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Inside this issue
Video: Highlights from the NADA / J.D. Power Automotive Forum in NYC
Carlson Seeks to Preserve Vehicle Affordability
New Guidelines Will Steer NADA in Coming Years
VW Faces Big Test of Dealer Faith
House Committee Turns the Tables on the CFPB
Dealers Nationwide are Getting Ready for a Plateau in New-Vehicle Sales
Top Stories
Video: Highlights from the NADA / J.D. Power Automotive Forum in NYC

 

NADA and J.D. Power hosted the 2016 Automotive Forum in New York City on March 22. The one-day event brought together more than 500 attendees representing automakers, new-car dealers, suppliers, analysts and the media to discuss how changes and economic conditions will shape the future of the automotive industry. Click here for the video.
Source: NADA

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Carlson Seeks to Preserve Vehicle Affordability

Jeff Carlson, the National Automobile Dealers Association's incoming chairman, is on a quest to preserve vehicle affordability. He says regulatory overreach, recalls, pressure from automakers and other factors are a threat to consumers' ability to buy the cars and trucks they want at a fair price. Carlson, who started his career at Ford Motor Co., has been a dealer for more than 30 years. He has served as NADA director for the Colorado Automobile Dealers Association and as president of Colorado's Motor Vehicle Dealer Board. Carlson, 65, spoke with Staff Reporter Ryan Beene. Click here for the full Q&A.
Source: Automotive News

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New Guidelines Will Steer NADA in Coming Years

The National Automobile Dealers Association enters its 2016 convention leaner and more focused. In late 2015, NADA leaders determined new pillars to guide the association in years ahead, outgoing NADA Chairman Bill Fox said. He calls the guidelines NADA's major accomplishment as it heads toward its centennial next year. "It's a new day at NADA," said Fox, who handed the chairmanship to Jeff Carlson early this year, ahead of a later-than-usual convention. The formal gavel handoff will take place at the convention in Las Vegas. "The challenge is to continue to be the voice of the dealer and to represent those dealers as we go forward."
Source: Automotive News

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VW Faces Big Test of Dealer Faith

Brand's brass must win over angry U.S. retailers

The next chapter in Volkswagen's American story may have a lot to do with what transpires this weekend in a Las Vegas hotel ballroom. It's where senior VW executives will face a gathering of dealers who have been stewing for years over unfulfilled ambitions, red ink and broken promises. They will try to make the case that they can rebuild the battered brand and justify the $1 billion dealers have invested in it over the past 10 years. It may be their last shot.
Source: Automotive News

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House Committee Turns the Tables on the CFPB

The Consumer Financial Protection Bureau, which has accused auto lenders of unintended yet de facto discrimination toward minorities, now has been accused of similar behavior in its own ranks. The accusation came from U.S. Rep. Jeb Hensarling, R-Texas, chairman of the U.S. House Financial Services Committee, when CFPB Director Richard Cordray appeared before the committee on March 16. The House panel, Hensarling said, had checked the CFPB's own pay plans, using methodology similar to that which the agency has used to determine whether financial companies' lending practices end up being discriminatory. That methodology, which relies on addresses and family names to determine individuals' race, has been criticized for producing inaccurate results. Its actual accuracy rate is unknown because the CFPB has been unwilling to share details of the methodology, which would allow outsiders to do an independent evaluation. The committee's analysis found that the CFPB paid its African-American employees nearly $16,000 less than their white counterparts. That finding suggests "that you are presiding over a racist organization," said Hensarling, adding, "Should not the same racial analysis you apply to others be applied to you?"
Source: Automotive News

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Dealers Nationwide are Getting Ready for a Plateau in New-Vehicle Sales

With most of the first quarter behind them, many dealers believe new-vehicle sales have plateaued, prompting them to take steps to protect profits in case the market slows or slides. Most retailers have a playbook on how to survive a downturn fresh in their minds. The 2008-09 recession provided "a heck of an education," said Asbury Automotive Group COO David Hult. "It would be hard for me to imagine that people didn't become really knowledgeable during that time on what to do and how to adjust when downturns take place."
Source: Automotive News

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