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August 31, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Scarpelli: Monetary Relief from NADA Is on Its Way to Texas
Houston Dealers Assess Damage
Donate Today. Help Hurricane Victims in Texas
Americans Go Rogue as Compact SUV Buying Eclipses Family Sedans
IRS Issues Urgent Warning to Beware IRS FBI Themed Ransomware Scam
Top Stories
Scarpelli: Monetary Relief from NADA Is on Its Way to Texas



NADA Chairman Mark Scarpelli talks to Jim Fitzpatrick from CBT News about the impact of Hurricane Harvey in southeast Texas as well as how the NADA is helping the cause.

"We estimate 30,000 to 35,000 people have been affected in the dealership family by these storms," Scarpelli said. "We have funds for dealership employees to help get them back on their feet."

To donate to the NADA Foundation's Emergency Relief Fund or apply for assistance, visit www.nada.org/emergencyrelief.
Source: CBT News

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Houston Dealers Assess Damage

Fort Bend Kia, in the Houston suburb of Rosenberg, Texas, closed last Friday afternoon just hours ahead of Hurricane Harvey's slamming onto land and beginning its days-long run of destruction.

Owner Virgil Skinner, the immediate past chairman of the Houston Automobile Dealers Association, said his small store suffered only minor damage. But he was well aware that many others didn't get off so lightly.

Skinner and current HADA President Wyatt Wainwright, who was told he had to leave his home as a safety precaution, are working on coming up with meaningful responses.

"Wyatt and I were on a conference call" with the National Automobile Dealers Association and Texas Automobile Dealers Association, Skinner said Tuesday afternoon, as patches of sunshine and blue sky started to reappear. "NADA is reaching out with their foundation to help assist affected employees to help them get back on their feet. We were talking about how we can get the word out to them. They're making arrangements to come down to Houston next week to shoot video that will be used for fund-raising efforts. There's also an significant undertaking underway to email member dealers and alert them to the financial support available and how their employees can begin the process to obtain the assistance."
Source: Automotive News



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Donate Today. Help Hurricane Victims in Texas



NADA launched a video highlighting the need for local dealers across the country to contribute the NADA Foundation's Emergency Relief Fund to support dealership families impacted by the destructive hurricane and flooding in southeastern Texas.

"Donating to the NADA Foundation’s Emergency Relief Fund is an effective way to provide financial assistance quickly to dealership families affected by Hurricane Harvey," said Annette Sykora, chairman of the NADA Foundation. "Local dealerships nationwide are like a big extended family. When one of us hurts, we always come together to help."

Dealership employees affected by the flooding can apply for financial assistance. (Lost wages or commissions are not eligible for reimbursement from the fund.)

The NADA Foundation is also calling on dealers, dealer association groups and others to donate online to its Emergency Relief Fund, which is dedicated exclusively to providing financial assistance to dealership employees.

Personal or corporate checks can be made payable to Emergency Relief Fund, c/o NADA Foundation, 8400 Westpark Drive, Tysons, VA 22102. For more information, call 703.821.7102. (Donations to the NADA Foundation are generally tax-deductible; contributors should consult their tax advisors for details.)
Source: NADA Foundation

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Americans Go Rogue as Compact SUV Buying Eclipses Family Sedans

Toyota Motor Corp.’s U.S. sales chief predicted in late 2015 that the RAV4 would outsell Camry within five years. It won’t take nearly that long. Family sedans like Toyota’s Camry -- the top-selling U.S. car the last 15 years -- will be surpassed for the first time by a trio of compact sport utility vehicles: the Nissan Rogue, Toyota RAV4 and Honda CR-V. Until Hurricane Harvey hit, some analysts expected strong demand for these models to pace the industry’s first monthly sales gain this year in August.
Source: Bloomberg

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IRS Issues Urgent Warning to Beware IRS FBI Themed Ransomware Scam

The Internal Revenue Service on August 28 warned people to avoid a new phishing scheme that impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage. The scam email uses the emblems of both the IRS and the Federal Bureau of Investigation. It tries to entice users to select a “here” link to download a fake FBI questionnaire. Instead, the link downloads a certain type of malware called ransomware that prevents users from accessing data stored on their device unless they pay money to the scammers.
Source: IRS

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Quotable
"Donating to the NADA Foundation’s Emergency Relief Fund is an effective way to provide financial assistance quickly to dealership families affected by Hurricane Harvey. Local dealerships nationwide are like a big extended family. When one of us hurts, we always come together to help."

    -- Annette Sykora, chairman of the NADA Foundation, NADA Blog, August 29

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