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Tuesday, June 15, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Frank Aims to Ensure House Is Heard
Letter to the Editor: Auto Dealers Help Consumers
GM, U.S. House Republican Leader at Odds Over Ohio Dealership Arbitration
Chrysler Picked Wrong N.Y. Dealer to Close, Arbitrator Rules
Whitacre Seeks 'Bigger, Bolder' GM IPO as 32 Offerings Shelved
6-Week Slide in Gasoline Prices May be Coming to a Halt
White House Auto Recovery Official to Step Down
UAW President Says Auto Industry Is Rebounding, Credits Obama
Top Stories
Frank Aims to Ensure House Is Heard

The conference committee finalizing the financial regulatory overhaul legislation may be using the Senate’s language as the base text for negotiations, but the panel’s leader made clear Monday that the House will make its imprint on the talks. (Read more)
Source: Congressional Quarterly

Editor's Note: This week, the Wall Street reform bill conference committee will begin to negotiate provisions of the final legislation. It is critical that dealers and their employees reach out to members of Congress to urge them to support inclusion of the Brownback/Campbell language in the final conference report. (Click here for a list of conferees, along with their office phone and fax numbers.) The Brownback/Campbell language is balanced, preserving the ability for auto dealers to provide affordable, optional, dealer-assisted financing to customers, while covering all auto loans and providing for consumer protection. For more information, visit www.nada.org/KeepCreditAffordable. If you have updates on a conferee's position, please email legislative@nada.org.

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Letter to the Editor: Auto Dealers Help Consumers
By Les Eck, Dealer, Rusty Eck Ford , Wichita, Kan.

Consumers who need affordable financing could be hurt the most if dealers can't help them shop for their terms. We don't sell cars anymore; we help consumers get them financed. (Read more)
Source: Automotive News

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GM, U.S. House Republican Leader at Odds Over Ohio Dealership Arbitration

WASHINGTON -- A top U.S. lawmaker and GM seem to be at odds over whether an Ohio dealer has been reinstated. House Minority Leader John Boehner, R-Ohio, on Friday had been told by "a high-ranking GM official" that Rose Chevrolet of Hamilton, Ohio, had prevailed in arbitration, a spokesman said. (Read more)
Source: Automotive News

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Chrysler Picked Wrong N.Y. Dealer to Close, Arbitrator Rules

Chrysler Group made the wrong choice in deciding to keep open one New York state dealership and reject another, said an arbitrator who relied on performance data for both stores. (Read more)
Source: Automotive News

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Whitacre Seeks 'Bigger, Bolder' GM IPO as 32 Offerings Shelved

Ed Whitacre has General Motors Co. in better shape now than it’s been in years. Pushing ahead with an initial public offering this year may be tougher to manage. (Read more)
Source: Bloomberg

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6-Week Slide in Gasoline Prices May be Coming to a Halt

Gasoline prices have dropped about 8% since hitting $2.93 a gallon on May 6 on the back of lower oil prices. Pump prices fell 0.3 cent to a national average of $2.698 a gallon Monday, according to AAA, Wright Express and Oil Price Information Service. (Read more)
Source: The Associated Press

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White House Auto Recovery Official to Step Down

WASHINGTON -- The leader of the White House's effort to help cities and communities deal with the decline of the U.S. auto industry is departing to return to academia. (Read more)
Source: The Associated Press

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UAW President Says Auto Industry Is Rebounding, Credits Obama

United Auto Workers President Ron Gettelfinger, ending eight years as the union’s leader, said the U.S. auto industry is recovering and credited President Barack Obama with saving it. “There is strong evidence that the worst is behind us and the industry has clearly rebounded,” he said (Monday). (Read more)
Source: Bloomberg

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Quotable
 
"We don't sell cars anymore; we help consumers get them financed. If we can't get them financed, we don't sell cars. Fewer car sales will kill our economy like last year."

    -- Les Eck, owner of Rusty Eck Ford, Wichita, Kan., in a letter to the editor of Automotive News, arguing "Auto Dealers Help Consumers," 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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