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Top Stories
NADA to Dealers: Urge Senators to Oppose Costly Healthcare Mandates on Small Business
3 Show Interest in Saab Deal
Saab Dealers Prepare for the End
House Sets Estate Tax Vote for (This) Week
Pinning Big Hopes on Little Cars
Car Dealers See Better Days in '10
NADA Marketplace
NADA Offers Dealers an Extra Incentive to Attend Upcoming Convention
Virtual Seminar Thursday on the 'New Reality of Financing Your Dealership'
Top Stories
NADA to Dealers: Urge Senators to Oppose Costly Healthcare Mandates on Small Business

Passage of healthcare reform remains the primary goal of President Obama and Congressional Democrats. However, NADA supports a much more limited and bipartisan approach to reform. NADA is opposed to legislation that has already passed the House of Representatives, as well as the Senate version of the bill currently under debate. 

“The burdensome employer mandates and the fact that both the House and Senate bills fail to address the fundamental problem of the exploding cost of health insurance makes these bills onerous to dealers,” says David Westcott, chairman of NADA’s Government Affairs Committee.
 
Early in November, the House passed H.R. 3962, the Affordable Healthcare for America Act, on a tight party line vote. The House legislation includes significant costs for dealers and a "public option" which is paid for with additional taxes and fees. 

NADA voiced its opposition with other business groups through participation in the Small Business Coalition for Affordable Healthcare. (Click here for the letter sent to every House member.) Consideration of the Senate legislation will likely extend into early next year as numerous amendments will be offered in an effort to win over key Democrats. 

NADA and many in the business community strongly oppose both bills because of the costly employer mandates that require business owners to provide "government-approved health care coverage" to their employees. In the House bill, for example, businesses unable to comply with this mandate will be penalized at a rate of 8 percent of their annual payroll. In the Senate bill, small business owners would be charged as much as $750 per employee that opts out of their coverage. (Click here for additional details on both the House and Senate bills and their mandates.)
 
Dealers should contact their Senators and urge them to oppose costly mandates on small businesses and dealerships. The Senate is expected to take up this legislation beginning today. Senators can be reached through the Capitol switchboard at (202) 224-3121.
Source: NADA Newswire

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3 Show Interest in Saab Deal

Companies have not yet submitted written proposals to GM
Potential suitors for General Motors Co.'s Saab Automobile are surfacing a week after the collapse of a deal to sell the Swedish carmaker to Koenigsegg Group. Beijing Automotive Industry Holding Co., Merbanco Inc. and Renco Group Inc. are sounding out a possible deal, Bloomberg News reported Friday, citing unnamed sources. However, it said the parties have not submitted written proposals for GM's board to review at its monthly meeting (this) week. GM's board meets Tuesday and is expected to discuss Saab.
Source: The Detroit News

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Saab Dealers Prepare for the End

When its Swedish suitor jilted Saab last week, U.S. dealers were disappointed but not shocked. Most had already downsized operations -- and expectations. "The whole thing has caused us to be pretty conservative in doing anything with Saab over the past several months," says Geoff Kelly, general manager of Kelly Cadillac-Saab in Lancaster, Pa. Now many dealers are assuming they are entering their last days of selling new Saabs -- while still hoping the GM board will save Saab in its meeting on Tuesday, Dec. 1.
Source: Automotive News

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House Sets Estate Tax Vote for (This) Week

House Democratic leaders intend to bring a permanent estate tax bill to the House floor (this) week, even though rank-and-file party members still appear decidedly split on how best to deal with the contentious tax, which is set to disappear for a year on Dec. 31. The legislation (H.R. 4154) is slated for House action as early as Wednesday, Dec. 2, according to House Majority Leader Steny H. Hoyer, D-Md. It would extend indefinitely the current estate tax levels — a top rate of 45 percent and a per-person exemption of $3.5 million. Support for the permanent estate tax bill, sponsored by Earl Pomeroy, D-N.D., remains unclear among both Democrats and Republicans. On the other hand, business groups are supporting a bill (H.R. 3905) sponsored by Shelley Berkley, D-Nev., that would go further than the Pomeroy bill and gradually raise the exemption to $5 million, cut the estate tax rate to 35 percent rate and index the exemption for inflation.
Source: Congressional Quarterly

Editor's note: NADA supports H.R. 3905, sponsored by Reps. Shelley Berkley, D-Nev., and Kevin Brady, R-Texas. NADA's legislative office is urging dealers to call their Representatives and ask them to co-sponsor H.R. 3905. NADA will advise dealers when additional grassroots action is needed. Representatives can be reached through the Capitol switchboard at (202) 225-3121.

