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TAG SEARCH RESULT: NADA

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August 14, 2014

Industry Responds to New York Times Op-Ed on Subprime Auto Loans

Industry associations responded this week to a New York Times opinion piece claiming that subprime auto lending is a predatory practice that stands to go the way of subprime mortgages.

July 30, 2014

NADA Releases New Video on Dealer Franchise Laws

In order to provide policymakers and journalists with information about the franchised new-car dealer model, the NADA has added a new animated video to its “Get The Facts” initiative.

July 24, 2014

AutoNation Discusses CFPB, Digital Push

AutoNation reported during its second-quarter investor call that it has installed the NADA’s Fair Credit Compliance Program in nine stores. Officials also provided an update on the company’s digital push.

July 8, 2014

Hybrid Electric Vehicle Sales Soften, NADA Reports

Hybrids retain less of their original value than their non-hybrid counterparts, and steady gas prices and improving fuel economy will make hybrids less appealing to consumers, the NADA reports.

June 17, 2014

NADA Launches Initiative to Promote Benefits of Franchised Dealers

The “Get the Facts” initiative provides online materials demonstrating the benefits of franchised dealerships, which the association is encouraging dealers to share on their own websites.

June 12, 2014

NADA’s Used-Vehicle Price Index Reaches New High in May

The NADA Used Car Guide’s used-vehicle price index reached a new high in May. But the NADA believes recent trends point to prices tracking back toward the firm’s predicted pricing path for the year.

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.