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May 24, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA Show 2018 Now Accepting Online Applications for Exhibit Space
Ex-Dealer Wins $256M Jury Award from Nissan Finance Unit
U.S. Justice Department Sues Fiat Chrysler Over Diesel Emissions
OSHA Delays Injury and Illness Electronic Reporting Date
Ford CEO: Income from Connected Cars to Boost Earnings
U.S. Carmaker Lobby Wants Rules of Origin Left Intact in NAFTA Talks
CPO Share of Franchised Used Stays above 22%
Top Stories
NADA Show 2018 Now Accepting Online Applications for Exhibit Space

NADA Show 2018 (formerly the NADA Convention & Expo) is now accepting online applications from auto industry suppliers to reserve booth space. The exhibit dates at the 2018 show, which will be held at the Las Vegas Convention Center, are Friday, March 23, to Sunday, March 25.

“The NADA Show is an ultimate venue for exhibitors to showcase their brands, launch and promote new products and services in front of thousands of retail-auto decision makers representing U.S. new-car dealers and their top managers,” said Connie Mikels, NADA Show director. “We anticipate an early sell out.”

For more information or to apply for booth space, visit www.nadashow.org or send an email to expo@nada.org or call 703.821.7141.
Source: NADA Show

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Ex-Dealer Wins $256M Jury Award from Nissan Finance Unit

Eight years after the collapse of his California dealership group, a jury has awarded ex-Nissan dealer Michael Kahn more than $256 million in damages from Nissan Motor Acceptance Corp. Kahn has argued since 2010 that Nissan's finance unit defrauded him by canceling his dealership financing, including floorplan and customer financing, in the midst of the 2008-10 economic crisis despite giving him assurances that it would not.
Source: Automotive News

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U.S. Justice Department Sues Fiat Chrysler Over Diesel Emissions

The U.S. Justice Department [on May 23] sued Fiat Chrysler Automobiles, charging it with building and selling diesel engines that violate the Clean Air Act. The automaker faces four claims in the suit that could result in billions of dollars in penalties.
Source: Detroit Free Press

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OSHA Delays Injury and Illness Electronic Reporting Date

The Occupational Safety and Health Administration (OSHA) is delaying the July 1, 2017 deadline by which certain dealerships must electronically file their 2016 employee workplace injury and illness records. Dealerships required to report electronically by filing Form 300A or equivalent include:

  • Commercial truck dealerships with 20 to 249 employees at a single "establishment." "Establishment" is defined by OSHA as a single location where business is conducted or where services or industrial operations are performed.
  • Light-duty and commercial truck dealerships with 250 or more employees at a single "establishment."

Note that light-duty dealerships with fewer than 250 employees at a single "establishment" are required to record workplace injuries and illnesses, but are not required to submit Form 300A to OSHA.

Until a new deadline is announced, covered dealerships should not file any Form 300As. OSHA may be considering the possibility of doing away with the electronic reporting mandate altogether. For more information on existing federal injury and illness recordkeeping and reporting mandates, visit NADA's injury and illness recordkeeping page.

For more information contact NADA Regulatory Affairs at regulatoryaffairs@nada.org.  
Source: NADA

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Ford CEO: Income from Connected Cars to Boost Earnings

Ford Motor Co.’s new President and CEO Jim Hackett expects Ford’s ventures into self-driving cars and the massive amounts of data they generate will become profitable enough to help carry the automaker through the highs and lows of automotive sales cycles. And, he said, they will boost earnings and value for the automaker.
Source: The Detroit News

Related article:


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U.S. Carmaker Lobby Wants Rules of Origin Left Intact in NAFTA Talks

A powerful U.S.-based automakers group said on Tuesday that it favors keeping rules of origin intact in the North American Free Trade Agreement (NAFTA), echoing comments from its Mexican counterpart. Under the trade deal between the United States, Mexico and Canada, rules of origin stipulate that products must meet minimum regional, or NAFTA-wide, content requirements to be tariff-free. "We believe the NAFTA rule of origin, which establishes the highest threshold of any free trade agreement the U.S. has ever negotiated, should remain intact," Annemarie Pender, spokeswoman for the Association of Global Automakers, told Reuters.
Source: Reuters

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CPO Share of Franchised Used Stays above 22%

More than 22 percent of franchised dealers' used-car sales in the first quarter were certified pre-owned vehicles, according to Edmunds, which says these stores are feeling the pinch in their older inventory but see a flood of late-model supply. There were 647,400 CPO sales in Q1, which was up a modest 0.1 percent year-over-year, according to the company’s latest Used Vehicle Market Report.
Source: Auto Remarketing

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Quotable
"The company intends to defend itself vigorously, particularly against any claims that the company engaged in any deliberate scheme to install defeat devices to cheat U.S. emissions tests."

    -- Fiat Chrysler Automobiles said in a statement, Detroit Free Press, May 23

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