View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
February 17, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training

Inside this issue
No End in Sight for Takata Air Bag Probe
GM Customers Get Last Shot at Reigniting $10 Billion Ignition Switch Suit
Bad Ads Bring Big Trouble NADA Offers Guidance for Dealers
FTC Approves Final Order in Texas Auto Dealer's Deceptive Ad Case
Used Car Prices Expected to Fall
As Hispanics Buy More Cars, Stores Add Videos in Spanish
Legendary Auto Dealer Hoot McInerney Dies
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
No End in Sight for Takata Air Bag Probe

Independent engineering firm has yet to be chosen to investigate problem of exploding air bags


Auto makers are still likely months away, if not longer, from figuring out what is causing Takata Corp. air bags to explode and shoot out shrapnel, as efforts to launch a joint investigation into the problem drag on. Over the last six years Takata and car makers have been separately trying to solve the mystery of the exploding air bags. Around 25 million vehicles have been recalled world-wide and exploding Takata air bags have been linked to six deaths. But these individual efforts haven’t produced tangible results.
Source: The Wall Street Journal

Share: LinkedIn Twitter Facebook

[back to top]

GM Customers Get Last Shot at Reigniting $10 Billion Ignition Switch Suit

Drivers of Chevy Cobalts and Saturn Ions get a last shot this week at restarting a $10 billion lawsuit in which General Motors is accused of exposing them to danger and falling car prices. U.S. Bankruptcy Judge Robert Gerber has the sole power to decide whether they can demand money for their old, often second-hand, cars. He’ll open his New York courtroom to lawyers who say they speak for 27 million drivers of recalled cars, many with faulty ignition switches. Depending on his ruling, drivers may be able to seek billions of dollars in damages from the automaker.
Source: Bloomberg

Share: LinkedIn Twitter Facebook

[back to top]

Bad Ads Bring Big Trouble NADA Offers Guidance for Dealers

Advertising in the automotive sector came under the spotlight with the recent Super Bowl in the US, where many OEMs invest a hefty portion of their annual media budget every year. When it comes to the more everyday sort of advertising in which dealers engage, fresh guidance is at hand.

Automotive dealers in the US have to navigate numerous federal and state requirements, and the consequences for infractions can be serious. To help in this, and to offer guidance on more effective ad strategies, the National Automobile Dealers Association (NADA) has come out with “A Dealer Guide to Federal Advertising Requirements.”

While not an official guideline, the publication represents an effort to summarise for dealers the many restrictions relating to dealer advertising, explained Paul Metrey, Chief Regulatory Counsel for NADA. Click here for the full article.
Source: Automotive World
Share: LinkedIn Twitter Facebook

[back to top]

FTC Approves Final Order in Texas Auto Dealer's Deceptive Ad Case

Following a public comment period, the Federal Trade Commission has approved a final order involving deceptive advertising charges against a Dallas auto dealership. Under the settlement, the dealership is prohibited from misrepresenting in any advertisement the material terms of any promotion or other incentive, including that it will pay off a consumers’ trade-in or the cost of leasing or purchasing a vehicle. The dealership is also prohibited from failing to clearly and conspicuously disclose material terms of its promotions or other incentives and must comply with the Consumer Leasing Act and Regulation M and the Truth in Lending Act and Regulation Z. The case is part of the Commission’s ongoing efforts to protect consumers in the auto marketplace. The FTC provides a variety of resources for consumers buying or leasing a vehicle, including Are Car Ads taking You For A Ride? The Commission vote approving the final order was 5-0.
Source: FTC

Share: LinkedIn Twitter Facebook

[back to top]

Used Car Prices Expected to Fall

Strong demand for the low supply of SUVs and pickups drove up the cost of used cars and trucks slightly in 2014, but prices are expected to come down this year, experts say, thanks to low interest rates and a glut of available vehicles. Jonathan Banks, executive automotive analyst for the National Automobile Dealers Association's Used Car Guide, predicts used prices will drop between 2 and 2.5 percent in 2015, after a 1 percent rise in 2014. Last year, car buyers paid an average of $11,878 for a 5-year-old used vehicle, NADA data show.
Source: The Detroit News

Share: LinkedIn Twitter Facebook

[back to top]

As Hispanics Buy More Cars, Stores Add Videos in Spanish

Eighteen months ago, Coast Nissan in San Luis Obispo, Calif., introduced Spanish-language videos with each car posted online. Hispanics account for an increasing percentage of car purchases nationally, causing dealerships across the country to reassess how they market to the demographic, according to Eley Duke III, vice president of Duke Automotive (Chevrolet-Buick-GMC-Cadillac) in Suffolk, Va.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Legendary Auto Dealer Hoot McInerney Dies

Martin (Hoot) McInerney, who started off his career earning 25 cents working weekends at an automotive dealership and became one of the nation's most influential and connected auto dealers, died Monday. He was 86. McInerney was legendary for his blunt, straight-talking style, his foresight as a pioneer among auto dealers and for his generosity. At his peak, McInerney owned as many as 25 dealerships in Michigan and Hawaii with brands such as Ford, Lincoln Mercury, Chrysler, Cadillac and Toyota. In recent years, he sold off all but six of his dealerships.
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"As we look forward, we're looking at a very positive environment. Prices are going to be lower, the quality of the vehicles out there is really good, and interest rates are going to be fantastic."

   
-- Jonathan Banks, executive automotive analyst for NADA Used Car Guide, on why he expects used car prices to fall in 2015, The Detroit News, Feb. 16

Sponsored by


NADA Market Beat
2014 Light-Vehicle Sales Highest Since 2006
Chairman's Message
New Study Discredits CFPB’s Fair Credit Testing Method
Videos

NADA Convention: Jeb Bush


NADA Convention: 2015 TIME Dealer of the Year


Get the Facts: Warranty Work, Safety Recalls and Service


Get the Facts: Local Economic Benefits of the Dealer Franchise System    


Get the Facts: The Benefits of Price Competition  


Get the Facts: Why Dealer Franchise Laws?  


Get the Facts: The Benefits of Franchised Auto Dealers

NADA Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted.

-- Feb. 18: Tune-Up: A Better Breed of Digital Marketing Metrics

NADA Foundation News
ADESA Auction Raises $40,000 for Veterans’ Canine Companions

Hollins University Receives Grant from the NADA Foundation

Bradshaw and Family Support Local Organizations through the NADA Charitable Foundation

 
 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
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 .