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Inside this issue
Chrysler Posts Best October in 13 Years
Suppliers Warn Spot Shortages Could Pop Up
Takata Recalls More Defective Airbag Inflators Prone to Rupture
Ferrari Fined $3.5 Million for Not Reporting Fatal Crashes
Used Sales in 3 Million Unit Range this Month
NADA Special Section Featured in TIME Magazine
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Chrysler Posts Best October in 13 Years

Honda, Nissan also report gains in another strong month for car sales

Chrysler Group LLC posted its best October sales in 13 years, while Nissan Motor Co. and Honda Motor Co. also said their U.S. auto sales rose, marking another month of growth for the industry. Auto makers continue to press ahead with sales gains with a big help from incentive spending and lower fuel costs, while the U.S. economy trudges along in a moderate recovery. Chrysler said it sold 170,480 vehicles last month, an increase of 22% from a year earlier. The company said it was its best October since 2001. Nissan, meanwhile, said it sold 103,117 vehicles in October, an increase of 13% from 91,018 a year earlier. Its Nissan division set a record for October sales, with 94,072.
Source: The Wall Street Journal

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Suppliers Warn Spot Shortages Could Pop Up

If North American vehicle production keeps rising next year, some suppliers warn that spot shortages could develop, says a consultant. According to a new supplier survey by consulting firm IRN Inc., 42 percent of the respondents said they would not have sufficient capacity if industry output tops 17 million light-vehicle units in the next 12 months. IRN is projecting light-vehicle production in North America will total 16.8 million units in 2014 and 17.3 million in 2015.
Source: Automotive News

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Takata Recalls More Defective Airbag Inflators Prone to Rupture

The manufacturer of airbags linked to four deaths made another 30,687 inflators with an incorrect part that can lead to similarly damaging ruptures in newer vehicles, U.S. regulators said, adding to questions about the scope of the defects in Takata Corp. products. Takata will recall the SDI-X inflators manufactured from June 16, 2008, to June 20, 2014, the National Highway Traffic Safety Administration said Saturday in a statement on its website. An incorrect outer baffle could cause the unit to rupture, the agency said. Owners will be notified by vehicle manufacturers.
Source: Bloomberg
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Ferrari Fined $3.5 Million for Not Reporting Fatal Crashes

Federal auto safety regulators said on Friday that they had levied a $3.5 million penalty against Ferrari because it failed to submit reports of fatal accidents to the government. Under a system called Early Warning Reporting, automakers are required to disclose claims they receive that blame vehicle defects for serious injuries or deaths. “There is no excuse for failing to follow laws created to keep drivers safe,” Anthony R. Foxx, the secretary of transportation, said in a statement. Krista Florin, a Ferrari spokeswoman, said that the failure to comply with the reporting requirements was “inadvertent” and that the company had begun adopting new procedures to ensure full compliance in the future.
Source: The New York Times
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Used Sales in 3 Million Unit Range this Month

This month is likely to end with nearly 3.2 million used vehicles sold during October, which would beat year-ago figures by 1.3 percent, according to projections in CNW Research's latest Retail Automotive Summary. CNW's data includes sales forecasts for franchised and independent dealers as well as private-party numbers. Of those three groups, private-party sales are projected to grow the most from October 2013 with a 12.2 percent spike. Meanwhile, franchised dealers will likely finish the month having moved 1.27 million used cars (up 4.3 percent) and its year-to-date used sales tally at 13.23 million (up 0.1 percent).
Source: Auto Remarketing
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NADA Special Section Featured in TIME Magazine

For the 12th consecutive year, the National Automobile Dealers Association has partnered with TIME magazine to create a special advertising section. This year’s edition, “In the Driver’s Seat,” highlights the consumer benefits of the dealer franchise network—from the point-of-sale and financing to long-term service. To get the facts, go to www.nada.org/GetTheFacts.

“When dealers compete against each other, it drives consumer costs down, and that means lower prices,” NADA says. “That same competition also ensures the best finance rates. Dealers have relationships with multiple auto lenders, allowing them to offer a wide variety of financing options that are frequently more affordable than what customers could get from their bank or credit union.”

Jeff Teague, president of Teague Auto Group in El Dorado, Ark., and the 2014 TIME Dealer of the Year, is also featured in the publication. TIME sponsors the award in association with Ally Financial and in cooperation with NADA. Click here for the special section.
Source: NADA Public Affairs
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