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Monday, Jan. 12, 2009 RSSSEND TO A FRIENDPRINT
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At a Glance...
Top Stories
Key Lawmaker Wants Rescue Funds to Reach Dealers
Auto Dealers Fold or Fight to Hang On
Inventory Traffic Jam Hits Chrysler
Chrysler Wants $3B More in Bailout Aid
Big 3's Hybrid Message: We Will Survive; We Will Be Green
Opinion: GM Must Have a Rock-Solid Finance Source
Road to Fuel Efficiency is Lined with Orange Cones
Chrysler Says Not Positioning Itself for Sale
Obama Plans to Keep Estate Tax
Buyers Can Soon Investigate Vehicles with Troubled Pasts
NADA Update
Convention Hotel Reservations Still Available at the NADA Rate
Reminder of New FTC Restrictions on Automated Telemarketing Calls
Convention to Host 21 Automaker Franchise Meetings at Critical Time for the Industry
NADA Convention Features Former U.S. Presidents and Industry Leaders
Carville and Matalin to Headline AFSA's Vehicle Finance Conference in New Orleans
NADA Convention to Focus on Future of the Industry
Understanding the TALF
NADA Offers Virtual Seminar to Help Dealers in 'Tough Times'
STAR Answers Dealers' Questions About Internet Content Systems
Lenovo Offers New Year Savings
Top Stories
Key Lawmaker Wants Rescue Funds to Reach Dealers

Bill would also create 'car czar'
WASHINGTON -- Auto dealers struggling to finance inventories got some potential good news [Friday]. A key lawmaker signaled that he wants Congress to make clear in law that lenders receiving federal rescue money have a responsibility to provide loans for dealer floorplans and for vehicle buyers. House Financial Services Committee Chairman Barney Frank, D-Mass., [Friday] unveiled draft legislation to overhaul the government’s $700 billion rescue program for financial institutions. “We are encouraged” by the specific references to floorplan, said David Regan, vice president for legislative affairs of the National Automobile Dealers Association. NADA lobbyists will work with lawmakers and congressional staffs to refine the legislation, he said. Many are unfamiliar with the “critical nature” of floorplan financing to the automobile business, Regan added.
Source:  Automotive News (Subscription required.)

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Auto Dealers Fold or Fight to Hang On

WARREN, Michigan -- For John Dauod, the day they pulled down the blue-oval logo sign at his Ford dealership marked a deep and personal loss. "It was like we'd had a death in the family," said Daoud, 41, a Ford dealer in the Detroit suburb of Warren, who decided to close a franchise that had sustained his family for three generations. But with U.S. auto sales in a tailspin in 2008, Daoud decided to close his family's dealership for the No. 2 U.S. automaker Ford Motor Co. The situation has become so dire for Detroit's automakers that both GM and Chrysler have had to rely on $17.4 billion in U.S. government loans to survive. That has left U.S. auto dealers, which are independent businesses, facing a tough choice: try to hold on in a deteriorating market, or close. Daoud chose to switch to selling used cars... "With all that's happening in the auto industry we needed to prepare ourselves for whatever comes down the line," Daoud said. "We felt that we had to diversify in case any of the Big Three is permanently disrupted." The number of U.S. auto dealers declined by 700 in 2008, the National Automobile Dealers Association said. Almost 90 percent of those represented the troubled U.S. automakers. NADA expects dealership numbers to drop by another 900 this year. "Recessions close dealerships," NADA economist Paul Taylor said. "But that's better than the automakers having to choose which ones go and which don't."
Source:  Reuters

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Inventory Traffic Jam Hits Chrysler

With Sales Down Sharply, Dealers Aren't Ordering New Cars Despite the Frail Auto Maker's Requests
After a deep slide in sales in the fourth quarter, Chrysler LLC now faces a new obstacle in its battle to survive: Many dealers are loaded with inventory and aren't ordering new vehicles. Take Bill Rosado, owner of a Chrysler-Dodge-Jeep dealership in Milford, Pa. He says he is resisting the company's requests to add more stock to his already-crowded lot. "We're not ordering any cars in spite of the pressure they give us. We are going to sit tight with what we have," Mr. Rosado said. "We don't see any peak coming up where all of a sudden Chryslers are going to be desired." Chrysler's financial troubles compound his concerns.
Source:  The Wall Street Journal (Subscription required.)

