NADA Headlines - 07/11/2017 (Plain Text Version)

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Save the Date: NADA Show 2018 Returns to Las Vegas March 22-25

NADA Show 2018 (formerly the NADA Convention & Expo) returns to Las Vegas for four days running from Thursday, March 22, to Sunday, March 25.


 
“The NADA Show provides one of the best networking opportunities in the industry—from attending the dealer-franchise meetings and workshop sessions to shopping for the latest products and services in the exhibit hall,” said Richard Stephens, NADA Show committee chairman. “Attendees will be among the first in the industry to see what’s new and what’s next in automotive retailing.”

The keynote speakers will be announced soon.

Online registration for dealers and their managers, which includes an early-bird discount and hotel selection, opens Oct. 2, 2017. Learn more at www.nadashow.org.
Source: NADA

House Panel to Unveil Self-Driving Car Legislation Soon

U.S. House Republicans expect to introduce bills later this week that would bar states from setting their own rules for self-driving cars and take other steps to remove obstacles to putting such vehicles on the road, a spokeswoman said. The legislative action comes as major automakers are joining forces with auto suppliers and other groups to prod Congress into action.
Source: Reuters
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Auto Imports from Mexico Keep Climbing Despite Trump's Threats

Almost six months after Donald Trump was sworn in as president and threatened to penalize automakers who import cars and trucks from Mexico, the flow of vehicles from south of the border has picked up momentum. New data from the Mexican Automobile Industry Association shows the country exported 1.16 million vehicles to the U.S. in the first half of 2017, an increase of 15.6 percent compared with the same time frame in 2016.
Source: CNBC
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New CFPB Rule Prohibits Lenders from Forcing Arbitration

The Consumer Financial Protection Bureau on Monday banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits. The rule could have a wide-ranging impact on major financial services providers, including automaker's captive finance units and other auto lenders.
Source: Automotive News
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Love for SUVs and Pickups Surge to Record High

Once you drive an SUV, the odds are pretty good the next vehicle you buy will be an SUV. A new study by IHS Markit found that two-thirds of the owners of SUVs and CUVs (crossover utility vehicles) who bought another vehicle between January and April in the years since 2012 made the next purchase an SUV or crossover.
Source: CNBC

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'Auto Therapy' Class Funded By SoCal Car Dealers Helps Troubled Youth

An auto shop class funded by local car dealers is making a difference for young men who’ve had more than their share of struggles. Brian Kies is a teacher at the student auto shop on campus at Optimist Youth Homes & Family Services in Highland Park [Calif.] The school is a home and a high school that specializes in outreach to teens who’ve faced serious challenges. “We try to teach them a little bit of discipline. A little bit on interaction with other people … and a whole lot about cars,” Kies said. This auto shop is funded by a donation from the Greater Los Angeles New Car Dealers Association.
Source: CBS Affiliate (Los Angeles)
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