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February 23, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Ghosn Steps Down as Nissan CEO, Hands Reins to Saikawa as Focus Shifts
Forecast: U.S. February Sales to Reach 16-Year High
Auto Lobby to Feds: Pump the Brakes on Mileage Rules
Volkswagen Buybacks Fill Showrooms; Trick Is Getting Owners to Stay
Vehicle Dependability Takes Hit in J.D. Power Study
2017 NADA Dealership Workforce Study Open for Participation
Top Stories
Ghosn Steps Down as Nissan CEO, Hands Reins to Saikawa as Focus Shifts

Carlos Ghosn, the long-serving chief executive who rescued Nissan Motor Co. from bankruptcy, is stepping down as CEO, having nearly finished his latest business plan and driven the Renault-Nissan Alliance to new heights with the acquisition of Mitsubishi Motors Corp.
Source: Automotive News

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Forecast: U.S. February Sales to Reach 16-Year High

A WardsAuto forecast calls for U.S. automakers to deliver 1.34 million light vehicles in February, a 16-year high for the month. A daily sales rate of 55,949 units over 24 days represents a 0.1% improvement from like-2016 (also 24 days). The report puts the seasonally adjusted annual rate of sales for the month at 17.70 million units, compared with year-ago’s 17.60 million and January’s 17.48 million mark.
Source: WardsAuto (Subscription required)

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Auto Lobby to Feds: Pump the Brakes on Mileage Rules

[The Washington, D.C.-based Alliance of Automobile Manufacturers] is pushing new U.S. Environmental Protection Agency Administrator Scott Pruitt to reverse a decision by the Obama administration to finalize stringent fuel economy rules that are estimated to add at least $2,000 to the sticker price of a vehicle. “The alliance requests that the EPA withdraw the Final Determination and resume the midterm evaluation on the original timetable, to remedy the severe procedural and substantive defects that have infected the process to date,” [Auto Alliance President Mitch] Bainwol wrote to the new EPA chief.
Source: The Detroit News

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Volkswagen Buybacks Fill Showrooms; Trick Is Getting Owners to Stay

VW could experience a tailwind for the foreseeable future, as the program extends through 2018 and only about one-fifth of eligible owners have taken advantage

Volkswagen AG has bought back or terminated the leases of 125,000 diesel vehicles from owners affected by the company’s emissions-cheating scheme, helping spur showroom traffic in recent months for hundreds of U.S. dealers who weathered brutal sales declines in the wake of the scandal.
Source: The Wall Street Journal (Subscription required)

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Vehicle Dependability Takes Hit in J.D. Power Study

Technology-related problems contributed to a worsening in dependability for a second consecutive year in the J.D. Power and Associates Vehicle Dependability Study. The study, which looked at problems reported in the past 12 months by owners of 2014 model-year vehicles, found an industry average of 156 problems per 100 vehicles. The previous study released in 2016 found 152 problems per 100 vehicles. As high-tech gadgetry filters down through all levels of vehicles, more problems are being registered by owners.
Source: The Detroit 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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Past Articles
       
      Quotable
      "For consumers that love the brand, they think that (the buyback program is) a double win."

          -- Jason Kuhn, chairman of Kuhn Automotive Group with multiple dealerships in Florida, commenting on Volkswagen's buyback program, The Wall Street Journal, Feb. 22

      Sponsored by

      Automotive Forum -- April 11

       
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