View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
August 29, 2012 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Video: Batey Says GM Will Improve Communications with Dealers
Gulf Coast Dealers Move to Protect Vehicles as Hurricane Isaac Nears
GM Intends to Double Cadillac's Sales in U.S.
Last GM Midsize Trucks Roll Off La. Assembly Line
NADA UCG: Large Pickup Segment Continues to Ride Depreciation 'Roller Coaster'
Black Replaces Bling On Custom Wheels
Last Chance to Sign Up for Free Webinar Today on Tax Implications of Tangibles Regulations
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Video: Batey Says GM Will Improve Communications with Dealers

Alan Batey, vice president of U.S. sales, service and marketing for General Motors, recently discussed its Essential Brand Elements program, improving dealer communications and changing the culture at GM during a visit to the National Automobile Dealers Association. “The face of our business is our dealers. And that’s the face of Chevrolet, Buick, GMC and Cadillac,” said Batey, in a two-part studio interview on NADA's AutoFocus with David Hyatt. Batey, who began his career with GM in 1979 as a mechanical engineering apprentice for Vauxhall in the United Kingdom, said his biggest challenge today is communicating clearly to its 3,000 dealers. “The key to our partnership with the dealers is open and honest communications,” he said. Batey also discussed the recent visit by members of NADA’s Industry Relations Task Force to GM headquarters in Detroit. “NADA … offered some great ideas on how we could improve communications to smaller dealers,” he added. “We’ve taken that advice on board, and we’re going to lay out a plan so that every dealer in the nation who wants to have face-to-face consultancy with us on a confidential basis can get it.” Click here for the full AutoFocus interview.
Source: NADA’s AutoFocus with David Hyatt

[back to top]

Gulf Coast Dealers Move to Protect Vehicles as Hurricane Isaac Nears

As Hurricane Isaac bears down on the Gulf Coast, some car dealers in flood-prone areas of Louisiana are moving their vehicles to safety. Isaac could bring 75 mph winds and a foot of rain, which may cause flooding that could damage vehicles. Bob Israel, president of the Louisiana Automobile Dealers Association in Baton Rouge, said in an interview [Tuesday] that flying debris carried by high winds can damage vehicles, but the biggest concern is flooding.
Source: Automotive News

[back to top]

GM Intends to Double Cadillac's Sales in U.S.

General Motors elevated the resurgence of Cadillac on its to-do list, outlining plans to double U.S. sales within a few years and accelerate its global expansion. GM plans to introduce 10 all-new or redesigned Cadillacs, including two that hit the market this summer, executives told reporters.
Source: Detroit Free Press

Related Story:

[back to top]

Last GM Midsize Trucks Roll Off La. Assembly Line

Shreveport plant closes, ending production of Colorado, Canyon

General Motors Co. ended production Tuesday of the Chevrolet Colorado and GMC Canyon midsize trucks at its Shreveport Assembly Plant in Louisiana, which the Detroit automaker is closing after three decades in operation. The last truck, a white Colorado, rolled off the line Tuesday, one of more than 4.5 million vehicles built during the plant's lifetime.
Source: The Detroit News

[back to top]

NADA UCG: Large Pickup Segment Continues to Ride Depreciation 'Roller Coaster'

Though NADA Used Car Guide is predicting used-vehicle depreciation rates will see only a modest uptick in the next few years, a few segments it tracks are set up to buck the trend. In fact, a few of these segments, mostly truck-related, are expected to experience changes “well above the market as a whole,” explained Jonathan Banks, senior analyst with NADA Used Car Guide.
Source: Auto Remarketing

[back to top]

Black Replaces Bling On Custom Wheels

Bling has faded to black when it comes to dressing up the wheels of new cars and trucks to attract performance enthusiasts. Automakers say buyers now crave black wheels as a fashion statement on new vehicles, leaving chrome behind.
Source: USA Today

[back to top]

Last Chance to Sign Up for Free Webinar Today on Tax Implications of Tangibles Regulations

In December 2011, the IRS issued temporary “tangibles regulations” to clarify whether certain expenditures by taxpayers to acquire, produce or improve tangible property may be expensed or must be capitalized (i.e., depreciated). Dealer accountants have advised NADA that, while some dealerships will be impacted more than others, (i) it is highly likely that every dealership in the country will be affected in some manner, and (ii) to comply with the regulations, and to take advantage of new opportunities in the regs, dealers must request a change in their accounting method.  

NADA has arranged for several experienced CPAs from the accounting firm Boyer & Ritter to present a NADA University webinar to explain this development and the time frame in which dealers must act. The webinar, held today, Aug. 29, from 1 – 2:30 p.m. EDT, will be moderated by Paul Metrey, NADA’s chief regulatory counsel for financial services, privacy and tax. It’s free for NADA and ATD members and their contracted professionals, such as accountants and attorneys. Click here to register. The password is tax. For more information, call (800) 557-6232.
Source: NADA Regulatory Affairs

[back to top]

More Articles
 
Quotable
"We're going to lay out a plan so that every dealer in the nation who wants to have face-to-face consultancy with us on a confidential basis can get it."

   
-- Alan Batey, General Motors U.S. sales chief, commenting on the need to improve communications with dealers about the EBE program, in an interview on NADA's AutoFocus with David Hyatt, Aug. 29


 




NADA Data 2012

Videos

 Video: Batey Says GM Will Improve Communications with Dealers (AutoFocus)


 Video: NADA Remains Bullish on Used-Vehicle Market (AutoFocus) 

 
 Registration for 2013 NADA Convention and Expo in Orlando is Now Open


 NADA Creates Task Force to Address Concerns on Facility Upgrades and Stair-Step Pricing Programs (AutoFocus)

 More Videos

Chairman's Column
New NADA Task Force Sets Vigorous Agenda on Facility Image and Stair-Step Incentives
NADA Convention Update
Five NADA Convention Hotels in Orlando Have Sold Out; Register Today

Five out of 21 hotels reserved for the NADA Convention and Expo, Feb. 8-11, in Orlando, Fla., have already sold out. They include the Westin, Hilton, Peabody, Embassy Suites and JW Marriott. The Rosen Center is nearly sold out. NADA members (dealers and managers) are encouraged to register by Sept. 14 to take advantage of early-bird registration rates (a $100 savings from the onsite rate) and book the hotel of choice. To register, visit www.nadaconventionandexpo.com.
Foundation News
Tennessee Auto Dealer Establishes Family Legacy of Giving through NADA Foundation
Marketplace
NADA Mobile App for iPhone and iPad

Save More Than 30% on an HP Bundle


Savings from Lenovo
 
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 publicaffairs@nada.org .