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Monday, Feb. 15, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
NADA Launches New Online Magazine
Toyota Expects to Fix More Than 70% of Recalled Cars
Dealers Optimistic about Chrysler's Future
Trading Places: Toyota, not Detroit, Worries Dealers
Economist: February Snows Make for Car Buyers' Paradise
Opinion: How Important NADA Has Become
Click Here for More News from NADAFrontPage.com
Top Stories
NADA Launches New Online Magazine

ORLANDO, Fla. – The National Automobile Dealers Association today launched an ambitious new online magazine called “NADA Front Page” featuring comprehensive and timely coverage of the automotive industry. “This takes NADA communications to an entirely new level,” says David Hyatt, NADA vice president for public affairs. NADAFrontPage.com is designed as a one-stop destination for all the latest news affecting the auto industry. It will feature top stories, NADA-TV reports, people, politics, issues, and opinion, plus automaker news on the latest automotive technology and cars of the future. NADAFrontPage.com debuts at the association’s 2010 convention in Orlando with coverage of daily convention activities and interviews with industry leaders, including GM's Vice President of Sales, Service and Marketing Susan Docherty, AutoNation’s Mike Jackson and Volkswagen of America President and CEO Stefan Jacoby. Click here for a video promo of NADAFrontPage.com.
Source: NADA Newswire

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Toyota Expects to Fix More Than 70% of Recalled Cars

Its next move will be a major sales push
ORLANDO -- While Toyota remains mired in embarrassing recalls, dealers gathered here say they are excited about a major marketing push the Japanese automaker has slated for March and noted that the company's payments to fix recalled cars and trucks will help offset lost sales. "When we roll out on March 1 ... you're going to see a lot of good programs for the customers to reassure them. I think it's going to be great," Kent Newbold, who owns a Toyota dealership near St. Louis, said on the floor of the National Automobile Dealers Association's annual convention in Orlando. Toyota expects more than 70% of the vehicles being recalled because of a problem that could lead to unintended acceleration to get fixed, a top company executive told the Free Press.
Source: Detroit Free Press

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Dealers Optimistic about Chrysler's Future

Carmaker urges retailers at convention to hang on until new vehicles arrive
ORLANDO, Fla. -- Chrysler Group LLC dealers left the first large-scale meeting with the automaker's new management team Sunday encouraged by the executives' commitment to reviving the company, but braced for a product drought. The meeting, held at the National Automobile Dealers Association annual convention, gave dealers a chance to voice concerns about the company, which emerged from bankruptcy protection last summer, and question executives about plans, products, marketing and incentive spending. "We're the toughest fighters. We've always been three or four (in the marketplace). We've never been spoon-fed," said Chuck Eddy Jr., a Chrysler, Dodge and Jeep dealer in Youngstown, Ohio. "We have to fight for every piece of ground. There's light at the end of the tunnel; I just don't like the length of the tunnel." He was alluding to a prolonged wait for refreshed or new vehicles, which won't arrive in showrooms in large volumes until next year.
Source: The Detroit News

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Trading Places: Toyota, not Detroit, Worries Dealers

ORLANDO, Fla. -- When U.S. auto dealers gathered in New Orleans a year ago, they wondered whether General Motors Co and Chrysler would survive. When thousands of dealers gathered for the annual National Automobile Dealers Association convention in Orlando, Florida, this weekend, it was "Toyota. Toyota. Toyota." The specter of Toyota Motor Corp, and how it stumbles or recovers from the biggest safety recall in its stellar history, was everywhere, including at press conferences hosted by its rival automakers. And everyone has advice. NADA chief economist Paul Taylor predicted U.S. auto sales this year at just short of 12 million units, up from 10.4 million last year. "I see no reason not to be totally upbeat. What you hear from them (dealers) is vehicles, vehicles," GM Vice Chairman Bob Lutz told Reuters on the sidelines of the NADA convention. "We need more vehicles, our shelves are bare of inventory."
Source: Reuters

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Economist: February Snows Make for Car Buyers' Paradise

Blizzards that have blanketed much of the East Coast, combined with the Toyota recall, are killing car sales this month -- and that could mean opportunity for smart buyers. "You're not going to find more motivated dealers," says Paul Taylor, chief economist of the National Automobile Dealers Association, meeting in Orlando. Dealers have "carefully brushed the snow off and they need to sell some vehicles." After a year of recession, buyers may need to replace their current vehicles, Taylor says. And waiting will only cost them more, since interest rates are predicted to rise in the latter part of the year. A lot of buyers "will not want to put off their purchase for another year," Taylor says.
Source: USA TODAY

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Opinion: How Important NADA Has Become
By Keith Crain

The auto companies, foreign and domestic, have come to realize that they have no credibility in Washington.

