View Mobile Version | View Web Version

SPONSORED BY
NADA.org
May 2, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Sales Rise 8% as Spring Thaw Gains Momentum
Fields Ready to Hit Ground Running as Ford's Chief
GM Asks Halt to Suits Relating to Bankruptcy
April Used Sales Near 4M; CPO Appears Strong
Jaguar Land Rover Shares Knowledge on Aluminum with Mercedes, Audi
Ode to Olds: Remembering Brand a Decade Later
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Sales Rise 8% as Spring Thaw Gains Momentum

SAAR has now topped 16 million threshold 4 of last 9 months

U.S. light-vehicle sales rose 8 percent to nearly 1.4 million in April, with strong retail sales and pent-up demand adding momentum to the industry's spring thaw. Among major automakers, Nissan Motor Co., Chrysler Group and Toyota Motor Corp. set the pace with solid double-digit gains aided by redesigned crossovers and light trucks. The annualized sales rate, adjusted for seasonal trends, increased to 16.1 million from 15.2 million a year earlier. In March, the SAAR was 16.4 million -- the best showing since November 2013 and among the highest rates since early 2007. Steven Szakaly, chief economist for the National Automobile Dealers Association, said low interest rates, the introduction of new or redesigned models and improving housing and labor markets continue to bode well for U.S. light-vehicle sales. “The broader economy is very strong,” Szakaly said.
Source: Automotive News

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Fields Ready to Hit Ground Running as Ford's Chief

Mark Fields' rise to chief executive of Ford Motor Co. comes at a time when the Dearborn automaker is free of controversy, chaos or financial distress. In other words, today's Ford is everything it wasn't when Alan Mulally took over eight years ago. Mulally, 68, came to Dearborn as Ford racked up $30 billion in losses from 2006-08. Since then, the automaker has earned more than $42 billion. Fields inherits a company that has made money in 19 consecutive quarters and likely will post profits between $7 billion and $8 billion this year.
Source: The Detroit News

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

GM Asks Halt to Suits Relating to Bankruptcy

Court to decide whether auto maker can be held liable

General Motors Co. is asking those suing it over ignition-switch issues to voluntarily halt those lawsuits, according to documents filed ahead of a Friday bankruptcy-court hearing on the issue. The lawsuits, which seek damages over things such as lower car value and loss of use of a vehicle, should be stayed within 10 days, GM said in a letter Thursday to U.S. Bankruptcy Judge Robert Gerber, as the bankruptcy court decides whether GM can be held liable for these issues. If the parties suing refuse, they should be required to file documents with the bankruptcy court by May 25, and GM will respond by June 10.
Source: The Wall Street Journal

Editor's note: For more information on the GM recall, go to www.gmignitionupdate.com or www.safercar.gov.
Share: LinkedIn Twitter Facebook

[back to top]

April Used Sales Near 4M; CPO Appears Strong

Although final numbers are still being sorted out, April's used-vehicle sales likely reached a summit just a shade under 4 million, according to CNW Research, which said this would beat year-ago numbers by 3.7 percent. The firm put out its latest Retail Automotive Summary on Wednesday, not long before many automakers were releasing monthly certified pre-owned numbers. Much like the growth in overall used numbers, the certified segments appears to have had a solid April, as well, based on early indications.
Source: Auto Remarketing
Share: LinkedIn Twitter Facebook

[back to top]

Jaguar Land Rover Shares Knowledge on Aluminum with Mercedes, Audi

It's the exact opposite of hush-hush corporate security: Jaguar Land Rover wants to share everything it knows about assembling aluminum-bodied cars. And that has made Jaguar Land Rover's Solihull assembly plant in England a popular destination for manufacturing executives from Audi, Mercedes-Benz, Ford and others. Why is the company so happy to share its patented procedures? Because it hopes that doing so will save the company money in the long run.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Ode to Olds: Remembering Brand a Decade Later

April 29th is a bittersweet day for Florida Chevrolet dealer George Nahas. A decade ago, Nahas sat in the passenger seat of the last Oldsmobile ever built, a dark red Oldsmobile Alero, as it rolled off the assembly line in Lansing, Mich. When the wheels on that car stopped, a 100-year-old brand was dead. Nahas, then chairman of the Oldsmobile dealer council, moved on to Saturn. When General Motors killed that brand in 2009, Nahas landed a Chevrolet dealership in Wildwood, Fla., northwest of Orlando. He's selling a lot of cars and trucks these days. But Nahas still thinks of Oldsmobile from time to time -- and what might have been had GM managed its brands properly. “It was a great franchise and had one of the best field staffs,” recalls Nahas. “I certainly miss it. Much of what I am is from Oldsmobile. We were a tight-knit family.”
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"The broader economy is very strong." 

   
-- Steven Szakaly, chief economist for NADA, commenting on strong light-vehicle sales during the month of April, Automotive News, May 1

 Sponsored by
 

NADA Market Beat
Light-vehicle Sales Bounce Back in March
Chairman's Column
Auto Dealers Provide Their Customers with a Safety Net During Recalls
Videos

NADA-TV Recap of the 2014 NADA/J.D. Power Automotive Forum


NADA's Jonathan Collegio Highlights the Franchised Dealer System on Bloomberg TV


NADA-TV: General Motors CEO Mary Barra Headlines Automotive Forum in New York


General Motors CEO Mary Barra Sits Down for an Exclusive Interview with NADA-TV

NADA Foundation News
New Orleans' High Schools Receive CPR Training Manikins

ADESA and NADA Donate $37,000 to Canine Companions

NADA and Ally Donate $50,000 to Second Harvest Food Bank in New Orleans 
 
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 .