View Mobile Version | View Web Version

SPONSORED BY
NADA.org
May 16, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
As GM Safety Recalls Pile Up, So Do the Costs
Auto Recalls Speed Up, are on Track to Break a Record
U.S. Rail Network Delays Derail Auto Deliveries
Pause Expected in Auto Output
European Auto Sales Rise at Slowest Pace in Five Months
Kia K900 Takes Korean Brand into Upscale Territory
Fitzgerald Auto Malls Protects 45,000 Children on the Road
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
As GM Safety Recalls Pile Up, So Do the Costs

General Motors asked employees to step up their focus on safety following the recall of 2.6 million vehicles for an ignition switch flaw blamed for at least 13 deaths. Boy, did they ever. GM announced five new recalls [Thursday], affecting another 2.7 million vehicles, for finnicky taillamps and other problems. The recalls underscore the intense focus within GM to identify and quickly resolve issues that could pose a potential safety flaw for consumers. The cost of the recalls is adding up, however: GM said it will take a charge of up to $200 million in the second quarter to pay for the latest round of recalls. In the first quarter, GM took a charge of $1.3 billion mostly related to the ignition switch recall.
Source: Forbes

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

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Auto Recalls Speed Up, are on Track to Break a Record

American car owners have been peppered by recall announcements in 2014, as automakers have issued almost 20 million vehicle safety announcements so far this year. No, the world's cars aren't falling apart. But headlines and lawsuits over slow recalls have made auto manufacturers more vigilant. The auto industry has already recalled almost as many vehicles as it did in all of last year and is on track to break the 30.8-million record set in 2004.
Source: Los Angeles Times

Related Article:


Share: LinkedIn Twitter Facebook

[back to top]

U.S. Rail Network Delays Derail Auto Deliveries

The snow, ice and extreme chill may be gone, but automakers still are feeling the aftereffects of the harsh winter: For months, big delays in the nation's rail network have forced them to park newly built cars and trucks in guarded lots or to hire truck carriers to get them to dealers. The delays began several months ago and likely won't be erased until the Fourth of July, according to one transportation analyst. As a result, some models are in short supply and dealers and customers are having trouble getting them as quickly as they'd like. The sales hit is hurting profits for some carmakers, as they are unable to sell as many vehicles.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Pause Expected in Auto Output

Reduced summer plant idling unlikely after frigid winter led to inventory boost, analyst says

Automakers likely won't curb summer shutdowns like they have in recent years, the result of the frigid weather that swept across the U.S. in the first quarter and boosted vehicle inventory levels. Jeff Schuster, senior vice president of forecasting at Troy-based LMC Automotive, said rising inventory levels — a result of depressed sales brought on by record freezing temperatures and snowfall in many areas of the country — have prompted automakers to pause on whether they will cut back or eliminate typical two-week summer shutdowns at North American plants this year. “We're likely not going to see an acceleration this year,” Schuster said in an interview. “We'll see production increases in ‘pockets' but I don't know if it will be as widespread as in recent years.”
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

European Auto Sales Rise at Slowest Pace in Five Months

European car sales rose at the slowest pace in five months in April as doubts about economic growth in the region contributed to a drop in Germany. Registrations increased 4.2 percent to 1.13 million vehicles from 1.08 million a year earlier, the Brussels-based European Automobile Manufacturer's Association, or ACEA, said [Friday]. Four-month sales gained 7.1 percent to 4.48 million cars.
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

Kia K900 Takes Korean Brand into Upscale Territory

Kia, which has made a name for itself as a value brand, is expanding into the luxury market with the 2015 K900 sedan meant to redefine how consumers view the Korean automaker. “K900 is the beginning of a new era for Kia,” said Michael Sprague, executive vice president of marketing and sales, who was in Detroit Thursday to address the Automotive Press Association.
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

Fitzgerald Auto Malls Protects 45,000 Children on the Road


Fitzgerald Auto Malls reaches a milestone on Thursday, May 15, after installing and inspecting 45,000 child safety seats since its program began in 1999. Pictured (l-r): Maryland Attorney General Douglas Gansler, Dottie Fitzgerald and Jack Fitzgerald, dealership CEO and founder.

Fitzgerald Auto Malls reached a milestone on Thursday, May 15. The Maryland-based dealership group has installed and inspected 45,000 child safety seats. Jack Fitzgerald, CEO and founder of Fitzgerald Auto Malls, started the Fitzgerald Child Car Seat Inspection Program in 1999 after learning the dangers of improperly installed child safety seats. Since then, Fitzgerald Auto Malls, in partnership with national and local government agencies, has been committed to injury prevention and increasing the number of lives saved through properly installed child safety seats. “As a local business owner, I am proud to have the opportunity to work with the great government and state organizations to promote public safety,” Fitzgerald said.

The local Montgomery County police and fire rescue volunteers have been integral in helping to organize and staff the events. “Today we celebrate a unique public-private partnership that has helped 45,000 children travel safer and given at least as many families greater peace of mind,” said Maryland Attorney General Douglas F. Gansler. “Congratulations to all of our state and local law enforcement and fire and rescue professionals who’ve teamed with Jack Fitzgerald and his staff, for their hard work and dedication to protecting the most vulnerable passengers in any vehicle.”
Source: Fitzgerald Auto Malls

[back to top]

More Articles
 
Quotable

"Customer safety is at the heart of how GM designs and produces vehicles, and these [recall] announcements are examples of two ways we are putting that into practice."

    -- Jeff Boyer, GM’s newly appointed vice president of global vehicle safety, commenting on the recall of an additional 2.7 million vehicles on Thursday, Forbes, May 15

 Sponsored by
 

NADA Market Beat
Annual Sales Rate for New Light Vehicles Hits 16 Million in April
Chairman's Column
Auto Dealers Provide Their Customers with a Safety Net During Recalls
Videos

NADA-TV Sits with Ford's Joe Hinrichs During Automotive Forum in New York


NADA Used Car Guide Guidelines: May 2014


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 University Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted. 

-- May 21: Turn Service Customers into Sales

-- May 28: RO Cycle Time for Trucks

NADA Foundation News
NADA Foundation Seeks to Increase Charitable Giving through Ambassadors Program
 
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 .