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Inside this issue
August Auto Sales Reach for Record
Sales Go from Hot to Hotter in 'Almost' Perfect Month
Record Recalls Drive Repair Business to U.S. Car Dealerships
2014 Dealer Charitable Survey Now Open
Auto Leasing Hits All-Time High as Buyers Seek Low Payments
Fiat Says Investor Stock Withdrawals Totaled $610 Million
Toyota Will Expand Active Safety Systems to Entire U.S. Lineup
William Bradshaw and Family Support Local Organizations through the NADA Charitable Foundation
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
August Auto Sales Reach for Record

U.S. new-car sales motored higher in August as an improving economy, generous incentive spending and increased demand for trucks and sport-utilities lifted the annualized selling pace to an eight-year high. Overall, industry sales rose to an annualized 17.5 million pace, according to researcher Autodata Corp., the fastest since January 2006. Auto makers and dealers are forecasting continued strong sales. Steve Szakaly, chief economist for the National Automobile Dealers Association, said he sees no sign of a change in robust buying patterns. Mr. Szakaly said sales could rise even higher in the next five months and 2015 will be even better.
Source: The Wall Street Journal
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Sales Go from Hot to Hotter in 'Almost' Perfect Month

Riding strong U.S. demand for crossovers and big pickups, automakers sold almost 1.6 million light vehicles in August, up 6 percent from a booming year-ago period. In August 2013, auto sales jumped 17 percent. “Last month was one of the best Augusts in many, many years,” said Toyota Division General Manager Bill Fay, who noted that enthusiasm was high at the brand's annual dealer meeting last week.
Source: Automotive News

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Record Recalls Drive Repair Business to U.S. Car Dealerships

Recalls are on a pace to set a new record of more than 30 million this year, analysts said. General Motors is generating the most headlines on recalls, but there are major recalls for several other manufacturers, too. Nobody's celebrating all those recalls, especially since safety defects have been linked with several fatal traffic accidents. But there's no getting around the fact that the massive number of recalls is generating a ton of business for the nation's car dealerships. So much so, that many dealer groups reported earlier they are hiring more technicians so they can keep up with demand. The manufacturers reimburse dealerships for performing recall-related work.
Source: Forbes
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2014 Dealer Charitable Survey Now Open

NADA and Ally Financial are pleased to invite dealers to participate in the 2014 Dealer Charitable Survey. This quick, 10-question survey will help gauge the impact auto dealers have within their communities. All results will remain anonymous.

For every survey that is completed, Ally and NADA will each make a donation to Ways to Work, a nonprofit financial empowerment loan program that helps working families move beyond poverty through access to financial education and reliable transportation.

Click here to participate in this year’s survey.

For results from last year’s survey, view the 2013 press release and infographic.
Source: Ally Financial/NADA
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Auto Leasing Hits All-Time High as Buyers Seek Low Payments

Leasing a car, which has long been popular in select markets, has now become the primary choice for millions of Americans who want to drive a new vehicle. New data from Experian Automotive shows the percentage of new vehicles sold through lease programs hit an all-time high in the second quarter. During the period, 25.6 percent of all new vehicles sold were financed through leases, according to Experian, which tracks millions of auto loans written every quarter.
Source: CNBC
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Fiat Says Investor Stock Withdrawals Totaled $610 Million

Fiat SpA investors exercised 463.6 million euros ($610 million) in cash-exit rights, 7.3 percent less than the limit set by the Italian carmaker to complete a merger with its U.S. unit Chrysler Group LLC. About 60 million shares were submitted by investors at the cash-exit price of 7.727 euros a share, Turin-based Fiat said in a statement. Had the tally exceeded the company's 500 million-euro spending cap, the combination with Chrysler would have been delayed. Fiat said a week ago that the merger is on track for completion by mid-October as the cost of buying out investors who want to pull out wouldn't exceed the limit. The carmaker reiterated that the deal won't be completed should buyout costs for withdrawal rights and creditors opposing the transaction amount to more than the cap.
Source: Bloomberg
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Toyota Will Expand Active Safety Systems to Entire U.S. Lineup

Toyota Division plans to make active safety technology -- including anti-collision systems -- available throughout its entire U.S. lineup by 2017, said Bill Fay, Toyota Division's general manager. Speaking on the sidelines of a safety presentation, Fay told reporters Wednesday that the automaker would start its rollout in the 2015 model year. Fay was vague on details, but hinted that Toyota would gain access to anti-collision systems that Lexus already has introduced.
Source: Automotive News
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William Bradshaw and Family Support Local Organizations through the NADA Charitable Foundation

To encourage his family members to get involved in community service, William Bradshaw has named them Ambassadors of the National Automobile Dealers Charitable Foundation. “By involving family in the Ambassador’s program, you are promoting a legacy of giving back,” said Bradshaw, president of Bradshaw Automotive Group in Greer, S.C., and former chairman of the National Automobile Dealers Association. “The earlier in life people experience the joy and satisfaction of helping others, the more likely they will continue to give back.” Since 2001, Bradshaw has provided 10 grants totaling $17,000 to local organizations, which include the Greenville Tech Foundation, Mitchell Road Christian Academy, Grace Church Pelham and GHS Children’s Hospital.

With a tax-deductible contribution of $10,000, an Ambassador can provide a $1,500 grant every three years in perpetuity. Donors with three or more gifts of $10,000 are designated Ambassadors of Distinction and can provide a $2,000 grant every year in perpetuity. This year, 210 Ambassadors will provide more than $250,000 in grants to organizations supporting a variety of causes from emergency medical services and education to civic organizations. For more information about the Ambassadors program, contact the NADA Foundation at (703) 821-7102 or foundation@nada.org.
Source: NADA Public Affairs
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Quotable
"Dealers are very encouraged by the vibrancy and consistency of the automotive market. We look for continued strength in the months ahead."

   --- Bill Fay, Toyota Division general manager, commenting on strong auto sales in August, Automotive News, Sept. 3

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