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Inside this issue
NADA and J.D. Power to Assess New and Used Vehicle Markets via Conference Call on Nov. 15
CEOs from Mercedes, Hyundai and VW to Headline NADA Conference in Los Angeles on Nov. 15
2016 Congressional Election Summary
Fiat Chrysler, GM Soar as Trump May Weaken Fuel-Economy Rule
Ride-Sharing Millennials Found to Crave Car Ownership After All
FTC Offers Advice on How to Avoid and Respond to Ransomware Attacks
Study: Buyers Happier When Helped with Auto Tech
SUVs in All Shapes and Sizes to Dominate LA Auto Show
Top Stories
NADA and J.D. Power to Assess New and Used Vehicle Markets via Conference Call on Nov. 15

NADA to issue new vehicle sales forecast for 2017.

At a press briefing ahead of the Los Angeles Auto Show on Tuesday, Nov. 15, Steven Szakaly, NADA chief economist, will issue a sales forecast for new cars and light trucks for 2017, and provide an economic outlook and identify the key economic factors that will shape auto retailing next year. He will also provide a year-in-review for 2016.

Call-in Time:  11:30 a.m. ET / 8:30 a.m. PT

Jonathan Banks, vice president of vehicle analysis and analytics for J.D. Power, will discuss both new- and used-vehicle market trends and the key economic conditions affecting auto retailing, as well as how the used-vehicle market is performing in the fourth quarter of 2016, and how leasing and gasoline prices are affecting the industry.

A Q&A session with members of the media and industry will follow the briefing. To register, visit www.nada.org/forecast2017. Registrants will receive a call-in number and conference ID.
Source: NADA

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CEOs from Mercedes, Hyundai and VW to Headline NADA Conference in Los Angeles on Nov. 15

The focus of the automotive industry shifts to Los Angeles when NADA and J.D. Power kick off week-long auto show events beginning with AutoConference LA on Tuesday, November 15. The half-day conference, held at The L.A. Hotel Downtown, includes industry speakers and panelists Dietmar Exler, president and CEO of Mercedes-Benz USA; Hinrich Woebcken, CEO of Volkswagen’s North American operations; and David Zuchowski, president and CEO of Hyundai Motor America, and many others. Held in conjunction with Los Angeles auto show, Auto Conference LA opens with registration at 11 a.m. and concludes with a networking reception at 5 p.m. For the complete agenda or to register, visit www.autoconferencela.com. Seating is limited.
Source: NADA

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2016 Congressional Election Summary

In the current 114th Congress, the Senate makeup is 54 Republicans, 44 Democrats, and 2 Independents. The expected makeup for the 115th Congress, which begins January 3, is a Senate Republican majority holding 52 seats (if they win a December 10 runoff election in Louisiana, as expected). Democrats will hold 48 seats (including 2 Independents who caucus with Democrats). Republicans won most of the tossup races, in Florida (Marco Rubio), Indiana (Todd Young), Missouri (Roy Blunt), North Carolina (Richard Burr), Pennsylvania (Pat Toomey) and Wisconsin (Ron Johnson). Democrats retained a contested open seat to replace Minority Leader Harry Reid in Nevada (Catherine Cortez Masto) and defeated Republican Senators Mark Kirk in Illinois and Kelly Ayotte in New Hampshire.
 
The current House makeup in the 114th Congress is 246 Republicans, 186 Democrats, and 3 vacancies (1R, 2D). In the 115th Congress, House Republicans easily retained their majority, with Democrats only netting 6 seats. Democrats picked up nine seats: FL-7 (Stephanie Murphy), FL-10 (Val Demings), FL-13 (Charlie Crist), IL-10 (Brad Schneider), NH-1 (Carol Shea-Porter), NJ-5 (Josh Gottheimer), NV-3 (Jacky Rosen), NV-4 (Ruben Kihuen), VA-4 (Don McEachin) and 3 Republican pickups FL-2 (Neal Dunn), FL-18 (Brian Mast), and NE-2 (Don Bacon).

