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Inside this issue
U.S. Auto Sales May Have Finally Hit a Plateau, a High and Healthy One
AFSA & NADA Engage with CFPBs Cordray During Recent Forum
Carmakers Wait to See if MPG Rules Will Stick
VW Says U.S. Diesel Settlement Won't Be Replicated in Europe
Watch Your Wallet Federal Civil Penalties are Going Up!
Nissan, Renault See Cost Savings Growing with Mitsubishi in Fold
For Suppliers, Self-Driving Payday Nears
Top Stories
U.S. Auto Sales May Have Finally Hit a Plateau, a High and Healthy One

In June, the annualized pace of sales was 16.6 million, the slowest sales pace of any month in the past year and down from the 17 million-plus pace the industry has enjoyed for most of the past year.

U.S. auto sales appear to have finally hit their peak but the industry isn't worried. U.S. auto sales increased a tepid 2.5% in June, falling short of expectations for the month. Most industry forecasts predicted sales would increase 4% or more. But industry experts and executives say the industry remains about as healthy as it's ever been.
Source: Detroit Free Press

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AFSA & NADA Engage with CFPBs Cordray During Recent Forum

For the seventh consecutive year, the American Financial Services Association and the National Automobile Dealers Association co-sponsored an executive forum to discuss legislative, regulatory and operational challenges facing dealers and finance sources. Led by David Paul, chair of AFSA’s Vehicle Finance Division and senior vice president with American Honda Finance Corp., and NADA chairman Jeff Carlson, the organizations highlighted that chief executive officers and other top executives from virtually every major finance company and major bank in the nation engaged in indirect auto financing attended the forum, along with the leaders of the nation’s franchised dealers.
Source: Auto Remarketing

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Carmakers Wait to See if MPG Rules Will Stick

The auto industry is waiting for a new report from federal regulators that will be used to determine whether stringent gas mileage rules requiring them to produce car and truck fleets that average more than 50 miles per gallon by 2025 will stay in place. The new rules, known as Corporate Average Fuel Economy (CAFE) standards, are beginning to take effect with the 2017 model year. They call for ramping up from the current fleet-wide average of about 34 miles per gallon for cars and trucks that were required in 2016 to an eventual goal of about 50 miles per gallon by 2025.
Source: The Detroit News

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VW Says U.S. Diesel Settlement Won't Be Replicated in Europe

Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the diesel emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable.
Source: Automotive News

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Watch Your Wallet Federal Civil Penalties are Going Up!

Thanks to the U.S. Congress, civil penalties assessed by federal agencies are increasing as of August 1, 2016. The U.S. Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the Pipeline and Hazardous Materials Safety Administration (PHMSA), the Bureau of Safety and Environmental Enforcement (BSEE), and the Bureau of Land Management (BLM) have all announced penalty increases that could impact the upstream, midstream and downstream oil and gas sectors.
Source: The National Law Review

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Nissan, Renault See Cost Savings Growing with Mitsubishi in Fold

Alliance still weighing impact of Brexit vote

Nissan Motor Co. and French partner Renault SA are already targeting a 28 percent increase in joint cost savings to 5.5 billion euros ($6.11 billion) by 2018, but a top executive says the impact will be even bigger after bringing Mitsubishi Motors Corp. into the alliance. Arnaud Deboeuf, senior vice president of the Renault-Nissan alliance, said the companies achieved joint savings of 4.3 billion euros ($4.77 billion) in 2015, a year ahead of the 2016 timeline set by Carlos Ghosn, CEO of both companies.
Source: Automotive News

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For Suppliers, Self-Driving Payday Nears

Sensor, software boom expected by 2020

A true driverless car -- one that will give you a look-ma-no-hands experience from door to door -- is not going to liven up dealer showrooms for another decade or two. But for suppliers, the payoff is right now. By 2020, vehicles that can accelerate, brake and steer themselves will generate additional annual sales of $20 billion to $25 billion worth of sensors and software, according to a study released Thursday, June 30, by AlixPartners. AlixPartners based that forecast on market surveys published this year by two consulting firms, Dolcera and IHS Automotive.
Source: Automotive News

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              Quotable
              "The overall market is at an incredibly healthy level. Anything above 17 million feels really good to us. ... We don’t see any reason that there would be any disruption to that."

                  -- Mark LaNeve, vice president of sales and marketing for Ford, commenting on strong U.S. auto sales, Detroit Free Press, July 2

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