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December 5, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Time to Register for NADA 2017, Plus Drones to the Rescue!
CO2 Ruling Puts Trump, Automakers in a Bind
Ford Willing to Work With Trump If Policies Are Right: CEO
Used Vehicle Sales Set to Hit All-Time High in 2016
Apple Signals Interest in Self-Driving Software
Top Stories
Time to Register for NADA 2017, Plus Drones to the Rescue!

The NADA Convention & Expo returns to the Big Easy for '17

If you haven’t already, now is the time to make your arrangements to attend the NADA Convention & Expo in New Orleans, January 26–29. If you’re the principal at your dealership, NADA 2017 is a great place to see what direction the auto industry is heading, and to see the innovations that are coming. By seeing innovations first, you can be the first to use them to beat the competition. This is particularly important if those innovations make it easier or faster to sell vehicles to consumers.
Source: Dealer Marketing Magazine

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CO2 Ruling Puts Trump, Automakers in a Bind

EPA leaves narrower path for changes

The politics of fuel economy just got messier. The EPA's surprise decision last week to uphold its greenhouse-gas targets keeps the auto industry pretty much where it was, on the road to cleaner and more efficient cars, and in pursuit of a light-vehicle fleet that averages more than 50 mpg by 2025. But it significantly reduces the latitude for automakers to seek changes to the grand bargain they struck with federal and California regulators in 2011 to advance President Obama's energy and environmental agenda. It also limits the options for the incoming administration of Donald Trump to reconcile the rules with his deregulatory campaign rhetoric.
Source: Automotive News

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Ford Willing to Work With Trump If Policies Are Right: CEO

Ford Motor Co. was a target of Donald Trump’s criticism on the campaign trail for building cars in Mexico, and now that Trump will be president, Ford said it’s willing to work with him to keep jobs in the U.S. -- provided Trump puts the right policies in place, according to the automaker’s chief executive officer. Fields said Ford plans to lobby the new president to soften U.S. and state fuel-economy rules. They hurt profits by forcing automakers to build more electric cars and hybrids than are warranted by customer demand, he said. “In 2008, there were 12 electrified vehicles offered in the U.S. market and it represented 2.3 percent of the industry,” Fields said in the interview. “Fast forward to 2016, there’s 55 models, and year to date it’s 2.8 percent.”
Source: Bloomberg

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Used Vehicle Sales Set to Hit All-Time High in 2016

Used cars and trucks are getting new love as 2016 is on track for a record number of preowned vehicle sales. For the year, almost 41 million used vehicles are expected to be bought in the U.S., according to Cox Automotive. The growth in used vehicle sales comes as new data from Experian shows a surge in used vehicle loans being written to those with the best credit scores.
Source: CNBC


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Apple Signals Interest in Self-Driving Software

Letter to transportation regulators is tech giant’s first public statement about its car effort

Apple Inc. confirmed for the first time its interest in autonomous-vehicle technology, but it remains unlikely the company will design or build a complete car. In a Nov. 22 letter to U.S. transportation regulators, Steve Kenner, Apple’s director of product integrity, suggested Apple’s focus is on the software that would control a self-driving car. He said the company is “investing heavily in machine learning and automation” for many purposes “including transportation.”
Source: The Wall Street Journal

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Past Articles
       
      Quotable
      "This is almost certainly a record year. And the number of sales will likely go higher in the future because there is a large number of vehicles coming off lease over the next couple of years."

          -- Tom Webb, chief economist at Cox Automotive, commenting on used vehicle sales, CNBC, Dec. 5
       
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      NADA Chairman Delivers Remarks to Automotive Press Association in Detroit


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


      Introducing NADA Academy Plus

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      Dec. 7: A Profit-Focused Gameplan for Better Auction Purchases (12 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.

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