Tag: NADA

By on April 13, 2017

dealership

Every industry analyst is beginning to sing the same tune. Despite things looking good now, the worm is about to turn. Global sales look poised to remain strong this year but the market has peaked and sales should persist on a graph as a flat line. Next year could be a different story, however, and there’s much apprehension surrounding lengthening loan terms and the upsurge of subprime lessees.

Rising incentives are also causing alarm; J.D. Power and Associates expects the average incentive per new unit to top $4,000 in 2017. While that tactic may get people into dealerships now, it might also harm long-term profitability as the automotive industry swings toward leaner times.   (Read More…)

By on January 31, 2017

e-tron

Along with the rest of Volkswagen AG, Audi has made plans to invest heavily into electric vehicles. The company expects EVs to comprise 25 percent of its U.S. sales by 2025 and is devoting the e-tron moniker to an entire division of electrified models, with the first arriving next year.

Addressing the J.D. Power Summit at this year’s National Automobile Dealers Association Convention and Expo, Audi of America President Scott Keogh told salesmen to welcome the electric mobility market with open arms or learn to cope with an ambivalent future. However, jumping head-first into a relatively small market with a huge potential for growth isn’t without pitfalls, and it isn’t unwise for dealers to remain cautious. Still, with Audi planning to introduce three new BEVs within the United States by 2020 and Volkswagen Group hoping to have 30 battery-electric models out by the 2025, you can see why Keogh is pressing the issue.  (Read More…)

By on December 5, 2016

Insane People at the Stock Photo Dealership

Industry watchdogs are becoming increasingly concerned that salespeople are misrepresenting new vehicles’ semi-autonomous features to customers. Considering that most salespeople work on commission, consumers are used to hearing that prices are non-negotiable or that they will get a “great deal” on their trade-in. Dealer fibbing is par for the course.

However, claiming a car’s safety capabilities are more robust than they actually are — either due to greed or ignorance — can cost both parties more than a few extra bucks. (Read More…)

By on July 7, 2016

GM-NASA Space Robot ‘Power’ Glove Finds New Life on Earth

Not too long ago, engineers from General Motors and NASA stood around a glove, thinking, we can rebuilt this — better, stronger, more dexterous than before.

Well, they did, and now RoboGlove — a term that conjures up images of a vaguely 1980s dystopian future — will soon get its manufacturing debut at the end of select GM workers’ arms. (Read More…)

By on April 3, 2016

Herbert Diess, Image: Image: RudolfSimon (CC BY-SA 3.0) via Wikimedia Commons

Volkswagen dealers in the U.S. will get more vehicles to sell this year and next, but there’s still no word on possible reparations or when to expect a diesel emissions fix.

At a meeting with dealers at the National Auto Dealers Association convention on Saturday, Volkswagen brand chief Herbert Diess promised to “redefine” the brand and boost shipments of popular models, Automotive News has reported.

The meeting aimed to calm the fears of increasingly frustrated dealers while providing some certainty about product strategy. Despite promising to carry on with the strategy favored by departed Volkswagen of America CEO Michael Horn, Diess’ reassurances didn’t win over everyone.

(Read More…)

By on April 1, 2016

Ford Dealership

Light vehicle sales haven’t peaked in the U.S., but the way they’re being sold is putting automakers in some financial peril.

That warning was delivered by Thomas King, vice-president of the Power Information Network, ahead of this weekend’s National Automobile Dealers Association, Wards Auto reports.

Speaking at the J.D. Power Automotive Summit, King said retail sales of cars and light trucks will rise this year and next, even after a very healthy 2015. Last year saw 14.2 million units reach customers, with volume projected to hit 14.7 million in 2017.

Despite moving more vehicles and rising MRSPs, automakers risk forgoing the financial benefits due to incentives and a growing trend towards leasing.

(Read More…)

By on December 15, 2015

Cheryl writes:

I have a 1982 Chevrolet Chevette Scooter and I’m trying to determine its value. It has manual transmission and no A/C. Is there a source you recommend I contact?

Thank you for your help!

(Read More…)

By on January 28, 2015

IMG_20150123_112622

Last week, I snagged a press pass to the 2015 National Automobile Dealers Association Convention and Expo in San Francisco. That’s right, San Francisco, one of the least car-friendly places in the country, if not the world. Dealers would have to rely on buses to get to their hotels and a few landmarks. They would have to use public transport to go shopping. And they would have to contend with an area of the country trying to “disrupt” their business model with the likes of Tred and Tesla, both of whom didn’t have exhibits at the event.

(Read More…)

By on June 12, 2014
Source: Gallagher.com

Source: Gallagher.com

Troyochatter submits this request for your perusal.

Hey there, I have a dilemma that you might be able to help with.

Got a sec?

(Read More…)

By on May 23, 2014

PA also 225

The Federal Trade Commission is launching an investigation into biweekly payments sold as a product by dealership finance departments on the basis that consumers may not be getting their money’s worth with such payments.

(Read More…)

By on June 5, 2013

Picture courtesy greenoptimistic.com

Tesla’s Elon Musk found someone to blame for the lackluster sales of EVs, and the death of some EV makers: Car dealers, and their National Automobile Dealers Association NADA.

“The auto dealers association is definitely creating some problems for us, making it harder to get things done,” Musk said at Tesla’s shareholder meeting with Reuters taking notes. Tesla wants to sell its cars directly to consumers, which is against the law in most states. Attempts to have the law changed “met stiff resistance from dealer groups around the country,” Reuters says. Musk keeps trying. (Read More…)

By on October 8, 2012

Tesla’s sales model, with factory-run outlets selling directly to customers, is coming under fire while dealer groups such as NADA are citing the apparent illegality of factory-owned sales outlets.

(Read More…)

By on May 31, 2012

Did we tell you a month ago to sell your used car now if you want to get the most mullah out of your clunker? We (or rather NADA) called the peak correctly. Used car prices are heading south. (Read More…)

By on May 21, 2012

Five years ago, car dealers throughout the country were hit hard by carmageddon. Now, they are about to get hit again where it really hurts: In the workshop, where the real money is being made. The auto sales collapse of 2008 winds its way through the years like a diet through an anaconda. While showrooms were empty five years ago, now it’s the service bays that are deserted. (Read More…)

By on April 10, 2012

Used car prices have been rising for a while to a degree that sometimes it can be cheaper to buy new than used. If you have been sitting on the fence, it could be time to hop on down. Used car prices are predicted to peak within the next two months. (Read More…)

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