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February 14, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
2017 NADA Dealership Workforce Study Open for Participation
Retail CEOs Head to Washington to Try to Kill U.S. Border Tax
Congress Revs Up Debate Over Self-Driving Cars
Used-Car Leasing Fails to Meet Expectations
Daimler to Focus Smart Brand on Electric Cars in U.S., Canada
Chevrolet Cruze Diesel Earns a Bonkers 52-MPG Highway Rating
Feb. 16 Webinar: NADA and FTC to Discuss the Recently Revised Buyers Guide
Top Stories
2017 NADA Dealership Workforce Study Open for Participation

For participating in the study, dealerships will receive two complimentary reports.

With a retail workforce topping 1 million and the industry poised for growth, dealerships need to focus on hiring and keeping talented employees. The NADA Dealership Workforce Study (DWS) provides one-of-a-kind analysis of dealership pay plans and benefit packages, retention and turnover, employee benefits, work schedules and demographics. It is based on actual payroll data and questionnaire responses submitted by NADA and ATD members. The DWS is open for participation now through April 28, 2017, at www.nadaworkforcestudy.com.

In return for participating in the study, dealerships will receive two complimentary reports: (1) Automotive Retail: National and Regional Trends in Compensation, Benefits and Retention and (2) a custom report, which includes comparisons of the dealership(s) to peers nationally, regionally, by state and brand. All data must be submitted by April 28, 2017. To participate in the study, go to www.nadaworkforcestudy.com to begin. For questions, email WorkforceStudy@nada.org.
Source: NADA Dealership Operations

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Retail CEOs Head to Washington to Try to Kill U.S. Border Tax

Chief executives of some of America's largest retailers, including Target Corp. and Best Buy Co Inc., are headed to Washington this week to make their case that a controversial tax on imports would raise consumer prices and hurt their businesses, according to people familiar with the plan. The group of eight retail bosses, that also includes chief executives of Gap Inc. and Autozone Inc., will meet on Wednesday with Kevin Brady, chairman of the tax-writing House Ways and Means Committee, and with members of the Senate, four people said in recent days. Reuters could not confirm the full list of participants. This is the first time well-known retail CEOs will descend on Washington as a group to try to make the case to kill the import tax proposal.
Source: Reuters

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Congress Revs Up Debate Over Self-Driving Cars

Congress is revving up debate over the regulation that will be necessary for self-driving cars for the first time under President Donald Trump. The House Energy and Commerce Committee will convene a panel on Tuesday to discuss the “road to deployment” that will include representatives from General Motors, Volvo, Toyota and Lyft.
Source: The Detroit News

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Used-Car Leasing Fails to Meet Expectations

Monthly savings over new vehicles aren't enough

In spring 2016, the idea of used leasing buzzed around the National Automobile Dealers Association convention and the American Financial Services Association Vehicle Finance Conference in Las Vegas. Nearly a year later, used leasing is still only a sliver of the market. Used-vehicle lease payments are too close to those for new vehicles to make them appealing, and many lenders are unsure of how to set the residual values on used leases, experts said here last month at the associations' 2017 events in New Orleans.
Source: Automotive News

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Daimler to Focus Smart Brand on Electric Cars in U.S., Canada

Daimler will stop selling combustion engine Smart cars in the United States and Canada and focus the brand on electric vehicles in the two markets, the company said late on Monday. Dietmar Exler, head of Mercedes-Benz USA, said in a letter to dealers reviewed by Reuters that the sale of Smart cars with gasoline engines would stop when the 2017 model year ends this fall. It is the latest sign of struggles for small cars in the United States.
Source: Reuters

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Chevrolet Cruze Diesel Earns a Bonkers 52-MPG Highway Rating

When Chevrolet unveiled the 2017 Cruze Diesel, it hoped the car would achieve a 50-mpg EPA highway rating. Well, it did, and then some. The 2017 Chevrolet Cruze Diesel sedan will achieve 52 mpg on the highway, according to the EPA. It's the highest highway fuel economy of any car that isn't a hybrid or EV. Chevrolet estimates that a full tank can provide up to 702 miles of range with its six-speed manual transmission. It's been a long time since an internal combustion engine produced such high figures.
Source: CNET

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Feb. 16 Webinar: NADA and FTC to Discuss the Recently Revised Buyers Guide

Join NADA and FTC attorney John Hallerud in a webinar covering the changes to the Used Car Rule and the revised Buyers Guide.  Learn how to properly produce, use and complete the revised Buyers Guide, and ask your questions directly to the FTC.  This webinar is open to dealers, dealership staff, dealer attorneys, dealership compliance professionals, and dealership forms providers.  Click here to register.

Date:  Thursday, Feb. 16, 2017
Time: 1 p.m. ET
Duration: 75 minutes
Source: NADA

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Past Articles
       
      Quotable
      "We are now seeing the advent of autonomous vehicles, artificial intelligence, smart cars and also drones. While the benefits are very much known, there are also concerns about how they will continue to develop ..."

          -- Transportation Secretary Elaine Chao, commenting on new technology that will be used to power self-driving cars, The Detroit News, Feb. 13

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      Automotive Forum -- April 11

       
      MyDealership.org Videos








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      Feb. 15 -- Three Wasteful Digital Marketing Mistakes That Can Cost You Sales (12 p.m.)

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      Feb. 22 -- F&I Compliance: Steps to Prevent Regulatory Issues (12 p.m.)

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