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Inside this issue
Video: Sunday Highlights from the 2016 NADA Convention
Peyton Manning Talks Teamwork
Diess Extends a Flimsy Olive Branch to Volkswagen Dealers
Experts: Public Groups to Take a Back Seat in '16 Buy-Sells
Hyundai Dealers to Get More Crossovers
Top Stories
Video: Sunday Highlights from the 2016 NADA Convention

More than 25,000 new-car and -truck dealers and their managers, as well as dealers from over 30 countries, auto industry executives and exhibitor staff attended the 2016 NADA Convention & Expo in Las Vegas, which ran from March 31 to April 3. Click here for highlights from Sunday.
Source: NADA

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Peyton Manning Talks Teamwork

When former NFL quarterback Peyton Manning walked on stage to speak at the NADA Convention & Expo in Las Vegas on April 3, thousands of attendees leapt to their feet to applaud the man who recently overcame incredible personal odds to lead the Denver Broncos to victory over the Carolina Panthers in Super Bowl 50. But Manning’s speech that highlighted the importance of inspiring teamwork to gain victories proved that his understanding of business is equal to his skill as a top athlete. Every business or profession has great leaders but they also have many leaders who are frauds,” said Manning, the NFL’s only five-time Most Valuable Player and a 14-time Pro Bowl selection. “Every business or profession has great leaders, but there are many leaders under construction, who are working toward becoming someone others will follow. No one starts out as leader, it doesn’t matter if you title is quarterback, mother or CEO.”
Source: NADA

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Diess Extends a Flimsy Olive Branch to Volkswagen Dealers

Volkswagen dealers in the U.S. will get more vehicles to sell this year and next, but there’s still no word on possible reparations or when to expect a diesel emissions fix. At a meeting with dealers at the National Automobile Dealers Association convention on Saturday, Volkswagen brand chief Herbert Diess promised to “redefine” the brand and boost shipments of popular models, Automotive News has reported. The meeting aimed to calm the fears of increasingly frustrated dealers while providing some certainty about product strategy. Despite promising to carry on with the strategy favored by departed Volkswagen of America CEO Michael Horn, Diess’ reassurances didn’t win over everyone. Steve Kalafer, owner of a 17-franchise New Jersey dealership group, said the promises were “broad statements” and “nothing more than more of the same.”
Source: The Truth About Cars

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Experts: Public Groups to Take a Back Seat in '16 Buy-Sells

Private, outside buyers to dominate as prices stabilize

Well-capitalized private dealership groups and outside buyers, such as family offices and private equity firms, will dominate buy-sell transactions this year -- as publicly traded retailers dial back, buy-sell advisers predict. "The public companies, largely because their stock prices have fallen significantly over recent months, are saying their cash is better used buying back stock or buying dealerships other than U.S. auto retail -- England, Brazil and, in Penske's case, commercial-truck operations," said Alan Haig, president of Haig Partners in Fort Lauderdale, Fla.
Source: Automotive News

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Hyundai Dealers to Get More Crossovers

Hyundai plans to get more crossovers into the hands of U.S. dealers who are growing increasingly concerned with the brand’s car-heavy mix amid a surge in demand throughout the industry for crossovers. The news came at the brand’s annual make meeting at the NADA convention on Sunday. Hyundai executives told dealers it plans to nearly double the allocation of the extra 40,000 Tucson compact crossovers the U.S. received last year. The automaker is already in the midst of retooling its Montgomery, Ala., plant to bring another 50,000 Santa Fe Sport models onto the market annually.
Source: Automotive News

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          "Leaders must assess the competitive landscape to help their businesses compete."

             ---  Former NFL quarterback Peyton Manning, during remarks at the NADA Convention & Expo in Las Vegas, NADA, April 3

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