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Top Stories
Volkswagen Overtakes Ford in Car Sales
Consumers Hold Off on August Car, Truck Buys
GM '09 Line Fuel Efficient
Toyota Plans Electric Car, Earlier Plug-In Prius Test
Toyota's Plunge into Big Pickups Veers into a Texas-Size Ravine
Automakers Face Conflicting Safety Rules Worldwide
NADA Update
Sign Up Today to Become a Green Checkup Dealer
Convention Registration is off to a Strong Start
Committed to Community: NADA Hole-in-One Insurance to Host Charity Golf Tournament in New Orleans
Did You Miss the First Virtual Seminar on the Red Flags Rule?
Taxpayers with 25 or More Heavy Vehicles Must File Excise Tax Forms Electronically
NADA Insurance Announces New Plan for Retiring and Career-Changing Dealers
STAR Answers Dealers Questions about Dealership Security
Save up to 42% on Select ThinkPad Notebooks
Top Stories
Volkswagen Overtakes Ford in Car Sales

FRANKFURT -- Volkswagen overtook Ford in the first half of the year as the world's third-largest carmaker by vehicle sales, VW said in a statement on Thursday... "This shows that we are on the right track with our ever-stronger international presence and, above all, our product program. We will systematically push ahead with our growth course even in the present difficult market environment," [Chief Executive Martin Winterkorn said in a statement.]
Source:  Reuters

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Consumers Hold Off on August Car, Truck Buys

Sales expected to decline by 14.4%
As Detroit's automakers race to offer more fuel-efficient cars in the face of one of the most challenging economies in recent memory, droves of consumers continued holding off on the purchases of big cars and trucks in August. That will translate into an industrywide sales decline of 14.4% when automakers report their monthly sales figures on Wednesday... Some dealers told the Free Press they are more optimistic than the nation's gloomy mood might suggest. Terry Kidd, owner of Kidd Ford-Lincoln-Mercury in Morrison, Tenn., said he's even had some consumers, who had traded out of SUVs into small cars, bringing their cars back in for larger vehicles. That's especially true, he noted, since the big discounts on the SUVs are helping them make more financial sense and gas prices have started to ease a bit, to less than $3.50 a gallon in his area.
Source:  Detroit Free Press

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GM '09 Line Fuel Efficient

Lutz: New models will lead firm back to profitability
JOLIET, Ill. -- General Motors Corp. Vice Chairman Bob Lutz said GM isn't dead or dying, but poised to build on the success of its most fuel-efficient vehicles with upcoming models that will make fuel economy a priority and help lead the automaker back to profitability. Lutz spoke during a press event here where GM introduced its 2009 vehicle lineup, loaded with fuel-efficient options. "Accounts of our imminent demise are not only premature, but also inaccurate and unsubstantiated," Lutz said.
Source:  The Detroit News

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Toyota Plans Electric Car, Earlier Plug-In Prius Test

Toyota Motor Corp., working to keep a lead in advanced autos over General Motors Corp., is developing an electric-powered small car and will speed up testing of plug-in Prius hybrids with new battery technology. The all-electric car will be "mass-produced" in the early 2010s, President Katsuaki Watanabe said ... in Tokyo without elaborating. Tests of rechargeable Priuses, previously set for 2010, were moved up to late 2009, the automaker said. Toyota's new timetable for the plug-in Prius mirrors GM's planned schedule for tests of its rechargeable Volt.
Source:  Bloomberg

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Toyota's Plunge into Big Pickups Veers into a Texas-Size Ravine

SAN ANTONIO — Until about three weeks ago, workers built pickups by the thousands here at the sprawling Toyota truck factory south of town. No longer. Now, about 2,000 permanent employees draw a paycheck from a plant that doesn't produce anything. Opened with great fanfare only a couple of years ago, the plant halted production on Aug. 8 after demand collapsed for its Tundra full-size pickups, amid sky-high fuel prices and free-falling home values. Production won't restart until at least November. Toyota got into full-size trucks with "a little bit of hubris and pride, thinking, 'We conquered all these other segments, and here is an opportunity to put the Marlboro Man out of a Ford and into a Toyota,' " says James Womack, chairman of the Lean Enterprise Institute, an educational group that fosters streamlined production systems such as Toyota's. The lesson: "Toyota's crystal ball doesn't work better than anyone else's."
Source:  USA TODAY

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Automakers Face Conflicting Safety Rules Worldwide

