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Automotive News Retail News Feed
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Marchionne: Industry can hit 54.5-mpg goal
Chrysler-Fiat CEO Sergio Marchionne said Saturday that the auto industry will need to meet proposed 54.5 mpg standards by 2025, and can do so despite NADA's opposition to the proposal.
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If NADA is the bellwether, the auto industry's back
From a standing-room-only press conference for the Factory Image Program to a concourse crowded with attendees, when the doors opened Saturday there was little doubt about the state of this convention: NADA is back.
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New look
Dealers visit the Toyota Image USA II prototype facility display at the Toyota stand Saturday. About 550 of Toyota's 1,200 stores have completed the renovation with another 120 slated for this year.
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Hyundai weighs Genesis upscale subbrand
Hyundai may market its premium vehicles under a Genesis subbrand to further distinguish its upscale cars from its mainstream vehicles, the brand's U.S. sales boss said.
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NADA Chairman Wade addresses 'frustration' over facilities programs
Dealers are expressing 'widespread frustration' over automaker requirements that force them to spend big on renovating their facilities but with little evidence of a payback, said Stephen Wade, in his farewell address as chairman of the...
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What's happening Sunday
A roundup of events for Sunday, Feb. 5
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TrueCar stops offering dealer prices online
TrueCar.com, the online vehicle shopping service, has stopped offering vehicle prices from dealers and promising big discounts. TrueCar shoppers now request price quotes from local dealers after they visit the TrueCar Web site.
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Used-car prices likely to rise 2%
Used-vehicle prices will rise on average about 2 percent byyear end, with prices peaking in April, Jonathan Banks, executive automotive analyst at NADA Used Car Guide, predicts. That's on top of a 3 percent average increase in 2011, he says.
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Time magazine honors Mike Shaw as its 2012 dealer of the year
Mike Shaw is the 2012 Time Dealer of the Year. Shaw, 65, was scheduled to receive the honor here Saturday. He is dealer principal of Mike Shaw Chevrolet-Saab in Denver and owns six other dealerships in Colorado, Louisiana and Texas.
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Manheim: Leasing increases in '11
New light-vehicle leasing increased in 2011 from a year earlier, to 20 percent of U.S. retail sales, according to the Manheim 2012 Used Car Market Report.
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