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Top Stories
Brownback Pushes a Break for Auto Dealers
Energy Department Vows Quick Approval for Loans to Help Automakers Retool
Toyota Documents Show It Knew of Accelerator Defects in 2006
Toyota Teams to Check Speeding Vehicles
Captives Make the Best Finance Partners, Auto Chiefs Say
Chase to Provide Mazda Financing Under New Brand
Consumers to Aid U.S. Recovery as Employment Grows, Survey Says
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 Stories
Brownback Pushes a Break for Auto Dealers

Sen. Sam Brownback (R, Kan.) plans to introduce an amendment to the financial overhaul bill that would exempt most auto dealers from new consumer financial protection rules. (Read more)
Source: The Wall Street Journal

Editor's note: Auto loans are already "policed" by the Federal Trade Commission and state consumer protection agencies, and would remain fully regulated under the Brownback amendment. The proposed Bureau of Consumer Financial Protection would have near dictatorial powers over auto finance, including the power to end third party financing and subject dealers to intrusive examinations without cause. “Increasing regulation of dealers while failing to articulate any reason why such a change is necessary is an example of the Administration exploiting the 2008 Wall Street crisis to increase government control over Main Street businesses,” said Bailey Wood, NADA’s legislative spokesman. Dealers are urged to contact their Senators today at (202) 225-3121 and ask them to support the Brownback amendment.

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Energy Department Vows Quick Approval for Loans to Help Automakers Retool

WASHINGTON -- U.S. Energy Secretary Steven Chu vowed Thursday to quickly approve additional loans for automakers, parts suppliers and startups to retool factories to develop and build more fuel-efficient vehicles. (Read more)
Source: The Detroit News

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Toyota Documents Show It Knew of Accelerator Defects in 2006

Toyota Motor Corp. knew about flaws that could cause unintended acceleration more than 3 1/2 years before it recalled cars and trucks to fix the defects, according to company timelines. (Read more)
Source: Bloomberg

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Toyota Teams to Check Speeding Vehicles

Engineers, technicians will respond to new acceleration complaints
Toyota will contact anyone reporting unintended acceleration of a Toyota, Lexus or Scion vehicle within 24 hours and dispatch teams to investigate the vehicle, the company said Thursday. (Read more)
Source: Detroit Free Press

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Captives Make the Best Finance Partners, Auto Chiefs Say

NEW YORK -- Panelists at an industry conference last week avoided naming names but left no doubt that GMAC Financial Service's virtual shutdown in late 2008 illustrated the need to have a totally dependable finance source. (Read more)
Source: Automotive News

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Chase to Provide Mazda Financing Under New Brand

Chase and Mazda North American Operations on Wednesday said they reached an agreement in which Chase will provide financing to Mazda customers and dealers under the brand name Mazda Capital Services. (Read more)
Source: The Associated Press

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Consumers to Aid U.S. Recovery as Employment Grows, Survey Says

Consumers are emerging from a two-year hibernation to play a more active role in the U.S. recovery as unemployment recedes, according to economists surveyed by Bloomberg News. (Read more)
Source: Bloomberg

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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
 
“The biggest change is that the employment story is looking better. The consumer is feeling a little more comfortable and is a little more willing to spend.”

    -- Nariman Behravesh, chief economist at IHS Global Insight in Lexington, Massachusetts, Bloomberg, April 9


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 
 
 
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, 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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