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Pinning Big Hopes on Little Cars

Detroit is convinced that small, fuel-efficient cars are what American drivers want. But are automakers right?
For years now, the auto industry's critics have been calling for Detroit to roll out small, stylish, and fuel-efficient cars that they say Americans are clamoring for. The question is, do we really want to drive small cars? The perception that bigger is safer will be hard for automakers to shake, says Adrian Lund, president of the Insurance Institute for Highway Safety. That sentiment still seems to be evident on dealer lots. Jack Kain, a Ford dealer in Versailles, Ky., said the F150 truck remains his biggest seller. He predicts trucks and minivans will continue to outsell small cars, at least in his area. "People won't give up the luxury or the weight and the safety of the larger car," he says. But Ford's (George) Pipas (chief U.S. sales analyst) is confident that many will embrace the industry's new focus. Detroit's big hopes, he admits, are riding on the future of small cars.
Source: Newsweek

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Car Dealers See Better Days in '10

Auto sellers reflect on a tumultuous 2009
Florida automobile dealers have experienced bumpy roads in their industry, but rarely have the potholes been as big as they were in 2009. "As far as the car business goes, 2009 was a very tumultuous year," said George E. Nahas of Tavares, a board member of the National Automobile Dealers Association who represents Florida's franchised new-car dealers. "After this year, the industry can't go anywhere but up." Dealers hope he's right, and that an improving economy in 2010 will get more consumers back to showrooms, eager to spend.
Source: Florida Today

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NADA Marketplace
NADA Offers Dealers an Extra Incentive to Attend Upcoming Convention

McLEAN, Va. -- As an added incentive to attend NADA's upcoming Convention & Expo, all dealers and their managers will receive a $200 voucher when they check in at the convention in Orlando. The $200 voucher can be used to purchase any product or service from any exhibitor on the expo floor during the three-day convention, February 13-15, 2010. "During these challenging times, this is our way of showing our support for dealers around the country and the future of their businesses," says Steve Pitt, NADA vice president of conventions and expositions.
Source: NADA Newswire

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Virtual Seminar Thursday on the 'New Reality of Financing Your Dealership'

The recession has changed the relationship between dealers and floorplan lenders. To develop relationships with lenders, dealers need to know what they’re looking for today. Join NADA and CPA's Jodi Kippe and David Jarrett of Crowe Horwath LLP for a Webinar addressing the subject on Thursday, Dec. 3, from 1-3 p.m. (ET). The Webinar will cover the key risk elements and ratios that floorplan lenders examine when evaluating dealership performance—and learn how to incorporate these factors into your own performance monitoring and maintenance. The Webinar will give dealerships the tools needed to monitor performance, create transparency in lender relationships, encourage feedback from lenders, and prepare a business plan for new lenders. The Webinar is offered at $199 per computer connection, with access to the archive up to six months. Q&A with the CPAs will be held after the presentation. Register online or call (800) 252-6232, ext. 2.
Source: NADA Newswire

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Quotable
 
"As far as the car business goes, 2009 was a very tumultuous year. After this year, the industry can't go anywhere but up."

   
-- George E. Nahas, NADA board member and Saturn dealer from Tavares, Fla., Florida Today, Nov. 29
Video Highlights
 

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


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



NADA's 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?

All dealers and their managers who attend the NADA convention in Orlando, Feb. 13-15, will receive a $200 voucher at registration for the purchase of any product or service from any exhibitor on the expo floor. During these challenging times, this is NADA's way of demonstrating support for your business future. Register today! For more information or questions, contact expo@nada.org.

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


Save Up to 40 Percent with Lenovo

Lenovo has entered into an unprecedented partnership with Microsoft that maximizes the potential of Windows® 7. Lenovo’s new PCs will boot up faster (up to 33 percent faster), have HD graphics, and will be easier to use. NADA members and their staff can save up to 40 percent on select PCs. Lenovo invites you to see how their systems are designed for the way you work. To take advantage of this offer, visit NADA's PC Purchase Program page (member login required). Offer expires Nov. 30.


'Black Friday' Specials from HP

The HP Compaq dx7500 Business Desktop is just $449 and the HP StorageWorks RDX320 Removable Disk Backup System is now just $319 (a savings of $110). NADA members and dealership staff can take advantage of these offers Nov. 24-Dec. 8 by visiting NADA's PC Purchase Program site (member login required).

 
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