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Inside this issue
August 2013 Looks to Be the Biggest Month Ever for New-Car Sales
Economy in U.S. Grew More Than Forecast in Second Quarter
Ford Fusion Cruises Off Dealers' Lots
GM Boosts Chevrolet Malibu Fuel Efficiency to Top Camry
Toyota Refines Battery Chemistry to Improve Next Prius
Nissan Aims to Recast Image With High-Tech, Electric Cars
NADA Director Hosts Ohio Congressman at Dealership
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
August 2013 Looks to Be the Biggest Month Ever for New-Car Sales

“It’s a good time to be in the car business,” says one car dealership owner in Wisconsin. This isn’t just part of some sales spiel either. “People just seem ready to do something,” Wally Sommer, whose family owns Buick-GMC and Subaru dealerships in Mequon, Wisc., explained to the Milwaukee Journal Sentinel recently. What he’s talking about is ending the looky-loo stage, getting off the fence, and actually buying a new car. “We’re seeing it from a lot of different types of customers. It’s a good time to be in the car business.”
Source: TIME

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Economy in U.S. Grew More Than Forecast in Second Quarter

The U.S. economy expanded at a faster pace in the second quarter as a smaller trade deficit and gains in inventories overshadowed the effects of federal budget cutbacks. Gross domestic product rose at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent, Commerce Department figures showed today in Washington. The improvement is consistent with projections that the U.S. has been able to weather the fallout of government budget cuts and higher taxes and is poised to pick up once those restraints fade. Gains in employment and home prices that are shoring up confidence signal households will sustain spending, the biggest part of the economy. Consumer spending climbed 1.8 percent, the same as previously reported, propelled by gains in durable goods such as automobiles and appliances.
Source: Bloomberg

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Ford Fusion Cruises Off Dealers' Lots

Ford is ramping up production of the popular midsized car. The automaker is adding 1,400 workers, and a second shift at one of its Detroit area plants. The Fusion has helped deliver the best numbers the automaker has seen since 2006. Ford sales have climbed 13 percent in the U.S. this year alone.
Source: NPR


Related stories:


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GM Boosts Chevrolet Malibu Fuel Efficiency to Top Camry

General Motors Co., updating the Chevrolet Malibu after disappointing sales, said the 2014 model’s estimated fuel economy for city and highway driving will increase 12 percent, beating the Toyota Camry. The base 2014 Malibu, which reaches U.S. showrooms later this year, will get 29 miles per gallon in combined city and highway use, Detroit-based GM said in a statement. The 2013 base model was rated at 26 mpg, according to the U.S. Environmental Protection Agency’s website. Toyota Motor Corp.’s 2014 base Camry gets a combined 28 mpg, according to the EPA.
Source: Bloomberg 

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Toyota Refines Battery Chemistry to Improve Next Prius

Toyota Motor Corp., which dominates the hybrid-vehicle market with its Prius, said the company’s next generation of batteries will be more efficient and improve mileage. Toyota’s future hybrids will have batteries with higher energy density and power, Satoshi Ogiso, chief engineer for the Prius line, hybrid vehicles and plug-in hybrids, told reporters yesterday. Toyota has delivered more than 5 million hybrid Toyota and Lexus models globally since offering the first Prius in Japan in late 1997 and the U.S. three years later. Ford has sold 53,014 electrified vehicles in the U.S. this year through July, almost five times its deliveries a year earlier.
Source: Bloomberg

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Nissan Aims to Recast Image With High-Tech, Electric Cars

Nissan Motor Co.'s reputation as a top auto maker once was cast in the horsepower, speed and style of its "Z" sports cars. No more. The Japanese company wants its image defined by a coming electric car that drives itself. Nissan's decision to highlight its foray into autonomous, zero-emission driving at a lavishly staged program here says a lot about how the auto industry is rapidly changing in the era of Tesla-mania. Like most of its rivals, the 80-year-old company is caught between its past—defined by gasoline fumes, horsepower and revolutions per minute—and a future vision of mobility that is coolly electronic, computerized and to a great extent petroleum-free.
Source: The Wall Street Journal


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NADA Director Hosts Ohio Congressman at Dealership

U.S. Rep. Dave Joyce was recently invited to meet with Akron-area dealers and employees from Cascade Auto Group, a dealership in his home district of Ohio. NADA Director Michelle Primm, the dealership’s managing partner, led an hour-long discussion on issues that included LIFO and the estate tax. “We talked about how hard it is to run our businesses today because of tax uncertainty and excessive regulations coming out of Washington, such as the burdens and high cost of compliance from the new healthcare rules,” said Primm, who employs 65 people, including 10 military veterans, at its Subaru, Mazda and Audi dealerships in Cuyahoga Falls, Ohio.

Rep. Joyce, a Republican serving his first term in Congress representing Ohio’s 14th district, listened as each dealer highlighted the economic impact their dealerships have on the community—from jobs created, sales taxes collected and taxes paid. The congressman later toured the dealership and met with employees.
Source: NADAFrontPage.com

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More Articles
 
Quotable
"We will get stronger growth in the second half. Household spending growth is helping the economy. The drag from the government sector is going to be out of the way."

    -- Sam Coffin, an economist at UBS Securities LLC in Stamford, Conn., Bloomberg, Aug. 29
NADA Market Beat
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Videos

 
Audi Training Venture with NADA Improves Showroom Experience (NADAFrontPage.com)


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

- Sept. 4: Increase Sales: Legally Maximize the Value of Data

- Sept. 11: Get 5 Stars Your Customer’s First Impression

- Sept. 18: Influence is Key to Internet Sales Growth

 For more information about the webinars, click here.

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