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Tuesday, Nov. 10, 2009 RSSSEND TO A FRIENDPRINT
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Top Stories
Mercedes-Benz US CEO Sees Better Sales Ahead
Auto Industry Still Faces Rocky Road
AutoNation CEO Sees Depressed Sales Through 2011
Committed to Community: Scoville-Meno Awards St. Patrick's Grant Money
NADA Marketplace
Nov. 18 Webinar to Address New IRS Field Directive on UNICAP and What It Means for You!
Experient, Inc. is NADA's Official Housing Bureau for the NADA Convention
Top Stories
Mercedes-Benz US CEO Sees Better Sales Ahead

SAN FRANCISCO -- Daimler AG's Mercedes-Benz premium auto division expects year-on-year U.S. sales growth in the next few months and the potential to increase its U.S. market share next year, U.S. Chief Executive Ernst Lieb said on Monday. Lieb, in an interview, said the industrywide sales atmosphere seems to be improving though it may be too early to say whether the U.S. auto market has turned a corner. "I think it's too early to say it's turning," Lieb said. "At best I would say it's maybe some stabilization."
Source: Reuters

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Auto Industry Still Faces Rocky Road

Profits at Ford and Toyota, better results at Chrysler and flat industrywide sales are all hopeful signs. But experts say many bumps still lay ahead.
U.S. auto sales in October were essentially unchanged from a year ago, an encouraging sign following the Cash for Clunkers sugar rush this summer. American auto plants are even ramping up production once again and calling back laid-off workers. But experts said that despite this good news, the auto industry hasn't turned the corner just yet. "There's still a lot of uncertainty about the consumer, and how much sales will get better," said Robert Schulz, chief auto credit analyst for Standard & Poor's. "Things should be better in 2010, but not dramatically better."
Source: CNNMoney.com

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AutoNation CEO Sees Depressed Sales Through 2011

DETROIT – AutoNation CEO Mike Jackson said in an interview (Monday) that tight credit is holding down sales this year, but they will hit bottom in 2009 and start to increase next year, rising to around 11 million cars and trucks. "We still have more demand than credit," Jackson said after speaking to the Original Equipment Suppliers Association meeting in Detroit. "We see the credit environment ever slowly, gradually improving." Auto sales, he said, won't return to normal levels until job losses and housing prices begin to stabilize.
Source: The Associated Press

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Committed to Community: Scoville-Meno Awards St. Patrick's Grant Money

Stephen Scoville, the President of the Scoville-Meno Family of Dealerships, has presented a $1,500 dollar donation to St. Patrick’s Elementary School in Owego, (N.Y.) Mr. Scoville secured the grant as an ambassador of the National Automobile Dealers Charitable Foundation. St. Patrick's says they'll use the money to update their playground and for a scholarship fund for tuition assistance.
Source: WICZ.com (Binghamton, N.Y.)

Editor's Note: If you have a story about involvement in your community, send to publicaffairs@nada.org.

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NADA Marketplace
Nov. 18 Webinar to Address New IRS Field Directive on UNICAP and What It Means for You!

NADA will present IRS Motor Vehicle Technical Advisor Terri Harris in a Webinar on the Uniform Capitalization Rules (UNICAP) directive on Wednesday, Nov. 18, from 1-3 p.m. EST. Here’s the background: On Sept. 15, the IRS Director for the Heavy Manufacturing and Transportation (HMT) Industry issued a memo that provides direction to IRS field examiners on how to conduct UNICAP audits at car and truck dealerships. The unofficial directive contains an audit toolkit and announces the suspension of new UNICAP audits through Dec. 31, 2010 to provide dealers with an opportunity to change their accounting methods in order to comply with a September 2007 Technical Advice Memorandum [TAM 200736026] that involved a franchised car dealer. The Industry Director issued the field directive to address the "high level of taxpayer noncompliance on this issue" and because it represents "the highest compliance risk" to the industry. So what does this mean for dealers?

NADA will tackle this issue in an interactive Webinar that will feature a powerpoint presentation by the IRS' Terri Harris. The program will be moderated by Paul Metrey, director of NADA's Regulatory Affairs. Thirty to 60 minutes of the Webinar will be devoted to Q & A. Cost of the Webinar is only $199 per computer connection. Registrants will have access to the Webinar recording for up to six months. Register online at www.nada.org/seminars or call (800) 248-6232, ext. 7273.
Source: NADA Newswire

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Experient, Inc. is NADA's Official Housing Bureau for the NADA Convention

NADA has made arrangements with Experient, Inc. to book hotel rooms for the upcoming NADA Convention & Expo in Orlando. NADA has NOT authorized any other organization or company to make hotel reservations for the convention. E-mails, phone calls or other communications from “Expo Marketing” or “Expo Housing” or any other third party are not being sent by NADA or on behalf of NADA. To register and reserve a hotel room for the convention, visit www.nada.org/convention.
Source: NADA Newswire

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Quotable
 
"The results at Ford, Toyota and Chrysler are a sign that the companies are moving in the right direction. But it's not at all an indication that everything is OK."

    -- Tom Libby, president of the Society of Automotive Analysts, on Ford and Toyota both reporting unexpected profits in the third quarter and Chrysler Group saying it broke even in September, CNNMoney.com, Nov. 10

Video Highlights
 

Crisis Timeline: NADA in High Gear (NADA-TV)


Media Coverage: The Tragedy of Dealer Closings (NADA-TV)



NADA's New Buy Now Campaign


 Senate Testimony on Floorplan Loans (NADA-TV) 
 NADA Tackles Industry Crisis (NADA-TV) 
NADA on the Front Lines  (NADA-TV)

Click here for more video reports.
2010 Convention
 


NADA Chairman: Convention is the 'Must-Attend Event'

Did you know?

As a bonus for attending the NADA convention, you’ll receive Steve Miller’s Marketing Stimulus Package, which includes the seven-part video series, “Introduction to the Seven Foundational Concepts for a Successful Marketing Strategy” and once a week for 12 weeks you’ll also receive valuable marketing tips, tactics or tools designed to help generate more prospects and customers.

Already registered? Check your e-mail for instructions to access these marketing tips. For more information or questions, contact
expo@nada.org.


Be in the know
at the NADA convention Feb. 13-15.


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Save on HP's dx9000 TouchSmart PC

HP’s dx9000 TouchSmart Business PC can transform your desktop experience with this sleek, touch-enabled PC – now only $1,287.08. To take advantage of this offer, visit NADA's PC Purchase Program site (member login required). Offer expires Nov. 30.

 
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