In the automotive industry, 2011 will be remembered for a remarkable series of events. The Detroit Three climbed back from the brink. A massive earthquake and tsunami struck Japan, killing thousands and disrupting Honda’s and Toyota’s supply lines. General Motors reclaimed its crown as the world’s No. 1 manufacturer. TrueCar went from partner to pariah. It was a hell of a year.
But the dealers, executives, experts and analysts who gathered in Las Vegas for the 2012 NADA Convention & Expo weren’t distracted by the headlines. From the educational sessions to the press briefings, they described a market dominated by a scarcity of used cars and the resurgence of subprime financing.
via F&I Magazine.