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December 22, 2015 - Industry News

Provision in New Tax Bill May Benefit Dealers

A provision in the act will grant dealers an additional $8,000 in first year-depreciation for certain business vehicles purchased in 2015. However, to use the provision in 2015, dealers must purchase qualifying vehicles before Dec. 31, 2015. The additional $8,000 continues into 2016 and 2017 but will be gradually phased out starting in 2018, according to the NADA.

Tags: ATD, Congress, legislation, NADA

August 5, 2015 - Industry News

Bill Aimed at Texas Reinsurance Regulations to Become Law

A bill supported by GSFSGroup will become law on Sept. 1, effectively aligning Texas reinsurance law more closely with regulations in other states.

Tags: GSFSGroup, legislation, reinsurance

July 30, 2015 - Industry News

House Committee Passes Bill to Repeal CFPB's Auto Lending Guidance

This week, a U.S. House committee passed H.R. 1737, a bipartisan bill that aims to repeal the Consumer Financial Protection Bureau’s 2013 guidance on dealer participation.

Tags: CFPB, Congress, Consumer Financial Protection Bureau, discrimination, legislation, NADA, National Automobile Dealers Association, Peter K. Welch

July 23, 2015 - Industry News

NADA Urges Dealers to Oppose Recall Amendment

An amendment rejected by the Senate Commerce Committee last week that would have barred dealers from selling recalled vehicles could be attached to a multi-year highway funding bill, the NADA warns.

Tags: legislation, NADA, National Automobile Dealers Association, Recall, Senate, vehicle recall

June 4, 2015 - Industry News

House Votes to Eliminate DOJ’s Use of Disparate Impact

The House passed an amendment Wednesday that would bar the Department of Justice from using funds for litigation in which the regulator seeks to apply the disparate impact theory.

Tags: amendment, CFPB, Consumer Financial Protection Bureau, Department of Justice, Disparate Impact, legislation

May 14, 2015 - Industry News

FTC Calls on States to Lift Direct-to-Consumer Sales Bans

A new Michigan bill that would allow ‘autocycle’ manufacturer Elio Motors to sell directly to consumers spurs the Federal Trade Commission to urge all states to lift bans on direct-to-consumer sales.

Tags: Consumer Buying Habits, Federal Trade Commission, legislation, manufacturers, Michigan, Tesla, Tesla Motors

April 16, 2015 - Industry News

Second Bill Aimed at Reining in the CFPB Passes House by 401-2 Vote

Sen. Elizabeth Warren (D-Mass.) has called on Congress to impose further reforms on the financial sector that go beyond the Dodd-Frank Act.

Three days after a bipartisan bill aimed at repealing the CFPB’s March 2013 dealer participation guidance was introduced, the House passed a second bill that would open the bureau’s committee meetings to Congress and the public.

Tags: Auto Lending, Auto Loans, CFPB, Congress, Consumer Financial Protection Bureau, Dodd-Frank Act, legislation, NADA, National Automobile Dealers Association

April 14, 2015 - Industry News

CFPB Faces Mounting Criticism, New Bipartisan Bill

On the same day The Wall Street Journal published an op-ed piece critical of the CFPB’s targeting of the indirect auto finance channel, a bipartisan bill was introduced that aims to repeal the bureau’s guidance on dealer participation.

Tags: Ally Financial, CFPB, Congress, Consumer Financial Protection Bureau, Department of Justice, Indirect Lending, legislation, Richard Cordray

April 8, 2015 - Industry News

NIADA Takes on Oregon BHPH Legislation

The NIADA, its newly-formed BHPH Commission and Oregon’s independent dealer association are tackling legislation the industry believes could damage the ability of high-risk consumers to purchase cars in the state.

Tags: BHPH Bills, bhph dealers, BHPH legislation, legislation, National Independent Automobile Dealers Associatio, NIADA

March 19, 2015 - Industry News

Calif. Dealer Association Unveils Details of Recall Bill

First introduced in February, the bill would increase disclosures, improve safety and provide additional cost protections for consumers who purchase or own used recalled vehicles, according to the California New Car Dealers Association.

Tags: California New Car Dealers Association, legislation, vehicle recall

March 19, 2015 - Industry News

New Jersey Reverses Tesla Sales Ban

The electric car maker will now be able to open up to four direct-sale stores and at least one service center in the state.

Tags: Electric Vehicles, legislation, New Jersey, Tesla Motors

March 5, 2015 - Industry News

Ga. Legislators Table Tesla Bill

Dealers in Georgia have convinced legislators to table a bill that would allow Tesla to continue selling vehicles directly to consumers in the state.