If automakers want to get anything done, they must beg their dealers to intercede on their behalf.

No one can forget how Congress treated the Detroit 3 executives. It's interesting that two of the three CEOs have been replaced. Yet members of the House and Senate were more than cordial with their local dealers, for all the obvious reasons.

If you want to get something done in Washington, you go to NADA. And while you're at it, it wouldn't hurt to cultivate AIADA, either.

NADA's strength and power are obvious during its annual convention.

Automobile dealers from all over the nation are heard. There may be fewer exhibitors, parties and make meetings, but dealers come to try to figure out what's going on with the U.S. economy and, more important, the automobile economy.

Dealers are still trying to figure out what's going to happen with the reduction of General Motors and Chrysler dealerships. It's confusing, sad and a real mess for all parties. Let's hope it will be resolved shortly.

For many dealerships, the only possible solution will be some sort of monetary compensation, because it's too late to give back a franchise.

I've always enjoyed NADA. It's a great convention. If you want to spend a couple of days catching up on just about everything, then you have to be at NADA.

I only wish that all the factory executives would realize how important it is to spend time with their customers.

Toyota is a hot topic of conversation, along with GM and Chrysler.

Companies that send their top executives get a feel for what's going on at the retail level. It's a great time for directors to learn a little more about their companies.

It is fun to see Ed Tonkin taking over the reins of NADA for a year. It doesn't seem that long ago that his father, Ron Tonkin, shook up the troops during his tenure.
Source: Automotive News

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Click Here for More News from NADAFrontPage.com

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Quotable
 
"This takes NADA communications to an entirely new level."

    -- David Hyatt, NADA vice president for public affairs, on the association's ambitious new online magazine, NADAFrontPage.com, NADA Newswire, Feb. 15

Video Highlights
 

NADA Launches New Online Magazine


NADA-TV: Exclusive Interview with GM's Susan Docherty, VP Sales, Service & Marketing


NADA Comes Through in a Tough Year (NADA-TV)


NADA's Trucks for Haiti Campaign Off to Strong Start
 (NADA-TV)


Chairman McEleney: Dealers Prepared to Repair Toyota Accelerators (Fox Business)

2010 Convention
 

On-Site Convention Registration Now Open

On-site registration for the NADA convention is now open in the Registration Concourse of the West Building, Orange County Convention Center. NADA will provide dealers and their managers with a $200 voucher at registration to spend on goods and services on the expo floor. Click here for more information.

CLICK HERE FOR MORE CONVENTION STORIES.


 

DealerTrack Ramps Up Incentive on Its Leading Inventory Management Solution at NADA Expo 

Dealers who use NADA’s $200 voucher to subscribe to DealerTrack AAX inventory management software solution and services at the NADA Convention & Expo will receive an additional $800 bonus from DealerTrack for a total savings of $1,000. DealerTrack AAX helps dealers manage their inventory while accelerating turns and increasing profits. Visit www.dealertrack.com/NADA for more information or call (888) 600-8760.


REGULATORY UPDATES


Enter to Win a New HP Laptop at NADA Convention



Register for a chance to win a new HP laptop at the NADA convention in Orlando! Just stop by the NADA Pavilion (Booth #1801) to register. While you're there take a look at the other HP products offered at a discount to NADA members. To take advantage of this discount, visit NADA's PC Purchase Program site (member log in required).



Save Up to 48% Off Select Lenovo Notebook Computers

Don't miss this opportunity for incredible savings on select Lenovo products during February with this eCoupon. Use the eCoupon USXSWEETDEALS at checkout to maximize your discount. Enjoy up to 48% off select notebooks, such as the ThinkPad T500 with integrated graphics for only $652.02. Power through graphics, presentations, personal e-mails and more with your new Lenovo products. To learn more about these and other specials for NADA members, visit NADA's PC Purchase Program site (member log in required).

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