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February 16, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Future Mobility: Views from the Auto Industry, Government and Wall Street
Commentary: What Do the Consumer Financial Protection Bureau and the Wizard of Oz Have in Common?
VW's Winterkorn Told of Defeat Device Probe in 2014, Bild Says
U.S. Per-Dealership Sales Rose Again in 2015
'Dealers Are Still Figuring It Out' as 6th Day of Service Becomes Commonplace
GM's Reuss Joining Board of Trustees at The Henry Ford
Top Stories
Future Mobility: Views from the Auto Industry, Government and Wall Street

Register today. Next month’s Automotive Forum in NYC includes top executives from Ford, BMW, Jaguar Land Rover, Google, IHS, NADA and J.D. Power among others.

One of the major topics at next month’s Automotive Forum in New York City is “Future Mobility.” Key stakeholders in the discussion include automakers, new-car dealers, tech companies, Wall Street and government who will provide their views on autonomous vehicles, car-sharing services and connected cars.


The speakers include Stephen Odell, executive vice president of global marketing, sales and service for Ford Motor Co.; Peter Welch, president of the National Automobile Dealers Association; and Joe Vitale, global automotive sector lead for Deloitte, followed by a panel session moderated by Tim Stevens, CNET editor.

John Krafcik, CEO of Google's self-driving cars program, will deliver remarks and sit down with Finbarr O'Neill, J.D. Power president, for a Q&A session.

In addition, Anne Ferro, president of the American Association of Motor Vehicle Administrators, and Blair Anderson, deputy administrator of the National Highway Traffic Safety Administration, will provide a state and federal perspective, respectively, on autonomous driving and future mobility.

Other speakers include Ludwig Willisch, president and CEO of BMW North America, and Joe Eberhardt, president and CEO of Jaguar Land Rover, who will discuss the luxury market. Nariman Behravesh, IHS chief economist, and John Humphrey, senior vice president of global automotive for J.D. Power, will highlight economic trends shaping the auto industry.

The full-day Automotive Forum, hosted by NADA, J.D. Power and the New York International Auto Show, will be held at the Grand Hyatt in New York City on Tuesday, March 22. Press days at the auto show begin on Wednesday, March 23. For the full agenda or to register, visit www.autoforumny.com.
Source: NADA

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Commentary: What Do the Consumer Financial Protection Bureau and the Wizard of Oz Have in Common?

Neither want you to pull back the curtain to see what's really going on, writes Travis Norton, executive director of the Center for Capital Markets Competitiveness. “Pay no attention to that man behind the curtain, pulling the levers, speaking in to the microphone. Pulling back the curtain might reveal that the disparate impact theory of discrimination under the Equal Credit Opportunity Act is as real as Dorothy’s dream,” Norton writes. “Unfortunately, there are no ruby slippers for American businesses and consumers that remain the targets of CFPB’s enforcement efforts.” Click here for the full commentary.
Source: U.S. Chamber of Commerce

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VW's Winterkorn Told of Defeat Device Probe in 2014, Bild Says

Former Volkswagen AG Chief Executive Officer Martin Winterkorn was notified as early as May of 2014 that U.S. authorities would probably inspect the company’s cars for an emissions-test defeat device, according to German newspaper Bild am Sonntag. A VW employee wrote to Winterkorn to say that the carmaker couldn’t provide an explanation for elevated nitrogen oxide emissions and that the authorities would probably look for a test-recognition function in motor-steering software, the German newspaper reported, citing a company document. Bild didn’t identify the employee.
Source: Bloomberg

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U.S. Per-Dealership Sales Rose Again in 2015

The average number of new-vehicle sales per U.S. dealership rose 4.8 percent in 2015 to 966 units, the fourth consecutive annual record, a new study found. Automotive consulting firm Urban Science’s annual Automotive Franchise Activity Report also found that last year was the sixth consecutive year of per-store sales growth. The U.S. auto industry set a record of 17.5 million light-vehicle sales in 2015. Last year’s per-store sales increase came as the U.S. dealership total remained mostly flat. The number of dealerships rose 0.7 percent during 2015 to 18,087, while the number of franchises -- the brands dealerships offer -- rose 0.5 percent.
Source: Automotive News

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'Dealers Are Still Figuring It Out' as 6th Day of Service Becomes Commonplace

In 2011, barely half of all new-car dealerships offered Saturday service, according to the National Automobile Dealers Association's annual Dealership Workforce Study. That has changed rapidly. In 2014, 92 percent of dealerships offered some form of Saturday service, from a quick oil change or brake job to full repairs, according to the 2015 study. One of the biggest challenges has been simply hiring enough trained service technicians to staff an additional day, given the shortage of such workers, says NADA Chief Economist Steven Szakaly. "It's a problem Monday through Friday, let alone on Saturday."
Source: Automotive News


Editor's note: NADA and ATD members are encouraged to participate in the 2016 NADA Dealership Workforce Study, open through April 29 at www.nadaworkforcestudy.com.

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GM's Reuss Joining Board of Trustees at The Henry Ford

General Motors Co. product development chief Mark Reuss has been elected to serve a three-year term on The Henry Ford Board of Trustees. Reuss, GM executive vice president of Global Product Development, Purchasing and Supply Chain, is the first employee from the Detroit-based automaker to serve on the board. He joins 20 other business and civic leaders from national and global organizations, according to the Dearborn history attraction.
Source: The Detroit News

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Quotable
"After a 20-year trend with an average of about a 1.5 percent decline [in the dealership network annually], the last six years appear to be kind of a new normal."

    -- Mitch Phillips, global data director at Urban Science, commenting on the rising number of dealerships and franchises, Automotive News, Feb. 15

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