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. And it was determined that […]
Are cars subject to the same cybersecurity risks as baby monitors? Read Post »
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. Napleton’s Arlington Heights Motors in Illinois sued Fiat Chrysler in January, alleging racketeering, violations of antitrust laws and breach of contract. U.S. District Judge Virginia Kendall in Chicago threw out
More bad news for Fiat Chrysler Ordered to Face Dealerships Antitrust Suit Read Post »
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. Carlson, in NADA’s annual policy speech to the Automotive Press Association in Detroit, illustrated a
Are regulations pricing cars out of the consumer’s reach? Read Post »
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
New IRS Regulations will affect Auto Dealership Values Read Post »
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. At the House Energy and Commerce joint subcommittee hearing on the Midterm review for CAFE Standards, Welch
NADA testifies on Capitol Hlll about CAFE Standards. Read Post »
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
NADA Louisiana Flood Relief Read Post »
August U.S. auto sales will be 5.2 percent below a year ago, adding to evidence that the peak of industry sales was in 2015, consultancies J.D. Power and LMC Automotive said on Thursday.”With mixed economic signals, it certainly looks like U.S. auto sales may have peaked in 2015,” said Jeff Schuster, head of
JD Power – Auto Sales Trends down 5.2% in August Read Post »
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.
EPA introduces stricter gas mileage standards for big rigs Read Post »
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 Connected Car – 55% of all cars sold in 2020 will be connected Read Post »
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
Has the auto market peaked? A good time to sell a dealership. Read Post »
