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Inside this issue
Ford Sales Up 18%; Chrysler Sales Rise for 37th Straight Month
Farley: Lincoln MKZ Sales Rebound, Set Record in April
GM Redemption Seen Culminating in Return to S&P 500 Index
Nissan Cuts Prices on 7 US Models
EV Maker Coda Files for Bankruptcy
NADA University Seeks Workshop Proposals for 2014 NADA and ATD Conventions in New Orleans
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Ford Sales Up 18%; Chrysler Sales Rise for 37th Straight Month

Surging pickup sales sparked big sales gains for both Chrysler Group LLC and Ford Motor Co., the automakers said Wednesday. Ford Motor Co. said sales rose 18 percent in April to 212,584 and sales of its popular F-Series pickups jumped 24 percent to more than 59,000, the nameplate's best April sales month since 2006. Chrysler said its sales rose 11 percent in April to 156,698, led by strong sales from the automaker's Ram pickup, which increased 49 percent to 31,409.
Source: The Detroit News

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Farley: Lincoln MKZ Sales Rebound, Set Record in April

Ford Motor Co. today said it sold more Lincoln MKZ sedans in April than in the first three months of the year combined, as the luxury brand began to recover from lengthy production and distribution delays on the car. Jim Farley, Ford's executive vice president of global marketing and the head of Lincoln, said MKZ sales in the United States would be "right around the 4,000-unit sales mark." Total MKZ sales from January through March were 3,758, a 47 percent drop from the same period in 2012.
Source: Automotive News

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GM Redemption Seen Culminating in Return to S&P 500 Index

As the U.S. Treasury sells off its shares of General Motors Co., the automaker is likely to return to the Standard & Poor's 500 Index in the next year, passing another milestone in its redemption. “GM is a pretty highly eligible candidate for an addition to the S&P 500 because it's got a lot of things going in its favor,” said Bo Huang, an equity-index strategist at Deutsche Bank AG in New York. He cited GM's string of profitable quarters, its market capitalization of more than $40 billion and its increasing percentage of shares available to the public. Whenever this happens, it will be more than just an honor: Getting back into the S&P 500 would help U.S. taxpayers expedite their exit from the company, likely boost GM stock in the short term and help support the shares in the long run as well.
Source: Bloomberg

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Nissan Cuts Prices on 7 US Models

Nissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers. The price cuts vary with the amount of equipment on each model and run from 2.7 percent, or $580, on the top-selling Altima midsize car to 10.7 percent, or $4,400, on the Armada big SUV.
Source: The Associated Press

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EV Maker Coda Files for Bankruptcy

Company will leave autos, focus on energy

Green car startup Coda Holdings Inc. filed for Chapter 11 bankruptcy protection after selling just 100 of its all-electric sedans, another example of battery-powered vehicles' failure to break into the mass market. The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles assembler of Chinese-made EVs to exit the auto sector and refocus on energy storage, a far less capital-intensive business. The company uses the same technology it used in cars to build systems for utilities and building operators to store power.
Source: Reuters

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NADA University Seeks Workshop Proposals for 2014 NADA and ATD Conventions in New Orleans

NADA University is seeking workshop proposals on car and truck industry topics for the 2014 NADA and ATD conventions, which run concurrently in New Orleans from Jan. 24-27. “This is by far the top opportunity in our industry to share creative strategies and real solutions for success in front of a large group of auto retail professionals eager to learn how to gain a competitive edge,” said Kenneth C. Vance, chairman of NADA's Dealership Operations Committee and a new-car dealer in Eau Claire, Wis. The workshop sessions at the past convention in Orlando drew more than 17,000 attendees. The deadline to submit a workshop proposal is 5 p.m. EDT, Friday, May 10, 2013. To submit a workshop proposal for either convention, including a video clip, click here for instructions.
Source: NADA University

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More Articles
 
Quotable
"Becoming once again part of the S&P 500 is a big deal, [it will be a] moment of pride of being allowed back into the club." 

   
-- Joseph Phillippi, principal of consulting firm AutoTrends Inc., commenting on speculation that GM is likely to return to Standard & Poor's 500 index in the next year, Bloomberg, May 1
Videos

 Video: NADA Executive Analyst Jonathan Banks Predicts Strong Auto Sales in 2013 (NADAFrontPage.com)


 Automotive Forum 2013: Industry Leaders Convene in NYC (NADA-TV)

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Chairman's Column
CFPB Issue, Support for Franchised Dealer Network among Topics Discussed at Auto Forum
NADA University
MarketINSIGHT Webinars

(All webinars begin at 1 p.m. ET. Click webinar title to register.)

- May 8: Facilities Study Results You Need to Know

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- May 22: Multiply & Conquer With Multichannel Marketing

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NADA Foundation News
Virginia Auto Dealer Honors Family and Employees through NADA Foundation

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