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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.
Read More →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.
Read More →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.
Read More →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.
Read More →According to a report commissioned by the NADA, the average dealership incurred $182,754 in costs to comply with federal mandates in 2012.
Read More →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.
Read More →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.
Read More →A memo released by the NADA this week states that the CFPB’s proposed method for eliminating fair lending risk in the auto lending arena would do no such thing. Instead, dealers would still have discretion when it comes to selecting a finance source for their customers.
Read More →The NADA Used Car Guide reported this week that wholesale activity steadily returned to normal in April after being impacted by winter storms for much of the first quarter.
Read More →Biweekly payment providers continue to react to the memo the NADA issued last week. This week, Economic Advantages Corp. offers its take on the alert.
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