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October 7, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA Chairman: Keep Auto Retailing Affordable for Consumers
Volkswagen to Launch Massive Vehicle Recall in January
VW, With Limited DC Lobbying Footprint, Braces for Congress
More Than 500 Dealers Mingle with Lawmakers
White House Says Trade Deal to Boost Auto Sector
Senators Propose Making Auto Safety Cover-Ups a Crime
New Auto Safety Technologies Leave Some Drivers Bewildered
Top Stories
NADA Chairman: Keep Auto Retailing Affordable for Consumers


NADA Chairman Bill Fox outlines the trade group’s key policy issues at an Automotive Press Association briefing in Detroit on Oct. 7, 2015.

Bill Fox: We’re fighting for fair financing, reasonable recall policies in Congress and practical fuel economy rules.

When determining new federal rules that shape the retail-auto industry, Bill Fox, chairman of the National Automobile Dealers Association, said misinformed policy decisions in the nation’s capital often lead to higher costs that will ultimately hurt car buyers.

In remarks to the Automotive Press Association in Detroit on Wednesday, Fox, a multifranchise new-car dealer in the upstate New York cities of Auburn and Phoenix, outlined NADA’s key policy initiatives, which include protecting consumer choice in auto financing, supporting legislation to increase consumer recall completion rates, and achieving a practical balance between government regulations and costlier fuel economy rules.

NADA, on every issue, has had the extraordinary challenge of explaining the reality of the retail-auto market to regulators, legislators and media, he said.

Click here for full remarks.
Source: NADA

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Volkswagen to Launch Massive Vehicle Recall in January

CEO Matthias Müller said some vehicles would require new fuel injection equipment and catalytic converters

Volkswagen AG on Wednesday said it will launch a massive recall in January of vehicles that have been affected by the emissions test scandal that has rocked Europe’s largest auto manufacturer. The recall will begin in the new year once German authorities have approved the company’s plans to fix the cars, a spokesman said, confirming remarks by Volkswagen Chief Executive Matthias Müller in an interview with the Frankfurter Allgemeine Zeitung. The recall is expected to be completed by the end of 2016.
Source: The Wall Street Journal

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VW, With Limited DC Lobbying Footprint, Braces for Congress

For the first time, Volkswagen Group of America President and CEO Michael Horn will appear before a congressional investigative committee this week. He, and the company, will bring little Washington political clout to the table. The world's No. 1 automaker has a modest political footprint in the nation's capital, compared to the lobbying and fundraising efforts of rivals Toyota, GM and Ford. That dynamic that could put Horn at a disadvantage Thursday when he appears before the House Energy and Commerce subcommittee on oversight and investigations.
Source: Associated Press

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More Than 500 Dealers Mingle with Lawmakers

The National Automobile Dealers Association chose an appropriate time to conduct its Washington Conference with all of the vehicle financing activity that percolated out of the nation’s capital last week. More than 500 franchised dealers and dealer association executives from across the country traveled to Capitol Hill for NADA’s event to attend briefings and meet with members of Congress to discuss key policy issues, which include protecting consumer choice in auto financing and supporting legislation that boost consumer recall completion rates.
Source: Auto Remarketing
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White House Says Trade Deal to Boost Auto Sector

President Barack Obama says the 12-nation free trade deal between Japan, the United States and 10 other nations will be a big boost to American auto suppliers and car companies, making it easier to sell vehicles, engines and other parts abroad. The Detroit News has learned the Trans-Pacific Partnership will immediately eliminate tariffs on around 80 percent of auto parts in all of the countries in the pact, and that could have a dramatic impact on parts production. It could help auto suppliers sell more U.S.-made parts abroad, but could in the long run allow some parts production to be shifted abroad.
Source: The Detroit News
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Senators Propose Making Auto Safety Cover-Ups a Crime

Blumenthal, Casey argue settlement between GM and Justice Department didn't do enough to hold officials accountable

Two U.S. senators on Tuesday introduced legislation which would make it a crime for a corporate officer to conceal information about a dangerous product, citing last month's settlement between General Motors and the U.S. Justice Department as proof that stronger laws are needed. U.S. Sens. Richard Blumenthal, D-Conn., and Bob Casey, D-Pa., introduced the legislation which would expose corporate officers to up to five years in prison and fines for knowingly concealing information about a product or action that could put the public or workers at risk of death or serious physical injury.
Source: Detroit Free Press
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New Auto Safety Technologies Leave Some Drivers Bewildered

Many Americans buying new cars these days are baffled by a torrent of new safety technology.

Some features will automatically turn a car back into its lane if it begins to drift, or hit the brakes if sensors detect that it's about to rear-end someone else. There are lane-change and blind-spot monitors, drowsiness alerts and cars that can park themselves. Technologies once limited to high-end models like adaptive cruise control, tire-pressure indicators and rear-view cameras have become more common. The features hold tremendous potential to reduce deaths and injuries by eliminating collisions or mitigating their severity, safety advocates say. But there's one problem: Education on how to use them doesn't come standard. Bewildered drivers sometimes just turn them off, defeating the safety potential.
Source: Associated Press
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Quotable
"Actions in Washington are taking away our customers' right to benefit from the dealer franchise system, especially rules governing dealer-assisted financing. When you’re paying $30,000 for a car, you should have every possible financial advantage. No government institution should deny you that. But that’s exactly what’s happening."

   -- NADA Chairman Bill Fox in remarks to the Automotive Press Association in Detroit today, NADA, Oct. 7

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