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Inside this issue
WSJ Commentary: The CFPB Has Pushed Its Last Envelope
Trump’s NAFTA Partners Stand Their Ground Against New Auto Rules
U.S. Senate Looks for Way Out of Gridlock on Self-Driving Car Bill
How Chinese Carmaker GAC Motor Plans to Enter U.S. Market in 2019
Deadline to Use the Revised Buyers Guide Is Fast Approaching – NADA Webinar Recording Available
NADA Seminar: Advanced Parts Management -- Feb. 19-23 in Tysons, Va.
Top Stories
WSJ Commentary: The CFPB Has Pushed Its Last Envelope
By Mick Mulvaney

We will exercise our power with humility and prudence to enforce the law faithfully.

The CFPB has a new mission: We will exercise, with humility and prudence, the almost unparalleled power Congress has bestowed on us to enforce the law faithfully in furtherance of our mandate. But we go no further. The days of aggressively “pushing the envelope” are over.
Source: The Wall Street Journal

Mr. Mulvaney is director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.

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Trump’s NAFTA Partners Stand Their Ground Against New Auto Rules

The U.S., Canada and Mexico kicked off a crucial round of NAFTA negotiations with little sign of progress on the critical issue of automobiles. As the latest session of North American Free Trade Agreement talks get underway in Montreal, observers say progress must be made to keep U.S. President Donald Trump from following through on his threat to withdraw. Yet Canada and Mexico aren’t arriving with a specific proposal to counter U.S. demands on the auto sector, suggesting a breakthrough is unlikely on one of the foremost disputes in the 24-year-old deal.
Source: Bloomberg

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U.S. Senate Looks for Way Out of Gridlock on Self-Driving Car Bill

The chairman of the U.S. Senate Commerce Committee on Tuesday said he is pursuing different strategies to win approval this year of landmark self-driving car legislation that could make it easier for automakers to get thousands of cars on the road without human controls.
Source: Reuters

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How Chinese Carmaker GAC Motor Plans to Enter U.S. Market in 2019

Dealership and service network planning is being accomplished partially through surveys, though GAC will be present at the National Automobile Dealers Association expo in Las Vegas come March, presumably to find partners willing to adopt a Chinese brand into its network. "Working with dealers would be a main direction," the GAC spokesperson told The Drive about sales channels.
Source: The Drive

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Deadline to Use the Revised Buyers Guide Is Fast Approaching – NADA Webinar Recording Available

Dealers must ensure they are using the revised Buyers Guide on all used vehicles they offer for sale by Jan. 27, 2018. NADA has issued a dealer guide explaining the rule and the revised form, and also recently held the second of two recent webinars on the revised buyers guide. NADA members may access a recording of that webinar at no charge by clicking here. (If you need assistance with your member login credentials, call NADA customer service at 800.557.6232).
Source: NADA

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NADA Seminar: Advanced Parts Management -- Feb. 19-23 in Tysons, Va.

NADA's Advanced Parts Management week-long seminar will be held from Feb. 19-23, 2018, at NADA headquarters in Tysons, Va. NADA instructor Mark Michalski will teach participants how to take their parts department to the next level by improving inventory integrity. Attendees will learn and discuss important topics like parts turn, fill-rate and ways to improve business operations, as well as analyze and discuss their dealership’s performance. Participants will walk away with the tools to make significant process improvements. The key areas covered include Perfecting the Mix, Profit-Centering, Know the Customer Needs, Personnel Techniques, Deep Dive into DMS, Case Study and SWOT Analysis, and Headache Relief – Best Practices. Click here to register. Seating is limited.
Source: NADA

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Quotable
"We are government employees, and we work for the people. That means everyone: those who use credit cards and those who provide the credit; those who take out loans and those who make them; those who buy cars and those who sell them."

    -- Mick Mulvaney, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau, The Wall Street Journal, Jan. 23

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Upcoming NADA Webinars
Jan. 24 – Reclaim Command of Your Digital Marketing (12 pm)

Jan. 31 – Grading Your Wholesale Customer (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.

 
 
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