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February 5, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Invite a Member of Congress to Your Dealership This Year
Security, Privacy Musts for Connected-Cars Revolution
VW Delays 2015 Results Due to Open Issues on Emissions
Toyota Profit Edges Up as Weak Yen’s Benefits Wear Off
Automakers Lean on Celebrities, Music, Oddities for Super Bowl Commercials
Top Stories
Invite a Member of Congress to Your Dealership This Year

Educating lawmakers on how your business works is essential to your business

With Election Day nine months away and several legislative issues unresolved, including preserving dealer-assisted financing, tax reform and recall legislation, now is the time for franchised auto dealers to engage with their elected officials and ask them to support small business dealerships and their employees. Visits with legislators at home – whether at the dealership or at their district offices – are a valuable tool to support NADA’s legislative efforts on Capitol Hill.

“When elected officials visit a dealership and learn how the business operates, they become better informed about how their decisions in Washington, D.C., affect small businesses back home,” said Patrick Calpin, director of grassroots advocacy for the National Automobile Dealers Association. “NADA’s legislative efforts on Capitol Hill will not succeed without active dealer participation, including meeting with legislators, back in the states.”

With the Democratic and Republican national conventions in the summer leading up to November’s national elections, members of Congress will be working in Washington for only about 115 days.

Congressional recesses are often the perfect time to host a member of Congress or senator at the dealership.

Here is the 2016 schedule of upcoming House and Senate recesses:

  • February 15 - 19
  • March 28 - April 1
  • May 2 - 6
  • May 30 - June 3
  • July 18 - September 2
  • October 10 - November 11
  • November 21 - 25
  • December 19 - 23

To assist dealers in educating members on issues affecting dealers, NADA has published a quick reference guide, “3 Easy Steps to Making the Grassroots Connection,” which provides simple and easy instructions on how to get started.

If you are interested in hosting a member of Congress at your dealership, visit www.nada.org/grassroots or contact Patrick Calpin, NADA director of grassroots advocacy, at 202.547.5500.
Source: NADA

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Security, Privacy Musts for Connected-Cars Revolution

Takeaway: Connected cars present real opportunities to revolutionize mobility, but there need to be minimum privacy standards to increase consumer trust.

Connected cars present a chance to “revolutionize mobility” but they also stand out as “prominent targets” for hackers, Federal Trade Commissioner Terrell McSweeny said. If there is no consumer trust that connected cars will secure personal information, consumers won't buy them, McSweeny said Feb. 4 at the Connected Cars USA 2016 conference. There is a real opportunity to increase security and, along with it, consumer trust, she said. Speaking at the same conference, Sen. Edward Markey (D-Mass.) highlighted the need to establish minimum standards to prevent hacking of connected cars. Discussing a bill (S. 1806) he introduced with Sen. Richard Blumenthal (D-Conn.)— the Security and Privacy in Your Car (SPY Car) Act— Markey said that car owners should know when their data is collected, transferred and retained. Other panelists at the conference echoed the need to establish minimum standards, but cautioned that policy discussions shouldn't generalize the concept of connected cars.
Source: Bloomberg

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VW Delays 2015 Results Due to Open Issues on Emissions

Volkswagen Group said its emissions scandal will delay its publication of last year's results, as the automaker struggles to determine the financial impact of its emissions cheating scandal. The company didn't say when it will publish the results, originally scheduled for March 10. It also will delay its annual shareholders meeting, which was scheduled for April 21. VW said it still plans to publish the results of an investigation into the origins of the scandal in the second half of April. It cited "remaining open questions and the resulting valuation calculations relating to the diesel emissions issue," as reasons for the delays. The company will set new dates for its annual press conference and the shareholders meeting, VW said in a statement [Friday].
Source: Bloomberg

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Toyota Profit Edges Up as Weak Yen’s Benefits Wear Off

Toyota’s third-quarter net profit still grew 4.7% from a year earlier

Toyota Motor Corp.’s earnings, released Friday, showed net profit inching higher without help from currency moves, foreshadowing a shift likely to weigh on Japanese auto makers’ earnings this year. For nearly three years, a declining yen has been the single biggest contributing factor as Toyota posted record profits. The weaker currency allows Japanese companies to convert profits made overseas in dollars or euros back into yen at a more favorable rate. But in the October-December quarter, Toyota’s profits were barely affected by currencies. Toyota’s North American vehicle sales have been strong, backed by solid demand for sport-utility vehicles and pickup trucks.
Source: The Wall Street Journal

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Automakers Lean on Celebrities, Music, Oddities for Super Bowl Commercials

Although many automakers are taking a break from advertising during the Super Bowl, a hefty number still will make a showing for Sunday’s game. Audi, General Motors, Honda, Hyundai, Kia, Mini and Toyota all are expected to advertise during Super Bowl 50 in Santa Clara, CA, in a year when Ford, Nissan, Mercedes-Benz and Volkswagen decided to sit the bench. In keeping with recent tradition, most automakers already have released their commercials online, ads featuring a Super Bowl-typical slate of celebrities, retro music and animals, sometimes in combination.
Source: WardsAuto

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