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At a Glance...
Top Stories
U.S. Sales to go Down in '08, Toyota Predicts
G.M. Cuts Jobs as Part of a Production Curb
Hummer: Bonuses, Buyouts
Proposal for Fuel Economy Loan Adds Supporters
Fuel Economy Push Hits Snags
NADA Update
NADA Convention Registration Now Open
New Executive Education Class Forming at Babson College
NADA Publication Provides Guidance on New FTC 'Red Flags Rule'
Save on HP Printers and Notebooks
Top Stories
U.S. Sales to go Down in '08, Toyota Predicts

It will be the Japanese carmaker's first full-year American drop since '91
Toyota Motor Corp. expects its annual U.S. auto sales to fall for the first time in 17 years, reflecting a severe downturn that sideswiped its Tundra pickup and other big vehicles. The troubles in the U.S. auto market led Japan's biggest carmaker to cut its overall sales forecast for 2008, but Toyota said on Monday that it still expects to sell more vehicles worldwide this year than it did in 2007 because of solid demand in emerging markets.
Source:  The Detroit News

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G.M. Cuts Jobs as Part of a Production Curb

G.M. said Monday that it would cut production of 117,000 pickups and S.U.V.’s as part of a larger effort to trim its North American manufacturing capacity by 300,000 vehicles by next year. The company also said it would idle several other assembly plants for various periods to address the shrinking demand for pickups and SUVs.
Source:  The New York Times

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Hummer: Bonuses, Buyouts

GM works quietly to acquire dealerships
With its dealers struggling to sell vehicles from a brand that might be sold, General Motors has paid Hummer dealers early bonuses and is in talks to buy out stores. [Tim Kelly, a Hummer dealer in Chattanooga, Tenn.] said GM is "tiptoeing through a legal minefield" by trying to shed Hummer, trying to avoid the lawsuits that ensued when it killed Oldsmobile. He said he doesn't think that dealers "are going away without a fight, but I think GM is handling it the right way by making peace with each dealer, one by one."
Source:  Automotive News (Subscription required.)

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Proposal for Fuel Economy Loan Adds Supporters

WASHINGTON -- Backers of a program that would lend up to $25 billion to automakers and auto parts suppliers said Monday they had garnered 71 U.S. House members to support their search for $3.75 billion in funding over the next couple of months. The program, known as the Advanced Technology Vehicles Manufacturing Incentive Program, was meant to help automakers meet fuel economy standards of 35 miles per gallon by 2020. Created but not funded by Congress last year, the program would provide low-cost loans to cash-strapped automakers and their suppliers for engineering fuel-efficient vehicles or converting old plants. "Funding this new program is critical to the future of the U.S. auto industry, as well as our nation's efforts to reduce our dependence on foreign sources of oil," said Rep. Sander Levin, D-Mich. "The federal government must be an active partner in the effort to create these jobs and technologies here in the United States."
Source:  Detroit Free Press

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Fuel Economy Push Hits Snags

Gas-Mileage Rules Are Called Too Lax And Too Stringent
WASHINGTON -- A Bush administration proposal to boost fuel efficiency of automobiles to 31.5 miles per gallon by 2015 is raising hackles on two sides: from car makers, who say it is too tough, and from some Democrats, who say it isn't tough enough. At issue is how to implement a landmark law passed last year that requires the Department of Transportation to raise fuel-economy standards for cars and light trucks to a fleetwide average of 35 mpg by 2020. The law gives the Department of Transportation authority to set interim standards. The department's proposal for 2015 is a 25% increase from the present and amounts to the fastest leap in the 33-year history of the federal automobile-fuel-economy program. Administration officials say the proposal would cost the industry roughly $46 billion -- among the most expensive federal rules ever -- and save drivers more than $100 billion in fuel costs over the lifetime of the vehicles covered by the rule. "From the societal perspective, the rule-making makes a lot of sense, but we are extremely aware of the impacts on various manufacturers," [said Tyler Duvall, the assistant secretary of transportation for policy.] "It's an extremely aggressive proposal."
Source: The Wall Street Journal

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NADA Update
NADA Convention Registration Now Open

 

New Orleans is back – the site of the 2009 NADA Convention & Exposition January 24-27. And the Big Easy is ready for dealers to return. "The heart and the core of New Orleans, its commercial and its cultural core and its tourism and hospitality industry looks better than it did before the storm," says Stephen Perry, president and CEO, New Orleans Convention and Visitors Bureau. The NADA convention committee recently met in New Orleans to see firsthand the city's progress. "New Orleans is definitely ready for the dealers to come back," says Annette Sykora, NADA chairman.

Convention registration is now open. In recognition of tough economic times, registration fees and hotel rates have remained unchanged, and discounted airfare is available. More than 700 exhibitors, 150 dealer workshops, a heavy-weight lineup of speakers and an additional half-day of workshops, including "Lifeline to Profit$" (offered both Friday and Tuesday), are slated for the NADA convention.

In 2007, New Orleans hosted 7.1 million visitors. Since Hurricane Katrina, $700 million has been invested in new hotel renovations. More restaurants (913) are open in the city today than before Katrina. And the French Quarter is cleaner than ever. "It's amazing how clean the French Quarter is," Sykora says.

