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December 13, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Former NADA Chairman Forrest McConnell Testifies at House Committee Hearing on CAFE/GHG Standards
Electric Car Viability Debated Amid Trump MPG Review
Dealers Still Optimistic on Pre-Owned Car Sales
Toyota Sees Half of Sales Coming From Hybrids, EVs
Detroit Auto Show to Feature Cybersecurity, Saudis, Tech Job Fair, Chao, Cool Cars
Top Stories
Former NADA Chairman Forrest McConnell Testifies at House Committee Hearing on CAFE/GHG Standards


Former NADA Chairman Forrest McConnell testifies at a U.S. House subcommittee hearing on CAFE/GHG standards on Dec. 12, 2017.


WASHINGTON – The Subcommittee on Digital Commerce and Consumer Protection, chaired by Rep. Bob Latta (R-Ohio), and the Subcommittee on Environment, chaired by Rep. John Shimkus (R-Ill.), teamed up for a joint hearing on the Corporate Average Fuel Economy Program (CAFE) and greenhouse gas (GHG) standards set for motor vehicles and their impact on innovation, jobs and consumer choices.

Former NADA Chairman Forrest McConnell and president of McConnell Honda and Acura in Montgomery, Ala., brought up the importance of consumer choice, “Congress got it right the first time by not having a patchwork. You want to consider affordability to customers, and their consumer choice. They get the car that fits their needs. This is the customer’s money. A regulator can demand a certain car gets built, but a customer has the right to spend his money on what fits him.”

A background memo, witness testimony, and an archived webcast can be found online here.
Source: House Energy and Commerce Committee

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Electric Car Viability Debated Amid Trump MPG Review

Lawmakers in the U.S. House of Representatives debated Tuesday whether there is enough demand for electric cars to help automakers meet ambitious gas-mileage rules that require them to produce fleets that average more than 50 miles per gallon by 2025. “Was it not assumed there would be a far higher penetration in the market of electric vehicles?” asked U.S. Rep. Debbie Dingell, D-Mich.
Source: The Detroit News

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Dealers Still Optimistic on Pre-Owned Car Sales

Dealers are still feeling relatively optimistic about their user-car operations. And for independents, in particular, they’re starting to see some relief from supply shortages — albeit in the form of pricier units. As part of the fourth quarter Cox Automotive Dealer Sentiment Index, franchised and independent dealers were asked for their thoughts on the current used-car sales environment. In general, the feeling was slightly less optimistic than it was in the third quarter, but not drastically so — and, by the way, it's still above average.
Source: Auto Remarketing

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Toyota Sees Half of Sales Coming From Hybrids, EVs

Akio Toyoda projects selling about 5.5 million hybrid and electric vehicles by 2030

Toyota Motor Corp.’s president on Wednesday became the latest auto chief to offer ambitious targets for hybrid and electric vehicles, saying the category would make up half of Toyota’s global sales by 2030. Akio Toyoda unexpectedly disclosed the target at a news conference where he announced cooperation on battery technology with Panasonic Corp.
Source: The Wall Street Journal

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Detroit Auto Show to Feature Cybersecurity, Saudis, Tech Job Fair, Chao, Cool Cars

January's Detroit auto show will feature "the entire automotive ecosystem," from the unveiling of the new Rolls Royce Phantom and a Blackberry cybersecurity product to the Saudi national oil company's first appearance at the show and a keynote from the U.S. Transportation Secretary Elaine Chao. The North American International Auto Show, with media and industry days the week of Jan. 14 and opening to the public Jan. 20, should have about 40 global or North American vehicle debuts, Rod Alberts, executive director of the show, told the Free Press on Tuesday. He said that number could rise in the next few weeks.
Source: Detroit Free Press

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Quotable
"You want to consider affordability to customers, and their consumer choice. They get the car that fits their needs. A regulator can demand a certain car gets built, but a customer has the right to spend his money on what fits him."

    -- Forrest McConnell, former NADA chairman, testifying at a U.S. House subcommittee in support of one national fuel economy standard, Dec. 12

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