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Top Stories
Revived Auto Sector Fuels Factory Output
IRS Extends UNICAP Audit Suspension Period
NADAguides.com Upgrades CPO Center, More
GM Said to Consider Sale of Preferred Stock Along With its IPO
G.M. to Develop Small Engines With China Partner
Volvo to Sharpen Brand Positioning
The Last Car Guy in Congress
Top Stories
Revived Auto Sector Fuels Factory Output

U.S. manufacturers increased their output in July as the auto sector continued to recover, pushing overall industrial production up 1%, but housing starts extended their weakness following the spring expiration of a government tax credit. (Read more)
Source: The Wall Street Journal

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IRS Extends UNICAP Audit Suspension Period

The IRS is extending the current suspension period on new UNICAP audits, which ensures that dealers will have the opportunity to review any forthcoming UNICAP guidance from the IRS before having to decide whether and how to change their inventory methods of accounting. This announcement follows several recent meetings between NADA and senior IRS and Treasury officials in which NADA has urged the IRS to reconsider its application of the complex UNICAP rules to franchised car and truck dealers. (Read more)
Source: NADAFrontPage.com

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NADAguides.com Upgrades CPO Center, More

COSTA MESA, Calif. — In the midst of the recent upswing in certified pre-owned sales and the records being set by various OEMs, NADAguides.com has rolled out a revamped version of its Certified Pre-Owned Car Center. (Read more)
Source: AutoRemarketing

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GM Said to Consider Sale of Preferred Stock Along With its IPO

General Motors Co. may sell preferred stock alongside its initial public offering of common shares, according to a draft of its regulatory filing and two people briefed on the plan. (Read more)
Source: Bloomberg

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G.M. to Develop Small Engines With China Partner

SHANGHAI — Deepening cooperation with one of its major partners in China, General Motors said Wednesday that it planned to jointly develop small, fuel-efficient engines and advanced transmissions here with S.A.I.C. Motor Corp. (Read more)
Source: The New York Times

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Volvo to Sharpen Brand Positioning

BEIJING — Volvo Cars will have to upgrade its image to more clearly define its brand, said Stefan Jacoby, the new chief executive of the Swedish auto maker, which was recently acquired by China's Zhejiang Geely Holding Group Co. (Read more)
Source: The Wall Street Journal

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The Last Car Guy in Congress

MONTEREY, Calif. -- Most of our esteemed legislators on Capitol Hill wouldn't know a piston from a pistol. Then there's John Campbell. (Read more)
Source: Automotive News

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Quotable
 
"After its brush with death last year, this segment of the economy is becoming a bright light in the recovery."

    -- Joel Naroff, of Naroff Economic Advisors, on the auto sector, whose recovery pushed overall industrial production up 1% in July, The Wall Street Journal, Aug. 18

Video Highlights
 

TARP Inspector General Barofsky on Dealer Closures
(MSNBC) 


NADA University: 'We Build Champions'

NADA Marketplace
 


UPDATE: NADA Convention Hotel Rooms Are Selling Out!

Online registration for the NADA convention is brisk! The Westin Market Street, W and Ritz-Carlton hotels have already sold out. The Fairmont (only upgraded tower rooms remain) and InterContinental hotels are close to selling out. Sign up today and take advantage of the early registration rates before Sept. 10. Click here for registration and hotel information. For daily updates, find us on Facebook, Twitter and LinkedIn!



 

Save 45%1 on the HP ProBook 4520s

Get the HP ProBook 4520s Notebook PC for just $579 – instant savings of $459. (Search: WZ265UT)  (T&C) Upgrade for just $170 more and get double the memory, a larger hard drive, built-in GOBI™ wireless broadband2 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 shipping3 and other discounted HP products go to NADA's PC Purchase Program site (member log in required).

1 Instant savings valid through 10/31/2010 or while supplies last. Limit three per customer. Pricing is subject to change without notice. (U.S. only)

2 Mobile broadband requires separately purchased service contract. Check with provider for availability and coverage in your area.

3 All orders must be billed and shipped to a U.S. address. Some restrictions apply.


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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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.