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During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.
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As auto dealers, we know disruption; it isn’t new and it will never stop. In fact, we’ve found a way to grow and thrive out of disruption, and the coronavirus pandemic will serve as yet another example of dealers adapting and overcoming our challenges.
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As the first quarter of 2020 has come to a close, the National Automobile Dealers Association issued an analysis of U.S. auto sales and the economy, including the initial impact of the COVID-19 pandemic on both.
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The NADA Retirement Program from Empower will waive fees on all new retirement plan loans and hardship withdrawals to support dealerships and their employees’ financial needs resulting from the COVID-19 outbreak.
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Even as they are operating in a challenging environment where customers and employees are staying home and the rules of operation change every day, auto dealers across the country are pitching in and doing their best to help their communities weather the pandemic.
Read More →NADA Chairman Rhett Ricart released a statement in response to the Senate passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
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New light-vehicle sales in February were strong, with a SAAR of 16.83 million units for the month—an increase of 1.9% compared to February 2019. Raw sales volume topped 1.3 million units, an increase of 8.4% compared to February of last year.
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TYSONS, Va. — Michael J. Stanton Jr. has returned to the National Automobile Dealers Association (NADA) as senior vice president and chief operating officer, the trade group announced today. Stanton will work across the organization on strategic and operational issues and the development of new business opportunities. He will oversee the information technology and economics ... Read More »
Read More →PALO ALTO — In 2017, the National Automobile Dealers Association (NADA) celebrates 100 years serving franchised automobile dealers. Next year also marks the centennial of the first evidence of vehicle reconditioning, according to a provider of reconditioning workflow time-to-market software solutions. Rapid Recon issued a press release today saluting the NADA for 100 years of ... Read More »
Read More →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 »
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