#DealersDoGood Friday
Each Friday, AIADA highlights dealers who are doing great things in their communities. If you know of a dealer or dealership who should be highlighted for their community outreach efforts, let us know here, or spread the word on social media by tagging @AIADA_News and using the #DealersDoGood hashtag.
Price Simms Family Dealership Group in California’s Bay Area, has made a generous donation of $100,000 to The Salvation Army to support the nonprofit’s disaster relief efforts. The $100,000 gift will be split between the North, South and East Bays in Northern California. Included in the areas this gift will support are The Salvation Army of Napa and The Suisun City Salvation Army Kroc Center. In Napa, The Salvation Army Napa Valley Culinary Training Academy has helped provide meals to wildfire evacuees, first responders and those struggling to make ends meet due to COVID for more than 200 consecutive days. Read the company’s press release here.
Burns Kull Automotive Group’s Marlton, New Jersey, locations participated in Breast Cancer Awareness Month. Efforts were spearheaded by Jim McCormick at Burns Honda and Peter Lanzavecchia at Burns Buick GMC, Burns Hyundai and Genesis. The dealerships made a donation for cancer research through the combined efforts of the dealerships with the support of their vendors for over $9,000 to the Pink Rose Teal Magnolias - The Cooper Foundation towards breast cancer research and awareness. Click here for pictures from their recent even where they presented a check to the Cooper Foundation.
Calif. Air Regulators See State Auto Emissions Deal as 'Template' for Biden
Automotive News reports that California Air Resources Board Chair Mary Nichols, who sources say could be the next federal environment chief, said on Thursday her state's agreement with major automakers for fuel efficiency requirements could serve as a "good template" for federal standards through 2025. The Trump administration in March finalized a rollback of U.S. Corporate Average Fuel Economy standards to require 1.5 percent annual increases in efficiency through 2026, well below the 5 percent yearly boosts in Obama administration rules it discarded. California and other states have filed suit to challenge the rollback. Automakers including Ford Motor Co., Honda, and Volkswagen Group struck a compromise deal with the state that falls between the Trump administration and Obama-era requirements. Many automakers are bracing for a lengthy court or regulatory fights over tougher standards that they say could cost them billions of dollars. Read more here (Source: Automotive News).
Honda Set to Debut 2022 Civic on Twitch Streaming Service
In this year of pandemic, automakers have been looking for new ways to launch new products and Honda will turn to streaming service Twitch to introduce the 2022 Civic next week, reports The Detroit Bureau. While sedans have lost a lot of momentum over the last several years, the 2022 Honda Civic will be a critical offering for the Japanese automaker and it is betting that Twitch will give it access to the “young, first-time and multicultural consumers” that make up the bulk of Civic buyers. Honda released some new images today to tease the 11th-generation Civic. But we’ll have to wait until Tuesday, Nov. 17, for full details. The debut event will take place on the Honda Head2Head Twitch channel, starting at 8 p.m. EST, the formal unveiling scheduled for 9:45 p.m. The event will feature Grammy-nominated recording artist Cordae. Read more here (Source: The Detroit Bureau).
Federal Judge Orders Release of PPP Loan Information
A federal judge in Washington, D.C., has ordered the U.S. Small Business Administration to disclose detailed information about the $659 billion Paycheck Protection Program (PPP) loans by November 19, reports Small Business Trends. The decision was in response to a lawsuit filed in May by several news organizations under the Freedom of Information Act (FOIA). The suit requested the Small Business Administration (SBA) to release records that would provide basic information, including borrowers’ names and precise loan amounts, about private businesses that received PPP loans. The judge’s ruling also includes Economic Injury Disaster Loans (EIDL) loans. The plaintiffs filed the suit to determine if the funds were going to qualified businesses, not large corporations. Experts say that could deter fraud and abuse in a future round of PPP loans approved by Congress, according to the Portland (Ore.) Business Journal. Read more here (Source: Small Business Trends).
Millennials Will Lead Car-Buying Boom in Next 6 Months, EY Says
Millennials will lead the car ownership boom over the next six months, as the world continues to reel from the impacts of the pandemic on personal mobility, reports Automotive News. There is a growing trend toward personal car ownership as a result of COVID-19, and people ages 24 to 39 will lead the push, according to consulting group EY's 2020 Mobility Consumer Index, released Thursday. Millennials will represent 45 percent of the nearly one-third of people without a vehicle who intend to buy one in the next six months, the study predicts. "The COVID-19 pandemic is reshaping the marketplace," John Simlett, EY global future of mobility leader, said in a statement. "Millennials leading the increase in global car ownership would have been unthinkable a year ago, particularly in terms of buying non-electric cars. The industry should recognize that there is a new market out there that didn't exist until very recently." Read more here (Source: Automotive News).
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