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TAG SEARCH RESULT: National Automobile Dealers Association

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August 24, 2017 - Industry News

GM: Dealers Must Disclose Non-GM Parts, Service Contracts

General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the automaker. Dealers who don’t comply face possible termination of their franchise agreement.

Tags: aftermarket accessories, California New Car Dealers Association, compliance, General Motors, NADA, National Automobile Dealers Association, Regulations, vehicle service contracts

April 17, 2017 - Industry News

NADA: New-Car Dealerships Employ Record Numbers in 2016

According to the trade group’s NADA Data 2016 report, dealership employees had one of the highest average salaries of any industry.

Tags: employment, F&I, fixed operations, NADA Data Report, National Automobile Dealers Association, new-vehicle sales, used-vehicle sales

December 5, 2016 - Industry News

Rapid Recon Salutes 100 Years of NADA and Vehicle Reconditioning

By the time the NADA was founded in 1917, the sufficiency of units in operation meant a growing opportunity for used-vehicle sales. According to 1917 motor vehicle registrations, as compiled by the U.S. Bureau of Public Roads, nearly five million cars and trucks were registered. And by late 1916, creative rebuilders were putting old cars, now “reconditioned,” back on the road.

Tags: National Automobile Dealers Association, Rapid Recon, remarketing, used-vehicle sales, Used-Vehicles

June 7, 2016 - Industry News

NADA Announces New Senior Vice President of Dealership Operations

Peter L. Fong has joined the National Automobile Dealers Association as senior vice president of dealership operations. One of his key areas of interest will be to accelerate the process of moving dealerships toward the ‘online to in-store’ car-buying experience for consumers.

Tags: Dealership Operations, Hiring, NADA, National Automobile Dealers Association

April 5, 2016 - Industry News

NADA Forges Partnership With MyCarDoesWhat Campaign

The NADA announced its involvement in a campaign designed to promote safer driving experiences. The program educates consumers about how to best interact with safety features.

Tags: MyCarDoesWhat, NADA, National Automobile Dealers Association, Safety

February 18, 2016 - Industry News

Used-Vehicle Sales Drop 4% in January, NADA Used Car Guide Reports

The NADA Used Car Guide's used-vehicle price index slipped 0.3% in January, with sales volume coming in 4% lower than the same period last year.

Tags: NADA, National Automobile Dealers Association, used vehicles, Vehicle Sales

October 14, 2015 - Industry News

Colorado's Jeff Carlson Elected NADA Chairman for 2016

NADA incoming chairman Jeff Carlson (left) and incoming vice chairman Mark Scarpelli (right) at NADA’s board meeting in Palm Beach, Fla., this week.

The NADA’s board of directors has elected Jeff Carlson as its 2016 chairman. The Colorado dealer is currently serving as NADA vice chairman.

Tags: NADA, NADA Chairman, National Automobile Dealers Association

October 8, 2015 - Industry News

NADA Files Second Request for Internal CFPB Documents

The NADA has filed a second Freedom of Information Act request for internal CFPB documents that allegedly show the bureau intended to regulate the auto finance market through enforcement action. An earlier request was denied.

Tags: American Honda Finance, Auto Lending, BISG, Center for Responsible Lending, CFPB, Consumer Financial Protection Bureau, Fifth Third Bank, NADA, National Automobile Dealers Association

September 17, 2015 - Industry News

NADA Expands Effort to Protect Dealer-Assisted Financing

As part of a new initiative to preserve the indirect financing channel, the National Automobile Dealers Association has created a new website and a video including testimonials from real consumers who benefited from receiving financing through a dealership.

Tags: CFPB, Consumer Financial Protection Bureau, Indirect Lending, NADA, National Automobile Dealers Association

August 18, 2015 - Industry News

Gould Bringing ‘F&I Tip of the Week’ to Industry Summit

Gerry Gould, the original host of F&I and Showroom’s F&I Tip of the Week, will cover the online video series’ Top 20 tips during his role-playing session at Industry Summit 2015.

Tags: AFIP, F&I Tip of the Week, Gerry Gould, Industry Summit, Jim Ziegler, NADA, National Automobile Dealers Association, UDS

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 28, 2015 - Industry News

NADA Still Pushing For CFPB Transparency

One day after the CFPB rejected its Freedom of Information Act request to release an internal memo that proves the bureau is targeting dealers, the NADA urged members of the U.S. House Financial Services Committee to pass a bill that would repeal the bureau’s auto lending guidance.

