View Mobile Version | View Web Version

SPONSORED BY

 
NADA.org
January 29, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training

Inside this issue
New NADA Chairman Faces Tough Market Back Home
Leasing Keeps Growing; Lenders Debate Possible Peak
NADA: Low Gas Prices to Drive Light Truck Sales
Ford Forecasts Stronger 2015
Fiat Chrysler Earns $718 Million in 2014
Senators Urge GM to Extend Ignition Fund Deadline
Toyota, Nissan Seen Boosting Profits on Commodity Prices
NADAguides Revamps Deals, Incentives & Rebates Search Tool
Bentley Names Industry Veteran Winkler to Head Americas Unit
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
New NADA Chairman Faces Tough Market Back Home

In a WardsAuto Q&A, William Fox talks of hot issues, threats and opportunities in the auto-retailing industry

William C. Fox, who first invested in a dealership that sold fewer than 10 cars a month in upstate New York, will lead the 16,200-member National Automobile Dealers Association as its 2015 chairman. Fox became NADA chairman at the trade organization’s annual convention in San Francisco. In a Q&A, WardsAuto spoke to him about the dealership business and his plans at the helm of NADA. Click here to read more.
Source: WardsAuto
Share: LinkedIn Twitter Facebook

[back to top]

Leasing Keeps Growing; Lenders Debate Possible Peak

Leasing should keep increasing to record highs in 2015, experts at the American Financial Services Association Vehicle Finance Conference told Automotive News [in San Francisco] last week. “When you can get more car, more technology, by leasing for the same monthly payment than you can on a loan, yeah, I see leasing continuing to grow,” said Pete Turek, automotive vice president in the financial services business unit for TransUnion, of Chicago.
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

NADA: Low Gas Prices to Drive Light Truck Sales

Low gasoline prices and pent-up consumer demand will combine to drive new car and light truck sales to an estimated 16.9 million vehicles in 2015, according to a forecast from the National Automobile Dealers Association (NADA). NADA said its original sales forecast for 2014 of 16.4 million new cars and light trucks was on target. The split among the segments in 2015 is expected to be 44 percent cars and 56 percent light trucks and SUVs because of lower gas prices, increased job growth and an improving housing market, NADA said. “Consumers are more able to spend for extras because of declining gasoline prices and continued low interest rates,” said NADA Chief Economist Steven Szakaly at a Jan. 23 press briefing during the NADA Convention & Expo in San Francisco.
Source: Tire Business
Share: LinkedIn Twitter Facebook

[back to top]

Ford Forecasts Stronger 2015

Auto maker sees revenue, market share rising after challenging 2014

Ford Motor Co. posted a modest net profit in the fourth quarter of 2014 and forecast much stronger results for 2015 as it looks to put a year of U.S. vehicle recalls, Russian economic strife and South American weakness in the rearview mirror. Ford managed to exceed analysts’ expectations for pretax profits in the quarter, but net income fell to $52 million, down from $3 billion in the same period a year earlier, and revenue declined 4.5% even as wider industry sales sizzled in the period. Ford Chief Financial Officer Bob Shanks said 2014 was a “set up” year and “we are off to the races” in 2015. Last year was a “challenging year,” Mr. Shanks said to reporters Thursday morning. “We do expect to see a substantial increase in our wholesales this year. You are going to see revenue go up, volume go up and market share go up.”
Source: The Wall Street Journal

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Fiat Chrysler Earns $718 Million in 2014

Fiat Chrysler Automobiles NV looks to accelerate all aspects of its global operations in 2015, according to CEO Sergio Marchionne. "The machine will continue to make progress and we should see black numbers across all regions," he said during a call with investors and news media Wednesday morning. "We've laid a foundation for a set of objectives in 2015, a very clear milestone toward our 2016 and 2018 objectives."
Source: The Detroit News

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Senators Urge GM to Extend Ignition Fund Deadline

General Motors Co. says it won't extend its Jan. 31 deadline to file claims for injuries and deaths in its delayed recall of cars with faulty ignition switches, despite a call to do so by two U.S. senators. Sens. Richard Blumenthal, D-Connecticut, and Edward Markey, D-Massachusetts, wrote GM CEO Mary Barra on Wednesday to urge extending the deadline. But GM said in a statement it does not plan to do so.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Toyota, Nissan Seen Boosting Profits on Commodity Prices

Toyota Motor Corp. and Nissan Motor Co. are benefiting from a decline in the price of commodities like steel and rubber, which will make it cheaper to produce new cars and give an extra boost to profits. Seven analysts who cover the industry said in interviews that the automakers haven't fully factored declining global commodity prices into their earnings estimates for the fiscal year ending March. Lower prices for materials such as steel may boost full-year net income at Toyota by more than $500 million, said Frank Schwope, an analyst at Norddeutsche Landesbank Girozentrale in Hanover, Germany. “It's a big advantage,” Schwope said. “You don't see the prices stabilize for now, so I'm expecting further boosts.”
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

NADAguides Revamps Deals, Incentives & Rebates Search Tool

Dealers now have an improved way of connecting with potential buyers in their market, as NADAguides has enhanced its Car Deals, Incentives and Rebates online research tool. The solution now can provide consumers with a clear understanding of local car deals and identifying the deepest discounts available that very day in their neighborhood and surrounding areas. The tool uses the consumer's ZIP code to locate regional and national vehicle incentives available within driving distance, determines the best deals available and provides a listing of dealerships.
Source: Auto Remarketing
Share: LinkedIn Twitter Facebook

[back to top]

Bentley Names Industry Veteran Winkler to Head Americas Unit

Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and marketing for Bentley’s global organization. The change will be effective April 1. Winkler will work out of the corporate headquarters in Herndon, Va., the ultraluxury unit of Volkswagen AG said in a statement Monday. Winkler, 52, who has a tenure of more than 30 years in the automotive industry, is managing director of Jaguar Land Rover’s Australian division. He also has held positions with Porsche in Germany, North America and Australia.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"It's just a question of first love: love of cars and car people. It's pretty simple."

   
-- NADA Chairman Bill Fox, on why he became a new-car dealer, WardsAuto, Jan. 22

Sponsored by


NADA Market Beat
2014 Light-Vehicle Sales Highest Since 2006
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
ADESA Auction Raises $40,000 for Veterans’ Canine Companions

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 .