View Mobile Version | View Web Version

SPONSORED BY

 
NADA.org
August 1, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Chrysler Sales Rise 20% on Jeep, Trucks
To Lift Sales, G.M. Turns to Discounts
Fiat Says Ciao to Italy as Merger With Chrysler Ends Era
Ford Jr.: CEO Transition 'Perfect'
Gen Y Car Buyers Greater Than X for First Time
Auto Dealers Help Take Polluters Off Roads
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Chrysler Sales Rise 20% on Jeep, Trucks

Strong demand for the new Jeep Cherokee and other trucks -- as well as hefty incentives on older models -- helped boost Chrysler Group's U.S. sales 20 percent in July. It was the best July for Chrysler Group since 2005 and the 52nd consIndustry sales are being fueled by higher retail demand and incentives, widespread credit availability, low interest rates, attractive lease deals, and steady economic growth.ecutive month the automaker’s U.S. sales have increased year over year. Steven Szakaly, chief economist for the National Automobile Dealers Association, sees U.S. industry sales hitting 16.4 million this year and rising to about 16.8 million in 2015, where they will stabilize as pent-up demand eases. “Interest rates are going to rise but the question is ‘how quickly they increase,” Szakaly said Thursday. “It has been a good, profitable run for the auto industry. But as you add capacity, too, profits are at risk.”
Source: Automotive News

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

To Lift Sales, G.M. Turns to Discounts

In February, General Motors hit a milestone of sorts when its sales incentives ... dropped below those of its domestic rivals, Ford and Chrysler. It was a satisfying achievement for G.M., which has labored to rebuild its product lineup since its 2009 bankruptcy, and reduce its reliance on discounts to sell its cars and trucks. “It's much more precise now, the way incentives are used; there's a business case behind each decision,” said Steven Szakaly, chief economist at the National Automobile Dealers Association. “They're not just giving out candy anymore.”
Source: The New York Times
Share: LinkedIn Twitter Facebook

[back to top]

Fiat Says Ciao to Italy as Merger With Chrysler Ends Era

Fiat SpA, Italy's largest manufacturer and a symbol of the country's struggle to adapt to globalization, is leaving home after 115 years. The controlling Agnelli family and other investors, holding their final shareholders meeting in Turin today, sealed the end of Fiat as an Italian company with a vote approving a merger with Chrysler. Created by Italian-Canadian Chief Executive Officer Sergio Marchionne, Fiat Chrysler Automobiles NV will be incorporated under Dutch law, based in the U.K. and listed on the New York Stock Exchange.
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

Ford Jr.: CEO Transition 'Perfect'

Ford executive chairman Bill Ford Jr. said the transition to a new chief executive in recent weeks has been smooth. Mark Fields took over as president and CEO on July 1 after Alan Mulally stepped down. Ford Jr. said the transition had been “perfect. ... The transition's been great. I'm thrilled. So far, so good,” Ford Jr. said in a brief interview after a roundtable discussion with Gov. Rick Snyder on Michigan's efforts to sell itself. In a separate interview on Wednesday, Fields called the transition smooth. He said July auto sales were looking positive. “I think it's going to be a good month,” he said.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Gen Y Car Buyers Greater Than X for First Time

Y is greater than X, says a new J.D. Power study on generational car buying. Gen Y consumers now account for a larger percentage of U.S. new-vehicle retail sales than their older Gen X counterparts, according to the analysis. Consumers born between 1977 and 1994, also known as Millennials, accounted for 26% of new-vehicle retail sales year to date. For the first time, that puts them ahead of Gen Xers born between 1965 and 1976. That group bought 24% of new vehicles in the same period. But nobody beats the Boomers, at least not yet.
Source: WardsAuto
Share: LinkedIn Twitter Facebook

[back to top]

Auto Dealers Help Take Polluters Off Roads

High Country Honda owner David McDavid could have made a cool grand or so if he had resold a 1998 Chevy Blazer that one of his customers recently traded in for a new vehicle. Instead, he donated the still-working vehicle to the Clear the Air Foundation of Colorado, recognizing that, with 200,000-plus miles on the odometer, it had seen better days and is far less efficient than today's new cars and trucks. More and more, McDavid and other auto dealers in Glenwood Springs and across Colorado are turning the keys of older trade-ins over to the foundation, helping meet its goal to reduce polluting auto emissions by taking old or inadequately maintained vehicles off the road.
Source: Post Independent (Glenwood Springs, Colo.)
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"It has been a good, profitable run for the auto industry."

   
-- NADA Chief Economist Steven Szakaly, commenting on auto sales, Automotive News, Aug. 1

 Sponsored by

NADA Market Beat
June SAAR, at 16.7 Million, is Highest Since August 2005




Chairman's Message
Auto Credit Must Remain Affordable and Accessible for Car Buyers
Videos

Get the Facts: Why Dealer Franchise Laws?


Fox News: NADA Study Says Federal Regs on Dealers Cost the Economy More Than $10 Billion


Get the Facts: The Benefits of Franchised Auto Dealers

Sponsored by

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

-- Aug. 20: Supercharge Local TV Ads by Targeting Real Customers 

NADA Foundation News
Burns Kull Automotive Group Honors Employees through Ambassador Program

Dale Willey Supports Community through the NADA Foundation

Greater Cincinnati Auto Dealers Donate CPR Unit to YMCA

 
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 .