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Inside this issue
NADA Chairman Mark Scarpelli Receives Honorary Doctorate from Northwood University
Fordís Annual Meeting Is Virtual, But Its Troubles Are Real
VW CEO Directly Drawn for First Time Into Diesel Scandal Probes
Nissan Forecasts Profit Fall, Plays Catch Up in U.S. Truck Market
NADA's ĎA Dealer Guide to the FTC Used Car Ruleí Now Available
GM Trims Battery Costs, Aims to Make Profitable EVs
NADAShow 2018 Is Now Accepting Workshop Proposals
Top Stories
NADA Chairman Mark Scarpelli Receives Honorary Doctorate from Northwood University

MIDLAND, Mich. – NADA chairman and Northwood University alumnus Mark Scarpelli delivered a commencement address last week at his alma mater, and was later presented with an honorary doctorate degree.


Mark Scarpelli delivers a commencement address at Northwood University in Midland, Mich., on May 6, 2017.


“To do what you love, you sometimes have to stand up for it. My dad taught me that. Northwood University taught me that. Your teachers here taught you that too. Take that knowledge and don’t let anyone stop you,” Scarpelli, a 1983 graduate, told a diverse group of graduates ranging in ages. “Ask yourselves: What does the world not know about my business? Go out and show the world.”

Scarpelli, a multi-franchise new-car dealer near Chicago, joins a “Gallery of Distinction” of men and women with whom Northwood University has vested with honorary doctorate degrees over the past 50 years.
Source: NADA

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Fordís Annual Meeting Is Virtual, But Its Troubles Are Real

The automaker, facing sharp questions about its strategy and under rising pressure to turn its slumping stock around, is taking the unprecedented step of hosting the gathering on the internet. One investor and longtime attendee of the physical meetings Ford held for years in Wilmington, Delaware, accused the company of “hiding from shareholders” with the virtual session.
Source: Bloomberg

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VW CEO Directly Drawn for First Time Into Diesel Scandal Probes

While dealing with Volkswagen AG’s legal woes over the last 1 1/2 years, Chief Executive Officer Matthias Mueller was able to claim that he was not personally caught up in investigations. That has now changed, potentially complicating his efforts to turn the page on the biggest scandal in the German automaker’s recent history.
Source: Bloomberg

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Nissan Forecasts Profit Fall, Plays Catch Up in U.S. Truck Market

Nissan Motor Co. forecast an unexpected 7.7 percent fall in operating profit this year on higher raw material costs and a negative currency impact, as it adjusts to changes in the U.S. market, its biggest, where larger vehicles are in demand. Nissan and other Japanese automakers are scrambling to offset slackening demand for their traditional mainstays, sedans, in the key U.S. market by boosting supply of higher-margin sports utility vehicles and trucks.
Source: Reuters

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NADA's ĎA Dealer Guide to the FTC Used Car Ruleí Now Available

A Dealer Guide to the FTC Used Car Rule (L12) is now available at NADA University Online. It provides an overview of the revised federal Used Car Rule, includes details about the revised Buyers Guide, instructions on properly completing the Buyers Guide form, and with a number of templates and other examples. The guide is available to NADA and ATD members only (at no charge). Members needing assistance accessing the guide should call NADA customer service at 800.557.6232.
Source: NADA

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GM Trims Battery Costs, Aims to Make Profitable EVs

General Motors Co. wants to be the first automaker to sell an affordable electric vehicle that also generates a profit. Through April this year, GM has sold 4,384 Bolt EVs with limited availability in a handful of states. The small crossover, built at GM’s Orion Assembly Plant in Orion Township, will be available to order nationally this summer.
Source: The Detroit News

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NADAShow 2018 Is Now Accepting Workshop Proposals

The NADAShow 2018, which will be held in Las Vegas from March 22 to 25, is looking for experts to present on workshop topics that are relevant to new-car dealers and their managers. The deadline for submitting a proposal is 11:59 p.m. ET on June 26, 2017. 

Here are the workshop tracks:

  • Dealer/Executive
  • Digital and Traditional Marketing
  • Legal and Regulatory Compliance
  • Employee Recruiting, Hiring and Retention
  • Fixed Operations (Parts, Service and Body Shop)
  • Variable Operations (Sales, Business Office and F&I)

Tips on Submitting a Workshop Proposal

Potential workshop presenters who want to sharpen their proposals, can participate in the webinar, "Tips for Submitting a Great Workshop Proposal,” at 12 p.m. ET on Thursday, May 11, 2017. Click here to register.
Source: NADA Dealership Operations

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Quotable
"To do what you love, you sometimes have to stand up for it. My dad taught me that. Northwood University taught me that. Your teachers here taught you that too. Take that knowledge and don’t let anyone stop you. Ask yourselves: What does the world not know about my business? Go out and show the world."

    -- NADA Chairman Mark Scarpelli, in a commencement address to graduates last week at his alma mater Northwood University, NADA Headlines, May 11

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      - May 11 -- Tips for Submitting a Great Workshop Proposal at NADA 2018 (12 pm)

        - May 17 -- Facebook Offline Events: Measuring Offline Conversion (12 pm)

          - May 24 -- The Need for Speed: How WiFi Affects Productivity (12 pm)

            - May 31 -- Driving More Leads Organically with No Increase in Budget (12 pm)

            NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.

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