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Inside this issue
Opinion: What Are the Biggest Myths About Car Dealerships and Salesmen?
DEALER ALERT: FCC Expands Definition of 'Autodialer' under the TCPA
U.S. Report Finds Fuel-Economy Targets Can Be Met -- At a Cost
NHTSA: Fiat Chrysler Did Not Act Fast Enough on Recalls
NHTSA Compiles Takata Recall Data From Automakers
GM Gets Investment Grade Rating From Fitch
VW Brand's New Chief Known as Cost-Cutter
DEALER ALERT: Be Aware of 'NADA-Endorsed' Claims
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Opinion: What Are the Biggest Myths About Car Dealerships and Salesmen?
By Jason Lancaster, editor of AccurateAutoAdvice.com

Having worked in dealerships for nearly a decade, I don't think auto dealers are half as bad as many consumers seem to think they are. Are dealerships perfect? Of course not. Are they paramount examples of ethical business practices? No. But are they any less ethical than most retail businesses? I'd say no. Click here for the top five myths.
Source: Huffington Post
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DEALER ALERT: FCC Expands Definition of 'Autodialer' under the TCPA

Recent changes to the Telephone Consumer Protection Act (TCPA) affecting phone calls and text messages have caused a great deal of confusion and thousands of lawsuits across the country. In response to numerous petitions before the FCC seeking clarity regarding the scope of the TCPA, the FCC yesterday voted to approve a proposal to address these pending petitions. The proposal includes a number of rulings that are effective immediately. Among these is a ruling that interprets the critical term “automatic telephone dialing system” in the TCPA so as to encompass any technology with the capacity to dial random or sequential numbers. As one of the dissenting commissioners noted at the hearing, “[a]fter this order, each and every smartphone, tablet, VOIP phone, calling APP, texting APP – pretty much any phone that’s not a rotary dial phone will be an automatic telephone dialing system.”  NADA believes that this change is likely to expand the risks associated with sending text messages or making calls to cell phones without the proper written express prior consent. This is just one of several important changes approved by the Commission and dealers should consult with their counsel and professional advisors about the implications of these changes, and review their telephone and texting practices to ensure compliance with the new FCC guidelines.  
Source: NADA Regulatory Affairs
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U.S. Report Finds Fuel-Economy Targets Can Be Met -- At a Cost

Midsize cars won't need electrification to hit 54 mpg, researchers say

The huge leaps in fuel economy that regulators are seeking are possible for mainstream cars, even without heavy use of electrification technologies -- but consumers must be prepared to pay more for them. That’s one of the key findings of a report on the feasibility and costs of technologies that automakers likely will use to meet the Obama administration’s aggressive fuel economy and tailpipe emissions regulations. Those regulations call for boosting fleetwide fuel economy to a 54.5 mpg average by the 2025 model year. The report, conducted by an 18-member committee of the National Research Council, a private nonprofit group that advises policymakers, found that the government’s basic assumptions underpinning its 2012 agreement with the auto industry were broadly sound with regard to technological progress and costs.
Source: Automotive News
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NHTSA: Fiat Chrysler Did Not Act Fast Enough on Recalls

Number of recalls under review at July 2 public hearing grows to 22 as NHTSA feels Fiat Chrysler has not met all its deadlines.

Fiat Chrysler Automobiles did not address safety issues in a timely manner, the National Traffic Highway Safety Administration says in a new document on the government website. "NHTSA has tentatively concluded that Fiat Chrysler has not remedied vehicles in a reasonable time and has not adequately remedied vehicles," according to the document released as a Supplemental Notice in advance of a public hearing scheduled for July 2. The hearing is to determine whether the Auburn Hills-based automaker met its obligations to notify vehicle owners of safety issues, kept NHTSA properly updated and fixed vehicles in a timely manner.
Source: Detroit Free Press
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NHTSA Compiles Takata Recall Data From Automakers

Automakers affected by the Takata airbag inflator recall have loaded the ID numbers of millions of recalled vehicles into a searchable system, allowing consumers and government officials to examine the data, U.S. safety regulators said on Wednesday. The National Highway Traffic Safety Administration said it will begin combing through the filings of 11 automakers to see how their Vehicle Identification Numbers (VINs) match with information provided earlier by Takata Corp. Regulators believe 34 million vehicles could be affected. "We'll revise that number if necessary," NHTSA spokesman Gordon Trowbridge said.
Source: Reuters
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GM Gets Investment Grade Rating From Fitch

General Motors Co. said Thursday that the automaker and its GM Financial subsidiary have achieved investment-grade credit rating from Fitch Ratings, the last major rating agency to boost GM’s overall credit rating. Fitch said GM has strong liquidity and it expects the company to reach 10 percent adjusted margins in North America next year and to “approach” GM’s break-even target in Europe next year, despite issues in Russia. GM has said it will be profitable in Europe in 2016, even after it has opted to largely pull out of Russia.
Source: The Detroit News

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VW Brand's New Chief Known as Cost-Cutter

Herbert Diess faces hurdles changing the slow moving culture at car maker

The new chief of Volkswagen AG ’s namesake brand, its biggest business, faces the challenge of cutting costs and boosting profit even as the company is driving toward a broader management restructuring. Herbert Diess, recently poached from luxury-car rival BMW AG , made a name for himself as the man who stripped excessive costs out of BMW’s balance sheet. He takes over next month while a larger shakeout has yet to play out at Europe’s largest auto maker. Volkswagen Chief Executive Martin Winterkorn once called Mr. Diess, “one of the most capable men in the automotive industry.” He wants the 56-year-old Bavarian to work his magic and turn VW’s sluggish core business into a profit machine.
Source: The Wall Street Journal
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DEALER ALERT: Be Aware of 'NADA-Endorsed' Claims

A company using the name Dealer Web Works (DWW), based in Tampa Bay, Fla., has recently circulated an e-mail suggesting that NADA has endorsed or supports DWW. Please be advised that NADA has no relationship with this company. If you have any questions about this company or other businesses making similar claims, contact NADA at info@nada.org.
Source: NADA Legal Affairs

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Quotable
"Dealers are independent businesses that savagely compete with one another, which is why they earn a measly 1-2% margin. If dealers were replaced with corporate owned stores, it's hard to imagine the corporate masters settling for the same meager margins."

    -- Jason Lancaster, editor of AccurateAutoAdvice.com, commenting on the biggest car dealer myths, Huffington Post, June 18

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