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January 30, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA Launches Nationwide Initiative
NADA100 Video: Convention Coverage Wrap Up
Detroit Goes to Washington
Ford CEO Told Trump U.S. Fuel-Economy Rules Risk 1 Million Jobs
Incentives, Used-Car Market Trends Worry Analysts
Volkswagen Passes Toyota as World's Largest Automaker Despite Scandal
Top Stories
NADA Launches Nationwide Initiative

National Automobile Dealers Association launches new nationwide effort to promote the consumer and community benefits of local dealerships.

Today, the National Automobile Dealers Association (NADA) launched a new initiative designed to promote the benefits of local new car and truck dealerships for consumers, local communities and manufacturers alike. 

The new initiative includes a website and social media channels and features videos of real consumers and dealership staff voicing the benefits of local dealerships in their own words. Videos include:

  • My Dealership Saves Me Money: Econometric research has shown that when same brand dealerships compete in proximity to each other, consumers save hundreds of dollars on the price of a new vehicle.
  • My Dealership Creates Jobs: Local dealerships provide nearly 1.1 million jobs in sales, service and management average more than $69,000 in compensation per year across occupations – in fact, dealerships employ more workers than auto manufacturers operating in America.   
  • My Dealership is Local: Approximately half of America’s 16,500 dealerships are companies that own two stores or less. Thousands of dealership groups are locally owned and operated businesses rooted in their communities.
  • My Dealership is Modern: Local dealerships offer a modern service and sales experience, with online tools and digital platforms dedicated to making the purchasing experience as easy and convenient as possible. 
  • My Dealership is Diverse: Local dealerships reflect the communities they serve, and can be incredibly diverse workplaces, employing workers from all background in sales, service and management occupations, and with opportunities for advancement.

“Local dealerships benefit consumers and local communities alike – through price competition that drives down prices, and good paying jobs that drive local economies,” said NADA Chairman Mark Scarpelli, who operates four dealerships near Chicago, Illinois. “But doesn’t come from the perspective of dealers – it comes from the perspective of real consumers, dealership staff and community leaders who have seen the benefits of local dealerships first hand.”
The initiative is being taken up by state and local dealership associations across the country. Robert Glaser, who runs the North Carolina Automobile Dealers Association and chairs Automotive Trade Association Executives (ATAE), plans to be the first state association to take up the initiative. “Local dealerships benefit consumers and local communities in North Carolina and across America,” said Glaser. “NCADA is taking up this initiative, and we encourage local dealerships and dealer associations to promote it as well.”
NADA will be promoting the initiative throughout 2017 across its digital media channels, including Facebook, Twitter, Instagram and LinkedIn. The initiative was launched as part of NADA’s 100th Anniversary.
Source: NADA

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NADA100 Video: Convention Coverage Wrap Up

The final day of NADA100 video coverage includes an onstage conversation with motorsports legends Roger Penske and Helio Castroneves and Automotive News editor-in-chief Keith Crain; 2017 NADA Chairman Mark Scarpelli shares his vision for the year ahead, and announces the launch of NADA’s initiative; as well as a look into the American Truck Dealers (ATD) convention. Click here to watch the video.
Source: NADA Video

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Detroit Goes to Washington

CEOs take political stage, but offer no big commitments

President Donald Trump's meeting with the Detroit 3 CEOs was a historic bit of political theater -- but it was no dramatic turning point. Ford's Mark Fields, General Motors' Mary Barra and Fiat Chrysler's Sergio Marchionne convened for the first time together at the White House to speak with the new president about what Fields called a "renaissance in American manufacturing."
Source: Automotive News

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Ford CEO Told Trump U.S. Fuel-Economy Rules Risk 1 Million Jobs

About 1 million U.S. jobs are at risk if fuel-economy rules don’t align with market reality, according to Ford Motor Co. Chief Executive Officer Mark Fields, who delivered the estimation directly to President Donald Trump.

Fields and his peers -- General Motors Co. chief Mary Barra and Fiat Chrysler Automobiles NV’s Sergio Marchionne -- didn’t ask to have fuel-economy standards eliminated during their meeting with the president at the White House this week, the CEO said Friday. The focus was on combining various sets of government regulations and ensuring they take into account consumer demand.

“We think having one national standard on fuel economy is really important,” Fields said at the National Automobile Dealers Association convention in New Orleans. Citing several studies he didn’t identify, Fields said the jobs “could be at risk if we’re not given some level of flexibility on that -- aligning it to market reality. So that really resonated.”
Source: Bloomberg

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Incentives, Used-Car Market Trends Worry Analysts

The economy looks solid, but auto industry economists and analysts are concerned a softening used-vehicle market and rising incentives on new cars and trucks could send the industry into an unwanted spiral. Steven Szakaly, chief economist for the National Automobile Dealers Assn., [at the NADA convention in New Orleans last Friday] says although he’d like to see a somewhat healthier housing market, there are no red flags where the economy is concerned. In fact, if President Trump follows through on promises of major infrastructure investment and tax cuts, even more upside is possible. “A lot has changed, particularly in Washington,” Szakaly says. “Let’s say that Trump passes all of his tax cuts and all of his infrastructure spending. That is going to be a big boost to economic growth and economic activity.”

Source: WardsAuto

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Volkswagen Passes Toyota as World's Largest Automaker Despite Scandal

Volkswagen Group soared past Toyota Motor as the world's largest automaker in 2016, capturing the crown for the first time in a bittersweet accomplishment attributable almost entirely to sales in China. Though VW coveted the crown for years, having set its sights on the title by 2018, don't expect to see a festive celebration after the company was engulfed in a global emissions scandal.
Source: USA Today

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Past Articles
      "Local dealerships benefit consumers and local communities alike – through price competition that drives down prices, and good paying jobs that drive local economies."

          -- NADA Chairman Mark Scarpelli, commenting on its new initiative,, NADA Headlines, Jan. 30

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