View Web Version

SPONSORED BY
NADA.org
September 21, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
VW to U.S. Dealers: Halt Sales of Some '15 Diesel Cars
VW CEO Apologizes for Emissions, Launches Investigation
FTC Action: Auto Dealership Will Pay $80,000 Penalty for Violating 2012 Order Prohibiting Deceptive Advertising of Vehicle Costs
After GM Settlement, an Unsettled Feeling
UAW, FCA Betting Pickups, SUVs Lead to Prosperity
North American Light-Vehicle Production Up 4.3% in August
Toyota's Big Move to Plano is Already Driving Up Sales at Area Car Dealerships
Top Stories
VW to U.S. Dealers: Halt Sales of Some '15 Diesel Cars

Volkswagen of America told its dealers Saturday to halt sales of remaining 2015 diesel cars with 2.0 liter engines after federal officials said the automaker had intentionally evaded emissions requirements. The Detroit News reported late Friday that VW dealers still had some 2015 diesel Jetta, Passat and Beetle cars for sale. A company spokeswoman on Saturday didn't immediately say how many vehicles are covered by the stop sale order.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

VW CEO Apologizes for Emissions, Launches Investigation

Volkswagen CEO Martin Winterkorn said Sunday the German automaker is launching an investigation into how it violated U.S. emissions laws in selling nearly 500,000 cars since 2009 with software that allowed it to "cheat" emissions tests. The Environmental Protection Agency and California Air Resources Board said the automaker — on track to become the world's largest automaker but still struggling to meet aggressive U.S. sales goals — had sold cars that emitted 10 to 40 times allowable pollution. Officials said Friday the German automaker deliberately evaded federal emissions requirements in nearly a half-million diesel cars in the U.S. since 2009 by writing vehicle software to only activate anti-pollution controls during testing.
Source: The Detroit News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

FTC Action: Auto Dealership Will Pay $80,000 Penalty for Violating 2012 Order Prohibiting Deceptive Advertising of Vehicle Costs

A West Virginia auto dealer, Ramey Motors Inc., has agreed to pay a $80,000 civil penalty to settle a Federal Trade Commission lawsuit brought in 2014. The FTC charged Ramey Motors with violating the terms of a 2012 consent order with the FTC that barred it from deceptively advertising the cost of buying or leasing cars. The civil penalty settlement resolves charges that Ramey Motors’ ads violated the consent order by concealing important terms of sale and lease offers, such as a required down payment, and failing to make credit disclosures clearly and conspicuously, as required by federal law.
Source: FTC

[back to top]

After GM Settlement, an Unsettled Feeling

Critics lament lack of personal accountability

Federal fines of $935 million. Up to $625 million for victim compensation. More than $200 million to fix the cars. And $575 million to settle many, but not all, of the pending lawsuits. The known financial toll to General Motors for hiding a deadly safety defect now exceeds $2.3 billion, or about $900 per recalled car, on top of whatever GM lost selling them in the first place. It will undoubtedly keep rising for years as the remaining legal issues play out. But outside GM, there's little feeling the company has been held genuinely accountable for the negligence, inaction and, according to prosecutors, intentional concealment of the ignition-switch flaw now tied to 124 deaths and 275 injuries over more than a decade.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

UAW, FCA Betting Pickups, SUVs Lead to Prosperity

As 40,000 United Auto Workers members vote this week on a tentative four-year deal with Fiat Chrysler Automobiles NV, they will be betting that pickups and SUVs lead to new jobs and higher profits. Under the proposed agreement, there is no set number of jobs to be added. There’s just the expectation that a $5.3 billion U.S. investment plan by the automaker, which sends nearly all car production to Mexico in exchange for SUVs and pickups, would be mutually beneficial for both sides. “You’ve got to look at the consumer,” UAW President Dennis Williams said Friday night after union leadership voted to support the tentative deal. “They’re buying more SUVs today than they are cars.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

North American Light-Vehicle Production Up 4.3% in August

North American automakers built 1,501,214 light vehicles in August, 4.3% above same-month 2014 and a 10-year high for the month. Production is expected to stay strong as August’s U.S. sales surge reduced light-vehicle inventory from the previous month’s level when it was expected to remain flat. Car output slipped 1.0% from last year to 600,169 units. Reductions in midsize and luxury cars pushed the vehicle type into negative territory. Light-truck builds hit a best-ever August result of 901,045. The 8.2% rise came as all segments posted gains.
Source: WardsAuto
Share: LinkedIn Twitter Facebook

[back to top]

Toyota's Big Move to Plano is Already Driving Up Sales at Area Car Dealerships

Every Toyota dealer in the [Dallas] area expects the company to cast a long, tall shadow across Texas with its massive move to Plano in 2017. But Rusty Gentry, general manager of Toyota of Plano, figures he’ll see it first, crawling across his parking lot daily. When Toyota of Plano completes its new 100,000-square-foot dealership over the next 18 months, it will be next door to the automaker’s new North American headquarters in West Plano — something Gentry rarely loses sight of. Even Toyota stores that aren’t next door to the automaker can expect long-term increases in sales as the company completes its $300 million-plus campus-style headquarters, industry observers say. In fact, some dealers are already seeing sales growth from the construction work at Toyota’s 100-acre site off Palomino Drive.
Source: The Dallas Morning News
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable
"We at Volkswagen will do everything that must be done in order to re-establish the trust that so many people have placed in us, and we will do everything necessary in order to reverse the damage this has caused."

    -- Volkswagen CEO Martin Winterkorn, in a statement apologizing for violating U.S. emissions laws, The Detroit News, Sept. 20

Sponsored by

NADA Market Beat

August's SAAR Tops 17.7 Million New Light Vehicles
Chairman's Message
47-10: Fair Credit and Consumer Competition Wins a Round
Videos

Dealer Financing Benefits Car Buyers


NADA University Online: The Next Generation 
  


Get the Facts: The Benefits of Franchised Auto Dealers

 Sponsored by

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

Sept. 23: The Keys to a Highly Productive Internet Dealership

NADA members can view past webinars on-demand at no charge at NADA University Online. Member must create NADA account before viewing.

 
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 .