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September 5, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
New Video: TADA President Bill Wolters Calls on Dealers to Donate to NADA's Emergency Relief Fund
Automotive News Editorial: Dealers Will Be Leaders in Houston's Recovery
Harvey Soaks Expectations for Strong Auto Sales Month
No Offer for Fiat Chrysler on the Table, CEO Says
Federal Judge Strikes Down DOL 'White Collar' Overtime Rule
Expanded EEOC Pay Data Reporting Postponed Indefinitely
Top Stories
New Video: TADA President Bill Wolters Calls on Dealers to Donate to NADA's Emergency Relief Fund

AUSTIN, Texas – Bill Wolters, president of the Texas Automobile Dealers Association, is calling on the nation's new-car and -truck dealers and others to provide financial assistance to dealership employees in southeast Texas who sustained personal property damage from Hurricane Harvey by donating to the NADA Foundation's Emergency Relief Fund.



"NADA created the Emergency Relief Fund to give immediate funds to these employees to help them bridge the gap until they can get their lives back together," said Wolters, who represents 1,300 new-car and -truck dealerships in Texas. "We need those thousands of dealerships across the country to pull together to help these dealership employees get back on their feet. We really, really need everyone to step up and help us get through this."

Dealership employees who sustained personal property damage caused by the hurricane and flooding can apply for financial assistance. (Lost wages or commissions are not eligible for reimbursement.)

The NADA Foundation is calling on dealers, dealer association groups and others to donate online to its Emergency Relief Fund, which is dedicated exclusively to providing financial assistance to dealership employees.

Personal or corporate checks can be made payable to Emergency Relief Fund, c/o NADA Foundation, 8400 Westpark Drive, Tysons, VA 22102. For more information, call 703.821.7102. (Donations to the NADA Foundation are generally tax-deductible; contributors should consult their tax advisors for details.)

Since 1992, the NADA Foundation’s Emergency Relief Fund has provided more than $6 million to 9,200 dealership employees and their families across the country.
Source: NADA

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Automotive News Editorial: Dealers Will Be Leaders in Houston's Recovery

Texas' Gulf Coast region and its automobile community are in for a challenging few weeks, months and, most likely, years. From Corpus Christi to Port Arthur, auto dealers will need to bail water out of their buildings, rebuild damaged showrooms and garages, replace records, fill out government forms, negotiate with insurers and flush out and replenish their vehicle inventories — all while attending to their own flooded homes and their employees' daily hurdles and frayed nerves. Early last week, the National Automobile Dealers Association estimated that between 30,000 and 35,000 dealership employees in the Houston area may have been affected. And at that time, the rain was still falling.
Source: Automotive News

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Harvey Soaks Expectations for Strong Auto Sales Month

It was a mixed month for U.S. auto sales in August, with General Motors sales up for the month, Ford and Fiat Chrysler down, and flooding in Texas dampening hopes for an overall upturn. Sales for General Motors Co. rose 7.5 percent in August over the same month in 2016, while Ford Motor Co. sales fell 2.1 percent and Fiat Chrysler Automobiles sales dropped 11 percent compared to the same month a year ago.
Source: The Detroit News

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No Offer for Fiat Chrysler on the Table, CEO Says

Fiat Chrysler has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the Italian Formula One Grand Prix, Marchionne said the focus remained on executing the company’s business plan to 2018. Asked whether FCA had been approached by someone or whether there was an offer on the table, he simply said: “No.”
Source: Reuters

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Federal Judge Strikes Down DOL 'White Collar' Overtime Rule

On August 31, in a case brought by NADA and other business groups, the federal District Court for Northern Texas found that the U.S. Department of Labor (DOL) had acted unlawfully in 2016 when it revised its overtime compensation exemption for "white collar" employees. Agreeing with NADA and the other business groups, the Court found that by more than doubling the exemption's salary-level threshold tests from $455/week ($23,660/year) to $913/week ($47,476/year), the DOL undercut the exemption's "duty" tests, unreasonably preventing its application to certain workers. For now, the lower "white collar" salary thresholds remain in effect as they have since before the Court enjoined enforcement of the new thresholds in 2016.

Note: The DOL is in the early stages of considering revisions to the "white collar" exemption that would be both lawful and acceptable to employers and employees alike. For questions on this or any other wage and hour issue, contact NADA Regulatory Affairs at regulatoryaffairs@nada.org or 703.821.7040.
Source: NADA Regulatory Affairs

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Expanded EEOC Pay Data Reporting Postponed Indefinitely

The U.S. Equal Employment Opportunity Commission announced on August 29 that the Office of Management and Budget was initiating a review and immediate stay of the onerous EEO-1 form published last year. The action is in part the result of concerns raised by employer organizations, including NADA.
 
The annual EEO-1 reporting mandate applies to dealerships with 100 or more employees enterprise-wide. The 2016 EEO-1 form would have required the reporting of data on wages and hours worked and the range of compensation paid to employees by demographic group. As of now, covered employers should use the pre-September 2016 EEO-1 form when submitting 2017 data by the March 31, 2018, deadline. Further information on prohibited discrimination practices and the EEO-1 reporting mandate is available here. For more information on the EEO-1, contact NADA Regulatory Affairs at regulatoryaffairs@nada.org.
Source: NADA Regulatory Affairs

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Quotable
"NADA created the Emergency Relief Fund to give immediate funds to these employees to help them bridge the gap until they can get their lives back together. We need those thousands of dealerships across the country to pull together to help these dealership employees get back on their feet. We really, really need everyone to step up and help us get through this."

    -- Bill Wolters, president of the Texas Automobile Dealers Association, NADA Video, Sept. 5

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