GW Blog

Are cars subject to the same cybersecurity risks as baby monitors?

Last week Twitter, Spotify and Reddit, and a huge swath of other websites were down or screwed up. This happened as hackers unleashed a large distributed denial of service (DDoS) attack"  on the servers of Dyn a major DNS host. It’s probably safe to assume that the two situations are related.

Tags: 
iot
cyber security

More bad news for Fiat Chrysler Ordered to Face Dealerships Antitrust Suit

Fiat Chrysler Automobiles NV’s U.S. unit has been accused that it pushed dealers to submit fraudulent sales numbers to prop up the carmaker’s share price.

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fiat chrysler
chrysler

Are regulations pricing cars out of the consumer's reach?

   

DETROIT (Oct. 5, 2016) - NADA Chairman Jeff Carlson on Wednesday sounded another warning to Washington, D.C., about implementing policies that would inadvertently make buying, financing, trading-in, and servicing cars and trucks harder and more expensive for consumers.

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automobile prices
regulations
NADA policy

New IRS Regulations will affect Auto Dealership Values

 

In August, the IRS issued proposed regulations under IRC section 2704 that are intended to disallow or significantly curtail many valuation discounts used in estate planning. Learn about the impact of the new regulations on valuation reports and on intra-family transfers of dealership stock.  Last month, we wrote about this after seeing it from a CPA friend,

NADA testifies on Capitol Hlll about CAFE Standards.

Last week, Peter Welch, President of the National Automobile Dealers Association (NADA) urged lawmakers and regulators to keep the issue of affordability at the forefront of the debate over increasing fuel-economy standards for new cars and trucks.

 

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CAFE standards
auto affordability
fuel standards

NADA Louisiana Flood Relief

Over 1500 dealership employee families from new car dealerships in Baton Rouge, Lousiana and the surrounding area have been frooded out of their homes and need financial assistance. NADA is accepting donations through its Emergency Relief Fund.  

 

Please make a tax deductible contribution to the fund, or send a check, payable to NADCF Emergency Fund

NADCF

8400 Westpark Drive

Tysons, VA  22102

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Lousiana Flood
NADA Emergency

JD Power - Auto Sales Trends down 5.2% in August

auto sales decline

 

 

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us auto sales
car dealerships

EPA introduces stricter gas mileage standards for big rigs

stricter gas mileage standards for big rigs

The transportation industry has eclipsed the power industry for carbon pollution.  Thus, new regulation introduced by the Environmental Protection Agency seeks to reduce emissions from big rigs.  The EPA and US Transportation Department issued regulations that require trucks to become more fuel efficient through 2027.  This has been a key policy goal of President Obama.

Tags: 
epa standards
54 mpg
car sales

The Connected Car - 55% of all cars sold in 2020 will be connected

A recent IHS survey says that 55% of new vehicles sold globally by 2020 will be connected. This will result in nearly half of all vehicles in operation will be connected.  The IHS defines "Connected" as advanced driver assistance systems (ADAS), smartphone integration, telematics, infotainment, remote vehicle controls, WI-FI, and autonomy.  In the IHS survey, the IHS learned that consumers crave connectivity in their vehicle.

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connected car
autonomous

Has the auto market peaked? A good time to sell a dealership.

In a recent Auto News article, "Worry grows as stair-steps get steeper, it appears that auto manufacturers are increasing pressure in keeping sales activity high to preserve market share.  Many dealers are concerned about the manufacturers stair-step incentives which push sales targets out of reach.  In fact, in a recent NADA survey, 64% of all dealers who responded said that they disliked stair-steps.

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stair steps
auto dealerships

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