View Web Version

SPONSORED BY
 
NADA.org
March 4, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Dealership Workforce Study Participants Will Receive Two Complimentary Reports
Auto Industry to Evade Manufacturing Slowdown, on Pace for Another Record Year
New-Car Loan Amount, Monthly Payment Hit High in Q4, Experian Says
Average MPG of New Cars, Trucks Holds Steady at 25.2 in February
Google Pads Self-Driving Car Team with Auto Veterans
Alfa Delayed Giulia Launched to Make Sure the Car is 'Perfect,' Marchionne Says
2016 NADA Convention: Be There or Be Square
Top Stories
Dealership Workforce Study Participants Will Receive Two Complimentary Reports

NADA and ATD members who participate in the 2016 Dealership Workforce Study – which entails completing a questionnaire and submitting payroll records – will receive the trends report, Automotive Retail: National & Regional Trends in Compensation, Benefits & Retention, and customized report, Compensation, Benefits, Retention: How Your Dealership Compares, at no cost. The trends report, which retails for $399, is packed with useful information on competitive pay, benefits and work schedules so that dealerships can attract new hires and retain talented employees. The customized report, which is only available to participants, provides dealers with comparison data to see how they stack up against their peers nationally, regionally and by state as well as by brand. Last year, more than 290,000 payroll records were submitted. The participation period for the Dealership Workforce Study closes on April 29, 2016. To participate, visit www.nadaworkforcestudy.com. For questions, send an email to WorkforceStudy@nada.org or call 800.557.6232.
Source: NADA Dealership Operations

[back to top]

Auto Industry to Evade Manufacturing Slowdown, on Pace for Another Record Year

Automotive sales are projected to soar in 2016 and usher in another banner year for automakers, who are expected to remain unscathed by an industrywide slowdown in manufacturing. The auto industry expects to sell or lease 17.7 million light-duty vehicles this year, a 2 percent increase from 2015. That news is a relief to auto manufacturers, which haven’t seen business trail off as it has in other manufacturing sectors. The projected growth follows an upward trend in the automotive sector. Last year, 17.4 million new light vehicles were retailed, a 5.8 percent increase from 2014, according to the National Automobile Dealers Association.
Source: IndyStar

Share: LinkedIn Twitter Facebook

[back to top]

New-Car Loan Amount, Monthly Payment Hit High in Q4, Experian Says

The average amount financed and average monthly payment for new vehicles in the fourth quarter rose to their highest level since Experian Automotive began tracking the data in 2008, the company said. To stay within their budgets, consumers are relying on leases and used-vehicle purchases, Experian said.
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Average MPG of New Cars, Trucks Holds Steady at 25.2 in February

The average fuel economy of new light vehicles sold in the U.S. in February held steady from the month earlier at 25.2 mpg, a University of Michigan Transportation Research Institute report said. Last month, the report, by researchers Michael Sivak and Brandon Schoettle, said that the average window-sticker value of new cars, SUVs, vans and pickups in the U.S. in January was 25.1 mpg. The researchers have since adjusted the January result to 25.2. Average fuel economy has now been at or above 25 mpg in 24 out of the past 25 months. In December, it was just shy of 25 at 24.9 mpg.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Google Pads Self-Driving Car Team with Auto Veterans

Google's self-driving car team is expanding and hiring more people with automotive industry expertise, underscoring the company's determination to move the division past the experimental stage. The operation now employs at least 170 workers, according to a Reuters review of their profiles on LinkedIn, the business-oriented social network. Many are software and systems engineers, and some come from other departments at Google. More than 40 of the employees listed on LinkedIn have previous automotive industry experience, with skills ranging from exterior design to manufacturing.
Source: Reuters

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Alfa Delayed Giulia Launched to Make Sure the Car is 'Perfect,' Marchionne Says

Alfa Romeo delayed launching its new Giulia midsize sedan to make sure it would be a true rival to competitors such as the BMW 3 series, said Sergio Marchionne, CEO of the brand's parent, Fiat Chrysler Automobiles. "The project was technically immature," Marchionne said at the auto show in [Geneva]. "We will start only when we are on par with the Germans, otherwise it is not worth the effort," he said. Alfa said that orders will open for the Giulia in Europe starting April 14. U.S. sales of the Quadrifoglio version will begin in the third quarter, with the 2.0-liter version arriving in U.S. showrooms by year-end. The Giulia Quadrifoglio will start at $70,000 in the U.S, Alfa said.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

2016 NADA Convention: Be There or Be Square
By Brett Stevenson

This is my annual suggestion that you attend the upcoming 2016 NADA Convention & Expo, which is in Las Vegas from March 31 to April 3. By the time you read this, it will probably be early March, so you will still have time to book a flight and hotel for the conference. The reason I push dealers and dealership employees to attend is because NADA is traditionally the place you will find information and cutting-edge developments that will give your dealership an advantage over dealerships that don’t attend.
Source: Dealer Marketing Magazine

Brett Stevenson is president and CEO of the Dealer Marketing Center and publisher of Dealer Marketing Magazine.


Share: LinkedIn Twitter Facebook

[back to top]

More Articles
     
    Quotable
    “Basically, consumer demand for the auto industry is strong, and it reflects the fact that for many years since the financial crisis, automobile spending was kind of low. The average age of the automobile stock got older than usual, and there is a pent-up demand for automobiles.”

       --- Barry Bosworth, an economic expert at The Brookings Institution, on the prediction of strong U.S. auto sales in 2016, IndyStar, March 4


    Sponsored by

    NADA Market Beat

    New-Car Sales Off to a Roaring Start
    Videos

    Consumers Benefit When Dealers Discount Rates


    Register Today for the 2016 NADA Convention in Las Vegas
      


    Dealer Financing Benefits Car Buyers


    NADA University Online: The Next Generation 
      


    Get the Facts: The Benefits of Franchised Auto Dealers

    Sponsored by


    NADA Webinars
    NADA members can view past webinars on-demand at no charge at NADA University Online. Member must create an NADA account before viewing.
    NADA Foundation News
    NADA Foundation Presents Grants to Wesley College

    NADA Foundation Presents Grants to Wheeling Jesuit University


     
    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 .