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September 10, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
F&I and Showroom Q&A: NADA Chairman Bill Fox Discusses His Journey in the Auto Industry
Safety Agency Takes Next Step Toward Managing Takata Recalls
U.S. Tops China in Auto Sales for Last Two Months
Volvo CEO Sees U.S. Growth This Year
Mercedes Beats Audi to Take Second Place in Luxury-Car Sales
Nissan Boosts New Leaf's Range to 107 Miles
Luxury Lineage: A Brief History of James Bond's Cars
Top Stories
F&I and Showroom Q&A: NADA Chairman Bill Fox Discusses His Journey in the Auto Industry


NADA Chairman Bill Fox delivers keynote remarks at Industry Summit in Las Vegas on Sept. 9, 2015. (Photo: F&I and Showroom)

New York dealer Bill Fox brings experience, passion, humility and unwavering support for the franchised dealer model to his role as 2015 NADA chairman.

William “Bill” C. Fox is the 2015 NADA chairman and a partner with his sister, Jane, in Fox Dealerships Inc., a four-rooftop auto group with Chevrolet, Chrysler, Honda, Subaru and Toyota/Scion stores in the Central New York towns of Auburn and Phoenix. A former college basketball player and licensed attorney, Fox joined the automotive industry and became a leading figure at the association level almost by chance. F&I and Showroom sat down with Fox to learn about his circuitous journey to dealership and association leadership, ask how the NADA is tackling challenges to the franchised dealer model and get a snapshot of life as a dealer and businessman in Upstate and Central New York. Click here for the full interview.
Source: F&I and Showroom

Editor's note: Fox was the opening keynote speaker at Industry Summit on September 9. The conference is presented by F&I and Showroom and Auto Dealer Today.
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Safety Agency Takes Next Step Toward Managing Takata Recalls

U.S. auto safety regulators are holding a public meeting next month as they move toward taking control of the massive Takata air bag recall. The National Highway Traffic Safety Administration hearing will take place Oct. 22. It's a step toward managing production and distribution of replacement air bag inflators. So far about 23.4 million driver and passenger air bag inflators have been recalled on 19.2 million U.S. vehicles. But only about 4.4 million inflators have been replaced. The agency has said the recalls created a patchwork of solutions that may not fix the problem quickly enough.
Source: Associated Press

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U.S. Tops China in Auto Sales for Last Two Months

American consumers purchased more passenger vehicles than their Chinese counterparts for a second straight month, helped by affordable fuel prices and an equities rout in China that stung local retail investors. Total light vehicles sales in the U.S. reached 1.58 million units in August, more than the 1.42 million units recorded in China, according to a comparison of figures from the Automotive News data center and the China Association of Automobile Manufacturers. In July, the U.S. outsold China by about 240,000 units, the data show. Monthly sales of autos in the U.S. exceeded those in China in July for the first time since August 2009.
Source: Bloomberg
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Volvo CEO Sees U.S. Growth This Year

Hakan Samuelsson cites growing demand for company’s SUVs

The chief executive of Volvo Car Corp., Hakan Samuelsson said he expects “double-digit” sales growth in the U.S. this year on a growing demand for the company’s sport-utility vehicles. The Swedish auto maker has struggled in the U.S. in recent years, with sales falling from almost 140,000 cars in 2004 to just 56,000 cars last year, as turnaround efforts, including new products and a doubling of its marketing budget have had little effect. Volvo’s U.S. sales were flat in the first half, even as auto sales in the region are growing at their strongest pace in at least a decade, but Mr. Samuelsson said growing demand for the company’s XC60 and XC90 SUV models will power a strong recovery in the region this year.
Source: The Wall Street Journal
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Mercedes Beats Audi to Take Second Place in Luxury-Car Sales

Mercedes-Benz outsold Audi in the eight months through August to become the world’s second-biggest luxury-car maker, as both Audi and BMW struggled to match its sales growth in China. Mercedes delivered 1.19 million vehicles in the period, 10,880 cars more than the 1.18 million at Volkswagen AG’s Audi. The Daimler AG brand last outsold Audi on an annual basis in 2010. Mercedes profited from soaring sales of its mid-range C-Class sedan and its sport-utility vehicles and also from China, where it was the only one of the top three luxury-car makers to see sales grow in August.
Source: Bloomberg
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Nissan Boosts New Leaf's Range to 107 Miles

Amid flagging consumer interest in electric vehicles and hybrids, Nissan will introduce an enhanced 2016 Leaf EV with 27 percent greater battery range. The car’s top two trim packages, the SV and SL, have received a 30 kWh battery that claims an EPA-rated driving range of 107 miles for a full charge, compared to the 2015 Leaf’s 84-mile range, Nissan said in a statement today. The Leaf’s entry-level S package will continue to use last year’s 24 kWH battery, for an EPA-estimated 84-mile range.
Source: Automotive News
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Luxury Lineage: A Brief History of James Bond's Cars


Photo credit: Forbes

James Bond returns to action twice this fall: This month he reunites with Pussy Galore in Anthony Horowitz’s Trigger Mortis, a new novel commissioned by the Ian Fleming estate, and in November Daniel Craig completes his fourth tour of duty on Her Majesty’s secret service in SPECTRE. One thing never changes: After more than 60 years on the road, 007 still drives too fast. Click here to see the cars over the years.
Source: Forbes
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"We are dealing with regulatory overburden in this day and age, but it’s our responsibility to educate those regulators and make them understand the consequences of their actions."

   -- NADA Chairman Bill Fox on the importance of maintaining a strong industry presence in Washington, D.C., F&I and Showroom, Aug. 2015

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