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Inside this issue
Their Ranks Thinned, the Surviving Car Dealerships Thrive
CNBC to Live Stream Interview with Buffett and Van Tuyl at Auto Forum on March 31
FCA Dealers Strain to Deliver 5-Year Winning Streak
Volvo Plans $500M Factory in U.S. to Revive Sales
It's Cadillac vs. Lincoln at New York Auto Show
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Their Ranks Thinned, the Surviving Car Dealerships Thrive

Only a few years ago, in the depths of the recession, the local car dealership seemed to be living on borrowed time. Franchises were closing by the hundreds as buyers stayed away from what were increasingly seen as outmoded showrooms. Now, with the economy back, auto sales are booming, and investors seemingly cannot get enough of the hardscrabble business of “moving metal.” This month, Berkshire Hathaway, Warren E. Buffett’s holding company, completed its acquisition of the Van Tuyl Group, the largest privately held dealership group in the country. The franchise car dealer is not only surviving, but even thriving. “What you’re seeing now is the culmination of lots of changes that have been building in recent years,” said Steven Szakaly, chief economist with the National Automobile Dealers Association.
Source: The New York Times

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CNBC to Live Stream Interview with Buffett and Van Tuyl at Auto Forum on March 31

The fireside chat during the sold-out NADA / J.D. Power Automotive Forum with Warren Buffett, chairman and CEO of Berkshire Hathaway, and Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, will be streamed live by CNBC at 2 p.m. ET on Tuesday, March 31. The panel session will be moderated by Becky Quick, co-anchor of CNBC’s “Squawk Box.” To view the live stream, visit www.cnbc.com, and click the link on the homepage. In addition, Quick will sit down with Buffett and Van Tuyl for an exclusive live interview on CNBC’s “Power Lunch” at 1:35 p.m.

The 6th annual Automotive Forum, hosted by the New York International Auto Show, is a full-day event that provides insight into the global auto industry from several perspectives—retailing, manufacturing, economic, marketing and technology. Other industry speakers include NADA’s Bill Fox and Peter Welch, J.D. Power’s John Humphrey, Cadillac’s Johan de Nysschen, Subaru’s Tom Doll, Nissan’s Fred Diaz, Lexus’ Mark Templin and IHS’ Nariman Behravesh and many others. For the full agenda, visit www.autoforumny.com.
Source: NADA / J.D. Power

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FCA Dealers Strain to Deliver 5-Year Winning Streak

When Fiat Chrysler reports its March sales on Wednesday, April 1, its impressive streak of monthly year-over-year U.S. sales increases will reach five full years -- or fall one month short. The streak has transformed the automaker and its dealers. They believe it has erased the stain of Chrysler's 2009 bankruptcy and restored the company's rightful market share. Yet for FCA US' roughly 2,600 dealerships, the pressure to sell ever more vehicles has been daunting. It has turned some FCA dealers into high-stakes gamblers.
Source: Automotive News

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Volvo Plans $500M Factory in U.S. to Revive Sales

Chinese-owned Volvo Cars said Monday it will build a $500 million assembly plant in the United States — as the U.S. auto sector faces increasing pressure from Mexico. Volvo said the investment is a sign of its "long-term commitment to the U.S. market. The company has drawn up a short list of potential locations and full details of the location of the new factory and the size of the investment will be announced at a later date."
Source: The Detroit News

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It's Cadillac vs. Lincoln at New York Auto Show

A high-stakes luxury vehicle battle will be on display at the 2015 New York International Auto Show this week with important debuts expected from Cadillac, Lincoln, Lexus and other luxury brands. "Let the good times roll," said Michelle Krebs, analyst with AutoTrader.com. "It reflects the health of the industry."
Source: Detroit Free Press

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Quotable

"Volvo Cars cannot claim to be a true global carmaker without an industrial presence in the U.S."

    -- Hakan Samuelsson, CEO and president of Volvo Cars, The Detroit News, March 30

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