Tags: CFPB, Consumer Financial Protection Bureau, dealer markups, discrimination, Honda Financial Services, NADA, National Automobile Dealers Association

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

July 22, 2015 - Industry News

Ally Renews Exclusive Sponsorship of TIME Dealer of the Year

Ally Financial has renewed its exclusive sponsorship of the TIME Dealer of the Year program through 2021. Nominations for the 2016 program are now open.

Tags: Ally Financial, charity giving, NADA, NADA Convention and Expo, National Automobile Dealers Association, TIME Dealer of the Year

July 14, 2015 - Industry News

NADA Files Request to Make CFPB Memo Public

The National Automobile Dealers Association filed a Freedom of Information Act request Monday, seeking to make a Consumer Financial Protection Bureau memo about limiting dealer discretion public.

Tags: CFPB, Consumer Financial Protection Bureau, dealer markups, Dodd-Frank Act, markups, NADA, National Automobile Dealers Association, Richard Cordray

July 14, 2015 - Industry News

Wholesale Used Car Prices Dipped in June, Kontos Reports

Average wholesale used vehicle prices fell significantly in June relative to May, though they remained higher than year-ago levels, according to ADESA’s Chief Economist Tom Kontos.

Tags: ADESA, Autodata Corp, NADA, National Automobile Dealers Association, Tom Kontos, used vehicles, Wholesale Pricing

July 2, 2015 - Industry News

J.D. Power Completes Acquisition of NADA Used Car Guide

On Wednesday, J.D. Power completed its acquisition of NADA Used Car Guide. As part of the agreement, J.D. Power will continue to provide NADA members with a complimentary subscription.

Tags: Acquisition, J.D. Power, J.D. Power and Associates, NADA, NADA Used Car Guide, National Automobile Dealers Association

June 30, 2015 - Industry News

NADA’s Koblenz Joins Industry Summit Roster

The NADA official who has spearheaded the association's efforts to protect franchised dealers from federal regulatory overreach will be at Industry Summit 2015 to deliver a keynote address, event organizers announced this week.

Tags: Andy Koblenz, CFPB, Disparate Impact, National Automobile Dealers Association

May 28, 2015 - Industry News

J.D. Power to Acquire NADA Used Car Guide

J.D. Power and the NADA have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business. The deal is expected to close early in 2015’s third quarter.

Tags: Acquisition, J.D. Power and Associates, NADA, NADA Used Car Guide, National Automobile Dealers Association

May 5, 2015 - Industry News

NADA: April Auto Sales Continue to Lead Economic Growth

Despite the average retail transaction price rising more than 3%, the NADA’s chief economist believes that future auto sales will continue to be backed by strong economic tailwinds.

Tags: Forecast, NADA, National Automobile Dealers Association, Vehicle Sales

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

January 13, 2015 - Industry News

NADA Academy Adds Senior Consultant

NADA Academy has appointed Camron Wilson as senior consultant of OEM and Allied Educational Solutions, a new position designed to expand collaboration with OEMs, allied industries and dealership staffs through online and instructor-led training.

Tags: Hiring, NADA, National Automobile Dealers Association, training

November 18, 2014 - Industry News

NADA: New-Car Sales to Rise to 16.94 Million in 2015

At the NADA /J.D. Power Western Automotive Conference this week, NADA Chief Economist Steven Szakaly predicted that new-car and light truck sales will hit 16.94 million units in 2015.

Tags: Forecast, J.D. Power and Associates, NADA, National Automobile Dealers Association, SAAR

October 14, 2014 - Industry News

Dealers Increased Charitable Giving in 2014, Survey Shows

More than 70% of new-car dealers surveyed in September said they increased their charitable giving in 2014, according to a new survey conducted by the NADA and Ally Financial.

Tags: Ally Financial, charity giving, NADA, National Automobile Dealers Association, Survey

October 2, 2014 - Industry News

Chrysler Capital, Santander Lower Cap on Dealer Participation

The moves come just weeks after the CFPB proposed to oversee larger nonbank auto finance sources for the first time at the federal level.

Tags: CFPB, Chrysler, Consumer Financial Protection Bureau, Flat Fees, National Automobile Dealers Association, Santander Consumer USA

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