Cars Most Likely to Be Involved in Accidents

First Up 05/19/17

Ryan: Tax Reform is Happening in 2017 
Speaker Paul Ryan on Thursday doubled down on a vow to reform the tax code this year, reports Politico. Ryan’s timeline, however, is optimistic, to say the least. Republicans in January, for instance, initially thought they’d get an Obamacare repeal bill to the president’s desk by mid-April. It’s now mid-May and the bill has yet to get far in the Senate. During his news conference, Ryan also gave a full-throated endorsement of his controversial border adjustment tax proposal, which essentially hikes taxes on imports in an attempt to get companies to keep their headquarters in the U.S. The White House and Senate have been extremely lukewarm to the idea, which is intended to free up $1 trillion to lower tax rates for businesses and individuals but could drive up the price of goods when businesses pass the tax on to consumers. Click here to find out why AIADA opposes the tax. For more on yesterday’s tax reform hearing and Speaker Paul Ryan’s plan to push tax reform through this year, click here.

Four Automakers Agree to Settlement to Resolve Takata Claims 
Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, according to court documents filed on Thursday. According to Automotive News, Toyota Motor Corp.'s share of the settlement costs is $278.5 million, followed by BMW AG at $131 million, Mazda at $76 million, and Subaru Corp. at $68 million. Lawsuits against Honda Motor Co., Ford Motor Co., and Nissan Motor Co. have not been settled, lawyers said. The settlement includes an outreach program to contact owners; compensation for economic losses including out-of-pocket expenses; a possible residual distribution payment of up to $500; rental cars for some owners; and a customer support program for repairs and adjustments, including an extended warranty. For more on a settlement to resolve Takata claims, click here.

Trump Administration to Renegotiate NAFTA 
President Donald Trump’s administration has notified Congress that it intends to renegotiate the North American Free Trade Agreement, which begins ticking down a 90-day window before the president can press for changes to the trade deal or withdraw from it completely. According to The Detroit News, any changes to NAFTA, enacted in 1994 to create a free-trade zone between the U.S., Mexico, and Canada, will quickly reverberate in the U.S. auto industry. Renegotiating NAFTA was a central tenant of Trump’s campaign. The new president has promised to improve economic conditions in the nation by withdrawing the U.S. from trade deals that he says are unfair to workers. For more on President Trump’s plan to renegotiate NAFTA, click here.

Cars Most Likely to Be Involved in Accidents 
According to the National Safety Council, there are more than 27,000 car accidents each and every day in the United States. Nobody is seriously injured in the majority of these crashes, but the vehicles definitely sustain damage, and not all of that damage is reported to insurance agencies or repaired, reports Autoblog. Most accident damage is "typically reported by an insurance agency or body shop," while other times "visible paintwork or damage was highlighted by an inspector, but un-flagged by a vehicle history report." So, the crew at Wikilender.com put together a list of the vehicles most likely to be involved in car crashes, and they separated the results by incidents that were or were not reported. Autoblog is featuring the list. The results may surprise you. Click here to get started.

Auto Dealers Who Master New Rules Will Win 
More than 40 percent of shoppers don’t contact a dealership before their visit. Yet, they come armed to the teeth with information from online sources. The auto industry works hard to understand consumers, including why, where, when, and how they shop. The problem is consumers keep changing the rules, writes john Clavadetscher of Cars.com in a WardsAuto piece. Today, multi-device, multi-touch shoppers are relying on an ever-changing mosaic of touch points and devices that influence their behavior from the moment they think about buying a car to the moment they drive off the lot in one. Consumers live in an omnichannel world. As a result, automotive marketers must adopt metrics that are multi-dimensional. Cars.com research shows 43 percent of shoppers don’t contact a dealership before they visit one. Yet, they come in armed to the teeth with information and insights from multiple online resources. To win with today’s informed consumer, dealers need to learn the new rules of attribution. Click here for more.

Around the Web

7 States Where Consumers Pay the Highest Gas Prices [USA Today

Spy Shots: 2018 Aston Martin DB11 Volante [MotorAuthority

Nissan Teases Next-Gen Leaf [Autoblog]

5 Crazy Fast Electric Cars [Business Insider

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