For optimal viewing through your web browser or PDA, click here.

SPONSORED BY
 
NADA.org
Monday, Sept. 15, 2008 RSSSEND TO A FRIENDPRINT
Home | AdvocacyAffiliates | Convention | Jobs | Programs | Publications | Training | Services
At a Glance...
Top Stories
Wagoner: Automakers Need Aid to Innovate
#1 Sale-Killer: Credit, Not Fuel Prices
Dealers Under the Gun to Fight ID Theft
Euro Lineup Key to Ford
GM Rolls on Rough Road as it Nears 100th Birthday
U.S. Auto Makers Target Battery Gap with Japan
Dealers Turn Up Heat on Green Energy
NADA Update
NADA Job Board Off to a Strong Start
NADA Insurance Adds New Benefit for Members: Life Insurance for Dealership Employees
Sign Up Today to Become a Green Checkup Dealer
NADA Convention: 'Full Speed Ahead' to New Orleans in January
Did You Miss the First Virtual Seminar on the Red Flags Rule?
STAR Answers Dealers Questions about Dealership Data Security
Save up to 42% on Select ThinkPad Notebooks
Top Stories
Wagoner: Automakers Need Aid to Innovate

WASHINGTON – General Motors Corp. Chairman Rick Wagoner told Congress [on Friday] that $25 billion in direct federal loans for the auto industry would be a “tremendous help” in meeting tougher efficiency rules, and denied the request equaled a bailout for Detroit's automakers. Wagoner also said GM, Ford and Chrysler would like to see the rules governing the loans expanded so that the money could pay for a broader range of more efficient vehicles. “If Congress could move rapidly to enable the loans that were approved to be funded and dispersed … that would be a tremendous help,” Wagoner told a Senate hearing on energy policy. The comments were the most public pitch so far from the industry to Congress for approving the $3.75 billion needed to fund the $25-billion loan program before it adjourns later this month.
Source:  Detroit Free Press

[back to top]

#1 Sale-Killer: Credit, Not Fuel Prices

DETROIT — Tight credit has replaced high gasoline prices as the chief impediment to selling a new vehicle, top Chrysler executives say. Deborah Meyer, Chrysler LLC's chief marketing officer, says dealers and consumers tell her "financing is the biggest challenge that customers have in the marketplace." "We've seen customers adjust to the gas prices," Meyer told Automotive News. "But if you can't get the right kind of credit, you can't buy the car at all. I don't see a quick fix around the corner."
Source:  Automotive News (Subscription required.)

[back to top]

Dealers Under the Gun to Fight ID Theft

By Nov. 1, every U.S. auto dealership must adopt a formal program to prevent and respond to efforts to buy vehicles by customers using false identities. The Federal Trade Commission, which is enforcing the "Red Flags Rules," can fine a dealership as much as $2,500 for selling a car or truck to a buyer who uses a false identity. Each subsequent violation carries a fine of as much as $11,000. The Red Flags Rules — named after the symbol of a warning of possible trouble — are a sequel to the Safeguards Rule, issued by the FTC in 1999. The older regulation aims to prevent the theft of customers' credit data from businesses such as dealerships. Paul Metrey, director of regulatory affairs at the National Automobile Dealers Association, said dealerships can comply with the regulation by working with their lawyers. A NADA guide to help dealers with Red Flags compliance is available at www.nada.org/RedFlags. The cost of obeying the rule will depend on a dealership's size and complexity, Metrey told Automotive News. "This is not a one-size-fits-all requirement," he said.
Source:  Automotive News (Subscription required.)

[back to top]

Euro Lineup Key to Ford

Automaker hoping to sell U.S. consumers on smaller, more fuel-efficient overseas models
LOMMEL, Belgium -- On a winding test track hidden in a dense pine forest near the Dutch border, a new generation of Fords is being put through its paces. The vehicles are small, stylish and fuel-efficient -- everything Ford Motor Co.'s current North American lineup is not. Ford was caught by surprise when U.S. consumers abandoned its profitable pickups and sport utility vehicles. It needs these European cars to fill the gap.
Source:  The Detroit News

[back to top]

GM Rolls on Rough Road as it Nears 100th Birthday

DETROIT -- In his 43 years as a General Motors Corp. factory worker, Roger Ezell has seen recessions, gasoline price spikes, sales slumps and multibillion dollar losses. Each time, he says, the giant automaker has survived to make billions in later years. But as GM celebrates its 100th anniversary Tuesday, the company that was once the nation's largest employer faces a crisis like no other in its storied history.
Source:  Associated Press

[back to top]

U.S. Auto Makers Target Battery Gap with Japan

The lengthening lead Japan's auto makers hold in securing supplies of advanced batteries to power the next generation of automobiles has become a rallying point for the U.S. auto industry in seeking at least $25 billion in government loans. Over the past several months, a number of Japan's auto makers and its top battery makers have reached new agreements to work together on vehicle batteries. At least five battery factories are under construction in Japan... The flurry of deals promises to put U.S. auto makers even further behind their Japanese rivals in manufacturing capacity and technological know-how on the battery front, analysts say. "Moving from imported oil to imported batteries" wouldn't address the nation's energy-security concerns, said Mark Fields, head of Ford Motor Co. operations in the Americas, speaking recently in Washington. "Bold and dramatic incentives are needed to accelerate the commercial development of high-energy power batteries right here in the U.S."
Source:  The Wall Street Journal (Subscription required.)

