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September 6, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
New Video: NADA Foundationís Annette Sykora Urges Dealers to Donate to Louisiana Relief Fund
Louisiana Flood Toll Tops 100,000 Vehicles
FTC Issues Warning to Sellers of Certain VW Vehicles
NADA Convention Registration Discount Ends Friday, Sept. 9
General Motors Settles Last Bellwether Ignition-Switch Cases
5 Things We Can Learn from August Auto Sales
Car Makers Scrutinized on Self-Driving Claims
Study: More Cars Will Get Automatic Software Updates
Hyundai's Genesis Luxury Brand Set to Open First Dedicated Showroom
Volkswagen Takes $256 Million Navistar Stake in Trucks Push
Special Issue to Mark NADA Centennial
Top Stories
New Video: NADA Foundationís Annette Sykora Urges Dealers to Donate to Louisiana Relief Fund

Adopt a Baton Rouge dealership family at nada.org/emergencyrelief.

Annette Sykora, chairman of the National Automobile Dealers Charitable Foundation, is urging dealers across the country to donate $1,000 each to support dealership families affected by the recent flooding in Baton Rouge, La., and surrounding communities.

Sykora appeared in a new NADA video with Joel Oustalet, a NADA board member who represents Louisiana. The video was shot on location in Baton Rouge where they toured dealerships and visited families whose homes were devastated in the recent flooding.



“We’ve been hearing the stories about the dealership employees who have been affected by the recent floods and the losses they’ve experienced to their homes and vehicles,” said Sykora, who served as NADA chairman in 2008. “We want to help them out.”

Nearly 1,500 families with household members working at car dealerships were among the 100,000-plus families across the Baton Rouge area impacted by the floods, Automotive News reported.

“Dealership employees have suffered devastation to their homes and workplace,” said Oustalet. “As an extended family, it’s important for all of us as dealers that we look at our employees’ needs first.”

To donate, visit www.nada.org/emergencyrelief or call 703.821.7233. Send personal or corporate checks to NADCF Emergency Fund, c/o NADCF, 8400 Westpark Drive, MS 7, Tysons, VA 22102. (Donations to the NADA Foundation are generally tax-deductible; contributors should consult their tax advisors for details.)
Source: NADA Foundation

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Louisiana Flood Toll Tops 100,000 Vehicles

The historic floods that battered Louisiana last month damaged an estimated 100,000 insured vehicles. The National Insurance Crime Bureau said the number of uninsured vehicles damaged by flooding may be even more than those that are insured because owners may have chosen to drop coverage of aging vehicles. At least 1,500 families with household members working at dealerships were among the 100,000-plus families across the Baton Rouge area impacted by the floods. The Baton Rouge and Lafayette areas were among the hardest hit.

The National Automobile Dealers Charitable Foundation Emergency Relief Fund is distributing checks of up to $1,500 directly to affected employees. And the National Automobile Dealers Association aims to raise $2 million more from members for the fund. It is likely to be the second-biggest disaster relief effort staged by the fund after Hurricane Katrina.
Source: Automotive News

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Sept. 8 Webinar on VW Buyback Program Claims
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 an NADA University Online webinar that will take place on Thursday, Sept. 8, 2016 from 1 p.m. – 2 p.m. ET.  Dealers and their representatives can click here to register.
Source: NADA

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2017 NADA Convention & Expo
NADA Convention Registration Discount Ends Friday, 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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General Motors Settles Last Bellwether Ignition-Switch Cases

General Motors Co. said on Monday it settled the last two so-called bellwether cases stemming from a faulty ignition switch linked to 124 deaths and 275 injuries. The settlement came on the eve of what would have been the fourth in a series of test trials intended to help GM and plaintiffs define settlement options in 234 injury and death lawsuits consolidated in Manhattan federal court.
Source: Reuters

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5 Things We Can Learn from August Auto Sales

Here are five conclusions to be drawn from automakers' August sales reports:

(1) Passenger cars may not be fashionable, but they are probably the most affordable vehicles you can find.
(2) Volkswagen has not shed the albatross of its diesel emissions scandal.
(3) It's too early to know if our love of pickup trucks is cooling.
(4) Sales are not falling off a cliff, but a rising tide no longer lifts all boats.
(5) Probability is rising that the Federal Reserve Bank will raise interest rates later this month.
Source: Detroit Free Press

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Car Makers Scrutinized on Self-Driving Claims

Auto makers developing automated-driving features are confronting concerns they are giving short shrift to the technologies’ limitations and leaving customers with a false sense of security. Since the Tesla crash, U.S. lawmakers, safety advocates and others have begun homing in on how car companies describe their autonomous-driving systems.
Source: The Wall Street Journal

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Study: More Cars Will Get Automatic Software Updates

Like a new smartphone, your car may soon get regular software updates to fix problems, improve performance and add new features. More automakers are likely to follow in the footsteps of Tesla Motors in offering over-the-air updates. By 2022, more than 200 million vehicles around the world will be able to get over-the-air software updates according to ABI Research, a company that studies technology trends.
Source: Detroit Free Press

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Hyundai's Genesis Luxury Brand Set to Open First Dedicated Showroom

Genesis, the Hyundai Motor Group’s fledgling luxury brand, will open its first dedicated showroom this week -- just outside the South Korean capital of Seoul. The Genesis Studio, set in a newly constructed culture and shopping complex in the eastern suburb of Hanam, aims to raise the profile of the upstart premium marque. Genesis plans to open more dedicated studio spaces in other locales and in other countries, but the company hasn’t decided details yet, a spokeswoman said.
Source: Automotive News

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Volkswagen Takes $256 Million Navistar Stake in Trucks Push

Volkswagen has agreed a wide-ranging technology and purchasing deal with U.S. truck maker Navistar in exchange for a 16.6 percent stake, an alliance forged in part by the need to meet stringent emissions regulations. The deal should help both sides cut costs, give Volkswagen's trucks business a long-desired foothold in North America, and provide a source of new engines for Navistar, which has been looking for a partner since 2010 when it failed to get approval from U.S. regulators for its heavy-duty diesel truck engine.
Source: Reuters

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Special Issue to Mark NADA Centennial

In a column for Automotive News' Jan. 23 special issue celebrating the National Automobile Dealers Association's centennial, former NADA President Phil Brady recalls some of the challenges that arose after the Sept. 11 terrorist attacks. NADA members contributed more than $1.6 million to a Survivors Relief Fund for the attacks' victims. For Brady's full column, and more, watch for the NADA 100 special issue in January. For information about the centennial issue, go to autonews.com/nada100.
Source: Automotive News

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Past Articles
       
      Quotable
      "More than 6,000 businesses flooded, with more than $2.2 billion in damages to buildings, equipment and inventory."

          -- Louisiana Gov. John Bel Edwards, commenting on the state's more than $8.7 billion in damage from catastrophic flooding in August, Associated Press, September 3

       
      Sponsored by

      NADA Foundation


      NADA Convention
      NADA Videos

      Dealership Employee Jeramiah Baker Recounts Devastating Flood Damage in Baton Rouge


      Donate Today. Help Dealership Families Impacted by Louisiana Flooding


      NADA100 Video: Don Wassel Works in Auto Retailing for 53 Years


      Introducing NADA Academy Plus
      NADA Webinars
      Sept. 8: FTC Issues Warning to Sellers of Certain VW Vehicles

      All webinars are held at 1 p.m. ET unless otherwise noted.

      NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.

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