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Wednesday, April 7, 2010 RSSSEND TO A FRIENDPRINT
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Top 10 Stories
Banking Panel's Top Republican Proposes Consumer Financial Protection Agency
Brownback to Offer Bill Exempting Auto Dealers from Consumer Financial Office
Probe of Toyota Intensifies
LaHood: Feds Could Find More Toyota Safety Lapses
U.S. Expects Equity Payback
Upbeat Signs Revive Consumers' Mood for Spending
Survey: Fewer Consumer Loans Are Being Paid Late
AutoNation Lifts First-Quarter Profit Forecast
Renault, Nissan Join Forces With Daimler
GM to Close Hummer 'For Real,' Begins Clearance Sale
Click Here for More News from NADAFrontPage.com
NADA Marketplace
NADA University Opens Free Enrollment
Skywerks Integrates NADA Used Car Guide's Values into New Software and Mobile Application
NADA University's Dealer Management Seminars Underway
Top 10 Stories
Banking Panel's Top Republican Proposes Consumer Financial Protection Agency

Staff members for Sen. Richard C. Shelby (Ala.), the ranking Republican on the Senate banking committee, sent a proposal to their Democratic counterparts last week that would create an independent consumer financial protection agency, according to sources familiar with the negotiations. (Read more)
Source: The Washington Post

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Brownback to Offer Bill Exempting Auto Dealers from Consumer Financial Office

Sen. Sam Brownback is planning to introduce legislation exempting auto dealers from a new consumer protection office. (Read more)
Source: The Hill

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Probe of Toyota Intensifies

U.S. House panels get documents detailing 3 recalls
WASHINGTON -- Congressional investigators began ramping up a probe of Toyota Motor Corp. on Tuesday, a day after federal regulators sought a $16.4 million fine against the automaker. (Read more)
Source: The Detroit News

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LaHood: Feds Could Find More Toyota Safety Lapses

CHICAGO -- Transportation Secretary Ray LaHood said Tuesday he wouldn't be surprised if a review of documents from Toyota Motor uncovered additional safety lapses at the Japanese automaker. (Read more)
Source: USA TODAY

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U.S. Expects Equity Payback

Officials look for GM, Chrysler to profit
WASHINGTON -- The Obama administration expects General Motors and Chrysler to generate enough profits for the government to unwind its equity stakes in both automakers, according to a new federal report. (Read more)
Source: Detroit Free Press

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Upbeat Signs Revive Consumers' Mood for Spending

American consumers are finally coming out of hiding. (Read more)
Source: The New York Times

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Survey: Fewer Consumer Loans Are Being Paid Late

WASHINGTON -- Late payments for most types of consumer loans decreased in the final quarter of last year, a new industry survey shows. (Read more)
Source: The Associated Press
 

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AutoNation Lifts First-Quarter Profit Forecast

AutoNation Inc. increased its profit forecast for the first quarter, a sign that the auto retailer is seeing continued gradual improvement from the bottom of the recession. (Read more)
Source: The Wall Street Journal

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Renault, Nissan Join Forces With Daimler

Auto makers Renault SA and Nissan Motor Co. expect to reap about €2 billion ($2.68 billion) in additional profits over the next five years as a result of their new partnership with Daimler AG, the chief executive of Renault and Nissan said in an interview. (Read more)
Source: The Wall Street Journal

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GM to Close Hummer 'For Real,' Begins Clearance Sale

DETROIT -- General Motors Co. is shutting down its Hummer SUV brand for good, taking the last of its four discarded U.S. brands off the market. (Read more)
Source: Automotive News

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Click Here for More News from NADAFrontPage.com

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NADA Marketplace
NADA University Opens Free Enrollment

Sign up today and receive free services and discounts
McLEAN, Va. -- For automobile and commercial truck dealerships looking for a competitive edge to improve business operations in today’s complex marketplace, NADA University’s new online training and educational resources are designed to prepare dealers and their employees for the challenges ahead. (Read more)
Source: NADA-ATD University

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Skywerks Integrates NADA Used Car Guide's Values into New Software and Mobile Application

Skywerks, a leading provider of high-tech Dealership Management Systems (DMS) software, has integrated NADA Used Car Guide vehicle values into its new iPhone product and soon-to-be-released Deliverance (Independent Dealers) DMS. Click here for more information.
Source: NADA Used Car Guide

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NADA University's Dealer Management Seminars Underway

McLEAN, Va. -- NADA University's four on-site, week-long management seminars on fixed operations and financial management are underway. (Read more)
Source: NADAFrontPage.com

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Quotable
 
“Auto dealers did not cause the credit meltdown, and auto loans did not contribute to the worst financial crisis since the Great Depression. Financial reform legislation should focus on what led to the economic crash in 2008, and not be used as a means to increase regulation on dealers.”

    -- David Regan, vice president of legislative affairs at NADA, on why the Senate should pass legislation Sen. Sam Brownback is planning to introduce exempting auto dealers from a new consumer protection office, The Hill, April 7


Dealers Urged to Take Floorplan Survey

NADA remains focused on expanding the availability of financing for dealers to purchase vehicle inventory. All dealers are strongly encouraged to take a few moments to participate in a brief, yet important, online survey. The data will be used to provide federal officials with a clear view of the state of wholesale lending to dealerships, the availability floorplan lines of credit and its impact on dealers. Click here to take the survey.

Video Highlights
 

What About the Dealers?(CNBC)


Auto Dealers Forecast Higher Sales (CNNMoney.com)


Future of the American Auto Industry (Fox Business)


NADA University: 'We Build Champions'


NADA Launches New Online Magazine 

NADA Marketplace 
 
 
Think Spring. Think Savings. Think Lenovo!

Spring into the new season with a new Lenovo laptop. Use eCoupon USXSPRINGSAVINGS and save up to $875 on select ThinkPad X series and ThinkPad T series laptops! Make your purchase complete by adding accessories. To see this promotion and all discounted products from Lenovo
, visit NADA's PC Purchase Program site (member log in required).



Save up to $361 on the HP ProBook 5310m

NADA members can receive special pricing and great discounts on a wide range of HP business products. And now, through April 30, save $361 on the HP ProBook 5310m – the notebook named Editor’s Choice by NotebookReview.com, PCMag.com, Computer Shopper and Laptop Magazine. To learn more about these and other HP specials, visit NADA's PC Purchase Program site (member log in required).


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