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Inside this issue
Black Friday, Year-End Deals Boost U.S. Auto Sales in November
Why Takata Rescue Would Be Costly, Slow
GM Down to 1 Million Cars that Need Ignition Switch Fix
NADA Weighs in on Incentive Spending
No Letup in Pickup Wars Among Big 3
Dealers Offered Private Viewing of Detroit Auto Show
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Black Friday, Year-End Deals Boost U.S. Auto Sales in November

Black Friday discounts and year-end deals will probably bring down the average profit per unit for the next few weeks, but U.S. auto sales in November were shaping up to produce both high volumes and high revenues, analysts said. Black Friday incentives this year included many mass-market brands as well as what has become an annual sales event for luxury brands, [Jesse Toprak, chief analyst at Cars.com] said. Many brands also have 2014 year-end deals that run through the New Year’s Day holiday weekend.
Source: Forbes

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Why Takata Rescue Would Be Costly, Slow

Autoliv warns of hurdles to inflator ramp-up

Congressional lawmakers have suggested that rival airbag suppliers could help Takata Corp. produce enough inflators to repair 10 million U.S. vehicles recalled since 2008. But Steve Fredin, the 52-year-old president of Autoliv Americas, warns that a rescue is going to take time -- and money. In an interview Nov. 24, Fredin emphasized that the company -- the world's largest airbag producer -- is willing to help. Then, he ran through a long list of hurdles -- such as cost, propellant shortages and time-consuming tests -- that will come as sobering news to anyone who envisions a team of rivals quickly lifting Takata out of its mess.
Source: Automotive News

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GM Down to 1 Million Cars that Need Ignition Switch Fix

General Motors Co. says it has less than 1 million cars left to fix with a deadly ignition switch defect, in part because the automaker believes a few hundred thousand cars it originally recalled have been scrapped and are no longer on the road. The Detroit automaker says as of Nov. 24, GM dealers have repaired 1.36 million ignition switches globally out of 2.36 million the automaker believes are still in use, or 57.8 percent. That 2.36 million figure is down from the 2.59 million older Chevrolet Cobalts, Saturn Ions and other small cars it initially sought in recalls in February and March.
Source: The Detroit News
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NADA Weighs in on Incentive Spending

The data makes one thing fairly clear about incentive spending: it’s substantial these days. But how are incentives really impacting used-car values? And is elevated spending enough to cause a panic? NADA Used Car Guide’s Jonathan Banks and Larry Dixon took a close look at the impact of incentive spending — plus a multitude of other factors that play a role in used-car pricing — during a presentation at Used Car Week's National Remarketing Conference titled “Used Vehicle Market: Impending Collapse or Continued Success.” Given how the spike in new-car sales has evened out a bit, OEM incentives have been ramped up, approaching some of the highest levels in history, the NADA analysts noted.
Source: Auto Remarketing
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No Letup in Pickup Wars Among Big 3

Ford's mild mpg gains stir up competition

Officially, Ford's two fiercest truck competitors had little to say about the fuel economy ratings for the new aluminum-body F-150 that underwhelmed some pundits. But behind the scenes, rivals' wheels are in motion. Ram retains the coveted marketing claim of best-in-class fuel economy for full-size pickups with the 28 mpg highway rating for its EcoDiesel, even though that model accounts for just one-fifth of its pickup sales. And General Motors has an open path to a juicy marketing pitch next year when it puts its own diesel engine in the smaller Chevy Colorado and GMC Canyon. One thing seems clear as the industry digests Ford's EPA ratings, which topped out at 26 mpg highway: The game-changing leap in fuel economy that many observers had been awaiting from the F-150's move to aluminum didn't happen. Source: Automotive News
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Dealers Offered Private Viewing of Detroit Auto Show
The North American International Auto Show in Detroit is offering dealers and their guests a private viewing of the show floor on Wednesday, Jan. 14 at 8:00 a.m. During the Exclusive Dealer VIP Access, which precedes the show's Industry Preview, attendees will have the opportunity to see firsthand the latest concept and production vehicles revealed during the Press Preview. Tickets are now available for $75 each and include show floor access until 9:00 p.m. Click here for ticket order form, hotel information and Delta airline travel discounts.
 
The Automotive News World Congress, featuring industry leaders including GM CEO Mary Barra and Fiat Chrysler Automobiles CEO Sergio Marchionne, will also take place in Detroit at the Marriott Renaissance Center, Jan. 13-14. To register, click here.
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Quotable

"Things are lining up to a strong finish for the year."

   
-- Jesse Toprak, chief analyst at Cars.com, commenting on the impact of Black Friday discounts on November auto sales, Forbes, Nov. 30

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