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TAG SEARCH RESULT: NADA

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June 3, 2014

NADA Study: Federal Rules Cost Dealerships More Than $3 Billion Each Year

According to a report commissioned by the NADA, the average dealership incurred $182,754 in costs to comply with federal mandates in 2012.

May 23, 2014

ADTV: NADA on Flats, FIfth Third Investigated

Auto Dealer TV's Jennifer Nebrich reports on the NADA's case against flat fees, while biweekly payment providers unite. Also this week, Fifth Third Bank comes under regulator scrutiny, while California cracks down on the sale of used vehicles with open recall issues.

May 22, 2014

NADA: U.S. Dealers Employ More Than 1 Million People

The number of people employed by the automotive retail industry topped the 1 million-person mark last year, with the average new-car dealership employing, on average, 57 people, the NADA reports.

May 22, 2014

Biweekly Payment Providers Offer Unified Response to NADA Memo

Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.

May 20, 2014

NADA: Flat Fees Do Not Eliminate Discretion

A memo released by the NADA this week states that the CFPB’s proposed method for eliminating fair lending risk in the auto lending arena would do no such thing. Instead, dealers would still have discretion when it comes to selecting a finance source for their customers.

May 13, 2014

NADA Used Car Guide: Wholesale Prices Moderate in April

The NADA Used Car Guide reported this week that wholesale activity steadily returned to normal in April after being impacted by winter storms for much of the first quarter.

May 13, 2014

UPDATED: FTC Probing Biweekly Payment Products, the NADA Warns

Biweekly payment providers continue to react to the memo the NADA issued last week. This week, Economic Advantages Corp. offers its take on the alert.

May 8, 2014

Deadline for NADA-ATD Dealership Workforce Study Extended

The deadline to participate in the 2014 NADA-ATD Dealership Workforce Study has been extended to June 30 to provide members of the NADA and ATD ample opportunity to submit their data.

May 1, 2014

No Customer, No Sale

F&I managers can’t sell to customers they don’t see. The father of the F&I menu provides an action plan for convincing management that every customer must visit the F&I office at the time of sale.

April 15, 2014

Average Incentives Rise, Domestics Curb Spending

Incentive growth was at its lowest point in March since last September, but the NADA Used Car Guide noted that the automakers that decreased spending were the ones that scored sales increases for the month.