[back to top]

Dealers Turn Up Heat on Green Energy

Waste oil that auto dealers once paid haulers to take away is now burned to heat the service areas of most area dealerships. Light bulbs and fluorescent tubes are being replaced with new energy-efficient, longer-lasting lighting. More computer-programmed systems are being installed to monitor and regulate the energy used in dealerships for lighting, heating and air conditioning. This is some of what many Western New York auto dealers are doing in the name of cutting costs – and energy conservation.
Source:  Buffalo Business First (Subscription required.)

[back to top]

NADA Update
NADA Job Board Off to a Strong Start

In less than six months, jobs posted on Automotive Careers Online have accrued nearly 10,000 views and as many as 250 views for a single job posting. “That’s a solid return on investment for employers registered for the site,” says John Lyboldt, NADA vice president of dealer operations. “More than 500 job seekers have registered for the site and many have applied for dealership jobs.”

Automotive Careers Online is a dedicated job board exclusively for NADA members to post openings. Job posting packages start at $200 for a 30-day listing, which is a fraction of the cost of other commercial job boards and classified ads. Employers set the skills criteria for openings. Email alerts notify an employer of matching candidates once a resume is posted. Automotive Careers Online is free for job candidates, who can post resumes and search for dealership careers. To sign up, visit www.AutomotiveCareersOnline.com.

[back to top]

NADA Insurance Adds New Benefit for Members: Life Insurance for Dealership Employees

To help NADA members keep and attract a high-quality staff, NADA Insurance has created a new life insurance plan for dealership employees. The plan has a basic group option at a flat 21 cents per thousand dollars ranging in coverage from $10,000, $25,000, $50,000 to $100,000. All full-time employees at the dealership must participate in the group plan to receive the highly competitive rates. The second option is a voluntary employee life plan, starting at $150,000 of coverage to a maximum of $500,000. “This is a very effective way to build on your dealership’s employee benefits package and help employees protect their families and assets,” says Lin Peacock, vice president of NADA Insurance. For more detailed information on the employee life plans or to apply, go to www.nadainsurance.com or call (888) 461-6232.

[back to top]

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 45 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.

[back to top]

NADA Convention: 'Full Speed Ahead' to New Orleans in January

New Orleans Hospitality Industry Coming Back Strong after Gustav
NEW ORLEANS – New Orleans city officials say that damage caused by Hurricane Gustav is "minor and easily repairable." A statement issued by the New Orleans Convention and Visitors Bureau (CVB) reported little to no disruption in meetings, conventions and special events scheduled. The Convention Center, Superdome and major hotels suffered only minor damage such as window breaks. There is no mid-range or long-term impact of any kind, the CVB reported.

"We're pleased to hear that the city of New Orleans and the surrounding areas are making such progress,” says Steve Pitt, NADA vice president of conventions and expositions. "Residents and workers from across the region have returned to their homes and businesses. And for us, it’s full speed ahead for the NADA convention’s return to New Orleans in January."

The NADA convention will return to New Orleans in about five months. The dates are Jan. 24-27. Registration is open. Several hotels already have sold out. 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 scheduled.
Source:  NADA Newswire

For more updates, click here to go directly to the New Orleans CVB Web site.

[back to top]

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.

[back to top]

STAR Answers Dealers Questions about Dealership Data 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.

[back to top]

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 (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. Free ground shipping is available on all Web orders.

[back to top]

 
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
 
"Financing is the biggest challenge that customers have in the marketplace. We've seen customers adjust to the gas prices, but if you can't get the right kind of credit, you can't buy the car at all."

    -- Deborah Meyer, Chrysler LLC's chief marketing officer, Automotive News, Sept. 15


"Moving from imported oil to imported batteries" wouldn't address the nation's energy-security concerns. "Bold and dramatic incentives are needed to accelerate the commercial development of high-energy power batteries right here in the U.S."


    -- Mark Fields, head of Ford Motor Co. operations in the Americas, in support of government-backed loans for U.S. automakers, The Wall Street Journal, Sept. 15


The cost of obeying the [Red Flags] rule will depend on a dealership's size and complexity. "This is not a one-size-fits-all requirement."


    -- Paul Metrey, director of regulatory affairs at the National Automobile Dealers Association, Automotive News, Sept. 15
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.

 
Search Back Issues | Unsubscribe/Manage your subscription | email us
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.