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September 20, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Americaís New-Car Dealers Convene in Nationís Capital
White House Issues New Policy on Automated Vehicles
Self-Driving Cars Must Meet 15 Benchmarks in U.S. Guidance
Sept. 28 Webinar: Revised Wage/Hour Regulations
Chevy Bolt EV to be Priced at $37,495 Before Tax Credit, GM Says
Top Stories
Americaís New-Car Dealers Convene in Nationís Capital

NADA urges dealers to contact their Democratic senators to support S. 2663.

WASHINGTON – Nearly 500 new-car dealers and dealer association executives from across the country traveled to Capitol Hill this week for NADA’s annual Washington Conference.

The two-day conference includes legislative briefings, congressional speakers and meetings with members of Congress to discuss NADA’s key policy issues, which include protecting consumer choice in auto financing.

Doug Knust

"NADA has been fighting to preserve a dealer’s ability to make credit more accessible and affordable for consumers,” said Doug Knust, chairman of NADA’s Legislative Affairs Committee, in remarks today at NADA’s 42nd annual Washington Conference. “The CFPB is getting in the way of that.”

Knust, a new-car dealer in South Dakota, commended the conference attendees for their grassroots support of H.R. 1737, which passed with a veto-proof majority vote last year.

“And this year, we strongly support S. 2663—the companion bill,” he added. “Both bills aim to cancel the CFPB’s guidance, and would require an open and transparent process before the CFPB issues new auto finance guidance in the future. This year it is especially important for dealers to contact and meet with Democratic senators on S. 2663.” (See attached target list.)

NADA’s key goals at this year’s conference, include:

  • Obtaining bipartisan support to pass S. 2663, a NADA-backed CFPB auto finance guidance reform bill in the Senate by the end of the year (and thank House members who voted “yes” on its House companion bill, H.R. 1737);
  • Ensuring overbroad vehicle recalls bills are defeated (S. 900/H.R. 1181); and
  • Informing members of Congress on NADA's tax reform priorities, such as preserving LIFO and maintaining advertising deductibility, in anticipation of a comprehensive tax reform bill next year.

For more information on NADA's legislative priorities, visit www.nada.org/legislativeaffairs or contact 202.547.5500 or legislative@nada.org.
Source: NADA

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White House Issues New Policy on Automated Vehicles

Last night the White House announced a new Federal Automated Vehicle Policy designed to encourage the safe and responsible deployment of automated vehicles. (See fact sheet.) Among other things, the new Policy focuses heavily on the value of promoting national uniformity at the state level, the need to ensure the safety of autonomous systems, and the importance of cybersecurity and privacy issues.
 
NADA has generally supported efforts in these areas and will continue to monitor implementation of the policy along with related efforts being considered by AAMVA and others. Questions on the Federal Automated Vehicle Policy can be directed to regulatoryaffairs@nada.org.   
Source: White House

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Self-Driving Cars Must Meet 15 Benchmarks in U.S. Guidance

The Obama administration’s proposed guidelines for self-driving cars, to be formally unveiled Tuesday, include 15 benchmarks automakers will need to meet before their autonomous vehicles can hit the road. The automakers will have to show how their virtual drivers will function, what happens if they fail and how they’ve been tested, according to a preview by the U.S. Transportation Department. Companies developing the cars -- such as Tesla Motors Inc., General Motors Co. and Google parent Alphabet Inc. -- must make vehicle performance assessments public so regulators and other companies can evaluate them. “It’s in their vested interest to be as up front and transparent as possible,” Transportation Secretary Anthony Foxx said Monday on a call with reporters. “There’s market risk in putting a product out there that doesn’t meet the expectations of the public.”
Source: Bloomberg

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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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Chevy Bolt EV to be Priced at $37,495 Before Tax Credit, GM Says

The Chevrolet Bolt electric vehicle will have a starting price of $37,495, including shipping, making it $29,995 after a federal tax credit available to many buyers, General Motors said today. “Value is a hallmark for Chevrolet and the pricing of the Bolt EV proves we’re serious about delivering the first affordable EV with plenty of range for our customers,” Alan Batey, the president of GM North America, said in a statement.
Source: Automotive News

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Past Articles
       
      Quotable
      "NADA has been fighting to preserve a dealer’s ability to make credit more accessible and affordable for consumers."

          -- Doug Knust, chairman of NADA’s Legislative Affairs Committee, in remarks today at NADA’s 42nd annual Washington Conference, NADA Headlines, Sept. 20

       
      Sponsored by

      NADA Foundation


      NADA Convention
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      NADA Foundation's Annette Sykora Urges Dealers to Donate to Louisiana Relief Fund



      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


      Introducing NADA Academy Plus
      NADA Webinars
      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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      NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.