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Chrysler Wants $3B More in Bailout Aid

GM won't seek extra beyond $13.4B; Ford drops line of credit idea
DETROIT -- Chrysler LLC is seeking $3 billion in additional government aid and its finance arm is in advanced talks with the U.S. Treasury to obtain a multi-billion cash infusion that could be finalized by Friday, officials said. General Motors Corp. said it had no plans to seek more aid beyond the $13.4 billion the U.S. Treasury Department is loaning it from the $700 billion Wall Street rescue fund, known as the Troubled Asset Relief Program, or TARP. Ford Motor Co. said Sunday that it would not seek a $9 billion line of credit as planned because the company was satisfied that it would receive government help if auto sales weaken substantially this year. Chrysler received $4 billion last month from the TARP fund. The automaker had fought for $7 billion to survive through March 31 and Chrysler Vice Chairman and President Jim Press said Sunday that he hoped to obtain the remaining money. "We are making good progress to qualify for a total of $7 billion, which puts us in a really good financial position," Press said.
Source:  The Detroit News

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Big 3's Hybrid Message: We Will Survive; We Will Be Green

Kicking off the most important auto show of a crucial year, Detroit's Big Three automakers unveiled stylish, fuel-efficient and high-tech vehicles Sunday aimed at winning back customers from import brands and countering doomsayers and critics in Washington and across the country. "You can't look at the array of cars that we've brought up on stage today and say these guys don't get it, these cars are ugly, and these cars don't perform," said GM Vice Chairman Bob Lutz, the Detroit industry's most eloquent champion. By contrast with past Detroit shows, where auto executives typically outlined their sales forecasts and set market share targets, nearly all the companies are declining this year to predict how the industry will fare. Last year, U.S. auto sales fell to 13.2 million from 16.1 million in 2007. Executives pledged to redouble their efforts to produce better, safer and greener vehicles. "In spite of the many challenges that we face, I can honestly say I have never been more excited about our prospects for the future," said Ford Executive Chairman Bill Ford Jr. as he outlined Ford's electric vehicle strategy.
Source:  The Detroit News

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Opinion: GM Must Have a Rock-Solid Finance Source
by Automotive News

The government bailout of GMAC Financial Services can be an important part of helping General Motors and its dealers sell more cars and trucks. But GM should be prepared to establish its own captive finance company once GM is healthy again. Historically, when other sources of financing dried up during tough economic times, dealers always could rely on the factory's captive finance arm. Not this time. The need for a reliable source of retail and floorplan financing was never more evident than during the credit crunch that began last year. Many dealerships have been left high and dry because neither GM nor Chrysler LLC had control of its finance unit. Cerberus Capital Management LP, which owns 80.1 percent of Chrysler LLC and Chrysler Financial, bought 51 percent of GMAC in 2006. And the terms of the bailout will reduce GM's influence further.
Source:  Automotive News (Subscription required.)

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Road to Fuel Efficiency is Lined with Orange Cones

Automakers' New Designs Face Obstacles
DETROIT -- Within the halls of the North American International Auto Show, the world's automakers were jockeying yesterday to promote their electric cars. But outside, in the ever-changing marketplace, automakers could face a number of obstacles to selling hybrids and all-electric vehicles when they arrive in showrooms. For one, gas prices have been falling. "When it was $4 a gallon, we couldn't make enough Cobalts," Bob Lutz, General Motors' vice chairman of global product development, said of the fuel-efficient Chevrolets that get 30 mpg on the highway. "Now we have trouble pushing the Cobalts out to the dealers." With fuel prices declining, government mandates that automakers build highly fuel-efficient cars will be no more effective than combating obesity by forcing clothing manufacturers to make only small sizes, Lutz said. "It put us in the industry in the position where we are at war with the customer," Lutz said. "Because the customer, given the gas prices, is going to want one thing. And we're going to be forced by regulation to produce something entirely different." Also complicating the move toward electric cars is that individual states are pursuing different environmental agendas. Moreover, the infrastructure for electric cars is missing. "It's a chicken-or-egg situation," said Aaron Bragman, an analyst with IHS Global Insight. "You can't have electric cars without places to charge them. But you can't have charging stations without the cars." And then there's the battery dilemma. Automakers can't afford the batteries for these electric vehicles until they are manufactured in high volumes, said Susan M. Cischke, Ford's group vice president of sustainability, environment and safety engineering. But batteries can't be produced in such large quantities until automakers produce a high volume of electric cars, she said. To hedge their bets, automakers are investing in a wide range of advanced technologies, from natural gas to flex fuels to diesel hybrids. "I don't think anybody believes there's one answer right now," said Honda spokesman Todd Mittleman.
Source:  The Washington Post

