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Top Stories
Financial Regulations Divide Democrats
NADA Continues Push for Dealer Exemption from New Agency Oversight
Vehicle Safety Bills Reflect Compromise Between U.S. Legislators and Automakers
Chrysler Recalling 575,000 Jeeps, Minivans for Flaws
Bernanke Says Economy Seems to Be on Track
Chicago Fed Auto Conference Survey Predicts Continued U.S. Growth
GM Offers Incentives on Certain Used Vehicles
Top Stories
Financial Regulations Divide Democrats

The financial regulation overhaul is opposed by nearly all Republicans, leaving the bill’s fate in the hands of Democratic supporters who have yet to work out their own differences. (Read more)
Source: Congressional Quarterly

Editor's Note: With the conference committee starting on June 10, dealers and dealership employees must urge conferees to preserve the pro-consumer auto financing language in the final bill and ask them how they will vote on this provision. Dealers and dealership employees should stress that the provision specifically impacting dealer-assisted financing does not repeal any existing law or statute but keeps the effective oversight of the FTC and the Federal Reserve. Even with this language, all auto loans and lenders who underwrite, fund and service auto loans and leases will be regulated by the proposed agency. The Brownback/Campbell language keeps auto credit affordable and accessible for consumers from all walks of life. For the full list of conferees and their phone numbers click here. Please contact NADA Legislative Affairs with any updates or feedback at 800-563-1556. More information can be found at www.NADA.org/keepcreditaffordable.

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NADA Continues Push for Dealer Exemption from New Agency Oversight

WASHINGTON, D.C. — The National Automobile Dealers Association continues to urge House and Senate conferees to keep finance options for car buyers affordable and accessible when considering legislation to overhaul the nation's financial system. (Read more)
Source: AutoRemarketing

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Vehicle Safety Bills Reflect Compromise Between U.S. Legislators and Automakers

Automakers have reached a series of compromises with lawmakers over both the House and Senate versions of auto safety legislation aimed at forcing the National Highway Traffic Safety Administration to set and enforce stricter standards, according to records and interviews. (Read more)
Source: The Washington Post

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Chrysler Recalling 575,000 Jeeps, Minivans for Flaws

Chrysler Group LLC is recalling almost 575,000 Jeep sport-utility vehicles and Dodge and Chrysler minivans for brake line and wiring defects, U.S. safety regulators said. (Read more)
Source: Bloomberg

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Bernanke Says Economy Seems to Be on Track

Federal Reserve Chairman Ben Bernanke offered cautious reassurance that the U.S. recovery is on track, despite recent turmoil in financial markets and worries about the health of Europe's economy. (Read more)
Source: The Wall Street Journal

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Chicago Fed Auto Conference Survey Predicts Continued U.S. Growth

Participants who attended a Federal Reserve automotive industry forum last week are upbeat about the economic outlook, seeing continued growth and declining unemployment this year and next. (Read more)
Source: The Wall Street Journal

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GM Offers Incentives on Certain Used Vehicles

DETROIT -- General Motors said Monday that it is offering financing as low as 1.9 percent on used Chevy Impalas and Pontiac G6s. (Read more)
Source: The Associated Press

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Quotable
 
"The big question is, ‘Where are the divisions going to be among Democrats?’" 

     -- Bert Ely, an independent financial analyst, on Congressional Democrats' differences of opinion on major issues in financial reform legislation despite months of debate, Congressional Quarterly, June 8

Video Highlights
 

Senate: Exempt Dealers from Wall Street Reform Bill (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'


 

Savings from HP on a ProBook 4425s Notebook

NADA members can buy HP’s ProBook 4425s notebook for only $619. Add a 20” LCD Monitor and space-saving stand for a total of $972. This highly mobile notebook has a spill-resistant keyboard and wireless connectivity option for everyday use in or out of the office. To see this promotion and all discounted products from HP, visit NADA's PC Purchase Program site (member log in required).


Save up to $700 with Lenovo

Lenovo is offering up to $700 off select PCs with its June promotion. Just use eCoupon USXDADSGRADS at checkout. Don't forget the accessories! Lenovo has a proven track record and cutting-edge technology. To see this promotion and all discounted products from Lenovo, visit NADA's PC Purchase Program site (member log in required).


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