View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
June 23, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training

Inside this issue
Top of Auto Sales Cycle is Approaching
Congress: NHTSA Must Do Better
Takata: Report on Delayed Airbag Recalls Not Accurate
Register Now for NADA's 'Winning with the Next Generation' Webinar
GM Slates 'All-New Vehicle Program' for Orion
FCA Management Remains Focused Despite Merger Talks
How Dealers Avoid Flood-Damaged Vehicles
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Top of Auto Sales Cycle is Approaching

After a five-year run where auto sales climbed to near-record levels, a new study says the current run will continue through next year before finally pulling back. AlixPartners' annual Global Automotive Outlook forecasts auto sales peaking in 2016 at 17.4 million vehicles, capping a seven-year run. So far in 2015, U.S. auto sales are running at a pace of 17.2 million vehicles. If sales continue at this rate, 2015 will be the second-best year ever for auto sales, trailing only 2000 when the industry hit a high-water mark of 17.4 million vehicles. "It's going to be challenging for automakers to push sales much higher," said Mark Wakefield with AlixPartners.
Source: CNBC
Share: LinkedIn Twitter Facebook

[back to top]

Congress: NHTSA Must Do Better

Congressional leaders said Monday the nation's auto safety agency "must do better" in the wake of a scathing report from the Transportation Department's inspector general. The 42-page-report — first reported by The Detroit News Friday and made public Monday — said the agency has suffered a series of significant failures in overseeing auto safety issues. The report said NHTSA fails to carefully review safety issues, hold automakers accountable for safety lapses, carefully collect vehicle safety data, or properly train or supervise its staff. And it says NHTSA rejects most staff requests to open investigations into suspected defects. "Collectively, these weaknesses have resulted in significant safety concerns being overlooked," the report found.
Source: The Detroit News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Takata: Report on Delayed Airbag Recalls Not Accurate

A new report says Takata Corp. was or should have been aware of serious safety issues in air bags as early as 2001 that are now linked to eight deaths and more than 100 injuries. It raises questions about whether replacement air bags are safe. Democrats on the Senate Commerce Committee on Monday issued a 45-page report into the nation's largest-ever recall of about 34 million vehicles by 11 automakers for air bags that can explode and send shrapnel flying. The panel is set to hold another hearing on the recall on Tuesday. On Friday, Takata confirmed an eighth death linked to the defect.
Source: The Detroit News

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Register Now for NADA's 'Winning with the Next Generation' Webinar

NADA University Online will host the webinar "Winning with the Next Generation" on Wednesday, June 24 at 1 p.m. ET. The free webinar, presented by Matt Hurst from Dealertrack, will discuss how to use technology to win next generation buyers. Attendees will learn ways to overcome telecommuting and urbanization as challenges to the business through implementing creative strategies to reach tomorrow's customers.  Click here to register.
Source: NADA University Online
Share: LinkedIn Twitter Facebook

[back to top]

GM Slates 'All-New Vehicle Program' for Orion

General Motors said it is investing $245 million in a suburban Detroit assembly plant and adding 300 jobs for an "all-new vehicle program." GM, in a statement [Monday], wouldn't disclose the vehicle it plans to produce at its Orion Assembly plant, where the Chevrolet Sonic and Buick Verano small cars are built. GM also is adding the Chevy Bolt electric vehicle to the plant when it gets launched, likely in 2017. The automaker said the new-vehicle program would be "unlike any in the plant's 32-year history." A spokesman said production would begin "in the next three to four years."
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

FCA Management Remains Focused Despite Merger Talks

The management at Fiat Chrysler Automobiles remains focused on business as usual even as CEO Sergio Marchionne explores mergers with other automakers.

Fiat Chrysler Automobile's management team remains a tight-knit group that is forging ahead undeterred even while the company's CEO is exploring potential partnerships and mergers with other automakers. Sergio Marchionne's efforts to reach out to other global automakers to discuss the industry's need for consolidation raises questions about what would happen to the company's current employees and management team if FCA did merge with another automaker. Scott Garberding, FCA's global head of purchasing and a member of the automaker's influential group executive council, said the company's management team is unfazed.
Source: Detroit Free Press

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

How Dealers Avoid Flood-Damaged Vehicles

There’s quite a bit of hubbub being made in the consumer-facing media following the recent flooding in Texas and the vehicles that suffered water damage. The National Insurance Crime Bureau, based on estimates from Copart, recently reported that the fallout from the flooding affected between 7,000 and 10,000 insured vehicles in the area. While the majority of media is focused on warning consumers, this feature will hone in on protecting auctions and dealers alike.

There is a good chance that there will be folks who try to trade in a flood-damaged vehicle or that many of these cars may end up at the auction. But through Auto Remarketing’s recent conversations with dealers around the country, it seems there are a variety of ways for the industry to handle this challenge. Dealers we’ve reached out to, from both coasts and even in the heart of our automotive industry in Michigan, have said they haven’t seen any impact in trade-ins or in the lanes from the recent Texas floods. At least not yet.
Source: Auto Remarketing
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable
"It's going to be challenging for automakers to push sales much higher."

    -- Mark Wakefield with AlixPartners, commenting on auto sales peaking at 17.4 million vehicles in 2016, CNBC, June 23

Sponsored by

Chairman's Message
Commentary: Price Competition Among Dealers Benefits Car Buyers
Videos

NADA University Online: The Next Generation 
(NADA-TV)


Get the Facts: The Benefits of Franchised Auto Dealers


NADA Foundation: On the Go(Pro) with Canine Companions

NADA Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted. 

-- June 24: Winning with the Next Generation

-- July 1: Using Technology to Sell the Way Consumers Want to be Sold



 

NADA Foundation News
Pacific Lutheran University Receives NADA Foundation Grants
 
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 .