View Mobile Version | View Web Version

SPONSORED BY

 
NADA.org
January 26, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training

Inside this issue
Ford: Record Dealer Profits Could Continue
Mitsubishi, Nissan Mid-Size Sedan Project Stalls
Porsche Works to Deliver More Macans to U.S. Dealerships
VW to Set Reasonable Dealer Sales Targets in China
Study: Young Deterred From Driving By License Laws
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Ford: Record Dealer Profits Could Continue

Ford Motor Co. expects a record number of vehicles launched last year will lead to continued strong dealer profitability in 2015. While the Dearborn automaker doesn’t disclose dealer profitability numbers, John Felice, Ford’s vice president for U.S. marketing, sales and service, said Saturday Ford expects a fourth-straight year of record dealer profits, and expects similar results this year as volume of new vehicles such as the F-150 and Mustang ramp up. “We’re having really solid results and growth is a major theme for 2015, it could be even better for our dealers,” Felice said. Ford executives on Saturday met with dealers as part of the National Automobile Dealers Association convention in San Francisco.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Mitsubishi, Nissan Mid-Size Sedan Project Stalls

A plan for Nissan Motor Corp. to supply Mitsubishi dealers with a mid-sized sedan has stalled, according to a senior U.S. Mitsubishi executive. The high-level joint venture between Nissan and Mitsubishi Motors was announced in late 2013, and has been a bright hope for Mitsubishi's U.S. dealers who are hungry for new product. But Mitsubishi informed dealers Sunday morning at their NADA franchise make meeting that the plan has reached an unspecified impasse. “I told them that the plan has stalled,” says Don Swearingen, executive vice president of Mitsubishi Motors North America. “And I said that’s really all I can tell you at this time.”
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Porsche Works to Deliver More Macans to U.S. Dealerships

Porsche is working to increase supplies of the new Macan mid-sized crossover to U.S. dealers in 2015. “We’re certainly pushing because it’s been a big success,” Joe Lawrence, COO of Porsche Cars North America, said after the Porsche make meeting [at the NADA Convention & Expo] on Sunday. “We’re having some issues with customers having to wait longer than we’d like, and we don’t want to lose those customers.” Wait times for Macan buyers have been six months or more since it went on sale last May. U.S. dealers are looking forward to getting more Macans this year and getting them into the hands of buyers more quickly.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

VW to Set Reasonable Dealer Sales Targets in China

Volkswagen AG, the biggest foreign carmaker in China, said it has reached an agreement with its dealers in the country and pledged to continue setting reasonable sales targets to ensure a financially sound distribution network; Larissa Braun, a Beijing-based VW spokeswoman, confirmed the agreement in an e-mail without giving additional details. The state-backed China Association of Automobile Dealers said Jan. 23 that the company and its distributors had found ways to “actively cope’ with tough market conditions. Dealerships in China have asked for financial support and lower sales targets from manufacturers after a combination of rapid expansion of sales networks and increasing car ownership restrictions by cities hurt profit.
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

Study: Young Deterred From Driving By License Laws

Like, duh. That MTV survey that looked at whether Millennials are indeed interested in cars (they are!) came up with an obvious reason why so many aren't in a rush to get their driver's licenses: restrictions imposed on teens in the past couple of decades that limit their driving. The finding helps explain a conundrum in the MTV study: Since the study found that Millennials show basically the same interest in driving and view cars as a ticket to freedom just like past generations, how does that finding fit with the phenomenon that so few start to drive as soon as they hit age 16 or 17?
Source: USA Today
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"We're having really solid results and growth is a major theme for 2015, it could be even better for our dealers."

   
-- John Felice, Ford’s vice president for U.S. marketing, sales and service, during the NADA Convention & Expo, The Detroit News, Jan. 24

Sponsored by


NADA Market Beat
November Light-Vehicle Sales: SAAR Exceeds 17 Million for Second Time in 2014

Chairman's Message
New Study Discredits CFPB’s Fair Credit Testing Method
Videos

NADA Convention: Jeb Bush


NADA Convention: 2015 TIME Dealer of the Year


Get the Facts: Warranty Work, Safety Recalls and Service


Get the Facts: Local Economic Benefits of the Dealer Franchise System    


Get the Facts: The Benefits of Price Competition  


Get the Facts: Why Dealer Franchise Laws?  


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.

-- Feb. 4: How to Know if Your BDC is Truly Effective

-- Feb. 11: Build Brand Trust with a Teen Driving Safety Program

-- Feb. 18: Tune-Up: A Better Breed of Digital Marketing Metrics

NADA Foundation News
Hollins University Receives Grant from the NADA Foundation

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 .