View Web Version

SPONSORED BY
NADA.org
February 17, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
GM Expands Diesels in U.S. to Meet Fuel Economy Targets
CPO Share of Franchised Used at Record High; Room to Grow?
FTC: Background Checks? Don't Double-Dip
U.S. Electric Vehicle Sales Soared in 2016
Auto Workers Union Preparing 'Buy American' Ad Campaign
2017 NADA Dealership Workforce Study Open for Participation
Video: ‘It’s about Giving Back’: Mixing Purpose and Profit at a Louisiana Dealership Group
Top Stories
GM Expands Diesels in U.S. to Meet Fuel Economy Targets

General Motors Co. is expanding its diesel lineup to 10 Chevrolet and GMC vehicles by the 2018 model year. It says the clean-diesel powertrains will help it meet carbon dioxide emissions levels and fuel economy requirements. Automakers are pressed to meet federal fuel economy mandates that call for corporate average fuel economy of 54.5 miles per gallon by 2025.
Source: The Detroit News

[back to top]

CPO Share of Franchised Used at Record High; Room to Grow?

A record 22.8 percent of franchised dealers’ used-car sales last year were certified pre-owned vehicles, according to an Edmunds report, and there were also a record 2.6 million CPO cars sold last year. But where do certified sales go from here? That’s not quite certain at this point, although signs would suggest there's potential for growth.
Source: Auto Remarketing

[back to top]

FTC: Background Checks? Don't Double-Dip

Need to verify a credit applicant's employment or income history? Checking to see if a candidate has a criminal history or civil judgments? If you get information from a company that compiles it so you can make eligibility determinations, you must comply with the Fair Credit Reporting Act (FCRA). That means no double-dipping. If you get a consumer report for one purpose, don’t use it for a different purpose. The FCRA applies when you use consumer reports to determine things like eligibility or pricing for credit, insurance, or housing; eligibility for employment, and for other purposes.
Source: FTC

[back to top]

U.S. Electric Vehicle Sales Soared in 2016

Final numbers for electric vehicle (EV) sales in the U.S. were recently released for January. The 70% year-over-year increase in monthly sales continued the strong momentum from 2016. Following a 5% decline in sales from 2014 to 2015, U.S. EV sales jumped by 37% in 2016. By year-end there were about 30 different EV offerings, with total sales of 159,139 vehicles.
Source: Forbes.com


Editor's note: According to WardsAuto, the top selling EVs and plug-in hybrids in 2016 included: Tesla Model S: 26,605; Chevrolet Volt: 24,739; Ford Fusion Energi: 15,938; Tesla Model X: 15,549; and Nissan Leaf: 14,006.

[back to top]

Auto Workers Union Preparing 'Buy American' Ad Campaign

The United Auto Workers union is preparing an ad campaign that urges consumers to buy U.S.-made cars and trucks as it tries to tap into President Donald Trump's efforts to rebuild the country's manufacturing sector. President Dennis Williams said the ads could be similar to 1970s garment workers campaign with a catchy jingle that told people to look for a union label on clothing. Williams told reporters Thursday that the union wants to take advantage of what it sees as a movement in the U.S. to bring back manufacturing jobs lost to cheaper-labor countries such as Mexico.
Source: The Associated Press

[back to top]

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

[back to top]

Video: ‘It’s about Giving Back’: Mixing Purpose and Profit at a Louisiana Dealership Group

Louisiana-based dealer Troy Duhon thinks doing good is good for business. His 22 dealerships funnel $25 from each sold vehicle back to local communities, and employees get paid days off for volunteer work. While such efforts have blossomed into a global foundation, they've also helped create loyal employees and customers, leading to a more-profitable dealership group.
Source: Automotive News TV

[back to top]

Past Articles
       
      Quotable
      "The outlook for diesel in the U.S.A. is actually promising."

          -- Dan Nicholson, GM’s vice president of global propulsion systems, The Detroit News, Feb. 16

      Sponsored by

      Automotive Forum -- April 11

       
      MyDealership.org Videos








      NADA Videos

      Introducing NADA Academy Plus

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

      NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.
      NADA Chairman's Commentary
      The Year at a Glance: A Final Message From Your 2016 Chairman
      Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
      NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.