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Monday, July 6, 2010 RSSSEND TO A FRIENDPRINT
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Top 10 Stories
Industry Braces for Even Slower Recovery as June's Sales Disappoint
No Real Auto Recovery Until 2011, 2012: AutoNation CEO
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Pushes Showroom Upgrades
Consumer Agency's Path Will Be Set by First Chief
Dealers Win When Failure is Not an Option
Mazda Appoints New U.S. Sales Chief in Executive Shuffle
Toyota Is Changing How It Develops Cars
New Kid on the Sales Block: McLaren Sets Up Dealerships
Resurrecting Chrysler
Top 10 Stories
Industry Braces for Even Slower Recovery as June's Sales Disappoint

June's disappointing U.S. vehicle sales have pushed some manufacturers and dealers to lower their projections for the rest of the year. But because they got lean to survive last year and have been slow to ramp up production and inventory this year, most can make money even at low volume. (Read more)
Source: Automotive News

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No Real Auto Recovery Until 2011, 2012: AutoNation CEO

Although auto sales are starting to pick up, a real recovery in the industry won't happen for at least a year, Mike Jackson, CEO and chairman of AutoNation, told CNBC on Friday. (Read more)
Source: CNBC

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Chrysler to Set Up Separate Fiat Dealer Network

Detroit -- Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the U.S. later this year. (Read more)
Source: The Associated Press

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Chrysler Pushes Showroom Upgrades

DETROIT -- Chrysler Group wants dealerships to invest up to $55,000 in new furnishings, including electronic kiosks, to showcase each of its brands: Chrysler, Dodge, Jeep and Ram. (Read more)
Source: Automotive News

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Consumer Agency's Path Will Be Set by First Chief

More than 400 pages of legislation detail the duties and powers of the Consumer Financial Protection Bureau that Congress is set to create. But the first director of the powerful new agency will play a critical role in determining how it works. (Read more)
Source: The Wall Street Journal

Editor's Note: NADA's Legislative Affairs office is urging dealers to thank Members of Congress who supported preserving affordable auto finance as part of the Wall Street reform bill while they are in their home districts for the Congressional recess this week.

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Dealers Win When Failure is Not an Option
By Arlena Sawyers

A few weeks ago I chronicled Nissan dealer Doug Wolford's efforts to get anybody and everybody fired up about the importance of exempting car dealers from oversight by a new federal consumer finance agency. I didn't know it at the time but Wolford was just getting started and failure was not an option.  (Read more)
Source: Automotive News

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Mazda Appoints New U.S. Sales Chief in Executive Shuffle

LOS ANGELES -- Mazda North American Operations named a regional manager as its new U.S. sales chief and created a new position to chart retail strategy as part of an executive shuffle announced this week. (Read more)
Source: Automotive News

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Toyota Is Changing How It Develops Cars

DETROIT — Toyota Motor Corp. is stretching out how long its new models are tested before they go into production and reducing the number of outside engineers it uses in a bid to overcome a spate of quality problems. (Read more)
Source: The Wall Street Journal

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New Kid on the Sales Block: McLaren Sets Up Dealerships

The McLaren Group recently established a North American subsidiary based in Midtown Manhattan, as well as a small nationwide network of dealers. (Read more)
Source: The New York Times

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Resurrecting Chrysler

Not every captain of industry quotes the guy who invented communism. Then there is Sergio Marchionne. "With apologies to Karl Marx, an economic recovery is the opiate of dysfunctional industries," says Mr. Marchionne, who serves as the CEO of two companies, Italy's Fiat and America's Chrysler, in the often-dysfunctional auto industry. (Read more)
Source: The Wall Street Journal

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Quotable
 
"The key will be to continue our self-discipline and humility and rigor when the boom times return. That will be the ultimate test of our capability to survive."

    -- Sergio Marchionne, CEO of Italy's Fiat and America's Chrysler, on the U.S. auto industry and the danger it will "retreat into denial once more" when sales improve, The Wall Street Journal, July 3

Video Highlights
 

Charitable Foundation's Mallon on Dealers Giving Back (Comcast Newsmakers)
NADA Marketplace
 

NADA University: 'We Build Champions'


 
NADA University Expands On-Site Seminars to West Coast; Announces Updated Webinar Schedule

NADA University, the new comprehensive education and training resource for dealers and their staffs, has expanded its on-site seminars to the West Coast, and has announced its schedule of training webinars for the second half of 2010. The new West Coast home for NADA University’s on-site seminars is Cerritos College in Long Beach, Calif. The recently opened Automotive Partners Building, a state-of-the-art, 10,000 sq. ft. training facility, was funded in part by the Southland Motor Car Dealers Association and Greater Los Angeles New Car Dealers Association. (Read more)


 

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).


Hot Summer and Hot Savings from Lenovo

The ThinkPad Edge 14" laptop with Intel processor reduced from $984 is now only $591.89 using eCoupon USXSUMMERSAVINGS. NADA Members and their staff can also save an additional 5 percent off the award-winning ThinkPad T410, the Thin and light ThinkPad X201 and the New ThinkPad Edge 14. This offer ends July 31. 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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