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Inside this issue
NADA's Fixed-Rate Plan Gets Lawyers' Backing
Video: NADA's Jonathan Collegio Highlights the Franchised Dealer System on Bloomberg TV
AutoNation Stepping Away from Third-party Leads
Judge Rejects Request to Stop Auto Dealer 'Bill of Rights' in New Hampshire
G.M. Chief Cites New Safety Moves and Says Repairs Are Now Underway
At 2014 New York Auto Show, Just Click to Kick the Tires
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA's Fixed-Rate Plan Gets Lawyers' Backing

The National Automobile Dealers Association’s program for dealerships to establish a fixed rate for dealer reserve was strongly endorsed by legal experts at the Automotive Resource Network conference [in New York] this week. “It would not surprise me if the finance source starts requiring you [dealers] to include this,” said Jean Noonan, a partner in Hudson Cook law firm’s Washington, D.C., office. The firm, based in Hanover, Md., specializes in consumer finance law. The “NADA Fair Credit Compliance Policy & Program,” introduced by NADA in January, is aimed at helping dealerships avoid trouble with lenders and the Consumer Financial Protection Bureau over allegations of discriminatory lending. [Randy Henrick, associate general counsel at Dealertrack Technologies,] held up for the audience the form NADA recommends dealerships use to indicate whether a customer was charged its fixed rate for dealer reserve or a discounted rate and why. “If you put this in any deal jacket, that’s the best protection you can get,” he said.
Source: Automotive News


Editor's note: To download the NADA Fair Credit Compliance Policy & Program, go to www.nada.org/faircredit.

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Video: NADA's Jonathan Collegio Highlights the Franchised Dealer System on Bloomberg TV

Jonathan Collegio, vice president of public affairs for the National Automobile Dealers Association, discusses the benefits of the franchised dealer system with Trish Regan on Bloomberg Television’s “Street Smart.” Collegio said the franchised dealer network provides price competition, safety and economic benefits. Click here to view the video.
Source: Bloomberg TV

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AutoNation Stepping Away from Third-party Leads

AutoNation Inc., tired of paying high prices for online leads, plans to de-emphasize third-party lead providers such as TrueCar, AutoTrader.com and Cars.com, CEO Mike Jackson says. He says he will strengthen AutoNation’s Web site and digital presence to build traffic and sales. Beginning in late 2012, AutoNation started spending $50 million on new dealership Web sites, tablet computers in the service drive and a so-called new digital storefront. The vision: To speed transaction time and let customers control their shopping experiences, whether online or in the store.
Source: Automotive News

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Judge Rejects Request to Stop Auto Dealer 'Bill of Rights' in New Hampshire

A Merrimack County judge has rejected a request for a permanent injunction to prevent the auto Dealer Bill of Rights law from taking effect. Last year, the Legislature passed an amendment to the existing law that was signed by Gov. Maggie Hassan. John Deere and other equipment manufacturers filed a lawsuit last year, hoping to block key provisions of the law pertaining to farm equipment dealers in New Hampshire. After listening to testimony from both sides, the judge ruled against striking down the law. The bill changes business practices between manufacturers and their dealers and would give local auto and other vehicle dealers greater flexibility to run their franchises. All other states have similar laws. “The court was swayed by the testimony of farmers and equipment dealers showing that the manufacturers’ actions have hurt consumers and producers,” said Pete McNamara, president of the New Hampshire Auto Dealers Association, in a news release. “This is a win for consumers and small businesses."
Source: New Hampshire Union Leader

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G.M. Chief Cites New Safety Moves and Says Repairs Are Now Underway

General Motors’ chief executive, Mary T. Barra, reiterated her vow on Tuesday to root out the cause of the long delay in its recall of defective cars and to make sure that safety defects are never again buried in the automaker’s bureaucracy. In her first public appearance since enduring withering criticism at congressional hearings two weeks ago, Ms. Barra told an audience of auto executives and dealers that G.M. was delivering parts and starting to fix the 2.6 million small cars it has recalled for faulty ignition switches that it has linked to 13 deaths. The speech, sponsored by the National Automobile Dealers Association [and J.D. Power], received a much friendlier reception than her remarks before lawmakers earlier this month, when she was grilled over why G.M. failed to fix a deadly safety problem it knew about for more than a decade.

Dealers in the audience punctuated Ms. Barra’s speech with applause and shared her urgency in getting the cars fixed. Brian Hamilton, who runs two dealerships in Nebraska, said his mechanics started making repairs on Monday and had completed about five. The dealerships, he said, have 40 cars on the ground waiting and 80 more ready to come in once the parts arrive. “We’re waiting for parts, like everyone,” he said, adding that the dealerships would start opening on Sundays beginning in May to complete all of the repairs. The expense of being open on Sunday will be reimbursed by G.M., which recently raised the cost for the ignition switch recall and other subsequent recalls to $1.3 billion in the first quarter.
Source: The New York Times


Editor's note: For more information on the GM recall, go to www.gmignitionupdate.com or www.safercar.gov.

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At 2014 New York Auto Show, Just Click to Kick the Tires

Soon after Google Street View, the Google Maps feature that provides pedestrian-level views of cities worldwide, was introduced in 2007, people who chanced to see the image-capturing cars with 360-degree cameras mounted on their roofs began to post pictures of the sightings online with the fervor of bird-watchers. Now, in a table-turning promotion for the New York International Auto Show, cars are not taking panoramic Street View photographs. Instead, that technology is being used to show panoramic photographs of cars.
Source: The New York Times

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Quotable

"The Justice Department loves the NADA solution, and they love it understandably because they are the father of it, or the mother of it. Even if the CFPB doesn’t love it, people who adopt it have a lot of protection in my view."

    -- Jean Noonan, a partner with the law firm Hudson Cook, commenting on NADA's Fair Credit Compliance Policy & Program, Politico, April 14

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