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September 11, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
F&I and Showroom Q&A with NADA's Andy Koblenz: Solving the CFPB Problem
Takata Recall Plan Could Include Other Suppliers
Toyota Tells Dealers That Below-Invoice Ads are Taboo
Lamborghini CEO Eyes New Sales Record in 2015
Senators Urge Hard Line on Auto Trade Talks
NADA Foundation Spotlight: Georgia Automobile Dealers Association
Top Stories
F&I and Showroom Q&A with NADA's Andy Koblenz: Solving the CFPB Problem

The man who has led the NADA’s regulatory advocacy efforts since 2006 believes the tide may be turning in the CFPB’s attack on dealer participation.

Since 2006, Andrew Koblenz has been on the frontlines of NADA’s efforts to protect franchised new-car dealers from regulatory overreach. And he believes the tide may be turning in the Consumer Financial Protection Bureau (CFPB)’s attack on dealership participation. Koblenz joined the association in 1999 after serving as a senior attorney for the American Automobile Manufacturers Association. Today, he supervises a staff of six attorneys as the NADA’s executive vice president of legal and regulatory affairs and general counsel. F&I and Showroom went one-on-one with Koblenz to find out where the industry stands in its fight with the CFPB. Click here for the full interview.
Source: F&I and Showroom

Editor's note: Koblenz was the keynote speaker at Industry Summit on September 10. The conference is presented by F&I and Showroom and Auto Dealer Today.
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Takata Recall Plan Could Include Other Suppliers

A government plan to recall and replace millions of potentially deadly Takata air bag inflators could compel other manufacturers to supply automakers with the safety devices, the top U.S auto safety regulator said on Thursday. Mark Rosekind, who heads the National Highway Traffic Safety Administration, told reporters that his agency will unveil the plan at an Oct. 22 public meeting and predicted the proceedings will increase the focus on providing American car owners with safe replacement parts.
Source: CNBC
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Toyota Tells Dealers That Below-Invoice Ads are Taboo

Toyota told dealers assembled at a national dealer meeting this week that they would no longer be permitted to advertise vehicle prices below invoice. Toyota is implementing the prohibition beginning Jan. 1 and will begin enforcing the new ad covenants on April 1, Toyota confirmed in a statement Thursday. As Automotive News reported last month, Toyota is following in the footsteps of Honda with its below-invoice advertising ban to help hold retail prices and prevent bait-and-switch tactics.
Source: Automotive News
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Lamborghini CEO Eyes New Sales Record in 2015

Lamborghini expects to hit a new sales record this year, benefiting from strong demand for its latest Huracan model, CEO Stephan Winkelmann said. The supercar maker last year increased deliveries 19 percent to a record 2,530 cars, a level it expects to eclipse already this month, Winkelmann said in an interview. "We believe we will conclude the 2015 business year in a better way than the previous year," Winkelmann said.
Source: Automotive News
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Senators Urge Hard Line on Auto Trade Talks

Three senators urged the Obama administration to win more concessions for automakers as 12-nation trade talks may be getting closer to a deal. U.S. Sens. Sherrod Brown, D-Ohio, Rob Portman, R-Ohio, and Debbie Stabenow, D-Lansing, wrote U.S. Trade Representative Michael Froman urging the administration to take a hard line on auto issues in the Trans-Pacific Partnership. The three urge him to negotiate an agreement that keeps U.S. tariffs on Japanese cars and trucks for a lengthy period and do more to drop other barriers to U.S. vehicles like currency manipulation. Early last month, the long-running talks stalled amid a standoff between Japan and Mexico over autos.
Source: The Detroit News
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NADA Foundation Spotlight: Georgia Automobile Dealers Association


GADA President Bill Morie (left) presents Rebecca Whicker, senior vice president of external affairs at Action Ministries, with an NADA Foundation grant.

The Georgia Automobile Dealers Association (GADA) recently presented a $1,500 grant to Action Ministries in Atlanta through the NADA Foundation's Ambassador program. The nonprofit organization provides an extensive network of community partners and volunteers with the tools and expertise to lead Georgia residents out of poverty. Since becoming an Ambassador in 2005, GADA has presented $4,500 in grants to organizations in Georgia.

Are you interesting in joining the NADA Foundation's Ambassadors program to support local organizations in your community? Click here to learn more.
Source: NADA Foundation

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More Articles
 
Quotable
"Consumers lose in any system where their ability to save is constrained. So dealers and the NADA are fighting to preserve the dealers' ability to discount because we don't want to lose the ability to provide savings to meet a consumer’s budget constraint or beat a competing financing offer."

   -- Andy Koblenz, NADA executive vice president of legal and regulatory affairs, commenting on the CFPB in an interview with F&I and Showroom magazine, August 2015

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