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Inside this issue
NADA / J.D. Power Automotive Forum to Discuss ‘Policy and Regulation in the Trump Era’
EPA Expected to Revisit Rules on 2025 MPG Targets
An Import Tax Could Raise Car Prices by Thousands
Mexico Official: NAFTA Must Be Win-Win-Win
Online Businesses Could Do More to Protect their Reputations and Prevent Consumers from Phishing Schemes
Dealer Volunteers Wanted for NADA / Junior Achievement Financial Literacy Program
Top Stories
NADA / J.D. Power Automotive Forum to Discuss ‘Policy and Regulation in the Trump Era’


With the new administration underway, leaders representing new-car dealerships and auto manufacturers will assess the regulatory environment going forward and discuss how several Republican policy objectives – including tax reform and infrastructure investment – will impact the automotive manufacturing and retail sectors.

The panelists are Peter Welch, president and CEO of the National Automobile Dealers Association; Mitch Bainwol, president and CEO of the Alliance of Automobile Manufacturers; and John Bozzella, president and CEO of Global Automakers. Mike Allen, co-founder and executive editor of Axios, and a co-founder of POLITICO, will moderate the panel discussion.

The discussion is among several speaker and panel sessions scheduled at the 2017 Automotive Forum in New York City on Tuesday, April 11.

The full-day forum, “Automotive 3.0 – Navigating through Changing Times,” is hosted by NADA, J.D. Power and the New York International Auto Show. It will be held at the Grand Hyatt New York.

Registration is open. For the full agenda or to register, visit www.autoforumny.com. Forum attendees receive exclusive access to the auto show during press days.
Source: NADA

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EPA Expected to Revisit Rules on 2025 MPG Targets

The EPA is expected to announce next week it will reopen a review of 2022-25 vehicle emissions requirements after automakers urged the Trump administration to reverse a decision under former President Barack Obama, a source said on Friday. Last week, trade groups representing General Motors Co., Toyota Motor Corp., Volkswagen AG, Ford Motor Co., Honda Motor Co. and others formally asked new EPA Administrator Scott Pruitt to withdraw an Obama administration decision to lock in vehicle emissions rules through 2025.
Source: Reuters/Automotive News

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An Import Tax Could Raise Car Prices by Thousands

Proposals for a border tax to pay for a wall with Mexico and encourage increased manufacturing in the U.S. would add hundreds to thousands of dollars to the cost of every car and truck sold here, including those assembled in American factories. There’s even a risk the tax could raise prices and reduce sales so much that the U.S. loses manufacturing jobs, according to the Motor Equipment Manufacturers Association, the umbrella group for several supplier associations representing 1,000 companies. Analysts, associations and experts say the tax could add $2,000 to $2,500 to the average cost of a vehicle sold in the U.S.

The supply chain for parts and vehicles made in the U.S., Canada and Mexico is among the most closely integrated in the world. Some raw materials components cross borders many times in the manufacturing process, potentially being taxed repeatedly before a finished vehicle ships to the dealership, said David Andrea, vice president for research at the Center for Automotive Research.

“Companies that rely on global supply chains would face huge business challenges caused by increased taxes and increased cost of goods, which would, in turn, likely result in reductions in employment, reduced capital investments and higher prices for consumers,” Mark Scarpelli, chairman of the National Auto Dealers Association, wrote in a letter to the House Ways and Means committee. NADA represents 16,500 auto dealers from all brands.
Source: Detroit Free Press

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Mexico Official: NAFTA Must Be Win-Win-Win

It’s time to renegotiate the North American Free Trade Agreement so that all three countries in it benefit, Mexico’s economy minister said. “NAFTA is a 23 year-old agreement,” Ildefonso Guajardo Villarreal, Mexico’s Secretary of the Economy, told the Detroit Economic Club on Friday at the MotorCity Casino Hotel. “When we were negotiating it, we didn’t have cellphones, e-commerce didn’t exist. We need to (improve and modernize it).”
Source: The Detroit News

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Online Businesses Could Do More to Protect their Reputations and Prevent Consumers from Phishing Schemes

In a study released March 3, the Federal Trade Commission’s Office of Technology Research and Investigation (OTech) reports that most major online businesses are using proper email authentication technology to prevent phishing emails, but few of these businesses are taking full advantage of the latest technologies to combat phishing.

Phishing is a type of online scam that targets consumers by sending them an e-mail that appears to be from a well-known source such as an internet service provider, a bank, or a mortgage company. It asks the consumer to provide personal identifying information, and then the scammer uses the information to open new accounts or invade the consumer’s existing accounts.
Source: FTC

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Dealer Volunteers Wanted for NADA / Junior Achievement Financial Literacy Program

NADA has partnered with Junior Achievement USA to teach financial educational courses to students in grade schools and high schools. “A goal of the partnership is to get new-car dealers or dealership representatives in communities across the country to become volunteers in the program,” said Michelle Primm, managing partner of Cascade Auto Group in Cuyahoga Falls, Ohio, who is providing financially-focused curriculum to students in her local school district through Junior Achievement. For more information on how to become a volunteer, contact Deb Stevens at dstevens@nada.org or call 703.827.6861.
Source: NADA

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Past Articles
       
      Quotable
      "This is a price increase, and the consumer will bear an awful lot of the burden."

          -- Michigan State University professor of economics Charles Ballard, commenting on proposals for a border tax, Detroit Free Press, March 4

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      Automotive Forum -- April 11

       
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