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Inside this issue
Auto Loan Delinquencies Hover at Historic Lows
GM Taps Volkswagen Exec to Market Chevrolet
U.S. Begins Selling Rest of GM Stake
1.3 Million Fords, Toyotas, Hondas Under Investigation
Amid Insults, Bitter Rivals Both Claim Luxury Crown
Have You Received an Email ‘NADA Dealers – March Madness Mailers’?
Ford and GM Forge Different Wireless Paths
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Auto Loan Delinquencies Hover at Historic Lows

In a healthy sign for the economy, fewer borrowers are falling behind on their auto-loan payments than at any time in the past, one of the nation's largest credit bureaus reports. The rate of loans that were delinquent by at least 60 days ended 2012 at 0.41%, down from the same time the year before when it was 0.46%, TransUnion reports.
Source: USA Today

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GM Taps Volkswagen Exec to Market Chevrolet

General Motors has hired an executive from red-hot Volkswagen to lead the marketing of its most important brand. Tim Mahoney, VW's chief product and marketing officer since 2011, will start work April 1 as global head of marketing for the Chevrolet brand. He'll also be responsible for overall coordination of GM's global marketing, the company said in a statement Monday. General Motors Co.'s top marketing post has been vacant since last July, when the company forced Joel Ewanick to step down. Its marketing efforts so far have failed to substantially boost U.S. sales.
Source: Associated Press

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U.S. Begins Selling Rest of GM Stake

Treasury reports Jan. trades, plan to sell all shares by March 2014

The U.S. Treasury has begun selling the remainder of its 19 percent stake in General Motors Co. In a report to Congress, the Treasury said it had net proceeds of $156.4 million in January for the sale of GM stock during eight full trading days of the month. GM's stock price ranged between $27.61 and $29.16 during the period, meaning Treasury sold at least 5.4 million shares, depending on the prices it received. On Jan. 18, the Treasury filed a written trading plan to sell its remaining 300.1 million shares of stock in the Detroit automaker. It plans to exit completely by March 2014 and said it could immediately begin selling small numbers of shares on the open market. The Treasury has recouped $29 billion of its $49.5 billion bailout, the report states.
Source: The Detroit News

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1.3 Million Fords, Toyotas, Hondas Under Investigation

The National Highway Traffic Safety Administration has launched a series of safety investigations targeting nearly 1.3 million Ford Motor Co., Toyota Motor Co. and Honda Motor Co. vehicles. Federal regulators caution that they have not decided whether recalls are necessary but automotive observers note that, having come under fire for getting too cozy with the industry in recent years, NHTSA is getting more aggressive when it comes to ordering manufacturers to resolve safety-related problems.
Source: MSNBC

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Amid Insults, Bitter Rivals Both Claim Luxury Crown

Mercedes-Benz and BMW have been trading insults for six weeks, ever since BMW sprinted ahead of Mercedes in December to snatch the 2012 luxury-sales crown. The late burst by BMW led to the bickering, which ratcheted up last week as Mercedes laid claim to being the true winner based on newly released vehicle registration data. Mercedes accuses BMW of padding its sales numbers by including vehicles that dealers bought as loaner vehicles. It argues that loaners aren't retail sales and that many of those vehicles weren't even put into the loaner fleet.
Source: Automotive News

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Have You Received an Email ‘NADA Dealers – March Madness Mailers’?

Some dealers may have received emails with the subject line, “NADA Dealers – March Madness Mailers,” sent by Dealer Marketing Solutions. NADA did not send the emails, and has no relationship with the company. If you have any questions about these emails that mention NADA, contact help@nada.org.
Source: NADA

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Ford and GM Forge Different Wireless Paths

America's biggest car makers have realized the cars they make are in fact the ultimate mobile devices – moving at speed, and pushing faster data speeds too. Both Ford and GM are moving to make their cars smarter with web capability, but they announced different strategies at Mobile World Congress today. While GM announced it was partnering with AT&T to bring wireless connectivity to its cars next year, Ford partnered with an Internet player, music streaming service Spotify, using iPhones as the wireless hubs for its cars.
Source: Forbes

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Quotable
"Once they start using it, they're addicted."

    -- Kurt McNeil, GM's vice president of U.S. sales operations, commenting on the automaker's new sales app for dealership employees, Automotive News, Feb. 25


  

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