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October 26, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Dealership Families Need Support Following Year of Record Natural Disasters
Trump's NAFTA Threats Put Auto Industry on Offense
Ford Posts 63% Profit Jump
Japanese Carmakers Warm to EVs, but Still See Role for Hydrogen
A Professor with a Way to Reduce Time Spent at Red Lights
New President and CEO of Volvo Cars USA to Speak at AutoConference LA on Nov. 28
NADA Show: Early-Bird $100 Registration Discount Ends Nov. 17
Top Stories
Dealership Families Need Support Following Year of Record Natural Disasters

Donate today to the NADA Foundation's Emergency Relief Fund

This year, thousands of dealership employees and their families from Texas, Florida, Puerto Rico, California and surrounding areas have suffered devastating losses caused by a record number of hurricanes, flooding and wildfires.


 
"There are occurrences that can happen virtually in any state," said NADA board member Mike Alford, president of Marine Chevrolet Cadillac in Jacksonville, N.C. "As a collective dealer body, we need to pay attention and make certain that we are there for our fellow dealers in terms of helping them, either their store or their inventory or more importantly, if one of their employees has a significant loss."

NADA is calling on dealers, dealership employees and others across the country to support the NADA Foundation's Emergency Relief Fund by making a contribution today. One-hundred percent of funds go directly to dealership employees who sustained personal property damage from natural disasters.

"We can be there quickly. We can help," added Alford, the 2013 Time Dealer of the Year recipient.

To donate online, click here. 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.)
Source: NADA Public Affairs

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Trump's NAFTA Threats Put Auto Industry on Offense

Auto industry groups have formed a new advocacy coalition, Driving American Jobs, to urge Donald Trump not to withdraw from the North American Free Trade Agreement, using language that the real-estate-mogul-turned-politician can understand. “We’re Winning With NAFTA,” says the group’s website. Auto trade associations representing General Motors Co., Toyota Motor Corp., Volkswagen AG, Hyundai Motor Co., Ford Motor Co. and nearly every other major automaker are part of the coalition, backing an ad campaign to convince the Trump administration that the trade agreement has been crucial in boosting U.S. auto production and jobs.
Source: Forbes

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Ford Posts 63% Profit Jump

Results outpace analyst expectations and brighten auto maker’s profit outlook for the full year

Ford Motor Co.’s third-quarter profit jumped 63% amid strong truck sales in North America, a lower tax rate and belt-tightening measures, leading the auto maker to outpace analyst expectations and brighten its profit outlook for the full year. The No. 2 U.S. auto maker by sales on Thursday reported net income of $1.6 billion for the July through September period, as stronger pricing on truck and sport-utility sales in its home market and a record profit in Asia helped offset losses in Europe and other overseas markets.
Source: The Wall Street Journa

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Japanese Carmakers Warm to EVs, but Still See Role for Hydrogen

Japanese automakers are finally embracing electric cars, showcasing concepts ranging from compact sportscars to all-wheel-drive mini SUVs at this week’s Tokyo Motor show, although they haven’t given up on alternative technologies. After years of investing in hydrogen fuel cells and electric-gasoline hybrids, Japanese manufacturers are talking up all-battery electric vehicles (EVs) at the annual gathering.
Source: Reuters

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A Professor with a Way to Reduce Time Spent at Red Lights

You know the routine — wait at one red light, only to meet another at the next intersection, and another. In cities, we are spending 40% of our time idling, according to Stephen Smith, a professor at Carnegie Mellon University. The time adds up: the average American spends 42 hours a year in traffic — almost two complete days, says Inrix, an analytics firm. New Yorkers spend more than twice as long — 89 hours.
Source: Axios

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AutoConference LA News
New President and CEO of Volvo Cars USA to Speak at AutoConference LA on Nov. 28

Anders Gustafsson, Volvo Cars USA’s new president and CEO and senior vice president for the Americas, has joined the speaker lineup at AutoConference LA on Tuesday, Nov. 28, 2017.

“Anders inherits the Americas position at a crucial time,” said Hakan Samuelsson, Volvo Cars’ president and chief executive. “He brings three decades of experience in the auto industry along with the energy and drive needed to further develop Volvo’s ongoing turnaround in U.S.”

Other industry speakers at the conference include Tom Doll, president and chief operating officer for Subaru of America, and Jeremy Tucker, vice president of marketing communications and media for Nissan North America, as well as Mark Scarpelli, NADA chairman, Finbarr O’Neill, CEO and president of J.D. Power, and others.

AutoConference LA, hosted by NADA and J.D. Power, will be held at the InterContinental Los Angeles Downtown, the tallest U.S. building west of Chicago. The half-day conference precedes media days at the Los Angeles Auto Show.

Now in its sixth year, the event focuses on the auto industry in the western United States with a focus on the marketplace in California and Los Angeles. The conference attracts nearly 400 attendees representing automakers, dealers, suppliers, marketers and advertisers.

The conference starts with a noon luncheon and ends with a networking reception on the 73rd floor of the hotel, which offers unparalleled 360-degree views of the cityscape and skyline of downtown Los Angeles. For the complete agenda or to register, visit www.autoconferencela.com.
Source: NADA Public Affairs

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NADA Show News
NADA Show: Early-Bird $100 Registration Discount Ends Nov. 17

Online registration and hotel selection for NADA Show 2018 (formerly the NADA Convention & Expo) in Las Vegas is now open. NADA member dealers and their managers who register by Nov. 17 will receive an early-bird discount of $100 from the onsite registration rate.

The NADA Show runs from Thursday, March 22, to Sunday, March 25. Keynote speakers are Mark Scarpelli, 2017 NADA chairman, and Nick Saban, head football coach at the University of Alabama (Friday’s general session); Wes Lutz, 2018 chairman-elect, and John Krafcik, CEO of Waymo Inc. (Saturday’s general session); and Robert O’Neill, former SEAL Team Six Leader (Sunday’s inspirational session).

The show also includes educational programs, dealer-franchise meetings, an expo and numerous networking opportunities.

For more information and to register, visit www.nadashow.org. Source: NADA Public Affairs

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Quotable
"As a collective dealer body, we need to pay attention and make certain that we are there for our fellow dealers in terms of helping them, either their store or their inventory or more importantly, if one of their employees has a significant loss."

    -- NADA board member Mike Alford, president of Marine Chevrolet Cadillac in Jacksonville, N.C., commenting on when natural disasters strike and supporting dealership employees through the NADA Foundation, NADA Video, Oct. 26

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