View Web Version

SPONSORED BY
NADA.org
October 19, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Dealership Employment Continues Trend Toward Record
Congressional Support for FET Repeal Growing
How Trump Getting His Way on NAFTA Would Reshape the Auto Sector
Ford Recalling 1.3M Vehicles for Possible Door Issue
Cadillac Says Hands-Free Driving with Its Super Cruise System Is 'Like Riding a Monorail.'
GM President Dismisses Hype About $30 Billion Tech-Unit Spinoff
Toyota Targets 620-Mile Range With Concept Fuel-Cell Vehicle
Top Stories
Dealership Employment Continues Trend Toward Record

Employment and payroll at U.S. new-car dealerships continued to rise through the first six months of 2017, according to a new midyear report released today by the National Automobile Dealers Association.

New-car dealerships directly employed 1,134,200 workers through the second quarter of 2017, up from a record 1,131,900 in 2016, according to NADA Data 2017: Midyear Report, which provides a biannual financial profile of new-car dealerships, as well as data on employment, payroll and more.

“We expect to see employment at new-car dealerships reach an all-time high at the end of 2017,” said Patrick Manzi, NADA senior economist. “In addition to the direct employment provided by dealerships, more than another million other jobs in local communities are dependent on dealerships.”

Payroll at new-car dealerships reached nearly $33 billion in June 2017 year-to-date, up more than 11 percent compared to the same six months in 2016.

The average compensation for employees at new-car dealerships was $69,784 per year in 2016.

“For the past several years, dealership employees have seen steady increases in their incomes as well as in their total compensation,” Manzi added. “Dealership jobs offer significantly higher compensation than other retail sectors.”

To download the midyear report, click here.
Source: NADA Public Affairs

[back to top]

Congressional Support for FET Repeal Growing

Congressional support for H.R. 2946, a bipartisan bill that would repeal the 12-percent federal excise tax on the retail sale of most heavy-duty trucks, is gaining momentum, the American Truck Dealers (ATD) announced Wednesday.

Since the bill’s introduction, 12 members of Congress have signed on as cosponsors, the latest being Rep. John Rutherford (R-Fla.). To see the current list of cosponsors, click here.

And since tax reform is the major focus for Congress this fall, and an infrastructure bill is on the congressional agenda, now is the time to generate support to ensure FET repeal is part of the tax reform debate, ATD says.

ATD urges its members to contact their member of Congress to cosponsor H.R. 2946 to help build support for this important legislation to spur sales of cleaner and safer trucks that will modernize the trucking fleet.

ATD is a division of the National Automobile Dealers Association. For more information, click here to view the issue brief.
Source: Successful Dealer

Editor’s note: Organizations that have endorsed H.R. 2946 include ATD, Daimler Trucks North America, Mack Trucks, NTEA – The Association for the Work Truck Industry, the Recreation Vehicle Dealers Association, the Truck and Engine Manufacturers Association, the Truck Renting and Leasing Association, the Truck Trailer Manufacturers Association and Volvo Trucks North America.

[back to top]

How Trump Getting His Way on NAFTA Would Reshape the Auto Sector

Mexico, Canada and the U.S. are at loggerheads after the latest round of NAFTA negotiations, with America’s neighbors rejecting hard-line proposals by the Trump administration that risk throwing automotive trade on the continent into disarray.

President Donald Trump’s proposed changes -- including requiring vehicles have 85 percent Nafta-sourced parts with half coming from the U.S. to avoid duties in the region -- are nonstarters for his two major trading partners. Though more talks are planned for November and into next year, the discussions are slow moving as Mexico and Canada remain unwilling to yield to Trump’s America-First demands.

If the contentious U.S. proposals were to be pushed through, what would the changes mean in real terms to the region’s auto industry? Automakers, analysts and experts weigh in on what scenarios to expect in the unlikely event Washington gets its way.
Source: Bloomberg

[back to top]

Ford Recalling 1.3M Vehicles for Possible Door Issue

Ford is recalling about 1.3 million 2015-17 F-150 and 2017 Super Duty vehicles in North America because of potential door problems. The company said Wednesday that in some vehicles a frozen door latch or bent or kinked actuation cable may cause a door to not open or close. If consumers are able to open and close such doors, the door may appear closed, but the latch may not fully engage, increasing the risk for a possible injury.
Source: The Associated Press

[back to top]

Cadillac Says Hands-Free Driving with Its Super Cruise System Is 'Like Riding a Monorail.'

Cadillac is in the middle of a massive marketing campaign to introduce its new Super Cruise. The semi-autonomous driving system, available only on the CT6 luxury sedan, is being billed as offering the “first true hands-free driving on the freeway.” The car company has sent CT6 sedans literally across the country, holding events in multiple U.S. cities, offering auto journalists short Super Cruise seminars followed by a turn behind the wheel. The system is highly sophisticated.
Source: Los Angeles Times

[back to top]

GM President Dismisses Hype About $30 Billion Tech-Unit Spinoff

General Motors Co. shot down speculation that it’ll spin off its business units working on self-driving vehicles and car-sharing, which one analyst has estimated could be worth as much as $30 billion. “All of our focus right now is on moving as fast as we can to get to commercial deployment of this technology in the safest way possible,” GM President Dan Ammann said in an interview with Bloomberg Television. “We believe the best way to do that is having all the capability under one roof.”
Source: Bloomberg

[back to top]

Toyota Targets 620-Mile Range With Concept Fuel-Cell Vehicle

Toyota Motor Corp. is set to unveil a fuel-cell concept car that aims to offer 50 percent more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven vehicles. Japan’s biggest auto manufacturer is targeting a 1,000-kilometer (620-mile) range for the Fine-Comfort Ride concept under local standards, compared with about 650 kilometers for the current Mirai fuel-cell vehicle, according to a statement Wednesday. The concept car, to be introduced at the Tokyo Motor Show next week, will include artificial intelligence and automated driving features.
Source: Bloomberg

[back to top]

 
Quotable
"You're still the supervisor, but you could drive from Santa Monica to Irvine without once having to touch the wheel."

    -- Cadillac marketing chief Kurt Ghering commenting on its new semi-autonomous driving system, Los Angeles Times, Oct. 18

Sponsored by




 



MyDealership.org Videos




 
 
NADA Videos

Introducing NADA Academy Plus

Upcoming NADA Webinars
Oct. 25 - Safeguards Rule: Protecting Physical and Electronic Content (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.