DEARBORN, Mich. -- It seems like an easy solution: Americans are looking for more fuel-efficient vehicles, so Ford Motor Co. is bringing over some of the small, gas-sipping cars it's been selling to Europeans for years. But introducing the cars to the U.S. market isn't as simple as changing the speedometer from kilometers to miles. Ford has to reconcile American and European safety regulations — everything from the color of rear turn signals to the positioning of crash test dummies — that will keep the cars from hitting U.S. highways anytime soon.
Source:  Associated Press

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NADA Update
Sign Up Today to Become a Green Checkup Dealer

NADA is urging its members to offer free Green Checkups at their dealerships during the month of September. The Green Checkup focuses on the things that have the greatest effect on fuel economy, such as oil and air filters, engine performance, tire pressure and emission controls. Participating dealers can refer to the Green Checkup Guidelines, which provide the estimated tech hours to perform a Green Checkup.

Already, dealers in 43 states have signed up to become Green Checkup Dealers. (Click here to sign up to become a Green Checkup Dealer.) Dealers may decide to provide the Green Checkup along with inspections of child passenger safety seats that are also offered at many dealerships in September. “While customers wait in line to have their child safety seats inspected, we will offer them the option of having the Green Checkup,” says Annette Sykora, NADA chairman.

Although NADA is promoting Green Checkup Month in September, the program is designed for dealers to offer checkups as part of their routine service year-round.

To help dealers raise public awareness of how the auto industry is increasing fuel economy through innovation and new technologies, NADA created the Toolkit “A New Car is a Green Car.” The toolkit is designed to highlight how easy it is to be green. It includes tips on hosting green driving events, participating in the Green Checkup program and case studies that offer “greenprints” for success.

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Convention Registration is off to a Strong Start

 

Registration for the 2009 NADA Convention & Exposition in New Orleans Jan. 24-27 is open. 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 convention. Since Hurricane Katrina, more than $1 billion has been invested in hotel renovations. More than 900 restaurants are open in the city today than before Katrina, and the French Quarter is cleaner than ever. "The heart and the core of New Orleans ... looks better than it did before the storm," said Stephen Perry, president and CEO, New Orleans Convention and Visitors Bureau. Hotels rooms are selling out fast. Be sure to take a moment now to register by clicking here.

 Click here to see just how much progress New Orleans has made since Katrina.

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Committed to Community: NADA Hole-in-One Insurance to Host Charity Golf Tournament in New Orleans

NADA Insurance announced that its hole-in-one insurance program, ACECO, will host a charitable golf tournament in conjunction with the 2009 NADA Convention & Exposition in New Orleans next January. The inaugural “Dealers for Charity Golf Tournament” is slated for Friday, Jan. 23 at TPC Louisiana, the only PGA TOUR golf course in the state. The challenging 7,300-yard, par-72 Pete Dye-designed course is set among bayous and old-growth cypress trees. Built in 2004, it is home to the prestigious PGA TOUR Zurich Classic of New Orleans. All proceeds from the tournament will benefit the Brees Dream Foundation, a charitable organization founded by New Orleans Saints quarterback Drew Brees and his wife Brittany.
 
"NADA's convention theme is 'Committed to Community,' so it's fitting that we're raising money for a New Orleans-based organization," says Lin Peacock, vice president of NADA Insurance. "Our members have a long history of supporting charitable events within their own communities." The National Automobile Dealers Charitable Foundation donated $400,000 in May to restore the athletic fields at Lusher Charter School, located in the heart of Uptown New Orleans.

If you're interested in a sponsorship, contact tournament director Alicia Rodriguez at (888) 828-8540 for details. The tournament is open to NADA members only. Fees for the 144-person tournament are $300 per person or $1,200 per foursome. Online registration opens on Tuesday, Sept. 2 at www.ACECOinsurance.com.

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Did You Miss the First Virtual Seminar on the Red Flags Rule?

If you weren’t among the 500 individuals and several dealer association groups who logged on this past week for our first virtual seminar on complying with the new FTC Red Flags Rule, you have another chance: The seminar will be repeated on Tuesday, Sept. 23, 2008 from 1-3 p.m. EST.

Like the first one, the seminar will be presented live and online, inviting participation by attendees. Questions are encouraged, which will be answered by presenters, Bert Rasmussen, author of A Dealer Guide to the FTC Red Flags and Address Discrepancy Rules: Protecting Against Identity Theft, and Paul Metrey, NADA director of regulatory affairs. The seminar will address what you need to do by Nov. 1, 2008 to comply with the Red Flags Rule, such as:

  • Preliminary risk assessment
  • Construction of a written Identity Theft Prevention Program
  • Knowing the indicators of identity theft (Red Flags) and how to detect and respond to them
  • Training requirements
  • Service provider oversight
  • Involvement of a dealership’s board of directors

Dealers, general managers, CFOs, controllers, finance managers, sales managers, IT managers and outside compliance professionals are encouraged to participate. The fee is $199 per computer connection.

