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January 23, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Automotive News Issues 'NADA 100' Special Edition
Automotive News: New NADA Chairman Mark Scarpelli Talks Trump and Regulations
Live Webcast: U.S. Credit Bureaus to Assess Concerns on Subprime Auto Lending Industry
It's Official Policy Now: Trump to Renegotiate NAFTA
Car Buyers Will Find Good Deals This Year
Top Stories
Automotive News Issues 'NADA 100' Special Edition

NADA is celebrating its 100th anniversary and Automotive News has marked the achievement with a 132-page commemorative edition that examines NADA from its origins to its future. The issue includes stories about NADA’s early visionary leaders, its biggest personalities, its involvement in World War II and how its influence helped make the Interstate Highway System a reality. Other features: columns by past chairmen and politicians, a chronicle of NADA’s history of generous giving, the evolution of the annual convention and expo, and a look at the future of the franchise system. Click here for the special edition.
Source: Automotive News

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Automotive News: New NADA Chairman Mark Scarpelli Talks Trump and Regulations

Mark Scarpelli, NADA's incoming chairman, is eager to work with President Donald Trump's administration to bring more "sanity" to regulations and clarify recalls. He says regulatory overreach, the rising volume of recalls and pressure from the Consumer Financial Protection Bureau to limit dealer reserve threaten consumers' ability to buy the vehicles they want at a competitive price.
Source: Automotive News

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Live Webcast: U.S. Credit Bureaus to Assess Concerns on Subprime Auto Lending Industry

In response to mixed reports and conflicting analysis in the marketplace, experts representing all three U.S. credit bureaus - Equifax, Experian and Transunion - will provide insight on the health of the subprime auto lending industry using consumer credit data. The panelists include Amy Crews Cutts, chief economist, Equifax; Jason Laky, senior vice president, TransUnion; and Melinda Zabritski, senior director, Experian.

The panel session, which will be held at 11:30 a.m. CT on Tuesday, January 24 in New Orleans, is part of the American Financial Services Association's (AFSA) 21st annual Vehicle Financing Conference and Expo. To join the live webcast, click here. A recording will be available after the presentation. Click here for the media advisory.
Source: AFSA

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It's Official Policy Now: Trump to Renegotiate NAFTA

Donald Trump's incoming administration wasted no time setting as official policy the renegotiation of the NAFTA and the withdrawal from the Trans-Pacific Partnership, expected moves that will send shock waves through the automotive industry. Until now, automakers and auto executives have been reluctant to publicly speak out about the potential consequences of renegotiating or pulling out of North American Free Trade Agreement because Trump's comments on the campaign trail were not official White House policy.
Source: Detroit Free Press

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Car Buyers Will Find Good Deals This Year

U.S. car shoppers will find plentiful deals, relatively low interest rates and lots of high-tech choices in the market this year. New-vehicle sales hit a record of 17.55 million in the U.S. in 2016. While they're not expected to top that this year, demand is still strong. Many of the factors that fueled sales last year are still in place, like solid consumer confidence and low gas prices. And many people still need to replace aging cars. The average age of a vehicle on U.S. roads is climbed to 11.6 years in 2016.
Source: The Associated Press

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Past Articles
       
      Quotable
      "We want to preserve the dealers' ability to discount loans for the customers who walk through our door."

          -- 2017 NADA Chairman Mark Scarpelli, commenting on discussions with Trump administration concerning the CFPB and pushing back against overreach of government and regulations, Automotive News, Jan. 23

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