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August 9, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Dealer: Rising CAFE Squeezes Customers
Dealer Groups Cry Foul Over Cadillac's New Retail Plan
German Court to Speed Up VW Investor Lawsuits
Karma to Sell Its Luxury Plug-in Hybrid Car through Eight U.S. Dealerships
Mercedes to Take on BMW's i with New Electric Car Sub Brand
Register for NADA Convention by Sept. 9 and Save $100; Top Hotels Selling Out
Top Stories
Dealer: Rising CAFE Squeezes Customers

Regulators can impose stricter mandates and manufacturers can stretch to meet them, but it will mean little if showroom customers can't afford the advances in fuel economy. That was the message to industry executives last week at the Center for Automotive Research's Management Briefing Seminars [in Traverse City, Mich.] from Wes Lutz, owner of Extreme Chrysler-Dodge-Jeep-Ram in Jackson, Mich., who is the regulatory affairs chairman of the National Automobile Dealers Association. Lutz said many American consumers are stretched too thin to afford new vehicles.
Source: Automotive News

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Dealer Groups Cry Foul Over Cadillac's New Retail Plan

Groups representing several Cadillac dealers are urging General Motors Co. to rethink a new retail strategy for the luxury brand, saying the plan is an attempt to steer around dealer franchise laws that have long prevented auto makers from closing dealerships. In a letter signed by dealer associations from seven states, Cadillac President Johan de Nysschen was accused of creating a program that they consider “is the most serious attack on their survival they have seen." Mr. de Nysschen has been in the process of rolling out “Project Pinnacle,” which aims to classify dealers into five groups and limit the inventory or showroom space that the smallest dealers need.
Source: The Wall Street Journal

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German Court to Speed Up VW Investor Lawsuits

A German court will adopt a rarely used class-action style procedure to more efficiently process claims by investors seeking damages from Volkswagen over a diesel emissions cheating scandal, according to a ruling. The regional court in Braunschweig near Volkswagen's Wolfsburg headquarters said on Monday it will pick one case to act as a model to help resolve as many as 170 other damages claims, the closest thing Germany has to class-action lawsuits common in the United States.
Source: Reuters

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Karma to Sell Its Luxury Plug-in Hybrid Car through Eight U.S. Dealerships

Karma Automotive said Monday it will start selling its luxury plug-in hybrid car this year at eight U.S. and two Canadian auto dealerships, including one in Pasadena. Called the Revero, the four-door sedan runs on gasoline and electricity and is expected to cost $100,000 or more. It’s a would-be rival to the premium electric cars produced by Tesla Motors Inc. Karma said it signed agreements with independent dealers in Pasadena, Atlanta, Chicago, Fort Worth, Miami, Philadelphia, Detroit and West Palm Beach, Fla., along with dealers in Montreal and Toronto.
Source: Los Angeles Times

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Mercedes to Take on BMW's i with New Electric Car Sub Brand

In order to better compete with brands like Tesla, Porsche and BMW's i division, Mercedes-Benz dealers will soon have a dedicated electric car brand to offer consumers. Mercedes may unveil a new electric car at the Paris Motor Show this fall. The automaker could use that venue to take the wraps off of an entirely new subbrand, which would make four consumer-oriented car divisions—which currently include its Mercedes-Benz flagship, the AMG performance group, and Smart.
Source: The Car Connection

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Register for NADA Convention by Sept. 9 and Save $100; Top Hotels Selling Out

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 Expo and numerous networking events. Click here to register.
Source: NADA

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Past Articles
       
      Quotable
      "Technology isn't what drives the auto industry, and neither is regulation. What drives the auto industry is the consumer.... There's a very real danger of pricing millions of Americans out of the new-car market."

          -- Wes Lutz, owner of Extreme Chrysler-Dodge-Jeep-Ram in Jackson, Mich., and NADA regulatory affairs chairman, who spoke at a panel discussion on fuel economy last week, Automotive News, August 8

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