View Mobile Version | View Web Version

SPONSORED BY

 
NADA.org
October 6, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
NADA Chairman: Keep Auto Retailing Competitive
Boom Time for Audi Dealerships
Luxury Makers Move into New Hot Spots
Jeep on Track to Sell 1 Million Vehicles in 2014
GM Recalls 500,000 Vehicles; Puts Hold on New Trucks
Maserati Races Out of the Shadows
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Chairman: Keep Auto Retailing Competitive

Automobile retailing is one of the most competitive businesses in the world. Financing is driven by competing lenders, and vehicle pricing and servicing are driven by competing franchised new-car dealers that benefit consumers everywhere. Yet there are challenges to that competitive system, which have resulted in misinformation and misunderstanding about the franchised dealer network. NADA Chairman Forrest McConnell will address the Automotive Press Association in Detroit on Tuesday, Oct. 7. He will discuss NADA's solution to the Consumer Financial Protection Bureau's fair credit concerns. A Honda/Acura dealer from Montgomery, Ala., McConnell will highlight the benefits of the dealer franchise network—from providing car shoppers with price competition in retail, finance and service to warranty and safety recall work.
Source: NADA Public Affairs
Share: LinkedIn Twitter Facebook

[back to top]

Boom Time for Audi Dealerships

Soaring sales fuel $1 billion in projects

Audi dealers, riding a sales bonanza, are also in the throes of a $1 billion building boom as they prepare to fulfill the brand's long-term goal of selling 200,000 vehicles a year in the U.S. More than 100 of Audi's roughly 280 U.S. dealerships are in some stage of a major construction project, says Scott Keogh, president of Audi of America. By year end, 26 Audi dealerships will meet Audi's new design standard, known as Terminal. Another 30 Terminal dealerships are scheduled to be built in 2015, and 45 were completed through 2013, according to Audi.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Luxury Makers Move into New Hot Spots

Brands aim to satisfy customers who want something different

As luxury car sales grow, premium brands are racing into new segments to capture buyers. Luxury-segment executives at last week's Paris auto show made it clear that they intend to attack new corners of the business as high-end customers emerge with nontraditional expectations. "America is getting more affluent," observes Scott Keogh, CEO of Audi of America. "If you look at the percentage of households that are going to be $100,000-plus, it's actually growing dramatically over the coming years." Luxury's percentage of the overall vehicle market is trending upward as well, Keogh forecasts. "Historically, 10 percent of the total market has been luxury. We see it moving up to 11.4, 11.5 percent in 2022 or 2023. That's why we see this opportunity."
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Jeep on Track to Sell 1 Million Vehicles in 2014

Jeep is on track to meet Chrysler Group LLC CEO Sergio Marchionne's ambitious goal of selling 1 million vehicles globally in 2014. The SUV brand sold about 747,000 vehicles through September, already topping last year's all-time global sales record of 731,565, according to Jeep Marketing Director Jim Morrison. The sales mark Jeep's fifth consecutive year of sales increases globally and in the U.S. "It's been a lot of hard work and a lot of fun to go and try and get that goal," he said during a recent phone interview. "We're on track and we need to keep the momentum for the balance of the year in order to obtain the 1 million goal."
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

GM Recalls 500,000 Vehicles; Puts Hold on New Trucks

The two recalls collectively affect 524,384 vehicles in North America, including 379,401 units in the U.S.

General Motors ordered dealers to stop selling the new Chevrolet Colorado and GMC Canyon pickup trucks until iit fixes an air bag defect that will result in another recall. Dealers have sold only a few dozen units new midsize trucks. Separately, GM issued two new recalls affecting more than a half-million vehicles in North America, including new Cadillac crossovers and a discontinued Saab SUV to fix loose joints and worn threads blamed for three crashes and two injuries. Those two recalls collectively affect 524,384 vehicles in the U.S., Canada and Mexico. The company has now issued 71 recalls this year, affecting a record of about 30 million vehicles worldwide.
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

Maserati Races Out of the Shadows

The storied, 100-year-old Maserati brand is benefiting from new models, the adoption of new technology, more dealers and more advertising

Maserati is making its presence felt in the U.S. after years on the margins. The 100-year-old Fiat-owned maker of Italian sports car is offering a combination of new and redesigned sedans, opening dealers and spending more on advertising. We're not talking about threatening BMW or Mercedes-Benz, but Maserati has sold more than 9,100 cars so this year, quadrupling its year-earlier volume. Maserati's global sales also nearly quadrupled during the first half of the year to 17,500.
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"We are very optimistic about the future of Audi."

   
-- Carl Sewell, Audi dealer in Texas, discussing the future of Audi, Automotive News, Oct. 6

Sponsored by


NADA Market Beat
August SAAR Tops 17 Million for First Time This Year




Chairman's Message
Urge Congress to Rescind Flawed CFPB ‘Guidance’ on Auto Finance
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 Foundation News
Bradshaw and Family Support Local Organizations through the NADA Charitable Foundation

 
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 .