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January 31, 2013 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
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Inside this issue
Five Takeaways from the Washington Auto Show's Energy Efficiency Policy Summit
Advance Registration Discount for NADA Convention Ends Today
Gasoline Rule Emerges From Election-Year Obscurity
NHTSA Activism Compelling More Auto Recalls, Strickland Says
Video: Why Do Cars Fall Short of Their EPA Mileage Estimates?
Hybrids, Electric Cars Lead Charge in January Sales for Ford
Fiat-Chrysler Plans 47 New or Updated Autos in 4 Years
Daimler Said to Take Chinese Partner Stake to Push Growth
NADA UCG: Economic Factors Contributing to ‘Plateau’ In the Auction Lanes
Why One Chevy Dealer REALLY Loves the New Corvette Stingray
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Five Takeaways from the Washington Auto Show's Energy Efficiency Policy Summit

As the District prepares to kick off the 2013 Washington Auto Show, organizers hosted a policy summit this week to discuss industry prospects and consumers' response to the automakers' latest green technology. The two-part conference began with a panel discussion from auto industry experts about consumer, policy and economic pressures on the auto industry. Alliance of Automobile Manufacturers chief executive Mitch Bainwol, National Auto Dealers Association board member Don Chalmers, industry analysis firm IHS Automotive research director Rebecca Lindland, Environmental Protection Agency’s Office of Air and Radiation assistant administrator Gina McCarthy, and California Air Resources Board chairman Mary Nichols participated in the conversation. For those who are still buying cars, the relatively high cost of energy efficient cars is a significant deterrent. The average income of the owner of a Chevrolet Volt or Nissan Leaf — hybrid and electric cars respectively — is about $150,000 a year, Lindland said, whereas for the car industry overall, it's $68,000 a year. The auto industry's pricing could be “delaying the greening of the fleet,” she said, because consumers are constrained by what technology exists in their price range. Consumer flexibility is also affected by the availability of financing, National Auto Dealers Association board member Don Chalmers said. “Ninety-percent of the cars I sell are financed,” said Chalmers, who sells cars manufactured by Ford.
Source: The Washington Post

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Advance Registration Discount for NADA Convention Ends Today

Advance registration for the NADA Convention and Expo ends today. NADA members (dealers and managers) who register today will save $75 from the onsite rate. It's also the last day to book a hotel room. Keynote speakers include John Krafcik, president and CEO of Hyundai Motor America; NADA Chairman Bill Underriner; inspirational speaker Mark Kelly, a former astronaut; incoming NADA Chairman David Westcott; and former Secretary of Defense Robert M. Gates. The 96th annual convention, which runs Feb. 8-11, in the West Building of the Orange County Convention Center, includes franchise meetings, workshops and exhibits. The ATD Convention and Expo runs concurrently with NADA. For more information or to register, visit www.nadaconventionandexpo.org.
Source: NADAFrontPage.com

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Gasoline Rule Emerges From Election-Year Obscurity

After facing election-year delays, an environmental rule requiring cleaner gasoline is now back in the regulatory pipeline, and a top Environmental Protection Agency official said Wednesday the agency expects to propose the rule by March. The regulation, which requires lower levels of sulfur in gasoline, had all but disappeared from the regulatory process for the better part of last year as President Obama was seeking reelection and didn't want to be perceived as imposing regulations that could raise prices at the pump.
Source: The National Journal

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NHTSA Activism Compelling More Auto Recalls, Strickland Says

The U.S government's top safety cop says record recall numbers from auto makers in recent years are the result of both the threat of costly fines and heightened communication between the regulators and manufacturers. “It has been not only the bully pulpit but, frankly, policy leadership and more open communication with the manufacturers,” says David Strickland, lead administrator at the National Highway Traffic Safety Admin. “The manufacturers have responded,” Strickland tells WardsAuto on the sidelines of the annual Society of Automotive Engineers Government/Industry meeting held in conjunction with the Washington auto show.
Source: WardsAuto

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Video: Why Do Cars Fall Short of Their EPA Mileage Estimates?