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Chrysler Says Not Positioning Itself for Sale

DETROIT -- Chrysler LLC's recent cost cutting, including white collar layoffs and the exit of senior executives, was not done with the goal of positioning the company for sale, Chief Executive Bob Nardelli said on Sunday. Nardelli, speaking on the sidelines on the first day of the North American International Auto Show, said the automaker was focused on making the business viable and intends to fulfill conditions that were part of a $4 billion U.S. government emergency loan it received on Jan 2. "We reduced layers, expanded job responsibility...no one around the table should read this as us trying to position it for sale," Nardelli told a press briefing. Nardelli said Chrysler, which had requested $7 billion, is counting on getting the rest of the loans requested from the government in order to keep operating.
Source:  Reuters

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Obama Plans to Keep Estate Tax

Democrats Want to Freeze Levy at Current Levels Instead of Letting It Expire Next Year
President-elect Barack Obama and congressional leaders plan to move soon to block the estate tax from disappearing in 2010, suggesting the levy might outlive the "Death Tax Repeal" movement that has tried mightily to kill it. The Democratic stance on the estate tax contrasts with Mr. Obama's reluctance to press forward with his campaign pledge to raise income-tax rates on top earners, which he worries could have an adverse economic impact during a recession. But Democrats are determined to act quickly to prevent the estate tax's scheduled repeal. Elimination of the levy on big inheritances was approved by Congress under President George W. Bush in 2001, with rollbacks phased in slowly and its full elimination slated to take effect next year. The Senate Finance Committee will move within weeks on legislation to reverse that law, and Mr. Obama is expected to detail his estate-tax preservation proposal in his budget next month, congressional tax writers said. Under the Obama plan detailed during the campaign, the estate tax would be locked in permanently at the rate and exemption levels that took effect this year. That would exempt estates of $3.5 million -- $7 million for couples -- from any taxation. The value of estates above that would be taxed at 45%. For small-business groups, farmers' associations and the affluent families that created and bankrolled the "Death Tax" repeal effort, the emerging Democratic plan marks a stark defeat. Advocates of killing off the tax say the emerging Obama policy is the wrong medicine for the recession, arguing the levy is economically burdensome like the income tax. Bill Rys, tax counsel for the National Federation of Independent Business, said small businesses struggling with falling sales and layoffs shouldn't have to devote resources to estate planning. "With auto sales at a 16-year low, dealerships are already struggling. Freezing the 2009 levels would put an even greater burden on the future," said Bailey Wood, lobbyist for the National Automobile Dealers Association.
Source:  The Wall Street Journal

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Buyers Can Soon Investigate Vehicles with Troubled Pasts

Finding out too late that there's a lemon in your garage is enough to make your lips pucker. Fortunately, a nationwide database, expected to be fully in place by the end of this month, will make it easier to access a car's troubled past. The National Motor Vehicle Title Information System [NMVTIS] is the result of a law enacted long ago but only now being implemented in all 50 states under pressure from consumer groups. The statute requires insurance companies and salvage yards to report vehicles that have been totaled or severely damaged. Using the vehicle identification number, potential buyers can run a background check to get a car's odometer reading and theft record, and to find out whether the vehicle has been flooded, totaled, salvaged or smashed.
Source:  Kiplinger's Personal Finance

[Editor's Note: NADA continues to be at the forefront of efforts to provide more consumer and commercial access to identify totaled vehicles. While NADA supports NMVTIS and believes this is progress, the system is still plagued by funding shortfalls and lacks significant participation from many states including the nation’s largest used vehicle market, California. Because this salvage vehicle information is still incomplete and delayed, NADA will press Congress for legislation that will make the VINs of wrecked, flooded and stolen vehicles publicly and commercially available.]

