View Web Version

SPONSORED BY
NADA.org
December 7, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
NADA Grassroots Efforts Lead Senate Tax Bill Amendment
Family Businesses Worry the Tax Overhaul Will Hurt Them
California Wildfires Smoke Out Sales, Service Work
Nissan Brings 'Star Wars' to Dealerships
Ford's New Trends Report Shows That Consumers Are Anxious Despite Economic Gains
Former Volkswagen Manager Oliver Schmidt Gets 7 Years in Diesel Emissions Cheating Scandal
Ford Makes Room for New Self-Driving Vehicle, Moving EV Production to Mexico
These Are the 15 Safest Vehicles You Can Drive in 2018, IIHS Says
How to Hunt for the Best Car Deals in December
The Hot New Cars and SUVs at the Los Angeles Auto Show
Top Stories
NADA Grassroots Efforts Lead Senate Tax Bill Amendment

The government regulation process is forever fluid and unpredictable, but auto dealers caught a break with the Senate’s new tax reform bill ... Before Saturday’s bill approval, the NADA and dealers everywhere were concerned about proposed limits on tax deductions ... The NADA led a grassroots effort to prevent this original bill from going into effect ... The grassroots campaign was so compelling that [Kentucky Senator Rand] Paul’s representative, Sergio Gor, commented on the number of constituents that reached out regarding the contested provision. Dealers in Kentucky made the case that the proposed legislation would negatively impact the industry and a lot of Kentucky jobs tied to dealerships. In the end, the amendment was included.
Source: CBT News

[back to top]

Family Businesses Worry the Tax Overhaul Will Hurt Them

Family-owned businesses including grocery stores, craft shops, small manufacturers and others are worried tax legislation in Congress could leave them at a disadvantage to big corporations and other competitors.

At issue for these businesses is their structure as trusts, established to preserve an enterprise for succeeding generations, protect against estate taxes or a divorcing spouse or other claimants who might try to seize a stake. Some family-owned firms say the Senate version of the tax bill holds risks for them because it excludes trusts from a new tax deduction…

Tax writers in the Senate crafted the bill in a way that prevents trusts and estates that operate businesses from reaping the benefits of new low business tax rates. Republican tax writers haven’t explained their motives, but the move could save billions.
Source: The Wall Street Journal

Editor’s note: NADA is a member of a coalition dedicated to advocating for the fair treatment of pass-through entities in tax reform and will continue to work on this issue in the tax reform conference. For more information, please email the NADA Legislative Affairs staff at legislative@nada.org.

[back to top]

California Wildfires Smoke Out Sales, Service Work

From the rear window of the Galpin Premiere Collection in Southern California, you can see fire, smoke and flames. The dealership sits less than 2.5 miles from the raging fire near the exclusive Bel Air area. It ignited just before 5 a.m. Wednesday. "It's been a heck of a morning for us," said Galpin COO Beau Boeckman. "I woke up at 5-something this morning and literally saw flames out my bedroom window -- we're that close. I live 50 yards from it."
Source: Automotive News

[back to top]

Nissan Brings 'Star Wars' to Dealerships

It’s beginning to look a lot like Christmas for Nissan will resemble a fictional galactic battlefield. “We’re trading in Santa for ‘Star Wars,’” said Jeremy Tucker, the Japanese brand’s vice president-marketing communications/media, describing Nissan’s tie-in with “Star Wars: The Last Jedi,” a movie that debuts in theaters Dec. 15.

Nissan did a previous promotion with the “Star Wars” franchise, but that was primarily a corporate campaign focused on only the Rogue SUV. Now, the automaker is extending its tie-in to the entire Nissan galaxy, including 1,100 U.S. dealers and the other vehicles in its lineup.

“It’s not just about window dressing and selfie moments,” he said during a presentation, “How to Drive Consumer Impact with Fully Integrated Marketing,” at a J.D. Power/National Automobile Dealers Association conference ahead of the Los Angeles auto show.
Source: WardsAuto

[back to top]

Ford's New Trends Report Shows That Consumers Are Anxious Despite Economic Gains

It's an irony that some will blame on Donald Trump, others on social media, others on jihadists, and still others on Kim Jong-Un: The world is a more prosperous place than it was a year ago, but 54% of adults surveyed recently by Ford feel more stressed out than a year ago. The strange but evident juxtaposition of strengthening economies with growing anxieties is one of the interesting insights in Ford's sixth annual trends report, which is honchoed by staff futurist Sheryl Connelly. She uses a big global survey of consumers to inform her opinions and then shapes a trends report which the company started sharing publicly in 2012.
Source: Forbes

[back to top]

Former Volkswagen Manager Oliver Schmidt Gets 7 Years in Diesel Emissions Cheating Scandal

A federal court judge in Detroit sentenced a former Volkswagen manager Wednesday to 7 years in prison and ordered him to pay $400,000 in the company's massive diesel emissions cheating scandal, but Judge Sean Cox made clear that justice has not yet been served. Cox described the ex-manager, Oliver Schmidt, as an opportunist and a significant player in Volkswagen's attempted cover-up.
Source: Detroit Free Press

[back to top]

Ford Makes Room for New Self-Driving Vehicle, Moving EV Production to Mexico

Just months after Ford cancelled plans to build a plant in Mexico and not move some vehicle production south of the border, the automaker says it plans to shift future production of an electric vehicle from Michigan to Mexico. The move is part of a larger plan to free up production space at the automaker's plant in Flat Rock, Michigan so it can build its first autonomous-drive vehicle. That vehicle, will be a gas-electric hybrid model capable of operating 20 hours a day.
Source: CNBC

[back to top]

These Are the 15 Safest Vehicles You Can Drive in 2018, IIHS Says

Fifteen cars and SUVs have earned the highest honors from the Insurance Institute for Highway Safety despite stiffened requirements for 2018. After IIHS decided to require better headlights and a solid performance on a new crash test to receive the "Top Safety Pick Plus" designation, only 12 cars and three sport-utility vehicles received the award in the organization's first round of ratings. Another 47 vehicles earned "Top Safety Pick" honors. Both lists are likely to grow as more vehicles are evaluated.
Source: USA Today

[back to top]

How to Hunt for the Best Car Deals in December

Shoppers who missed out on Black Friday sales can hit a restart button when it comes to sweet car deals in December. The ads might be labeled as a "Year-End Sales Event," "Holiday Sale" or "December to Remember," instead of Black Friday. But many rebates and special incentives are at their best levels of the year now and some regional incentives could be added before Dec. 31, according to Brad Korner, general manager of Cox Automotive Rates & Incentives in Ann Arbor. Cox owns car-shopping websites including Kelley Blue Book and AutoTrader. "You're going to see a lot of these go away in January," predicted Korner.
Source: Detroit Free Press

[back to top]

The Hot New Cars and SUVs at the Los Angeles Auto Show

The Los Angeles Auto Show is in full swing and automakers are showing off new updates of hot-selling vehicles and the debut of a batch of sexy new cars, SUVs and trucks. Take a look at some of the most interesting vehicles we have seen.
Source: USA Today

[back to top]

 
Quotable
"The fires are pretty intense right around us. We haven't had to close our facilities, but we have had several employees impacted by it. The smoke is so intense. We're in the middle of it. It's a ring of fire."

    -- Brian Allan, senior director of Galpin Motors Inc. in North Hills, Calif., Automotive News, Dec. 6

Sponsored by



MyDealership.org Videos




 
 
NADA Webinars
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.