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2012 NADA-ATD Convention & Expo

Inside this issue
If NADA is the Bellwether, the Auto Industry's Back
NADA Chairman Wade Addresses 'Frustration' Over Facilities Programs
Denver Auto Dealer Mike Shaw Wins National Award
Dealers Get Creative in Building Used-Car Inventories
Mountain Climber Aron Ralston Inspires Attendees at NADA Convention
Marchionne: Chrysler's Super Bowl Ad Will Reflect Love of U.S.
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
If NADA is the Bellwether, the Auto Industry's Back

From a standing-room-only press conference for the Factory Image Program to a concourse crowded with attendees, when the doors opened Saturday there was little doubt about the state of this convention: NADA is back. There are more than 20,000 car dealers, executives and exhibitors; the expo floor is sold out, and the global feel is more evident than many can remember. At an event Friday, NADA spokesman David Hyatt had reason to beam. "We couldn't be more thrilled with how things have turned out," he said. "A pure sign of recovery."
Source: Automotive News

Related video
NADA Leadership Meets with Automaker Execs on Expo Floor (NADA-TV)

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NADA Chairman Wade Addresses 'Frustration' Over Facilities Programs

Dealers are expressing "widespread frustration" over automaker requirements that force them to spend big on renovating their facilities but with little evidence of a payback, said Stephen Wade, in his farewell address as chairman of the National Automobile Dealers Association. The programs, which can cost dealers millions of dollars, weigh on dealership balance sheets and have driven some franchise owners to exit the business rather than incur the outsized cost, said Wade, 69, speaking [Saturday] at the opening session of the convention. His remarks follow the release ... of an NADA study analyzing the impact of these automaker-mandated facility programs. Among the study's findings is that auto companies frequently change their volume forecasts, often forcing dealers to overbuild and to waste resources to meet outdated expectations, he said.
Source: Automotive News

Editor's note: The executive summary and full report on the study of factory image programs are available at www.nada.org/facilitystudy.

Related video
Industry Consultant Glenn Mercer Provides Results of Facilities Study
(NADA-TV)

Related article

 Will Lincoln Dealers Buy Into Ford’s Renovation Plans? (The Wall Street Journal)

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Denver Auto Dealer Mike Shaw Wins National Award

Denver auto dealer Mike Shaw on Saturday night received the Time Dealer of the Year Award at the National Automobile Dealers Association Convention & Exposition in Las Vegas. The award honors new-car dealers for performance at their dealerships and for distinguished community service. Dealers are nominated by members of the Automotive Trade Association Executives. In conjunction with the award, a $10,000 contribution will be made to a nonprofit organization of Shaw's choice. The award is sponsored by Time Magazine in association with Ally Financial and in cooperation with NADA.
Source: The Denver Post

Related video
Colorado’s Mike Shaw Named TIME Dealer of the Year
(NADA-TV)

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Dealers Get Creative in Building Used-Car Inventories

Dealers, strapped for used cars, are getting more creative in how they go about finding them. Jonathan Banks, an industry analyst with the NADA Used Car Guide, said some dealers have gotten so desperate they’ve left checks under the windshield wiper blades of vehicles brought in for service. Dealers were hoping to show owners how much their vehicles were actually worth amid the scarcity of used cars and trucks. “Dealers were really challenged to find the inventory,” Banks said. “They really got creative to get vehicles back.” The good news for owners: their vehicles will be worth more this year. The bad news: the increase won’t be as steep as in 2011 when the industry, at large, was struggling with depleted inventory on many popular models, including small, fuel-efficient cars.
Source: Automotive News

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Mountain Climber Aron Ralston Inspires Attendees at NADA Convention

Those hungering for hope in tough times got a bounty of real-life examples at the 2012 NADA Convention and Expo. "If there is a guarantee in life, it is that there will always be more adversity," said Aron Ralston, who amputated his hand after it was crushed and pinned by a boulder and he was trapped in Utah's Bluejohn Canyon. "We all encounter boulders in life. [It's up to us to] choose if they are a tragedy or a triumph."
Source: NADAFrontPage.com

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Marchionne: Chrysler's Super Bowl Ad Will Reflect Love of U.S.

Chrysler CEO Sergio Marchionne on Saturday said the automaker is reformulating its dealer incentive program and has temporarily suspended it. Speaking to thousands of dealers at the National Automobile Dealers Association convention here, Marchionne said he wants to tie the incentives to better customer satisfaction scores. "We have suspended the rewards program and after consultation with our dealers intend to be back with a revised program," he said. Marchionne also was coy about the two-minute Super Bowl ad the automaker unveils today. He would only say the ad is "unconventional" and will reflect the Auburn Hills automaker's love of the United States. "I will tell you that it will once again be unconventional. It will reflect the very spirit of what Chrysler is today, how we view our role in society, our passion and our love for this country," Marchionne said.
Source: The Detroit News

Related video

Chrysler’s Marchionne Addresses NADA Convention Audience (NADA-TV)

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More Articles

The NADA Story

The NADA story began in 1917 when 30 auto dealers traveled to the nation’s capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealerships with 32,500 franchises, both domestic and international.

 
Quotable

"We couldn't be more thrilled with how things have turned out. A pure sign of recovery."

    -- NADA spokesman David Hyatt, referring to increased attendance and excitement at the NADA convention, Automotive News, Feb. 4
 




NADA - National Automobile Dealers Association
Videos

Industry Consultant Glenn Mercer Provides Results of Facilities Study (NADA-TV)

NADA Chairman Stephen Wade Delivers Keynote Address (NADA-TV)

Colorado’s Mike Shaw Named TIME Dealer of the Year (NADA-TV)

NADA Foundation Supports Wounded Veterans Initiative (NADA-TV)

Chrysler’s Marchionne Addresses NADA Convention Audience (NADA-TV)

NADA Leadership Meets with Automaker Execs on Expo Floor (NADA-TV)

 More Videos

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Chairman's Column
Three Reasons to be Optimistic about 2012 Sales

2012 Convention on Pace to Be Biggest Since 2008

Congress Members: 'Time Out' Needed on Fuel Economy Regulation 

Foundation news
NADA Foundation to Support Wounded Veterans at Convention

NADA Charitable Foundation to Launch Road Safety Grant Program at Convention


Cleveland Dealers Donate $120,000 to NADA Foundation Ambassador Program


Marketplace
New NADA Mobile App for iPhone and iPad

HP’s Printer Specials

Lenovo's Sweetheart Deals for February

  
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