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Inside this issue
NADA Chairman's Column: To Drive or Not to Drive
New Auto Launches to Reach Record Pace
VW, U.S. Dealers to Hold Talks on Financial Relief Over Emissions Violations
Nissan Will Take 34% Controlling Stake in Mitsubishi Motors
U.S. Growth Boosts Profit at Subaru Parent; Company to Change Name to Subaru Corp.
Analyst: Driverless Cars Wouldn’t Need Speed Limits
NADA Accepting 2017 Convention Workshop Proposals
Top Stories
NADA Chairman's Column: To Drive or Not to Drive
By Jeff Carlson

On recalls, that is the only question – and only because of parts

Parts, parts, parts.

Much has been said and written recently about our nation's vehicle recall policy. And while it's regrettable that a great deal of the conversation has been overly negative, needlessly controversial and – at times – unfairly accusatory, the silver lining is that the discussion has prompted an increase in consumer awareness of the issue, which we all know from experience is desperately needed to increase the recall completion rate.
 
But at the same time, many have lost sight of the core issue at hand, which is what to do with recalled vehicles while consumers and dealers are awaiting replacement parts from the manufacturers. Because when we're talking about recalls, parts are everything.
 
Let's take a step back and consider what the world would look like if all needed repair parts were immediately and readily available for every vehicle recall.
 
If parts were available, then everyone – dealers, manufacturers, regulatory agencies like the National Highway Traffic Safety Administration (NHTSA) and the United States Department of Transportation (DOT), and safety advocates – would be in lockstep in stressing the urgency of having consumers bring their vehicles into local dealerships for repairs as soon as possible. Everyone would be working together to improve consumer outreach and awareness, because consumer apathy would be the only obstacle in the way of achieving our shared goal of a 100-percent recall completion rate.
 
Unfortunately, that's not the world in which we live. Parts are not always available. And manufacturer delays in providing repair parts have become the core problem in recall policy.

Click here for the full commentary.
Source: NADA

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New Auto Launches to Reach Record Pace

Automakers will sell a record 20 million new cars and trucks in 2018, and will introduce new vehicles at historically high rates through the end of the decade, according to a forecast in the annual Car Wars report released Wednesday. John Murphy, senior auto analyst for Bank of America Merrill Lynch Global Research, told the Automotive Press Association on Wednesday in Detroit that the industry is still in the midst of a “very significant” upturn, and that demand — driven in part by low interest rates — will continue through 2020.
Source: The Detroit News

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VW, U.S. Dealers to Hold Talks on Financial Relief Over Emissions Violations

Volkswagen AG agreed to begin talks with VW dealers in the U.S. seeking compensation for financial damages caused by the company’s diesel emissions violations. The move toward a settlement with dealers comes nearly six weeks after the National Automobile Dealers Association convention, where an off-the-books gathering of hundreds of VW retailers spurred a committee of six dealers, headed by Florida dealer Jason Kuhn, to press VW executives for a relief package on behalf of all 652 VW dealers in the U.S.
Source: Reuters

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Nissan Will Take 34% Controlling Stake in Mitsubishi Motors

Nissan Motor Co. will invest 237 billion yen ($2.2 billion) to take a controlling 34 percent stake in Mitsubishi Motors. The purchase is poised to vault Nissan past Mitsubishi group companies to become Mitsubishi Motors’ single-largest shareholder.
Source: Automotive News

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U.S. Growth Boosts Profit at Subaru Parent; Company to Change Name to Subaru Corp.

The maker of Subaru vehicles today reported surging profits in its latest quarter as the company chalked a third-straight year of record financial results on booming U.S. sales and big gains from favorable foreign currency rates. Fuji Heavy Industries Ltd., as the company has been known since 1953, also said it will change its name to Subaru Corp. to improve brand recognition of its leading products.
Source: Automotive News

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Analyst: Driverless Cars Wouldn’t Need Speed Limits

Ever think about barreling down Interstate 75 at 150 mph and getting to and from work in half the time? One Wall Street automotive analyst thinks that scenario could play out in a future with fully autonomous cars. Bank of America Merrill Lynch analyst John Murphy said Wednesday at an Automotive Press Association luncheon in Detroit that completely driverless vehicles wouldn’t need speed limits. That would mean quicker commutes to and from work, and more personal time for errands or other activities.
Source: The Detroit News

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NADA Accepting 2017 Convention Workshop Proposals

The deadline to submit a workshop proposal is May 16, 2016.

The workshops are one of the main attractions at the annual NADA Convention and Expo. Nearly 16,200 participants, which included new-car dealers, dealership managers and industry professionals, attended the workshop sessions at the past convention in Las Vegas. Workshop proposals for the 2017 NADA convention, which will be held in New Orleans, can be submitted online until 5 p.m. EDT on May 16, 2016. For detailed instructions on how to submit a workshop proposal, click here.
Source: NADA Dealership Operations

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          Quotable
          "... The truth of the matter is that we ALL want to get 100 percent of recalls fixed 100 percent of the time, period. How do we get there? More parts, and more consumer awareness. And we all have to work together to get there. Our customers deserve nothing less."

              -- NADA Chairman Jeff Carlson, on the need for parts to complete vehicle recalls in the latest NADA Chairman's Column.

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