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Top Stories
Republicans Dig in Against Obama on Finance Reform
Geithner Says Financial Overhaul Will Clear Senate with GOP Votes
US Gov't Says Toyota Accepted Record $16.4M Fine
Toyota to Face Congress Again May 6
GM, Dealers Tussle Over Discoverable Data
Auto Spending Leads Rebound in Local TV Advertising
Low APRs Drive Store Profits Up
Toyota Recalls 600,000 Sienna Minivans Over Spare-Tire Cable
NADA Marketplace
NADA University Offers Free Sales Webinar: 'Move the Metal with Ongoing Follow-Up' on April 21
Top Stories
Republicans Dig in Against Obama on Finance Reform

WASHINGTON — Top Senate Republican Mitch McConnell vowed Sunday to oppose Barack Obama's finance industry reforms even if the president abandons plans to set up a 50-billion-dollar liquidation fund for failed banks. (Read more)
Source: Agence France Presse

Editor's note: NADA remains concerned that the Bureau of Consumer Financial Protection contained in the financial reform legislation would subject dealers to a new agency with almost limitless authority and new regulations that could limit access and increase the cost of credit for all car buyers. NADA’s legislative office is asking dealers to call their Senators IMMEDIATELY at (202) 225-3121 and urge them to support the Brownback auto dealer amendment to the financial reform bill, which would exempt dealers from the bureau. Click here for key points when talking to Senators about the Brownback amendment. Click here for the Issue Brief.

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Geithner Says Financial Overhaul Will Clear Senate with GOP Votes

Treasury Secretary Timothy F. Geithner said Sunday that efforts to overhaul the financial regulatory system will win bipartisan support in Congress, even as the top Senate Republican continued to attack Democratic proposals. (Read more)
Source: The Washington Post

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US Gov't Says Toyota Accepted Record $16.4M Fine

WASHINGTON -- The government said Monday that Toyota has agreed to pay a record $16.4 million fine for failing to properly notify federal authorities about a dangerous pedal defect. (Read more)
Source: The Associated Press

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Toyota to Face Congress Again May 6

WASHINGTON -- Toyota executives have been asked to testify again to a U.S. House subcommittee on May 6, and lawmakers (on Friday) asked for more information about Toyota’s testing for causes of sudden acceleration and its work with California research firm Exponent. (Read more)
Source: Detroit Free Press

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GM, Dealers Tussle Over Discoverable Data

A number of General Motors Co. dealers who are continuing to arbitrate say the company is withholding the documents they need to prove their case. (Read more)
Source: Automotive News

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Auto Spending Leads Rebound in Local TV Advertising

Gannett Co. and CBS Corp. are benefiting from a resurgence in spending by automakers and dealerships that may help boost local television advertising sales 16 percent this year. (Read more)
Source: Bloomberg

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Low APRs Drive Store Profits Up

Cheap financing is giving dealers the opportunity to sell a rich mix of products and more finance and insurance add-ons. Because the deals reduce monthly payments, some customers are buying bigger or better-equipped vehicles or service contracts. (Read more)
Source: Automotive News

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Toyota Recalls 600,000 Sienna Minivans Over Spare-Tire Cable

SAN FRANCISCO — Toyota Motor Corp. announced Friday a voluntary recall of about 600,000 Sienna minivans because the spare tire could potentially fall on the road and pose a hazard to other vehicles. (Read more)
Source: The Wall Street Journal

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NADA Marketplace
NADA University Offers Free Sales Webinar: 'Move the Metal with Ongoing Follow-Up' on April 21

NADA University is offering a free MarketINSIGHT mini-webinar, “Steps to a Sale: Move the Metal with Ongoing Follow-Up,” on Wednesday, April 21, from 1-2 p.m. ET.  Kathy Kimmel of Cars.com will present a customized approach to providing customers with the information they need to make a purchase. Webinar participants will learn tactics to stay focused beyond the 72-hour push and maintain contact with prospects for as long as it takes to win the sale. Rob Fontano, digital sales and marketing director for Marazzi Motors, and Todd Smith, co-founder and president of ActivEngage, will join Kimmel in the discussion that will provide dealer and consultant perspectives and strategies. MarketINSIGHT mini-webinars, which are open to everyone at no charge, feature experts in different aspects of the automotive industry with information on trends, developments and issues that affect the industry. The webinars are sponsored by NADA University’s Resource Toolbox. To register, click here.
Source: NADA University

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Quotable
 
"I don't know anybody in the Senate who thinks we ought not to pass a bill. The question is, what's it going to look like?"

   
-- Senate Republican Mitch McConnell, who vowed Sunday to oppose Barack Obama's finance industry reforms, Agence France Presse, April 18
Video Highlights
 

NADA Chairman Ed Tonkin on the Brownback Amendment to Financial Overhaul Bill


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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