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Inside this issue
GM to Expand Online Shop-Click-Drive Program Nationwide
Health Care Law's Exchange Problems Leave Small-Business Owners in a Difficult Position
Charlie Cook Commentary: The Butt of Jokes
Volvo Plots Return to the US Market Next Year
Ford Finance Unit Said to Plan Benchmark Sale of 3-Year Debt
SEMA Show: A Candy Factory for the Auto Enthusiast
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
GM to Expand Online Shop-Click-Drive Program Nationwide

General Motors is rolling out nationwide a digital car-shopping tool that allows buyers to complete all aspects of a purchase online, from getting a price to applying for financing. GM said that all of its roughly 4,300 Chevrolet, Cadillac and Buick-GMC dealerships can feature the Shop-Click-Drive tool on their Web sites. Visitors can fill out an application for a specific vehicle, review incentives, get information about F&I products and get estimated values for trade-in vehicles. "We want to make it easier and simpler for dealers to connect with customers who are looking to combine the convenience of online shopping with the personal service of a neighborhood dealership," Kurt McNeil, GM's vice president of U.S. sales operations, said in a statement.
Source: Automotive News

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Health Care Law's Exchange Problems Leave Small-Business Owners in a Difficult Position

David Glazier and Jody Manor each own small businesses in Old Town Alexandria, just outside the nation's capital, and in the months leading up to the launch of the federal government's new health insurance exchange, both were eager to see what kind of savings they could find on the new marketplaces. It has now been six weeks since the exchange opened for business — but for Glazier, Manor and many other small employers, the wait continues. Healthcare.gov, the federal government's new online insurance marketplace and the center of attention right now in Washington, houses two separate exchanges — one for individuals to buy coverage for themselves and another for small employers to purchase plans for their companies. As troubled as the marketplace for individuals has been, the small-business exchange has suffered even more technical problems and delays.
Source: The Washington Post
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Charlie Cook Commentary: The Butt of Jokes

President Obama's allies are alternately wincing over, or shaking their heads at, the troubled rollout of the Affordable Care Act and its website, as well as disclosures that U.S. intelligence agencies spied on some of our closest allies. Many of the president's supporters are probably wishing they could avoid watching news programs altogether, hoping the damaging reports will just go away. The eavesdropping on the cell-phone conversations of German Chancellor Angela Merkel and French President François Hollande (the latter heading the only European nation supportive of the initial U.S. plan for airstrikes on Syria) has been particularly hard to defend because it puts the United States (and Obama) in an enormously awkward position. What makes these problems more troublesome than some other controversies is that they go to the question of Obama's competence, rather than to differences of policy or ideology. On policy disputes, one side may like a decision and the other may dislike it, often resulting in a political wash. However, competence issues cut across the partisan and ideological spectrum, and they can have a real impact on independents and moderates. These voters, who by definition don't look at issues and events through a partisan or ideological prism, are normally comfortable standing behind the proverbial plate, calling balls and strikes as they see them. They usually don't root for one side or the other.
Source: The Cook Political Report
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Volvo Plots Return to the US Market Next Year

Volvo has realized that safe is better than sexy. After several years adrift, as it changed owners and flirted with sexier ads, the Swedish automaker is in the midst of an $11 billion turnaround plan that it hopes will nearly double worldwide sales to 800,000 by 2020. Volvo is building new plants in Sweden and China, introducing new vehicles and developing its own infotainment system that it says will be less distracting. The company is also hiring a new ad agency and working on a bolder message emphasizing Volvo's reputation for safety. One idea that could make it into the company's ads: Volvo's internal goal of having no deaths or serious injuries in new Volvo cars by 2020.
Source: Associated Press
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Ford Finance Unit Said to Plan Benchmark Sale of 3-Year Debt

Ford Motor Co. is planning to sell a benchmark amount of bonds for the second time after it reclaimed an investment-grade mark from Standard & Poor's in September. Ford Motor Credit Co., the finance unit of the second- biggest U.S. automaker, may issue three-year fixed- and floating-rate notes as soon as Wednesday, according to a person with knowledge of the offering. The debt may be rated Baa3 by Moody's Investors Service. Proceeds from the sale may be used for general corporate purposes, said the person, who asked not to be identified because terms aren't set. Bank of America Corp., Deutsche Bank AG, JPMorgan Chase & Co. and Royal Bank of Scotland Plc will manage the deal, the person said. Benchmark sales are typically at least $500 million in size. The Dearborn-based company's unit sold $1 billion of 2.875 percent, five-year notes Sept. 26 to yield 145 basis points more than Treasuries, after S&P lifted Ford's credit rating to BBB-on Sept. 6.
Source: Bloomberg
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SEMA Show: A Candy Factory for the Auto Enthusiast

The annual Specialty Equipment Market Association trade show [in Las Vegas] can sound rather boring when just the facts are recited: about 2,500 vendors showing some 2,000 new products in one million square feet of exhibit space. But up close, the SEMA show, in all its colors, splendors and tastes, is a Willy Wonka-caliber candy factory for automotive enthusiasts. Still, there's one problem: the typical enthusiast can't get in. Too bad, since the enthusiasts are the ones who – last year alone – bought $31 billion worth of the kinds of products shown here. As a trade show, SEMA is meant to be a place where qualified buyers and industry representatives can view the latest ideas, products and trends.
Source: The New York Times
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Quotable
"We want to make it easier and simpler for dealers to connect with customers who are looking to combine the convenience of online shopping with the personal service of a neighborhood dealership."  

   --- Kurt McNeil, GM's vice president of U.S. sales operations, commenting on the automaker's new digital car-shopping tool, Automotive News, Nov. 6

NADA Market Beat
October Sales Up From Last Year
Chairman's Column
A Season of Thanks
Videos

  NADA Chairman Speaks to Detroit Auto Press (NADA-TV)
NADA Webinars
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- Nov. 13: U.S. Car Sales – The Year in Review and a Look Ahead

- Nov. 20: DMS Access Concerns (Part II)

For more information about the webinars, click here.

NADA Foundation News
Ambassador Spotlight: Richard Kull Promoted Charitable Giving through the NADA Foundation
 
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