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June 29, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
July 6 Economic Briefing: NADA to Discuss State of Auto Retailing
Regulators Need Better Tools to Prevent Car Cyberattacks, Privacy Advocates Say
Effects of Takata Bankruptcy to Extend Far and Wide
Auto Industry Groups Urge Caution in Changing NAFTA Origin Rules
Used-Car Sales Likely to Reach 3.2 Million in June
NADA Dealer Attitude Survey Opens July 5
Top Stories
July 6 Economic Briefing: NADA to Discuss State of Auto Retailing


Szakaly


Scarpelli

With six months of U.S. auto sales for 2017 in the books, NADA Chief Economist Steven Szakaly and NADA Chairman Mark Scarpelli – during a quarterly economic briefing via conference call – will highlight the current trends impacting both the new- and used-vehicle markets as well as discuss the state of auto retailing—from incentives, inventory levels and financing trends, etc. Szakaly will also provide an outlook for the rest of 2017.

When:
  Thursday, July 6, 2017
Call-in Time:
10:30 a.m. ET

Scarpelli is president of Raymond Chevrolet and Raymond Kia in Antioch, Ill., and co-owner of Ray Chevrolet and Ray Chrysler-Jeep-Dodge-Ram in Fox Lake, Ill.

A Q&A session with the media and industry analysts will follow the briefing. Click here to register. A call-in number and conference ID will be emailed to registrants.
Source: NADA

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Regulators Need Better Tools to Prevent Car Cyberattacks, Privacy Advocates Say

Vehicle-to-vehicle communications, emerging tech that prevents crashes, could be vulnerable

U.S. regulators should do more to ensure data transmitted among vehicles to prevent crashes on the road can’t be stolen and used against drivers, privacy advocates cautioned at a federal forum on Wednesday. The forum on vehicle privacy and cyber-security was hosted by Federal Trade Commission (FTC) and the National Highway Traffic Safety Administration (NHTSA). The major stakeholders, including regulators, automakers, software companies, and consumer groups expressed hope that coming technologies will save lives on the highways. At the same time, the emerging technology presents unprecedented challenges for automakers to protect against hacking and ensure that customer data doesn’t get into the wrong hands.

[C]ar dealers are hearing concerns about car data collection and privacy, said Andrew Koblenz, executive vice president of legal and regulatory affairs at the National Automobile Dealers Association. Event-data recorders and what happens to personal data from phones that are synced with infotainment systems are among the most common questions asked of dealers, he said. NADA felt compelled to publish a brochure to answer such common privacy questions.
Source: Consumer Reports


Editor’s note: Earlier this year, NADA and the Future of Privacy Forum (FPF) released a first-of-its-kind consumer guide, Personal Data In Your Car, to help consumers understand the types of personal information collected by the latest generation of vehicles, which use data to enhance safety, efficiency, performance, convenience, and entertainment. The Guide has been made available to consumers, automakers, and dealers in order to explain the kinds of information that may be collected, the guidelines that govern how it is collected and used, and the options consumers may have.

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Effects of Takata Bankruptcy to Extend Far and Wide

Takata, the airbag manufacturer at the center of the world’s largest auto safety recall, filed for Chapter 11 bankruptcy in the United States on Sunday and said it was selling its surviving operations to a rival supplier. The company also filed for bankruptcy protection in Japan, where it is based.
Source: The New York Times

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Auto Industry Groups Urge Caution in Changing NAFTA Origin Rules

Auto industry trade groups said on Wednesday that tightening the rules of origin in the North American Free Trade Agreement could be disruptive and hurt the competitiveness of U.S., Mexican and Canadian auto plants. Their testimony at a public hearing ahead of NAFTA renegotiations, expected to start Aug. 17, contrasted sharply with frequent comments from U.S. Commerce Secretary Wilbur Ross that the trade pact's local content rules are an area that needs strengthening to avoid being used as a "back door" for Chinese auto parts.
Source: Reuters

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Used-Car Sales Likely to Reach 3.2 Million in June

Used-car sales this month could trend down a bit from May, but they should maintain the same annualized rate, according to Edmunds. The company released its monthly industry sales projections on Wednesday, calling for approximately 3.2 million used-car sales in June. That’s down from 3.3 million in May.
Source: Auto Remarketing

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NADA Dealer Attitude Survey Opens July 5

Dealers will receive an email notification with instructions on how to complete the Dealer Attitude Survey. The deadline to complete the survey is August 10, 2017.
Source: NADA Industry Affairs

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Quotable
"Consumers should know what data their car is collecting, and who has access to this information. Also, consumers’ trust is critically important to the broader acceptance of advanced features—including lifesaving safety systems."

    -- William Wallace, a policy analyst for Consumers Union, the policy and mobilization arm of Consumer Reports, June 28

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