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Fertile ground

November 22, 2010

In a victory for NADA dealers, President Bush on April 20 signed into law the most sweeping reform to bankruptcy legislation in 25 years. Grassroots support helped to shepherd the legislation.
The new law includes a provision to help dealers protect their secured credit for a motor vehicle when a customer files for bankruptcy. More than 1 million Americans declare bankruptcy each year.
Sen. Orrin G. Hatch (R-Utah), who fought for the measure for eight years said: "We want to give our neighbors who get in over their heads a chance to get out of their financial troubles. But for some, it is a way to avoid personal responsibility. There is something inherently unfair about denying full restitution to creditors."
In a statement, President Bush said, "Reforming the system with this commonsense approach, more Americans-especially lower-income Americans-will have  greater access to credit."
The NADA appreciates the assistance of dealers nationwide for making their views heard on this important issue. Information on the Senate bill is posted to Click on Government Affairs. Then, in the right-hand "News" box, click on "Bankruptcy Bill on Senate Floor Includes NADA Provisions."
April also is a great month for videos. Look for the NADA-TV logo on and see video coverage that puts you in the midst of NADA news and events.
Using new features
• NADA-24 is taking off. This customer loyalty tool is quick, easy and inexpensive, and it lets dealers know almost immediately what needs to be done to bring customers back. 
Visit and click on the NADA-24 icon to join dealers who already are taking advantage of this new member benefit.
• Membership Committee Chairman Larry Brown urges everyone to take advantage of the new online member update feature, to be sure the NADA has your current information. Speaking of which, while you're on the Services tab, click on NADA Associate to keep your key employees on top of the news, events and education that affect your dealership.
Upcoming NADA seminars
• "Fast Track Training for General Managers," Fort Lauderdale, Fla., May 10-13
• "Take Control of Your Service Department," Boston, May 10-13 
• Non-traditional Solutions to Fixed Operations," Denver, May 24-25
Visit or call 800/252-6232, Ext. 2 for all information on upcoming NADA seminars.
Stay in touch with me so that I can help when you have a concern, compliment or idea to share.