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Monday, Jan. 11, 2010 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top Stories
Ford's Global Future Rides on Next Generation Focus
Detroit Auto Show: Cheerleading from Washington
Smaller, Electric Cars Reign at Detroit Auto Show
AFSA's '10 Vehicle Finance Conference to Address Industry's Top Challenges
FTC and FRB Release Final Risk-Based Pricing Rule
NADA Convention & Expo
Getting Ready for the Recovery--the 2010 NADA Convention and Expo
National Time Magazine 'Dealer of the Year' to be Named at NADA Convention in Orlando
NADA University Set to Launch at Convention in February
NADA Offers Dealers $200 Voucher as an Extra Incentive for Attending Convention
NADA Enhances Convention Communications Through Social Networking
Reminder
EPA Hazardous Air Pollution Rule Requires Existing Body Shops to File 'Initial Notification Form' Today
Top Stories
Ford's Global Future Rides on Next Generation Focus

Compact sedan platform aims at lowering costs worldwide
In the long history of Ford Motor Co., few cars have had more riding on them than the all-new Ford Focus the automaker will unveil today at the North American International Auto Show. The sporty compact is the lever CEO Alan Mulally hopes will transform a company known for its gas-guzzling pickups and sport utility vehicles into one focused on fuel-efficient and fun-to-drive small cars. The 2012 Focus also is the centerpiece of Ford's new global product plan and the first real test of Mulally's "One Ford" strategy, aimed at combining the company's global resources as never before. "This Focus was designed from the start to leverage all of our global assets," Mulally told The Detroit News. "It exemplifies our transformation."
Source: The Detroit News

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Detroit Auto Show: Cheerleading from Washington

DETROIT — Although he didn’t bring pompoms, Transportation Secretary Ray LaHood made a kickoff speech at the North American International Auto Show that was largely an exercise in cheerleading. “What a difference a year makes,” Mr. LaHood said. “This is a new day; today is a new day. Today is a new beginning really for the automobile industry. “The automobile industry is manufacturing products that people want to drive,” he continued. “As this industry comes back, the economy will come back.” He cited the success of the cash-for-clunkers program, calling it a lifeline during a very bleak period, and praised the industry for agreeing to tougher fuel-economy standards.
Source: The New York Times

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Smaller, Electric Cars Reign at Detroit Auto Show

DETROIT -- Electric, hybrid and small cars will grab center stage at the Detroit auto show this week, as the industry adapts to a world reshaped by the Great Recession and environmental worries. The event will demonstrate just how automakers are responding to this new reality. Ford wants to build on its success in midsize sedans and re-ignite its small car sales, while Hyundai aims to extend last year's triumph in budget-conscious models. GM and Chrysler will start fresh with electric vehicles but also try to boost their small-car credibility. Toyota hopes to solidify its dominance in hybrids.
Source: The Associated Press

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AFSA's '10 Vehicle Finance Conference to Address Industry's Top Challenges

WASHINGTON -- While the economy is beginning to show signs of recovery, many challenges remain for the vehicle finance industry. In response, the American Financial Services Association (AFSA) has assembled a powerful lineup for its 14th Annual Vehicle Finance Conference and Exposition at Walt Disney’s Yacht Club Resort in Lake Buena Vista, Fla., from Feb. 10-12, 2010. Led by AFSA’s Vehicle Finance Division Chair Stephen Smith, senior vice president, financial services, American Honda Finance Corp., the conference will begin with an update on AFSA’s initiatives by Chris Stinebert, president & CEO, followed by a Keynote Address from Fox News Sunday host Chris Wallace. The conference program will address the economy and credit markets, financial reform, improving operations, risk management, planning for the future and marketing to attract the “new hip consumer.”

CEO Panel speakers will be: Steven Lambert of Nissan Motor Acceptance Corporation; John Noone of Ford Motor Credit Company, LLC; and Thomas Wolfe of Wachovia Dealer Financial Services. Providing the dealer perspective will be: Forrest McConnell, III, chairman of NADA’s Regulatory Affairs Committee and president of McConnell Honda; Edward Tonkin, NADA chairman-elect and president of Ron Tonkin Dealerships; Stephen Wade, NADA vice chairman-elect and president of Stephen Wade Auto Centers; and Kevin Westfall, AutoNation senior vice president, sales F&I.
Source: American Financial Services Association

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FTC and FRB Release Final Risk-Based Pricing Rule

The Federal Reserve Board and the Federal Trade Commission have released their long-awaited joint Final Risk-Based Pricing Rule. The rule, which implements section 311 of the FACT Act of 2003 and takes effect Jan. 1, 2011, generally applies to dealers who obtain a credit report regarding a consumer and then enter into a credit transaction with that consumer. Covered dealers must issue a Risk-Based Pricing Notice (RBPN) to those consumers to whom the dealer extends credit on terms that are "materially less favorable" than those entered into with a "substantial proportion" of the dealer's other credit customers. Because of the difficulty in determining which customers fit into this ill-defined category, NADA recommended -- and the agencies adopted -- an Exception Notice that dealers and other creditors may issue in lieu of the RBPN. The criteria for using the Exception Notice and other elements of the Risk-Based Pricing Rule are explained in a preliminary NADA summary at www.nada.org/factact (member log in required).
Source:NADA Newswire

