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The Center for Responsible Lending released findings last week that show negotiation does not help African American and Latino car buyers secure better interest rates on auto loans. Auto trade groups, however, were critical of the study’s findings, claiming it lacks data to support its claims.
Read More →The NADA issued its prediction for vehicle sales this past weekend, saying rising home values, residential construction and employment will boost U.S. light vehicle sales to 16.4 million units in 2014.
Read More →NADA Chairman Forrest McConnell encouraged dealers at the NADA Convention & Expo in New Orleans this past week to continue to take risks, telling them, “We got your back.”
Read More →Ninety percent of the 150 dealers Ally surveyed at the 2014 NADA Convention and Expo this past week said their outlook for 2014 sales is positive.
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David Westcott, 2013 NADA Chairman, told attendees of the NADA Convention and Expo that the CFPB’s effort to coerce the industry into adopting flat fees will harm competition and the car buying public.
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If you’re heading out to this year’s NADA Convention and Expo, make sure you take the following six steps before you pull the trigger on a new software tool for the dealership.
Read More →The Women’s Automotive Association International has named Maureen LaFontaine, Christina Schrank, Alison Spitzer and Liz Wetzel as recipients of the 2014 Spirit of Leadership Award. The award will be presented at a reception held during the NADA Convention in New Orleans.
Read More →This year’s conference will feature Patrice Ficklin, assistant director of the CFPB’s Office of Fair Lending, as well as a candid discussion between executives from GM Financial, Toyota Financial Services and Chase Auto Finance.
Read More →Steven Szakaly has been named the new chief economist at the NADA. He brings more than 10 years of forecasting and industry analysis experience.
Read More →The legislation would repeal an outdated mandate that requires dealers certify that vehicles comply with the Clean Air Act.
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