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Inside this issue
NHTSA Urges Dealers to Share Travel Safety Tips with Consumers
Brexit Will Create Auto Uncertainty, Weaken Sales, But Outcome Far From Clear
What Buyback, Cash Do I get if I bought a VW Diesel After Sept. 18?
NHTSA Launches Probe into 2011-15 Ford Explorer for Possible Exhaust Leak
Carmakers Wait to See if MPG Rules Will Stick
Mazda Issues Takata Airbag Recall After Demand From Chinese Regulators
Quarterly CPO Sales at All-Time High
Top Stories
NHTSA Urges Dealers to Share Travel Safety Tips with Consumers

To improve road safety and help save lives, the National Highway Traffic Safety Administration (NHTSA) is urging NADA members to share travel safety tips with consumers. NHTSA has provided the summer driving safety tips below and a link to interactive summer driving tips for dealership websites and distribution though social media channels to help raise awareness of road safety this summer.

  • Before you go – Perform a basic safety check of your vehicle’s tire pressure, wiper blades, fluid levels, lights and air conditioning. Be prepared in event of an emergency. 
  • Keep children safe – Be aware of the added risks that arise in warm weather. Heatstroke can occur when a child is left unattended in a parked vehicle.
  • Share the road – Wherever you go this summer, remember that more motorists than usual will be on the road.
  • Check for recalls – No matter the season use NHTSA’s VIN Look-up Tool at SaferCar.gov to make sure your vehicle is recall free.

NHTSA’s interactive summer driving tips can be found at www.safercar.gov/SummerDrivingTips.
Source: NHTSA/NADA

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Brexit Will Create Auto Uncertainty, Weaken Sales, But Outcome Far From Clear

While it’s not clear yet exactly how Britain’s Brexit decision will hit the economy in general or the automotive industry in particular, a number of forecasters are weighing in with damage estimates. Fitch Ratings, in a report published Tuesday, is the latest to take a stab at predicting the outcome, and it doesn’t expect the sky to fall. Fitch said Brexit will create uncertainty for several big manufacturers and have a moderate impact on sales and profits in the next couple of years. The trouble for forecasters is that nobody yet knows even how long it will take for Britain to negotiate its exit from the European Union (E.U.), or what terms it might win.
Source: Forbes

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What Buyback, Cash Do I get if I bought a VW Diesel After Sept. 18?

As part of the emission-cheating settlement announced last week, owners of Volkswagen and Audi 2.0-liter TDI diesel cars now have a choice of how to proceed. Owners can sell their cars back to VW or see if VW can deliver on a promise that the cars will be modified to meet emissions standards, once such modifications are approved by U.S. regulators. In either case, owners can also choose whether to take a separate cash payment in exchange for agreeing not to sue Volkswagen. But in the nine months since news of Volkswagen's use of illegal "defeat device" software to cheat on emissions tests broke, many TDI cars have likely changed hands. So what do owners get if they bought their cars after news of the diesel cheating scandal broke?
Source: Green Car Reports

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NHTSA Launches Probe into 2011-15 Ford Explorer for Possible Exhaust Leak

U.S. auto safety officials opened an investigation into possible exposure to carbon monoxide in recent models of the Ford Explorer. The investigation into model year 2011-15 Explorers was opened last Friday by the National Highway Traffic Safety Administration, which said it has identified 154 complaints of "occupants smelling exhaust odors in the occupant compartment," and that some of the vehicle owners "expressed concerns about exposure to carbon monoxide." NHTSA often opens an investigation to determine if there is need for a recall of the vehicles involved. An investigation can lead to a recall but does not always.
Source: Reuters

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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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Mazda Issues Takata Airbag Recall After Demand From Chinese Regulators

Mazda Motor Corp.’s Chinese joint venture will recall 74,310 of its Mazda2 sedans in China to replace Takata Corp. airbags after an investigation by the country’s safety regulator. China’s General Administration of Quality Supervision, Inspection and Quarantine said that Mazda will contact affected vehicle owners through their authorized dealers and replace the air bags without charge, according to a notice on its website. The recall was initiated at the behest of the regulator, which held meetings with several automakers, including Mazda, on recalling Takata-made airbags.
Source: Bloomberg

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Quarterly CPO Sales at All-Time High

The 678,169 certified pre-owned sales in the second quarter represents a best-ever sum, says Autodata Corp. Releasing CPO results on Tuesday afternoon, Autodata said there were 223,560 certified sales in June, which beats year-ago figures by 5 percent. The daily sales rate was 8,598, compared to 8,519 in June 2015. This completes the first half of 2016, in which dealers sold 1.32 million certified vehicles; this beats year-ago figures by 3.8 percent.
Source: Auto Remarketing

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              Quotable
              "If you’re going to meet 2020, you’re making those decisions in the next year. Automakers can get there, but obviously it’s going to cost money."

                  -- Alan Baum, principal of the Baum and Associates automotive research consultancy firm, on the new CAFE standards, The Detroit News, July 5

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