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September 19, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA President Peter Welch: Competition Among Car Dealers Benefits Car Buyers
GM Seeks to Delay Takata Air Bag Recall of 1M Trucks
The Self-Driving Revolution Will Be Mostly Electric
Sept. 28 Webinar: Revised Wage/Hour Regulations
Social Media Use Rises Among Car Shoppers, But Not Overly Influential
Top Stories
NADA President Peter Welch: Competition Among Car Dealers Benefits Car Buyers
By Peter Welch

The Sept. 11 front-page article “For car buyers, an end to the days of dickering?” ignored the one fact that tells the story accurately: Americans like being able to save money on new-car purchases — an average of $500 — by letting multiple independent dealers compete for their business. Most credible, quantitative surveys — including from J.D. Power and Car and Driver — of actual dealership customers find a very high level of consumer satisfaction with the dealership experience. And for good reason: The American franchise system for auto retailing promotes intense competition among dealers, and the primary winners are consumers.

The real story about direct sales isn’t about profitability or even product; it’s about the attempt to be exempted from determinations — made by all 50 state legislatures, conservative and liberal alike — that consumers deserve to benefit from having multiple same-brand dealers compete for their business. Thankfully for consumers, their local elected officials continue to believe that preserving this intra-brand competition is important.
Source: The Washington Post

Peter Welch is president of the National Automobile Dealers Association in Tysons, Va.

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GM Seeks to Delay Takata Air Bag Recall of 1M Trucks

General Motors Co. is seeking a one-year delay from federal regulators of a planned recall of 980,000 vehicles with Takata air bag infiltrators. In a Sept. 2 petition filed to the National Highway Traffic Safety Administration that was made available Friday, the Detroit-based automaker said the request will let the company and a third-party research firm complete a long-term study to better understand the service life expectancy of the parts. GM expects the study to be completed in August 2017.
Source: The Detroit News

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The Self-Driving Revolution Will Be Mostly Electric

As our urban transportation landscape becomes automated over the next decade, it could spark an electric car revolution that for some has been overdue. Spend enough time around these early self-driving vehicles and you notice that nearly all are hybrids or pure EVs — Ford's automated Fusion, the similarly equipped Fusion hybrids that Uber is deploying in Pittsburgh, the Google cars bopping around the peninsula of northern California, the Chevrolet Bolts being tested in San Francisco and suburban Phoenix. Today, hybrids, plug-ins and pure electrics are a marginal piece of the U.S. market, accounting for a scant 2.8% of all new vehicles sold in the U.S. through the first eight months of 2016, according to hybridcars.com.
Source: Detroit Free Press

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Sept. 28 Webinar: Revised Wage/Hour Regulations

NADA Regulatory Affairs -- from 1 p.m. to 2 p.m. ET on Wednesday, Sept. 28 -- will present the webinar, "New Wage/Hour Regulations, Issues and Concerns for Dealerships." Presenters will focus on dealership-specific compliance issues involving the U.S. Department of Labor's recently revised "white collar" overtime exemption rules. The webinar will reference NADA's newly released Dealer Guide to Federal Wage and Hour, Child Labor and Wage Discrimination Compliance. The webinar is free for NADA members. Dealers and their staff can click here to register. For more information, contact NADA Regulatory Affairs at regulatoryaffairs@nada.org.           
Source: NADA

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Social Media Use Rises Among Car Shoppers, But Not Overly Influential

More car shoppers are using social media during their search, but a small number find the information there to be particularly influential. According to J.D. Power’s 2016 New Autoshopper Study, 22 percent of internet car shoppers use a social media site as a source during their search. That’s up from 16 percent in 2015.
Source: Auto Remarketing

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Past Articles
       
      Quotable
      "The American franchise system for auto retailing promotes intense competition among dealers, and the primary winners are consumers."

          -- NADA President Peter Welch, in a letter to the editor of the Washington Post, Sept. 16



      "One of the biggest changes will be in the growing difference in cost of ownership between electrified and internal combustion engines."

          -- Ford CEO Mark Fields, commenting on the company's pledge to spend $4.5 billion on 13 new electric vehicle nameplates by 2020, Detroit Free Press, Sept. 18

       
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      Dealership Employee Jeramiah Baker Recounts Devastating Flood Damage in Baton Rouge


      NADA President Peter Welch Calls on Dealers to Support Families Affected by Louisiana Flooding



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


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      Sept. 28: Revised Wage/Hour Regulations

      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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