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Top 10 Stories
Detroit Refueled: American Carmakers Are Getting Another Look
U.S. Sales Recovery Will Be Plodding, Fed Economist Says
Credit Is Good? Then Deals Abound
GM's Whitacre Sees IPO Share Price in $20-25 Range
Ford Slims Down Pickups
Hyundai Took on Toyota. Now for BMW.
Chevy Plans Mass-Marketing for Volt, Despite Limited Supply
Montreal Automobile Dealers Corporation Set to Offer NADA Training Programme Locally, in French
Cars Born to Run With Smartphone Apps
Opinion: Bank, Auto Rescues Aren't Getting the Credit They Deserve
Top 10 Stories
Detroit Refueled: American Carmakers Are Getting Another Look

It wasn’t long ago that American consumers were wondering whether Detroit’s troubled auto companies would survive, much less prosper again. Now, with Ford leading the way, Detroit is recapturing the interest of many consumers who ditched domestic brands in favor of Asian and European models. (Read more)
Source: The New York Times

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U.S. Sales Recovery Will Be Plodding, Fed Economist Says

LAS VEGAS -- A painfully slow recovery in U.S. auto sales will likely continue next year, but beyond that, annual sales will get back to the range of around 15 million units “sooner rather than later,” a Federal Reserve economist says. (Read more)
Source: Automotive News 

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Credit Is Good? Then Deals Abound

As the auto industry claws its way back from the dark days of the recession, financing rates continue to fall for new cars, making them competitive against used cars, and leasing deals are returning. Consumers with good credit histories are most likely to benefit as the model year flips to 2011, lending specialists say. (Read more)
Source: The New York Times

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GM's Whitacre Sees IPO Share Price in $20-25 Range

Shares of General Motors Co are likely to be priced between $20 and $25 in the initial public offering by the automaker in November, Chairman Ed Whitacre said on Wednesday, a move that would make its shares more attractive to retail investors. (Read more)
Source: Reuters

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Ford Slims Down Pickups

The Dearborn, Mich. auto maker announced Thursday that the 2011 model year F-150 pickup is projected to deliver 16 miles per gallon in the city and 23 mpg on the highway for its two-wheel-drive vehicles with a new 3.7-liter V6 engine. (Read more)
Source: The Wall Street Journal 

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Hyundai Took on Toyota. Now for BMW.

The idea that Hyundai could compete with luxury automakers would have seemed absurd two decades ago, when its low-quality cars made the South Korean company a laughingstock in the United States. These days, rivals know not to underestimate Hyundai and its affiliate, Kia, which have been posting record sales during one of the auto industry’s most difficult periods. (Read more)
Source: The New York Times

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Chevy Plans Mass-Marketing for Volt, Despite Limited Supply

DETROIT -- Despite limited availability for the Volt plug-in sedan, Chevrolet is launching an aggressive mass-marketing campaign for the vehicle this month, Tony DiSalle, Volt product marketing director, told an audience here (Wednesday). (Read more)
Source: Automotive News

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Montreal Automobile Dealers Corporation Set to Offer NADA Training Programme Locally, in French

Renowned leadership programme a first for Quebec auto dealers

MONTREAL - The Montreal Automobile Dealers Corporation (MADC), in partnership with NADA University, the training division of the National Automobile Dealers Association (NADA), the association of new vehicle dealerships in the United States, will be offering-for the first time-courses adapted from NADA's renowned Dealer Academy in Montreal and in French. (Read more)
Source: Montreal Automobile Dealers Corporation

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Cars Born to Run With Smartphone Apps

Most auto dealers will tell you that more buyers ask about how to connect an iPhone to a car or about the latest collision avoidance systems than they do about how quickly a car goes from zero to 60. So automakers are pumping up the technology. (Read more)
Source: The New York Times 

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Opinion: Bank, Auto Rescues Aren't Getting the Credit They Deserve
By David Ignatius

Constant repetition of anti-government rhetoric in our political echo chamber has dulled Americans into overlooking an important and perhaps surprising fact: We have just lived through one of the more notable successes of government intervention in modern times -- the auto and bank rescues that almost surely saved the country from another Great Depression. The truth is that the government rescue of the auto and finance industries was ... a necessary condition for the economic recovery that's slowly gathering steam. (Read more)
Source: The Washington Post

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Quotable
 
"Ten years ago, the younger, more cutting-edge buyer was mostly interested in cars from Japan and Germany. That is changing and changing fast. Detroit all of a sudden seems fresher than the competition.”

     -- Art Spinella, president of the consulting firm CNW Research in Bandon, Ore., on how Detroit is recapturing the interest of many consumers who ditched domestic brands in favor of Asian and European models, The New York Times, Oct. 12


 
UPCOMING SEMINARS

NADA University's Executive Summit to Improve Online Sales & Marketing in Las Vegas (Oct. 18-20)

ADESA/NADA University Present "Free" 'Industry Insight' Series at ADESA Golden Gate in Tracy, Calif. (Oct. 21)

Webinar: Transitioning to New Model Privacy Notice (Oct. 27)

Advanced Service Management in Cerritos, Calif. (Nov. 1–5)  

Webinar: The New Risk-Based Pricing Rule (Nov. 3)

NADA's 'Dealer Day' Conference at 2010 SEMA Show in Las Vegas (Nov. 3)

Advanced Manage by the Numbers in Cerritos, Calif. (Nov. 8–12)


NADA Convention

2011 Workshop Program Features New 'Online' Track

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Used Car Guide



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NADA Member Wins HP Mini Notebook

Congratulations to D. Ward Drennen, III, of Don Drennen Motor Co Inc. in Birmingham, Ala., the winner of NADA's drawing for an HP Mini Notebook for responding to an e-mail survey on how dealers can make the most of technology. To learn more about discounted HP products go to NADA's PC Purchase Program site (member log in required)

 
Lenovo's Laptop Discounts

NADA members can use eCoupon USXOCTSAVINGS at checkout and save an additional 5% off the sale price of the ThinkPad L Series and the ThinkPad X Series and 10% off the sale price of the X Series Tablet. This offer expires Oct. 31. To learn more about this offer and other discounted Lenovo products go to NADA's PC Purchase Program site (member log in required)


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