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Inside this issue
NADA Releases New Video on Why America Needs Dealer Franchise Laws
Last Chance to Register for Today's NADA Webinar: 'Five Myths of Live Chat Debunked…By a Car Dealer'
Toyota is Top Automaker in First Half of 2014; GM Slips to 3rd
Fiat Second Quarter Profits Fall 55%
Near-Record Auto Lending Drives Ally Q2 Profit Higher
Small Cars Struggle in Latest Round of IIHS Crash Tests
Retired Pro Football Players Plan to Open Car Dealerships
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Releases New Video on Why America Needs Dealer Franchise Laws

New educational video provides background on state franchise laws for policymakers and journalists.

New-car dealer franchise laws protect consumers during safety recall and warranty claims, create price competition and benefit automakers, says the National Automobile Dealers Association in a new animated video released today as part of its “Get The Facts” initiative. “Buying a car is a ... complicated purchase with financing, titling, registration, insurance and trade-ins. Because cars are expensive and car buying is complex, governments set up dealer franchise laws to protect consumers, and dealers make this complex process simple,” NADA says in the video. “But recently, some have suggested weakening these laws or eliminating them to bypass dealers completely—a bad idea and nowhere simple as it sounds.” The new video explains the central reason why states adopt dealer franchise laws – to protect consumers and provide a competitive business environment.

The dealer franchise network is also supported by automakers as the best and most efficient way to buy, sell and service cars in the marketplace, and “dealer franchise laws just make good business sense,” says NADA. “Factories get to focus on design and building great cars, while dealers invest billions in showrooms and websites to compete for local business and sell cars at a great price,” NADA says. “And locally owned dealers have a huge positive impact on local communities—local businesses that create more than 1 million jobs nationwide, and provide more than 15 percent of local tax revenue.” Click here to view or download the video. For more information, visit www.nada.org/GetTheFacts.
Source: NADA Public Affairs
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Last Chance to Register for Today's NADA Webinar: 'Five Myths of Live Chat Debunked…By a Car Dealer'

NADA University Online will host the webinar "Five Myths of Live Chat Debunked…By a Car Dealer" today, July 30, at 1 p.m. ET. The free webinar will teach participants how live chat can benefit a dealership's bottom line for all departments, not just sales. Click here to register.
Source: NADA University Online
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Toyota is Top Automaker in First Half of 2014; GM Slips to 3rd

Toyota Motor Corp. remained the world's largest automaker in the first half of 2014, selling 5.097 million vehicles, up 3.8 percent, the automaker said late Tuesday. The Japanese automaker said in Japan its Toyota unit sold 4.53 million vehicles in the first half of the year, up 3.1 percent, while its Daihatsu unit was up 10.4 percent to 488,000 and its Hino Motors unit was up 2.6 percent to 80,000. General Motors Co. fell to third place, selling 4.92 million vehicles, up 1.4 percent, while Volkswagen AG sold 4.97 million vehicles in the first half of the year, up 5.9 percent. Including heavy truck sales, VW topped GM for second place in 2013 with 9.73 million cars and trucks in 2013, compared to GM's 9.71 million.
Source: The Detroit News

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Fiat Second Quarter Profits Fall 55%

Fiat's second quarter profits fell 55% during the second quarter as industry sales in South America fell and the cost of incentives and product launches in the U.S. hurt the company's performance. Fiat, Chrysler's parent company, said it earned a net profit of 197 million euros ($264 million) for the three months ending June 30 compared with 435 million euros ($583 million) for the same period a year ago. The automaker's earnings before income and taxes dropped to 961 euros ($1.3 billion) compared with 1.1 billion for the same period a year ago. The company's profits dropped sharply even though total sales of cars and trucks increased 2% to 1.18 million.
Source: Detroit Free Press
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Near-Record Auto Lending Drives Ally Q2 Profit Higher

Ally Financial Inc. originated near-record auto lending volume, and added more than 900 U.S. dealerships since a year ago, to produce a comeback in net income in the second quarter. Ally said it posted net income of $323 million for the second quarter compared with a net loss of $927 million during the same quarter last year. The year-ago loss was tied to a $1.6 billion settlement in the bankruptcy case of Residential Capital, better known as ResCap.
Source: Automotive News
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Small Cars Struggle in Latest Round of IIHS Crash Tests

Mini Cooper Countryman receives only 'good' rating out of 12

Small cars performed poorly in a new round of insurance industry crash testing, with the four-door Mini Cooper Countryman receiving the only good rating of 12 cars evaluated. Meanwhile, the lithium ion electric batteries of the Chevrolet Volt plug-in hybrid and Nissan Leaf electric vehicle survived during their first Insurance Institute for Highway Safety tests with no problems reported. The cars were evaluated using the institute's small overlap front crash test.
Source: Automotive News
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Retired Pro Football Players Plan to Open Car Dealerships

They were teammates in the National Football League, and now Jessie Armstead and Antonio Pierce have teamed up in business. In a few weeks, they hope to break ground on car dealerships and an automotive detailing shop that will employ 200 people in Hazle Township, [Pa.].... Pierce and Armstead plan to open Nissan, Kia and Honda dealerships and the detailing shop. Their business partnership grew from when they played together for Washington in the 2002 and 2003 seasons. Armstead retired from football first, attended the academy of the National Automobile Dealers Association and opened Hamilton Honda with Mike Saporito in Hamilton, N.J., in 2009. Pierce finished with football in 2009 after spending his last five seasons with the New York Giants, the team on which Armstead played for his first nine years, and also went to the auto dealers academy.
Source: The Citizens' Voice (Wilkes-Barre, Pa.) 

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Quotable

"Buying a car is a ... complicated purchase with financing, titling, registration, insurance and trade-ins. Because cars are expensive and car buying is complex, governments set up dealer franchise laws to protect consumers, and dealers make this complex process simple."

   
-- A new NADA video explains how dealer franchise laws protect consumers and provide a competitive business environment, NADAFrontPage.com, July 30

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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 .