Tags: legislation, online shoppers, Tesla, Tesla Motors

February 12, 2015 - Industry News

CNCDA Partners with Legislators to Reform Recalls

The California New Car Dealers Association has reached an agreement with bipartisan legislators to author legislation that will increase disclosure of recalls and improve safety.

Tags: California New Car Dealers Association, legislation, vehicle recall

February 10, 2015 - Industry News

Conn. Dealer Association Launches Controversial Anti-Tesla Site

The website, called “Tesla Crash,” was launched by the Connecticut Automotive Retailers Association in response to a bill that would allow the electric automaker to sell directly to consumers in the state.

Tags: Franchised Dealerships, legislation, Tesla, Tesla Motors

February 10, 2015 - Industry News

Idaho Legislators at Odds Over Proposed Dealer Rule

Earlier this month, Idaho’s House Transportation and Defense Committee narrowly affirmed regulations that would mandate how long car dealers should be open each week.

Tags: Idaho, legislation

February 4, 2015 - Industry News

Utah Bill Would Send Sales Tax to Car Buyer’s Hometown

Rep. Ken Ivory (R-Utah) has introduced legislation that would send the sales-tax revenue from car sales to the hometown of the car buyer, instead of the city where the dealership is located.

Tags: legislation, sales tax, Utah

September 30, 2014 - Industry News

Protestors Gather at Calif. CarMax Location Over Recalled Vehicle Sales

An image from an ad run by the Consumers for Auto Reliability and Safety  in the Sacramento News & Review.

Protestors flocked to a Roseville, Calif., CarMax store today to protest the sale of recalled vehicles and to call on the FTC to investigate the used-vehicle retailer.

Tags: CarMax, legislation, vehicle recall

September 11, 2014 - Industry News

NADA Shows Support for New CFPB Reform Bill

The NADA is urging Congress to pass a new bipartisian bill introduced this month that would nullify the CFPB’s guidance on auto lending and require more transparency from the bureau in the future.

Tags: CFPB, Congress, Consumer Financial Protection Bureau, legislation, NADA, National Automobile Dealers Association

July 3, 2014 - Industry News

Tesla to Expand in Pennsylvania

The Pennsylvania House passed legislation this week that will allow the automaker to have as many as five stores in the state.

Tags: legislation, Pennsylvania, Tesla Motors

June 19, 2014 - Industry News

Tesla Makes Strides on East Coast

This week, New York Governor Cuomo signed a pro-Tesla bill into law. The New Jersey Assembly also voted to allow manufacturers to directly sell zero-emissions vehicles to consumers.

Tags: Electric Vehicles, legislation, New Jersey, New York, Tesla Motors

June 12, 2014 - Industry News

House Committee Votes to Repeal CFPB Auto Lending Guidance

The House Financial Services Committee passed a bill this week that would bring more transparency to the CFPB’s guidance-making process. If approved by Congress, it would effectively repeal the bulletin the bureau issued last year on indirect auto lending.

Tags: Auto Lending, CFPB, compliance, Consumer Financial Protection Bureau, legislation

June 9, 2014 - Industry News

7 Financial Organizations Back Disparate Impact Amendment

Rep. Scott Garrett’s amendment to H.R. 4660 would prohibit funds made available by the act from being used for litigation that relies on the disparate impact theory.

Seven financial organizations issued a letter to the U.S. House of Representatives on May 29 in support of an amendment to an appropriations bill that would limit Justice Department litigation relying on the disparate impact theory of discrimination.

Tags: amendment, Consumer Financial Protection Bureau, Department of Justice, discrimination, disparate, legislation

May 27, 2014 - Industry News

Congress Votes to End Dealer Paperwork Requirement

The U.S. Senate unanimously approved a bill last week that eliminates a provision in the Clean Air Act that requires dealers issue a certificate to consumers that confirms a vehicle’s compliance with the law.

Tags: Clean Air Act, legislation, National Automobile Dealers Association

May 15, 2014 - Industry News

Tesla: New Wording in Missouri Bill is ‘Sneak Attack’ by Dealers

In a statement posted on its website, Tesla denounced the last-minute addition of wording to legislation in Missouri that would effectively ban the automaker from selling directly to consumers in the state.

Tags: Franchised Dealerships, legislation, Missouri, Tesla, Tesla Motors

May 15, 2014 - Industry News

Calif. Proposes Ban on the Sale of Unrepaired Recall Vehicles

Senate Bill 686 would make it illegal for used-car dealers and rental car companies to sell used cars with unrepaired recalls issues. Senator Hannah Beth Jackson held a press conference about the bill this week.

Tags: California, legislation, vehicle recall

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