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November 24, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
WSJ Editorial: Revolt Against Racial Auto Profiling
How Trade-In Prices Would Hurt if Recalls Grounded All Used Sales
UAW Reaches End of Winding Road with Detroit Automakers
Audi to Revise Emissions Control Software in U.S. Vehicles with 3.0-Liter Engines
Ford Won't Use Takata Air Bag Inflators in Future
Fiat Chrysler Launches 3 Youth-Targeted Ads During American Music Awards
Top Stories
WSJ Editorial: Revolt Against Racial Auto Profiling

To Team Obama, if your name is ‘Johnson’ you must be black.

The progressive left hasn’t suffered many defeats in the Obama era, so the occasional setback for the cause of bigger and unlawful government is worth celebrating. Last week we told you about House Democrats preparing to rebel against an egregious abuse by Obama Administration regulators. The rebellion succeeded, and the result is that a veto-proof House majority has rebuked the Consumer Financial Protection Bureau.

By a vote of 332-96, lawmakers voted to roll back the bureau’s campaign to prevent car dealers from negotiating rates on auto loans. The feds have been justifying their power grab—and extracting settlements from the banks that provide auto financing—by claiming that dealers are discriminating against minority borrowers. But the bureau isn’t presenting actual victims who have suffered harm. The regulators are simply guessing the race of borrowers based on their last names and addresses in the loan files and then claiming racism if the people they guessed were minorities seemed to be paying higher rates.

We’ve been raising questions for years about the analysis behind the bureau’s war on car dealers. And since we explained the bureau’s racial guessing game last spring, it’s nice to see other media have discovered the story.
Source: The Wall Street Journal

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How Trade-In Prices Would Hurt if Recalls Grounded All Used Sales

A recent study commissioned by the National Automobile Dealers Association reveals that vehicle trade-in values could decline by an average of $1,210 if legislation were to pass that forbade dealers from selling used-vehicles with open recalls. The J.D. Power study, which NADA commissioned, is titled “An Economic Assessment of Trade-In Value Reduction Caused by Preventing Auto Dealers from Selling Passenger Vehicles with any Open Recall.” It estimates that the value of some vehicles could decline by as much as $5,713.
Source: Auto Remarketing

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UAW Reaches End of Winding Road with Detroit Automakers

Friday was momentous with ratification of General Motors and Ford deals only hours apart after months of grueling talks

Detroit’s once-every-four-years ritual of UAW negotiations and ratification is finally over. No one involved is completely happy and that's a good sign. The final two companies: General Motors and Ford, ratified their agreements late Friday after months of grueling talks. There are as many opinions about who won and who came up short as the 140,000 workers whose pay and benefits for the next four years were set in the contracts.
Source: Detroit Free Press

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Audi to Revise Emissions Control Software in U.S. Vehicles with 3.0-Liter Engines

Audi AG said [Monday] that it will revise emissions control software used on more than 85,000 Volkswagen Group vehicles with 3.0-liter diesel engines that U.S regulators said earlier this month violated U.S. clean air laws. Audi will submit new applications for U.S. government emission certification for the revised software, the VW luxury brand said in a statement. Once approved by EPA and California’s Air Resources Board, Audi will make the software available to be installed in the vehicles, the company said. The VW Group also extended its U.S. market stop-sale on new models powered 3.0-liter diesel vehicles “until further notice.”
Source: Automotive News

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Ford Won't Use Takata Air Bag Inflators in Future

Ford will not be using air bag inflators made by Takata Corp. in future vehicles, another blow to the troubled Japanese parts supplier as the auto industry continues to shun its product. Ford joins Honda, Toyota and Nissan in deciding against putting the inflators in cars, trucks and SUVs now under development.
Source: Detroit Free Press

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Fiat Chrysler Launches 3 Youth-Targeted Ads During American Music Awards

Olivier Francois: 'Every brand has its own playlist'

Fiat Chrysler Automobiles, in another high-profile advertising move, launched three spots during Sunday night's broadcast of the American Music Awards on ABC. The spots, ranging from 30 to 90 seconds, targeted a youthful audience, “The use of music in this campaign gives us the opportunity to connect with millennials through a shared passion,” Olivier Francois, FCA’s global chief marketing officer, said in a statement. “Our strategy to approach each brand like a ‘playlist’ enables us to reach across genres, allowing us to check two of the most important marketing ‘boxes’ -- brand building, giving each voice a distinctive persona and relevance to a targeted audience.” This was the second consecutive year that FCA has advertised during the American Music Awards.
Source: Automotive News

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More Articles
 
Quotable
"In a hypothetical scenario, a lack of clear information could reduce the trade-in value offered to a consumer by hundreds of dollars if a trade-in manager were to overestimate a 30-day recall delay by an additional 30 days."

    -- Jonathan Banks, executive analyst at the Used Car Guide division of J.D. Power, commenting on a new report highlighting how trade-in value would decline under over-broad recall policy, Auto Remarketing, Nov. 23


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