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Wednesday, Nov. 3, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Three of Four Dealer Candidates Wrest House Seats from Incumbents
Election 2010: GOP Captures House, Democrats Hold Senate
Automakers on Track for Best Month of the Year
Auto Industry Rips Feds on Fuel Savings
GM to Get Tax Break Worth Billions
Honda CEO Sees Potential in Electric Car Market
Is GM Really Worth as Much as Ford Right Now?
Automakers Give Vehicles Extreme Makeovers at Vegas Show
Top Stories
Three of Four Dealer Candidates Wrest House Seats from Incumbents

WASHINGTON -- Three of the four current and former dealers bidding to unseat Democratic incumbents in the House of Representatives swept into office on a national wave of Republican votes. (Read more)
Source: Automotive News

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Election 2010: GOP Captures House, Democrats Hold Senate

Republicans wrested control of the House of Representatives from Democrats in Tuesday's midterm elections, but fell just short of winning the Senate. (Read more)
Source: USA Today

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Automakers on Track for Best Month of the Year

Car and truck sales appear on track for their best month yet this year, even as consumers remain uneasy about the economy. (Read more)
Source: Detroit Free Press

Editor’s note: NADA Chief Economist Paul Taylor expects the overall new vehicle sales increase in October 2010 to drive a seasonally adjusted annual rate near or above 12 million units. The Detroit Three will release sales figures later today. Sales of many international brands appear to be up more than 25 percent in October, contributing to a strong showing for the month. “November’s election results should ease the concerns of the business community about the investment environment ahead, and encourage businesses to purchase or lease new vehicles in future months,” Taylor added. “In the meantime, rental and luxury vehicle demand are sustaining sales growth in the market, leading the industry toward 11.5 million new-vehicle sales for the full year 2010. Falling home values are currently one of the greatest impediments to stronger new-vehicle sales in the future.”

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Auto Industry Rips Feds on Fuel Savings

WASHINGTON — Detroit's Big Three automakers and Toyota Motor Corp. contend the Obama administration significantly overstated the fuel efficiency gains that are feasible by the 2025 model year. (Read more)
Source: The Detroit News 

Editor’s note: In Nov. 1 comments to NHTSA and EPA, NADA questioned the plan to implement new fuel economy mandates on a rushed timetable given the risks of using insufficient data, inappropriate assumptions and forecasts and questionable analysis. Even the government acknowledges that its own report, which focuses on potential mandates 15 years down the road, is fraught with uncertainties. Given those uncertainties and the fact that automakers have no more than a vague idea of the fleets they intend to build in 2025, setting standards so far in the future is tantamount to a shot in the dark that – if wrong – will result in job losses and economic inefficiencies.

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GM to Get Tax Break Worth Billions

General Motors Co. will drive away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion. (Read more)
Source: The Wall Street Journal

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Honda CEO Sees Potential in Electric Car Market

MOTEGI, Japan -- The head of Honda Motor Co. said there could be plenty of demand for battery-powered electric cars, making the strongest endorsement yet of the technology that his predecessor had long shunned as impractical and unrealistic. (Read more)
Source: Reuters

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Is GM Really Worth as Much as Ford Right Now?

If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's stock-market value should be similar to its closest competitor, Ford Motor Co. (Read more)
Source: The Associated Press

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Automakers Give Vehicles Extreme Makeovers at Vegas Show

Out with the new and in with the high-performance, super-tricked-out ultra new. That's the mantra at the Specialty Equipment Market Association show in Las Vegas, which (opened Tuesday.) (Read more)
Source: The Detroit News

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Quotable
 
"November's election results should ease the concerns of the business community about the investment environment ahead, and encourage businesses to purchase or lease new vehicles in future months."

    -- NADA Chief Economist Paul Taylor, NADAFrontPage.com, Nov. 3
Video Highlights
 

NADA Chairman Ed Tonkin Speaks to the Automotive Press


NADA Convention Chairman Jack Caldwell: Registration Numbers Ahead of Last Year


 
UPCOMING SEMINARS

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

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

MarketINSIGHT Webinar on Social Media ROI (Nov. 16)

To register for NADA U training, sign in to NADA U, then go to the NADA U Store, select “Webinars & Seminars” under “Products,” and follow the ordering instructions.


NADA Convention

‘Aftermarket Zone’ at the NADA Convention Sells Out

The “Aftermarket Zone” at the 2011 NADA Convention & Expo in San Francisco has sold out. The “Aftermarket Zone,” which has doubled in size since debuting at the 2010 convention, will showcase 15 companies in more than 8,000 square feet of booth space. For more information, click here.


Used Car Guide



Guides | Data | Integrated Solutions | Analysis


Save on HP’s Mini 5103

Need to stay connected to your dealership while you're away? At only $399, the HP Mini 5103 is a cost effective way to stay connected. It has a durable all-metal case and a 95 percent full-size, spill-resistant keyboard. Windows 7 and Microsoft® Office 2010 are preloaded. To learn more about this offer and other discounted HP products go to NADA's PC Purchase Program site (member log in required)

  
Lenovo's PC Discounts

NADA members and their staff can save an additional 10 percent off the sale price of all ThinkPad T series and ThinkPad X series PCs by using eCoupon USX10TX1104 at checkout. This offer expires Nov. 30. 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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