New EPA Estimates Could Shock Consumers; Hybrids Take Biggest Hit

New EPA Estimates Could Shock Consumers; Hybrids Take Biggest Hit

Federal gas mileage estimates will drop for 2008 model year vehicles
Expected to be 12%-30% lower than for 2007 MY vehicles
For gas-electric hybrid cars, drop will be 20%-30%
New EPA rules consider extreme temperature changes, varying road grades
Consider use of power-sucking devices such as air conditioners, aggressive driving
As in past, new tests conducted in laboratory environment
Significant Points
New, lower mileage ratings do not mean auto technology moving backward
Federal government's testing has moved forward; become more realistic
EPA procedures don't guarantee mileage ratings on window sticker same as on road
Past federal mileage ratings out of sync w/ real-world experience
Simplified mileage statement label helps consumers compare fuel economy
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http://www.automotivedigest.com/view_art.asp?articlesID=23368
Sourced From: Detroit News, October 27, 2007

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Are you a buy here pay here dealer? Are you carrying some auto paper you would like to turn into cash? Maybe you could use some extra cash to buy more inventory for tax time. Or maybe you are considering hiring extra people to collect for you. Selling some of your auto paper will reduce the workload and make your collectors more efficent at what they do. We are looking for buy here pay here auto notes that have less than 36 month remaining terms, and have paid sixty to ninety days of ontime payments. If you would like to trade some auto notes, auto paper for cash we would be gkad to work with you.

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NABD to Host National Underwriting & Collection Conference on November 11 – 13, 2007!

Houston, Texas – The National Alliance of Buy Here, Pay Here Dealers (NABD) today announced that it will hold a training conference covering Underwriting & Collections in Houston, Texas on November11 – 13, 2007. More than 600 attendees are expected to attend the three day event, which will focus on these two most important elements of buy here, pay here operations.

Kenneth Shilson, CPA and founder of NABD, indicated that an outstanding group of speakers, sponsors, and operators have been assembled for the show. “Earlier this year, NABD hosted a sold out Collection Academy, in Atlanta, Georgia, at the Manheim DRIVE facility. The Houston conference will offer additional and more advanced training on many of the subjects we discussed there. The program will feature role playing and other interactive training techniques to help attendees become more successful. From taking an application properly, to closing the deal, and collecting the payment legally and efficiently – these sessions will cover it all,” Shilson said.

The conference will be held at the Wyndham Greenspoint Hotel in Houston, Texas, which is located near the airport to facilitate travel by attendees who live outside the Houston area. NABD has arranged some very favorable room rates and the Sunday through Tuesday format minimizes the time attendees must be away from their respective operations. The program includes two receptions and a luncheon which will facilitate attendee networking. The sessions will conclude in the early afternoon on Tuesday to facilitate return travel. “The Wyndham Greenspoint was the site of our 2004 Collection Conference and attendees were pleased with the facilities and amenities,” Shilson stated.

This program is designed for those who are new to the business and anyone interested in improving their collection and underwriting systems and processes. “This training will make you more successful,” Shilson stated.

Those interested in registering may do so online at www.bhphinfo.com or by calling NABD headquarters at 713-290-8171.

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