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Top Stories
Initial House 'Offer' on Wall Street Bill Includes Language That Preserves Dealer-Assisted Financing
Dodd Wary of House's Changes to Overhaul
Driven to Despair
GM Hopes New Cruze Controls Small Car Market
California's Costly Electric-Car Push
Some Mazda Dealers Shut Out of Off-Lease Site
Editorial: Don't Leave Lincoln Dealers Alone
Alfa at 100: Prewar to Post-Graduate
Top Stories
Initial House 'Offer' on Wall Street Bill Includes Language That Preserves Dealer-Assisted Financing

WASHINGTON – In a crucial step forward today in conference committee negotiations, Congressman Barney Frank, D-Mass., chairman of the House Financial Services Committee, included the Brownback/Campbell auto dealer language in the House’s initial offer to the Wall Street reform bill. (Read more)
Source: NADAFrontPage.com

Editor's Note: Dealers and dealership employees—especially those represented by a conferee—must weigh in immediately to urge conferees to vote in favor of the House offer. Ask them to keep in place existing and effective regulation that currently provides consumers with competitive auto financing choices. (Click here for a list of phone and fax numbers of conferees.) For more information, visit www.nada.org/keepcreditaffordable. If you find out information on a conferee’s position of the auto dealer language, please e-mail legislative@nada.org.

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Dodd Wary of House's Changes to Overhaul

The most contentious issues surrounding the effort to overhaul financial services regulation are on the conference committee’s to-do list this week, and as the debate plays out, Senate leaders may have the upper hand. (Read more)
Source: CQ

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Driven to Despair

The downturn has taken its toll on franchisees of all stripes. But few have been hit harder than car dealers. (Read more)
Source: The Wall Street Journal

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GM Hopes New Cruze Controls Small Car Market

ANN ARBOR, Mich. -- General Motors thinks it can finally sell a good small car. The company, which has a past littered with compact wrecks like the unsafe Corvair and rusty Vega, will roll out the Chevrolet Cruze in September - betting it can attract younger drivers and succeed in the most competitive segment of the worldwide auto market. (Read more)
Source: The Associated Press

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California's Costly Electric-Car Push

California's early lead in preparing for electric cars has made it the place experts are watching to see if buyers embrace a greener form of transportation. (Read more)
Source: The Wall Street Journal

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Some Mazda Dealers Shut Out of Off-Lease Site

Some Mazda dealers have been stymied in accessing online information about their lease customers who financed vehicles through Ford Motor Co.'s finance arm. The problem raises questions about who has access to customer information at brands after corporate ties are severed, such as Mazda at Ford and Saab at General Motors Co. (Read more)
Source: Automotive News

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Editorial: Don't Leave Lincoln Dealers Alone

As Mercury dealers are learning, there's no easy way to kill a brand. Dealers' revenue falls. Employees are let go. Customers drift to other brands. So Ford Motor Co. did the right thing to give most Mercury dealers until December -- instead of June -- to appeal the automaker's settlement offers. (Read more)
Source: Automotive News

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Alfa at 100: Prewar to Post-Graduate

Who cares, one might reasonably ask, about the centennial of an automaker that stopped selling cars in the United States 15 years ago and didn’t sell many in the decades before that? Yet if it is Alfa Romeo for whom the birthday cake has been baked, it seems a lot of Americans do care — particularly the enthusiasts, collectors and racing fans who hold that Italian marque especially close to their hearts. (Read more)
Source: The New York Times

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Quotable
 
“I’ve got to craft a proposal here that can survive. I have to trust my judgment on this in order to succeed in getting this bill adopted.”

     -- Senate Banking Chairman Christopher J. Dodd, D-Conn., on Senate Democrats' challenge in cobbling together enough votes to consider final financial reform legislation, CQ, June 18

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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