This week, a U.S. House committee passed H.R. 1737, a bipartisan bill that aims to repeal the Consumer Financial Protection Bureau’s 2013 guidance on dealer participation.
Industry associations responded this week to a New York Times opinion piece claiming that subprime auto lending is a predatory practice that stands to go the way of subprime mortgages.
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.
In response to an invitation from General Motors Co., the trade organization discussed several pressing industry and dealer issues with the automaker’s 14-member board of directors and management staff in Detroit this month.
The NADA’s Peter Welch warned lawmakers this week that a bill concerning rental car recalls could subject dealers to new federal inspections, reporting requirements and penalties.
The national dealer trade group selected Peter K. Welch, president and CEO of the California New Car Dealers Association, as its new president.
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