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Wednesday, July 6, 2011 RSSSEND TO A FRIENDPRINT
Top 5 Stories
Hyundai, Lexus and Subaru Top Rankings in NADA Survey
Ford, Toyota Criticize EPA Ethanol-Blend Fuel Proposal
Dealers Must Use New IRS Cash Reporting Form
Employers Skeptical of Obama Vow of Less Red Tape
Charlie Cook: 'Worries on All Sides'
Click here for NADA's online newsroom at NADAFrontPage.com. .
Top 5 Stories
Hyundai, Lexus and Subaru Top Rankings in NADA Survey

NADA’s summer Dealer Attitude Survey is available to complete online from July 6 to August 4.

Coinciding with vehicle quality scores reaching an all-time high, new-car dealer satisfaction with their respective automakers increased this year, says NADA in its latest survey of more than 15,360 franchises. “We appreciate the time dealers take to answer the survey. They should feel reassured that NADA—as the voice of the dealer—makes sure their opinions are presented twice a year to senior executives at all of the auto manufacturers,” said Carroll Smith, chairman of NADA’s Industry Relations committee. “The high level of attention and importance the manufacturers place on the dealer responses is impressive.” The Dealer Attitude Survey, conducted by NADA’s Industry Relations group, measures dealers’ sentiment on the value of their franchises, automaker policy decisions that affect the dealership and the automakers’ field staff who visit dealerships. NADA’s 2011 summer survey is available to complete online from July 6 through August 4. NADA will present the survey results to automaker executives this fall. Click here for the survey. Click here for the full summary of the 2011 winter survey.
Source: NADA Newsroom

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Ford, Toyota Criticize EPA Ethanol-Blend Fuel Proposal

Automakers including Chrysler Group LLC, Ford Motor Co. and Toyota Motor Corp. criticized an Environmental Protection Agency proposal to allow gasoline containing as much as 15 percent ethanol in all cars and trucks in the U.S., saying its use may void warranties. Twelve automakers released letters [on Tuesday] sent to Representative James Sensenbrenner, a Wisconsin Republican, saying the EPA proposal to sell so-called E15 fuel may damage engines and fuel-supply systems in vehicles made to run on gasoline with lower ethanol content. Sensenbrenner, in a letter [Tuesday] to EPA Administrator Lisa Jackson, said the decision to allow the fuel to be used in cars may sacrifice fuel efficiency as well as cause engine damage and void warranties. “In difficult economic times, consumers need to get more miles from a gallon of gas and extend the lives of their cars,” Sensenbrenner wrote.
Source: Bloomberg

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Dealers Must Use New IRS Cash Reporting Form

The IRS has issued an updated Form 8300, effective July 1, 2011, that dealers must use to report cash transactions of more than $10,000. Cash payments of more than $10,000 in one transaction or in two or more related transactions must be reported to the IRS using the new form. For a link to the new form and details about cash reporting requirements, visit www.nada.org/regulations.
Source: NADA Regulatory Affairs

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Employers Skeptical of Obama Vow of Less Red Tape

White House blitz called ‘a mirage’

Businesses big and small aren't buying President Obama's claim that he's reducing the burden of costly federal regulations, a major barrier to job growth. "It's a mirage," said Dan Bosch, manager of regulatory policy at the National Federation of Independent Business. "The final rules that are coming out in the last two years are worse." House Republicans held events in their districts last week focusing on their "Plan for America's Job Creators," featuring calls for lower business taxes and fewer regulations. "Entrepreneurship is currently at a 17-year low, not because of a lack of capital, but because of a lack of confidence," [House Republican Conference Chairman Jeb Hensarling of Texas] said.
Source: The Washington Times

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Charlie Cook: 'Worries on All Sides'

The latest Democracy Corps national survey, conducted by the Democratic polling firm Greenberg Quinlan Rosner Research, has numbers that should worry both Democrats and Republicans. The survey, conducted June 18-21 among 1,000 likely 2012 voters (with a margin of error of plus or minus 3.1 percent) showed that those respondents were pessimistic about the direction of the country and disapproved of the job being done by House Republicans by a 2-to-1 margin, yet still gave them a 3-point edge overall in matchups for control of the House. Voters are unhappy with both parties as well as with the job members of Congress are doing.
Source: The Cook Political Report

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More articles

July 5, 2011 - Detroit 3 Tops Light-Vehicle Sales to U.S. Consumers Last Month

July 1, 2011 - FTC to Review Dealers' Treatment of Military Customers

June 30, 2011 - Governors Urge Feds to Consider Jobs, Costs in Fuel Standards

June 29, 2011 - Sen. Levin Wants Answers on White House 56.2 mpg Proposal

June 28, 2011 - GM Calls Fuel Regime 'Tough'

 
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Quotable
"The high level of attention and importance the manufacturers place on the dealer responses is impressive."

    -- Carroll Smith, chairman of NADA’s Industry Relations committee referring to the significance of NADA's Dealer Attitude Survey, NADA Newsroom, July 6

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