View Web Version

SPONSORED BY
NADA.org
October 3, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
New Video: NADA Chairman Calls on Dealers to Help Families Rebuild after Flood Disaster in Louisiana
Volkswagen Agrees to $1.2 Billion Compensation for U.S. Dealers
Keith Crain: Cadillac Is Headed the Wrong Way
NADA Chairman: Vehicle Affordability Is Under Attack -- And Not Just From Washington, D.C.
Editorial: Detroit Should Seize Mobility
CPO Forum in Las Vegas Offers Free, VIP Passes to NADA Member Dealers and Managers
Top Stories
New Video: NADA Chairman Calls on Dealers to Help Families Rebuild after Flood Disaster in Louisiana

Adopt a dealership family by donating today at www.nada.org/emergencyrelief.

DENHAM SPRINGS, La. – More than a month after the devastating floods that swept through southern Louisiana, financial assistance for hundreds of dealership employees and their families is still needed.

NADA Chairman Jeff Carlson visited All Star Ford in Denham Springs, La., to survey the flood damage more than a month after the storm, which has been categorized as the worst U.S. natural disaster since Hurricane Sandy. “You don’t realize the magnitude of the damage until you see it for yourself,” Carlson said.



“Here’s the ask: I would like for you to do what we have done,” said Carlson, in a plea to dealers across the country to donate to the National Automobile Dealers Charitable Foundation’s Emergency Relief Fund. “Each of my dealerships has adopted a family and contributed $1,000 per store to the charitable foundation, so that we can help people restore their lives down here in the Baton Rouge area.”

Matt McKay, president of All Star Ford, said 130 out of his 800 employees at 11 dealerships, lost their homes. “It’s gone. It’s totaled. “About 70 percent of my employees lost their cars.”

“We’re working very hard trying to identify the ones who’ve had the biggest problems and visit with them first to try and help them with their paperwork, with the state, with FEMA and all those things,” McKay added. “Just to have a light at the end of the tunnel.”

Will Green, president of the Louisiana Automobile Dealers Association, added that donations to the NADA Foundation are critical to help dealership employees get back to work quickly and establish normalcy.

“Donations are not only vital now, but it’s vital to have a resource always and to have it solvent with funds readily available to help people quickly,” Green said.

To donate, visit www.nada.org/emergencyrelief or call 703.821.7233. Personal or corporate checks can be mailed to NADCF Emergency Fund, c/o NADCF, 8400 Westpark Drive, Tysons, VA 22102. (Donations to the NADA Foundation are generally tax-deductible; contributors should consult their tax advisors for details.)
Source: NADA Foundation

[back to top]

Volkswagen Agrees to $1.2 Billion Compensation for U.S. Dealers

Volkswagen AG has agreed to pay up to $1.2 billion to its 652 U.S. dealers as compensation for a long emissions cheating scheme, deepening penalties the German auto maker faces. Dealers will receive an average payout of $1.85 million apiece in the settlement, according to filings made Friday in U.S. District Court in San Francisco. Volkswagen over the summer agreed to pay up to $15 billion in a separate settlement with federal regulators and consumers, and the additional $1.2 billion was disclosed in the Friday filings.
Source: The Wall Street Journal

[back to top]

Keith Crain: Cadillac Is Headed the Wrong Way

Cadillac's offer of pennies on the dollar to longtime and loyal dealers seems to be a move in the wrong direction. Many of those dealers have sold and serviced Cadillacs for decades. Even if they sell only a few vehicles each a month, they are helping provide coast-to-coast customer-service coverage that is unmatched in the luxury field. What's more, many of those smaller dealers need Cadillac as an anchor for their other General Motors franchises.
Source: Automotive News

[back to top]

NADA Chairman: Vehicle Affordability Is Under Attack -- And Not Just From Washington, D.C.


DETROIT – In NADA’s upcoming annual policy outline to the Automotive Press Association in Detroit, NADA Chairman Jeff Carlson will discuss his association’s ongoing efforts to push back against the numerous threats – emanating from Washington and elsewhere – to vehicle affordability, and to the consumer savings that result from a vibrant franchised dealer network.

TIME & DATE: 11:30 a.m., Wednesday, Oct. 5, 2016
LOCATION:
Detroit Athletic Club

Carlson is a Ford and Subaru dealer in Colorado, and represents Colorado’s new-car and -truck dealers on NADA’s board of directors. NADA represents nearly 16,500 new-car and -truck dealerships, with both domestic and international franchises.

To register, contact Bruce Weintraub at automotivepressassociation@gmail.com.  
Source: NADA

[back to top]

Editorial: Detroit Should Seize Mobility

Detroit is in a unique position to be a global leader in the long-term deployment of mobility-focused transportation solutions — and not only because it is the automotive capital of the world. The city’s mission to restructure post-bankruptcy, along with its still high numbers of unemployed or low-income residents without access to public or private transportation, make Detroit the perfect place to test new transportation models at a municipal level.
Source: The Detroit News

[back to top]

CPO Forum in Las Vegas Offers Free, VIP Passes to NADA Member Dealers and Managers

CPO Forum - America’s Used Car Conference, presented by AutoTrader, will be held Nov. 14-15, 2016, at the Red Rock Resort in Las Vegas as part of Used Car Week 2016. As a special offering for this year’s event, sponsors have joined with the conference to offer a limited number of free, VIP tickets to NADA member dealers and managers. To claim your VIP ticket to this event, visit http://cpo.autoremarketing.com and enter the discount code: NADACPO.

The CPO conference will highlight best practices, provide insight into the data and metrics behind the CPO surge and provide dealers and managers with important information and guidance on maximizing CPO sales. For more information, contact Bill Zadeits at bzadeits@cherokeemediagroup.com or 919.674.6020 ext. 117.
Source: CPO Forum

[back to top]

Past Articles
         
       
      Quotable
      "You don't realize the magnitude of the damage until you see it for yourself."

          -- NADA Chairman Jeff Carlson, who visited All Star Ford in Denham Springs, La., to survey the flood damage more than a month after the storm, NADA Video, Oct. 3
       
      Sponsored by

      NADA Foundation


      NADA Convention
      NADA Videos

      Dealership Families in Louisiana Still Need Help After Flooding


      NADA Foundation's Annette Sykora Urges Dealers to Donate to Louisiana Relief Fund



      Dealership Employee Jeramiah Baker Recounts Devastating Flood Damage in Baton Rouge


      NADA President Peter Welch Calls on Dealers to Support Families Affected by Louisiana Flooding





      NADA Testifies at Congressional Hearing on Fuel Economy Rules


      NADA100 Video: Don Wassel Works in Auto Retailing for 53 Years


      Introducing NADA Academy Plus
      NADA Webinars
      NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.
      NADA Chairman's Commentary
      Support NADA's Baton Rouge Flood Relief Efforts
      Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
      NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.