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NADA Convention & Expo
Getting Ready for the Recovery--the 2010 NADA Convention and Expo

With so much going on in the industry, it is incumbent upon dealers to stay informed and network with each other to determine how to proceed in the year ahead. The best place to do this is the 2010 NADA Convention & Expo in Orlando. NADA, however, is more than just a good place to learn how to better run your dealership; it is also simply the best place in the world for auto dealers to network and share ideas, as well as find business partners and vendors that can help grow their businesses. Sure you could skip this year’s show and save a few bucks, but what will it cost you in the long run?
Source: Dealer Marketing Magazine

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National Time Magazine 'Dealer of the Year' to be Named at NADA Convention in Orlando

NEW YORK -- Forty-five new-car dealers from around the country have been nominated for the national Time Magazine Dealer of the Year Award. The award is presented by Time Magazine in partnership with Goodyear. This is the 41st annual Time award recognizing dealers who exhibit exceptional business performance combined with distinguished community service. It will be presented during the opening session of the NADA Convention & Expo in Orlando on Saturday, Feb 13. A panel of faculty members from the University of Michigan’s Graduate School of Business Administration will select the winner. Click here for the list of nominees.
Source: NADA Newswire

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NADA University Set to Launch at Convention in February

NADA University, an unprecedented online education and cutting-edge resource for NADA and ATD dealer members to enhance their business performance, will launch at the NADA Convention & Expo in Orlando, Feb. 13-15. Demos and access credentials will be provided on site at the NADA University booth (#1801) and the NADA University studio. The launch will include substantial training and free services for members. LightSpeed VT, a global leader in interactive-based training systems focused on the auto industry, will deliver NADA University to users in both online and classroom-based solutions. NADA University encompasses four "Automotive Centers of Excellence," which are the NADA/ATD Academy, Learning Hub, 20 Group and Resource Toolbox. Click here for more details.
Source: NADA Newswire

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NADA Offers Dealers $200 Voucher as an Extra Incentive for Attending Convention

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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NADA Enhances Convention Communications Through Social Networking

Follow the latest convention developments and interact with attendees, workshop presenters and exhibitors on LinkedIn, Facebook, Twitter and YouTube
To enhance the experience for attendees, NADA—for the first time—has launched a social media campaign using the popular LinkedIn, Facebook, Twitter and YouTube platforms. “By using these social media sites, dealers and exhibitors can get a head start on what to expect at the convention,” says Steve Pitt, NADA vice president of conventions and expositions. “Attendees will receive breaking news announcements. Dealers and their managers will also be able to interact online with instructors before workshops begin and get a jump-start on reviewing exhibitor products and services that can improve their businesses.” To follow convention developments on the social media sites, visit www.nada.org/convention and click the icons.
Source: NADA Newswire

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Reminder
EPA Hazardous Air Pollution Rule Requires Existing Body Shops to File 'Initial Notification Form' Today

The EPA rule governing hazardous air pollutants (HAPs) requires existing body shops to file an Initial Notification Form by today, Jan. 11. Full compliance, due by Jan. 11, 2011, requires that dealership body shops:

  • Paint only inside filtered, ventilated paint booths or prep stations.
  • Use high transfer efficiency application equipment.
  • Clean guns with non-hazardous solvents, in gun-enclosed washers, or using a method that does not involve atomized spraying to the open air.
  • Have painters trained and certified every five years.
  • Keep basic records demonstrating compliance.

The rule also:

  • Allows a shop to petition for an exemption if it does not spray coatings with any of the above-listed HAPs of concern.
  • Excludes the spraying of coatings from hand-held guns with paint cups of 3.0 fluid ounces or less.

Also, paint stripping involving methylene chloride (MeCl) is significantly regulated for shops using more than one ton of MeCl per year. When possible, body shops should avoid the use of strippers containing MeCl.

For more information, see the bulletin and forms at www.nada.org/bodyshop (log in required). Additional information will soon be available at NADA University. Questions on the new rule may be directed to NADA Regulatory Affairs at regulatoryaffairs@nada.org or (703) 821-7040.
Source: NADA Newswire

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Quotable
 
"This Focus was designed from the start to leverage all of our global assets. It exemplifies our transformation."

   
-- Alan Mulally, Ford Motor Co. CEO, on the automaker's all-new Focus, which it will unveil today at the North American International Auto Show, The Detroit News, Jan. 11
2010 Convention
 


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

Did you know?

Pre-Registration Ends in 4 Days!

Register today! For more information, contact expo@nada.org.

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


 

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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.