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Inside this issue
U.S. Light-Vehicle Count, Dented By Recession and Consumer Shifts, Peaked at 236.4 Million in 2008, Study Says
Court Declines to Hear Challenge to EPA's Stance on E15 Gasoline
GM Plays Musical Chairs, Roils Chattanooga Market
N.J. Dealers Have a New Hiring Tool
Hyundai CEO Krafcik Named Automotive Executive of the Year
Video: NADA Foundation Helps Tornado Victims
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
U.S. Light-Vehicle Count, Dented By Recession and Consumer Shifts, Peaked at 236.4 Million in 2008, Study Says

The number of light vehicles on U.S. roads peaked at 236.4 million in 2008, then dropped through 2011, reflecting the auto industry's sharp sales slump and echoing findings from other recent reports that Americans are driving less, a University of Michigan researcher says. Michael Sivak, citing a variety of demographic, lifestyle and economic changes, said the number of registered cars, pickups, SUVs and vans in the United States dropped by another 2.6 million by 2011 to 233.8 million. He blames the recession for the decrease in light-vehicle population and suggests that the number of registered light vehicles will rise again. "It is likely that this was only a temporary maximum and that the decline after 2008 was primarily driven by the current economic downturn that started that year," Sivak said in a statement. "Consequently, with the improving economy and the expected increase in the U.S. population, it is highly likely that from a long-term perspective, the absolute number of vehicles has not yet peaked."
Source: Automotive News
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Court Declines to Hear Challenge to EPA's Stance on E15 Gasoline

Automakers face an uphill battle to block the use of a higher blend of ethanol fuel after the U.S. Supreme Court on Monday declined to reverse the Environmental Protection Agency's decision to approve a higher blend of ethanol for vehicles from model year 2001 and newer. It means that in the next few years, more drivers may have little choice but to fuel up with E15 gasoline, which contains 15 percent ethanol versus the 10 percent found at most pumps. Automakers' only hope of blocking E15 lies with Congress — an uphill battle, given support for ethanol from the Obama administration and corn-growing states. Ethanol can degrade rubber, plastic, metal and other materials in vehicles not designed to handle it, automakers say.
Source: The Detroit News
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GM Plays Musical Chairs, Roils Chattanooga Market

The turmoil is finally subsiding in the Chattanooga [Tenn.] market four years after the national economic crisis and the bankruptcy of General Motors. But getting the car business back in order in this mountainous market of 350,000 people has been a game of musical chairs. The former Cadillac dealer is now a Subaru dealer. A Buick dealer has become a Chevrolet dealer. The Saturn dealer is now the Chevrolet and Cadillac dealer. The former Cadillac dealer's former Infiniti franchise is now owned by the Jaguar-Porsche dealer. Buildings have changed hands. Car inventories have been shuttled from one location to another. And as the dust settles from the auto industry's rough passage, Chattanooga's car dealers have embraced a new order and moved on. "It's been an interesting period to live through," says local dealer Tim Kelly. "General Motors sort of dumped out the box here, but I think we've gotten it all sorted out again now."
Source: Automotive News

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N.J. Dealers Have a New Hiring Tool

As vehicle sales rise, New Jersey dealers are doing more hiring. And many need help finding good candidates. So the New Jersey Coalition of Automotive Retailers has partnered with The Employment Network, a Web-based employment screening company, to help dealers identify qualified potential hires quickly and efficiently, says Jim Appleton, the association's president. Most of the association's 515 members are expected to increase their staffs by 25 to 35 percent, Appleton says. "Dealers were comfortable using the tools available to them in the past, from the good old-fashioned help-wanted ads to stealing someone else's employee to word-of-mouth," Appleton says. "But as the pace is picking up, they are looking for better tools."
Source: Automotive News
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Hyundai CEO Krafcik Named Automotive Executive of the Year

When John Krafcik joined Hyundai Motor America in 2004 after a decade-and-a-half at Ford Motor Co., the Korean automaker had a 2.5 percent U.S. market share. In the nine years since, Hyundai's market share has nearly doubled, finishing 2012 with nearly 5 percent market share, buoyed by new products, technologies and an emphasis on customer relations. Krafcik’s role in Hyundai's success — beginning as vice president of product development in 2004 before shifting to president and chief executive in 2008 — was recognized when he received the prestigious Automotive Executive of the Year award Friday at the Detroit Athletic Club. “John Krafcik has literally reshaped the way Hyundai approaches the market with consumer focus, compelling design, and enduring value,” Robert Djurovic, executive director of the Automotive Executive of the Year Award program, said in a statement. “It's no surprise that accolades for Hyundai products just keep coming.”
Source: The Detroit News
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Video: NADA Foundation Helps Tornado Victims

Dealers, through the NADA Foundation, provided some much-needed financial assistance to dealership employees impacted by the recent tornado in Oklahoma. Click here to view the video.
Source: NADAFrontPage.com
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More Articles
 
Quotable
"A car franchise is a member of the family. You grow up with it." 

     --- Tim Kelly, a dealer in Chattanooga, Tenn., commenting on the turmoil of the 2008 economic crisis finally subsiding in the local market, Automotive News, June 24


NADA Market Beat
May Sales Rise 12.3 Percent Over April
Chairman's Column
NADA Charitable Foundation Aids Dealership Employees Devastated by Tornado
Videos

 
Video: NADA Chairman Discusses How CFPB Guidance Could Hurt Consumers (NADAFrontPage.com)


Video: Bob Lutz on the Future of Electric Cars, Tesla, Fisker and Better Place (CNBC)

More Videos

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

- June 26: Advertising Checklist: Check Ten Boxes to Win!

- July 10: Master the Modern Internet “Phone-Up”

- July 17: Put the Brakes on Auto Theft and Vandalism

- July 24: Accessory/Service Drive Warranty Sales Success

 For more information about the webinars, click here.

NADA Foundation News
Oklahoma Auto Dealers Donate $50,000 for Tornado Relief

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