View Mobile Version | View Web Version

SPONSORED BY
  
NADA.org
March 8, 2013 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Deadline to Participate in 2013 Dealership Workforce Study Extended to April 30
Consumer Credit Increase Largest in 5 Months
Five Cars Pass New, Tougher Crash Test
BMW Regains Sales Lead From Audi as Mercedes Falls Behind
U.S. Sen. Carl Levin, Auto Industry Ally, Won't Seek 7th Term
Drive Into the Future
Subaru Recalls Cars That Can Start on Their Own
Natural Gas Cars Not A Hit With Consumers Yet
42 Chrysler Dealerships Aim for $1M in United Way Giving
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Deadline to Participate in 2013 Dealership Workforce Study Extended to April 30

The deadline to participate in the 2013 Dealership Workforce Study has been extended to April 30. It's the only NADA-ATD study that compares an individual dealership’s compensation and benefits, retention and turnover, work schedules and hours of operation to aggregated peer data. With the results, dealers will be empowered to make data-based decisions when recruiting, hiring and motivating employees. Only NADA and ATD members are eligible and there is no charge to participate.

To participate, go to www.nadaworkforcestudy.com, and follow the step-by-step directions to complete the survey and upload your payroll data file. There are separate processes for single dealership enrollments and multidealer group enrollments. Each participating dealership will receive a complimentary individualized Basic Report comparing its data against data aggregated on a regional and national basis. Participants will also receive a complimentary Dealership Workforce Study Industry Report. Participants may purchase an individualized Enhanced Report, which compares the individual dealership’s data against data for the franchise and state. Automotive Trade Association Executives will play a vital role in generating a strong level of participation by their member dealers at the state and metro levels. NADA University has once again teamed up with DeltaTrends and Northwood University. DeltaTrends is handling data collection and analysis. Northwood University will prepare the Industry Report. The first annual Dealership Workforce Study was completed in 2012.
Source: NADA University

[back to top]

Consumer Credit Increase Largest in 5 Months

Consumer credit in January recorded its largest increase in five months, as consumers borrowed to buy cars and go to school, Federal Reserve data showed on Thursday. Total consumer installment credit expanded by $16.15 billion to $2.795 trillion. Economists polled by Reuters had expected consumer credit to rise $14.50 billion in January. Nonrevolving credit, which includes auto loans as well as student loans made by the government, rose $16.04 billion in January. That followed an $18.25 billion jump in December.
Source: Reuters

[back to top]

Five Cars Pass New, Tougher Crash Test

The revised 2013 Honda Civic is the first compact car to earn a Top Safety Pick "Plus" designation from the Insurance Institute for Highway Safety. The insurance industry group does its own crash testing separate from the National Highway Traffic Safety Administration crash test program required for new vehicles. Two Civics -- both the two-door and four-door models -- and three other larger vehicles earned this top rating, it was announced today. The other top scorers were the redesigned 2014 Mazda6 midsize mainstream sedan, the Lincoln MKZ midsize luxury sedan and the Volvo XC60 midsize luxury SUV.
Source: USA Today

[back to top]

BMW Regains Sales Lead From Audi as Mercedes Falls Behind

Bayerische Motoren Werke AG (BMW) regained the top spot in luxury auto sales from Audi AG last month on demand for the 3-Series and X1 SUV, while the Mercedes-Benz brand fell further behind its German rivals. Deliveries at the BMW brand, the world’s biggest luxury carmaker since 2005, rose 7 percent in February, beating the 3.2 percent gain posted by Volkswagen AG’s Audi. BMW’s bigger increase helped propel it back into the sales lead for the year, with the Munich-based automaker delivering 407 more cars than Audi in the first two months.
Source: Bloomberg

[back to top]

U.S. Sen. Carl Levin, Auto Industry Ally, Won't Seek 7th Term

Carl Levin, the six-term Democratic senator from Michigan known for his steadfast backing of the U.S. auto industry, won't run for re-election in 2014, his office said [Thursday]. Levin, 78, has served in the Senate since 1979. In a statement, he said he decided to retire because he does not want to focus on campaigning for the next two years.
Source: Automotive News

[back to top]

Drive Into the Future

Ford Motor Co. wants to read car buyers' minds. A fantasy? Maybe. But by mashing together large databases and analytical algorithms, the Dearborn, Mich.-based auto maker may have achieved the next best thing. About three years ago, Ford began offering a system to dealerships that reads the dealer's inventory, checks national and local supplies of vehicles, interprets buying trends and makes recommendations about what vehicles the dealer should stock—for example, three Ford Fusions with blue paint and specific types of engines. The result has been significant. Ford vehicles are sitting on lots for fewer weeks, and the prices consumers are paying are rising.
Source: The Wall Street Journal

[back to top]

Subaru Recalls Cars That Can Start on Their Own

Subaru of America is recalling more than 47,000 cars and SUVs with remote starters because the engines can start on their own. The recall affects some Legacy and Outback cars from the 2010 to 2013 model years. Also covered are the Impreza from 2012 and 2013 and the XV Crosstrek from 2013.
Source: The Associated Press

[back to top]

Natural Gas Cars Not A Hit With Consumers Yet

Natural gas cars seem to be stuck in neutral when it comes to consumers. Despite declining prices of natural gas, an effort to increase fueling stations, rebates and relentless cheerleading from T. Boone Pickens and others, the number of consumers opting for natural gas cars remains low. Honda is still the only major manufacturer with a natural gas sedan marketed to consumers and sales are below earlier expectations.
Source: Forbes

[back to top]

42 Chrysler Dealerships Aim for $1M in United Way Giving

Following a successful fundraiser for United Way last December, Chrysler dealers will now repeat the sales promotion efforts with the goal of doubling donations. This week, Chrysler Group announced that the company and its 42 Detroit metro dealerships will re-launch a fundraising initiative for United Way for Southeastern Michigan during the month of March, after a December drive raised $514,300 for United Way by donating $100 for every Chrysler, Jeep, Dodge, Ram and Fiat vehicle sold that month. Now, Chrysler Group and its dealerships will again set aside $100 per vehicle sold during March with the goal of reaching a combined December and March donation of $1 million
Source: Auto Remarketing

[back to top]

More Articles
 
Quotable
"Making sure the inventory matches what the customer is looking for is really critical. The dealer makes a major investment every time he or she orders a vehicle...."

   
-- John Ginder, manager of system analytics and environmental sciences in Ford's research and advanced engineering division, referring to a vehicle inventory database and analytical system used by its dealers, The Wall Street Journal, March 7
Register Today for Auto Forum in NYC March 26

Videos

 Video: Meet 2013 NADA Chairman David Westcott (NADA-TV) 


 Video: NADA 2012 Year in Review (NADA-TV)

 More Videos 

  
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .