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December 1, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Final Passage on the Senate Tax Reform Bill Expected Today
Republican Leaders ‘Confident’ They Have Votes to Pass Tax Bill
NADA Forecasts 16.7 Million New-Vehicle Sales in 2018
Senators Search for Path to Bring Self-Driving Legislation to a Vote
Dec. 5 Webinar: The Dealership and the Connected Car
GM to Launch Autonomous Cars in Big Cities Sometime in 2019
VW's Flagship Brand Vows Faster Turnaround With Electric Cars
Video: Santa Rosa Car Dealership Honoring Families of Veterans after North Bay Fires
NADA Show 2018 Announces Schedule for Educational Workshops
Top Stories
Final Passage on the Senate Tax Reform Bill Expected Today

Dealers Should Contact Senators One Last Time to Urge Support for Paul Amendment to Preserve Floor Plan Interest Deductibility

Today is likely the Senate’s final day of consideration of the “Tax Cuts and Jobs Act”.  Senate leadership currently plans to vote on final passage today. Included in this bill is a provision that would reduce the current 100 percent deduction of business interest, including floor plan interest, to 30 percent of adjusted taxable income.  NADA has urged the Senate to adopt the Paul amendment, which preserves full deductibility of floor plan interest.

Sen. Rand Paul’s (R-Ky.) amendment would preserve the full deductibility of floor plan interest as included in the House bill.  Passage of the Paul amendment would ensure that small business dealers aren’t penalized with higher taxes simply because they carry a high-cost inventory.  NADA sent a letter to Senators yesterday in strong support of the Paul amendment to ensure that the Senate tax bill does not treat small business dealerships the same as large corporations.

Dealers are urged to contact their Republican Senators and ask them to cosponsor Sen. Paul’s amendment.
  Dealers should call their Senators, even if calls have already been placed, to urge support for the Paul amendment.  Debate is occurring right now with amendments being voted on later today.  This amendment process will be the last chance to make changes to the Senate bill.

Click here for the one-pager
Click here for the list of Senate Republican phone numbers

Click here to be connected with your Senator directly.

We want to hear your Senate feedback! Please contact Patrick Calpin, NADA Legislative Affairs, at 202.547.5500 or at legislative@nada.org to report if your Senator(s) supports the Paul amendment.
Source: NADA

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Republican Leaders ‘Confident’ They Have Votes to Pass Tax Bill

The Senate has once again regained momentum to pass Republicans’ sweeping tax overhaul, after party leaders picked up the votes of two holdouts, Sen. Steve Daines of Montana, and Sen. Ron Johnson of Wisconsin. Sen. John Cornyn of Texas, the No. 2 Senate Republican, said on Friday morning that Republicans had the 50 votes they need to pass the tax bill. Mr. Cornyn said Senator Bob Corker of Tennessee was not yet on board, and he indicated that Senator Jeff Flake of Arizona was also a holdout. On Thursday, Republicans picked up the support of Sen. John McCain of Arizona.

Lawmakers are now mulling options that would result in a tax increase down the road, including a possible increase in the corporate tax rate and the revival of the alternative minimum tax on wealthy individuals and some companies.
Source: The New York Times

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NADA Forecasts 16.7 Million New-Vehicle Sales in 2018

The National Automobile Dealers Association (NADA) on Friday released its 2018 U.S. sales forecast, predicting the sale of 16.7 million new cars and light trucks.

NADA Chairman Mark Scarpelli announced the forecast live on CNBC’s “Squawk Box,” and later reiterated the forecast is indicative of a stable, healthy market for new vehicles. “We expect 2018 to be a robust year,” Scarpelli told CNBC.

“Every dealer in America, myself included, would be thrilled with a seasonally adjusted annualized rate of above 16 million. Because it means that, one, the market is stable, and two, that demand is still healthy,” Scarpelli said later. “And both factors are true in this case. We are looking at a stable market where demand – particularly for light trucks, SUVs and crossovers – continues to be very healthy.”

“Automakers are continuing to meet that demand with a fantastic mix of vehicles that really do suit the needs, desires and budgets of our customers, so the inventories that we’re carrying in our showrooms are aligning very well with what our customers are looking for,” Scarpelli added. “That’s half the battle right there. So this is a very positive forecast.”

