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Inside this issue
J.D. Power to Buy NADA Used Car Guide
May 2015 Auto Sales Forecast: US on Track for Highest Tallies Since August on Demand for SUVs, Trucks
Takata's U.S. Deal Will Lead to Faster Air-Bag Fixes, Foxx Says
One More Month to Complete the Dealership Workforce Study
Chevrolet Smokes Rival Honda at Indy 500 and on Race Circuit
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
J.D. Power to Buy NADA Used Car Guide

The National Automobile Dealers Association has agreed to sell an 82-year-old institution, its Used Car Guide business, to J.D. Power. J.D. Power executives declined to release any of the financial details of the deal but said it will yield shared cost savings and lead to more comprehensive data and new products. Conceding that “It’s still kind of early on in the process,” Deirdre Borrego, vice president of U.S. automotive operations at J.D. Power in Orange, Calif., said the new owners plan on “continuing to grow their base business.” She said, “The Used Car Guide will continue, and as the market itself grows, we see being able to develop new and unique information-based solutions for the industry.”
Source: Automotive News

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May 2015 Auto Sales Forecast: US on Track for Highest Tallies Since August on Demand for SUVs, Trucks

Americans are buying new vehicles at the strongest pace since last summer, and more of them are walking past sedans and driving pricier SUVs and trucks off dealers’ lots. Cheap gasoline and low borrowing costs have helped spur sales, which are well on their way to a sixth consecutive year of growth in 2015. Automotive analysts are forecasting May's sales to be around 1.6 million vehicles, for a seasonally adjusted annualized rate of 17.3 million, the highest level since August. But the numbers also show the breakneck pace of growth is slowing. “I think we’ll see some pressure on this cycle,” said Steven Szakaly, chief economist for the National Automobile Dealers Association. “This year will be one of the best, but next year we expect flat sales, or maybe 1 to 2 percent growth.”
Source: International Business Times

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Takata's U.S. Deal Will Lead to Faster Air-Bag Fixes, Foxx Says

The legal order Takata Corp. signed with U.S. regulators last week will speed the investigation to determine the reason air bags are exploding and injuring motorists, Transportation Secretary Anthony Foxx said. The agreement means Takata is “no longer resisting” the Transportation Department’s diagnosis that there was a wider safety defect, Foxx told reporters in Washington on Thursday. Takata’s cooperation means company investigators will work alongside regulators on testing, he said.
Source: Bloomberg

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One More Month to Complete the Dealership Workforce Study

In response to numerous requests, NADA is extending the participation deadline for the 2015 Dealership Workforce Study to June 30, 2015. Dealers are encouraged to make sure their stores or groups are represented in the only comprehensive and authoritative study of the retail automotive and truck workforce. All participants will receive comparative statistics for their own dealerships. Go to www.nadaworkforcestudy.com now to enroll, complete the survey and upload payroll data. If you have any questions, e-mail WorkforceStudy@nada.org or call 800.557.6232.
Source: NADA Dealership Operations

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Chevrolet Smokes Rival Honda at Indy 500 and on Race Circuit

Chevrolet has cracked Honda’s once dominant position at the Indianapolis 500 race and on the IndyCar circuit. Sunday’s 99th Indy 500 was won by Juan Pablo Montoya, driving for Team Penske in a car equipped with a Chevrolet engine and aerodynamic kit. Only two drivers using Honda equipment, Graham Rahal of Rahal Letterman Lanigan and Marco Andretti of Andretti Autosport, finished in the top 10. This year Honda and Chevrolet were the only automakers participating in the race and they have developed a spirited rivalry. Honda and Chevrolet invest millions of dollars in IndyCar racing annually. It is a marketing tool and serves as a research and development lab for the automakers. It also helps train engineers.
Source: Los Angeles Times

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More Articles
 
Quotable
"Over time, we’ll have more horsepower to put behind the products to make them better."

    -- Mike Stanton, COO of NADA Used Car Guide, commenting on J.D. Power's purchase of the Used Car Guide, Automotive News, May 28

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