View Mobile Version | View Web Version

SPONSORED BY

 
NADA.org
August 28, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Leasing Popularity Expected to Continue with Labor Day Deals
Property Disposition Regulations Finalized
GM Confirms Cadillac SRX for Spring Hill, Adds Engine Investment to Site
Kia Wants to Sell 270,000 Sorento SUVs Globally in 2015
First Ford 2015 Mustang Rolls Off Line in Flat Rock
Vast GM Tech Center Offers Bikes to Get Around
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Leasing Popularity Expected to Continue with Labor Day Deals

Leasing has picked back up to pre-recession highs, and many analysts are predicting leasing penetration to exceed levels seen before the Great Recession. And as manufacturers reveal their Labor Day lease deals, leasing popularity isn't expected to slow down anytime soon. In fact, Scot Hall, executive vice president of Wantalease.com, said he expects leasing to remain top-of-mind for consumers as we move into fall.
Source: Auto Remarketing
Share: LinkedIn Twitter Facebook

[back to top]

Property Disposition Regulations Finalized

On August 18, the U.S. Department of the Treasury finalized regulations addressing accounting for the disposal of tangible property. The regulations are effective for tax years beginning on or after Jan. 1, 2014, and are the final piece of Treasury’s tangible assets regulations. A brief summary of these regs that was prepared by Crowe Horwath is available here.
Source: NADA Regulatory Affairs
Share: LinkedIn Twitter Facebook

[back to top]

GM Confirms Cadillac SRX for Spring Hill, Adds Engine Investment to Site

General Motors confirms its Spring Hill, TN, manufacturing complex will become the site for production of the next-generation Cadillac SRX luxury CUV, as well as plans to invest an additional $185 million at the facility to build a new lineup of small gasoline engines. GM previously announced plans to inject $350 million into the former Saturn complex to build the SRX and a second “midsize CUV,” which WardsAuto forecasts as the next GMC Acadia. The next SRX will begin production in February 2016, shifting from its current home at Ramos Arizpe, Mexico. Output of the Acadia will start in April 2016, according to WardsAuto forecasts, moving from Delta Twp., MI, to Spring Hill.
Source: WardsAuto
Share: LinkedIn Twitter Facebook

[back to top]

Kia Wants to Sell 270,000 Sorento SUVs Globally in 2015

Kia unveiled its new Sorento, saying it aims to sell 270,000 units of the SUV globally next year, seeking to maintain its momentum in the U.S., Europe and other key markets. The Sorento, which competes against models such as the Nissan X-Trail and Mitsubishi Pathfinder, has been given its first major makeover in over five years. It will be launched in the United States, Europe and other markets in the first half of next year.
Source: Reuters
Share: LinkedIn Twitter Facebook

[back to top]

First Ford 2015 Mustang Rolls Off Line in Flat Rock

The first of Ford Motor Co.'s 2015 Mustangs roll off the line Thursday at its Flat Rock Assembly Plant. The Dearborn automaker will mark the milestone with a press event. For the first time in its 50 years in production, Mustangs will be sold globally to more than 120 countries. “The Mustang is and will continue to be an automotive icon,” Joe Hinrichs, Ford's president of the Americas, said in a statement. “Expanding its availability globally affords our customers around the world the opportunity to have a true, first-hand Mustang experience — one unlike any other.” Ford will produce right-hand-drive Mustangs that will be exported to more than 25 countries, including the United Kingdom, Australia and South Africa.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Vast GM Tech Center Offers Bikes to Get Around

General Motors has created a bike-sharing program with Zagster to help 19,000 employees at the automaker's Warren technical center get around. Zagster, a Cambridge, Mass., company that initiated a similar program last year with Rock Ventures, will provide bikes throughout the 330-acre GM Tech Center to give employees an option other than walking and driving to meetings held among 61 buildings. “GM is investing not only in the long-term health and productivity of its workforce, but sending a strong message to other employers around the country that bike sharing is a mainstream transportation option for employees,” Timothy Ericson, cofounder and CEO of Zagster, said in a release.
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"Clearly, leasing is poised to maintain its popularity in front of consumers throughout the fall season, especially as the new 2015 models become available in the showrooms."

   
-- Scot Hall, executive vice president of Wantalease.com, commenting on leasing popularity to continue into the fall, Auto Remarketing, Aug. 26

 Sponsored by

NADA Market Beat
July's Light-Vehicle Sales Increase 9.1% over Previous Year




Chairman's Message
'Engage' in New Opportunities
Videos

Mazda Values Dealer Input


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. 

-- Sept. 3: The Power in Training: Sell a Car Backwards!

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 .