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September 26, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
New NADA Video: Dealership Families in Louisiana Still Need Help After Flooding
Next Administration Could Reshape Regulation
Study: Auto Jobs Would Suffer Under Gas-Mileage Standards
Cadillac Offering Buyouts to 400 Smaller U.S. Dealers
Forecast: U.S. SAAR to Rebound in September
GM, Hyundai Top 2017 Car of Year Semifinalists
Revised Wage/Hour Regulations
Top Stories
New NADA Video: Dealership Families in Louisiana Still Need Help After Flooding

Adopt a Baton Rouge dealership family by donating today at www.nada.org/emergencyrelief.

More than a month after the devastating flooding in Baton Rouge, La., and surrounding communities, hundreds of dealership employees and their families still need financial assistance.

Tara Andrews, Internet sales manager at Robinson Brothers Ford-Lincoln in Baton Rouge, was one of thousands of residents in the flood-ravaged areas of southern Louisiana who had to evacuate her home.



“We had about two and a half to three feet of water in our house, just enough to completely wipe out everything. It took a couple of days for the water to go down,” said Andrews, in a new NADA Video released today. “Once we got back in, that’s when the real work began. We had to gut everything. There’s only so much you can save after you’ve had three feet of water in your house.”

NADA is urging each of its members to donate $1,000 to its Emergency Relief Fund, which provides financial assistance to dealership families affected by natural disasters.

To donate, visit www.nada.org/emergencyrelief or call 703.821.7233. Personal or corporate checks can be mailed 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

Related article:


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Next Administration Could Reshape Regulation

CAFE and autonomous standards at stake in election

[A] routine congressional hearing last week ... spotlighted an important reality: Key pieces of President Barack Obama’s regulatory and policy agenda will soon be handed over to a new administration. And where they go from there could have big implications for the auto industry. At the top of the list are the coordinated fuel economy and greenhouse-gas emission standards administered by the EPA and NHTSA, which aim to boost the new light-vehicle fleet’s average fuel economy to more than 50 mpg by 2025.
Source: Automotive News

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Study: Auto Jobs Would Suffer Under Gas-Mileage Standards

The U.S. manufacturing sector will likely suffer job losses if current vehicle fuel-economy requirements for 2025 are left in place, according to a new auto industry study. The non-partisan Center for Automotive Research concluded that U.S. auto factories and parts operations could slash up to 137,900 jobs through 2025 if the federal government's Corporate Average Fuel Economy (CAFE) standards remain in effect.
Source: USA Today

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Cadillac Offering Buyouts to 400 Smaller U.S. Dealers

Cadillac is offering its 400 smallest U.S. dealers as much as $180,000 if they would rather give up their franchise than make the investment necessary to meet a host of new standards being imposed by the brand. But Cadillac President Johan de Nysschen, while acknowledging that Cadillac has too many dealers relative to its chief rivals, said he is not trying to shed underperforming retailers. He said the transition assistance program announced to dealers today is meant simply as an alternative for those balking at his incentive program known as Project Pinnacle.
Source: Automotive News

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Forecast: U.S. SAAR to Rebound in September

A new WardsAuto forecast calls for U.S. light-vehicle sales to reach 1.42 million deliveries this month, equating to a daily sales rate of 56,897 units (over 25 days) – a 1.1% downturn from same-month year-ago (also 25 days). The projected DSR represents a 1.8% decline from August (26 days), compared with the average 8% August-September decrease over the last three years.
Source: WardsAuto

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GM, Hyundai Top 2017 Car of Year Semifinalists

The NCAA has its Final Four, the NACTOY has its Final Three. The process of picking three nominees for North American Car and Truck/Utility of the Year began this week as the NACTOY jury winnowed the list of 44 eligible 2017 models to 29 “semifinalists” in three categories: car, truck and utility vehicle. For the first time in the 23-year history of the awards, utility vehicles get their own category in recognition of the dominant place that car-based crossovers and SUVs now hold in the marketplace.
Source: The Detroit News


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September 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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Past Articles
       
      Quotable
      "If the value of fuel savings to the new-vehicle buyer falls short of the cost of mandated fuel-economy technologies then U.S. automotive sales, production and manufacturing will fall with serious consequences for the U.S. economy."

          -- Sean McAlinden, Yen Chen, Michael Schultz and David Andrea from the Center for Automotive Research (CAR), commenting on its new study, USA Today, Sept. 23

       
      Sponsored by

      NADA Foundation


      NADA Convention
      NADA Videos

      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





      NADA Testifies at Congressional Hearing on Fuel Economy Rules


      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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