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Top Stories
Chrysler Dealers to Hear Fiat Pitch
August Auto Sales Sluggish
Consumer Spending in U.S. Rises More Than Forecast
Late Payments on Auto Loans Fall in 2nd Quarter
Worthless No More
Nissan vs. Hyundai: The Race to No. 2 Asian Automaker is On
Can Porsche Shine at Volkswagen?
Top Stories
Chrysler Dealers to Hear Fiat Pitch

DETROIT — About 400 Chrysler Group LLC dealers will gather in downtown Detroit on Monday to hear how they could help bring the Fiat brand back to the U.S. after a nearly 30-year absence. (Read more)
Source: The Wall Street Journal

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August Auto Sales Sluggish

With a still-critical last weekend of sales left that could change the outlook, August U.S. auto sales are expected to offer more evidence of a slower-than-expected industry recovery as General Motors Co prepares its IPO. (Read more)
Source: Reuters

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Consumer Spending in U.S. Rises More Than Forecast

Consumer spending in the U.S. rose more than forecast in July, exceeding gains in incomes, a sign the improvement will not last without more jobs. (Read more)
Source: Bloomberg

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Late Payments on Auto Loans Fall in 2nd Quarter

NEW YORK — In another sign that borrowers have taken tighter control of their debt, late payments on auto loans dropped in the second quarter. (Read more)
Source: The Associated Press

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Worthless No More

Just a few years after some Ford dealers wanted to sell or split, blue-sky values rise

Two years ago, most Ford stores commanded little or no "blue sky" -- the intangible value of a dealership that reflects its profit-making potential. But with Ford's five consecutive quarters of profits, several updated products and general positive news, blue sky has jumped for Ford dealerships. (Read more)
Source: Automotive News

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Nissan vs. Hyundai: The Race to No. 2 Asian Automaker is On

NASHVILLE — Toyota's tarnished image has helped Nissan gain ground among Asian carmakers this year, but a U.S. sales surge by fast-moving South Korean automaker Hyundai may knock the carmaker down a notch just as it starts an ad campaign ... to move up. (Read more)
Source: The Tennessean

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Can Porsche Shine at Volkswagen?

LEIPZIG, Germany — For most of the last 60 years, Porsche and Volkswagen have been like a couple who never quite moved in together. Now, with Volkswagen poised to acquire Porsche — in a deal announced a year ago that values Porsche at 12.4 billion euros ($15.6 billion) — many in the auto industry wonder whether they can make a marriage work. (Read more)
Source: The New York Times

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Quotable
 
"Consumers are very savvy, and they're recognizing good deals when they see them."

    — Peter Turek, automotive vice president with credit reporting agency TransUnion, on the uptick in auto loan originations as buyers take advantage of automakers' aggressive sales promotions, The Associated Press, Aug. 30

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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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