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Inside this issue
Suzuki Patriarch Steps Down from CEO Post as Mileage Test Storm Grows
Toyota Retains Title as Most Valuable Car Brand
BMW's Robertson Warns Industry to Brace for Change
Register for NADA's 'The DOL's Persuader Rule and its Impact on Your Dealership' Webinar
Ford, Fiat Chrysler Pivot to More SUVs, Fewer Small Cars
Greensburg, Pa., Car Salesman Retires after 53-Year Run
Top Stories
Suzuki Patriarch Steps Down from CEO Post as Mileage Test Storm Grows

Suzuki Motor Corp. patriarch Osamu Suzuki is stepping down as chief executive and the Japanese automaker promised to cut executive pay and slash 2015 bonuses, hoping to draw a line under the bruising admission of major flaws in its fuel tests. Executive Vice President Osamu Honda, who also served as chief technical officer, will retire, taking responsibility for the research and development team at the heart of the testing scandal. Japan's No. 4 automaker by sales said in May it had used the wrong methods to calculate mileage for models going back to 2010, widening a mileage testing storm that had already rocked smaller rival Mitsubishi Motors Corp.
Source: Reuters

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Toyota Retains Title as Most Valuable Car Brand

Toyota retained its title as the world's most valuable car brand in a new ranking, holding off BMW and Mercedes-Benz. Tesla, meanwhile, entered the top 10 for the first time, indicating the rising challenge traditional automakers face from so-called industry disruptors. Toyota’s brand value rose 2 percent to $29.5 billion, according to the BrandZ Top 100 Most Valuable Global Brands study released today by market researcher Millward Brown.
Source: Automotive News

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BMW's Robertson Warns Industry to Brace for Change

BMW sales and marketing chief Ian Robertson warned that the marketplace for transportation is evolving at a far faster pace than only recently believed by the car industry, likening incumbent automakers to frogs in a pot slowly cooking to a boil. “In our view the next 10 years are probably going to involve more change and more dynamics than we have seen in the last 100,” he told participants at Automotive News Europe’s annual congress here today. “The challenge for us as an industry is: Don’t enjoy the warm water, because it’s not going to end well.” In particular, people’s reliance on smartphones to shop for clothes, buy food or book holidays with the ease of a click has affected every sector of the economy, pressuring brick-and-mortar retail everywhere. In the future, intelligent devices will form the center point for access to personal mobility, Robertson said.
Source: Automotive News


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Register for NADA's 'The DOL's Persuader Rule and its Impact on Your Dealership' Webinar

NADA will host the webinar "The DOL's Persuader Rule and its Impact on Your Dealership" on Wednesday, June 16 at 1 p.m. ET. The free webinar, presented by James Hendricks of Litchfield Cavo, LLP, will discuss how to plan ahead for new regulations under the Department of Labor's "Persuader" rule that will take effect on July 1, 2016. Attendees will learn how the new rule will impact reportable activity for employment and labor relations consultants under the Labor-Management Reporting and Disclosure Act. Click here to register.
Source: NADA

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Ford, Fiat Chrysler Pivot to More SUVs, Fewer Small Cars

Ford Motor Co. and Fiat Chrysler Automobiles are cutting production of smaller cars and idling workers at some North American factories, while boosting output of sport utility vehicles in reaction to a long-term shift toward larger vehicles, the companies said on Tuesday. The U.S. government has forecast gasoline prices will average about $2.27 a gallon this summer.
Source: Reuters

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Greensburg, Pa., Car Salesman Retires after 53-Year Run


Don Wassel poses with his 1957 Mercury Monterey, which was displayed during his retirement celebration at Smail Ford Lincoln in Greensburg, Pa., on June 1, 2016. (Photo: NADA)

In the early 1960s, Don Wassel walked into a Lincoln-Mercury dealership in Greensburg for a job interview. He didn’t have an appointment. But the owner, Bud Smail, took a break from signing the weekly payroll to chat with the 20-year-old who had been making a living as a door-to-door salesman. Three days later, Mr. Smail offered him the job. Nationally, employment at U.S. new-car dealerships reached 1.1 million in 2015, up 4.3 percent from 2014, according to the National Automobile Dealers Association. At Smail Auto Group, 25 percent of its employees have worked there for more than 10 years -- even if most haven’t quite reached the five-decade level.
Source: Pittsburgh Post-Gazette

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More Articles
               
              Quotable
              "In our view the next 10 years are probably going to involve more change and more dynamics than we have seen in the last 100."

                  -- Ian Robertson, BMW sales and marketing chief, referring to the evolving marketplace for transportation, Automotive News, June 8

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