It's possible to get precise measurements of nearly every feature of a car, from trunk space to front hip room. But the most important attribute for many shoppers—fuel economy—is still just an estimate. Drivers, regulators and car makers have long been vexed by the variance between the mileage figures published on a showroom vehicle's window sticker (which are based on Environmental Protection Agency testing protocols) and the car's real-world fuel consumption. Now, federal regulators and auto makers are rethinking how to close the gap between their fuel-economy estimates and actual mileage—particularly for vehicles that use newer technology, like electric-hybrid systems or turbochargers.
Source: The Wall Street Journal

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Hybrids, Electric Cars Lead Charge in January Sales for Ford

Ford Motor Co.'s electrified vehicles will help boost its January auto sales, an early indicator of what could be a record-setting year for the Dearborn automaker's growing hybrid and electric lineup. Led by the new Fusion Hybrid midsize sedan, Ford said it expects to report sales of at least 5,500 hybrids for January, which would shatter the company's sales record for the month.
Source: The Detroit News

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Fiat-Chrysler Plans 47 New or Updated Autos in 4 Years

6 Alfa Romeos among cars set for North America

The Fiat-Chrysler Group released a new product plan for the North American market Wednesday that calls for introducing 47 new or significantly refreshed models during the next four years — including six Alfa Romeos. That is more than a dozen more than the company had planned to bring to market, according to the last product plan unveiled after Fiat SpA took over Chrysler in 2009 as part of the bailout brokered by the U.S. government.
Source: The Detroit News

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Daimler Said to Take Chinese Partner Stake to Push Growth

Daimler AG plans to buy a stake in Beijing Automotive Group Co.'s car unit to secure influence at the German automaker's Chinese partner ahead of an initial public offering, two people familiar with the matter said. Daimler, the world's third-largest maker of luxury cars, may announce as soon as this week that it's taking a holding of 10 percent to 20 percent in BAIC's auto division, said one of the people, asking not to be identified because the discussions are private.
Source: Bloomberg

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NADA UCG: Economic Factors Contributing to ‘Plateau’ In the Auction Lanes

A variety of social and economic factors seem to be affecting the wholesale market, says NADA Used Car Guide, including dropping consumer confidence and Social Security tax increases. NADA UCG reported these factors are contributing to the current “plateau” in the lanes. Over the course of the current week, NADA expects used prices across all segments to remain flat as AuctionNet wholesale prices are expected to remain essentially unchanged compared to their two-week averages. The overall industry average is also expected to remain unchanged versus last week.
Source: Auto Remarketing

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Why One Chevy Dealer REALLY Loves the New Corvette Stingray

Many people liked Chevrolet's decision to badge its next-generation Corvette with the throwback Stingray name. Steve Hurley really liked it. He's dealer principal at Stingray Chevrolet in Plant City, Fla. In 2011 he was one of the country's top Corvette dealers, having sold nearly 200 of them. Hurley, 50, owns the dealership along with business partner Tom Durant, owner of Classic Chevrolet in Grapevine, Texas, the nation's largest Chevy store by volume. They bought the Plant City store in late 2008 as part of Bill Heard Enterprises Inc.'s 14-store bankruptcy liquidation. At the time, Hurley was stunned to learn that the Stingray name -- and the stingraychevrolet.com Web address -- was unclaimed. Hurley says: "We'll be making it really clear in our advertising that the best place to buy the Corvette Stingray is from Stingray Chevrolet."
Source: Automotive News

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Quotable
“Fleet turnover drives our economy, cleans our environment, enhances national security and saves lives.”

   
-- Dave Regan, NADA executive vice president of legislative affairs, discussing the importance of affordable mobility for consumers at the Washington Auto Show, NADAFrontPage.com, Jan. 31
 


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