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NADA Update
Convention Hotel Reservations Still Available at the NADA Rate

Advance registration for the NADA convention in New Orleans has closed, but hotel reservations are still available at the NADA rate. If you need hotel reservations for the convention, contact the hotels directly and ask for the NADA rate. The city has assured NADA that most of the hotels will comply. If you would like to register for the convention, you may do so on site beginning at 10 a.m. Friday, Jan. 23. Registration will be located in Hall D of the Morial Convention Center.

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Reminder of New FTC Restrictions on Automated Telemarketing Calls

An “Existing Business Relationship” Will Not Be Enough
In 2008, the FTC adopted an amendment to the Telemarketing Sales Rule (“TSR”) that, among other things, prohibits prerecorded telemarketing calls without a consumer’s express written agreement to receive such calls.

As of Dec. 1, 2008, sellers and telemarketers (including dealers that make such calls) are required to provide a keypress or voice-activated opt-out mechanism promptly at the outset of any prerecorded message call. This requirement applies to calls delivering prerecorded messages, whether answered by the recipient in person, or answered by an answering machine or voicemail service, and requires that any prerecorded message call promptly disclose at the outset a toll-free number that a consumer may use to assert a request not to receive such calls. The rule also requires that automated calls allow the telephone to ring for at least fifteen seconds or four rings before disconnecting an unanswered call.

Under the new rule, sellers and telemarketers may, for the time being, continue to place calls that deliver prerecorded messages to consumers based on an existing business relationship (“EBR”) with that customer -- provided they do so in compliance with the new requirement that prerecorded message calls include an automated interactive keypress or voice-activated opt-out mechanism.

However, as of Sept. 1, 2009, sellers and telemarketers may not make such prerecorded calls unless they have a prior express written agreement from the recipient to receive such calls. That written agreement: (1) cannot be required (directly or indirectly) of customers as a condition of purchasing any good or service; (2) must “evidence the willingness” of the recipient to receive such calls; and (3) must include the recipient’s telephone number and signature (although such signature may be electronic in compliance with ESIGN).  

Note that this amendment differs in some regards from current FCC restrictions regarding prerecorded telemarketing calls.  If you have any questions about the FCC restrictions consult nada.org or contact our office. Click here for the amendment to the TSR.

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Convention to Host 21 Automaker Franchise Meetings at Critical Time for the Industry

Now that U.S. automakers are receiving bridge loans, attention has shifted to the NADA Convention & Exposition in New Orleans Jan. 24-27 when dealers will have an opportunity to meet face-to-face with the top leadership of the auto manufacturers. NADA’s Industry Relations Group has announced that 21 separate manufacturer franchise meetings have been confirmed at the convention.

“NADA is pleased that nearly all of the automakers’ CEOs and presidents plan to attend these important meetings,” said Annette Sykora, NADA chairman. General Motors’ Rick Wagoner, Toyota’s Jim Lentz, Chrysler’s Jim Press and Ford’s Alan Mulally are all planning to attend. Mulally will deliver the keynote industry address at the convention’s opening session on Saturday, Jan. 24. “There could not be a more important time for a dealer to attend an NADA convention and hear directly from their manufacturer,” Sykora added. "Franchise meetings offer dealers the opportunity to hear from NADA, dealer councils and the automaker’s leadership, as well as ask questions of their manufacturers directly."

“These meetings come at a critical time,” Sykora said. “Automotive retailing is going through historic changes, and there is no better place for dealers to meet and discuss the future of their industry than at the NADA convention." Information and a complete list of scheduled franchise meetings can be found at www.nada.org/convention.
Source:  NADA Newswire

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NADA Convention Features Former U.S. Presidents and Industry Leaders

The National Automobile Dealers Association (NADA) has assembled a lineup of leading political figures and inspirational speakers—including former U.S. presidents George H.W. Bush and Bill Clinton—to deliver remarks at its 92nd annual Convention & Exposition in New Orleans Jan. 24-27. “This year’s lineup is one of the most impressive in NADA’s history,” said Convention Chairman and auto dealer Jeff Carlson. “In line with NADA’s convention theme of ‘Committed to Community,’ former U.S. presidents George H.W. Bush and Bill Clinton join us in highlighting nationwide efforts to give back to the New Orleans community.” Last year, the NADA Charitable Foundation made a $400,000 contribution to the Brees Dream Foundation—founded by New Orleans Saints quarterback Drew Brees and wife, Brittany—to help rebuild the athletic fields at the largest public high school in New Orleans. Ford Motor Co. President and CEO Alan Mulally will deliver the keynote address during the General Assembly on Saturday, Jan. 24, following NADA Chairman Annette Sykora. Archie Manning, former Saints quarterback and NFL Most Valuable Player, and Christopher Gardner, the inspiration for the movie “The Pursuit of Happyness,” will offer motivational talks. Incoming NADA Chairman John McEleney will outline his priorities Monday, Jan. 26 for the coming year.
Source: NADA Newswire