The theme of the NADA convention is "Committed to Community." Putting the theme into action, the NADA Charitable Foundation contributed $400,000 in May to the Brees Dream Foundation (founded by Drew Brees, New Orleans Saints quarterback) to complete the restoration of the athletic fields at Lusher High School, the city's largest public high school.

New Orleans has been a favorite NADA convention city for more than 30 years. The cultural experience of New Orleans continues to flourish, as it has for centuries. The city is the birthplace of jazz and the place of some of the world’s most popular musicians – from Louis Armstrong to Lenny Kravitz.

The most celebrated and historic core of the city – including the French Quarter, Faubourg Marigny, Central Business District, Warehouse and Arts District, Magazine Street, Garden District, Audubon Park and Zoo and St. Charles Avenue – is thriving. "From the time you enter the city, you can see that everything has been revitalized," says Jeff Carlson, chairman of the NADA convention committee.

Click here to register online or for more information.

 Click here for the video that shows just how much progress New Orleans has made since Katrina.

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New Executive Education Class Forming at Babson College

Applications for a new Dealer Executive Education class scheduled to begin in January 2009 at Babson College are due October 1. For those applications received on or before September 1st, the $600 application fee may be applied toward the initial installment payment for tuition and fees.

Babson is the  preeminent provider of entrepreneurial executive education training in the United States. It has been ranked No. 1 in entrepreneurship for 13 consecutive years  by U.S. News & World Report. The customized six-module program focuses on leadership, management and entrepreneurship for the retail side of the automotive and truck industry. All six week-long classes are being held on campus at the Babson Executive Education Center over a 16-month period. "Ideal candidates for the program are individuals who are in a position to effect change within the dealership," says Allan Jones, director of the  NADA dealer academy. "This is a lot more than just changing your dealership. This is about making myself a better leader," said executive education student Jared Hamilton of Henry Day Ford in Sandy, Utah.

Visit www.DealerExecEd.org to enroll and find out more about the program or contact Dealer Academy Director Allan Jones at (703) 821-7210 or ajones@nada.org.

  Click here to view a brief video on the program.

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NADA Publication Provides Guidance on New FTC 'Red Flags Rule'

McLEAN, Va. — In response to the Federal Trade Commission (FTC)’s new Red Flags Rule — under which most dealers and other creditors must develop and implement a comprehensive Identity Theft Prevention Program by November 1 — NADA Management Education has released a new guide to assist with U.S. dealer compliance.

A Dealer Guide to the FTC Red Flags and Address Discrepancy Rules: Protecting Against Identity Theft (L50) explains the requirements under the Rule, and includes detailed, step-by-step guidance on developing the written program required under the Red Flags Rule, as well as a sample written program, worksheets and other helpful materials. All members will soon receive one free copy of the full guide in the mail. The sample written program is also being made available to members — free upon request, subject to terms and conditions — as a Word document to aid dealers in developing written programs specific to their dealerships in advance of the compliance deadline.

To receive these materials, contact me@nada.org with your request and member identification number. Additional copies of the guide, as well as a PDF version, are available to members for $40 each. The guide is also available to nonmembers for $80 each. The guide also will serve as the basis for two virtual seminars on the Red Flags Rule. Register for the seminars, to be held twice — August 26 and September 23 — at www.nada.org/seminars, or call (800) 248-6232, ext. 7061. For further information, visit the NADA Management Education online catalog at www.nada.org/mecatalog or call (703) 821-7227.
Source: NADA Newswire

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Save on HP Printers and Notebooks

 

NADA members can save $200 on HP Color LaserJet printers CP4005n and CP4005dn. Members can also save $200 on HP Compaq 6515b notebook PCs with broadband wireless service. To take advantage of these savings, visit NADA's PC Purchase Program and click "HP" (member login required).

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Featured Video
 

Click here for the video that shows just how much progress New Orleans has made since Katrina. The NADA convention returns to New Orleans January 24-27.  

More Video Highlights
Quotable
 
GM is "tiptoeing through a legal minefield" by trying to shed Hummer, trying to avoid the lawsuits that ensued when it killed Oldsmobile."

   
-- Tim Kelly, a Hummer dealer in Chattanooga, Tenn., Automotive News, July 28 


"If one segment gets hit, Toyota gets hit as well. That's what happened in full-size pickups and full-size SUVs."

   
-- George Peterson, president of Tustin, Calif.-based AutoPacific Inc., explaining why Toyota is likely to experience its first full-year American drop since '91, The Detroit News, July 29


"It's an extremely aggressive proposal." 

    -- Tyler Duvall, the assistant secretary of transportation for policy, referring to a Department of Transportation proposal to raise fuel-economy standards to 31.5 miles per gallon by 2015, The Wall Street Journal, July 29


"The federal government must be an active partner in the effort to create these jobs and technologies here in the United States." 

    -- Rep. Sander Levin (D-Mich.), referring to the Advanced Technology Vehicles Manufacturing Incentive Program, meant to help automakers meet fuel economy standards of 35 miles per gallon by 2020, Detroit Free Press, July 29
Video Highlights
 
  
NADA and "SeeMore's Playhouse" Team Up to Promote Child Passenger Safety
NADA's New Orleans Project: Lusher Charter School
NADA's Return to New Orleans
NADA Chief Economist Forecasts a Challenging '08
Click here for more NADA-TV reports.
 
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