NADA Headlines - 06/12/2017 (Plain Text Version)

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New-Vehicle Down Payments Reach a Near Record in May

Higher prices, higher interest rates, negative equity at play

The average down payment on new vehicles reached a near-record high in May, data from Edmunds show. The average new-vehicle down payment jumped to $3,801 in May, up 6.5 percent from a year earlier and up 15 percent from May 2012, Edmunds said this month. Rising interest rates and the market's shift to light trucks may have contributed to the increase.
Source: Automotive News

Chevy Bolts to be Available Across Nation by August

If you've been waiting for a Chevy Bolt, you should be able to buy one before the end of the summer. Chevrolet has released an updated schedule showing that the Bolt, General Motors' extended-range plug-in electric vehicle and its most direct challenge yet to upstart Tesla Motors' ambitions, will be available nationwide in August, about a month ahead of schedule, according to GM. In order to sell Bolts, dealers will have to have a DC fast charger, which "provides up to 90 miles of range in about 30 minutes of charge time," according to GM.
Source: Detroit Free Press
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Ford Wants Service Bays to be Ride-Share-Ready

Ford believes ride-sharing will necessitate big change

Ride-sharing fleets could radically disrupt dealership service centers in the coming years, according to a high-ranking Ford Motor Co. mobility executive. The automaker believes repair shops will need to move at a much faster pace to plan both routine and unscheduled maintenance for ride-sharing fleets. That could include same-hour service or staying open all night for certain shops near cities.
Source: Automotive News
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Jaguar Land Rover Takes a Stake in Ride-Share Operator Lyft

Jaguar Land Rover, owned by India's Tata Motors, is the latest automaker to take a stake in Lyft, as the ride-share operator continues to expand partnerships with automakers and tech firms. With this deal Jaguar Land Rover's mobility services business, InMotion, invests $25 million in Lyft. The move will allow InMotion to develop and test mobility services including autonomous-drive vehicles with Lyft. In addition Jaguar and Land Rover will supply some Lyft drivers with vehicles.
Source: CNBC
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OSHA Kicks Off Safe + Sound Week Today

As a partner with the Occupational Safety and Health Administration, NADA is encouraging its members to participate in OSHA’s Safe + Sound Week, which runs from June 12-18, 2017.

What Is Safe + Sound Week? 
A nationwide event to raise awareness and understanding of the value of safety and health programs that include management leadership, worker participation and a systematic approach to finding and fixing hazards in workplaces.

Why Participate?
  Safe workplaces are sound businesses. Successful safety and health programs can proactively identify and manage workplace hazards before they cause injury or illness, improving sustainability and the bottom line. Participating in Safe + Sound Week can help get your program started or energize an existing one.

Who Is Encouraged to Participate?
  Organizations of any size or in any industry looking for an opportunity to show their commitment to safety to workers, customers, the public or supply chain partners should participate.

How to Participate?
  Participating in Safe + Sound Week is easy. To get started, select the activities you would like to do at your workplace. Some organizations might want to host a public event. Examples of potential activities and tools to help you plan and promote your events are available. After you've completed your events, you can download a certificate and web badge to recognize your organization and your workers. Click here for more details.
Source: OSHA/NADA
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