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Inside this issue
NADA Convention Registration Opens Today
Top VW Exec Warns Emissions Crisis Could Kill Company
18 Million Selling Rate Comes with Rising Transaction Prices
2016 Chevrolet Volt: Has GM Finally Created a Worthy Rival For Toyota Prius?
M-B Seeks Apple Experience in Service Drive
Top Stories
NADA Convention Registration Opens Today

NADA launches new promo video highlighting the convention in Las Vegas

Online registration for the 2016 NADA Convention & Expo in Las Vegas is now open.



“Las Vegas is one of the most popular destinations in the country for meetings and conventions, so the top hotels in the city will sell out quickly,” said Steve Pitt, senior vice president of NADA Conventions and Expositions. “We encourage dealers and their managers to register early and reserve their hotel rooms of choice.”

Considered the “Automotive Industry Event of the Year,” the NADA convention includes dealer-manufacturer franchise meetings, new educational workshops for dealers and managers, hundreds of exhibitors on the expo floor showcasing the latest equipment, services and technologies for dealerships and numerous networking events for attendees.

The NADA convention—which runs from Thursday, March 31, through Sunday, April 3, 2016—will be held at the Las Vegas Convention Center.



Here’s the 2016 NADA convention speaker schedule:

  • Friday, April 1:  Jeff Foxworthy, comedian and entertainer; and 2015 NADA Chairman Bill Fox;
  • Saturday, April 2: Heading into a presidential election, Mike Allen, Politico’s chief White House correspondent, will moderate a panel session with Karl Rove, former deputy chief of staff and senior advisor to President George W. Bush, and Howard Dean, former governor of Vermont and former chairman of the Democratic National Committee; and incoming NADA Chairman Jeff Carlson; and
  • Sunday, April 3: Peyton Manning, quarterback for the Denver Broncos, will provide an inspirational address.
The American Truck Dealers (ATD) Convention & Expo runs concurrently with the NADA convention.

Dealers and their managers who register by Nov. 27, 2015, will receive the early-bird rate—a $100 discount from the onsite registration rate.


For more information or to register, visit www.nadaconvention.org.
Source: NADA

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Top VW Exec Warns Emissions Crisis Could Kill Company

Volkswagen Groups's incoming chairman warned managers that the automaker's diesel-emission scandal poses "an existence-threatening crisis for the company" as new details emerged about how the debacle unfolded. VW finance chief Hans Dieter Poetsch, who is expected to be named chairman this week, told managers last week that despite the predicament in which the company finds itself, he believes VW can overcome the crisis, according to the report in the Welt am Sonntag newspaper in Germany. The crisis, which has wiped out $34 billion in the company's value as shares have fallen, stems from the disclosure by the U.S. Environmental Protection Agency last month that VW had rigged nearly 5 million diesel cars in the U.S. to pass emissions tests even though they spewed far greater emissions on the highway.
Source: USA Today

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18 Million Selling Rate Comes with Rising Transaction Prices

The U.S. auto industry's sizzling summer appears not to have quenched demand -- a sign that today's sales numbers are being achieved without many of the sins of the past. As an indication that automakers aren't overproducing, making high sales to rental-car fleets, jamming dealers with inventory or relying on outsized incentives, transaction prices continue to edge up even as volume increases. And if anything, dealers are calling for more supply. Dealer Greg May said his Chevrolet store in West, Texas, was held back by a shortage of vehicles in September. "I need more cars," he said. But it was a super September. New-vehicle sales soared a stunning 16 percent last month to 1.4 million cars and light trucks, thanks to a robust Labor Day weekend and further strong demand for pickups, cross-overs and vans.
Source: Automotive News
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2016 Chevrolet Volt: Has GM Finally Created a Worthy Rival For Toyota Prius?

The Chevrolet Volt went on sale 5 years ago and has yet to hit 100,000 total U.S. sales. To put that in perspective, the Toyota Prius has averaged approximately 150,000 sales a year for the past decade. The reason is pretty simple — the Prius (well, the second-generation Prius, introduced in 2004) arrived at a time when fuel prices were climbing, society decided trucks and SUVs weren’t cool anymore, and Leonardo DiCaprio took one to the Oscars. Much of that Toyota didn’t have control over, but the Japanese automaker did make a solid car with a comfortable ride, plenty of interior and cargo space, and a 50-plus mpg rating from the EPA. But as so often happens, what’s old is new again, which means the 2016 Chevrolet Volt will enter a world where gas is cheap, SUVs are hotter than Beyonce with yellow fever, and the Prius is down 15 percent in sales.
Source: Forbes
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M-B Seeks Apple Experience in Service Drive

Steve Cannon wants to make service visits to Mercedes-Benz dealerships more like shopping at an Apple Store. Cannon, CEO of Mercedes-Benz USA, has the Apple customer service experience in mind as he expands a new digital initiative in the service drive at the brand's 370 U.S. dealerships. Cannon wants Mercedes-Benz dealerships to provide their service customers a similar experience. The Digital Service Drive initiative was announced to dealers a year ago and rolled out in a pilot phase. Now, it has spread to 100 dealerships, and Cannon says he aims for all U.S. dealerships to adopt the program by the end of 2016. Mercedes-Benz described the Digital Service Drive initiative as a "multimillion-dollar program."
Source: Automotive News
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Quotable
"Las Vegas is one of the most popular destinations in the country for meetings and conventions, so the top hotels in the city will sell out quickly. We encourage dealers and their managers to register early and reserve their hotel rooms of choice."

   -- Steve Pitt, senior vice president of NADA Conventions and Expositions, on today's opening of registration for the 2016 NADA convention in Las Vegas, Oct. 5

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