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Top Stories
Dealmakers or Dealbreakers Face Financial Overhaul
Survey Finds Ford is Top Auto Brand
Cadillac Franchisees Come Back
Pickup Sales Picking Up and Economy Hitches a Ride
It's a Lean Month on Dealer Lots
Consumers Tighten Belts
VW Recalls 15,902 Vans Built by Chrysler
Cadillac Calls Ritz to Capture Luxury Lost on Young
Top Stories
Dealmakers or Dealbreakers Face Financial Overhaul

WASHINGTON -- They are the sticking points that would gum up the Wall Street overhaul. From big banks' exotic trades to the plastic in people's wallets, it only take a few of the most contentious issues to upend a careful political equilibrium as lawmakers try to blend House and Senate bills into a single rewrite of banking regulations. (Read more)
Source: The Associated Press

Editor's Note:The White House is continuing its attack on dealers’ grassroots work to keep auto financing affordable and accessible for car buyers. Dealership employees and dealers must continue to educate conferees on the value of dealer-assisted financing for consumers and to counter the false allegations being made about the Brownback/Campbell language. Dealerships should stress that all auto lenders that underwrite, fund or service auto loans will be covered by the proposed agency. Remind conferees that the existing laws governing dealer-assisted financing already protect consumers effectively and will not change. Those laws include the Truth in Lending Act, the Fair Credit Reporting Act, the Federal Trade Commission Act, among others. For more information, visit www.NADA.org/KeepCreditAffordable. For the list of conferees and their phone and fax numbers, click here. Report any updates on a conferee's position on this issue to NADA Legislative Affairs at 202-547-5500.

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Survey Finds Ford is Top Auto Brand

LOS ANGELES -- Ford is riding sky high in terms of consumer perception, according to a market research firm that tracks how Americans view consumer brands. Toyota took a huge fall in BrandIndex's survey of consumer sentiment after its recall crisis this year. (Read more)
Source: Automotive News

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Cadillac Franchisees Come Back

DETROIT -- Cadillac is preparing to welcome back hundreds of franchisees, many in small towns. That will end its post-bankruptcy plan to rebuild sales with only about 500 dealerships in large metro markets. (Read more)
Source: Automotive News

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Pickup Sales Picking Up and Economy Hitches a Ride

NEW YORK -- Pickups are a kind of rugged indicator of the nation's financial health. And lately sales have started shifting into a higher gear. (Read more)
Source: The Associated Press

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It's a Lean Month on Dealer Lots

U.S. carmakers and dealers started the month with the lowest stocks for any June on record -- a 48-day supply of light vehicles -- and the fifth-lowest for any month in 19 years of records. (Read more)
Source: Automotive News

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Consumers Tighten Belts

The Commerce Department reported Friday that sales at retail establishments—including department stores, gas stations and restaurants—fell 1.2% in May from April. (Read more)
Source: The Wall Street Journal

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VW Recalls 15,902 Vans Built by Chrysler

DETROIT—Volkswagen AG notified U.S. safety regulators that it is recalling 15,902 of its 2009 Routan minivan over a possible wiring problem that could lead to a fire. (Read more)
Source: The Wall Street Journal

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Cadillac Calls Ritz to Capture Luxury Lost on Young

General Motors Co. Chief Executive Officer Ed Whitacre wants Cadillac to treat customers better. GM brought in trainers from Ritz-Carlton Hotel Co., a unit of Marriott International Inc., to show dealers how to reconnect with customers. (Read more)
Source: Bloomberg

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Quotable
 
"We were going to make drastic changes, but now, we're going to have to go back and continue to improve our network."

    -- Kurt McNeil, Cadillac's U.S. sales chief, on the brand's plan to welcome back hundreds of franchisees, many in small towns, Automotive News, June 14

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. 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. 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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