Scarpelli also confirmed that 2017 sales are on pace for 17.1 million new cars and light trucks, in line with NADA’s original forecast of 17.1 million, which would mark only a slight decline from the back-to-back record setting years of 2015 and 2016. Click here for the full article.
Source: NADA

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Senators Search for Path to Bring Self-Driving Legislation to a Vote

The U.S. Senate sponsors of legislation governing self-driving cars are searching for an expedited way to get a floor vote after momentum on the bill stalled in recent weeks. Senate Commerce Committee Chairman John Thune, R-S.D., and top Democrats are pulsing members on both sides of the aisle to see whether there are any concerns that might hamper a vote using the unanimous consent rule, two people familiar with the matter said. It's the first step toward getting the Senate's full consideration of the bill after it unanimously was voted out of Committee on Oct. 4.
Source: Automotive News


Editor’s note: The Senate autonomous vehicle (AV) bill (S. 1885) clarifies that state laws regarding the sale, distribution, repair or service of AVs are not preempted under the bill.  However, the bill lacks a technical amendment to fully ensure that state franchise laws protecting the rights of dealers and their customers are not nullified inadvertently by this legislation.  NADA supports adding a technical amendment to this legislation before the bill is considered by the Senate.

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Dec. 5 Webinar: The Dealership and the Connected Car

Join NADA, TU-Automotive and the National Automotive Service Task Force for an exclusive webinar at 10 a.m. ET on December 5 on the implications of the connected car on dealerships and the dealer business model. Click here to sign up.
Source: NADA

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GM to Launch Autonomous Cars in Big Cities Sometime in 2019

General Motors expects to have autonomous vehicles working commercially in big cities sometime in 2019. The company made the prediction Thursday in slides posted on its website ahead of an investor presentation. The company says that based on its current rate of change, it expects "commercial launch at scale" in heavily traveled urban environments in 2019. The slides mention delivery and carrying passengers.
Source: The Associated Press

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VW's Flagship Brand Vows Faster Turnaround With Electric Cars

Volkswagen AG’s main car brand pledged to speed up turnaround efforts and accelerate a push into electric cars as cost cuts and an expanding lineup of sport-utility vehicles help boost profit. The namesake VW brand will initially develop five all-electric models, taking on Tesla Inc. with its coming I.D. vehicle range, it said Thursday at a press conference at its headquarters in Wolfsburg. The push will be aided by rising profit margins, which are now targeted to reach between 4 percent and 5 percent of sales in 2020, up from a previous estimate of at least 4 percent.
Source: Bloomberg

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Video: Santa Rosa Car Dealership Honoring Families of Veterans after North Bay Fires

When people in the North Bay fire zone use the phrase, "Sonoma Strong," they do not do so lightly. The words echo from blackened open spaces to the remains of Coffey Park to every corner of the county. Manly Honda business manager Beejan Roohian heard about veterans and descendants of veterans who had lost honor boxes of flags and medals. He, and the dealership, set out to make it right. "To me it is an honor. They gave their lives to protect this country so why not do something form them," Roohian said.
Source: ABC 7 (KGO-TV San Francisco)

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NADA Show News
NADA Show 2018 Announces Schedule for Educational Workshops

The NADA Show’s educational workshops -- which include employee recruiting and retention, fixed operations (parts and service), variable operations (sales), digital and traditional marketing, legal and regulatory issues and more -- allow dealers, dealership managers and industry experts to work towards actionable solutions to the challenges in all areas of the dealership.

Click here for the full schedule of educational workshops.
Now is the time to look over the schedule and plan accordingly. Workshops can be searched by track, date, topic and speaker in the advanced search feature. The 2018 NADA Show runs from Thursday, March 22, to Sunday, March 25, in Las Vegas.
Source: NADA Blog

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Quotable
"We expect 2018 to be a robust year."

    -- NADA Chairman Mark Scarpelli, who announced NADA's 2018 sales forecast of 16.7 million new cars and light trucks during an interview on CNBC's "Squawk Box," Dec. 1

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