NADA’s Koblenz to Shed Light on CFPB at Agent Summit

NADA Statement on Departure of VW of America CEO Michael Horn

TYSONS, Va. – This week’s departure of Volkswagen of America’s President and CEO Michael Horn is a significant blow to the VW dealer network, which has been operating in crisis mode for more than six months. What’s most regrettable about Mr. Horn’s departure is that it leaves more questions than answers for the 652 Volkswagen ... Read More »

NADA Forecasts a Record 17.7 Million New-Car Sales in 2016

DETROIT – U.S. sales of new cars and light trucks will set an all-time record in 2016, said Steven Szakaly, chief economist of the National Automobile Dealers Association. “More than 17.7 million new light vehicles will be purchased or leased this year, about a 2-percent increase from 2015, and setting back-to-back records,” Szakaly said. “It ... Read More »

Provision in New Tax Bill May Benefit Dealers

WASHINGTON, D.C. — Congress recently passed the “Protecting Americans from Tax Hikes Act of 2015,” a $622 billion tax bill that will allow dealers and their customers to expense a larger portion of business equipment purchases, according to a release from the National Automobile Dealer Association. The NADA said the provisions included in the Act ... Read More »

House to Vote on CFPB-Altering Bill This Week

WASHINGTON, D.C. — The U.S. House of Representatives is expected to vote this week on a bill that would rescind the Consumers Financial Protection Bureau’s guidance on dealer participation and add a few more steps in to its guidance-writing activities. The House is expected to vote on H.R. 1737, which the House Financial Services Committee ... Read More »

Colorado's Jeff Carlson Elected NADA Chairman for 2016

NADA Files Second Request for Internal CFPB Documents

CFPB Accused of Using ‘Junk Science’ to Regulate Auto Lending

NADA Expands Effort to Protect Dealer-Assisted Financing

NADA Urges Dealers to Review FCC’s TCPA Ruling

WASHINGTON, D.C. — The National Automobile Dealers Association (NADA) is urging dealers to review their telephone and text marketing practices to ensure that they are in line with the Federal Communications Commission’s omnibus ruling and order regarding the Telephone Consumer Protection Act. Issued on Friday, the ruling will affect a number of areas related to ... Read More »