View Mobile Version | View Web Version

SPONSORED BY
NADA.org
January 7, 2013 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Slower Growth, but Still on the Right Track
Free Webinar on Healthcare Reform Jan. 9
NADA Issues Guidance Regarding Factory Communications
2012 Vehicle Fuel Economy Hits New High of 23.8 MPG
Volvo Sees Challenging Year Ahead After 2012 Sales Drop
After a Weak '12, Ford Looks Ahead
Detroit's Big Three Trying to Power Up Motor City
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Slower Growth, but Still on the Right Track

Analysts see 15 million in 2013

U.S. auto sales may not surpass 16 million units for at least two years, but with most automakers already posting healthy profits and struggling to find production capacity to meet demand, few are in a hurry to get there. And as sales grow more slowly, competition will intensify. Light-vehicle sales, which bottomed out at 10.4 million in 2009, rose 11 percent in 2010, 10 percent in 2011 and 13 percent in 2012 -- the biggest one-year jump in decades. But analysts' forecasts call for this year's increase to be as low as 3 percent. Automakers no longer can post large gains merely by riding the industry upward; they'll have to steal customers away from rivals.
Source: Automotive News

[back to top]

Free Webinar on Healthcare Reform Jan. 9

With the presidential election decided and the Affordable Care Act (ACA) in place, dealers want to know “How Much More Will Health Reform Cost My Dealership?” NADA University has asked experts from the top-10 accounting firm CliftonLarsonAllen to provide insight on the impact the ACA will have on dealerships, so that dealers can weigh their options, determine the future financial impact of ACA on their business and prepare for compliance requirements in 2013 and beyond. Join us for this complimentary MarketINSIGHT webinar on Wednesday, Jan. 9, at 1 p.m. EST. Click here to register.
Source: NADA University

[back to top]

NADA Issues Guidance Regarding Factory Communications

NADA distributed a memorandum to all NADA members providing some practical guidance in the area of “Factory Relations” and more specifically, several concrete steps dealers may want to consider when reviewing and responding to communications from their manufacturer. NADA encourages dealers to review these materials, which are a valuable resource when facing this important issue.
Source: NADA Regulatory Affairs

[back to top]

2012 Vehicle Fuel Economy Hits New High of 23.8 MPG

The average fuel economy of new cars and trucks sold in 2012 climbed 6 percent to a new record amid high gas prices. The University of Michigan Eco-Driving Index said for 2012, the average fuel economy of new vehicles purchased was 23.8 mpg, up 1.3 mpg from 2011 and up 2.9 mpg from 2008.
Source: The Detroit News

[back to top]

Volvo Sees Challenging Year Ahead After 2012 Sales Drop

Volvo, owned by Chinese group Geely, said on Monday its sales fell 6.1 percent last year, including double digit drops in China and Sweden and a small rise in the United States, and warned of a tough 2013. Volvo is the biggest Chinese overseas investment in the auto industry and the Swedish company is pinning its growth hopes on China. Overall sales fell last year to 421,951 cars from 2011's 449,255, the group said in a statement. "Competition in the car industry will most likely continue to be as fierce as in 2012 as manufacturers will seek to capture volumes and market shares in a market where the economic situation will remain unstable," it said, expecting a challenging year in terms of margins and growth.
Source: Reuters

[back to top]

After a Weak '12, Ford Looks Ahead

Mulally's product blitz positions the brand for a big year

Ford Motor Co. finished 2012 with a 5 percent sales increase. But industrywide sales grew 13 percent, so Ford lagged behind many major rivals and lost market share for the second year in a row. Ford's 2012 market share was 15.5 percent, the lowest since 2008, when it hit 14.4 percent. The good news is that as 2013 begins, Ford finally should be in a position to realize the benefits of all the money it invested in new products during the recession under CEO Alan Mulally's global One Ford plan.
Source: Automotive News

Related Story:

[back to top]

Detroit's Big Three Trying to Power Up Motor City

As part of Operation Brighter Future, Ford Motor Co. is pumping $10 million into the resurrection of the Mexicantown Mercado – which will serve as a new food bank and community center and be renamed the Ford Resource and Engagement Center. Company officials, notably including new Chief Operating Officer Mark Fields, promise still more aid to come for the long-beleaguered Detroit. Ford is by no means alone. Since emerging from bankruptcy in 2009, General Motors has ramped up its involvement in a city that is teetering on bankruptcy. So has Chrysler, which moved its headquarters to the fringe suburb of Auburn Hills more than two decades ago. There's no question that Detroit needs all the help it can get.
Source: MSNBC

[back to top]

More Articles
 
Quotable
"Now it's time to see how fast your boat is. We all know it can float. Now, can it beat others?"

   
-- Rebecca Lindland, an analyst with IHS Automotive, commenting on the increased competition between automakers, Automotive News, Jan. 7
 


Videos

 Video: NADA Chairman, Bill Underriner, Speaks to the Automotive Press in Detroit (NADA-TV)

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

 More Videos

Sponsored by Advertisement

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
New-Car Dealers Breathe Life into NADA Foundation's CPR Manikin Donation Program
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 .