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March 25, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
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Inside this issue
Dealers Say GM Making Right Moves in Recall
NADA University Webinar: Participate in the NADA Dealership Workforce Study
Used Gross Profit Per Unit Climbs for Many Dealers
The New Math of Car Leasing
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Top Stories
Dealers Say GM Making Right Moves in Recall

As General Motors prepares for the recall of more than 3 million vehicles, its dealers around the country hope for the best and predict the automaker’s efforts to confront the issue are helping minimize consumer anxiety surrounding the issue. “GM is stepping up and doing the right thing by putting customers in loaners,” notes Rick Alpern, general manager of Keyes Chevrolet in Van Nuys, CA. GM is providing loaners to the owners of the Chevrolet Cobalts, Saturn Ions and Pontiac G5s covered by the recall while their own cars are awaiting repair.
Source: WardsAuto

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NADA University Webinar: Participate in the NADA Dealership Workforce Study

The upcoming "Participate in the NADA Dealership Workforce Study" webinar will provide participants with the information needed to identify opportunities to improve employee retention and turnover in key dealership positions. The webinar, which will be presented by Ted Kraybill from ESI Trends, will review how to better manage dealership payroll and benefits expenses, how to measure employee retention and how to enroll in the 2014 NADA Dealership Workforce Study. It will be held at 1 p.m. ET, Wednesday, March 26. Click here to register.
Source: NADA University Online
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Used Gross Profit Per Unit Climbs for Many Dealers

In a “promising” sign for dealers, about two-thirds of the participants in the latest dealer survey from KeyBanc Capital Markets said their used-vehicle gross profits per unit were up more than $50 year-over-year in February. Only 17 percent saw their used gross profits per unit drop more than $50 per unit, and 17 percent showed static results.
Source: Auto Remarketing

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The New Math of Car Leasing

Auto Makers Are Lowering the Cost of Monthly Payments. But There Are Potential Downsides.

Automobile makers are trying to make leasing a new car more appealing by lowering the cost of monthly payments. That could mean significant savings for consumers over the course of a typical three-year contract. The advantages of leasing can make it worthwhile under certain circumstances. Drivers who plan to get a new car every few years anyway avoid the risk that a car they purchase will be worth less than the outstanding loan amount when they go to sell. Consumers also should be careful which cars they lease. Cars that depreciate faster often require larger lease payments than those that retain their value better, even if they cost the same at purchase, says Steven Szakaly, chief economist at the National Automobile Dealers Association, which is based in McLean, Va.
Source: The Wall Street Journal

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 Meet NADA Chairman Forrest McConnell (NADA-TV)

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NADA University Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted. 

-- March 26: Participate in the NADA Dealership Workforce Study

-- April 2: NADA’s Fair Credit Compliance Program

-- April 3: Tips for Submitting a Great Workshop Proposal 

NADA Foundation News
New Orleans' High Schools Receive CPR Training Manikins

ADESA and NADA Donate $37,000 to Canine Companions

NADA and Ally Donate $50,000 to Second Harvest Food Bank in New Orleans 

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