NADA Chairman: Hope for the Best, Prepare for the Worst
Jeff Carson likened his year as chairman of the NADA to piloting a plane during a ‘catastrophic electrical failure,” noting that he experienced situations where he started out on what seemed a routine path only to have outside events toss his flight plan out the window.
NEW ORLEANS — Jeff Carlson, 2016 chairman of the National Automobile Dealers Association (NADA), compared his year at the helm of the association to piloting a plane during a “catastrophic electrical failure.”
In both instances, he experienced situations where he started out on what seemed a routine path only to have outside events toss his flight plan out the window.
“You have to remain calm and make good decisions at important moments. Pilot training always dictates that you choose the right course,” he told those gathered at the opening session of the NADA Convention and Expo in New Orleans. “So you must always plan for the best, but prepare for the worst.”
Carlson praised NADA leaders and members, likening them to pilots that are under “tremendous pressure” but have trained for the unexpected and deftly manage such situations.
“You saw NADA successfully defending our customers’ right to discounted loans by preserving dealer-assisted financing,” he said. “Just like 1917, when the government tried to impose a luxury tax on cars, we stood up for our customers. It’s 2017, and again we have successfully fought off the government’s effort to end loan discounts for customers.”
In addition to holding the line against the Consumer Financial Protection Bureau (CFPB)’s attempts to eliminate dealer discounting, Carlson talked about the associations successful efforts to educate legislators and the public on the negative impact of grounding all cars with open recalls, as well as show them how competition among dealerships saves customers an average of $500 per new car.
But the outgoing chairman stressed the NADA, its members and other stakeholders face more challenges as they move ahead.
“We and our OEM partners are facing some very big CAFE challenges, so we need to tell Washington to keep vehicles affordable for our customers,” he said. “Dealers have great intuition, heart and a sense of direction. This business isn’t about the destination. It’s all about the journey.”
More Auto Finance

Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →
Permission or Approval: When to Notify Finance Sources
Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
Read More →
At-Risk Auto Borrowers Drive Looser Credit Access
Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.
Read More →
Auto Loan Forecast Bucks Market Trend
Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.
Read More →
Auto Credit More Plentiful
Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.
Read More →
Auto Loans Long as Stretch Limos
More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.
Read More →
AutoPayPlus Launches RePayPlus
The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.
Read More →