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Inside this issue
Commentary: Trust the Data: Auto Lending Is Sound
Detroit Wants Trump to Play Offense in Trade Talks
Penske Bullish on Used-Car Ventures
Mazda to Put Autonomous-Driving Technology in All Models by 2025
Mercedes Forms Training Program through U.S. Labor Dept.
NADA Members Receive a 50% Discount to Attend Hireology Summit
Top Stories
Commentary: Trust the Data: Auto Lending Is Sound
By Jonathan Smoke

As a former real estate economist now firmly ensconced in the automotive industry, I've enjoyed comparing and contrasting the trends, drivers and characteristics of the two industries that represent the biggest purchases consumers make. Despite all of the negative headlines suggesting automotive lending could be the next financial disaster, I've developed a new appreciation for auto lending's overall health and importance.
Source: Automotive News

Smoke joined Cox Automotive in April as chief economist. Most recently he was Realtor.com's chief economist.

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Detroit Wants Trump to Play Offense in Trade Talks

Pushing for wider adoption of U.S. vehicle standards

They say defense wins championships. But in the context of trade, U.S. automakers want the Trump administration to go on offense, arguing that eliminating barriers to exports will do more to support the domestic industry than defensive measures to punish imports. A big part of their game plan: get U.S. negotiators to aggressively push other nations to accept U.S. safety and performance standards for vehicles, alongside European Union or domestic standards.
Source: Automotive News

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Penske Bullish on Used-Car Ventures

When Penske Automotive Group Inc. agreed to buy used-only retailers CarSense in the U.S. and CarShop in the U.K. several months ago, Chairman Roger Penske said he was "cautiously optimistic" about the ventures. Penske has dropped the "cautiously." "We love it," Penske told Automotive News. "We're going to scale it. We have very good people, good processes, five good locations [in each country] and we'll be able to replicate those. All of that is very positive."
Source: Automotive News

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Mazda to Put Autonomous-Driving Technology in All Models by 2025

Mazda Motor Corp. said it would launch a new engine in 2019 that it says would be the world's first commercial gasoline engine to use compression ignition, unveiling a plan that places traditional engines at the center of its longer-term strategy.  As many automakers scramble to get into the electric car segment, the Japanese automaker said it would start introducing electric and other electrified vehicles from 2019 in markets that offer a high ratio of clean energy or restrict other vehicles to reduce air pollution.
Source: Reuters

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Mercedes Forms Training Program through U.S. Labor Dept.

Mercedes-Benz USA said it has received approval from the U.S. Department of Labor and Department of Veterans Affairs to become the first luxury automotive manufacturer to offer a Registered Apprenticeship Program. MBUSA’s new 16-week technician training and development program, Mercedes-Benz DRIVE, trains veteran and non-veteran candidates for in-demand technician careers at authorized Mercedes-Benz dealerships.
Source: Auto Remarketing

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NADA Members Receive a 50% Discount to Attend Hireology Summit

Hireology, an integrated hiring and talent management platform, will be hosting its inaugural retail-auto human capital management summit, Elevate, in Chicago on Sept. 19, 2017. Intended for general managers, dealer principals and HR leaders, attendees will assess competencies, identify gaps and formally develop 2018 human capital management plans.

The event is hosted in partnership with Cox Automotive and NADA. New research from Cox Automotive and Hireology will be released at the event, providing critical insight into the state of dealership staffing. NADA Chief Economist Steven Szakaly is among the featured speakers.

NADA members will receive a 50% discount to attend. Use the discount code HCM_NADA when completing registration. Click here to register and purchase tickets. For more information, call 312.283.3625, email hpigman@hireology.com or visit hireology.com/elevate2017.
Source: Hireology

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Quotable
"Looking across all of the data, auto lending today looks healthy. And that's great for the industry, the economy and consumers trying to improve their lives."

    -- Jonathan Smoke, Cox Automotive's chief economist, in a commentary in Automotive News, August 7

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