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Friday, February 03, 2012

NADA FRIDAY WRAP UP: Hesterberg says TrueCar.com harms dealers | Krafcik: Capacity crimps Hyundai | Power: Demand, new models to lift sales

NADA Convention & Expo coverage
FRIDAY COVERAGE February 3, 2012
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Complete coverage of the National Automobile Dealers Association convention in Las Vegas.
 
TOP STORIES

Hesterberg says TrueCar.com harms dealers
image Group 1 Automotive CEO Earl Hesterberg believes TrueCar.com is harmful to dealers and automakers and questions the online shopping site's value to the industry. ...  story 

Krafcik: Capacity crimps Hyundai
imageHyundai Motor America, which doubled the industry's 10 percent sales gain in 2011, will not see similar gains this year, its top executive said. Because of capacity constraints at its Alabama plant, Hyundai will be fortunate to match the industry's expected 8 percent gain to 13. ...  story 

Power: Demand, new models to lift sales
A wave of fresh vehicles should combine with pent-up demand to drive U.S. vehicle sales higher this year and next, J.D. Power and Associates predicts. Automakers are expected to introduce 51 new or redesigned vehicles this year, the most in at least the past five years. ...  story 

JASON STEIN
TrueCar and Taj Mahals have everyone thinking
imageScott Painter probably never imagined the day when his name would share the podium with gray tile or grout. But there they were Friday -- the oddest of bedfellows. ...  story 

Marchionne: Stores must have unified look
image Sergio Marchionne, CEO of Chrysler-Fiat, is one of the few auto executives who seems to make news each time he opens his mouth. He has an enviable command of the smallest details of his business and a slew of people who report directly to him as Chrysler Group continues its recovery. ...  story 

Chrysler opens 17 dealerships in California
imagePeter Grady, Chrysler Group's vice president for network development and fleet, says he is making progress rebuilding dealerships and sales in California. The automaker dropped many dealerships in the state in the 2009 bankruptcy. He spoke with Staff Reporter Larry P. Vellequette. ...  story 

Many hot topics fill make meeting agenda
image Dealers have a lot on their minds as they prepare for their make meetings Sunday and Monday. Among the issues: dealership facility requirements, advertising strategies, North American production plans and, of course, new products. ...  story 

Dealers take steps to boost data security
As dealerships share more information with outside companies via the Internet, Houston dealer Bruce Glascock has beefed up his data security. ...  story 

Question of the day
Does your captive finance company lean on you to sell its F&I products, such as service contracts? ...  story 

Glenn Mercer: Getting to the bottom of renovations
imageAsk auto retail experts about manufacturer-mandated store improvements and you will find no shortage of opinions, analyst Glenn Mercer said. But ask them to back their opinion with research and you'll find a shortage. ...  story 

50 dealers honored as Time award nominees
Fifty auto dealers have been nominated by automotive trade associations for the 2012 Time Dealer of the Year award. The nominees were announced by Time magazine and Ally Financial, this year's sponsor. ...  story 

What's happening Saturday?
A roundup of events for Saturday, Feb. 4 ...  story 

TALKIN' FACILITIES
Industry executives weigh in on the issue
image NADA will release a report this morning that it commissioned from independent analyst Glenn Mercer on whether automakers' facilities programs produce an acceptable return on investment. Ahead of the report's release, here are some industry executives' comments about the issue. ...  story 

Dealers can share all-star ideas
NADA University wants to hear from dealers who have turned their training into successful practices. Dealers may visit the NADA University booth in the main lobby of the Las Vegas Convention Center through Monday. ...  story 

Northwood pays tribute to dealers who aided education
Northwood University in Midland, Mich., will present seven Dealer Education Awards at a breakfast Sunday at Bally's Las Vegas. ...  story 

GM moves Small from fleet sales to head of U.S. dealer network
General Motors has named Brian Small general director of its U.S. dealer network. Small, 56, replaces Jim Bunnell, 56, who was named to a newly created position as head of the dealer network for GM Europe, GM said. ...  story 

Lincoln dealers upbeat about new products on horizon
image Lincoln dealers are cautiously hopeful that the unveiling of the Lincoln MKZ Concept car at the Detroit auto show means that Ford Motor Co. is committed to turning its lagging luxury brand around this time. Bob Tasca Jr. ...  story 

