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Inside this issue
House Panel Eliminates Obsolete Insurance Booklet at Dealerships
Imported to Detroit: 3 Years On, Marchionne Proves Doubters Wrong
Upscale Brands Seek New Definition for Luxury
Security for Cars Enters New Age
Ford Flies Michigan, Kentucky Vets to Commemorate D-Day at WWII Memorial
Orange You Glad These Cars Come in This Color?
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
House Panel Eliminates Obsolete Insurance Booklet at Dealerships

The House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade today passed H.R. 5859, a bill that eliminates a requirement that dealers provide information on auto insurance costs to customers. The bill, which is strongly endorsed by the National Automobile Dealers Association (NADA), also eliminates a $1,000 fine per violation if a dealer is unable to produce the booklet upon the request of a car or truck buyer.

Since 1991, the federal government has printed and mailed the booklet, Relative Collision Insurance Cost Information, to all new-car dealerships. However, dealers and sales staff report that consumers rarely ask for the booklet, and the information is irrelevant to new-car buyers.

“Today, consumers can go online or make a quick phone call to compare insurance rates on different models,” said NADA President Phil Brady. “Technology has simply made printing and snail-mailing an auto insurance report, which is potentially outdated and misleading to consumers, unnecessary.”

In 2011, an Obama administration document said the booklet was “rarely used” and “not useful.” A recent NADA study of 815 dealerships revealed that for 96 percent of dealers, no customer had ever asked to see the booklet.

Dealers generally advise their customers to call their insurance agents directly for an accurate quote instead of relying on a government booklet which is printed once a year. The administration previously stated that “a prospective buyer does not need a brochure from the federal government to obtain this information, since insurance agents are trained to provide advice on how model selection affects insurance premiums.”

The bill does not prevent the government or the Highway Data Loss Institute, a non-profit organization which collects insurance data, from making the information available to the public. H.R. 5859, introduced by Reps. Gregg Harper, R-Miss., and Bill Owens, D-N.Y., is expected to be considered next by the full House Energy and Commerce committee.
Source: NADA Legislative Affairs

Editor’s note: Click here for the Relative Collision Insurance Cost Information booklet.

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Imported to Detroit: 3 Years On, Marchionne Proves Doubters Wrong

On June 10, 2009, Chrysler Group LLC emerged from a government-sponsored bankruptcy wedded to Italian automaker Fiat SpA. Few thought the marriage would last. Chrysler had just died on the operating table and was only revived with a large infusion of taxpayer dollars. Fiat was still on the mend from its own near-death experience. Neither company was exactly known for building world-class cars and trucks.
Source: The Detroit News

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Upscale Brands Seek New Definition for Luxury

Polished wood, leather and lots of extras aimed at coddling drivers and passengers traditionally have distinguished luxury models from mass-market cars and trucks, but this tried-and-true formula is being questioned like never before. That’s because an unprecedented number of less-expensive and – gasp – even entry-level vehicles now are offering many of the same features and amenities that formerly only were available on high-end brands.
Source: WardsAuto

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Security for Cars Enters New Age

Imagine this car-theft scenario in the not-so-distant future: A thief uses an iPad to hack into the security system of a self-driving car parked in a garage in another city. He feeds the GPS coordinates of a chop shop to the navigation system of the car. The car drives itself to the shop, where it is dismantled for parts before the owner knows it is gone.
Source: The Detroit News

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Ford Flies Michigan, Kentucky Vets to Commemorate D-Day at WWII Memorial

It was 68 years ago that Frank Serridge of Milford set up the radar on the planes used to invade Normandy in the D-Day landing of 150,000 Allied troops on Nazi-fortified beaches. Less than a year later a wounded Sam Mackey Jr. of Clarkston was a prisoner of war in a German hospital on May 8, 1945, when World War II ended and his family and war buddies still thought he was missing in action. The two men are among about 75 veterans from Michigan and Kentucky who traveled to Washington, D.C., [Wednesday] to commemorate the 68th anniversary of D-Day by visiting the World War II Memorial. They flew from Detroit and met fellow vets arriving from Louisville, Ky., on two Honor Flights sponsored by Ford.
Source: Detroit Free Press

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Orange You Glad These Cars Come in This Color?

Orange is the color of sunshine, gladiolas and CreamSicles. The bright and fabulous shade has been on handbags and in home décor for the past few years, but this summer, it will become the ‘It’ color for cars.
Source: msnbc.com

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More Articles

The NADA Story

The NADA story began in 1917 when 30 auto dealers traveled to the nation’s capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealerships with 32,500 franchises, both domestic and international. For more information, visit www.nada.org.

 
Quotable

"We just can't lose that edge — that hunger — and we've got to stay humble."

   
-- Chrysler CEO Sergio Marchionne, referring to the automaker's turnaround and future, The Detroit News, June 7


NADA - National Automobile Dealers Association

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