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Inside this issue
GM Ignition-Switch Defect Response Probed by 9 States
Ford Lowers Fuel Ratings on Hybrids and Fiesta, Will Reimburse Customers
NADA: New and Used Auto Demand Blossoms in May
NADA Hires New Academy Instructor
Ghosn Explains Why Nissan-Renault Needs to be Among Top 3 Automakers
What Your Car Color Says About You
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
GM Ignition-Switch Defect Response Probed by 9 States

General Motors Co.'s delayed decision to recall almost 2.6 million cars for ignition-switch defects is being investigated by attorneys general in Florida, Connecticut and at least seven more states. GM has acknowledged 13 deaths tied to the defect, which can cut power to a vehicle's steering and brakes and prevent air bags from deploying in a crash. Company executives were aware of the defect for at least a decade before the recall. “We are a member of a multistate group that is looking into complaints about General Motors,” Whitney Ray, a spokesman for Florida Attorney General Pam Bondi, said Wednesday. Attorneys general in Connecticut, Indiana, Arkansas, Illinois, Iowa, Kentucky, Louisiana and Utah are also investigating, representatives from their offices confirmed.
Source: Bloomberg

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

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Ford Lowers Fuel Ratings on Hybrids and Fiesta, Will Reimburse Customers

Ford has lowered fuel economy ratings for six of its vehicles, mostly hybrids, and will reimburse about 215,000 customers after the automaker applied test data incorrectly. This is the second time in the last year Ford has had to lower mileage figures on some models, and is a setback to its reputation as a leader in fuel economy. The Environmental Protection Agency has given Ford 15 days to correct its labels. Ford has told dealers that new fuel economy labels will be available in approximately six days and they may continue selling the vehicles until the new labels are received.
Source: Detroit Free Press
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NADA: New and Used Auto Demand Blossoms in May

Seasonal demand lifted NADA's used vehicle price index to 126.8, 0.5% better than the previous record set a month earlier, according to the National Automobile Dealers Association (NADA) Used Car Guide in the June edition of Guidelines, a monthly report on new and used vehicle sales trends and price movement. "Auto demand blossomed in May as warmer weather and the fast approaching summer vacation season pulled more consumers to dealer lots," said Jonathan Banks, executive automotive analyst of NADA Used Car Guide.
Source: InsuranceNewsNet.com
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NADA Hires New Academy Instructor


Thomas O. Carney, Jr., has joined NADA and ATD as an Academy instructor. “I’m excited to be part of the team that supports the dealer franchise system,” said Carney. “NADA has been a key source of automotive intelligence throughout my 30 years in the business.” Over his career, Carney has worked for various companies in senior level sales and marketing positions. He was employed by Volkswagen of America, American Honda Motor Corp. and American Suzuki Motor Corp. working in positions ranging from sales, distribution and dealer development. He also managed a Suzuki dealership in Huntsville, Ala., and has taught as a professor at Northwood University, Cerritos College and Jilin University-Lambton College in China.

“With more than three decades of automotive experience in diverse senior leadership positions with manufacturers, dealerships and allied companies, including teaching as a Northwood University professor for several years, Tom will have a significant impact on the design and delivery of the Academy’s curriculum,” said John Lyboldt, NADA vice president of dealership operations. “Tom also has teaching and sales experience working in Asia, which will benefit our students and members.”
Source: NADAFrontPage.com
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Ghosn Explains Why Nissan-Renault Needs to be Among Top 3 Automakers

Renault-Nissan CEO Carlos Ghosn elaborated on his goal to make the French-Japanese alliance one of the world's top three vehicle producers, saying automakers nowadays must achieve economies of scale to remain competitive. A fundamental shift has occurred in the industry, Ghosn said. "Fifteen years ago, the largest carmakers were not necessarily the most competitive. It is now increasingly difficult for small players to remain competitive," he said. Automakers today fall under two categories: "Those that have achieved economies of scale and those that have not," he said, adding that Renault-Nissan "is not yet among the world's largest carmakers, but we are not far away." Ghosn said that while Renault-Nissan is "not obsessed" about increasing volumes the company must continue to do what is necessary so that it can "increasingly take advantage of economies of scale."
Source: Automotive News

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What Your Car Color Says About You

Does your car "color" your personality? Car color can act as a psychological shortcut that expresses how we want the world to think about us. Gender and age influence choices, along with what colors are available on the lot. Of course, that's not all there is to choosing a color. "Color preferences change throughout time and may differ by region or vehicle type," says Nancy Lockhart, a color marketing manager with Axalta Coating Systems (formerly DuPont), a global car-coating business in Detroit. "The personality of the vehicle is as important as the personality of the buyer. The vehicle style, design and branding can influence color choices. Click here to see what your car's color says about you.
Source: Bankrate.com
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Quotable

"Auto demand blossomed in May as warmer weather and the fast approaching summer vacation season pulled more consumers to dealer lots."  

   
-- Jonathan Banks, executive automotive analyst of NADA Used Car Guide, commenting on strong auto demand during the month of May, InsuranceNewsNet.com, June 11

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