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Inside this issue
Bill Ford Jr. 'Hopeful' About Detroit Following Bankruptcy Filing
EXPERIENT Is the Official Contractor for NADA Convention Hotel Reservations in New Orleans
With Output Up, Suppliers Get Help, Scrutiny
Opinion: Used-Vehicle Prices: Place Your Bets
North American Car and Truck of the Year Early Contenders Released
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Bill Ford Jr. 'Hopeful' About Detroit Following Bankruptcy Filing

Bill Ford Jr. says he's “hopeful” about the city of Detroit's prospects following the largest municipal bankruptcy filing in U.S. history. Ford Jr., executive chairman of Ford Motor Co. — which narrowly avoided bankruptcy during the recent auto crisis and which saw its two domestic competitors, Chrysler Group LLC and General Motors Co., go through painful restructurings — says Detroit's Chapter 9 filing, while not ideal, doesn't stain the image of the entire state, which has been the recent beneficiary of billions of dollars in investments, has experienced falling unemployment numbers and has turned around its balance sheet. “Our state as a whole is doing really well,” Ford Jr. said Saturday at an event honoring his great-grandfather, Henry Ford. “A lot of the measures that one looks at, whether job creation or a budget surplus, there a lot of very positive things going on in the state.
Source: The Detroit News

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EXPERIENT Is the Official Contractor for NADA Convention Hotel Reservations in New Orleans

The NADA and ATD Convention & Expo staff have received phone calls and emails from members and exhibitors who are being solicited by unaffiliated hotels and reservation companies to book hotel rooms for the 2014 conventions in New Orleans. The official contractor for convention housing and registration is EXPERIENT, which is authorized by NADA to offer hotel room rates, cancellation policies and registration. NADA has no control over the cancellation policies, processing fees, guarantees or other charges from unaffiliated vendors. Click here for a full list of official contractors for the convention. Online registration and housing is now open. For more information or to register, visit www.nadaconvention.org or www.atdconvention.org.
Source: NADA/ATD Convention & Expo

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With Output Up, Suppliers Get Help, Scrutiny

As light-vehicle production in North America approaches a record this summer, automakers are exerting more influence over suppliers to eliminate production bottlenecks. Automakers are walking a tightrope: They seek good relations with suppliers to ensure the best possible technology and prices. But they want to exert more control to ensure a reliable flow of parts at a time when suppliers are preparing for a wave of product launches. This year automakers have scheduled 23 product launches in North America, according to IHS Automotive. That means suppliers must install new tooling, produce new parts and open new assembly lines. In the third quarter, light-vehicle production in North America is expected to total 4 million units, slightly higher than the third-quarter production record of 3.9 million units set in 1999, according to LMC Automotive. Jeff Schuster, executive director of LMC's forecasting division, estimates that assembly plants are running at 91 percent of capacity for the year. "We're getting tight," Schuster says. "We're getting to the point where we might hit the wall."
Source: Automotive News
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Opinion: Used-Vehicle Prices: Place Your Bets
By James B. Treece

Where are used-car prices heading? For a change, there's now some disagreement on that question. For the past several years, experts who watched the used-vehicle market agreed that prices would stay high. Supplies were short because of the collapse of new-vehicle sales during the recession and the federal cash-for-clunkers program, while demand remained strong. It was a simple equation. Used-vehicle prices have come off their peak but haven't tumbled. Now there are three main predictions for what comes next.

Prices will stay high. Demand remains strong and could grow, and the supply isn't increasing all that much, say the proponents of this view. The July issue of NADA Used Car Guidelines, for example, notes that while there are more 1- to 3-year-old vehicles coming into the used-vehicle market, the supply of older cars and trucks -- say, up to 8 years old -- remains thin. The folks at NADA Used Car Guide predict that prices will remain high through year end. Supply will continue to grow, but that downward pressure on used-vehicle prices will be "tempered" by new-vehicle sales volumes remaining "well below pre-recession levels through at least 2014," the report from the National Automobile Dealers Association says. Its conclusion: "We now expect to see 2013 close out with used-vehicle prices essentially unchanged from 2012's historically high average of $15,664." Click here for two more predictions.
Source: Automotive News
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North American Car and Truck of the Year Early Contenders Released

The North American Car and Truck of the Year jurors have released their long list of early contenders for the 2014 top spots. Among the candidates for the two prestigious annual awards — in their 21st year — are five Chevrolet models, two Cadillacs and a pair of Fiats, according to a list distributed to jurors this weekend. The new Chevrolet Corvette and Cadillac ELR are both early candidates in the car category; the Chevrolet Silverado, GMC Sierra, Ram 2500 and 2500 and Ford Transit Connect are all early considerations in the truck and utility category. The jurors in December will narrow the list to five for cars and for trucks and utilities. A winner from each category will be announced during the North American International Auto Show in January. Click here for a list of the nominees.
Source: The Detroit News
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More Articles
 
Quotable
"We're getting tight. We're getting to the point where we might hit the wall."

   
-- Jeff Schuster, executive director of LMC's forecasting division, commenting on his estimate that assembly plants are running at 91 percent capacity for the year, Automotive News, July 29


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