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Thursday, Aug. 26, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Auto Sales Likely to Continue Slowing
Lenders Loosen Car-Loan Criteria
Ford Exec: Double Dip Unlikely
Jobless Claims in U.S. Decrease More Than Forecast
Fiat's Marchionne Says Ties With U.S. Dealers Never Been Better
In a Reversal, Chevy Tries Richer Prices
Selling Cars On Twitter
Top Stories
Auto Sales Likely to Continue Slowing

Without clunkers boost, August slide from 2009 expected

The recovery in auto sales is sputtering, with forecasters expecting August sales to show a continuation of the uncertain trend seen since March. (Read more)
Source: The Detroit News

Editor's Note: NADA Chief Economist Paul Taylor points out that 10 states buck the drift down in housing values and show 12-month gains for home prices in the moderate range. From West to East, these are Alaska, California, Texas, Oklahoma, Kansas, North Dakota, Iowa, Arkansas, Louisiana and Virginia. The Southeast and Mid-Atlantic states are generally down by a few percent or less, but Florida is down 6 percent. Massachusetts, New York, Pennsylvania, West Virginia, Kentucky, Nebraska and Colorado are down by less than a percent in the second quarter on a 12-month basis. "It appears bottom is starting to be found in many states if the steady stream of foreclosures and short-sales will simply slow in coming months," says Taylor. "Idaho, Nevada, Arizona and Florida remain the states with the most difficulty due to backed-up inventory of housing."

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Lenders Loosen Car-Loan Criteria

DETROIT — Lenders are more willing to extend new car loans to buyers with subpar credit scores, a sign that could bode well for the U.S. auto industry because it puts more customers in a position to buy vehicles, according to a study to be released Thursday. (Read more)
Source: The Wall Street Journal

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Ford Exec: Double Dip Unlikely

The head of Ford Motor Co.'s U.S. operations said Wednesday he doesn't foresee a double-dip in the economy but is keeping a close eye on how the recent spate of bad economic news is affecting consumer confidence. (Read more)
Source: The Wall Street Journal

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Jobless Claims in U.S. Decrease More Than Forecast

Applications for unemployment benefits in the U.S. fell more than forecast last week, easing concern the labor market was rapidly deteriorating as the economy slows. (Read more)
Source: Bloomberg

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Fiat's Marchionne Says Ties With U.S. Dealers Never Been Better

Fiat SpA Chief Executive Officer Sergio Marchionne said the Italian carmaker’s relations with U.S. dealerships “have never been better” and applications to sell Fiats in the U.S. have exceeded the company’s target. (Read more)
Source: Bloomberg

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In a Reversal, Chevy Tries Richer Prices

For years, General Motors Co. has struggled to make money on small sedans and coupes. GM typically equipped its small cars with few standard features so it could undercut the competition on price, then larded on discounts and rebates for good measure—resulting in thin or nonexistent profits. GM now is trying to reverse that strategy. (Read more)
Source: The Wall Street Journal

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Selling Cars On Twitter

Dealers take to social media, but are car shoppers following?

Car dealerships are turning to Twitter as their new media frontier, hoping to transform a vehicle for social chatter into a platform for car sales. But this experiment with the social medium is still a work in progress. (Read more)
Source: AOL Autos

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Quotable
 
"We need it to be solidly flat or up. That's not happening."

     -- Paul Taylor, NADA chief economist, who says the weak housing market is holding back the recovery in auto sales, The Detroit News, Aug. 26

Video Highlights
 

NADA University: 'We Build Champions'
NADA Marketplace
 




Experient, Inc. is the NADA Convention’s Official Housing Bureau; Beware of Imitators

Experient, Inc., through an arrangement with NADA, is the official housing bureau for the 2011 NADA Convention & Expo in San Francisco. If you’re planning to register for the convention and reserve a hotel room, visit NADAConventionandExpo.org. NADA has NOT authorized any other organization or company to make hotel reservations for the convention. Emails, phone calls or other communications from HDMC Group or any other third parties offering hotel reservations or other convention services in San Francisco are not authorized by NADA. For daily updates, find us on Facebook, Twitter and LinkedIn!



 

Save with HP’s Trade-in Program

It pays to trade – any product, any brand. Purchase a new HP product and get cash back – up to $100! NADA members can also save $76 on the HP Compaq 6005 Pro Ultra-Slim Desktop with additional memory. This desktop comes with a three-year warranty on parts, labor, and on-site service. To learn more about this offer and other discounted HP products go to 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% 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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