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Inside this issue
Dealer Magazine: Interview with 2015 NADA Chairman Bill Fox
Why Detroit's Big Three Are Best Positioned to Benefit From Lower Gas Prices
BMW's Relations With China Dealers Strained
Ford Will Tout F-150 Capability in College Football Playoff
At CES 2015, Connected Cars Will Steal the Gadget Spotlight
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Dealer Magazine: Interview with 2015 NADA Chairman Bill Fox


In the cover story of the January 2015 edition of Dealer magazine, Bill Fox, the incoming chairman of the National Automobile Dealers Association, discusses his agenda for the upcoming year and the challenges facing dealers and how his family started in the automotive retailing business. Click here for the full interview.
Source: Dealer magazine
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Why Detroit's Big Three Are Best Positioned to Benefit From Lower Gas Prices

Plummeting oil and gas prices are adding momentum to an auto industry already bolstered by an improving labor and housing market, and that's good news for U.S.-based automakers that make more large, high-margin vehicles than their rivals. Lower gas prices, while not necessarily boosting overall demand for vehicles, traditionally tip the mix of purchases in favor of higher-margin trucks and SUVs, says UBS securities analyst Colin Langan. Gas prices which correlate to oil prices hit a fresh five-year low on Monday as prices at the pump fell toward $2 per gallon in many areas.
Source: TheStreet
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BMW's Relations With China Dealers Strained

BMW AG ’s relations with its dealers in China are becoming increasingly strained, with some saying they won’t take new vehicles unless the German auto maker agrees to lower sales targets and pay them subsidies. Executives at two BMW dealer operators said they are asking BMW to lower its sales target for 2015 and pay dealers five billion yuan ($806 million) in subsidies. If the conditions couldn’t be met, dealers would stop taking orders of BMW cars from Thursday at the earliest, they said. “BMW cars are competitive in terms of performance and branding. But the company’s management is too aggressive and not reasonable,” said a dealer based in the southeastern province of Fujian. “If they continue to ask for a double-digit growth rate for 2015, I think many of its dealers will go bankrupt,” he said.
Source: The Wall Street Journal

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Ford Will Tout F-150 Capability in College Football Playoff

Ford Motor Co. is using the first-ever College Football Playoff to launch the advertising campaign for the redesigned F-150, but viewers won’t hear a word about how the truck’s lighter aluminum body helps improve fuel efficiency. Instead, the initial series of three commercials aims to show that the switch from steel to lighter-weight aluminum makes the F-150 more durable and stronger. The fact that the F-150 is the most fuel-efficient full-size, gasoline-powered pickup available won’t be mentioned until a fourth ad begins running at a later date, Ford said.
Source: Automotive News
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At CES 2015, Connected Cars Will Steal the Gadget Spotlight

Mark Fields remembers being treated like a Neanderthal when he joined Microsoft Corp. co-founder Bill Gates on stage at the Consumer Electronics Show in Las Vegas to introduce the Sync in-car infotainment system. The skeptical tech press in 2007 couldn’t seem to understand what Fields, who then ran Ford businesses throughout the Americas, was doing at a show known for cutting-edge phones and video games, he said. Coming from old industry, he jokes that they asked “why aren’t your knuckles dragging across the floor?” Now cars are among the main attractions at the International CES that opens Jan. 6 featuring vehicles with touchscreen dashboards and others controlled by smartwatches.
Source: Bloomberg
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Quotable

 "... preserving the ability of new-car dealers to offer competitive financing terms to their customers remains one of NADA’s top priorities. The CFPB’s disparate impact initiative threatens this ability, and NADA will continue to inform both regulators and legislators on the need for an approach to fair credit compliance that achieves its goals while preserving the benefits of robust competition in the marketplace."

   
-- NADA 2015 Chairman Bill Fox, in an interview with Dealer magazine, Dec. 30

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