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Inside this issue
Roger Penske and Helio Castroneves Join Speaker Lineup at NADA Convention
CFPB Head May Have violated U.S. Law with Lending Rules, U.S. House Republicans Claim
EPA Nominee Will Review Vehicle Emissions Rules
Automakers Will Continue Mexico Investments Despite Trump Threats, Study Says
Trump Has Aimed His NAFTA Criticism at Mexico. But Canada Is Now Worried.
New-Car Dealers to Promote Prom-Season Teen Driving Safety at Upcoming NADA Convention
Top Stories
Roger Penske and Helio Castroneves Join Speaker Lineup at NADA Convention

Advance registration discount for dealers and managers ends Friday, Jan. 20.

Motorsports legends Roger Penske, chairman of Penske Corporation, and Helio Castroneves, three-time Indianapolis 500 winner for Team Penske Racing, will take the stage at the 2017 NADA Convention and Expo in New Orleans on Saturday, Jan. 28. Keith Crain, editor-in chief of Automotive News, will moderate the discussion.



“As NADA celebrates its centennial, it’s a wonderful honor for it to salute Roger Penske on 50 years of motorsports along with Helio Castroneves, who is an icon at Indianapolis as well as becoming a participant in an auto dealership,” Crain said. “NADA’s 100th anniversary is a milestone for auto dealers across this nation.”

Mark Fields, president and CEO of Ford Motor Company, will sit down with 2016 NADA Chairman Jeff Carlson for a fireside chat during the opening general session on Friday, Jan. 27. Other speakers at the NADA convention – which runs from Thursday, January 26, to Sunday, January 29 – include Carlson (Jan. 27) and 2017 NADA Chairman Mark Scarpelli (Jan. 28), New York Times best-selling authors, comedian Jim Gaffigan (Jan. 27) and inspirational speaker Amy Purdy (Sunday, Jan. 29).

NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival, which will be held at Mardi Gras World on Thursday, Jan. 26. The Carnival will feature top New Orleans cuisine and musical entertainment from Foreigner, Cowboy Mouth and jazz favorites. For more information or to register, visit www.nadaconvention.org.
Source: NADA Public Affairs

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CFPB Head May Have violated U.S. Law with Lending Rules, U.S. House Republicans Claim

In a blow against the Consumer Financial Protection Bureau just two days before President-elect Donald Trump takes office, U.S. House Republicans accused the CFPB of potentially violating federal law with its rule authorizing the agency to regulate certain auto lenders. A new report released Wednesday, authored by Rep. Jeb Hensarling, R-Texas, says CFPB Director Richard Cordray might have violated federal law when advice from attorneys who urged him to re-open the public comment period for a proposed 2015 rule went unanswered.

“Once again we see the CFPB is a dangerously out-of-control, unconstitutional and unaccountable bureaucracy,” Hensarling said in a statement. “It is a case study in the overreach and pathologies of the regulatory state run amok. The bureau routinely abuses and exceeds its authority, robs consumers of their economic freedoms, increases consumer costs and often attempts to hide information from the public.”
Source: Automotive News

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EPA Nominee Will Review Vehicle Emissions Rules

Oklahoma Attorney General Scott Pruitt, U.S. President-elect Donald Trump's choice to lead the Environmental Protection Agency, said on Wednesday he will review the Obama administration's recent decision to lock in fuel efficiency rules. On Friday, outgoing EPA Administrator Gina McCarthy finalized a determination that the landmark fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key part of his administration's climate legacy.
Source: Reuters

Related article:


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Automakers Will Continue Mexico Investments Despite Trump Threats, Study Says

Forecasting firm LMC Automotive expects automakers will continue to invest in Mexico over the next four years despite tariff threats and social media shaming from President-elect Donald Trump. The study, released Wednesday, said production south of the border for Detroit’s three automakers will increase through 2020, while production in both Canada and the U.S. is expected to fall. The percentage of Mexico-built vehicles sold in the U.S. is predicted to rise, too. And it predicts capacity investment in Mexico will grow at a much faster rate than in the U.S.
Source: Automotive News

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Trump Has Aimed His NAFTA Criticism at Mexico. But Canada Is Now Worried.

For Justin Trudeau, life is about to get a lot more complicated. After Friday’s inauguration of Donald Trump as U.S. president, the Canadian prime minister will be entering uncharted territory with Canada’s most important economic, defense and political partner. Gone will be his brief, 15-month “bromance” with Barack Obama, in which the two like-minded leaders bonded over issues such as free trade, climate change and human rights.
Source: The Washington Post

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New-Car Dealers to Promote Prom-Season Teen Driving Safety at Upcoming NADA Convention

Dealerships can sign up for the new “Senior Promise 2017” program at the Dealers Driving Road Safety booth at the NADA Expo.

Prom and graduation are exciting times for high school seniors. It can also be a dangerous time for teens, with seven of the top 10 deadliest driving days occurring between Memorial Day and Labor Day. To underscore this critical time, the National Foundation for Teen Safe Driving (NFTSD) is launching “Senior Promise 2017” at the National Automobile Dealers Association (NADA) Convention and Expo in New Orleans, which runs from Jan. 26-29, 2017.

“Many new-car dealerships already have great relationships with school and community leaders and are best positioned to participate in this important initiative in their local communities,” says Roy Bavaro, NFTSD executive director. “During the NADA convention, we will be asking dealers who visit the booth to support the initiative by sharing the contest and campaign details with schools and organizations in their local communities."

Campaign items, such as press releases, post cards, posters and web banners, etc., and simple implementation guidelines to raise awareness of Senior Promise 2017 will be available to participating new-car dealerships at no charge. 

For more information or to sign up, visit the Dealers Driving Road Safety exhibit (booth #2608) at the 2017 NADA convention in New Orleans or sign up online at www.NFTSD.org/dealership-application.  
Source: NFTSD/NADA

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Past Articles
       
      Quotable
      "The U.S. currently accounts for two-thirds of North American vehicle production but significant investment plans and decisions to re-source capacity from Asia and Europe to Mexico are expected to bring Mexican production from 19 percent of NAFTA today to 26 percent in 2020."

          -- A LMC Automotive study, which expects automakers will continue to invest in Mexico over the next four years despite tariff threats from President-elect Donald Trump, Automotive News, Jan. 18

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