NADA Headlines - 01/25/2018 (Plain Text Version)
Johan de Nysschen, Bill Fay and Jim Farley Slated for NADA / J.D. Power Automotive Forum in NYC on March 27
NADA, J.D. Power and the New York International Auto Show invite you to attend the 2018 Automotive Forum in NYC on Tuesday, March 27.
Auto industry speakers include Johan de Nysschen, president of Cadillac; Bill Fay, senior vice president of automotive operations at Toyota North America, U.S.A.; and Jim Farley, president of global markets at Ford Motor Company, as well as economists and analysts and several panel sessions. Click here for the full agenda.
About 500 automotive and allied-industry professionals are expected to attend. The full-day forum will be held at the Grand Hyatt New York.
Attendees will receive a continental breakfast, two networking breaks, lunch, reception and tickets to the auto show during press days on March 28. The $100 early-bird discount ends Feb. 2. Seating is limited. To register, visit www.autoforumny.com.
Share a video on Facebook, Instagram or Twitter and include the hashtag #WomenInAutomotive for the chance to win an Apple Watch.
While women currently represent about 19 percent of new-car dealership employees in the U.S., there’s never been more opportunities for women to create lasting, impactful careers in the retail-auto industry.
Talks are aimed at preventing a legal battle over future environmental regulations on cars and trucksCalifornia regulators and Trump administration officials met to discuss for the first time the prospect of controversial changes to vehicle-emissions rules, a significant step in complex negotiations aimed at preventing a legal battle over future environmental regulations on cars and trucks. Mary Nichols, head of the California agency that sets tailpipe emissions rules that are followed by many other states, traveled to Washington Monday to meet with U.S. officials about the regulations, said people familiar with the matter.
Source: The Wall Street Journal [return to top]
Bipartisan legislation to promote safe development of autonomous vehicle technology remains stalled in the Senate over safety concerns from three Democrats, Commerce Committee Chairman John Thune said Wednesday ... Thune said he has talked with Majority Leader Mitch McConnell about scheduling floor time for a vote or hitching autonomous vehicle legislation to, for example, a potential infrastructure bill. A stand-alone vote could require up to a week of Senate time to go through procedural steps, but the Senate's priorities in the next month include passing government funding and an immigration bill. Thune said he hopes to accommodate the issues raised by the three Democrats "as long as it doesn't move it too far into a more regulatory, sort of heavy government direction."
Lawmakers in the U.S. Senate touted “careful” bipartisan legislation they are considering to allow automakers to sell thousands of self-driving cars on Wednesday during a field hearing at the Washington auto show. The hearing, organized by the Senate Commerce, Science and Transportation Committee, provided an opportunity for lawmakers to speak to a largely friendly audience of D.C. auto show attendees who are mostly supportive of self-driving cars. The assembled panel was free of safety advocates who have raised questions about the wisdom of rushing to give automakers wide latitude to test and sell self-driving cars.
Following a public comment period, the Federal Trade Commission has approved a final consent order settling deceptive advertising charges against a dealership in Dallas. According to the FTC’s December 2017 complaint, in full-page Spanish-language newspaper ads, the dealership misrepresented the cost of purchasing or leasing cars, qualifications or restrictions for financing or leasing cars, and the availability of cars, in violation of the FTC Act. The dealership also failed to disclose credit or lease terms required under the Truth in Lending Act (TILA) or the Consumer Leasing Act (CLA) when they touted certain “triggering” terms of the credit or lease, such as the monthly payment. The complaint also alleged that favorable terms were prominently stated in Spanish in the ads, with material limitations to those terms provided only in fine-print English at the bottom.
So you’ve received a Civil Investigative Demand (CID) from the Federal Trade Commission related to a consumer protection matter. Now what? We appreciate that it can be daunting for any company – especially a small business – and we want to be as transparent as possible about the process. Here are questions we’ve heard from businesses that have received CIDs and answers we hope shed some light on our procedures. (By the way, these FAQs apply to CIDs about FTC consumer protection investigations. The process may be different for FTC competition matters, which relate to antitrust laws.)
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).
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.