Nissan dealer: New-product 'arsenal is absolutely full'
imageMike D'Amato became a Nissan dealer at what looked like a challenging moment. He opened for business as Nissan of North Olmsted, near Cleveland, in the summer of 2007, just as the industry was sliding into trouble. But D'Amato, now 50, was armed with a positive attitude. ...  story 

On the record
image "It's the most unsexy corporate mantra ever." -- JOHN KRAFCIK, CEO of Hyundai Motor America, referring to the automaker's founding principles of "diligence, frugality and harmony" ...  story 

Ford dealers wonder: How do we top 2011?
imageFor Ford dealers, 2012 is going to be a very big year indeed. Redesigned versions of the Escape crossover and Fusion mid-sized sedan will be introduced in the second half of the year, both featuring sleek new designs and loaded with technology. ...  story 

New Chrysler Group leaders regain their dealers' trust
image David Kelleher began selling cars when he was 24, shortly after finishing his undergraduate degree at the University of Pennsylvania. It wasn't his intended career path -- he had wanted to go to law school -- but the industry grabbed hold of him and never let go. ...  story 

Jaguar rep: Amid upheaval, dealers remain confident
imageJaguar's sales have not rebounded with the rest of the auto industry. Its U.S. sales in 2011 dropped 8 percent to 12,276 units. But Jaguar's owner since 2008, Tata Motors Ltd. of India, has been restructuring and reorganizing the brand. ...  story 

BMW dealers need help with factory relations
image MW beat Lexus in the race for the annual luxury crown last year. It's the first time BMW has been the top-selling luxury brand in the United States. That capped a year of major changes at BMW of North America. ...  story 

Mercedes dealers' goal: Best-in-class profitability
imageMercedes-Benz launched five vehicles last year, tried to beat BMW for the No. 1 luxury brand title, fired its CEO after alleging ethics violations and appointed the vice president of sales to take his place. Staff Reporter Diana T. ...  story 

At Lexus, enthusiasm about ample supply, new product
image Lexus had been the top-selling luxury brand in the United States for a decade when the March earthquake struck Japan, crimping inventories and allowing BMW and Mercedes-Benz to pounce on the sales opportunity. ...  story 

Tight inventory is top concern for Land Rover dealers
imageA new compact SUV helped Land Rover finish U.S. sales up 20 percent. But dealers say sales could have been higher had there been more product. Staff Reporter Jamie LaReau spoke with Dan Muggli, chairman of the Land Rover Business Operations Council. ...  story 

For Lincoln, exclusive F&I products
Ford Motor Credit Co. is tailoring its F&I products for Lincoln customers. Ford Credit launched Lincoln Automotive Financial Services in November as part of a strategy to polish Lincoln's credentials as a luxury brand and gain a degree of separation from the Ford brand. ...  story 

BEST OF BEST PRACTICES
Bergstroms' pledge: 'Treat everyone like guests'
imageThe foundation of Bergstrom Automotive's empire in Wisconsin was forged early in the lives of John and Richard Bergstrom. Mom insisted that gracious hospitality included tidy and well-dressed sons. ...  story 

Lithia sweeps Shareholder Value retailer awards
image Lithia Motors Inc. swept the retailer category at the 12th annual Global Automotive Shareholder Value Awards in January. The awards, developed jointly by Automotive News and PwC, recognize the best shareholder return for automotive manufacturers, suppliers and retailers. ...  story 

BEST OF BEST PRACTICES
Benefits keep dealership's staff onboard
imagePaul Weller has sold trucks at the same dealership for 33 years. Colleague Pat Marshall has worked there 34 years; Venson Rickert, for 32. Sound unusual? It's not at Bayshore Ford Truck Sales in New Castle, Del. ...  story 



 

 
BLOGS
 Import brands should chill out over Obama snub 
Staffing to meet expected sales is pure speculation 



 
Why wait 'til Sunday?
Super Bowl Ads
Automakers and retailers are gearing up for the biggest Sunday night of their year. Many commercials have already gone viral. Go to autonews.com/superads to take a look at what has already been released.

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