NAEDA Newsletter
Saturday, January 31, 2015 Helping Dealers Succeed!
NAEDA releases 2014 Dealership Compensation & Benefits Report
The North American Equipment Dealers Association has conducted and compiled the most comprehensive Compensation & Benefits Report to date.  The complete 60-page report has been distributed to the nearly 500 Agricultural, Industrial and Outdoor Power Equipment dealers who participated in the survey and provided their dealership data.  For their efforts each has received a complimentary copy of the 2014 Dealership Compensation Report.
Industry & Manufacturing News
Stihl to consolidate two distribution centers

STIHL Inc. officials announced Monday they will relocate the operations of Mississippi Valley STIHL of Peoria, Ill., and Midwest STIHL Inc., of Hayward, Wis. to establish a new single distribution site in Cottage Grove. The new operation, known as Midwest STIHL, a division of STIHL Inc., will serve customers throughout the mid-northern region of the U.S.  Read More...

Ariens Company CEO re-elected WMC chairman

Ariens Company Chairman/CEO Daniel Ariens has been re-elected chairman of the board of Wisconsin Manufacturers & Commerce, the state's chamber of commerce and largest business association.  

In U.S., there are twice as many solar workers as coal miners

SolarCity, the largest installer of residential solar systems in the U.S., nearly doubled its workforce last year, hiring 4,000 people to do everything from system design and site surveys to installation and engineering.  Read More...

OPE Council Seeks Input

The North American Equipment Dealers Association's OPE Dealer Council is seeking input to help prioritize the issues impacting the OPE industry. This will help the Council and NAEDA prioritize and best allocate resources to address these issues going forward in 2015 and beyond.  Read More...

Legislative & Regulatory News
BP boss Bob Dudley: Oil prices 'low for up to 3 years'

The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years.  Read More...

Senate GOP plots plan B for ObamaCare

Senate Republicans are preparing a legislative plan of action in case the Supreme Court strikes a major blow against ObamaCare and rules subsidies provided to people on the federal exchange are illegal.  Read More...

Senate GOP building momentum for regulatory reform

A highly controversial regulatory reform bill is gaining steam in the Senate.  Read More...

Business Tax Extenders Enacted for 2014

The Tax Increase Prevention Act of 2014 (TIPA), signed by the President on December 19, 2014, retroactively extends through 2014 certain business tax benefits that had expired at the end of 2013.  This article describes two of the key provisions that affect equipment dealers and their customers.  Read More...

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Canadian News
Free trade talks with Ukraine ‘in high gear’

International Trade minister Ed Fast arrived in Kyiv yesterday for two days of meetings as fighting intensifies between Ukrainian forces and pro-Russian separatists in the east of the embattled country. Fast, who has been to Ukraine twice is the last six months, is there to talk free trade his counterpart, Aivaras Abromaviius, but also plans to announce four initiatives.  Read More...

Building new farm leadership a challenge

Farmers need a stronger voice in the supply chain to balance the commercial system. That’s what Dr. Brian Oleson told delegates at Fields on Wheels in December. Oleson specializes in co-operatives and marketing at the University of Manitoba.  Read More...

New projects to strengthen future for Canadian agriculture

The federal government announced an investment totalling $10.2 million on Tuesday to support Canadian agriculture during the second annual CropSphere conference in Saskatoon. Both investments aim to increase the value of what’s being grown by the country’s farmers.  Read More...

Grain shippers’ data show ongoing rail supply/demand gap

Numbers newly crunched by a clutch of Canadian grain shippers paint a picture of a gap that’s wide, and getting wider, between the numbers of rail cars they say they need and what they say they’re getting.  Read More...

TD Bank cuts forecast for Canadian economy

TD Bank is cutting its 2015 forecast for Canada’s economy due to the drop in oil prices and predicting that the Bank of Canada will cut its key interest rate by another quarter of a percentage point in March. TD says it now expects the Canadian economy to grow by 2 per cent this year compared with its expectation in December for 2.3 per cent growth in 2015.  Read More...

Bank of Canada will cut interest rate again, TD Bank predicts

The Bank of Canada will cut its key interest rate again in March, TD Bank predicts in an update to its 2015 forecast. Last week, the Bank of Canada cut its target for the overnight lending rate from an already low one per cent to 0.75 per cent, in light of the risk posed to the Canadian economy by slumping oil prices.  Read More...

Markets get a boost from lower interest rates

The Toronto Stock Exchange surged Wednesday after the Bank of Canada unexpectedly announced its key overnight interest rate would drop to three-quarters of a per cent. The move spurred the S&P/TSX composite index to jump 251.98 points to 14,560.42, while the Canadian dollar plunged 1.53 cents to 81.07 cents.  Read More...

The three pillars of Stephen Harper’s re-election hopes

He left this place before Christmas with a bump in the polls and a potential road map to a fourth victory. When the House of Commons reconvenes Monday for a pre-election sprint, Stephen Harper will seek to recapture that combination in a political environment which has been radically reconfigured in six short weeks.  Read More...

NAEDA, Association & Program Partner News
Sharp Drop in Oil Sets Markets Adrift

The NAEDA Stock Index slipped 33.99 points, or 3.39 percent, and closed at 968.34. Declining issues outpaced advancing issues by a 16-to-6 count.  Read More...

Federated Insurance partners with J.J. Keller to offer expanded selection of Risk Mgmt strategies

Federated Insurance is excited to announce a partnership with leading transportation, safety, and compliance professionals J.J. Keller & Associates Inc.® to offer Federated clients another source of employee risk management training for any type or size of business.  Read More...

Consider a contribution to NAEDA's Equipment Dealers Foundation

NAEDA’s Equipment Dealers Foundation (EDF) was created to provide grants to meet the industry’s need for training resources, career advancements and scholarships.  Through the years, the EDF has expanded its efforts to help dealership employees affected by natural disasters.  Moving forward, your support is needed for research, grants and scholarships to continue to enhance our industry.  Read More...

Tip of the Month


Tip of the Month:  OSHA 300 Log Reporting and Requirements Rule is Active!

On January 1st 2015 a new OSHA rule went into effect that requires all dealers to maintain an OSHA 300 Log and changes the reporting requirements for serious injuries at all workplaces. In the past, new and used car dealerships had been exempt from completing and posting the OSHA 300 Log based on their Standard Industry Code (SIC) code. However, under the new regulatory change dealerships have lost this exemption and must keep this accident and injury form up to date. For more information, view the webinar on Understanding New OSHA Injury Reporting Regulations or email



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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.  Read More...

About NAEDA Update

North American Equipment
Dealers Association

1195 Smizer Mill Road
Fenton, MO  63026-3480
Phone: 636/349-5000 
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NAEDA Update is provided as a service to members of the North American Equipment Dealers Association. This information may not be reprinted without permission from NAEDA.

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1195 Smizer Mill Road, Fenton, MO 63026-3480 | Phone: 636-349-5000
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