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August 23, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
FTC Issues Warning to Sellers of Certain VW Vehicles
Auto Dealers Seek to Raise $2 Million for Dealership Families Displaced by Flooding in Louisiana
U.S. Rejects Automakers' Request to Extend Fuel Comment Deadline
U.S. Consumers’ Satisfaction with Vehicles Reverses Years of Decline
11 Hotels Sold Out; $100 Registration Discount Ends Sept. 9
Top Stories
FTC Issues Warning to Sellers of Certain VW Vehicles

The Federal Trade Commission (FTC) has asked NADA to provide its members with a business blog that cautions sellers of certain VW and Audi diesel vehicles (including dealers of other brands) not to make false claims regarding the recent proposed consent orders concerning those vehicles that the Volkswagen Group of America has entered into with the FTC, other governmental agencies, and owners and lessees of the vehicles.  Details of the proposed settlements are available at VWCourtSettlement.com.  In order to enhance dealers’ understanding of both the VW buyback program that is part of the proposed settlement and the concerns set forth by the FTC in its business blog, NADA has arranged for the FTC to present information on these topics in a nadauniversityonline webinar that will take place on Thursday, September 8, 2016 from 1 p.m. – 2 p.m. Eastern Time.  Dealers and their representatives may click here to register.
Source: NADA

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Auto Dealers Seek to Raise $2 Million for Dealership Families Displaced by Flooding in Louisiana

Donate today at www.nada.org/emergencyrelief

BATON ROUGE, La. – The National Automobile Dealers Charitable Foundation on Tuesday launched a fundraising campaign that seeks to raise $2 million for dealership families displaced by the recent flooding in southern Louisiana.

 

Peter Welch, NADA president, and Annette Sykora, NADA Foundation chairman, visited flood-damaged dealerships in Baton Rouge to assess the need for financial assistance.

Matt McKay, president and CEO of All Star Automotive Group in Baton Rouge, said more than 400 of his employees have suffered property damage to their homes or vehicles.

“Our priority is to get our employees back to work, provide assistance and get our dealerships up and running,” said McKay, who operates 11 dealerships in the area.


NADA’s leadership visits All Star Automotive Group in Baton Rouge, La., to survey the flood damage. Pictured (l to r): Peter Welch, NADA president; Annette Sykora, NADCF chairman; Joel Oustalet; NADA board member from Louisiana; and Matt McKay, president and CEO of All Star Automotive Group.


Early estimates indicate that more than 1,500 dealership families in Baton Rouge and surrounding areas have been flooded out of their homes and desperately need financial assistance.

“It’s heartbreaking to look around and see so many people who’ve lost everything,” said Will Green, president of the Louisiana Automobile Dealers Association in Baton Rouge. “We're a resilient community but we need help. We need dealers across the state and country to do what they’ve done so many times before and step up and donate funds so we can help these families in need.”

“Funds from NADA Foundation are vital and will help many dealership families rebuild and get their lives back to normal,” Green added.

The Emergency Relief Fund provides dealership families with funds up to $1,500 affected by natural disasters. To apply for assistance or to contribute to the fund, call 703.821.7102 or visit www.nada.org/emergencyrelief. Checks can be made payable to NADCF Emergency Fund, c/o NADCF, 8400 Westpark Drive, MS 7, Tysons, VA 22102.
Source: NADA

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U.S. Rejects Automakers' Request to Extend Fuel Comment Deadline

U.S. regulators on Monday denied a request by major automakers to extend the comment period on environmental analysis to determine whether government fuel efficiency requirements are feasible through 2025. The U.S. Environmental Protection Agency and the National Highway Traffic Safety Administration said in a July report that automakers have the technology to meet aggressive mandates to hike fuel efficiency, but improvements will not be as great as the Obama administration once forecast because buyers are switching to pickup trucks and SUVs. Regulators said comments must be filed by late September.

The U.S. Chamber of Commerce, National Automobile Dealers Association, Association of Global Automakers representing other major automakers, including Honda Motor Co. and Nissan Motor Co., and other groups joined the Auto Alliance in filing a request for an extension. Wade Newton, a spokesman for the Auto Alliance, said Monday the "comment period must be long enough to provide time for the public to fully understand the information that it has taken the agencies years to assimilate."
Source: Reuters

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U.S. Consumers’ Satisfaction with Vehicles Reverses Years of Decline

After three years of decline, U.S. customer satisfaction with vehicles is up in 2016, a survey released today shows. Customer satisfaction with vehicles was up 3.8 percent to a score of 82, on a scale of 100, according to the American Customer Satisfaction Index.
Source: Automotive News

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2017 NADA Convention & Expo
11 Hotels Sold Out; $100 Registration Discount Ends Sept. 9

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

NADA members and managers who register for the 2017 NADA Convention and Expo in New Orleans 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
      “It’s heartbreaking to look around and see so many people who’ve lost everything. We're a resilient community but we need help. We need dealers across the state and country to do what they’ve done so many times before and step up and donate funds so we can help these families in need.”

           -- Will Green, president of the Louisiana Automobile Dealers Association, commenting on the devastation caused by the flooding in Baton Rouge and surrounding communities, NADA Headlines, August 23

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