View Web Version

SPONSORED BY
 
NADA.org
July 20, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
U.S. House Panel Approves Broad Proposal on Self-Driving Cars
NAFTA Exit, Border Tax Would Hurt Auto Industry, Study Warns
Suppliers Still Wary of Border Tax
Leasing Slips in First Half
Why Electric Cars Are Everywhere Except Here, Now
Top Stories
U.S. House Panel Approves Broad Proposal on Self-Driving Cars

A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules. Representative Robert Latta, a Republican who heads the Energy and Commerce Committee subcommittee overseeing consumer protection, said he would continue to consider changes before the full committee votes on the measure, which is expected next week. The full U.S. House of Representatives will not take up the bill until it reconvenes in September after the summer recess. Auto dealers want the final bill to clarify that the measure would not preempt state dealer franchise laws that generally bar automakers from selling vehicles directly to consumers.
Source: Reuters

[back to top]

NAFTA Exit, Border Tax Would Hurt Auto Industry, Study Warns

As the Trump administration prepares to renegotiate the North American Free Trade Agreement, a new study from Boston Consulting Group warns that withdrawing from the treaty would hurt the automotive industry and fail to create new jobs in the U.S. The study, commissioned by the Motor and Equipment Manufacturers Association, found that car prices, vehicle sales, supply chain decisions, and industry employment could all be negatively affected by the proposals.
Source: Detroit Free Press

[back to top]

Suppliers Still Wary of Border Tax

U.S. can't absorb sudden production shifts, study says

The border adjustment tax advocated by some Republican lawmakers has lost a lot of steam since it was floated last summer, with major industries such as automotive and retailing that heavily rely on imports pressing lawmakers to scuttle the idea. But auto suppliers aren't letting up in their opposition, touting a new study that suggests the border tax and other trade policies, such as import tariffs aimed at pressuring U.S. manufacturers to relocate overseas factories to the U.S., will harm the auto industry and consumers while undermining job creation and economic growth.
Source: Automotive News

[back to top]

Leasing Slips in First Half

Leasing fell in the first half of this year from the year-earlier period, the first such drop since the first half of 2012, Edmunds said in its latest Lease Market Report released [July 19.] In breaking that four-year string of increases, leasing fell both as a percentage of new-vehicle deliveries and in the absolute number of vehicles leased. Leasing accounted for 31.1 percent of new-vehicle sales in the first half of 2017, a slight decline from a record-setting 31.9 percent a year earlier, Edmunds said in a statement.
Source: Automotive News

[back to top]

Why Electric Cars Are Everywhere Except Here, Now

It might seem like there’s more news about electric cars lately than actual electric cars on the road. Automakers are pouring billions into an uncharted electric future because the cars are getting cheaper more quickly than expected, and because governments worldwide want concrete action against climate change. But these ambitious plans present a jarring contrast to what’s actually happening today in showrooms. In the U.S., for instance, low gasoline prices have super-charged sales of pickups and sports utility vehicles.
Source: Bloomberg

[back to top]

 
Quotable
"A retreat from NAFTA would greatly impede the industry’s relatively smooth and cost-effective flow of goods across borders in North America and around the world."

    -- Xavier Mosquet, a Detroit-based senior partner at Boston Consulting, Detroit Free Press, July 20

Sponsored by

MyDealership.org Videos








NADA Videos

Introducing NADA Academy Plus

Upcoming NADA Webinars

            July 19 - The “How” of the Internet Department (12 pm)

            July 26 - Reshaping Your Digital Experience for Millennials (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.

             
            Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
            NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.