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August 4, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Auto Makers, Regulators Spar on Fuel Economy
Automotive News TV: Sparks Fly Over 54.5
NHTSA's Rosekind Supports Regulatory Harmonization
NHTSA to Release Self-Driving Vehicle Guidelines by End of Summer
Toyota Braces for Impact of Stronger Yen, Cuts Profit Forecast
Register for the NADA Convention by Sept. 9 and Save $100
Top Stories
Auto Makers, Regulators Spar on Fuel Economy

Auto makers and environmental regulators are publicly sparring over stringent fuel-economy standards, signaling a pitched battle ahead over whether to relax the Obama administration’s future mileage targets. At an automotive conference on Michigan’s northern shore this week, industry lobbyists seized on a July Environmental Protection Agency report that predicted car companies will sell vehicles averaging roughly 50.8 miles a gallon by 2025, below the 54.5 mpg goal unveiled when standards were set in 2012 and gasoline prices soared to record highs.
Source: The Wall Street Journal


Related article:


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Automotive News TV: Sparks Fly Over 54.5

Low gasoline prices, consumers who prefer light trucks, and pricey fuel-saving technologies aren't derailing the EPA's targeted 54.5 mpg fleet average by 2025. As a result, automakers, dealers and U.S. regulators continue to clash over how to craft future corporate average fuel economy standards. Click here to view the video.
Source: Automotive News TV


Editor's note: Wes Lutz, chairman of NADA's Regulatory Affairs Committee, on Tuesday joined other automotive industry leaders in warning regulators about the significant costs to consumers of implementing overly aggressive fuel economy standards. Speaking at the Center for Automotive Research Management Briefing Seminar in Traverse City, Mich., Lutz explained that new vehicles are already becoming unaffordable for millions of consumers, and he urged regulators to consider that reality before adopting stringent fuel economy mandates that will only add thousands of dollars to prices of all new cars and trucks.

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NHTSA's Rosekind Supports Regulatory Harmonization

NHTSA Administrator Mark Rosekind says the agency wants to work more closely with the EPA and California Air Resources Board to harmonize fuel-economy and tailpipe-emissions rules, a growing bone of contention among automakers weary of answering to three regulatory masters. “We are working at that,” Rosekind tells the CAR Management Briefing Seminars [in Traverse City, Mich.] “It would benefit everybody. We really believe in harmonization.”
Source: WardsAuto


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NHTSA to Release Self-Driving Vehicle Guidelines by End of Summer

NHTSA Administrator Mark Rosekind said Wednesday that early versions of autonomous vehicles have arrived, creating the need for the government to work as fast as possible to develop guidelines for the new technology. The guidelines, which will be drafted in a matter of months, are intended to help set standards for automakers that are rapidly developing and deploying new technology. The National Highway Traffic Safety Administration wants to craft the guidelines now rather than adopting regulations that could take years for approval.
Source: Detroit Free Press

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Toyota Braces for Impact of Stronger Yen, Cuts Profit Forecast

Toyota Motor Corp. flagged its smallest annual profit in four years for 2016/17 as the Japanese automaker braces for the impact from a strengthening yen amid slowing demand for some of its car models in the key North American market. The world's biggest automaker by market value cut its full-year operating profit forecast on Thursday to 1.6 trillion yen ($15.78 billion), expecting it to fall 44 percent from a year ago to its lowest since 2013.
Source: Reuters

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Register for the NADA Convention by Sept. 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. The four-day NADA Convention, which runs from January 26 to 29, includes keynote speakers, dealer franchise meetings, workshops, an exhibitor showcase and numerous networking events. Click here to register.
Source: NADA

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Past Articles
     
    Quotable
    "Fuel efficiency is important, but at a price people can afford."

        -- Wes Lutz, a Michigan car dealer and chairman of NADA's Regulatory Affairs Committee, in remarks during a policy discussion at the Center for Automotive Research Management Briefing Seminars in Traverse City, Mich., Forbes.com, August 2



    "We're going to need some flexibility to make this work in the long term."


        -- Mitch Bainwol, head of the Alliance of Automobile Manufacturers, commenting on meeting future fuel-economy goals, The Wall Street Journal, August 3


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