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Top Stories
Barofsky: Washington Post Gets It Wrong on Dealer Cuts
Mum No More: Marchionne to Address Chrysler Dealers
Whitacre: Massive Makeover Reshapes GM's Retail Landscape
Many Mercury Dealers Hold Off on Settlements
NADA Used Car Guide: Depreciation Trends Stable, Used Values Climb
Revenue Rises, and Chrysler Narrows Its Loss in Quarter
BMW Sales Rose 9.1% in July on China, U.S., U.K. Demand
GM IPO: Tough Sell for Obama Administration?
Top Stories
Barofsky: Washington Post Gets It Wrong on Dealer Cuts

(The following is a letter-to-the-editor of the Washington Post by Neil M. Barofsky, special inspector general for the Troubled Assets Relief Program, countering the newspaper's criticism of his office's findings on dealership closures.)

The July 20 editorial about our automobile dealership termination audit ("Treasury's back-seat driver") misapprehended both my office's proper role and the audit's findings. (Read more)
Source: The Washington Post

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Mum No More: Marchionne to Address Chrysler Dealers

DETROIT -- Chrysler Group CEO Sergio Marchionne plans to address dealers en masse for the first time since taking control of the company after it emerged from bankruptcy in 2009, Chrysler and dealer sources say. (Read more)
Source: Automotive News

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Whitacre: Massive Makeover Reshapes GM's Retail Landscape

General Motors Co.'s remaining U.S. dealers are in the midst of the largest store makeover in the company's history, CEO Ed Whitacre said. (Read more)
Source: Automotive News

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Many Mercury Dealers Hold Off on Settlements

Many dealers aren't sure of their options but know they don't like the offers. Of the 1,712 Mercury dealerships, about 700 have signed Ford's compensation agreement, the automaker says. (Read more)
Source: Automotive News

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NADA Used Car Guide: Depreciation Trends Stable, Used Values Climb

McLEAN, Va. — Depreciation trends have continued to be relatively steady, according to NADA Used Car Guide, which said the majority of used-vehicle sub-segments have only seen a "minor" softening of their values. (Read more)
Source: AutoRemarketing

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Revenue Rises, and Chrysler Narrows Its Loss in Quarter

DETROIT — Chrysler said on Monday that it narrowed its loss in the second quarter to $172 million and recorded its second consecutive operating profit as sales and revenue increased. (Read more)
Source: The New York Times

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BMW Sales Rose 9.1% in July on China, U.S., U.K. Demand

Bayerische Motoren Werke AG, the world’s largest luxury-car maker, said sales rose 9.1 percent in July, spurred by demand from China, the U.S. and the U.K. (Read more)
Source: Bloomberg

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GM IPO: Tough Sell for Obama Administration?

NEW YORK/DETROIT - U.S. taxpayers were already mad about getting stuck with a $50 billion tab for bailing out a poorly managed General Motors. Now, the Obama administration will try to convince a skeptical public that a sale from a better-run GM is in their best interests. (Read more)
Source: Reuters

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Quotable
 
"Treasury conducted no independent analysis to support the theory ... that accelerating dealership closings was necessary for the manufacturers' survival."

   
-- Neil M. Barofsky, special inspector general for the Troubled Assets Relief Program, in a letter-to-the-editor of The Washington Post countering the newspaper's criticism of his office's findings on dealership closures, Aug. 9
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 NADA 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!

NADA Convention Hotels Are Filling Up Quickly

Online registration for the NADA convention is brisk! The Westin San Francisco Market Street hotel has already sold out and other hotels are filling up quickly. Sign up today and take advantage of the early registration rates before Sept. 10. Click here for registration and hotel information.


 
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Get the HP ProBook 4520s Notebook PC* for just $579 – instant savings of $491. (Search: WZ265UT)  Upgrade for just $170 more and get double the memory, a larger hard drive, built-in GOBI™ wireless broadband** and a free notebook case. (Search: WZ254UT). HP offers FREE online classes with the purchase. Visit HP’s Learning Center for available classes. To learn more about this offer, free U.S. ground shipping*** and other discounted HP products go to NADA's PC Purchase Program site (member log in required).

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Lenovo Offers August Specials

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