NADA Convention Offers Exhibit on Regulations
The National Automobile Dealers Association Convention will feature an exhibit on regulations that will include more than two dozen representatives from federal agencies.
The National Automobile Dealers Association Convention will feature an exhibit on regulations that will include more than two dozen representatives from federal agencies.
These employees from 14 offices of nine federal agencies will be on hand to answer questions and comments about government regulations that affect dealers, the NADA announced.
Bill Newman, the association's chief operating officer for legal affairs, said he believes the booth offers an opportunity for both the regulators and the regulated to benefit.
"Learning and clarification rather than complaining is what I think the goal of it is" for dealers, Newman said. Regulators will get feedback and "learn more about the real world.”
NADA President Phil Brady said one of his near-term priorities is to get lawmakers and Bush administration officials to understand better what he calls the heavy regulatory burden on dealers. He also seeks to protect dealers who make good-faith efforts at compliance, a concept called "safe harbor."
Currently, the NADA seeks to limit the scope of a Federal Communications Commission rule that prohibits fax transmissions without previous written consent, the so-called do-not-fax rule. As a first step, the FCC has postponed the rule's effective date until mid-2005.
The opportunity for dialogue with regulators may help dealers discover easier ways to comply with regulations that trouble them, Newman said. And government officials who walk the convention floor may gain a better understanding of the challenges that dealers face, he added.
More F&I

How AI-Powered Coaching Is Transforming F&I Performance
See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Read More →
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →