Regarding "Dealership closings turn NADA into battleground" (Aug. 24): A couple of important points were overlooked.
One, the article fails to note that the National Automobile Dealers Association's proposal to help affected dealers has the full backing of the Automotive Trade Association Executives (ATAE), which represents state and metro dealer groups around the country, and the National Association of Minority Automobile Dealers (NAMAD).
Second, it fails to include the substance of the NADA proposal. NADA, ATAE and NAMAD seek to accomplish two main goals:
1. A transparent appeals process that offers a realistic opportunity for reinstatement.
2. Fair and proper financial compensation for affected dealers who are not reinstated.
We believe the proposal provides the best opportunity to obtain meaningful relief for all affected dealers.
Since the onset of the credit crisis last September, dealers have had to face a series of historic challenges, none of their own making. NADA has been aggressively engaged in support of dealers -- with Congress, the White House, the regulatory agencies, the manufacturers, the investment community, the courts, the media and the public. We will continue to press forward on all fronts.
Having said that, we are proud of what we have achieved, including helping to secure the original loans that enabled General Motors and Chrysler to continue operations. That success alone allowed all of us to live to fight another day. We also have spent countless hours helping to move the credit markets toward stability, and we have focused on boosting auto sales, getting two stimulus bills enacted (auto sales tax deductibility and cash for clunkers).
With a large, diverse membership, NADA is well-accustomed to vigorous internal debate. To us, that's a sign of health. What's important is to build a consensus to move forward. We have done that.
Given the unprecedented nature of the issues we face, that is perhaps one of NADA's biggest successes.
Source: Automotive News
Editor's Note: The Letter to the Editor by NADA President Phil Brady appears in today's issue of Automotive News.
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