2003 NADA Convention Coverage Page 3

February 3, 2003


That’s the $5 word one heard a lot over the weekend at the NADA convention. The real danger to the auto industry is “an exogenous shock,” or one from outside that carmakers can’t control, warned Ford Chairman Bill Ford. The big concern underlying this year’s dealer gathering is the likelihood of war with Iraq. “Outwardly, dealers are happy, but inside, they’re a nervous wreck,” said consultant J Ferron, head of the automotive practice at consulting firm PriceWaterhouse Coopers. Until the crisis in the Persian Gulf is resolved, industry officials added, it will be tough to make any real forecasts for the coming year, and even to do any serious planning. “If we’ve been in overdrive the last few years,” said Ferron, right now, “we’re in-between gears.”

The Car Connection
See the winners »
The Car Connection
Commenting is closed for this article
Ratings and Reviews
Rate and review your car for The Car Connection
Review your car
The Car Connection Daily Headlines
I agree to receive emails from the site. I can withdraw my consent at any time by unsubscribing.
Thank you! Please check your email for confirmation.