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.
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.
A Q&A with Warren Buffett and Larry Van Tuyl headlined the 2015 NADA/J.D. Power Automotive Forum, where the two executives discussed the direction of the nation’s fourth-largest dealer group post-acquisition.
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.
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.
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.
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.
The moves come just weeks after the CFPB proposed to oversee larger nonbank auto finance sources for the first time at the federal level.
Following an announcement that it would seek supervisory authority over 38 nonbank auto finance companies, the CFPB held a field hearing on the topic in Indiana this morning.
The NADA is urging Congress to pass a new bipartisian bill introduced this month that would nullify the CFPB’s guidance on auto lending and require more transparency from the bureau in the future.
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