automobile Dealer Associations, presented a Little Anne Automated External Defibrillator Training Unit to the American Red Cross Thursday at the West Market Street location in Tiffin [Ohio]. "The American Red Cross is a very important piece to our community as well as across the nation" said Bill Reineke, Ohio director for the National Automobile Dealer Association. "We are happy to contribute to their efforts in helping those in need."
Source: The Advertiser-Tribune (Tiffin, Ohio)

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Quotable
"If you want to hang your hat on something that's really improved in our industry, it's the North American auto business. It's a shining piece of U.S. manufacturing."

   
-- George Magliano, senior principal economist for IHS Automotive in New York, commenting on the strong auto sales in 2012, Automotive News, Jan. 3
 


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