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Top Stories
Senators Appointed to Hammer Out Differences with House on Financial Overhaul
House Committee to Debate Auto Safety Bill (Today)
Reinstated Dealers Rebuild: Winning Back Customers Next Big Challenge
Sales of Ford F-Series, Ram, GMC Sierra Trucks Pick Up
Nissan's Electric Leaf Set for Production
Ford Pumps $135M into Green Cars
Sudden Acceleration Death Toll Linked to Toyota Rises
U.S. Economy: Consumers Gain Confidence on More Jobs
Durables Orders in U.S. Increased More Than Forecast
Top Stories
Senators Appointed to Hammer Out Differences with House on Financial Overhaul

Senate leaders on Tuesday appointed seven Democrats and five Republicans to meet with counterparts from the House in coming weeks to hammer out differences between new financial rules approved by each chamber. The appointees consist of lawmakers from the banking and agriculture committees. Sen. Christopher J. Dodd (Conn.), chairman of the banking committee, and Sen. Blanche Lincoln (Ark.), agriculture chairman, will be joined by fellow Democrats Tim Johnson (S.D.), Charles E. Schumer (N.Y.), Tom Harkin (Iowa), Patrick J. Leahy (Vt.) and Jack Reed (R.I.). The Republicans, each of whom opposed the bill passed last week by the Senate, are Richard C. Shelby (Ala.), Judd Gregg (N.H.), Bob Corker (Tenn.), Saxby Chambliss (Ga.) and Michael D. Crapo (Idaho). The effort will be headed by Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, who said he hopes to deliver a final bill to President Obama by July 4. Frank's recommendations include subcommittee chairmen Paul E. Kanjorski (Pa.), Luis V. Gutierrez (Ill.), Maxine Waters (Calif.), Melvin Watt (N.C.), Gregory W. Meeks (N.Y.) and Dennis Moore (Kan.), as well as Joint Economic Committee Chairman Carolyn B. Maloney (N.Y.). (Read more)
Source: The Washington Post

Editor's Note: With the House and Senate recessing from Memorial Day weekend until June 6, dealers should request meetings with those representatives and senators who are likely to be appointed to the House-Senate conference committee. Dealers should stress the importance of keeping auto financing affordable for car buyers. Dealers are also urged to reach out to the senators who voted for the Brownback motion and thank them for their support and to encourage them to contact the Senate conferees to ensure that the Brownback provision stays in the final bill. Click here to see how your senators voted.

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House Committee to Debate Auto Safety Bill (Today)

WASHINGTON -- Two Michigan Democrats reached agreement late Tuesday with the chairman of a key committee on a sweeping overhaul of the nation's auto safety laws, softening many proposed new rules. (Read more)
Source: The Detroit News

Editor's Note: NADA remains engaged in debate over vehicle safety legislation in the House and Senate in response to allegations of unintended acceleration in Toyota vehicles. Of concern to dealers is a proposed tax on new cars that the Secretary of Transportation would have the discretion to raise beginning in 2014 without the direct consent of Congress. NADA, automakers and other dealer associations support an amendment offered by Rep. Steve Scalise, R-La., to strike the tax. A letter from the three major dealer organizations and the Alliance for Automobile Manufacturers to Rep. Scalise notes that this additional levy is on top of new fuel economy mandates, which will add hundreds and in some cases thousands of dollars to the price of a vehicle. (Click here for the letter in support of the Scalise Amendment). As the bill takes shape, NADA will continue to be vigilant in conveying dealers’ concerns directly to House and Senate staff. (Click here for a letter NADA sent to the chairman of the subcommittee on Commerce, Trade and Consumer Protection.)

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Reinstated Dealers Rebuild: Winning Back Customers Next Big Challenge

DETROIT -- When Scott LaRiche walked through the Plymouth, Mich., showroom of his family's car dealership two weeks ago, the mood couldn't have been more different from a year ago. But there's little time to celebrate. (Read more)
Source: Automotive News

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Sales of Ford F-Series, Ram, GMC Sierra Trucks Pick Up

New versions of big, bad, politically incorrect heavy-duty pickups have starring roles in the Detroit automakers' sales and profit comeback. The sales increases, in fact, are a good omen not just for automakers, but for the economy overall. (Read more)
Source: USA TODAY

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Nissan's Electric Leaf Set for Production

Automaker's chief says 2010 production is already 'sold out'

Nissan Motor Co. has collected nearly 20,000 pre-orders for an all-electric Leaf car that it plans to start selling in the United States and Japan in December. (Read more)
Source: The Detroit News

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Ford Pumps $135M into Green Cars

Ford Motor Co. (on Monday) announced it is investing $135 million to design, engineer and produce key components for the company’s next generation of hybrid-electric vehicles that go into production in 2012. (Read more)
Source: Detroit Free Press

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Sudden Acceleration Death Toll Linked to Toyota Rises

WASHINGTON — The government said Tuesday that it estimated that 89 deaths could have been related to unintended acceleration in Toyota vehicles in the last decade, a sharp increase from previous figures. (Read more)
Source: The Associated Press

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U.S. Economy: Consumers Gain Confidence on More Jobs

Consumers gained more confidence in May than projected as a recovering U.S. economy raised expectations hiring will pick up in coming months. (Read more)
Source: Bloomberg Businessweek

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Durables Orders in U.S. Increased More Than Forecast

Orders for durable goods rose in April for the fourth time in five months, pointing to strength in U.S. manufacturing at the start of the second quarter. (Read more)
Source: Bloomberg Businessweek

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Video Highlights
 

Brownback Motion Passes in the Senate (NADA-TV)


Sen. Brownback at May 19 News Conference (NADA-TV)


Car Dealers and Wall Street Reform? (CNN)


NADA Chairman Says Dealers Are Not Banks (CBS Evening News) 


Sen. Brownback on Need to Exclude Auto Dealers from Financial Reform (C-SPAN)

NADA Marketplace
 

NADA University: 'We Build Champions'


Need Help Understanding Social Media?

The NADA Information Technology Committee wants to help dealers learn what social media sites can do for them. The committee suggests dealers review any of the many publications available on nada.org.  One document from Adam Boalt titled, “Social Media Best Practices for Automotive Dealers” explains how social media sites function and what they might accomplish for a dealership. Dealers could also gain insight on the topic by reading “Six Ways to Get Business Value from Social Software” from socialtext.com. Links to both articles are at www.nada.org/Technology.


 
Think Speed. Think Savings. Think Lenovo!

NADA members may now use eCoupon USXMAYSAVINGS for an additional 5 percent off the sale price of the T410, X201, Y Series IdeaPad and K Series IdeaCentre. To see this promotion and all discounted products from Lenovo
, visit NADA's PC Purchase Program site (member log in required).

 

Only $549 for HP’s ProBook 4415s Notebook

Isn't it time to replace your worn-out PC? NADA members can save $388 on HP’s ProBook 4415s Notebook PC while supplies last. Included are the new Windows® 7 Professional, a full 14.0-inch display and a full-sized keyboard. To see this promotion and all discounted products from HP, visit NADA's PC Purchase Program site (member log in required).

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