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Inside this issue
NADA Supports Latest Bipartisan Effort to Reform CFPB Guidance
Last Chance! The Early-Bird Registration Rate for the NADA Convention Ends Sept. 12
NHTSA Will be Questioned by U.S. Senators About GM Recalls
Toyota Scouting for Mexico Plant, Following Rivals
Pay Disparities are Hurting Morale, Dealership Retention, Expert Warns
The Dealership Visit Actually Begins Here
Motorists May Give Up Personal Data to Travel Highways in Future
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Supports Latest Bipartisan Effort to Reform CFPB Guidance

National Automobile Dealers Association members [gathered] on Capitol Hill this week to urge Congressional lawmakers to pass bipartisan legislation that franchised dealers say would nullify the Consumer Financial Protection Bureau's “flawed” guidance on auto lending. NADA explained H.R. 5403 — the Stutzman-Perlmutter Bill — also would require more transparency and accountability from the CFPB on future guidance. The proposed bill arrived in the U.S. House on Monday, 10 days before the bureau is scheduled to conduct another auto finance field hearing. The new bill, also titled “Reforming CFPB Indirect Auto Financing Guidance Act,” would allow CFPB to reissue its guidance under a more transparent process. The measure is sponsored by Rep. Marlin Stutzman, a Republican from Indiana, and Rep. Ed Perlmutter, a Democrat from Colorado.
Source: Auto Remarketing

Editor's note: The bipartisan legislation currently has 39 cosponsors. Dealers are urged to contact their House members to cosponsor H.R. 5403. To locate your House member, click here. For the issue brief on H.R. 5403, click here.
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Last Chance! The Early-Bird Registration Rate for the NADA Convention Ends Sept. 12

Dealers and their managers planning to attend the 2015 NADA Convention & Expo in San Francisco are encouraged to register by Friday, Sept. 12, to receive the early-bird registration rate—a $100 discount from the onsite rate—and make their hotel reservations. Hotel rooms are filling up quickly. Seventeen of the 43 hotels reserved for the NADA convention have already sold out.

The NADA convention runs Thursday, Jan. 22, to Sunday, Jan. 25, at the Moscone Center. Keynote speakers include former Florida Governor Jeb Bush and NADA Chairman Forrest McConnell on Friday, Jan. 23; Jay Leno and NADA Vice Chairman Bill Fox on Saturday, Jan. 24; and inspirational speaker Beck Weathers on Sunday, Jan. 25. Click here for the speaker bios.

Dealers can also meet face-to-face with manufacturer executives at franchise meetings, attend workshops and network with industry colleagues. The American Truck Dealers (ATD) Convention & Expo runs concurrently with the NADA convention. For more information or to register, visit www.nadaconvention.org.
Source: NADA Public Affairs

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NHTSA Will be Questioned by U.S. Senators About GM Recalls

A Senate subcommittee will probe the National Highway Traffic Safety Administration's handling of the General Motors' ignition switch recalls in a hearing next week. The Sept. 16 hearing, led by Senator Claire McCaskill, D.-Mo., will also explore possible reforms to vehicle and highway safety laws as Congress works on a long-term transportation funding bill, according to a statement from McCaskill's office.
Source: Automotive News
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Toyota Scouting for Mexico Plant, Following Rivals

Toyota Motor Corp., the last major automaker without a full assembly plant in Mexico, is scouting the country for possible factory sites, two people with direct knowledge of the matter said. Executives met this week with Mexican federal officials for preliminary talks about adding a plant in the country, said one of the people, who asked not to be identified because the details aren't public. The company's search spans several states, both people said. Low labor costs and favorable trade accords are drawing foreign auto producers to Mexico. While Toyota's lack of a high-volume local plant makes the world's largest automaker an outlier among peers in the country, three $1 billion factories have been announced just since June, for Kia Motors Corp., Bayerische Motoren Werke AG and a Daimler AG-Nissan Motor Co. venture.
Source: Bloomberg
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Pay Disparities are Hurting Morale, Dealership Retention, Expert Warns

Rising disparities in pay between the F&I and sales departments are leading to morale problems and high turnover at dealerships, a noted F&I authority said at a conference. Dealerships are testing a number of alternative pay plans, but nothing proposed so far appears to solve the problem, George Angus, president of Team One Research and Training, said Tuesday at the Industry Summit, an annual F&I conference. Angus cited data from the National Automobile Dealers Association and from his company's research that showed the extent of the widening pay gap. He attributed the gap in large part to shrinking margins on new-vehicle sales due to more competitive pricing in the Internet era. NADA's 2013 Dealership Workforce Study showed the national average pay for F&I managers was $128,434, vs. $122,549 for sales managers and $63,799 for sales consultants.
Source: Automotive News
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The Dealership Visit Actually Begins Here

The more time someone spends on the Web during the car-shopping process, the more dealerships they are likely to visit. That's according to the J.D. Power 2014 New Autoshopper Study released Tuesday, which examines the use of digital devices (computers, smartphones and tablets), websites and apps during the car-shopping and research process. On average, what J.D. Power calls “automotive Internet users” are shopping on the Web for nearly 14 hours prior to buying a car.
Source: Auto Remarketing

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Motorists May Give Up Personal Data to Travel Highways in Future

The cars and highways of tomorrow will likely make driving more convenient — but will do so by using data that includes your driving patterns, shopping preferences and other personal information. About 10,000 automotive and transportation leaders are in Detroit this week for the Intelligent Transport Systems annual World Congress at Cobo Center, talking about how connected cars and smart roads interact with one another. Industry officials envision a world where your car or smartphone could already know the fastest route to work in the morning, wake you earlier if that route is altered by a crash or bad weather, plan an alternate route and even show the best deals and quickest places to grab coffee on your way in. Cameras along roads could alert the public to congested routes, and sensors in your car could help determine if you have enough time to make it through that green light.
Source: The Detroit News
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Quotable
"Mexico is now the crossroads of the automotive trade in the Western hemisphere." 

   
-- Michael Robinet, managing director at consultant IHS Automotive, commenting on growing interest in Mexico from automakers, Bloomberg, Sept. 11

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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .