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Top Stories
NADA Shows It Can Close the Deal
On Finance Bill, Lobbying Shifts to Regulations
June Sales Expected to Beat 2009, But Fall Below May's Results
VW Talks With Jacoby Said to Focus on Departure Terms
Toyota, Nissan Lead Japan Carmakers' Output Rebound
Consumer Spending Rises
Ford Fiesta Arrives at Dealerships
Amid the Digital Revolution, Is Car Culture Running Out of Gas?
Top Stories
NADA Shows It Can Close the Deal

United against new agency, group saves dealer exemption

The National Automobile Dealers Association is back as a muscular force on Capitol Hill. A year ago, the group was slow in coming to the defense of dealers targeted for closing by General Motors and Chrysler. Part of the reason was that its membership was split between rejected stores and those that survived. But NADA looked as if it were on steroids last week as it pushed to exempt nearly all dealers from oversight by a new consumer finance agency. The 17,000-member group took on an extraordinary array of powers -- and won. In the end, NADA prevailed because, with members united, it got rank-and-file Democrats in the House and Senate to buck their leaders and the president. The lobby also won a broad cross section of Republican support, as expected. (Read more)
Source: Automotive News

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On Finance Bill, Lobbying Shifts to Regulations

WASHINGTON — Well before Congress reached agreement on the details of its financial overhaul legislation, industry lobbyists and consumer advocates started preparing for the next battle: influencing the creation of several hundred new rules and regulations. (Read more)
Source: The New York Times

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June Sales Expected to Beat 2009, But Fall Below May's Results

DETROIT -- New-vehicle sales are expected to increase in June over a year ago -- when demand was unusually weak -- with the rise expected to be as much as 17 percent, based on several forecasts released in recent days. (Read more)
Source: Automotive News

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VW Talks With Jacoby Said to Focus on Departure Terms

Volkswagen AG is negotiating with U.S. chief Stefan Jacoby over terms of his departure before he takes over as chief executive officer at Volvo Cars, according to people familiar with the matter. (Read more)
Source: Bloomberg

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Toyota, Nissan Lead Japan Carmakers' Output Rebound

Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. increased global vehicle production in May as Japan’s largest carmakers benefited from rising demand in Asia and the U.S. (Read more)
Source: Bloomberg Businessweek

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Consumer Spending Rises

U.S. consumers resumed spending at a gradual pace in May thanks to a healthy rise in incomes and continued low prices. Consumer spending, a key growth engine for the U.S. economy, was up 0.2% last month after a flat reading in April, the Commerce Department said in a report Monday. (Read more)
Source: The Wall Street Journal

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Ford Fiesta Arrives at Dealerships

The Ford Fiesta subcompact car began arriving at dealerships across the country (last week) after a marketing campaign that began more than a year ago. (Read more)
Source: Detroit Free Press

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Amid the Digital Revolution, Is Car Culture Running Out of Gas?

The automobile, once a rite of passage for American youth, is becoming less relevant to a growing number of people under 30. And that could have broad implications for advertisers in industries far beyond insurance, gasoline and retail. The economy, rather than any long-term secular trend, has affected driving and licensing among younger people, said Paul Taylor, chief economist with the National Automobile Dealers Association. Driving is more likely "delayed than denied," said NADA's Taylor. (Read more)
Source: Automotive News

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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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