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IMPORTANT NOTICE: NADA headquarters in McLean, Va., and legislative offices in D.C. will be closed today due to Hurricane Sandy.
Inside this issue
NADA Foundation Mobilizes Emergency Relief Fund to Assist Victims of Hurricane Sandy
East Coast Dealers Shut Stores, Relocate Cars as Hurricane Sandy Hits
Sandy to Cost Luxury-Car Dealers Needing Northeast U.S. Sales
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NADA Foundation Mobilizes Emergency Relief Fund to Assist Victims of Hurricane Sandy

In the aftermath of Hurricane Sandy, dealership employees who have been affected by the disaster are eligible to receive financial assistance from the Emergency Relief Fund of the National Automobile Dealers Charitable Foundation. “It’s too early to know the extent of the damage to auto dealerships from the storm. Widespread power outages have disrupted communications, including phone service, in many of the hardest hit areas,” said David Hyatt, vice president of public affairs for the National Automobile Dealers Association. “It will likely take days or even weeks before we start to get a clear picture of what's needed for storm relief.”

NADA will be working with the state and metro dealer associations in the affected regions of the country to notify dealers and their employees that financial assistance from the Foundation’s Emergency Relief Fund is available. Employees can apply directly to NADA for emergency assistance or dealers can apply on behalf of their affected employees. Since the fund was established in 1992, nearly $5 million has been provided to more than 7,700 dealership employees in need. Click here for the Emergency Relief Fund’s assistance application form.

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East Coast Dealers Shut Stores, Relocate Cars as Hurricane Sandy Hits

As the Atlantic's largest-ever tropical storm hit the U.S. East Coast, auto dealers closed showrooms, moved cars to higher ground and calculated the effect on October sales. As of 8 p.m. EDT [Monday], the storm reached land near Atlantic City on the New Jersey coast. The storm's impact reached far inland as blizzard warnings went up in Maryland and West Virginia. Holman Automotive Group closed all seven of its dealerships in southern New Jersey [Monday] in preparation for the storm, said Bill Cariss, vice president of dealership operations for the group in Maple Shade, N.J. In Pennsylvania, most dealerships had planned to close by noon [Monday] as the brunt of the storm was predicted to hit in the afternoon, said Kevin Mazzucolo, executive director of the Automotive Dealers Association of Greater Pennsylvania. The Greater New York Automobile Dealers Association has advised Long Island dealers to move vehicles upland in storage. Deborah Dorman, president of the Eastern New York Coalition of Automotive Retailers in Albany, N.Y., said dealers there are concerned about wind damage, flooding in some areas and the effect on potential car buyers, who are hunkering down at home and dealing with school closings.
Source: Automotive News

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Sandy to Cost Luxury-Car Dealers Needing Northeast U.S. Sales

Luxury-car brands such as Honda Motor Co.’s Acura and Daimler AG’s Mercedes-Benz will take a disproportionate hit from Hurricane Sandy, with as much as 25 percent of U.S. sales coming from cities in the storm’s path. “The last week of the month is typically a big week in terms of new vehicle sales,” said Larry Dixon, senior analyst for the National Automobile Dealers Association, based in McLean, Virginia. “Everyone’s trying to finish off the month on a high note. We might see October sales down just a bit from what everybody had anticipated.” The New York, Washington and Philadelphia markets account for a quarter of Acura’s U.S. sales, 24 percent of Mercedes-Benz’s and 23 percent for Bayerische Motoren Werke AG and Volvo Cars, according to auto researcher States affected by the hurricane, the biggest-ever Atlantic Ocean tropical storm, are home to 4,751 dealerships selling new cars, according to data compiled by the auto dealers’ group.
Source: Bloomberg

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"Our primary focus right now is the safety of our employees, saving our inventory, and if we can get back up running tomorrow, that'll be good. But the roads may not be passable."

    -- Bill Cariss, vice president of dealership operations for Holman Automotive Group in Maple Shade, N.J., estimates that the dealership group has about $60 million worth of new and used inventory that could be damaged by the anticipated 70 mph winds and severe flooding, Automotive News, Oct. 29

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