Help Preserve Dealer-Assisted Financing - House Votes This Morning!

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CFPB Indirect Auto Financing Reform to be Voted on in the House This Morning

Take action with your elected representative NOW!

H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act of 2015, introduced by Congressman Frank Guinta (R-NH), will be voted on in the House TODAY at 10 a.m. PST.

Take a moment this morning to ask members of the House of Representatives to support legislation to reform the CFPB Indirect Auto Financing Guidance and vote YES on H.R. 1737.

There are a few ways to reach out to your representative:

CALL: Dial the Capitol Operator at 202-225-3121 and ask for your Representative (click here to find your Representative). Let the staff person who answers the phone know you are a constituent, a business owner and a strong supporter of H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act of 2015.

Talking points:

Vote YES on H.R. 1737
HR 1737 would rescind the indirect auto guidance and requires complete transparency by the CFPB and its processes, if the guidance is reissued.
The legislation does not alter the CFPB's structure or modify its jurisdiction.
H.R. 1737 does require the CFPB to provide notice and a public comment period; consult with the Federal Reserve Board, Federal Trade Commission, and Department of Justice; make public the data and analysis done for the guidance; and study the impact of its guidance on consumers, minority-owned businesses, and small businesses.
The legislation passed out of the House Financial Services Committee in July with a strong bi-partisan vote.

TWEET: Find your Representative's verified Twitter account by clicking HERE. Sample Tweet: insert Congressional Twitter handle Vote YES on HR 1737 #ReformCFPB.

SEND A LETTER: Send a letter today to your Representative by clicking HERE. Urge your GM, your sales manager, your finance manager, and your entire team to join you.

Every contact counts. Do it today!

Northwood University Offers Dealership Fixed Operations Course

You and your employees have the opportunity to take Northwood University classes without seeking a full bachelor's degree. Classes are taught one

night a week for eight weeks. Next semester, a course entitled Dealership Fixed Operations will take place Monday evenings January 11 through February 29, 2016, and enrollment is now open.

Dealership Fixed Operations studies the management of the mechanical service department, the body shop department, and the parts department of American franchised automobile dealers. The class will emphasize repair order generation and control, shop utilization, scheduling of work, employee selection and motivation, technician productivity and efficiency. The course will also emphasize the relationship between the parts and service departments, retail counter sales, wholesale parts sales, inventory ordering and turn, stock and non-stock parts numbers, level of service, stock order performance, and part phase-in/phase-out criteria.

Contact the Northwood University center for more information at 562-653-7852 or leutheus@northwood.edu.

Paul Webb Offers Free Downloadable Sales Book

As a gift to SMCDA members, Paul Webb presents his new book:

The Number One Best Selling Book ... For Automotive Sales Professionals

You can download it here:

http://thenumberonebestsellingbook.com/free/

With endorsements from Chip Perry (President of AutoTrader.com), Mitch Golub (President of Cars.com) and Dale Pollak (Founder of vAuto) this book seeks to increase vehicle sales by building rapport with customers.

Industry News
Perhaps you've already seen the following industry headlines, but just in case, here they are again.

H.R. 1737 will create transparency at the CFPB and maintain affordable auto credit
The Hill
Today alone, tens of thousands of American consumers will purchase a new car or truck, and the overwhelming majority of consumers who finance their purchase will take advantage of optional financing offered through a dealership.

Honda finds marketing rhythm
Automotive News
It's a hot October afternoon at the annual Austin City Limits Music Festival, and revelers have found shade anywhere they can: the few trees dotting the park where the event is held; a camp chair from home with a built-in awning; and the Honda HR-V parked on a small stand next to the festival's artist-signing shack.