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Top Stories
Automakers Expect Sales Gains for Rest of 2010
Chrysler Proves It's Still in Race
GM Says Profit Before Interest, Taxes Could Reach $19 Billion in IPO Pitch
Toyota Raises Full-Year Forecast, Predicts Second-Half Plunge
U.S. Added Jobs Last Month for First Time Since May
Dow Hits Pre-Crisis Level
2011 Annual Fuel Economy Guide Now Available
Opinion: Some Relief for the Industry
Top Stories
Automakers Expect Sales Gains for Rest of 2010

Economic picture looks brighter

With the country's midterm elections in the rearview mirror and slightly better economic data emerging, automakers are increasingly confident that auto sales will continue to increase for the rest of the year. (Read more)
Source: Detroit Free Press 

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Chrysler Proves It's Still in Race

Automaker exceeds financial goals but skeptics say it's not yet out of the woods

One year after Chrysler Group LLC outlined an ambitious, five-year business plan, the automaker is proving its skeptics wrong. The Auburn Hills-based company is exceeding financial goals, investing more heavily in products and plants than expected, and restoring jobs and morale. (Read more)
Source: The Detroit News

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GM Says Profit Before Interest, Taxes Could Reach $19 Billion in IPO Pitch

General Motors Co., pitching investors on its initial public offering, said earnings before interest and taxes may rise to as much as $19 billion in what it called a “high cycle” for the global automobile industry. (Read more)
Source: Bloomberg

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Toyota Raises Full-Year Forecast, Predicts Second-Half Plunge

Toyota Motor Corp., the world’s largest carmaker, raised its full-year profit forecast as sales in Asia helped the company beat its first-half plan. (Read more)
Source: Bloomberg

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U.S. Added Jobs Last Month for First Time Since May

The United States economy added 151,000 jobs in October, a welcome change after four months of job losses but still not enough to make a dent in unemployment. (Read more)
Source: The New York Times

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Dow Hits Pre-Crisis Level

Central Bank's spending binge stokes global rally; 'Don't fight the Fed'

Global financial markets cheered the Federal Reserve's plans to spur the U.S. economy Thursday, driving commodity and bond prices higher and propelling the Dow Jones Industrial Average to levels last seen before Lehman Brothers collapsed two years ago. (Read more)
Source: The Wall Street Journal

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2011 Annual Fuel Economy Guide Now Available

By law, dealers must provide the guide upon request

WASHINGTON – The Department of Energy and the Environmental Protection Agency have just released the 2011 Fuel Economy Guide. The guide provides detailed fuel economy numbers for MY 2011 light-duty vehicles, along with estimated annual fuel costs and other information for prospective purchasers. Dealers must display a copy of the guide and provide copies to customers upon request.

There are a number of options available for dealers to comply:

  • EPA/DOE is electronically distributing the guide to dealers for printing as needed.
  • Dealers can download the guide, save it and print it as necessary.
  • Dealers can order hard copies of the guide by clicking here, by calling DOE’s Information Center at (877) 337-3463 between 9 a.m. and 7 p.m. EDT; or by using a form to order copies by mail. The guides will be mailed for free in December.

Click here for the EPA/DOE letter detailing how to make the guide available to customers.
Source: DOE/EPA

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Opinion: Some Relief for the Industry

Source: Automotive News

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Quotable
 
"The fact that we are finally seeing an increase in retail sales is an especially good sign."

    -- Bob Carter, vice president and general manager of Toyota, on the seasonally adjusted annual rate for retail sales, which increased to about 10.2 million in October, the highest mark for the year, Detroit Free Press, Nov. 4

Video Highlights
 

NADA Chairman Ed Tonkin Speaks to the Automotive Press about Fuel Economy


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

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.


UPCOMING SEMINARS

"Managing Your Four Vital Cash Accounts" (Nov. 10)

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.


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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