NADA: 17.4 Million Units Possible for 2017

LOS ANGELES — Noting that the economic outlook is a little less certain than a week ago, the National Automobile Dealers Association’s Steven Szakaly called for a 17.1 million-unit year in 2017. But the NADA’s chief economist said he’ll have a better read by the end of February, beginning of March. By that time, Szakaly ... Read More »

NADA: Supply, Incentives Driving Down Retention Rates

MCLEAN, Va. — Through September, retention rates for most model-year 2013 vehicles are down across the board compared to last year, according to NADA Used Car Guide. Larry Dixon, the firm’s director of market intelligence, said increased supply and incentives are the reasons. “We estimate that the supply of used vehicles up to five years ... Read More »

NADA Hires Digital Media Director

TYSONS, Va. — The National Automobile Dealers Association (NADA) has hired Abram Olmstead as its digital media director. Olmstead will oversee the NADA’s communications efforts across all digital platforms, as well as lead the development of the association’s strategy for using online platforms to communicate with and market to both internal and external audiences. “In ... Read More »

E-Credit Express Lender Management Platform Enhanced with NADA Used Car Guide’s Trusted Vehicle Values

MCLEAN, Va., – E-Credit Express (ECE) — a fully patented, automated, online lender management platform (LMP) that connects dealers to over 1,300 lenders instantly — has recently entered into an agreement with NADA Used Car Guide — the leading provider of used vehicle values — to speed up the used vehicle sale and loan approval ... Read More »

July’s 2.3% Drop in Wholesale Prices Ties June Record, NADAUCG Reports

MCLEAN, Va. — Wholesale prices for vehicles up to eight years in age fell 2.3% in July, tying June for the biggest drop recorded so far in 2016, according to the NADA Used Car Guide. As a result, the firm lowered its seasonally adjusted used vehicle price index 1.1% to 118.9 . The largest decline in ... Read More »

NADA Maintains 17.7 Million Sales Forecast for 2016

NADA Chairman Calls on Dealers to Rally Behind CFPB-Reform Bill

NADA Announces New Senior Vice President of Dealership Operations

TYSONS, Va. — The National Automobile Dealers Association (NADA) announced that it has found its new senior vice president of dealership operations: Peter L. Fong. Fong expressed that one of his key areas of interest will be to accelerate the process of moving dealerships toward the “0online to in-store” car-buying experience for consumers. “I’m absolutely ... Read More »

NADA Announces New Senior Vice President of Dealership Operations

NADA Forges Partnership With MyCarDoesWhat Campaign

LAS VEGAS — The National Automobile Dealers Association (NADA) has announced a partnership with the MyCarDoesWhat campaign — a research-driven campaign created by the National Safety Council and University of Iowa to help raise awareness of new vehicle safety features designed to prevent crashes and reduce deaths and injuries. Research from the University of Iowa shows that ... Read More »