View Mobile Version | View Web Version

SPONSORED BY
NADA.org
May 22, 2013 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
New NADA President Testifies Before Senate on Rental Car Recall Bill
Rising Car Sales Shrink Annual Summer Plant Shutdowns For Detroit's Big Three
100,000 Electric Cars Sold, But Expectations Lag
Lutz's VL Automotive, Chinese Supplier Bid for Fisker, Report Says
Longtime Auto Industry Lobbyist Will Retire
NADA, GM Reach Out to Tornado Victims
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
New NADA President Testifies Before Senate on Rental Car Recall Bill

Legislation would add new penalties, inspections and reporting requirements for franchised dealers

NADA President Peter Welch testified yesterday before a Senate consumer protection subcommittee on S. 921, a bill concerning rental car recalls. During his testimony, Welch emphasized the vital role that auto dealers play in fixing recalled vehicles. While supporting the purpose behind the bill, Welch informed Senators that recall work can sometimes be delayed because the part needed to remedy the recalled vehicle has not yet been designed or manufactured. Under the bill, a rental vehicle would have to be put out of service if the part needed was unavailable. NADA's president cautioned Senators against regulating “multinational corporations with fleets of hundreds of thousands of rental vehicles” the same as “auto dealers with fleets of five loaner vehicles.” Also, Welch raised concerns that the bill would subject dealers to new federal inspections, new federal reporting requirements and stiff new penalties. A copy of Welch's testimony can be found here. To view the hearing, click here.
Source: NADA Legislative Affairs
Share: LinkedIn Twitter Facebook

[back to top]

Rising Car Sales Shrink Annual Summer Plant Shutdowns For Detroit's Big Three

Summer vacation will be cut short for more auto factory workers this year, as carmakers try to keep up with heightened demand. Detroit automakers plan to reduce their annual two-week July shutdowns at dozens of North American plants that produce popular models such as Ford Motor Co.'s F-Series pickup trucks and Chrysler Group LLC's Jeeps. “This sends a strong signal that the industry is in a healthy place,” Jeff Schuster, senior vice president of forecasting at market researcher LMC Automotive, said in a telephone interview. “Competitively, automakers don't want to be caught without vehicles that consumers want.” Ford, General Motors Co. and Chrysler — which have collectively grown their market share this year for the first time in two decades — have their North American plants running at or above capacity, meaning nearly all operate two shifts, with many running three. And this year, they are trying to squeeze every bit of production from their plants.
Source: The Detroit News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

100,000 Electric Cars Sold, But Expectations Lag

While we're not exactly sure when or where it happened, some green-minded U.S. motorist helped the nascent battery car market reach a critical milestone this past weekend, purchasing the 100,000th plug-in vehicle – or so claims the advocacy group Plug-In America. Proponents are hailing the news and noting that it's been barely three years since the launch of the modern battery-car industry with the nearly simultaneous debuts of the Chevrolet Volt plug-in hybrid and the Nissan Leaf battery-electric vehicles. Since then, similar products have hit the market, from the little Chevrolet Spark battery car to the new Porsche 918 plug-in supercar, which the German maker announced last week. In fact, most major automakers expect to have some form of plug-based vehicle for sale by next year, if only to meet California's demanding new Zero-Emission Vehicle mandate. Despite the new offerings, sales have fallen short of expectations. The Obama Administration, for example, drove into D.C. promising to help put 1 million plug-based vehicles on the road by 2015. Few now believe that's possible. For now, don't expect a surge. After all, Toyota sells more Camry sedans in three months than all the plug-ins currently on U.S. roads.
Source: NBC News
Share: LinkedIn Twitter Facebook

[back to top]

Lutz's VL Automotive, Chinese Supplier Bid for Fisker, Report Says

A boutique automaker led by former General Motors executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters. VL Automotive and China's Wanxiang Group made an offer this month to buy Fisker through a prepackaged bankruptcy deal, the sources said, speaking on condition of anonymity because the discussions are private. The proposal is one of at least two ongoing efforts to revive Fisker, which terminated the bulk of its workforce to preserve cash and hired bankruptcy advisers earlier this year.
Source: Reuters
Share: LinkedIn Twitter Facebook

[back to top]

Longtime Auto Industry Lobbyist Will Retire

One of the longest serving auto industry lobbyists said late Tuesday he will retire early next year. Mike Stanton, president and CEO of the Association of Global Automakers, the trade association representing primarily Asian and luxury automakers, disclosed his decision at a meeting Tuesday. Stanton, who will be 69 when he retires, plans to spend more time with family and friends. Stanton has spent over 35 years representing motor vehicle manufacturers before Congress, the White House and state legislatures. He announced the move to give his members enough time to find a replacement. Global Automakers will retain an executive search firm and establishing a search committee composed of member automakers to help find the organization's next chief.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

NADA, GM Reach Out to Tornado Victims

The National Automobile Dealers Association and General Motors began reaching out Tuesday with assistance to dealers and victims affected by Monday's tornado in Oklahoma. Auto dealers affected by the tornado near Oklahoma City can go to the National Automobile Dealers Charitable Foundation for help. "NADA is working with state and metro dealer associations in the affected states to notify dealers and their employees that financial assistance is available," David Hyatt, NADA vice president of public affairs, said in an e-mail. Dealership employees can apply directly to the foundation's Emergency Relief Fund for assistance, or dealers can apply for their employees. NADA has provided more than $5.4 million to about 8,500 dealership employees in need since the fund was started in 1992, including $3.5 million to about 5,600 dealership employees after Hurricane Katrina in 2005. Click here to apply for assistance.
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable
"NADA is working with state and metro dealer associations in the affected states to notify dealers and their employees that financial assistance is available." 

   
-- David Hyatt, NADA vice president of public affairs, referring to the NADA Foundation's Emergency Relief Fund that will provide financial assistance to the Oklahoma tornado victims, Automotive News, May 21
Videos


Video: NADA Analyst Jonathan Banks Predicts Strong Auto Sales in 2013 (NADA-TV)


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

 More Videos

Chairman's Column
CFPB Guidance Lacks Transparency and Research
NADA University
MarketINSIGHT Webinars

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

- May 22: Multiply & Conquer With Multichannel Marketing

- May 29: Create a Task-Based Accounting Office

- June 5: DMS Access: Practical and Regulatory Concerns

- June 12: Boost Revenues, Increase Car Counts at No Cost

For more information about the webinars, click here.
NADA Foundation News
NADA Foundation Ambassador Tarik Daoud Provides Scholarships to Detroit-Area Students

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 .