View Web Version

SPONSORED BY
NADA.org
August 15, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
FCA Mum on Reported Interest from Chinese Firm
Profit-Rich Pickups, SUVs May Catch Break in Trump Auto Review
What Automakers Want from Trump's NAFTA Talks
Franchised Dealer Count Steady; Texas Shows Most Gains
Letter to the Editor: Letís Continue Mallonís Work
Top Stories
FCA Mum on Reported Interest from Chinese Firm

A spokesperson for Fiat Chrysler Automobiles NV declined to comment on a media report suggesting the automaker had been targeted for purchase by a Chinese company. Automotive News reported Monday morning: “Representatives of a well-known Chinese automaker made at least one offer this month to buy Fiat Chrysler Automobiles at a small premium over its market value... The offer was rejected for not being enough, a source said.” Sergio Marchionne, FCA’s chief executive officer, has repeatedly floated the idea of mergers in the past with other automakers, including General Motors.
Source: The Detroit News

[back to top]

Profit-Rich Pickups, SUVs May Catch Break in Trump Auto Review

A move under consideration by the Trump administration could ease tough fuel-efficiency standards set to take effect in 2021 on pickups, SUVs and other light trucks, the bulwark of U.S. auto industry sales and profits. For the 2021 model year, light trucks must average roughly 33 miles per gallon to comply with the current standards, a gain of more than 6 percent from model year 2020, according to estimates from the National Highway Traffic Safety Administration. President Donald Trump hasn’t proposed any changes to the standards yet. But in recent weeks, both NHTSA and the U.S. Environmental Protection Agency signaled a new willingness to alter the rules earlier than originally planned.
Source: Bloomberg

[back to top]

What Automakers Want from Trump's NAFTA Talks

Automakers are embracing the Trump administration's decision to renegotiate the North American Free Trade Agreement -- with a few caveats. They see it as a rare opportunity to push for improvements to the trade deal that would benefit the industry, but are concerned about some administration goals that could harm profits and jobs. Auto industry groups plan to be fully engaged in negotiations that start Wednesday and are expected to last six or seven months.
Source: Detroit Free Press

[back to top]

Franchised Dealer Count Steady; Texas Shows Most Gains

Continuing a “normal pattern of stability,” the franchised auto dealer count in the U.S. climbed modestly in the first half of the year, with 98 percent of markets showing no real change, according to Urban Science. The firm’s 2017 mid-year Automotive Franchise Activity Report indicates there were 18,199 dealership rooftops as of July 1. That’s up 0.2 percent from January.
Source: Auto Remarketing

[back to top]

Letter to the Editor: Letís Continue Mallonís Work
By Tim Smith

If there was ever a dealer you could call Mr. NADA, it was Bob Mallon... Bob believed in the importance of the role of the franchised dealer in our communities, in our industry, in our society and in government relations. He was rarely silent, but he also was a very good listener. Bob’s tireless leadership with the foundation probably stemmed from his firm belief that our industry must give back to society the fruits of our work, and the foundation was a very important manifestation and example for all dealers to provide for those in need. Click here for the full article.
Source: Automotive News

Smith is president of Bob Smith BMW-Mini in Calabasas, Calif., and a NADA board member representing Southern California.

[back to top]

 
Quotable
"Bob believed in the importance of the role of the franchised dealer in our communities, in our industry, in our society and in government relations. He was rarely silent, but he  also was a very good listener."

    -- NADA board member Tim Smith, president of Bob Smith BMW-Mini in Calabasas, Calif., commenting on the legacy of the late Bob Mallon, who established the NADA Foundation in 1975, Automotive News, August 14

Sponsored by

MyDealership.org Videos




 
NADA Videos

Introducing NADA Academy Plus

Upcoming NADA Webinars
August 16 - Cultivating Female Leaders (12 pm)

August 23 - Implementing Successful Recon Programs (12 pm)

August 30 - Advanced Web Analytics Made Easy (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.