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Carville and Matalin to Headline AFSA's Vehicle Finance Conference in New Orleans

Political commentators James Carville and Mary Matalin will give the keynote presentation at the American Financial Services Association’s (AFSA) 13th Vehicle Finance Conference and Exposition scheduled Jan. 21-23 at The Sheraton New Orleans. The husband and wife duo, who have sharply different political views, will discuss the new presidential administration during a presentation on Friday, Jan. 23. The vehicle finance conference, held just prior to the National Automobile Dealers Association (NADA) annual convention, also will feature a panel of top industry leaders who will share their views about the current market environment as well as the traditional “Straight Talk with Dealers” session featuring the NADA leadership: John McEleney, incoming chairman; Ed Tonkin, incoming vice chairman; and Mike Martin, director from Virginia. Michael Brown from the Atlantic Auto Group will also speak. Additional sessions and round tables will focus on Risk Management, Legal and Legislative Issues, Maximizing Human Capital, the New Generation of Auto Finance Companies, Profitability Management Analytics and Operational Effectiveness and Dealing with Fraud. To register for AFSA’s meeting, visit www.vehiclefinanceconference.com.
Source:  AFSA

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NADA Convention to Focus on Future of the Industry

Now is the time to attend the industry event of the year and ensure your dealership’s success
Economic turmoil and uncertainty form the backdrop to the National Automobile Dealers Association (NADA) convention in New Orleans. "This is a must-attend convention if there ever was one," says Steve Pitt, NADA vice president of conventions and expositions. “The fate of the industry is hanging in the balance. All of the top manufacturer executives will be there, and dealer franchise meetings are more important than ever. We're also providing new ideas and information and a series of workshops designed to help dealers get through these tough times."
 
The 2009 NADA Convention & Exposition, which runs Jan. 24-27, is offering more than 40 workshops, many of which are designed to tackle today’s tough economic issues head-on, such as maintaining dealer profitability, improving cash flow, surviving the credit crunch and driving customers back to dealerships. “Convention participants will learn what they need to do back home at their dealerships for the good of their businesses,” Pitt added. “The convention will help dealers prepare for an upcoming year of uncertainty.”

For the first time ever at a NADA convention, two former U.S. presidents will take center stage. Former presidents George H.W. Bush and Bill Clinton will deliver remarks during the general session. Ford Motor Co. President and CEO Alan Mulally will deliver the industry keynote address. Inspirational speakers Archie Manning, former quarterback of the New Orleans Saints and the NFL’s Most Valuable Player in 1978, and Christopher Gardner, the inspiration for the movie “The Pursuit of Happyness” will offer motivational talks.

“This is our 92nd convention and, in many ways, it’s the most important one ever,” says Pitt. “If you’re a dealer, you have to be there.”
Source:  NADA Newswire

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Understanding the TALF

A new Web page on nada.org explains in greater detail what the Federal Reserve Board's Term Asset-Backed Securities Loan Facility (TALF) program means to dealers and how they will benefit from the action taken on Dec. 19 to include securities backed by dealer floorplan loans as a qualifying asset class. The information is helpful in explaining this action to dealers and the media. Click here for "Understanding the TALF."
Source:  NADA Newswire

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NADA Offers Virtual Seminar to Help Dealers in 'Tough Times'

In response to the challenges facing dealers during these uncertain times, NADA is offering a new seminar on dealership survival, Tough Times, Tougher Dealers: Saving Your Dealership’s Assets. The seminar is being presented both as a virtual seminar and as a convention workshop at the 2009 NADA Convention & Exposition in New Orleans.

