GNYADA May 2018 Newsletter

To read these stories and get the latest news online, visit the GNYADA website at www.gnyada.com

For Dealer Principals / General Managers / Sales Managers The Newsletter A Publication of Greater New York Automobile Dealers Association

MAY 2018 Volume 28, Issue 2

1 New York Auto Show Bucks Trends 118-year-old institution has one of its biggest shows in history

HIGHLIGHTS

NADA Director’s Column page 3

Rules for Vehicle In-Transit Permit page 4

EPA to Revisit 2012 Greenhouse Gas Standards page 5

NY Rules for Interns page 6

We’ve heard the so-called experts who say auto shows are no longer viable. They say the steam is running out on these over 100- year-old events. They argue that baby boomers have less need for vehicles as they go into retirement, that millennials are more interested in their phones than their cars, and that everyone is looking forward to self-driving cars and car sharing rather than owning their own vehicles. Well, the 2018 New York Auto Show just proved them all wrong! This year’s Show was one of the highest- attended New York Auto Shows in its 118- year history, with a 14% jump in public attendance from 2017. Debuting more than 60 world and North American vehicles, attracting over one million visitors, and fea- turing all major manufacturers, North America’s first and largest-attended auto show debunked all those statements that auto shows’ best days are in the past. Whether attendees were in the market for a

new vehicle or simply window shopping for the sports car of their dreams, this year’s Show had something for everyone. From sedans and crossovers to hypercars and lux- ury vehicles, this year’s NYIAS featured a number of important new car debuts cover- ing nearly every segment. This year’s theme, “Forward Fast”, was cre- ated to tell the story of the automotive industry’s rapid technological acceleration. Show attendees got a glimpse of the most innovative and technologically advanced vehicles the world has to offer. Most importantly, according to early reports, a large number of Auto Show visi- tors indicated that they are in the market to buy or lease a vehicle within the next 12 months. Complete stats and attendee profile analysis will be included in the 2018 Show’s Year in Review to be distributed to members later this spring. (continued on page 2)

When Something Smells Phishy: Steer Clear of Fraud page 7 How Will the Tax Cuts and Jobs Act (TCJA) Affect Dealers? page 8 Buyers Prefer to Close the Deal at Dealerships page 11 The Newsletter is published by GNYADA, a not-for-profit organization representing franchised automobile dealers in the New York metro area. 18-10 Whitestone Expressway Whitestone, New York 11357

Dealer Hotline 718.746.5900

www.gnyada.com

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Greater New York Automobile Dealers Association • www.gnyada.com

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