Industry News

From Today’s NADA headlines

General Motors Third-Quarter Earnings Widely Beat Expectations

General Motors Co. reported much higher-than-expected third-quarter earnings on strong North American truck and SUV sales, blowing past fears that a U.S. market slowdown would dent profitability.
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Fiat Chrysler Q3 Adjusted Earnings Rise 29 Percent, Recall Costs Weigh

Fiat Chrysler Automobiles today reported a 29 percent rise in third-quarter adjusted operating profit and raised its full-year guidance, but recall costs weighed on the company's results.
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NHTSA Issues Nonbinding Guidance on Auto Cybersecurity

NHTSA says cybersecurity should be a top priority of automakers and suppliers that should be formally addressed during the product development process of new vehicles.
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New NADA Study: Employee Wages Rise at New-Car Dealerships

The average annual compensation for employees at new-car dealerships working in all positions was $69,718 in 2015, an increase of 1% from the previous year, according to NADA's 2016 Dealership Workforce Study. Average weekly earnings across all dealership positions were $1,341 in 2015, a 1.4% increase. Millennials now account for 42% of the dealership workforce.  

Note: Dealerships that participated in the study receive the Trends report as well as customized reports. Non-participants can purchase it by calling 800.557.6232. Read more 

NADA Updates Guidance on Wage and Hour Law

The new Dealer Guide to Federal Wage and Hour, Child Labor and Wage Discrimination Compliance (L01) is now available on NADA University Online (username and password are required). It provides franchised automobile and commercial truck dealerships an overview of the federal law on wage and hour, child labor and wage discrimination, along with dealership-specific suggestions for compliance. The guide is available at no charge to NADA and ATD members and for a nominal charge to nonmembers. Log in and download the report 

Updated Guide on OSHA HazCom Standard Released

NADA has updated its dealer guide to the Occupational Safety and Health Administration's (OSHA) Hazard Communication (HazCom) Standard, which requires auto dealerships to provide chemical hazard information to employees who could be exposed to workplace chemical hazards (e.g., service, body and parts personnel).

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