The first virtual seminar, held Dec. 18, drew more than 200 participants and lasted more than an hour, followed by a lively and informative Q & A session. As participants were not identified by name or dealership, discussion was extremely candid. NADA is offering only one more virtual seminar to be held Jan. 13 from 1–3 p.m. EST. The registration fee is only $50 per computer connection. Don't miss out! Register now at www.nada.org/seminars.

This seminar, presented by Michael Charapp, Esq. of Charapp & Weiss, LLP and Bradley Nicklin, CPA of Beers + Cutler, discusses the tough issues facing dealers today. It is intended to help dealers and managers understand the steps required to protect their dealerships’ assets during tough economic times.

In Tough Times, participants will learn valuable information on cash management, expense control and franchise rights issues. They will also learn how to deal with bankruptcy—both at the manufacturer and dealership level—as well as franchise terminations, brand terminations and the legal ramifications of reducing a workforce. Additionally, the speakers will present other practical considerations for surviving the tough environment, both legally and financially.

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STAR Answers Dealers' Questions About Internet Content Systems

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 to learn more. To read the answer to the question "What are the things that a dealer should look for when considering any type of Internet Content System?" click here.

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Lenovo Offers New Year Savings
NADA members can now save up to 34 percent on select notebooks and all ThinkPad and IdeaPad notebooks along with all computing accessories. The discounts are available to dealership employees too. This is a limited-time offer. To take advantage of these savings, visit NADA's online PC Purchase Program (log-in required), click www.lenovo.com/shop/deals/nada, then "Special Offers," or call (800) 426-7235, Option 1, Ext. 4838. Enter eCoupon USXNEWYEAR at checkout to receive the NADA discount. Free ground shipping is available on all Web orders.

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Featured Video
 
  
Click here to see why New Orleans is still America's premier convention city.



More Video Highlights

Quotable
 
"We are encouraged" by the specific references to floorplan. Many are unfamiliar with the "critical nature" of floorplan financing to the automobile business.

   
-- David Regan, NADA vice president for legislative affairs, referring to House Financial Services Committee Chairman Barney Frank's efforts to make clear in law that lenders receiving federal rescue money have a responsibility to provide loans for dealer floorplans and for vehicle buyers, Automotive News, Jan. 9


"With all that's happening in the auto industry we needed to prepare ourselves for whatever comes down the line. We felt that we had to diversify in case any of the Big Three is permanently disrupted." 

    -- John Dauod, a Ford dealer in the Detroit suburb of Warren, closed a franchise that had sustained his family for three generations and switched to selling used cars, Reuters, Jan. 11


"You can't look at the array of cars that we've brought up on stage today and say these guys don't get it, these cars are ugly, and these cars don't perform." 

    -- GM Vice Chairman Bob Lutz, speaking at a North American Auto Show event, The Detroit News, Jan. 11
NADA Convention 2009
 
  
Convention Workshops Keyed to Today’s Economy

Now more than ever, dealers need to meet, talk and learn how to survive in tough times. In that spirit, workshops planned for NADA’s upcoming convention in New Orleans will focus on recession-proof business operations. NADA Headlines will spotlight three convention workshops each week.

(1) Seven Powerful Principles to Reshape Your Strengths in Service

(2) How to Instantly get High Survey Scores, High Customer Retention, and Outstanding Product

(3) Blueprint for Hiring Top Performers

Powerful Principles speaker Ted Ings of Auto University will identify principles for strengthening service and delivering a superior customer experience. Participants will learn timely, easy-to-implement processes, best management practices and real-world solutions for boosting service profits under all retail conditions.

Survey Scores speaker Jeff Cowan of Jeff Cowan’s Pro Talk, Inc. will teach dealership personnel how to build rapport and establish long-lasting relationships with customers. Attendees will learn what product benefits interest customers most, when and how to present these benefits to them and what type of close works best.

Blueprint speaker Ricky Wolfe of EFG Companies will cover the behavioral traits of top performers in the retail automotive industry and outline a 7-step system to identify, recruit, hire and retain top performers.

Advance registration for the 2009 NADA Convention & Exposition is now closed. Register onsite beginning at 10 a.m. Friday, Jan. 23.

Video Highlights
 
 
'NBC Nightly News with Brian Williams' reports: "Demise of a local car dealership leaves a big dent."



NADA's New Orleans Project: Lusher Charter School
NADA's Return to New Orleans


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.