For optimal viewing through your web browser or PDA, click here.

SPONSORED BY
 
NADA.org
Monday, Nov. 29, 2010 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top Stories
NADA to Dealers: Urge Senators to Support Efforts to Repeal New 1099 Reporting Requirements
NADA Convention Set for Rebound in '11
Next Hyundai Phase: Better Dealers
Banks Buy $2.37 Billion More in GM Shares
Chevy Volt Tops Prius in Fuel Economy Rating
EBay is Showcase for Kia Dealers
Buoyed by EV, Mitsubishi Will Add 26 Dealerships
Once Coveted, Now Orphaned
Top Stories
NADA to Dealers: Urge Senators to Support Efforts to Repeal New 1099 Reporting Requirements

Vote expected today

In a legislative alert sent to all NADA members this morning, the association's Legislative Affairs group urges dealers to contact their senators today to ask them to support the repeal of a 1099 reporting requirement in the health care reform law passed earlier this year. The Senate is expected to vote today on two amendments offered by Sens. Mike Johanns, R-Neb., and Max Baucus, D-Mont., which would repeal a provision in the health care reform law mandating that all businesses file "1099" forms with the IRS any time they purchase goods or services worth $600 or more. The two amendments to the food safety bill could face a high hurdle, as the Senate’s procedures will require a "super-majority" of 67 votes. "NADA strongly backs the Johanns and Baucus amendments, both of which completely repeal the new 1099 requirement," says David Regan, NADA vice president for Legislative Affairs. Senators can be reached through the Capitol switchboard at (202) 224-3121. Click here to read the Legislative Alert.
Source: NADA Legislative Affairs

[back to top]

NADA Convention Set for Rebound in '11

With exhibit space sold out and registrations running ahead of 2010's pace, the National Automobile Dealers Association convention, set for San Francisco next February, seems on track to show the event's first attendance increase in four years. (Read more)
Source: Automotive News

[back to top]

Next Hyundai Phase: Better Dealers

As profits rise, big groups start buying stores

Although John Patterson has operated Tustin Hyundai in Tustin, Calif., only since March, he has already more than quadrupled the store's average monthly new-car sales, to 85. Patterson's success with Hyundai is being replicated around the country. (Read more)
Source: Automotive News

[back to top]

Banks Buy $2.37 Billion More in GM Shares

The banks' move expanded the auto giant's IPO by 15 percent to $23.1 billion, making it the largest in global history and bringing the company about $2 billion closer to returning the $49.5 billion spent on its bailout. (Read more)
Source: The Washington Post

[back to top]

Chevy Volt Tops Prius in Fuel Economy Rating

General Motors Co said on Wednesday its Chevy Volt plug-in hybrid will carry an overall fuel economy rating of 60 miles per gallon, topping the Toyota Prius, the industry's long-time fuel economy leader. (Read more)
Source: Reuters 

[back to top]

EBay is Showcase for Kia Dealers

Kia Motors America is showcasing dealers' new-vehicle inventory on eBay to create exposure for its vehicles and generate sales leads for dealers. (Read more)
Source: Automotive News

[back to top]

Buoyed by EV, Mitsubishi Will Add 26 Dealerships

Mitsubishi plans to add 26 dealerships as it prepares to launch its "i powered by MiEV" electric vehicle in late 2011 and works to rebuild its shrinking U.S. retail network. (Read more)
Source: Automotive News

[back to top]

Once Coveted, Now Orphaned

Last month was the end of the line for yet another American automotive brand. Assembly plants produced the final vehicles to carry the Mercury nameplate, an unceremonious end for a marque that had been introduced in 1939 as an upscale companion for basic Fords — but more recently allowed to atrophy to little more than a selection of lightly modified Ford sedans and S.U.V.’s. (Read more)
Source: The New York Times

[back to top]

 
Quotable
 
"We're much better than we were last year."

    -- Jack Caldwell, a Toyota-Scion dealer in Conway, Ark., and chairman of NADA's convention committee, on the 2011 convention in San Francisco, which has recorded a 14 percent increase in registrations from this point last year, Automotive News, Nov. 29

Video Highlights
 

NADA Chairman Ed Tonkin: Register Online Today for 2011 Convention


What UNICAP Victory Means to Dealers


NADA Chairman Ed Tonkin Raises Serious Questions about Latest CAFE Proposal

NADA Convention
 


 


Webinar Tomorrow: The New UNICAP Safe Harbor Methods and What They Mean for Dealers

To ensure dealers fully understand the nature and extent of the two new UNICAP safe harbor methods authorized by Rev. Proc. 2010-44, along with its automatic change procedures, expanded audit protection, and other features, NADA has arranged for IRS Motor Vehicle Technical Advisor Terri Harris and Crowe Horwath's Robert Zwiers (Former IRS Motor Vehicle Industry Specialist) and Joseph Magyar to explain the new Revenue Procedure in detail during a Webinar tomorrow, Nov. 30, 2010 from 1:00 to 3:00 p.m. To Register: Click here to sign in or sign up for NADA University. Once you have logged in, please visit the NADA U Store, select "Webinars & Seminars" under "Products," and follow the ordering instructions. If you experience any problems, please contact NADA U Customer Service at 1-800-557-6232.


NADA Guide Book

 
Providing the most reliable
and most comprehensive
used-vehicle values since 1933


HP Has A Gift For You!

HP Compaq 6005 Pro Ultra-slim Desktop PC + LE2001w 20-Inch widescreen LCD Monitor is designed to deliver uncompromised results with energy efficiency features and high-end capabilities. This space-saving bundle starts at only $789 for NADA members and staff. To learn more about this offer and other discounted HP products visit NADA's PC Purchase Program site (member log in required).

 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.