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Inside this issue
Bill Ford Predicts 'Radical Transformation' of Auto Industry
GM's Barra, Delphi CEO to Go Before Senate Panel
U.S. Auto Recalls Smash Single-Year Record with 6 Months to Go
Small SUVs Claiming a Larger Slice of Market
Retail Demand, Favorable Credit Keep Wholesale Used-Vehicle Prices High
BMW Has Best-Ever First Half with More Than a Million Sales
Dale Willey Supports Community through the NADA Charitable Foundation
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Bill Ford Predicts 'Radical Transformation' of Auto Industry

Ford Motor Co. Executive Chairman Bill Ford sees a bright -- albeit remodeled -- future for the automotive industry, according to an op-ed story he authored in The Wall Street Journal. As part of the newspaper's 125th anniversary of its first issue today, national figures gave their predictions on where the world is moving. While Facebook CEO Mark Zuckerberg described the daunting task of bringing the globe online and former U.S. Treasury Secretary Larry Summers wrote on the grim future of jobs in the face of technological advances, Ford called for a fundamental change in the role of the automotive industry. “Forward-looking companies will redefine themselves and move from being just car and truck manufacturers to become personal-mobility companies,” he wrote. According to Ford, the automotive industry must begin to view itself as part of the larger field of transportation.
Source: Automotive News
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GM's Barra, Delphi CEO to Go Before Senate Panel

General Motors CEO Mary Barra will be back before a U.S. Senate subcommittee next week answering questions about the company's widespread recall, but this time investigators also will hear from the supplier who made the defective switches linked to 13 deaths. The Senate Subcommittee on Consumer Protection, Product Safety and Insurance announced its invited witnesses for the hearing that starts at 10 a.m. July 17. The list included, for the first time in four congressional hearings, Rodney O'Neal, CEO and president of Delphi Automotive, based in Troy [Mich.]
Source: Detroit Free Press

Editor's note: For more information on the GM recall, go to www.gmignitionupdate.com or www.safercar.gov.
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U.S. Auto Recalls Smash Single-Year Record with 6 Months to Go

GM eclipses Ford's 2011 record

With six months left in 2014, automakers have already recalled more vehicles in the United States than in any other year on record. The National Highway Traffic Safety Administration lists U.S. recalls for 37.5 million cars this year, topping the 30.8 million record set in 2004, according to the most recent preliminary data today on the agency's Web site. General Motors accounts for about two-thirds of the total. The tally in the United States will probably rise soon as Japan's three biggest carmakers finish an evaluation of their worldwide fleets for faulty air-bag inflators made by Takata Corp.
Source: Bloomberg

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Small SUVs Claiming a Larger Slice of Market

Automakers are learning that small is big — at least when it comes to SUVs. Combined sales of compact and subcompact SUVs have nearly doubled since 2008, from 10 percent to 18 percent of the U.S. market, according to AutoTrader.com. Analysts predict the market will grow for at least the next few years, as young, affluent buyers are drawn to likes of the Ford Escape, Chevrolet Equinox and the even smaller Buick Encore. IHS Automotive predicts the compact SUV segment — now at 2 million vehicles — will grow to 2.2 million in the U.S. by 2017. The compact segment includes the Escape, Equinox, Toyota RAV4 and Honda CR-V.
Source: The Detroit News

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Retail Demand, Favorable Credit Keep Wholesale Used-Vehicle Prices High

Wholesale prices of used vehicles in June fell 1 percent from the previous month's level but were 4 percent higher than in June 2013, according to the Manheim Used Vehicle Value Index released [Tuesday]. Strong retail demand, driven at least in part by favorable credit conditions, is keeping used-vehicle prices high, says Manheim chief economist Tom Webb. The index has risen for four consecutive quarters and the increases have been “modest,” he says.
Source: Automotive News
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BMW Has Best-Ever First Half with More Than a Million Sales

BMW AG, Audi of America, Mercedes-Benz USA and Nissan Motor Co.'s luxury unit Infiniti all reported their best-ever first six months of sales, as luxury car sales grew faster than the auto market at large. German automaker BMW said it sold 1.02 million vehicles worldwide through June 30 — up 6.9 percent. For the first time, it topped 1 million vehicles sold and had its best-ever June with 193,342 vehicles sold, up 4.8 percent. “This is the first time we've sold more than a million cars in the first half of the year and underscores the strength of our premium brands within the BMW Group,” said Ian Robertson, member of the BMW board of management for sales and marketing.
Source: The Detroit News
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Dale Willey Supports Community through the NADA Charitable Foundation


(Left-right) Jan and Dale Willey present an NADA Foundation Ambassador grant to Susan Esau and Martin Moore from the Lawrence Schools Foundation in Lawrence, Kan.

As Ambassadors of the National Automobile Dealers Charitable Foundation, Dale Willey and his wife, Jan, provide financial support to local organizations in their hometown. “Grants through the Ambassador program are earmarked for organizations that support healthcare, emergency services and education,” said Willey, former president of Dale Willey Automotive in Lawrence, Kan., and former NADA chairman. “Supporting these types of organizations is truly critical for growth in all communities.”

Willey, who is an NADA Foundation trustee, has provided grants to the Lawrence Memorial Hospital Endowment Association, Lawrence Schools Foundation, Lawrence Public Library Foundation and the University of Kansas Business School. This year, 210 Ambassadors will provide more than $250,000 in grants to organizations supporting a variety of causes from emergency medical services and education to civic organizations. For more information about the Ambassador program, contact the NADA Foundation at (703) 821-7102 or foundation@nada.org.
Source: NADA Foundation
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Quotable

“The next 20 years will see a radical transformation of our industry and will present many new ways of ensuring that my great-grandfather’s [Henry Ford] dream of opening the highways for all mankind will remain alive and well in the 21st century and beyond.” 

   --- Ford Motor Co. Executive Chairman Bill Ford, commenting on the future of the auto industry, Automotive News, July 8

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