View Web Version

SPONSORED BY
NADA.org
April 7, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
VW Dealer Defies Council, Sues Factory for Damages From Diesel Scandal
Happening Now: CFPB Director Testifying Before Senate Banking Committee
Honda 'Working Feverishly' to Fix Customer Billing Glitch
OSHA: Auto Body Shops Shouldn’t Have to Worry About New Silica Dust Rule Thanks to NADA-KPA Work
IRS Issues 2016 and Revised 2015 Vehicle Depreciation Limits
GM Expands Discounts for Military Veterans, Spouses
Google Expands Self-Driving Vehicle Testing to Phoenix, Ariz.
Top Stories
VW Dealer Defies Council, Sues Factory for Damages From Diesel Scandal

Three Volkswagen dealerships owned by the Illinois-based Napleton Automotive Group sued the automaker Wednesday, defying a VW dealer council effort to dissuade retailers from using courts to tackle grievances caused by the automaker’s diesel-emissions crisis. The 111-page lawsuit seeks class-action status and accuses VW of defrauding retailers, according to a statement from Hagens Berman Sobol Shapiro, the Seattle-based law firm representing the Napleton dealerships. Hagens Berman also represents thousands of VW diesel owners who have sued the automaker following the 6-month-old scandal. Napleton’s suit accuses VW of engaging in a “criminal racketeering enterprise” with its diesel emissions violations and says the company violated state and federal laws designed to protect dealer franchisees. The suit alleges VW “carried out a systematic, illegal pricing and allocation scheme that favored some dealers over others and illegally channeled business” to Volkswagen Credit, its captive finance arm, according to the statement.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Happening Now: CFPB Director Testifying Before Senate Banking Committee

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray is testifying before the Senate Banking Committee for his semi-annual report to Congress.  Director Cordray is already facing questions from the panel of Senators regarding CFPB attempts to regulate auto dealers and limit credit discounting.

NADA expects that Director Cordray will face more questions regarding auto finance and S. 2663, the "Reforming CFPB Indirect Auto Financing Guidance Act". Click here to watch the live broadcast of the hearing.
Source: NADA

Share: LinkedIn Twitter Facebook

[back to top]

Honda 'Working Feverishly' to Fix Customer Billing Glitch

Refunds to begin Thursday, Honda says

Honda Financial Services scrambled Wednesday to identify and repair a payment processing glitch on its website and servers that significantly overcharged consumers. Some customers took to social media to report they were charged double on vehicle payments, and many were charged overdraft fees. Honda said late Wednesday that it had identified customers affected by the glitch and that refunds would be issued beginning Thursday. Fees would also be waived or refunded, Honda said, adding it would provide assistance for customers with "credit concerns" stemming from the error.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

OSHA: Auto Body Shops Shouldn’t Have to Worry About New Silica Dust Rule Thanks to NADA-KPA Work

Though it’s not technically an exemption, collision repairers won’t have to worry about testing their shops or other steps to ensure compliance with a new OSHA silica dust rule. “This is a huge win for all collision centers and was a long time in development,” Eric Schmitz, vice president of EHS products at KPA, wrote in an email to collision industry figures last month. The Occupational Safety and Health Administration March 25 published a new rule restricting the amount of crystalline silica allowed in a workplace to a flat 50 micograms per cubic meter of air. The prior limit, enacted in 1971, fluctuated depending on a variety of equations an employer must complete (though OSHA provided a tool for calculating the answers). The new limit takes effect June 23, 2016, but business won’t have to comply until 2017-21, depending on the industry.

Fearing collision repairers would be forced to track a substance which simply wasn’t a risk to industry workers, KPA and the National Automobile Dealers Association (Maine’s OSHA Consultation Program helped too) in 2014 tested for fine silica dust in 10 shops spread across seven states. All fell below the 50-microgram limit. The NADA study of body shops is even mentioned in the Federal Register (Page 16705, in case you were wondering) as an example of how any industry with solid research proof that it wouldn’t exceed 25 micrograms of crystalline silica dust could effectively ignore the rule. The one shop registering dust in the NADA-KPA study was still below 25 micrograms — and that dust might have come from street repair outside the shop, according to Schmitz.

The particles can be thrown off by those working with concrete, stone and brick, for example, which made the OSHA proposal much more controversial for industries such as construction work and masonry, Lauren Bailey, NADA manager of state law and regulatory initiatives, said in 2015. In collision repair, it’s much rarer to find anything which even emits enough silica particles to be noticed, and that’s not likely to change even with new materials like carbon fiber-reinforced polymers, she said.
Source: Repairer Driven News

Share: LinkedIn Twitter Facebook

[back to top]

IRS Issues 2016 and Revised 2015 Vehicle Depreciation Limits

The IRS has issued guidance (Rev. Proc. 2016-23) providing revised limits for the amount of first-year depreciation taxpayers can take for a business-use passenger automobile (including a truck or van) in 2015 and the new depreciation limits for 2016. The guidance also includes the lease inclusion amounts that vehicle lessees must include in income for 2016.
Source: IRS

[back to top]

GM Expands Discounts for Military Veterans, Spouses

General Motors is expanding military discounts to all 21 million U.S. military veterans and their spouses on select Chevrolet, Buick and GMC models. The program runs now through May 31, GM said. The discount is in honor of National Military Appreciation Month, which is celebrated every May. Active duty members, reservists, National Guard members and retirees -- including their spouses -- of the U.S. Army, Navy, Air Force, Marine Corps and Coast Guard are eligible. GM’s U.S. light-vehicle sales have slipped 0.1 percent this year in an overall market that has expanded 3.3 percent and remains on track to set another record in 2016.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

Google Expands Self-Driving Vehicle Testing to Phoenix, Ariz.

Alphabet Inc. is expanding its testing of self-driving cars to the Phoenix, Ariz., metro area, the company said on Thursday, making it the fourth U.S. city to serve as a proving ground for the autonomous vehicles. The company's Google unit has conducted driverless vehicle testing for six years in Mountain View, Calif., where it is based, and expanded testing to Austin, Texas, last summer. In February, Kirkland, Wash., which is home to significant wet weather, was added as a testing site. Major automakers, and technology companies led by Google, are racing to develop and sell vehicles that can drive themselves, but they have complained that safety rules are impeding testing and ultimate deployment of such vehicles.
Source: Reuters

Share: LinkedIn Twitter Facebook

[back to top]

More Articles
           
          Quotable
          "The Company is committed to resolving the U.S. regulatory investigation into the diesel emissions matter as quickly as possible and to implementing a solution for affected vehicles, as we work to earn back the trust of our customers and dealers and the public."

             ---  VW, in a statement in response to a recent suit over the automaker's diesel-emissions crisis, Automotive News, April 6

          Sponsored by

          NADA Market Beat

          Low Interest Rates and Wage Growth Sustain Auto Sales Momentum in February
          Videos

           NADA 2016: Sunday


           NADA 2016: Saturday


           NADA 2016: Friday


           NADA 2016: Three Square Food Bank

          Sponsored by


          NADA Webinars
          NADA members can view past webinars on-demand at no charge at NADA University Online. Member must create an NADA account before viewing.

           
           
          Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
          NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .