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Inside this issue
Detroit's Big 3 Emerge as Auto Sales Heroes
U.S. Car Buyers Offset Troubles Abroad
Mercedes Tops BMW in Monthly Luxury Sales
NADA: All Segments to See At Least $100 Drop in Lanes This Week
Ford Credit Rolls Out 75-Month Loans Nationwide
Ghosn's Take on Being on the Front Lines in Battle for Auto Talent
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Detroit's Big 3 Emerge as Auto Sales Heroes

Hail the all-American pickup truck. And while we're at it, marvel at how Detroit's Big 3 automakers showed at the pinnacle of this month's Top 20 most popular vehicles list. One, two and three. Not bad. That makes them this month's heroes when it comes to September sales.This month's big loser? That would have to be Toyota's wondercar, the Prius. On August's most-popular list, it was a respectible 13th. For September, it was knocked clean off the list.
Source: USA Today

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U.S. Car Buyers Offset Troubles Abroad

A strong domestic market finances continued push into emerging auto markets

American consumers are buying new cars and trucks at the strongest pace in years, offsetting car makers' troubles elsewhere and leading the biggest U.S. auto maker to forecast fat profits ahead. Overall U.S. sales rose 9% last month compared with the same period in 2013 to a nearly decade high. Demand for highly profitable sport-utility vehicles, once scorned as Detroit's gas guzzling cash cows, continues to rise amid low fuel prices and more efficient designs. Feeding that appetite for new cars will be key to building and repairing overseas units. So far, the outlook is sound. "A lot of analysts have been beating the drum for the past couple months [saying] that this will soon end," said Fred Diaz, Nissan's U.S. sales chief. "I don't see it."
Source: The Wall Street Journal

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Mercedes Tops BMW in Monthly Luxury Sales

BMW retains slight lead through September

Mercedes-Benz's record September was enough to top the BMW brand in the U.S. luxury sales race, but BMW held a small lead for the first nine months of the year. Lexus, meanwhile, is quietly gaining ground on its two headline-grabbing rivals after 12 straight months of sales gains. It joined Mercedes and BMW as the only luxury automakers to top 200,000 sales year-to-date. The overall luxury market rose 8 percent in September, and it's up 8 percent for the for the year.
Source: Automotive News

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NADA: All Segments to See At Least $100 Drop in Lanes This Week

Prices are continuing on the path of seasonal decline, and NADA predicts auction prices will fall by another 1 percent or $150 this week. According to NADA's AuctionNet data, this week's percentage losses will be led by the compact car segment. This segment is expected to see rates drop by 1.5 percent or $150 this week. Gasoline prices have been relatively stable as of late, which could be impacting interest, and therefore, prices, in the smaller, more fuel efficient segments.
Source: Auto Remarketing
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Ford Credit Rolls Out 75-Month Loans Nationwide

Ford Motor Credit Co., one of the biggest lenders in new-vehicle financing, has joined the trend toward longer auto loans, rolling out 75-month terms nationwide starting [Wednesday]. The company previously had conducted a pilot program. Earlier this week, CEO Bernard Silverstone indicated Ford Credit had been somewhat reluctant to extend terms on new-vehicle loans to 75 months. “Clearly, we would prefer customers to finance shorter terms,” he said during the company's investor day presentation on Monday. “However, we also watch market trends.” He added: “We don't expect [75-month terms] to be a large part of our portfolio.”
Source: Automotive News
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Ghosn's Take on Being on the Front Lines in Battle for Auto Talent

How does Carlos Ghosn feel about the high-level executives who have left Renault-Nissan of late? He takes it all in Ghosn-like stride, which is to say: analytically, not emotionally. "We are obviously a target for headhunters, but we are‎ simultaneously recruiting the best and the brightest," he said. Infiniti chief Johan de Nysschen recently went to‎ Cadillac and Nissan planning boss Andy Palmer left to run Aston-Martin.‎ People are wondering why Nissan keeps getting raided. "In the car industry there is a war for talent," Ghosn said. "You may not see all of it because it is not only top guys. But when you talk‎ about the experts, the specialists, the people who have special skills, there is a lot of hunting taking place. This is part of the game."
Source: Automotive News
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Quotable

"GM saw strength almost across the board in September, and outpaced the industry with the newest trucks and SUVs at exactly the right time."

   
-- Kurt McNeil, GM’s vice president of U.S. sales operations, commenting on the automaker's sales rising 19 percent in September, Automotive News, Oct. 1

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