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Inside this issue
Experts Predict Auto Sales Could Increase 10% in 2013
GM Looks to Carve Out Sales Segment With Encore Compact
$30,000 is the New Luxury-Car Hot Spot
Unloved Diesel Gets Boost In Search for Fuel Economy
Auto Dealer Inducted Into Automotive Hall of Fame
Vehicle Navigation Systems Frustrate More Car Owners, Study Says
ADESA to Auction Harley at NADA Convention to Raise Money for Canine Companions
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Experts Predict Auto Sales Could Increase 10% in 2013

Hear that whooshing sound? That's the auto industry letting out a collective sigh as last year turned out half-decent. Absent the natural disasters that bedraggled 2011, 2012 picked up steam. Shoppers bought 14.5 million new cars, up 13.4% from an inventory-strapped 2011. Experts predict 2013 sales to increase anywhere from 3.5% to around 10%, which would land them in the 15 to 16 million range by the time Santa fills the stockings again.
Source: Cars.com

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GM Looks to Carve Out Sales Segment With Encore Compact

General Motors hopes to carve out a new auto sales segment with the all-new Buick Encore compact crossover, which hit U.S. showrooms last weekend. The automaker also expects the Encore to continue the brand's momentum among younger buyers and people who don't own a GM product. The brand's overall conquest average -- the number of buyers who previously owned a non-GM vehicle -- rose from 27% to 43% over the last half decade. More than 50% of Verano buyers are new to Buick.
Source: Detroit Free Press

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$30,000 is the New Luxury-Car Hot Spot

Lowering the bar to woo not-quite-rich under-40s

There's a new price battleground -- $30,000 -- for luxury-car makers as they chase younger buyers with small front-wheel-drive vehicles that are sliding down into mass-market territory. Mercedes-Benz, BMW, Audi and others are going after the 75 million 30- to 40-year-olds who are forcing "the biggest changes the automotive industry will face," said Bernie Glaser, head of marketing for Mercedes-Benz USA. "They have big expectations for products and brands." Nonluxury brands are likely to feel the heat from new models such as the Mercedes-Benz CLA, which was shown to journalists just before the Detroit auto show.
Source: Automotive News

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Unloved Diesel Gets Boost In Search for Fuel Economy

In the race to make cars go farther on a gallon of fuel, diesel is suddenly gaining some ground. In the past decade, gasoline-electric hybrids such as Toyota Motor Corp.'s Prius and electric cars have gotten a lot of hype and even support from governments. Cars with new, more refined diesel engines, which are cleaner and have been pushed by German auto makers, have had few offerings available, and have sold in small numbers. Today, diesel engines account for about 3% of U.S. vehicle sales. But diesel is about to get some help. General Motors Co., Chrysler Group LLC and Mazda Motor Corp. are all preparing to offer diesel models in 2013, expanding the choices available to U.S. drivers.
Source: The Wall Street Journal

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Auto Dealer Inducted Into Automotive Hall of Fame

St. George auto dealer Stephen Wade is one of the newest inductees into the Automotive Hall of Fame for his work in the industry and success as an auto dealer and businessman. Wade was inducted into the hall of fame officially on Friday at the 2012 Utah International Auto Expo in Northern Utah. “Anytime you are recognized by your peers, it is a pleasant thing,” Wade said. “I've really been blessed and have had a great time in St. George.” According to the Automotive Hall of Fame website, Hall of Fame inductees have made a significant impact on the automobile industry and are recognized for that contribution with the greatest honor bestowed in the automotive business. The Stephen Wade Automotive Group owns and operates 20 vehicle franchises in Utah and California and continues to grow, Wade said. Wade said from his lengthy career as an auto dealer, his time recently spent representing about 18,000 dealerships nationwide as the chairman of the National Automobile Dealers Association was one of his top experiences.
Source: The Spectrum & Daily News (St. George, Utah)

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Vehicle Navigation Systems Frustrate More Car Owners, Study Says

Smart phone apps grow in popularity

Owners' satisfaction with their new vehicles' navigation systems declined in 2012 as complex menu systems, voice-control commands and entering destinations frustrated users, according to J.D. Power and Associates. Satisfaction with navigation systems dropped 13 points from a year earlier to 681 on a 1,000-point scale, according to Power's 2012 U.S. Navigation Usage and Satisfaction Study. The results, released this month, are based on responses from 20,704 owners who recently bought or leased a new 2012 vehicle with a factory-installed navigation system, the company said.
Source: Automotive News

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ADESA to Auction Harley at NADA Convention to Raise Money for Canine Companions

ADESA, for the second consecutive year, will auction a Harley-Davidson (2011 Fat Boy) during the NADA Convention and Expo, held this year in Orlando, Fla. The live auction begins at 1 p.m. on Sunday, Feb. 10, at the ADESA exhibit (Booth No. 2743). There is no reserve. “Last year’s auction was such a success—and we had such a great time doing it—that we are excited to once again host a charity motorcycle auction at this year’s NADA convention,” said Tom Caruso, ADESA president and CEO. “We are honored to support the NADA Foundation and a wonderful cause like Canine Companions for Independence.” The NADA convention runs Feb. 8-11 at the Orange County Convention Center. For more information or to register, visit www.nadaconventionandexpo.org.


Source: NADAFrontPage.com

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Quotable
"They're [Diesels] a blast to drive." 

   
-- Derrick Oxender, the founder of Victory Lane Quick Oil Change Inc., commenting on the growing popularity of diesel-powered engines, The Wall Street Journal, Jan. 22

 

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