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Inside this issue
Video: Saturday at the 2016 NADA Convention
NADA Chairman Jeff Carlson Outlines Priorities for 2016
Diess Says VW Will 'Redefine' Brand in U.S.
For Lenders, Hassles but Headway
Karl Rove, Howard Dean agree: Trump Will Not Be President
Ford Brand Stair-Step Program to Remain in Place -- For Now
ADESA Auction Raises a Record $128,000 for Canine Companions
Top Stories
Video: Saturday at the 2016 NADA Convention

The 2016 NADA Convention & Expo in Las Vegas kicked off on March 31. Click here for highlights from Saturday.
Source: NADA


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NADA Chairman Jeff Carlson Outlines Priorities for 2016

 

In his first speech as 2016 chairman of the National Automobile Dealers Association, Jeff Carlson pledged to build on the momentum NADA established in 2015 and lead the organization into its next 100 years of successful advocacy on behalf of America's franchised new-car and -truck dealers. In remarks at the 2016 NADA Convention & Expo in Las Vegas, Carlson highlighted several of NADA's priorities: right-sizing NADA to carry out its primary mission of advocacy, promoting the value of the dealer franchise network for consumers and helping dealers stay true to their mission by providing their customers with affordable mobility.
 
“We have right-sized the association and are ready to enter into the next century. A century where we will advocate for all dealers, all of the time, everywhere, just as we have for the past 99 years,” said Carlson, president of Glenwood Springs Ford and Glenwood Springs Subaru in Glenwood Springs, Colo., and co-owner of Summit Ford in Silverthorne, Colo. “We will do that in the legislative and regulatory arenas. We will do that with our manufacturers.” Carlson, who represents Colorado's new-car dealers on NADA's board of directors, added that NADA will continue to build in its successful advocacy efforts on key issues, such as preserving the ability of dealers to discount credit and make credit affordable and accessible, and being advocates for dealers and consumers alike when it comes to ill-advised government policy and manufacturer issues.
Source: NADA

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Diess Says VW Will 'Redefine' Brand in U.S.

Execs offer no clues on U.S. dealer compensation; Product plan is still on track

Volkswagen brand chief Herbert Diess vowed to “redefine” VW’s beleaguered brand identity in the U.S. market and pledged to boost production to support U.S. sales this year, but dealers say several issues remained unresolved after VW’s make meeting at the National Auto Dealers Association convention [Saturday]. The 90-minute meeting marked a cease-fire in VW’s strained relationship with its U.S. dealers. Dealers say they came away convinced VW would continue to pursue the objectives championed by former VW of America CEO Michael Horn, even without any clear signs of how VW planned to rebuild its reputation with customers and regulators in the wake of the emissions crisis. Citing a government gag order, Diess and other executives offered no details about technical fixes for the diesel crisis or compensation for consumers, attendees said. Neither did they discuss the prospect of settlement talks with dealers, who on Friday formed a special committee to lead negotiations with VW on compensation for losses incurred by dealers since the scandal erupted in September. Instead, VW’s executives stuck mostly to the product talking points, reaffirming longstanding plans to launch two key crossovers next year and pledging to boost production of some models to support sales in 2016, according to dealers who attended.
Source: Automotive News

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For Lenders, Hassles but Headway

Some insiders say CFPB has driven the industry to improve

The Consumer Financial Protection Bureau has rocked the auto finance industry over the past few years. But now, some lenders say they've grown used to it. The CFPB conversation has even turned in auto lenders' favor in some ways, and it's making the industry better, experts say. That doesn't mean the industry's relations with the CFPB are warm and fuzzy. The bureau will continue its "assault on the industry" and "attempt to control the business model," Chris Stinebert, president of the American Financial Services Association, said this week at the group's Vehicle Finance Conference in Caesars Palace.
Source: Automotive News

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Karl Rove, Howard Dean agree: Trump Will Not Be President

Former Democratic Party Chairman Howard Dean and Republican senior presidential adviser Karl Rove agree on one thing in a chaotic election year: Donald Trump will not be elected president of the United States. A Trump presidency “is not gonna happen,” Rove explained, saying that Trump’s negatives were too high to win in the general election in November. Dean agreed, but warned delegates at the convention: “I’ve been wrong about Trump every week since June 16,” when the New York billionaire entered the race. Both men headlined an hour-long political discussion Saturday at the convention, moderated by Politico’s Mike Allen.
Source: Automotive News

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Ford Brand Stair-Step Program to Remain in Place -- For Now

The Ford brand is extending its year-old stair-step incentive program at least through July and making some tweaks in response to feedback from dealers, but executives are still evaluating whether it should remain in place long-term. The program, known as the Volume Growth Bonus, has remained in the “pilot” stage since its introduction in March 2015. Ford told dealers it’s adding four months to the program, starting in April.
Source: Automotive News

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ADESA Auction Raises a Record $128,000 for Canine Companions

Giving back was the theme during an ADESA auction at the NADA Convention & Expo in Las Vegas, where a record $128,000 was raised to train service dogs for wounded veterans. The acts of generosity came in waves, as one winning bidder after another donated back a 2014 Harley-Davidson Dyna Street Bob FXDB motorcycle to be re-auctioned. "We are in awe of the overwhelming generosity displayed by our customers and NADA attendees at this year’s charity motorcycle auction,” said Stéphane St-Hilaire, ADESA president and CEO. “ADESA is very proud to once again support the National Automobile Dealers Charitable Foundation (NADCF) and Canine Companions for Independence. We look forward to future opportunities to partner with these fantastic causes.”
Source: NADA

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             ---  2016 NADA Chairman Jeff Carlson, in remarks at the NADA convention on Saturday, NADA, April 2

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