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Top Stories
President to Promote Auto Bailout as a Success
Republicans Block Small-Business Lending Measure
Penske 2Q Profit Doubles on Auto Sales Recovery
NADA Releases '09 Used-Vehicle Trends for Franchised Dealers
Volkswagen's Audi First-Half Profit Surges 46% on Q5, A8 Models
Honda Posts Record Profit, Mazda Reduces Loss
Surprise: Sales of Big SUVs Surging Faster Than Small Cars
Lithia to Pass on Fiat Stores
Top Stories
President to Promote Auto Bailout as a Success

WASHINGTON — When President Obama steps into a General Motors plant on Friday morning — as the majority shareholder surveying the government’s investment in a company the White House called “moribund” just 18 months ago — he will be doing more than just examining the first models of the all-electric Volt that began rolling off the production line this week. (Read more)
Source: The New York Times

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Republicans Block Small-Business Lending Measure

Senate Republicans blocked a measure that would cut taxes and ease credit for small businesses, saying they objected that Democrats refused to consider their amendments to extend tax breaks and cap federal spending. (Read more)
Source: Bloomberg

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Penske 2Q Profit Doubles on Auto Sales Recovery

BLOOMFIELD HILLS, Mich. -- Auto dealership chain Penske Automotive Group Inc. said Thursday its second-quarter net income more than doubled on improving sales of cars and trucks. (Read more)
Source: The Associated Press

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NADA Releases '09 Used-Vehicle Trends for Franchised Dealers

McLEAN, Va. — The average price that new-car dealers fetched for a used-vehicle on the retail market in 2009 dipped about 1.5 percent from the prior year, according to the NADA DATA 2010 report compiled by the National Automobile Dealers Association. (Read more)
Source: AutoRemarketing

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Volkswagen's Audi First-Half Profit Surges 46% on Q5, A8 Models

Volkswagen AG’s Audi luxury division said its first-half profit surged 46 percent as the Q5 sport-utility vehicle and A8 sedan won buyers in China and the U.S. (Read more)
Source: Bloomberg

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Honda Posts Record Profit, Mazda Reduces Loss

TOKYO -- Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers. (Read more)
Source: The Associated Press

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Surprise: Sales of Big SUVs Surging Faster Than Small Cars

Automakers are tantalizing the market with 40-mpg small cars and 30-mpg sporty cars. But guess what? The full-size SUV market segment — the bane of mileage-minders — is where the action is. (Read more)
Source: USA TODAY

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Lithia to Pass on Fiat Stores

Lithia Motors Inc., which receives almost 30 percent of its sales from Chrysler Group brands, doesn't plan to seek much Fiat business as the Italian automaker prepares to reenter the U.S. market. (Read more)
Source: Automotive News

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Quotable
 
“We are going to get all the money back that we invested in those car companies."

    -- President Barack Obama, on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return, Bloomberg, July 30

Video Highlights
 

TARP Inspector General Barofsky on Dealer Closures
(MSNBC) 


NADA University: 'We Build Champions'

NADA Marketplace
 


NADA DATA 2010 Now Available




Online Registration for 2011 Convention & Expo Now Open!

Early registration and housing for the 2011 NADA Convention & Expo is officially open! Join your peers in San Francisco, Feb. 5-7. There are many new and exciting workshops, speakers and exhibitors. Click here to register. 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).


Lenovo Offers August Specials

NADA members and their staff can now save an additional 5 percent off the sale price of ThinkPad T510, ThinkPad L512 and ThinkPad Edge 15 and 10 percent off the sale price of the ThinkPad W510. Use eCoupon USXBACK2SCHOOL at checkout. This limited-time offer expires Aug. 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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