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Top Stories
NADA: Financial Reform Law Protects Consumers and Keeps Auto Financing Affordable, Accessible
White House Hopes New Law Will 'Pressure' Auto Dealers on Fair Lending
Lawmakers to Vote on Plug-in Hybrid Bill Today
Estate Tax To Return in 2011, And It Could Hurt Ordinary Folks
Chrysler Financial Said to Explore Return to Lending
Fiat Reports Second-Quarter Profit on Truck Rebound
2011 Ford Explorer Expected to Increase Sales
Top Stories
NADA: Financial Reform Law Protects Consumers and Keeps Auto Financing Affordable, Accessible

All auto loans and lending sources will see additional oversight

WASHINGTON – With President Obama’s signature, the most significant overhaul of the nation’s financial system is now law and with it, consumers will still be able to find competitive financing options at auto dealerships. Ed Tonkin, chairman of the National Automobile Dealers Association (NADA), praised the efforts of lawmakers who fought to preserve the existing regulatory structure for dealer-assisted financing, which protects consumers and ensures affordable auto credit. (Read more)
Source: NADAFrontPage.com

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White House Hopes New Law Will 'Pressure' Auto Dealers on Fair Lending

WASHINGTON -- A top White House economic adviser said Tuesday the administration still believes a massive financial overhaul bill will "pressure" the nation's 18,000 new-car auto dealers to avoid excessive fees in arranging vehicle loans, even though dealers won a key skirmish. (Read more)
Source: The Detroit News

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Lawmakers to Vote on Plug-in Hybrid Bill Today

WASHINGTON -- The auto industry and electric utilities asked President Barack Obama on Tuesday to set up a task force to promote plug-in hybrids before a Senate committee vote today on an $11-billion plug-in hybrid bill that lacks industry backing. (Read more)
Source: Detroit Free Press

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Estate Tax To Return in 2011, And It Could Hurt Ordinary Folks

The federal estate tax is scheduled to return with a vengeance on Jan. 1, 2011, imposing a levy of up to 55% on estates valued at more than $1 million. And the same congressional paralysis that allowed the tax to expire in 2010 could thwart efforts to pare it back, estate planning attorneys say. (Read more)
Source: USA TODAY

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Chrysler Financial Said to Explore Return to Lending

Chrysler Financial Co. may resume large-scale loans to consumers and dealers after losing its status as the main lender to its namesake dealers last year, said a person familiar with the company’s plan. (Read more)
Source: Bloomberg

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Fiat Reports Second-Quarter Profit on Truck Rebound

Fiat SpA, the carmaker that acquired 20 percent of Chrysler Group LLC last year, reported its first profit in three quarters on higher sales of Iveco trucks and New Holland tractors. (Read more)
Source: Bloomberg

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2011 Ford Explorer Expected to Increase Sales

DEARBORN, Mich. -- Ford Motor Co. expects a boost in Explorer sales with the new 2011 edition, which will be unveiled Monday, but remains tight-lipped on its volume projections. (Read more)
Source: The Detroit News

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Quotable
 
"Car buyers will ultimately benefit from the new law because it preserves dealer-assisted financing as a convenient and affordable option for consumers."

    -- NADA Chairman Ed Tonkin, praising the efforts of lawmakers who fought to preserve the existing regulatory structure for dealer-assisted financing, which protects consumers and ensures affordable auto credit, NADAFrontPage.com, July 21

Video Highlights
 

Tonkin: Dealers Made the Difference on Financial Reform


NADA University: 'We Build Champions'

NADA Marketplace
 


Online Registration for 2011 Convention & Expo Opens July 26

Mark your calendars. Registration and housing for the 2011 Convention & Expo Feb. 5-7 in San Francisco will open next Monday, July 26. Be among the first to register and  take advantage of our “early bird" rates and assure your pick of hotels! This year's event promises to be unsurpassed. For daily updates, find us on Facebook, Twitter, and LinkedIn!


 

Pay Only $499 for the HP Pro 3005

The HP Pro 3005 is designed to change with your business. Available ports, slots, and bays allow you to configure your PC to meet your needs today and then expand your capabilities when the time is right.  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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