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Inside this issue
Bipartisan Bill to Repeal Obsolete Paperwork Requirement at Auto Dealerships Introduced
Auto Sales Per U.S. Dealership Seen Setting Record in '13
Used Car Prices Stay High -- Here's Where To Find The Best Deals
U.S., China Keep GM Rolling
Toyota Settles With U.S. States
Ford Motor Company's Dealers are Getting Worried
Ford Promotes Elena Ford to Senior Role to Improve Dealer Standards
Why This Trade Show Offers Zumba, Pinball, and Makeovers (and You Should Too)
Chrysler Donates $1M to Charity Based on 'Farmer' Web Traffic
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Bipartisan Bill to Repeal Obsolete Paperwork Requirement at Auto Dealerships Introduced

Legislation, H.R. 724, was introduced late yesterday in the U.S. House of Representatives that would eliminate a mandate that requires dealers to certify if a new vehicle has an emissions system. Under the Clean Air Act, dealers are required to present written confirmation to the buyer that a visual inspection has been completed of a new-vehicle's emissions system. The bill, introduced by Reps. Bob Latta, R-Ohio, and Gary Peters, D-Mich., eliminates this obsolete and unnecessary requirement. “There are already enough documents for car and truck buyers to read at the sale of a new vehicle. Eliminating this redundant form makes sense,” said David Westcott, chairman of the National Automobile Dealers Association, and a Buick, GMC and Suzuki dealer in Burlington, N.C.
Source: NADAFrontPage.com

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Auto Sales Per U.S. Dealership Seen Setting Record in '13

U.S. auto sales per dealership probably will climb to a record in 2013 as carmakers contain the number of their outlets and boost vehicle deliveries for a fourth straight year, according to an industry consulting firm. Annual sales per dealer will increase to an estimated 839 vehicles from last year's record of 812, consulting firm Urban Science said today in an e-mailed statement. The Detroit-based company used an industry estimate for this year of 15 million car and light-truck sales. Auto dealers are getting a boost from U.S. light-vehicle sales that have climbed by at least 10 percent each of the last three years, including a 13 percent increase last year that was the biggest since 1984. The number of U.S. auto dealerships rose 0.5 percent to 17,851 last year, according to the statement. Urban Science estimates that the “normal” level of sales per dealership will settle at about 830.
Source: Bloomberg

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Used Car Prices Stay High -- Here's Where To Find The Best Deals

While it also means that those buying a new car will continue to get top value for their trade-ins, used car prices remain at historically high levels and aren't expected to decrease any time soon. The National Automobile Dealers Association (NADA) predicts the average used car (up to eight years old) will cost $14,375 this year, which is down by just 0.8% from $14,500 in 2012. This is the first drop – however slight – in used car values since the market bottomed out in 2008, according to NADA figures. According to Jonathan Banks, executive automotive analyst with the NADA Used Car Guide, used-vehicle prices will remain largely at their lofty levels because of looser lending standards, recovery in the housing and construction markets, a gradual decrease in unemployment levels, an increase in supply from booming new-car sales and pent-up consumer demand. “As job growth continues to progressively improve, used-vehicle intenders will gradually replace their current vehicles with newer, pre-owned ones, thereby helping to compensate for the loss of new-vehicle substitute demand,” Banks says.
Source: Forbes

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U.S., China Keep GM Rolling

General Motors Co. reported a larger fourth-quarter profit and earned money for the third consecutive year in a row as strong results from its North American operations offset wider losses in Europe. The company left its pretax profit forecast for this year unchanged, essentially saying it expects a continuation of profits in all regions excluding europe. It sees earnings rising "modestly" in 2013 amid ongoing strength in the U.S and Chinese new-car markets.
Source: The Wall Street Journal

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Toyota Settles With U.S. States

Toyota Motor Corp. reached a $29 million settlement with a group of attorneys general from 29 U.S. states and territories in a dispute over how it handled claims of unintended acceleration in its vehicles. In addition to paying the 28 states and American Samoa the settlement, Toyota said it would take steps to make vehicle information more easily accessible to consumers to help them operate their vehicles safely. Toyota also is creating rapid-response service teams, and a "range of customer care amenities for owners of vehicles subject to certain recalls," Toyota said in a statement.
Source: The Wall Street Journal

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Ford Motor Company's Dealers are Getting Worried

Ford Motor Company is looking to obtain an increased level of market share in the US during the current year. The company also announced that it is going to invest, in terms of making customer services more pleasant. According to Ken Czubay, Ford's vice president of U.S. marketing, Ford will make an investment of $750,000 per dealership. He added that 3,100 new dealerships will be permitted to retail its products during the span of the current year. In the view of Jim Farley, executive vice president of global marketing, sales and service, they are looking to present the customers with an enjoyable customer service experience, so that the company can build fruitful relationships with its clientele. The featured individual said this, at the National Automobile Dealers Association's convention in Orlando, Florida, while he has refrained from pointing out the exact budget of the program. According to Don Chalmers, an owner of Ford and Lincoln franchises in New Mexico, the sales volume of the company is not going well. Therefore, the retailers are worried and looking to boost their sales under all circumstances.
Source: The Point Daily

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Ford Promotes Elena Ford to Senior Role to Improve Dealer Standards

Ford Motor Co. said it will promote Elena Ford to a newly created senior executive position, the first time in nearly two decades that a Ford family member has been elevated to the company's senior ranks. Elena Ford, great-great-granddaughter of company founder Henry Ford, will lead a new group charged with improving global dealer standards for the No. 2 U.S. automaker, the company said on Thursday.
Source: Reuters

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Why This Trade Show Offers Zumba, Pinball, and Makeovers (and You Should Too)

It's a challenge many trade show planners face: how to maximize the time attendees spend on the show floor and how to keep them moving around so all exhibitors get good exposure. The National Auto Dealers Association tried a new strategy this year at its convention and expo that wrapped up Monday at the Orange County Convention Center. The organization has offered wellness and lifestyle activities at this event for decades, originally to entertain spouses and usually housed in a meeting room. This year, organizers brought these activities onto the show floor, creating four destinations with identical eye-catching signage and decor and offering a variety of options to appeal to everyone. “We put it in quadrants of the show floor to create a flow. The whole idea is to bring energy to the expo floor, to keep people on the floor, to keep the flow going,” said Melissa Wolpert, director of convention services and operations for the association.
Source: BizBash

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Chrysler Donates $1M to Charity Based on 'Farmer' Web Traffic

Chrysler Group LLC will donate $1 million to the National FFA Organization's campaign to end hunger in America after more 18 million people downloaded or watched the Ram Truck brand's "Farmer" ad on the company's website. The two-minute video first aired during last week's Super Bowl. Chrysler said at the time it would donate $100,000 to the group for every million views or downloads, up to a total of $1 million. It took less than a week to hit that goal, Chrysler said.
Source: The Detroit News

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Quotable
"There are already enough documents for car and truck buyers to read at the sale of a new vehicle. Eliminating this redundant form makes sense."

   
-- NADA Chairman David Westcott, referring to a bill introduced yesterday that would eliminate a mandate which requires dealers to certify if a new vehicle has an emissions system, NADAFrontPage.com, Feb. 15 


  

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