View Web Version

SPONSORED BY
NADA.org
August 1, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
FCA Dealers Getting Subpoenas Related to Sales Probe
Carmakers, Environmentalists Gear Up for MPG Fight
U.S. Extends Oversight of Fiat Chrysler Safety Practices by a Year
Many U.S. Car Owners Are Ignoring Recalls
Nissan Chases U.S. Sales Gains as Discounts Lift It Beyond Honda
Register for the NADA Convention by September 9 and Save $100
Top Stories
FCA Dealers Getting Subpoenas Related to Sales Probe

FCA confirmed on July 19 that it is under investigation by the SEC for the way it reports sales and said it has received similar inquiries from the U.S. Justice Department.

Some of Fiat Chrysler Automobiles' U.S. dealers are getting subpoenas from the federal government related to an investigation into how the automaker reports monthly sales, the Free Press has learned. The document requests that come with the subpoenas are extensive and cover several years. "I have some clients that have received them," said Leonard Bellavia, senior partner with Bellavia, Blatt and Crossett in New York — a firm that specializes in representing auto dealers. "The document requests that they have received will keep them busy for months. It's unnecessary."
Source: Detroit Free Press

[back to top]

Carmakers, Environmentalists Gear Up for MPG Fight

A projection from federal regulators that U.S. automakers probably will miss the 54.5 miles-per-gallon fleetwide average for 2025 is likely to touch off an intense lobbying fight between automakers and environmentalists. Automakers have seized upon the projection, which stated they may only be able to achieve a fleet-wide average of between 50 and 52.6 mpg by the deadline that was set by the Obama administration in 2012. They argue that federal regulators should consider scaling back the stringent mileage rules when they come up for a mid-term review in 2018. They say the lowered mileage projections reflect the fact that customers prefer larger vehicles like SUVs and trucks.
Source: The Detroit News

[back to top]

U.S. Extends Oversight of Fiat Chrysler Safety Practices by a Year

U.S. auto safety regulators said on Friday they were extending oversight of Fiat Chrysler Automobiles NV for an additional year, requiring the Italian-American automaker to submit to monthly meetings and early disclosures of potential vehicle issues. In July 2015, Fiat Chrysler agreed to a $105 million settlement with the U.S. National Highway Traffic Safety Administration for mishandling nearly two dozen recall campaigns covering 11 million vehicles. It also agreed to monitoring by former U.S. Transportation Secretary Rodney Slater.
Source: Reuters

[back to top]

Many U.S. Car Owners Are Ignoring Recalls

In this age of all-pervasive media it’s difficult to fathom that there are still millions of people out there who obviously tune it all out, or at least enough of it on a selective basis, as to ignore urgent issues. No, we’re not talking about boneheaded blowhard political posters on social media, but rather the overwhelming number of Americans who are putting themselves and their families at risk by blowing off their cars’ safety-related recalls.
Source: Forbes.com

[back to top]

Nissan Chases U.S. Sales Gains as Discounts Lift It Beyond Honda

Nissan Motor Co. is growing faster in the U.S. than any mass-market carmaker and edged past rival Honda Motor Co. in this year’s first half. That might not be a good thing for Nissan’s bottom line. Chief Executive Officer Carlos Ghosn wants Nissan to pass Honda and get 10 percent of the North American market. Yet Nissan’s growth this year has been helped by more generous incentives to customers and by selling more low-margin vehicles to rental fleets, which have risen faster than any other automaker’s.
Source: Bloomberg


[back to top]

Register for the NADA Convention by September 9 and Save $100

The discounted registration rate for NADA members and managers includes admission to NADA 100 Carnival.

Online registration and hotel selection for the 2017 NADA Convention and Expo in New Orleans is now open. NADA members and their managers who register by September 9 will receive a $100 discount.



NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival in New Orleans. The exclusive event for NADA members, international affiliates and guests will be held at Mardi Gras World on Thursday, January 26. The Carnival will feature cuisine from top New Orleans restaurants, as well as musical entertainment from Foreigner, Cowboy Mouth and jazz favorites. The NADA member and manager registration fee includes admission to the NADA 100 Carnival.

Convention speakers include comedian Jim Gaffigan, NADA Chairman Jeff Carlson, inspirational speaker Amy Purdy and NADA Vice Chairman Mark Scarpelli. A fifth speaker will be announced in the coming weeks. The four-day NADA Convention, which runs from January 26 to 29, includes dealer franchise meetings, workshops, an exhibitor showcase and numerous networking events. Click here to register.
Source: NADA

Related articles:


[back to top]

Past Articles
 
Quotable

"Adding technology and regulatory costs that lock buyers out of new cars is counterproductive. It also risks manufacturing jobs in the Midwest and the South."

    -- Wade Newton, director of communications at the Washington, D.C.-based Alliance of Automobile Manufacturers, commenting on projected mileage rules, The Detroit News, July 29 

Sponsored by

NADA Convention


NADA Chairman's Column
YES! State Franchise Laws Lower Prices and Benefit Consumers
Videos

Introducing NADA Academy Plus
NADA Webinars
NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.
AutoConference LA

Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .