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Inside this issue
CFPB Future Grows Cloudy Under Trump Appointments
Global Automaker Group Seeks to Block EPA from Finalizing MPG Rules
Trump to Pick Foe of Obama Climate Agenda to Run EPA
NIST Issues Cyber Security Guidance Aimed at Small Businesses
Chevy Bolt EVs on Way to California for First Sales
Incentives, Excess New-Car Inventory, Put a Drag on Used Vehicle Values
Detroit Auto Show Expects More Than 40 Global Reveals
Top Stories
CFPB Future Grows Cloudy Under Trump Appointments

The future of the Consumer Financial Protection Bureau is becoming more complicated. Along with the U.S. Court of Appeals’ call to restructure the agency, President-elect Donald Trump’s recent appointments could signal a challenge for the agency. Steven Mnuchin, Trump’s pick for treasury secretary, told CNBC last week that “stripping back part of” the Dodd-Frank Act, which established the CFPB, will be one of his top priorities, though he didn’t provide details on how the CFPB could be affected. Paul Atkins, a Republican, former SEC commissioner and a critic of heavy government regulation, has been named to Trump’s CFPB transition team.
Source: Automotive News

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Global Automaker Group Seeks to Block EPA from Finalizing MPG Rules

Automakers including Toyota Motor Corp. and Honda Motor Co. have launched a fresh effort to stop the EPA -- before President Obama leaves office -- from cementing a regulation that would slash tailpipe greenhouse gas emissions through 2025. In a letter, the Association of Global Automakers asked the EPA to withdraw its Nov. 30 proposal to keep the greenhouse gas rule unchanged from when it was made final in 2012. The rule is a key component in the Obama administration’s 2011 deal with automakers to align rules governing fuel economy between the EPA, Transportation Department and California and boost vehicle efficiency to a more than 50 mpg fleet average by 2025.
Source: Automotive News


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Trump to Pick Foe of Obama Climate Agenda to Run EPA

Donald Trump will name Oklahoma Attorney General Scott Pruitt, an ardent opponent of President Barack Obama's measures to curb climate change, as head of the Environmental Protection Agency, a Trump transition team official said on Wednesday, a choice that enraged green activists and cheered the oil industry. Trump's choice of Pruitt fits neatly with the Republican president-elect's promise to cut back the EPA and free up drilling and coal mining, and signals the likely rollback of much of Obama's environmental agenda.
Source: Reuters

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NIST Issues Cyber Security Guidance Aimed at Small Businesses

The latest publication from the National Institute of Standards and Technology (NIST), entitled "Small Business Information Security: The Fundamentals," provides guidance on basic cyber security steps businesses should consider to protect themselves and their customers. The report aims to assist small businesses in their efforts to manage information security risks by explaining some of the security issues unique to small businesses, noting that small businesses are particularly vulnerable to cyber security risks and “may even be seen as easy targets to get into bigger businesses through the supply chain or payment portals."
Source: NADA

Editor’s note: NADA will be hosting a webinar on Dec. 14 at 12 p.m. ET with the FBI Cyber Division providing guidance with respect to current cyber threats and what steps dealers should consider to protect themselves and their customers. Click here to register.

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Chevy Bolt EVs on Way to California for First Sales

The first shipments of 2017 Chevrolet Bolt EVs are on their way to California, one of the first two states to receive first builds of the all-electric crossover slated to get 238 miles of range, General Motors Co. confirmed. The first Bolt EVs are slated for California and Oregon and initial sales are expected by the end of the year, a Chevrolet spokeswoman said. The five-door vehicle starts at less than $30,000 after factoring in a $7,500 federal income tax credit.
Source: The Detroit News

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Incentives, Excess New-Car Inventory, Put a Drag on Used Vehicle Values

An increase in new-car incentives and “channel stuffing” -- excess new-vehicle inventory on dealers’ lots -- caused used-vehicle prices to tumble 1 percent in November, according to one closely watched used-vehicle price index released [Dec. 7]. Tom Webb, Cox Automotive chief economist, believes that used-vehicle prices slid last month as a result of manufacturers’ hoisting new-vehicle sales with higher incentives. He also noted that despite strong new-vehicle sales in November, franchise dealers ended the month with more new vehicles on their lots than they wanted.
Source: Automotive News

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Detroit Auto Show Expects More Than 40 Global Reveals

The North American International Auto Show has commitments from global automakers to show nearly 40 never-before-seen cars and trucks at next month's show, a figure that will help to keep the Detroit auto show among the most important in the world. Every year the organizers of the Detroit auto show vie for top-dog status with other auto shows including the New York International Auto Show, the Los Angeles Auto Show and increasingly CES — the Consumer Electronics Show — for the unveiling of new cars and trucks as well as emerging automotive technology. About 5,000 journalists and analysts descend annually on Detroit to write about the reveals, and organizers say they are on track to repeat that attendance again this year.
Source: Detroit Free Press

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Past Articles
       
      Quotable
      "The hasty decision to accelerate the EPA process, taken in the waning days of an Administration, raises serious concerns about the objectivity and factual foundation of their action."

          -- Global Automakers CEO John Bozzella, commenting on its attempt to block the EPA from finalizing MPG rules, Automotive News, Dec. 7
       
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