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Thursday, Nov. 11, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
IRS Says Dealerships Don't Have to Capitalize Certain Costs
GM Profit Tops Toyota, Trails Ford as World Sales Seek Record
Ford Views U.S. as Growth Market: Chairman
Letter: Critics Wrong About 'Clunkers' Program
Honda's Accord Gets Highest Rating in Revised U.S. Crash Tests
U.S., South Korea Fail to Agree on Trade Pact on Cars, Beef
Daimler CEO: Electric Cars are Overhyped
Feds Should Cut Vehicle Budget, Deficit Panel Says
DriverSide.com Aims for Car Owners' Market
Top Stories
IRS Says Dealerships Don't Have to Capitalize Certain Costs

WASHINGTON -- The IRS's technical guidance “favorably (resolves) several contentious and potentially very costly income tax issues” that have arisen during federal audits of dealerships, the National Automobile Dealers Association said. (Read more)
Source: Automotive News

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GM Profit Tops Toyota, Trails Ford as World Sales Seek Record

Ford Motor Co. widened its lead as the world’s top-earning automaker in the third quarter, and General Motors Co. overtook Toyota Motor Corp. amid record global sales for the industry. (Read more)
Source: Bloomberg 

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Ford Views U.S. as Growth Market: Chairman

Ford Executive Chairman Bill Ford said investors are underestimating the automaker's growth potential in the United States and that it has laid a foundation for growth in China and India. (Read more)
Source: Reuters

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Letter: Critics Wrong About 'Clunkers' Program
By Paul Taylor, NADA chief economist

Politics aside, it's hard to imagine how anyone who takes an objective look at the program can reach any conclusion other than it provided a dramatic boost to retail sales and manufacturing output, employment and permanently removed nearly 690,000 older, less fuel-efficient vehicles from U.S. roadways. (Read more)
Source: The Detroit News

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Honda's Accord Gets Highest Rating in Revised U.S. Crash Tests

Honda Motor Co.’s Accord received the best possible safety rating among 2011 model-year passenger cars tested for crashes under new U.S. evaluation standards, edging ahead of Toyota Motor Corp. and Hyundai Motor Co. sedans. (Read more)
Source: Bloomberg

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U.S., South Korea Fail to Agree on Trade Pact on Cars, Beef

President Barack Obama and his South Korean counterpart Lee Myung Bak failed to reach agreement on a free-trade accord as the two nations wrangled over automobile and beef imports to Asia’s fourth-biggest economy. (Read more)
Source: Bloomberg 

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Daimler CEO: Electric Cars are Overhyped

FRANKFURT—Daimler AG Chief Executive Dieter Zetsche said Thursday that expectations for the development of electric cars are over-optimistic and predicted returns for companies will be small. (Read more)
Source: The Wall Street Journal 

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Feds Should Cut Vehicle Budget, Deficit Panel Says

The co-chairs of a federal deficit reduction commission want the government to drive less — and cut its vehicle budget. (Read more)
Source: The Detroit News

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DriverSide.com Aims for Car Owners' Market

The service connects auto owners to dealerships and mechanics, and provides Internet tools that help drivers take care of their vehicles

In 2007, just as automobile stocks began an 18-month slide, Trevor Traina says he made a decision his friends found shocking: He jumped into the car business. "People thought we were crazy," says Traina, 42, who with two former business partners started DriverSide.com, a service that connects car owners to dealerships and mechanics. Three years on, the San Francisco-based business is attracting investors and customers alike. (Read more)
Source: Bloomberg Businessweek

Editor's note: Kevin Root from DriverSide.com will present, "Fixed Operations Retention in the Digital World," at the NADA Convention & Expo in San Francisco. The workshop will outline proven digital strategies to bring back and retain customers in fixed operations, and highlight the effectiveness of online reviews and social media in the service department. Click here for the complete workshop schedule.

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Quotable
 
"I’m a believer in the auto cycle. Sales units are stronger, and everyone’s nudging up their production assumptions."

    -- Alan Tarver, a fund manager and senior equity analyst at San Antonio-based Frost Investment Advisors, which holds shares in Toyota and Volkswagen, Bloomberg, Nov. 11

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
 


 


UPCOMING SEMINARS

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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