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June 15, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA Launches New Academy Plus Program
Lexus Again Tops NADA Dealer Attitude Survey
VW Said to Weigh Asset Sales in End to Era of Empire Building
Mitsubishi Reportedly Used Improper Mileage Data for Other Models
Wholesale Depreciation Quickens in May, But Index Up
Fiat in Talks with Uber as Marchionne Seeks Tech Deals
Auto Displays Grow into Bigger Roles
Top Stories
NADA Launches New Academy Plus Program

Applications are now being accepted for NADA Academy Plus, a new, cost-effective program that trains a dealership management team to improve business performance.



“NADA Academy Plus is a rapid, fast-track program designed to align industry best practices with a dealership’s vision, goals and objectives,” said Jim Schoonover, senior director of education and consulting for NADA Dealership Operations. “It’s unique in that it encompasses all of NADA’s educational and consulting offerings in one program.”

The Academy includes six instructor-led weeks of education over a 12-month period. Each week focuses on a specific department discipline, including financial management, parts, service, pre-owned vehicle sales, new-vehicle sales and business leadership. Academy Plus provides the opportunity for key department leaders to attend specific class weeks together.

“By sending a department manager or director to attend with a full-time student, the dealership is going to accelerate its results,” said Peter Fong, senior vice president of NADA Dealership Operations. “Implementing new processes to improve profitability becomes easier when your key leaders are on the same page.”

This is the first program of its kind. Enrollment includes the industry-leading Academy curriculum plus extensive integration of the NADA 20 Group composite, an in-dealership consultation facilitated by the NADA 20 Group and a NADA University Online Premium Subscription for all employees at the dealership.

Applications are being accepted now. The first class begins in October 2016. To enroll or for more information, call 800.557.6232 or visit www.nada.org/academyplus.
Source: NADA Dealership Operations

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Lexus Again Tops NADA Dealer Attitude Survey

Lexus ranked first overall in the Winter 2016 NADA Dealer Attitude Survey, followed by Toyota, Subaru and Honda, the National Automobile Dealers Association said [Tuesday]. Those four brands, in that order, scored highest in both the overall survey and in their consideration of dealer input on matters such as product, product quality concerns and advertising programs. In the overall rankings, Porsche, Ford, Mercedes-Benz, Kia, Jeep and Audi rounded out the top 10, NADA said.
Source: Automotive News

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VW Said to Weigh Asset Sales in End to Era of Empire Building

Volkswagen AG is shifting away from its era of empire building with plans to bundle its fragmented components businesses and review its portfolio for possible asset sales. To navigate the company out of the emissions-cheating scandal, the biggest crisis in its history, Chief Executive Officer Matthias Mueller is undertaking a sweeping strategy review that includes backing off a focus on growth at all costs, shifting the company into car-sharing and stepping up electric-vehicle development.
Source: Bloomberg

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Mitsubishi Reportedly Used Improper Mileage Data for Other Models

Mitsubishi Motors Corp. used improper fuel economy data for additional models that are no longer being sold and plans to report on the matter soon to Japan's transport ministry, local media reported [Wednesday]. Mitsubishi admitted in April to overstating the fuel economy on four of its mini-vehicles, including two produced for Nissan Motor Co., and has said its own investigations suggest that improper mileage calculations were used for nine other models.
Source: Reuters

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Wholesale Depreciation Quickens in May, But Index Up

NADA Used Car Guide’s seasonally adjusted used-vehicle price index rose by 0.7 percent to 119.1 — the first increase since November. And while wholesale depreciation sped up in May as prices of used vehicles fell by 2 percent compared to April, May’s performance was better than expected and was an improvement over the 2.7 percent decline average over the previous four years.
Source: Auto Remarketing

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Fiat in Talks with Uber as Marchionne Seeks Tech Deals

Fiat Chrysler Automobiles NV, the first major automaker to strike a deal with Google on driverless cars, now has started discussions on a similar partnership with Uber Technologies Inc., people familiar with the matter said. A venture with Uber could be announced by the end of the year, said one of the people. Talks are at a preliminary stage, and the ride-hailing service is holding conversations with several other carmakers, said another person.
Source: The Detroit News

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Auto Displays Grow into Bigger Roles

Knobs, buttons and gauges are increasingly taking a backseat to high-definition screens and digital clusters in new cars and trucks, as the technology and auto industries converge. What were once stacks of dimly lit buttons and controls for audio and climate have morphed into crisply lit screens that can tell the driver directions, weather forecasts and movie times. IHS Automotive forecasts about three out of every four vehicles produced by 2021 will be equipped with at least one digital display cluster that replaces certain gauges and information behind the steering wheel — as well as a screen in the middle of the instrument panel for infotainment or other interior controls.
Source: The Detroit News

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              Quotable
              "By sending a department manager or director to attend with a full-time student, the dealership is going to accelerate its results."

                  -- Peter Fong, senior vice president of NADA Dealership Operations, commenting on the new NADA Academy Plus program, nada.org, June 15

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