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September 1, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Automotive News: NADA Emergency Fund at Risk of Running Dry
Video: Metro Auto Dealers in Oklahoma City Donate to Hurricane Relief Efforts
Storm Has Car Dealers Doing Swift Business, if They Can Open
Expect Post-Hurricane Car-Buying Surge
Donate Today. Help Dealership Families Impacted by Hurricane Harvey
Top Stories
Automotive News: NADA Emergency Fund at Risk of Running Dry

The National Automobile Dealers Association's Emergency Relief Fund is at risk of running dry. Dealership employees eligible for assistance from the fund because they were harmed by Hurricane Harvey are filing applications for aid faster than donations are coming in.

In the past 36 hours, the fund received more than 100 applications for aid, for a maximum of $1,500 per recipient. NADA estimates that from 30,000 to 35,000 dealership employees have been impacted. Dealer principals are ineligible for assistance. On Wednesday evening, Aug. 30, alone, the fund received 70 applications. That represents potentially $105,000 in assistance -- and a pace of requests that could empty the fund completely.

On Sept. 7, [NADA Chairman Mark] Scarpelli, NADA President and CEO Peter Welch and Annette Sykora, chairman of the NADA Foundation and dealer principal of Smith South Plains in Levelland, Texas -- between Lubbock and the New Mexico border -- will tour dealerships to distribute aid checks.

Wyatt Wainwright, president of the Houston Automobile Dealers Association; Steven Wolf, chairman of the Houston association; Bill Wolters, president of the Texas Automobile Dealers Association; and TADA Chair Carroll Smith will also be in attendance.

The group also plans to create videos of the situation on the ground to aid NADA's fund-raising efforts.
Source: Automotive News

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Video: Metro Auto Dealers in Oklahoma City Donate to Hurricane Relief Efforts

Dale Daniels, secretary/treasurer of the Oklahoma City-based Metropolitan Auto Dealers Association's board of directors stopped at "Living Oklahoma" to discuss the group's hurricane relief efforts.

The dealer association is donating $50,000 for auto dealership employees in south Texas who have been hit hard by Hurricane Harvey.

"We've made a donation early this week to the Houston area relief effort of $50,000. And that's a small drop in the bucket for what they need help with, but it's something that we've been affected by, some catastrophes right here in Oklahoma and we received that help from other dealers across the nation and we wanted to do our part," Daniels said.

The donation is being made through an emergency relief fund established by the National Automobile Dealers Association.
Source: Fox 25 News (KOKH)

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Storm Has Car Dealers Doing Swift Business, if They Can Open

As Harvey moved on and patches of blue sky finally appeared over Houston on Thursday, hundreds of car dealerships began reopening across the rain-soaked region — and at least a few were doing a brisk business.

South of Houston, in Alvin, the Ron Carter group of four dealerships had customers coming in shortly after the doors opened at 7 a.m. “There are some people looking to buy,” said Cary T. Wilson, the owner of the franchises. “But you’re also going to have a long list of service work for people whose cars have water damage and need to get back on the road.”

Harvey destroyed or damaging tens of thousands homes across hundreds of square miles in the Houston area and ruined a vast number of vehicles in a region that relies heavily on them. As many as 500,000 vehicles — already on the road or still on dealer lots — will need to be replaced, according to an estimate by Cox Automotive, a research firm.
Source: The New York Times

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Expect Post-Hurricane Car-Buying Surge

The devastating impact of Hurricane Harvey will have far-reaching effects on the auto industry, from scrapping flood-damaged vehicles to replenishing dealership inventory. And after the immediate impact of the storm is over, dealers can expect something of a sales boon. That’s because of a typical pattern of auto sales when natural disasters hit an area.

The National Automobile Dealers Association is appealing to dealers across the country to contribute to the NADA Foundation’s Emergency Relief Fund to support dealership families affected by the destructive hurricane and flooding in southeastern Texas.

“Local dealerships nationwide are like a big extended family,” says foundation chairman Annette Sykora. “When one of us hurts, we always come together to help.”
Source: WardsAuto

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Donate Today. Help Dealership Families Impacted by Hurricane Harvey

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.

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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"We have potentially more going out the door than we have collected at the moment. We have requests already in for $150,000 in aid. So the need for support, the need for aid, is great, and we are there to help."

    -- NADA Chairman Mark Scarpelli, commenting on the dire need for donations to the NADA Foundation's Emergency Relief Fund, Automotive News, August 31

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