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Breaking News
NAEDA Stock Report First Quarter Contraction, Interest Rate Worries and Greek Debt Hamper Markets

Wall Street was beset from many directions and, despite the S&P 500 Index reaching a few new highs, markets ended in negative terrain as our trading session ended June 15, 2015. The Commerce Department said that the contraction of the U.S. economy in the first three months of the year was brought on by bad winter weather and a larger trade deficit. As June began, a stronger jobs report renewed interest rate hike fears. Homebuilders’ confidence shot up to 59 in June, from 54 in May. The National Association of Home Builders/ Wells Fargo builder sentiment index said that builders show more confidence in their sales outlook than they have since fall. However, the failure of negotiators to ink a deal to resolve Greece’s debt crisis weighed most heavily on markets. “All eyes, including our own, are on Greece,” said Erik Davidson, chief investment officer for Wells Fargo Private Bank. “This is a grand experiment and if it were to go awry, it would certainly have implications.”

NAEDA Thanks Congress For Passage Of Trade Promotion Authority

Many thanks to members of Congress who supported the passage and signing into law the TPA legislation. Dealers if you have not done so, please take time to reach out and thank members of Congress who voted for the TPA bill. It is especially important that these members hear directly from their constituents in their states. Click here for every member of Congress who voted yes on TPA and the contact information for their relevant staff. Please be sure to send your thank yous to these groups. NAEDA, plans also to stay engaged over the weeks and months ahead as the TPP and other U.S. trade negotiations move forward.

Looming Highway Debate Stirs Tax Fight

A fight over raising taxes has bloomed as the chief obstacle to passing a desperately needed multi-year transportation bill by the end of next month, raising the specter of a possible shutdown of highway programs. Senate Finance Committee Orrin Hatch (R-Utah), who is tasked with finding a way to pay for a multi-year deal, has ruled out the prospect of raising taxes, putting him on a collision course with Democrats.  The Hill

Supreme Court Overturns EPA’s Air Quality Rule

The Supreme Court dealt a blow to the Obama administration’s landmark air quality rule on Monday, ruling the Environmental Protection Agency did not properly consider the costs of the regulation. In a 5-4 ruling, the justices ruled that the EPA should have taken into account the costs to utilities and others in the power sector before even deciding whether to set limits for the toxic air pollutants it regulated in 2011.  The Hill

GIE+EXPO Provides Broad-Reaching Benefits To Attendees

(Louisville, KY, USA) - GIE+EXPO (the Green Industry & Equipment Expo) and Hardscape North America (HNA) will co-locate in Louisville again in 2015. The two shows, to be held at the Kentucky Exposition Center in Louisville, will draw industry members worldwide Wednesday through Friday, October 21-23, 2015. GIE+EXPO is sponsored by the Outdoor Power Equipment Institute (OPEI), the National Association of Landscape Professionals (NALP) and the Professional Grounds Management Society (PGMS). HNA is produced by the Interlocking Concrete Pavement Institute (ICPI) and endorsed by the Brick Industry Association and National Concrete Masonry Association.  Read more...

EDF Disaster Relief Application

NAEDA Dealers who have employees that have been negatively impacted by recent natural disasters may qualify for Disaster Relief assistances through NAEDA’s Equipment Dealer Foundation (EDF).  Click here for the Disaster Relief application and guidelines.

Disaster Relief - Dealers Helping Dealers

Recent torrential rains leading to extensive flooding in Texas and Oklahoma have left a lasting impression on all of us. The devastation from these storms left numerous dead and missing and thousands without basic necessities, such as food, water or shelter. Some of those affected are equipment dealers and their employees. We are asking for your financial support once again to replenish the Disaster Relief Fund to insure that we will be able to address requests from these most recent events and future natural disasters that are sure to come.

Markets Inch Ahead In Lackluster Session

The NAEDA Equipment Dealer Stock Index gained 12.09 points, or 1.20 percent in our trading session that closed May 15, 2015, with the S&P 500 Index ending in record territory. Advancing issues topped declining issues by a 13-to-9 count.

NAEDA Announces 2015 Manufacturer Awards

The North American Equipment Dealers Association (NAEDA) has announced the recipients of its Dealer’s Choice Award and Gold Level service awards for 2015. The awards are presented annually to manufacturers who receive exemplary ratings in twelve operational categories addressed in NAEDA’s Dealer-Manufacturer Relations Survey.

Stocks Waffle, Earnings Season Begins

The NAEDA Equipment Dealer Stock Index gained 29.68 points, or 3.03 percent in our trading session that closed April 15, 2015. Advancing issues easily bypassed declining issues by a 14-to-8 count.

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Industry & Manufacturing News

From the NAEDA Office

Equipment Dealer To Undergo Transformation New magazine will debut this spring.

As a part of our ongoing effort to improve the value proposition for dealer members, the NAEDA Board of Directors recently decided to put Equipment Dealer magazine on a two- to three month hiatus while we work to expand the content and enhance the delivery of the publication.  The “new and improved” magazine is a significant part of the associations’ ongoing communications initiative, which addresses our entire messaging platform – magazine, e-newsletter, web site, email and other key components.


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