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Inside this issue
Auto Industry Coming Back to Life
GM Planning Deals in China to Reach 5 Million Sales Goal, Report Says
New Kia Concept, Toyota Pickup Due at Chicago Auto Show
Setting the Standard: One Group's Eco-Friendly Move
Ford to Quadruple Dealerships Which Can Sell Plug-In Evs
Used-Car Sales Climb as Americans Hold onto Older Vehicles
Super Bowl MVP Joe Flacco Gets a New Chevrolet Corvette
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Auto Industry Coming Back to Life

General Motors Co., along with other significant players in the industry, managed to sell over a million vehicles in America this January. During the past month, the US auto sales grew 7%, which supports the presumption of growth in the auto industry. In the view of the National Automobile Dealers Association, the most contributing factors towards positive development in the industry entail low interest rates, while easy accessed loans also played a vital role in partially revitalizing the industry. The market is expecting the upsurge to continue for a considerable period of time. According to Paul C. Taylor, chief economist at NADA in Tysons Corner, this is a positive development for the industry on an overall basis; he expects the number of customers to increase by the start of February 2013.
Source: The Point Daily

Editor's note: Paul Taylor will discuss the performance of the new-vehicle market and new-car dealerships as well as the state of the U.S. economy at a press briefing during the NADA Convention and Expo in Orlando on Saturday, Feb. 9. Click here for the full press conference schedule.

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GM Planning Deals in China to Reach 5 Million Sales Goal, Report Says

The Chinese auto industry is overdue for consolidation and General Motors Co., with local partner SAIC Motor Corp., is interested in acquiring ailing automakers, people familiar with the companies' thinking told Bloomberg. GM, already the top foreign carmaker in China, aims to increase sales by about 75 percent by 2015 to 5 million, and a deal with another automaker is one possible way its ventures can expand, said the people, who didn't want to be identified because the plans are private.
Source: Bloomberg

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New Kia Concept, Toyota Pickup Due at Chicago Auto Show

The battle of new pickups gets another contender. A sleek Kia concept has its first public showing. And General Motors brings more diesel power to the car market. It all happens Thursday at the press preview of the Chicago Auto Show. Toyota will pull the sheet off the redesigned third-generation of its Tundra full-size pickup, the latest in a series of unveilings by truck makers this year as the market for them continues to recover. Others expected to make debuts include a Kia crossover concept and the first diesel version of the Chevrolet Cruze. Sandwiched between splashier expositions in Detroit in January and New York in the spring, Chicago usually lacks scads of new-model intros. But it makes up for it in potential buyers. "The Midwest is a pretty good-sized market" for car sales, says Joseph Phillippi of AutoTrends Consulting.
Source: USA Today

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Setting the Standard: One Group's Eco-Friendly Move

When your association is trying to raise standards throughout your industry, the hard part may be figuring out the standards you have to build from. That’s the issue the National Automobile Dealers Association (NADA) faced when looking to encourage its members to reduce energy usage -- and the reason why it started its new Energy Ally program. The association is hoping to encourage dealers to take part in the survey with the help of secondary support businesses such as consulting and accounting firms. Businesses that assist five dealerships in taking part in the survey will receive a NADA Energy Ally designation. The association’s 2013 NADA Convention and Expo, taking place this weekend, will also offer a number of energy-conscious solutions for attendees.
Source: Associations Now

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Ford to Quadruple Dealerships Which Can Sell Plug-In Evs

Ford Motor Co. plans to more than quadruple the number of dealers who can sell plug-in electric vehicles in an effort to boost sales of three vehicles. The Dearborn, [Mich.] automaker will have 900 certified dealers by this spring, up from the 200 it had near the end of last year. The 900 dealers — which will have specially trained sales and service staff, plus at least two on-site charging stations — means approximately one-third of all Ford U.S. dealers will be able sell plug-in EVs.
Source: The Detroit News

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Used-Car Sales Climb as Americans Hold onto Older Vehicles

Used-car sales are continuing to climb this year, bolstered by a five-year high for new-car sales in 2012 and an aging vehicle fleet that echoes the tightened spending and uncertain job market faced by most Americans. A lagging supply of lower-mileage dealer trade-ins pushed prices of CPO cars upward in 2012, said Paul Taylor, chief economist for the National Automobile Dealers Association. Taylor said new-car sales should increase by 1 million in 2013 and spur an additional 600,000 used-car sales. About 60 percent of a dealer's used stock is trade-ins from buyers looking to get a new car. "With the general shortage of cars [and] more mileage on average, then it becomes harder to find the low-mileage, near-perfect trade-ins that [dealers] need for CPO programs," Taylor told MSN Autos.
Source: MSN Autos

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Super Bowl MVP Joe Flacco Gets a New Chevrolet Corvette

Personally, the silver, Tiffany-made Pete Rozelle Trophy is nice, but if we were Baltimore Ravens quarterback Joe Flacco, we'd rather have the keys to the 2014 Corvette Stingray. In keeping with tradition, the MVP of the Super Bowl always gets the cup and the car. But this year, it's no ordinary Corvette. Flacco becomes one of the first to own the star of last month's North American International Auto Show. The new Corvette has sports-car fans salivating -- and Flacco gets a bright red one. Like Flacco, the car offers super-performance -- 450 horsepower and zero to 60 mph acceleration in four seconds. It comes to him from Banner Chevrolet, a dealership that was wiped out, losing 650 new vehicles and its used-car inventory, when Hurricane Katrina hit New Orleans in 2005. It was chosen to present the car.
Source: USA Today

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Quotable
"Dealers are exceptional at finding efficiency, elevating customer service and improving the sales process, and you push OEMs to do the same. Sometimes this creates tension, but it also sparks innovation, and that’s what drives our long-term success."

   
-- John Krafcik, president and CEO of Hyundai Motor America, will deliver an industry keynote address this Saturday at the NADA convention in Orlando, NADAFrontPage.com, Feb. 4
 

  

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