View Mobile Version | View Web Version

SPONSORED BY
  
NADA.org
November 2, 2012 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
NADA Donates $1 Million to Jump-Start Fundraising for Emergency Relief
Automakers Donate to Charities, Offer Customers Support in Storm's Wake
Hurricane Sandy Puts Big Dent in Auto Business
How Are Automobile Dealers Dealing with the Aftermath of Superstorm Sandy?
Post-Hurricane Car Sales Expected to Recover Fast
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Donates $1 Million to Jump-Start Fundraising for Emergency Relief

Campaign Follows ‘Most Devastating Storm Ever to Hit Northeast’

The National Automobile Dealers Association has pledged $1 million to jump-start a national fund-raising campaign for the Emergency Relief Fund of the association’s charitable foundation. “This is the time for dealers across the country to step up and help those in the Northeast most affected by Hurricane Sandy,” said Bill Underriner, NADA chairman and a dealer from Montana. The fund provides financial assistance to dealership employees that are affected by natural disasters.

“It’s wonderful that NADA is leading by example,” said Bob Mallon, chairman of the National Automobile Dealers Charitable Foundation. “We want to be in a strong position to provide timely assistance to dealership employees as they work through the long process of recovery. We now need to reach out to dealers everywhere to join in the relief campaign,” Mallon added.

Damages are still being assessed in parts of New York and New Jersey hit hardest by Hurricane Sandy. “Widespread power outages and downed phone lines are hampering communications between dealers and their employees,” said David Hyatt, NADA vice president of public affairs. “It will be a long time before we know the extent of the damages but from what we’re hearing the impact on dealerships and their employees is expected to be severe.”

The NADA Foundation is working closely with Mark Schienberg, president of the Greater New York Automobile Dealers Association, and Jim Appleton, president of the New Jersey Coalition of Automotive Retailers.

“This is the most devastating storm ever to hit the Northeast,” said Neale Kuperman, NADA director for Metropolitan New York. “Mark Schienberg and his staff are working around the clock, reaching out to their dealer members. They are doing an unbelievable job. The staff is on the ground visiting dealerships, helping in any way they can, communicating face to face where there is no access to phones or the Internet,” Kuperman added.

In New Jersey, there is extensive damage from Atlantic City to the Meadowlands. “We’re serving as a point of contact and a clearinghouse for information to assist dealers at the state and local levels,” said NJCAR’s Jim Appleton. “We’re grateful to NADA and the charitable foundation and dealers across the country for their assistance.”
Source: NADAFrontPage.com

[back to top]

Automakers Donate to Charities, Offer Customers Support in Storm's Wake

Superstorm Sandy has triggered an outpouring of charitable outreach from automakers. For example, Toyota Motor Corp. will give $1 million to the American Red Cross and other non-profit groups to aid relief efforts for storm victims in regions that took the heaviest damage, the company said late Wednesday. Mercedes-Benz U.S.A., which has 83 dealerships in the northeast, also said the same day that it will make a $1 million donation to the American Red Cross. General Motors, Ford Motor Co. and Volkswagen Group of America also have made cash contributions to American Red Cross. The National Automobile Dealers Association said it has committed $1 million to jump-start a national fund raising campaign for the Emergency Relief Fund of the National Automobile Dealers Charitable Foundation. The emergency fund helps dealership employees who are affected by national disasters, said David Hyatt, a spokesman for NADA.
Source: Automotive News

[back to top]

Hurricane Sandy Puts Big Dent in Auto Business

The storm that ravaged the East Coast has also forced thousands of automobile dealerships to close because of storm damage and power failures. “From what we do know, the impact on the auto industry will be severe,” said David Hyatt, vice president of public affairs for the National Automobile Dealers Association. “Widespread power outages are hampering communications between dealers and their employees. Depending on locations along the East Coast, power is not expected to be restored for several days to a week or longer.” Mark Schienberg, president of the Greater New York Automobile Dealers Association, said every one of the 425 new-car dealerships his organization represented had been affected in some way. On Wednesday, his office tried to call about a quarter of the association’s franchises. Of those, 60 percent did not answer. “It’s amazing how much devastation,” he said. “Just extraordinary.” Mr. Schienberg represents dealers in nine New York counties, including the five boroughs of New York.
Source: The New York Times

[back to top]

How Are Automobile Dealers Dealing with the Aftermath of Superstorm Sandy?

Auto sales in the Northeast are sure to take a hit in the immediate aftermath of superstorm Sandy, but many dealers will do just fine in the long run. The National Automobile Dealers Association (NADA) says it’s too early to determine the full extent of the damage suffered by stores in the region due to communications outages, but it’s clear that hundreds of outlets were affected by the storm to some degree. NADA Chief Economist Paul Taylor says hurricane Irene was a big wake up call for many dealers in 2011, and as a result they are better prepared than they were before then. Nevertheless, lingering power outages can keep even undamaged stores out of business for days. Taylor says automakers are quick to increase supplies to affected regions when necessary, and even heavily damaged dealerships will go to heroic lengths to reopen for business, squeezing their operations into whatever functional space still remains on their property. Any damaged inventory is covered by the dealer's own insurance policy. Still, in extreme cases, where a longer than expected cleanup leads to an extended regional economic downturn, automobile dealers face the same difficulties as any other business. In these instances, NADA has an emergency relief fund to help employees who find themselves out of work as a result of these disasters, and has assisted more than 7,700 people in the industry over the past 20 years.
Source: FoxNews.com

[back to top]

Post-Hurricane Car Sales Expected to Recover Fast

Car markets hit by Hurricane Sandy will see vehicle sales return to normal faster than many people may think, says Mitch Phillips, an analyst for automotive consultancy Urban Science. Moreover, if post-hurricane car-buying patterns hold true, sales will spike in two to three months before returning to regular levels, he says. Typically, sales dip for the first 30 days after a storm as people get their lives back in order, including dealers. Sales rise to above-average, sometimes record-high levels after 60 to 90 days, and occasionally as many as 120 days, following a storm. Then they begin leveling off to pre-storm points.
Source: WardsAuto

[back to top]

More Articles
 
NADA Donates $1 Million to Emergency Relief Fund


 

Quotable

"This is the time for dealers across the country to step up and help those in the Northeast most affected by Hurricane Sandy."  

   -- NADA Chairman Bill Underriner, commenting on NADA's $1 million donation to the Emergency Relief Fund of the National Automobile Dealers Charitable Foundation, NADAFrontPage.com, Nov. 2

Sponsored by     



Videos

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

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

 More Videos

Foundation News
DCH Auto Group Promotes Teen Driving Safety 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 .