NADA Convention Wrap Up

Midday Newscast from NADA: Cadillac sales hopes

11:45 am U.S. ET | Feb. 11, 2013
Dealers told to expect 35 percent retail improvement, VW infotainment plans, break for Fiat dealers, eBay goes for parts bin.... Read More »

 

AutoTrader acquires incentive-tracker Automotive Information Systems

2:40 pm U.S. ET | Feb. 11, 2013
AutoTrader Group's stable of online classified properties and software companies just got bigger. Dale Pollak, founder of vAuto, a unit of AutoTrader, said AutoTrader has acquired Automotive Information Systems, an Ann Arbor, Mich., tracker of new-vehicle incentives, for an undisclosed price.... Read More »

 

Ally sees full U.S. repayment by 2014 on auto business gains

10:11 am U.S. ET | Feb. 11, 2013
Ally Financial, the second-largest remaining investment by the Treasury’s federal bailout fund, will repay the government by 2014 on the strength of its auto-finance business, its CEO said.... Read More »

 

JASON STEIN

Look for innovation overdrive in the service drive

5:12 pm U.S. ET | Feb. 10, 2013
The location is unknown at this point (let’s get crazy and assume it’s Las Vegas). The state of the industry is unclear (here’s hoping it’s healthy). But when the 2025 National Automobile Dealers Association convention rolls around, the vision for retail is: The big winners will have service as their middle name.... Read More »

 

Fiat dealers can postpone expansions as Alfa Romeo returns to U.S.

10:33 am U.S. ET | Feb. 10, 2013
Changes in the product cadence for Alfa Romeo’s return to the United States means Fiat dealers may be able to postpone required expansions of their stores for up to two years until more vehicles arrive in 2015, Chrysler Group’s top dealer executive said.... Read More »

 

Ford to help refurbish stores

3:28 pm U.S. ET | Feb. 10, 2013
Ford brand will offer dollar-for-dollar matching funds up to $750,000 to dealers who refurbish their facilities in line with the Ford Trustmark design program, the company told dealers at its make meeting today during the National Automobile Dealers Association convention.... Read More »

 

Sun. Newscast 1: NADA chief's parting shot

7:45 am U.S. ET | Feb. 10, 2013
Underriner to car makers: Back off 'stair-steps,' pricy image mandates; Hyundai chief praises dealer system; used-car wave.... Read More »

 

AMY WILSON

Some dealers look past facility programs to sales, profits

4:30 pm U.S. ET | Feb. 10, 2013
What a difference a year makes. While facility programs continue to cause great concern -- and consternation -- among dealers, the intensity surrounding the issue has subsided since 2012's National Automobile Dealers Association convention.... Read More »

 

Sun. Newscast 2: Franchise king: Lexus

12:01 am U.S. ET | Feb. 10, 2013
Toyota, Honda also rank high, but guess who's waiting in the wings?; auctions twice as fast?; dealer comes to aid of Marines.... Read More »

 

LINDSAY CHAPPELL

This year’s buzz: Dealer apps

10:13 am U.S. ET | Feb. 10, 2013
Was it all of three or four years ago that the buzz at the auto retailers convention was all about dealer Web sites? Who was doing them well? Who was missing the boat? Who was making sure they met standards, and what bright new promise did they held for the auto industry?... Read More »

 

Dealers face sticker shock on health plans

6:02 pm U.S. ET | Feb. 9, 2013
Auto dealers have 10 months to re-evaluate and change their employee health care benefits under the national Affordable Care Act, and complying with it could leave many of them with sticker shock.... Read More »

 

Old car, new repair prospect

4:02 pm U.S. ET | Feb. 9, 2013
Expect consumers to keep their cars longer, requiring more repair work, and expect more dealership groups to follow AutoNation's lead and brand themselves.... Read More »

 

Outgoing NADA chairman urges factories to be flexible on facilities

5:08 pm U.S. ET | Feb. 9, 2013
With little payback proven, automakers should back off demands on dealers for massive investment in facility image programs, outgoing Chairman Bill Underriner told dealers today at the National Automobile Dealers Association convention.... Read More »

 