To register online, visit www.nada.org/seminars or call (800) 248-6232, Ext. 7061. To order A Dealer Guide to the FTC Red Flags and Address Discrepancy Rules: Protecting Against Identity Theft, visit www.nada.org/RedFlags.

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Taxpayers with 25 or More Heavy Vehicles Must File Excise Tax Forms Electronically

WASHINGTON — Individuals and organizations with 25 or more trucks, tractors or other heavy vehicles used on highways now are required to make their excise tax filings with the Internal Revenue Service electronically, rather than by paper. Form 2290, Heavy Highway Vehicle Use Tax Return, is used to report and pay highway-use excise taxes. E-filing of Form 2290 began in August 2007. Electronic filing streamlines the processing of the Form 2290. It is safer and more reliable than paper filing and reduces preparation and processing errors. Another advantage of e-filing Form 2290 is that taxpayers don’t have to wait for a stamped version of the Schedule 1, Schedule of Heavy Highway Vehicles, to be returned by mail because they will almost instantly receive the equivalent of a stamped version electronically. For additional information, contact NADA/ATD Regulatory Affairs at regulatory@nada.org. Click here for the complete press release.
Source:  IRS

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NADA Insurance Announces New Plan for Retiring and Career-Changing Dealers

NADA Insurance is offering a new, two-year continuation of NADA's Dealer Life Insurance plan for members who are either retiring or transitioning out of the retail-automotive industry. "In the spirit of supporting dealers who have been loyal clients of NADA's insurance programs over the years, this new program is available to them once they are no longer NADA members," says Lin Peacock, vice president of NADA Insurance. The plan is available to members who have been NADA Insurance clients for a minimum of five years. The current policy and premiums remain the same. No additional applications or underwriting are necessary. To learn more about this new enhancement to the NADA Dealer Life Insurance plan, call NADA Insurance at (888) 461-6232.

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STAR Answers Dealers Questions about Dealership Security

 

Standards for Technology in Automotive Retail (STAR) has developed new guidelines to help dealers evaluate their Dealership Data Security. Visit STAR's Dealer Infrastructure Guidelines (DIG) publication. for more information. To find out "How Often Should a Dealership Back Up Data?" click here.

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Save up to 42% on Select ThinkPad Notebooks

  

NADA members can save three ways:

  • Instant savings with discounted Web pricing;
  • Save even more with your NADA discount; and
  • Enter eCoupon USXLABORDAY at checkout.

Visit www.nada.org/Technology/PCpurchaseprogram/default.htm (member log-in required), then click www.lenovo.com/shop/deals/nada or call (800) 426-7235, Option 1, Ext. 4838 to take advantage of these savings. Enter eCoupon USXLABORDAY at checkout. Hurry! Limited time offer! FREE ground shipping is available on all Web orders.

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Featured Video
 
 
NADA-TV Reports on the Launch of the 'Green Checkup' Campaign. Pictured above is NADA Chairman Annette Sykora with Colorado Gov. Bill Ritter at a news conference in Denver.


More Video Highlights

Quotable
 
"Accounts of our imminent demise are not only premature, but also inaccurate and unsubstantiated."

    -- General Motors Corp. Vice Chairman Bob Lutz, touting the automaker's '09 models which he says will lead the firm back to profitability, The Detroit News, Aug. 29 


"This shows that we are on the right track with our ever-stronger international presence and, above all, our product program."

    -- Volkswagen Chief Executive Martin Winterkorn, referring to the company becoming the world's third-largest carmaker ranked by vehicle sales, Reuters, Aug. 29


Toyota got into full-size trucks with "a little bit of hubris and pride, thinking, 'We conquered all these other segments, and here is an opportunity to put the Marlboro Man out of a Ford and into a Toyota.'" The lesson: "Toyota's crystal ball doesn't work better than anyone else's."

    -- James Womack, chairman of the Lean Enterprise Institute, referring to Toyota's inability to predict lowered demand for its Tundra full-size pickups, USA TODAY, Aug. 29

Video Highlights
 

Registration for the NADA convention in New Orleans Jan. 24-27 is now open. Click here to see just how much progress New Orleans has made since Katrina.  


NADA's New Orleans Project: Lusher Charter School
NADA's Return to New Orleans
NADA and 'SeeMore's Playhouse' Promote Child Passenger Safety Month in September


Click here for more NADA-TV reports.

 
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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.