If Republicans win two Louisiana runoff races in which they are favored, they will have 241 seats in the 115th Congress, while Democrats will have 194. Only 12 seats changed partisan hands, including several that were foregone conclusions because of mid-cycle redistricting.
Source: NADA Legislative Affairs

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Fiat Chrysler, GM Soar as Trump May Weaken Fuel-Economy Rule

Fiat Chrysler Automobiles NV gained the most in two years and General Motors Co. the most in a year after President-elect Donald Trump selected a prominent critic of global warming to lead his Environmental Protection Agency transition team. The EPA is scheduled next year to evaluate President Barack Obama’s ambitious fuel-economy regulations that were originally intended to double the efficiency of the nation’s light-vehicle fleet to 54.5 miles per gallon of gasoline by 2025. Myron Ebell, a director at the Washington-based Competitive Enterprise Institute and climate-change skeptic, is leading the agency’s transition to the Trump administration.
Source: Bloomberg

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Ride-Sharing Millennials Found to Crave Car Ownership After All

It turns out that young people love cars and would rather own one than rely on ride-sharing services from the likes of Uber Technologies Inc. and Lyft Inc. Millennials, people who were born from 1980 to 2004, are more captivated by cars than their parents and still want the freedom of owning one, according to a new study from San Diego consulting firm Strategic Vision Inc. That contradicts predictions in recent years that auto sales would suffer as Millennials, also known as Generation Y, took Uber instead of buying their own vehicles.
Source: Bloomberg

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FTC Offers Advice on How to Avoid and Respond to Ransomware Attacks

Following its September workshop on Ransomware – malicious software that denies access to computer files until the victim pays a ransom – the Federal Trade Commission is offering tips on how consumers and businesses can protect devices and respond to ransomware. The FTC offers How to defend against ransomware to help consumers. Businesses can find guidance in Ransomware – A closer look and the accompanying video, Defend against Ransomware.
Source: FTC

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Study: Buyers Happier When Helped with Auto Tech

Auto dealers who spend more time explaining new technology features to buyers have more-satisfied customers, according to a new J.D. Power survey. The 2016 U.S. Sales Satisfaction Index Study released Thursday found that as vehicles become more complex, car buyers need assistance from product specialists to learn how to operate all the features. The findings follow a trend. In last year’s study, J.D. Power found that dealers that use tablets, computer displays or gadgets in the sales process yielded higher satisfaction than dealers who didn’t.
Source: The Detroit News

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SUVs in All Shapes and Sizes to Dominate LA Auto Show

Bigger, and presumably better, will be a theme as the auto show season kicks off in Los Angeles this week, along with automakers’ continuing quest to offer every conceivable shape and size of SUV. Los Angeles will also bustle with the first awards activity of the season, as Motor Trend announces its car, truck and SUV of the year, Green Car Journal names its car of the year and the North American Car of the Year jury reveals finalists for the North American Car, Truck and Utility Vehicle of the Year.
Source: Detroit Free Press

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Past Articles
       
      Quotable
      "We believe it is unlikely that new fuel-economy rules will be passed or that existing ones will be strengthened. Enforcement and preservation of current CAFE standards is unclear."

          -- Adam Jonas, an analyst at Goldman Sachs, commenting on President-elect Donald Trump's new administration and its policy decisions, Bloomberg, Nov. 10
       
      Sponsored by

      NADA Foundation


      AutoConference LA
      NADA Videos

      NADA Produces Five-Part Video Series on Flood Relief Efforts in Baton Rouge


      NADA Chairman Delivers Remarks to Automotive Press Association in Detroit


      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

      Nov. 30: Where is the Buy/Sell Market Headed? (1 p.m. ET)

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

      NADA Chairman's Commentary
      100 Years of Standing Up for Our Customers
       
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