View Mobile Version | View Web Version

SPONSORED BY

 
NADA.org
October 16, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Autoline Daily: Tesla Considers Franchised Dealers
VW Nudges GM Out of 2nd Place in Global Sales Race
The Joy of Being a Jeep Dealer in 2014
Moody's Rates Fiat Chrysler 'B1' with 'Stable Outlook'
Honda Starts Audit of U.S. Injury-and-Death Reporting
Luxury Carmakers Explore Lower Prices
Jay Leno Signs Deal to Host New Car Series for CNBC
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Autoline Daily: Tesla Considers Franchised Dealers

In an interview last week at an industry conference, John McElroy questioned Tesla Motors CEO Elon Musk about his plans to increase its retail model of company stores in all 50 states and how Tesla would handle maintenance and repairs. McElroy, host of the television program, “Autoline This Week,” said Musk admitted that relying exclusively on company stores probably is not enough. “We may need a hybrid system, with a combination of our own stores and some dealer franchises,” Musk said.
Source: Autoline Daily
Share: LinkedIn Twitter Facebook

[back to top]

VW Nudges GM Out of 2nd Place in Global Sales Race

GM said Wednesday it sold 2.5 million cars and trucks globally in the third quarter, a 2% increase from last year. But that wasn't enough to prevent Volkswagen from edging GM out of second place for the first nine months of the year. Toyota is expected to stay in first place when it announces sales for the same period. GM said Wednesday that it sold 7.37 million cars and trucks worldwide from January through September, a 2% increase. But Volkswagen said it sold 7.4 million vehicles, a 5.3% increase, and nudged GM out of second place.
Source: Detroit Free Press

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

The Joy of Being a Jeep Dealer in 2014

Holy Toledo, what's it like to be a Jeep dealer in 2014? Andy Shaver, president of the Shaver Group, just smiles when I ask. A smile that says: Awesome and then some. "It's really great," he says. "We were just talking about this and someone said Jeep is the strongest domestic brand right now." Understatement alert! Of course, this fourth generation dealer remembers when Jeep was, shall we say, less than a great proposition. The Shavers began with Jeep in the 1980s, when American Motors owned the downtrodden brand. The family picked up an open point in Thousand Oaks, Calif. Jeep improved under Chrysler in the 1990s, but by the 2000s the brand had lost its way, swamped by SUV and crossover competition from almost every other nameplate. How did that get fixed? "You've got to give Fiat credit," says Shaver. "The product is right, the incenti‎ves are well-managed."
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Moody's Rates Fiat Chrysler 'B1' with 'Stable Outlook'

Fiat Chrysler Automobiles NV was assigned a “B1” rating on Wednesday by Moody's Investors Service. The rating, which includes a “stable outlook” for the new company, came two days after Fiat Chrysler was listed on the New York Stock Exchange. “B” ratings are considered speculative and are subject to high credit risk, according to Moody's. It is the same rating Italian automaker Fiat SpA, which owned Chrysler Group LLC before merging into FCA on Sunday, was rated by the bond credit rating business.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Honda Starts Audit of U.S. Injury-and-Death Reporting

Honda Motor Co. asked a third party to determine whether the automaker underreported fatality and injury claims to the U.S. government, which is investigating air-bag failures with potentially deadly defects. The third-party audit began in September and Honda will soon share its findings with the National Highway Traffic Safety Administration, the Tokyo-based company said in an e-mailed statement. Honda disclosed the audit after The Center for Auto Safety, a watchdog group, said the company didn't report at least two injury-and-death incidents to NHTSA and called for the U.S. Justice Department to conduct a criminal investigation.
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

Luxury Carmakers Explore Lower Prices

Exotic car companies, eager to extend their reach beyond the super-rich, are offering increasing numbers of "accessible" luxury cars. That is, if you consider $100,000 accessible. Aston-Martin this year unveiled its V-8 Vantage GT Coupe, defined as "an accessible race car" by Julian Jenkins, president of Aston Martin's American operations. The Italian luxury automobile company Maserati, too, has gone down-market. The Fiat-owned company has enjoyed some sales success with its lower-priced Ghibli, which starts at $66,900. Next year, the company will introduce its affordable but luxurious Alfieri, at something near $100,000.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Jay Leno Signs Deal to Host New Car Series for CNBC

Comedian Jay Leno, who was the host of NBC's "Tonight Show" for more than 20 years, will return to television next year to host a new series about cars, the cable network CNBC said. The show, tentatively titled "Jay Leno's Garage," will be based on his Emmy Award-winning web series. Leno will share his love of cars on the new series, which will premiere in 2015. "The show will be about anything that rolls, explodes and makes noise," Leno, 64, said in a statement. "We hope to highlight the passion and the stories behind the men and women who made the automobile the greatest invention of the 20th century."
Source: Reuters

Editor's note: Jay Leno will provide keynote remarks at the 2015 NADA Convention & Expo in San Francisco on Saturday, Jan. 24. The NADA convention runs Thursday, Jan. 22 to Sunday, Jan. 25. For more information or to register, visit www.nadaconvention.org.
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable
"We may need a hybrid system, with a combination of our own stores and some dealer franchises."

    --
Tesla Motors CEO Elon Musk, commenting on the automaker's potential need for franchised dealers, Autoline Daily, Oct. 14

Sponsored by


NADA Market Beat
September Monthly Light-Vehicle Sales Up 9.3 Percent over Last 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 Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted.

-- Oct. 15: Lead with Integrity: The Power of Walking Your Talk

-- Oct. 22: Increase Your Front End 25 Percent

-- Oct. 29: OSHA's Repeal of Dealer Recordkeeping Exemptions

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 .