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October 14, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA to Unveil New Study, ‘The Dealership of Tomorrow,’ at AutoConference LA
Oct. 20 Webinar: Proposed IRS Regulations Seek to Limit Valuation Discounts
Obama: The Feds Must Guarantee Self-Driving Cars Work for Everybody
Honda Expands SUV Production in U.S.
Toyota to Hire 1,000 More Employees at New U.S. Headquarters in Texas
BMW Sees Radical Transition in Auto Industry
New on NADA University Online: A Dealer Guide to Staffed Events
Top Stories
NADA to Unveil New Study, ‘The Dealership of Tomorrow,’ at AutoConference LA

The study looks at what new-car dealerships might look like in the future – from build-to-order cars and autonomous vehicles to consolidation of ownership and shifts in store operations.

A new NADA study, The Dealership of Tomorrow, will be presented by auto industry consultant Glenn Mercer at AutoConference LA on Tuesday, Nov. 15, 2016. Mercer will provide a perspective on what new-car dealerships might look like in 2025. The study examines a wide range of topics and trends affecting the evolution of new-car dealerships, from changes in how they are owned to changes in how they are run, and whether the rise of autonomous vehicles, electric cars and mobility services will impact their business model.  Other special topics will also be addressed, such as the particular situation of rural dealerships, and what insights U.S. dealers can take from the experience of their counterparts in China and Europe.

Mercer is among several speakers and panelists slated for the half-day conference, which is hosted by NADA and J.D. Power, and held ahead of press days at the Los Angeles Auto Show. Click here for the full agenda and to register.
Source: NADA

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Upcoming Webinar
Oct. 20 Webinar: Proposed IRS Regulations Seek to Limit Valuation Discounts

The IRS in August 2016 issued proposed regulations under IRC section 2704 that are intended to disallow or significantly curtail many valuation discounts used in estate planning.  

As part of the NADA/ATD Webinar Series, Marvin Hills and Stuart McCallum from Crowe Horwath, LLP, will present the 60-minute webinar, "Proposed IRS Regulations Seek to Limit Valuation Discounts," at 1 p.m. ET on Thursday, Oct. 20, 2016.  

They will discuss the impact of the new regulations on valuation reports and on intra-family transfers of dealership stock, as well as explore actions to consider (with assistance from legal advisors) to take full advantage of discounts available under the current law and estate planning strategies available after the regulations take effect. Click here to register.
Source: NADA

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Obama: The Feds Must Guarantee Self-Driving Cars Work for Everybody

President Obama hasn’t spent much time behind the wheel lately, and he expects more Americans to enjoy the same privilege before long. As autonomous vehicles make their way into society, he says, the federal government must ensure everyone shares in the benefits of this emerging technology. “The technology is essentially here,” Obama, the guest editor of WIRED’s November issue, says in a lengthy interview with Editor-in-Chief Scott Dadich and Joi Ito, director of MIT’s Media Lab.
Source: Wired

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Honda Expands SUV Production in U.S.

Honda Motor Co. is expanding capacity for the new generation of its CR-V sport utility vehicle, shifting production to the United States from Mexico in a move that will intensify competition in one of the U.S. auto industry's hottest segments. Honda executives unveiled the re-engineered 2017 CR-V Wednesday at Detroit's Eastern Market. They said the company plans to expand overall output of the vehicles in North America by building CR-Vs at factories in Alliston, Ontario, East Liberty, Ohio and for the first time at a plant in Greensburg, Indiana.
Source: Reuters

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Toyota to Hire 1,000 More Employees at New U.S. Headquarters in Texas

Toyota Motor Corp. on Thursday said it will hire 1,000 additional staff for its new U.S. base under construction in a Dallas suburb. Toyota's new 100-acre (40.5-hectare) headquarters campus in Plano, Texas is set to open in mid-2017, and will employ about 4,000, including the new hires, Toyota said. “We will be hiring more than 1,000 new team members across numerous functions, and our hope is that they will help us in Toyota’s mission to address mobility challenges for everyone, now and in the future," said Jim Lentz, Toyota's North America chief executive.
Source: Reuters


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BMW Sees Radical Transition in Auto Industry

As it looks out to its future, BMW Group is tossing off buzzwords like "mobility" and "connectivity" that are ricocheting around the auto industry. But looking deeper, saying that it wants to imagine the company a century from now, BMW's leaders are focused on robotic cars, electric power, new and recycled materials replacing steel and radically new manufacturing techniques, including those that would enhance its manufacturing footprint in the U.S., where the factory in Spartanburg, S.C., is on its way to becoming the company's largest.
Source: USA Today

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New on NADA University Online: A Dealer Guide to Staffed Events

When dealerships establish a partnership with a staffed events company, the results can be increased sales and profitability, with dealership and event staff sharing in the credit. A Dealer Guide to Staffed Events, now on NADA University Online, discusses these benefits, how to choose a vendor, and what to watch out for when planning staffed events. To access A Dealer Guide to Staffed Events, log on to NADA University Online at http://universityonline.nada.org. Then, search on SL45.
Source: NADA University Online

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Past Articles
       
      Quotable
      "Vehicles will become intelligent. We don't want this technology to take away anything from the driver."

          -- Adrian van Hooydonk, BMW Group's chief designer, commenting on future mobility, USA Today, Oct. 12

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      Introducing NADA Academy Plus

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      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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