Passion cools on facilities issue

9:00 am U.S. ET | Feb. 9, 2013
Expansive new dealership buildings still aren't worth the millions of dollars invested in them, but facility renovation programs aren't as dramatic an issue for dealers as they were a year ago. So concludes an NADA study that was released Saturday. The finding on payback is an echo of the first phase of the study, released a year ago.... Read More »

 

Sat. Newscast 1: Why AutoNation's gone 'solo'

7:45 am U.S. ET | Feb. 9, 2013
CEO Mike Jackson's views on the digital revolution, and the automotive equivalent of 'heroin'; plus, Honda's take on 'stair steps.'... Read More »

 

JASON STEIN

Mood swing in Orlando: This year, deals are everywhere

6:43 pm U.S. ET | Feb. 9, 2013
A lifetime ago -- like, way back in the bad old times of early 2010 -- you could have shot a cannon down one side of the Orange County Convention Center and not hit a soul. This weekend the message is clear: Dealerships are open for business. And people are buying in style.... Read More »

 

ARLENA SAWYERS

Heavy snow won’t stop auction action, NAAA president says

6:22 pm U.S. ET | Feb. 9, 2013
The roads are blocked, businesses are closed and people have hunkered down in their homes as the Northeast rides out the great blizzard of 2013. But come Monday morning auto auctions located in the snow-covered Northeast will be ready for business, predicts Paul Lips, president of the National Auto Auction Association.... Read More »

 

Sat. Newscast 2: The cost of store fixes

12:01 am U.S. ET | Feb. 9, 2013
As controversy cools, NADA still finds more cons than pros; big SUVs lose clout; 20,000 attendees in Orlando... Read More »

 

LARRY P. VELLEQUETTE

Newborn Chrysler Capital shows up at NADA

3:42 pm U.S. ET | Feb. 9, 2013
There are lots of young companies on the expo floor at the NADA convention pushing this product or that service to help dealers. But as far as I can tell, there's only one so young that it ought to be wearing diapers.... Read More »

 

MARK RECHTIN

No softballs at the Power roundtable

11:36 am U.S. ET | Feb. 8, 2013
Most Q&A sessions at industry conferences are loaded with softballs, easy questions lobbed for the on-stage executive speaker to knock out of the park. But making AutoNation CEO Mike Jackson the grand inquisitor -- especially when his target is Honda exec John Mendel -- changes the scenario in a big way.... Read More »

 

U.S. sales growth to slow, yield healthy industry results, Power says

9:59 am U.S. ET | Feb. 8, 2013
The double-digit sales increases notched by the U.S. auto industry since 2009 will give way to slower but steady growth through 2015, J.D. Power and Associates predicts. Sales should grow 4 percent this year, to 15.1 million, followed by 4 percent gains in each of the next two years, Power says. The market research firm says growth is happening the right way, with automakers building to demand and dealers' profitability improving.... Read More »

 

Comeback for the service lane?

6:16 pm U.S. ET | Feb. 8, 2013
Dealers' service departments are about to benefit from a growing number of 3-year-old vehicles on the roads, says Mike Jackson, CEO of AutoNation, the nation's largest auto retailer. Jackson said energy and housing are growing bright spots in an otherwise anemic economic recovery.... Read More »

 

Honda to Detroit: Quit crying over exchange rates

12:44 pm U.S. ET | Feb. 8, 2013
Tough talk from Detroit about the more favorable yen giving Japanese automakers an unfair advantage in the U.S. market “doesn't pass the sniff test,” American Honda's top sales executive said today. “No one was saying, 'Gee, I hope they are OK,' when the yen went from 115 to 75 and we were on our deathbed,” John Mendel, an American Honda executive vice president, said at the National Automobile Dealers Association convention here.... Read More »

 

JASON STEIN

How's business? Dazzling -- but we're keeping an eye on it

5:47 pm U.S. ET | Feb. 8, 2013
The year is off to a sizzling beginning, jump-started by a hot January for sales. Profits are near all-time highs across the dealer landscape. And, if you listen closely to those who escaped the winter blizzard and made it to Orlando, business is downright rocking. No potholes in sight, right? Well, not so fast.... Read More »

 

Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
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