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Top Stories
Auto Dealers Raise Awareness of Assistance Dog Program for Wounded War Veterans
NADA Explains the Extraordinary Value of Dealer-Assisted Financing at FTC Roundtable
Detroit 3 Are Expected to Add 36,000 Tier 2 Jobs by 2015
Rail Woes Hit Auto Deliveries
Chrysler Plans to Introduce Natural Gas-Powered Vehicles in U.S. by 2017
Top Stories
Auto Dealers Raise Awareness of Assistance Dog Program for Wounded War Veterans

Many U.S. war veterans returning home with physical disabilities endured from military service in Afghanistan and Iraq are unaware of a nationwide program that provides assistance dogs -- at no cost -- to help them live a more active lifestyle. Most U.S. companies, trade groups and organizations are unaware that the program, called the Wounded Veterans Initiative of Canine Companions for Independence, even exists. And with no government funding, the initiative relies solely on the private sector for financial contributions. The National Automobile Dealers Charitable Foundation has supported Canine Companions for Independence since 2004. The NADA Foundation is expanding that partnership today to include the Wounded Veterans Initiative because of the growing need to match wounded war veterans with assistance dogs. Sgt. Sebastian Cila (Ret.), with his service dog Gillian, will accept the first $10,000 grant from the NADA Foundation. Cila, a resident of Riverhead, N.Y., lost his arm in an explosion in Baghdad on July 4, 2005. He will share his story and how Gillian is helping improve his quality of life.
Source: NADCF

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NADA Explains the Extraordinary Value of Dealer-Assisted Financing at FTC Roundtable

DETROIT -- NADA representatives highlighted the importance of dealer-assisted financing at an all-day roundtable that the Federal Trade Commission (FTC) conducted yesterday in Detroit to examine consumer protection issues related to five discrete areas of vehicle sales and leasing.

The roundtable and several others that the FTC is planning are designed to assist the agency in determining how, if at all, it should exercise the authority it will soon assume under the Dodd-Frank Wall Street Reform and Consumer Protection Act to issue rules prohibiting unfair and deceptive acts or practices (UDAP) by motor vehicle dealers under the procedures contained in the Administrative Procedures Act. (The FTC currently can only issue UDAP rules under the more robust procedures contained in the Magnusson Moss Federal Warranty Act.) NADA was represented on each of the panels by dealer, ATAE, and attorney representatives that specialize in each of the subject matter areas.

During the discussions, the NADA team – led by NADA Dealership Operations chairman and North Carolina Director Dave Westcott – made a compelling case that the problems identified by consumer group representatives on the panels are (i) not representative of the industry and therefore lack the prevalence necessary to justify the imposition of a new rule, and (ii) already may be addressed through an array of consumer remedies that exist under current federal and state law. Most importantly, the NADA representatives explained in detail the extraordinary benefits that optional dealer-assisted financing provides to millions of consumers, including how dealers’ access to multiple finance sources and their efficient pricing allows dealers to (i) routinely offer consumers very competitive rates and (ii) in many cases, secure financing for “unbanked” consumers who otherwise would not have the means to obtain the transportation necessary to secure employment.

"Even when dealer-assisted financing is not selected by consumers, its mere presence helps to create an intensely competitive market that significantly disciplines the rates that other finance sources will offer to consumers," said Andy Koblenz, NADA vice president of Legal and Regulatory Affairs.

In addition to the oral information supplied by the NADA representatives, NADA filed with the FTC preliminary written comments that summarize NADA’s arguments on these issues. NADA Regulatory Affairs will continue to monitor and respond to additional FTC activity concerning this initiative.
Source: NADA Regulatory Affairs

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Detroit 3 Are Expected to Add 36,000 Tier 2 Jobs by 2015

DETROIT -- The Detroit 3 are expected to add 36,000 factory jobs by 2015, all of them paying new-hire wages and benefits that are half of what is typically paid to traditional UAW autoworkers, economist Sean McAlinden said (Tuesday). The carmakers are producing near the limits of what the current UAW work force of 102,000 can do on maximum overtime, said McAlinden, who spoke with reporters on the sidelines of a lecture at Wayne State University here. They will have to hire to increase production once all laid-off UAW members nationally are back to work by September, he said.
Source: Automotive News

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Rail Woes Hit Auto Deliveries

Fairgrounds, Storage Lots Fill as Freight Car Shortages Stall Detroit Shipments

Already rattled by a looming shortage of made-in-Japan parts, Detroit auto makers are struggling with rail shipping woes that are stalling deliveries of finished vehicles. About 4,000 brand new Chrysler Group LLC vehicles, mostly Ram pickup trucks, are parked under guard at the Michigan State Fairgrounds & Exposition Center in Detroit. General Motors Co. says it has delayed vehicle shipments by a day or two for as many as 1,000 cars at a time, and Ford Motor Co. is storing finished pickups at a closed assembly plant in Wixom, Mich., and at a lot near downtown Dearborn, Mich. The shortage of freight cars has added anywhere from a few days to a few weeks to the time it takes for new cars to reach dealers, forcing auto makers to park finished vehicles near plants around the country.
Source: The Wall Street Journal

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Chrysler Plans to Introduce Natural Gas-Powered Vehicles in U.S. by 2017

Chrysler Group LLC, the U.S. automaker operated by Fiat SpA, plans to start selling compressed natural gas-powered vehicles by 2017. “The technology is very actively being worked on,” Bob Lee, Chrysler’s vice president for engine and electrified propulsion systems, said yesterday in an interview in Detroit. “It’s a good way for some diversity in the market in terms of fuel use,” Lee said at the SAE 2011 World Congress, an automotive engineering convention in Detroit. Sergio Marchionne, chief executive officer of both Chrysler and Fiat, has said natural-gas engines are an attractive way to cut emissions because they’re cheaper than competing technologies.
Source: Bloomberg

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For more auto industry news, visit NADAFrontPage.com

SBA and Agility Recovery Solutions Host Webinar on Post-Disaster Leadership Strategies
Join Agility Recovery Solutions and the U.S. Small Business Administration on Tuesday, April 19, for a discussion on becoming a more resilient leader through a disaster that could destroy the company.

Analysts to Discuss Implications of Japan Supply Disruptions at Automotive Forum April 19
Economists will discuss the impact that high oil prices and the disaster in Japan are having on automotive markets during the NADA/IHS Automotive Forum in New York April 19.

SAVE on HP's ProBook 4520s Notebook PC
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Quotable
"Dealers have an intense desire to have long-term relationships with their customers. That is a long-term relationship that you want to nurture."

    -- Andy Koblenz, NADA vice president and general counsel, on why any new regulation of auto lending is unnecessary, The Detroit News, April 12

Featured Videos
 
NADA Analyst Jonathan Banks Discusses Japan's Effect on Used-Car Market (AutoFocus)

 
NADA Chairman Stephen Wade on Personal Side of Japan Disaster (AutoFocus)


On the Job Hunt: Dealerships Are Hiring (Fox News)

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Advanced Service Management
Presented by Robert Atwood
April 11–15, 2011
 
Advanced Parts and DMS Management
Presented by Chris Bavis
May 2–6, 2011
 
Advanced Variable Operations
Presented by Les Abrams and Bill Adkins
May 23–27, 2011

  


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