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September 8, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Houston Dealership Employee James Lloreda: ‘We Are Starting Over’
Dealer Community Takes a Lead in Hurricane Harvey Relief Efforts
Car Dealers See Opportunity as Harvey Roils Used Market
AutoNation Shutters 35 Florida Stores as Hurricane Irma Approaches
When Catastrophe Strikes: Recovering Business Losses
Top Stories
Houston Dealership Employee James Lloreda: ‘We Are Starting Over’


James Lloreda with his daughter, Haley, and wife, Christine. (Photo: James Lloreda)

Just past midnight, about 36 hours after Hurricane Harvey first made landfall in southeast Texas, flood water began seeping through a side bedroom and front door of James Lloreda’s home in Dickinson, Texas, about 25 miles southeast of Houston. “The night of the storm, we heard loud thunder and lightning, very hard rain and the wind started picking up,” said Lloreda, a used-car manager at Ron Carter Automotive in Alvin, Texas, who began working at the dealership 16 years ago. “We lost power within 30 minutes. We could not see.”

As the water began to rise, Lloreda, along with his wife, Christine, and daughter, Haley, saved what they could, placing pictures and clothes in plastic containers and putting them in the attic. “My wife and daughter were crying and scared. The water was coming up so fast we didn’t know what to do,” he added. “When you looked outside my home it looked like a river. We panicked. We had nowhere to go. We were trapped.” Early the next morning, Lloreda and his family were rescued in a boat and spent one night in a shelter. They are currently staying with relatives. Click here for the full article.

The NADA Foundation is 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. As of September 7, the NADA Foundation’s Emergency Relief Fund has received more than 500 applications from dealership employees requesting financial assistance in the wake of Hurricane Harvey.

Dealership employees who sustained personal property damage caused by the hurricane and flooding can apply for financial assistance. (Lost wages or commissions are not eligible for reimbursement.)

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

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Dealer Community Takes a Lead in Hurricane Harvey Relief Efforts


This week, NADA’s leadership met with dealers and dealership employees impacted by Hurricane Harvey in southeastern Texas. Nearly 40 employees at McRee Ford in Dickinson, Texas, suffered significant damage to their homes, many losing everything after the hurricane, the dealership reported on its website. Pictured (l-r): NADA Chairman Mark Scarpelli; Mitchell Dale, co-owner of McRee Ford; NADA Foundation Chairman Annette Sykora; and NADA President and CEO Peter Welch. (Photo: NADA)

AutoNation employees share accounts of community service in hurricane-ravaged Texas


As the news cycle inevitably shifts, the Gulf Coast region in Texas is only just beginning its recovery process. And for the dealership employees who sustained property damage from Hurricane Harvey, the impact will be felt for years to come.

NADA President and CEO Peter Welch, NADA Chairman Mark Scarpelli and NADA Foundation Chairman Annette Sykora are currently in Houston meeting with relief workers and delivering much needed resources to dealership employees.

The NADA Foundation’s Emergency Relief Fund has received more than 500 applications from dealership employees as of Sept. 7.

The NADA Foundation is asking dealers across America to donate $1,000 per store to help dealership families during this difficult time. Many dealers, manufacturers and associations have already stepped up in a big way, but requests for aid are still coming in faster than the Emergency Relief Fund can currently support. Click here for the blog.
Source: NADA Blog

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Car Dealers See Opportunity as Harvey Roils Used Market

After Harvey wiped out $15 million worth of Friendly Ford’s inventory, the dealership in Crosby, Texas, has taken only one shipment of seven vehicles, according to Blake Salinas, a sales manager. “We are having difficulty getting fresh inventory down here,” Salinas said by phone Wednesday. While Ford has told the dealership that vehicles are being rerouted from other parts of the country, “we haven’t seen that effect yet,” he said. Some Ford dealers outside of Texas will be forgoing shipment of vehicles they’re supposed to get this month and next, telling the manufacturer to redirect them to the state, said Said Deep, a company spokesman.
Source: Bloomberg

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AutoNation Shutters 35 Florida Stores as Hurricane Irma Approaches

Retailers, auction houses, distributors brace for Category 5 storm

AutoNation Inc. is among the retailers bracing for Hurricane Irma's impact in South Florida this weekend. The company told employees Thursday that it's closing all 35 of its stores in Dade, Broward and Palm Beach counties, as well as Fort Myers, at 5 p.m. ET Thursday. The notice says the stores also will be closed Friday, but it's possible that the closures will last through the weekend, said AutoNation Chief Marketing Officer Marc Cannon.
Source: Automotive News

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When Catastrophe Strikes: Recovering Business Losses
By Anthony J. Allison, Jeremy C. Epstein and Eric L. Proctor

When a traumatic event like a hurricane destroys a company’s assets or disrupts its earnings, management must focus on making the strategic decisions necessary to repair or replace the damaged assets and restore operations. As soon as possible after the event, management should determine if the lost or damaged assets are covered by the company’s insurance policy and, if so, what proof of claim information is required to recover the loss. Click here for the full article.
Source: Crowe Horwath

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Quotable
"I lost 80 percent of everything in my home. The furniture is gone. We tried to save as much as we could."

    -- James Lloreda, a used-car manager at Ron Carter Automotive in Alvin, Texas, commenting on the damage caused by Hurricane Harvey, NADA Blog, Sept. 8

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