NADA’s Dealership Workforce Study is the leading report in benchmarking compensation, benefits and employment retention in the automotive retail industry.
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Feb. 25, 2020
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Act Now: Complete the 2020 Dealership Workforce Study on Behalf of Your Dealership

NADA’s Dealership Workforce Study is the leading report in benchmarking compensation, benefits and employment retention in the automotive retail industry. Dealer participation is key to providing key insights for dealerships across the country. Don’t forget to complete the survey by Wednesday, April 15.

For participating, dealers will receive two complimentary reports and access to the Database Search Tool featuring data submitted from past workforce studies. To participate in the 2020 Dealer Workforce Study, click here. Questions can be directed to
Source: NADA

Top Stories

Rejected by Wall Street, Ford’s CEO Has Support Where It Matters
Days after another dismal earnings report, Ford Motor Co. Chief Executive Officer Jim Hackett sent a blunt message during an internal town hall: I’m not going anywhere. If there were any doubts in the crowd about that statement, Hackett underscored it by discussing the early retirement of Joe Hinrichs, a Ford president whom many had seen as a potential successor to the CEO. The comment was a surprising display of force from a man who had just overseen another disappointing quarter that deepened the sell-off in Ford stock during his almost three-year tenure. The reason for such confidence: Hackett, 64, retains the backing of Executive Chairman Bill Ford.
Source: Bloomberg

Vantas Bringing Chinese Vehicles to U.S. in 2021
Vantas, based in Irvine, CA, and part of HAAH Automotive Holdings, displayed two Chery-built SUVs intended for sale in the U.S. at last week's National Automobile Dealers Assn.'s convention and expo in Las Vegas. Both vehicles, the two-row TXL and three-row VX, come from Chery's Exceed brand in China. The TXL currently is available there, while the VX is expected to go on sale soon in China. HAAH Chairman and CEO Duke Hale tells Wards the plan is to sell the TXL in the U.S. in fourth-quarter 2021 and the VX six months later.
Source: WardsAuto

Chinese Electric Carmaker NIO Surges 30% as It Confirms Talks for More Than $1.4 Billion in Funding
Shares of Chinese electric carmaker NIO surged nearly 30% in pre-market trade Tuesday after it said it was in talks for funding and new factories. U.S.-listed NIO said it was in discussions with the government of Hefei. The city is a hub for automakers and the capital of Anhui province, which borders the province of Hubei where the new coronavirus reportedly began. Part of the talks are around specific terms for a funding round which could raise more than 10 billion yuan ($1.4 billion) for the company.
Source: CNBC

U.S. Stocks Climb Following Monday Selloff
U.S. stocks rose Tuesday, showing signs of stabilizing after rising fears about the economic impact of the coronavirus epidemic sent markets tumbling to start the week. The Dow Jones Industrial Average gained 132 points, or 0.5%, to 28091 shortly after the opening bell. The S&P 500 advanced 0.4% and the Nasdaq Composite climbed 0.7%.
Source: The Wall Street Journal


“Harmony in businesses is a good story. And it doesn’t burst out of lack of accountability at all. It’s more, frankly, of a shared view of how much work we have in front of us to transform the company to be really viable for another 50-plus years.”

– Jim Hackett, Ford CEO, Bloomberg, Feb. 25

Upcoming Seminars 

Advanced Variable Operations Management
March 2-6
Tysons, Va. 

Advanced Service Management
March 2-6
Tysons, Va. 

Financial Management Seminar
March 16-20
Austin, Texas

Upcoming Webinar

How To Handle AP Complexities with Multiple Dealerships
Feb. 26

Don’t Forget to Complete the 2019 NADA Data Survey

NADA needs your help to gather data for the 2019 NADA Data report. Don’t forget to take NADA’s two-question survey that takes no more than five minutes. Your participation will inform NADA Data, an annual report examining dealership sales, financial trends and more. Responses will be used anonymously.

The deadline to complete the survey is Friday, March 6. To participate in the 2019 NADA Data Survey, click here.
Source: NADA

Who is your favorite Financial Coach?

NADA is offering a five-day Financial Management Seminar on March 16-2020 in Austin, Texas. This seminar is a great opportunity for your general manager and office manager/controller to learn how to mine information from your financial statement and improve overall operation and profitability.
Source: NADA

NADA 2020 Outlook

With a number of legislative wins under its’ belt and new state-of-the-art facilities, the NADA is in the best position it has ever been to advocate on behalf of dealers and provide them with all the educational tools and resources to run their businesses better.
Source: NADA

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