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February 16, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Carmakers' Plea for Fuel Economy Review Sets Stage for Showdown
If Car Industry Retools, Parts Makers Will Reel
Feb. 16 Webinar: NADA and FTC to Discuss the Recently Revised Buyers Guide
FCA Shares Jump on GM Speculation; Barra Still Not Interested
2017 NADA Dealership Workforce Study Open for Participation
Dodge Gives Slow Rollout to Its Most Demonic Car Yet
Top Stories
Carmakers' Plea for Fuel Economy Review Sets Stage for Showdown

Automakers enjoying lucrative sales of trucks and sport utility vehicles are hoping President Donald Trump makes good on his vows to deregulate. Environmental groups are saying fuel efficiency standards won’t be watered down without a legal challenge.

Eighteen auto industry executives sent a letter to Trump on Friday, asking him to reinstate an Environmental Protection Agency review of fuel economy regulations through 2025 that they say was unfairly cut short during the final days of the Obama administration. That letter could be the opening act in a potential drawn-out battle in Washington and in U.S. courts as environmental groups consider suing to stall or derail any effort to lower the targets.

The issue auto executives raised in their letter last week was the review process for the nation’s fuel efficiency standards. The companies and then-President Barack Obama struck a deal in 2011 to double average fuel economy of vehicles to 54.5 miles per gallon by 2025, with the caveat that a mid-term review would determine whether the standards for the final years of the program were feasible.

Automakers say falling gasoline prices have squelched demand for the most fuel-efficient vehicles, making achieving the standards more difficult. Just a week before Trump took office, the EPA said it had concluded its review more than a year ahead of schedule and the rules didn’t need to be changed.
Source: Bloomberg

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If Car Industry Retools, Parts Makers Will Reel

Lift the hoods of the world’s auto makers to see the problems in store for companies that have thrived on the automotive global supply chain. Car makers are reeling with the uncertainty of President Donald Trump’s threats to impose border tariffs and import duties—their earnings calls these days are peppered with comments and questions on U.S. investment plans. So it is worth considering how much of a car is actually made in the U.S., as American imports of car parts surge.

There is the car and then everything that has gone into putting the car together. While the focus has remained on the former, it is the automotive parts that could substantially raise the costs of making cars. Tariffs could likely apply to both—the car and the parts, so the compounding effect looks painful.
Source: The Wall Street Journal (Subscription required.)

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

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FCA Shares Jump on GM Speculation; Barra Still Not Interested

Fiat Chrysler Automobiles shares have outpaced General Motors in the initial aftermath of a potential Opel sale, amid fresh speculation the two could combine. The problem: GM CEO Mary Barra still isn’t interested. Analysts are seeing GM’s proposed sale of its European business creating an opening for FCA to revive its long-standing -- and one-sided effort -- to combine with GM. Shedding Opel would eliminate GM’s overlap with Fiat in Europe and clear the way for the largest U.S. automaker to replace money-losing operations with Fiat’s profitable brands.
Source: Bloomberg / Automotive News

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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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Dodge Gives Slow Rollout to Its Most Demonic Car Yet

From the slow-motion rollout that Fiat Chrysler is giving its latest performance model, this much is clear: the new Dodge Challenger SRT Demon will be fast. Really fast. The company is releasing new videos leading up to the New York Auto Show in April, where Demon will make its debut. The videos, including the latest,  "Forced Induction," are all finding a home on a special website. Tim Kuniskis, FCA's head of passenger car brands, has said that the Demon would be more powerful than the Challenger Hellcat models, which are powered by a 6.2-liter, supercharged V-8 engine that delivers 707 horsepower.
Source: Detroit Free Press

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Past Articles
       
      Quotable
      "[I]gnoring consumer preferences and market realities will drive up costs for buyers and threaten future production levels."

          -- A letter signed by chief executives including Mary Barra of General Motors Co., Mark Fields of Ford Motor Co. and Sergio Marchionne of Fiat Chrysler Automobiles NV, urging the Trump administration to review the EPA's fuel economy regulations, Bloomberg, Feb. 15

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      Automotive Forum -- April 11

       
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