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Lott, NADA beat drum for bill on Katrina cars

November 17, 2010
By Ray Scarpelli Sr., Metro Chicago NADA Director
 

David Regan, the NADA’s vice president for legislative affairs, said his group supports a bill that would require auto insurers to provide vehicle information to a searchable database when they declare a car or truck a total loss. Sen. Trent Lott (R-Miss.), the bill’s sponsor, said he wants interest groups and fellow lawmakers to press for the insurance industry changes before memories of Hurricane Katrina fade.  

The goal is to protect consumers and dealers from unknowingly acquiring flood-damaged or wrecked vehicles that have been repaired and issued new titles.

 

Regan said the NADA supports Senate Bill 545 because "we think there are instances every year in which vehicles declared a total loss are not retitled as salvage or flooded, and dealers want to know what they’re buying at auctions. There is concern because there are reports that Katrina vehicles are circulating at the wholesale level, where reconditioned cars are auctioned to dealers."  

Lott, the No. 2 Republican in the Senate, said he fears the impetus for insurance reform will be lost unless action is taken soon. Lott spoke at a Senate Commerce Committee hearing in April on the insurance industry and its responses to natural disasters.

 

NADA Web site enhanced

The NADA has unveiled a series of new features on its recently redesigned Web site, www.nada.org. The site’s home page now offers even more news and information designed for the business-savvy dealership. Visitors to the site now receive a comprehensive industry snapshot, including the following features:

 

  • A display of the main stock market indices: the Dow, NASDAQ, S&P, 10-year Treasury, and composites for automobile manufacturers and publicly traded automobile dealers;
  • Customized weather information; 
  • Links to major newspapers, magazines, broadcast networks and wire services; and 
  • Links to major airlines and popular travel sites.  

These resources are more good reasons to make www.nada.org your home page of choice. To set your Internet Explorer browser to display the nada.org home page automatically, open Internet Explorer, then from the top select "Tools," then "Internet Options."

 

Once the "Internet Options" pop-up box appears, look under the "General" tab for the "home page" heading, where you can choose your home page. Typehttp://www.nada.org in the "Address" field, then click the "OK" button to save your changes.  

Energy Star program helps dealers turn green

Dealers can save money and move toward green solutions with help from a partnership between the NADA and the Environmental Protection Agency’s Energy Star program.

 

The program offers a variety of cost-effective retrofit and new-construction strategies involving energy efficient lighting, climate controls, equipment, and building design. Many of those strategies reap considerable cost savings. For information, go to www.energystar.gov/index.cfm?c=small_business.sb_autodealer.  &​nbsp;  

The NADA’s "A Dealer Guide to Energy Star: Putting Energy Into Profits" can be ordered for $30 by NADA members or for $50 by nonmembers by calling 800-252-6232 ext. 2.

Team up with NCAA athletes

Thousands of NCAA athletes are graduating from college this month and will join the more than 500,000 former collegiate and professional athletes around the country who are looking for rewarding and challenging careers, such as those offered in dealerships.

 

To help dealers recruit and retain a high caliber of talent, the NADA has teamed with the Collegiate Recruitment Team (CRT), which helps former NCAA student-athletes find jobs.

 

For a one-time fee of $25, dealers can advertise an unlimited number of open positions on the CRT Web site. In addition, CRT and its foundation will give any NCAA alum $2,000 towards the purchase of a new or used vehicle at a registered dealership.

 

To register: 
1.  Visit www.crtjobs.org;  
2. click on "Employers" in the upper right corner; 
3. choose "Click here to register"; 
4. complete the required information and choose "Submit"; 
5. choose "Pricing Plans," then "NADA Plans"; 
6. complete and submit payment information.

 

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