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Inside this issue
F&I and Showroom: Turning 100
Interview with 2017 NADA Chairman
Local Communities Rely on International Trade
Electric Cars: Still Unpopular with Buyers and Unprofitable for Sellers
Toyota's Hybrid Bet in Europe Finally Pays Off
Honda CR-V is Edmunds' Most-Researched Vehicle in 2016
NADA Convention Launches Mobile App
Top Stories
F&I and Showroom: Turning 100

It began in 1917, when Congress planned to impose a 5% luxury tax on new vehicles. In response, a group of 30 dealers traveled to Washington, where they successfully argued the automobile is a necessity, not a luxury. The tax was reduced and the National Automobile Dealers Association (NADA), which turns 100 this year, has been fighting for dealers ever since.
Source: F&I and Showroom

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Interview with 2017 NADA Chairman



As many of our readers may already know, Mark was elected by the NADA board of directors as the organization's 2017 chairman. Previously, Mark served as a 2016 NADA vice chairman and represented Metropolitan Chicago’s franchised new-car dealers on the board. An active NADA member, he has chaired several committees, including Legislative Affairs, Regulatory Affairs and Public Affairs. In short, Mark's unique skill set combines an understanding of what's going on in Washington with an awareness of what's important to local dealers.

Mark took time out from his busy schedule to talk with Dealer magazine about his career as an auto dealer, as well as his plans for NADA this year, including how the organization will celebrate its 100th anniversary.
Source: Digital Dealer

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Local Communities Rely on International Trade

What we typically think of as imported vehicles actually comprise more than half of all U.S. car sales. Stemming from 9,500 dealer franchises, 8.3 million vehicles are sold, and 570,000 American jobs are created, representing a payroll of $32 billion. International brands may have their roots in Germany, Korea, Italy or Japan, but thanks to open trade and a global marketplace, their dealerships are deeply rooted in our communities.
Source: The San Diego Union-Tribune

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Electric Cars: Still Unpopular with Buyers and Unprofitable for Sellers

A new generation of long-range, affordably priced electric cars is about to hit the market, showing that auto makers can produce alternatives to gasoline-powered vehicles. What auto makers haven’t shown is that they can actually sell these vehicles and earn real profits. Despite the wave of new models, there are good reasons to believe the transition will be long and painful for the auto industry.
Source: WSJ

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Toyota's Hybrid Bet in Europe Finally Pays Off

In the first full year since Volkswagen’s emissions scandal threw the German giant into disarray, Toyota is on track for roughly a 40 percent jump in annual sales of gasoline-electric vehicles in Europe. Hybrids are set to account for more than half of Toyota’s deliveries for the region by the end of the decade, according to Karl Schlicht, executive vice president of the carmaker’s European division.

By the time hybrids reach about 50 percent to 60 percent of Toyota Europe’s sales mix, the company will be selling about 400,000 or 500,000 units per year, Schlicht estimates. In the January-November period, hybrids accounted for about 32 percent of its sales in the region.
Source: Bloomberg

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Honda CR-V is Edmunds' Most-Researched Vehicle in 2016

For the second year in a row, the Honda CR-V was the most-researched vehicle on Edmunds.com in the U.S., followed by two Honda car models in second and third place. Edmunds said in a statement the most-researched list of 2016 proves consumers are still interested in cars, despite their shrinking market share, as light trucks and crossovers remain in high demand.
Source: Automotive News

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NADA Convention Launches Mobile App


 

The new NADA100 mobile app for the 2017 NADA Convention and Expo in New Orleans is now available in the App Store and Google Play. Search for NADA100.

Key features include:

  • Real-time alerts;
  • Workshop and event schedules; 
  • The option to download and email workshop handouts;
  • Locate and schedule meetings with exhibitors; and
  • Rating the workshop sessions.

The NADA convention runs from Thursday, Jan. 26, to Sunday, Jan. 29. The advance online registration discount of $75 for NADA member dealers and their managers ends Jan. 20. For more information or to register, visit www.nadaconvention.org.  
Source: NADA Convention & Expo

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Past Articles
       
      Quotable

      “Despite the doom and gloom and the worst case scenarios offered by those who would like to see the United Stated take a step backward from the global economy, America remains the home for innovation in the automotive industry.”

       
      -- Greg Kaminsky, Chairman of Toyota of El Cajon and Honda of El Cajon, and Chairman of the American International Automobile Dealers Association
       
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      NADA Convention


      NADA Videos
      Dealers Help Consumers Secure Competitive Financing


      Introducing NADA Academy Plus

      NADA Webinars

      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
      The Year at a Glance: A Final Message From Your 2016 Chairman
       
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