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NADA Market Beat: New Light Vehicle-Sales Top 18 Million Unit SAAR for Second Straight Month

Posted on May 5, 2021 in NADA

By Patrick Manzi, NADA Chief Economist April’s new light-vehicle sales saw an 18.5 million-unit SAAR—the second straight month (following a March revision) of sales above 18.0 million units and the highest monthly sales rate since July 2005 with a 20.6 million SAAR. The April 2021 SAAR is also up 112% from April 2020—which experienced the weakest sales of the pandemic—and up 12.1% from April 2019. Though pent-up demand from the pandemic played a role this April, sales were also likely pulled forward by consumers’ uncertainty about being able to find the vehicles they want in coming months. While final month-end inventory […]

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NADA Commitment to Combating Fear and Racism

Posted on April 14, 2021 in NADA

By Myra Dandridge, NADA Executive Director of External Affairs and Public Policy The last year has seen a significant spike in hate crimes against members of the Asian, Pacific Islander and Asian-American communities. The National Automobile Dealers Association (NADA) vehemently condemns anti-Asian violence and xenophobia, and stands in solidarity with and support of the Asian and Asian American communities. Hatred has no place in America or elsewhere. Our nation is comprised of a rich and wonderful mosaic of people from a myriad of races, ethnic cultures and diverse backgrounds. Our differences make us stronger and uniquely special. And yet, even in […]

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Peer-Reviewed Study: Dealership Competition Lowers Consumer Prices

Posted on March 24, 2021 in NADA

By Jonathan Collegio, NADA Senior Vice President of Public Affairs In automotive circles it’s a well-known fact that when local dealerships compete for customers, price competition kicks in, and the result is lower prices for consumers on new cars and trucks. But the reality experienced by local dealerships every day has now been demonstrated through data by economists T. Randolph Beard , George Ford & Lawrence J. Spiwak, who studied thousands of new car transactions in Texas. In a new study published in the journal Applied Economics, the economists:         “examine[d] how the closeness of a dealer selling the same make and model of […]

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The Big Lie About EV Sales

Posted on March 15, 2021 in NADA

By Mike Stanton, NADA President and CEO As someone who has dedicated his career to advocating on behalf of America’s franchised auto dealers, I’ve embraced the reality that one of my chief roles is to serve as Myth Buster In Chief. For years, one of the great myths that has persisted about the auto industry has been that franchised dealers don’t want to sell electric vehicles. It’s long past time to put this myth out to pasture. And it’s time to call it out for what it is: A lie about franchised dealers, propagated by the handful of companies that want […]

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The Sad, Lazy Myth of the ‘Middleman’

Posted on February 17, 2021 in NADA

By Jonathan Collegio, NADA Senior Vice President of Public Affairs Many first year MBA students learn a marketing concept called the “Iron Law of Distribution.” The idea is that when you bring a product to market, you can change who owns the distribution channel for that product — but changing who distributes the product doesn’t change the cost structure associated with distributing the product. That is, you can change whether a factory or an independent company owns the retail outlet — but that by itself doesn’t change or make retailing costs disappear. This is a stumbling block for lots of factories […]

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4th Annual Women Driving Auto Retail Video Contest Semifinalists Announced

Posted on January 29, 2021 in NADA

The ten semifinalists in the annual Women Driving Auto Retail video contest have been named! Now in its fourth year, the Women Driving Auto Retail video contest celebrates women who work in all areas of car or truck dealerships, and aims to encourage more women to pursue a career in auto retail. Given the global pandemic impacting our world and the auto retail industry, this year’s contest asked women working in dealerships to share their experience and how they’ve adapted during COVID. In a video of three minutes of less, entrants were also asked to share why the auto retail […]

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NADA Issues Analysis of 2020 Auto Sales, 2021 Sales Forecast

Posted on January 12, 2021 in NADA

The National Automobile Dealers Association (NADA) issued its 2020 analysis of U.S. auto sales and the economy. “The coronavirus pandemic certainly impacted new light-vehicle sales in 2020, not to mention the U.S. economy as a whole,” said NADA chief economist Patrick Manzi. “Our forecast at the start of 2020 estimated new light-vehicle sales would fall by one to two percent compared to 2019 for a total of 16.8 million units sold, but once COVID hit, we knew this would be a different year than anticipated.” 2020 came to a close with new-light vehicle sales of 14.46 million units, down 14.7% […]

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A Sneak Peek at the 2021 Virtual NADA Show

Posted on January 7, 2021 in NADA

Everyone wants to know, what will a virtual NADA Show be like? In this new video, you’ll get an introduction to many of the features of the virtual NADA Show platform, with three days of award-winning dealer education, franchise meetings, industry networking and, of course, NADA Expo, the virtual dealer marketplace. The non-stop content, available live and on-demand, will help you and your dealership team to connect, learn and build your business from the comfort of your home or dealership. Join thousands of dealers, dealership managers, exhibiting companies and the world’s leading auto industry representatives as we connect online at […]

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2021 Women Driving Auto Retail Video Contest

Posted on November 20, 2020 in NADA

2020 has been a year full of uncertainty for the country given the coronavirus pandemic. NADA knows that dealers across the country have been impacted and have adapted quickly to operating in the new environment, and we want to know how women working inside dealerships have adjusted. While it is definitely not business as usual, NADA is pleased to announce the fourth annual Women Driving Auto Retail video contest celebrating women who work in all areas of car or truck dealerships, specifically during this trying year. If you’re a woman working in the auto retail industry, we want to know about your […]

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NHTSA Launches SaferCar App to Deliver Safety Info to the Public

Posted on August 27, 2020 in NADA

By National Highway Traffic Safety Administration The United States Department of Transportation today announced the launch of a redesigned mobile app, SaferCar, by the National Highway Traffic Safety Administration with an emphasis on safety and convenience for the public. Available for both iOS and Android, it allows users to save their vehicles, car seats, equipment, or tires in a virtual garage on their smartphone. The app automatically checks, in the background, whether a recall is issued and alerts users when a recall occurs. “In today’s world, smartphones are the tool of choice for many tasks—and the updated SaferCar app is […]

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ABA Promotes Adoption of NADA Fair Credit Program

Posted on August 5, 2020 in NADA

By Mike Alford, Chairman of NADA Regulatory Affairs Committee On Aug. 3, the American Bar Association approved a resolution that, in part, urges governments at all levels to: Adopt laws and policies that promote the adoption of an enhanced nondiscrimination compliance system for dealer compensation for arranging and/or originating a vehicle finance contract by offering a safe harbor against pricing discrimination claims for dealers that faithfully implement the NADA/NAMAD/AIADA Fair Credit Compliance Policy and Program. The resolution, which was co-sponsored by the ABA Section of Civil Rights and Social Justice, Section of State and Local Government Law, and the Commission on Homelessness, recommended “safe […]

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Solving the Technician Shortage Crisis

Posted on January 3, 2020 in NADA

Every dealer knows that an effective service department is key to a successful dealership. Well-managed service departments keep our customers’ cars and trucks on the road, while providing a steady source of income for local dealerships and jobs for our communities. But today’s service departments are facing a crisis, in the growing shortage of skilled technicians to service America’s cars and trucks. It’s a crisis that will deeply impact our industry unless we get ahead of it today. According to the U.S. Department of Labor, the automotive industry employs about 750,000 service technicians at new-car dealerships, auctions, independent repair shops […]

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NADA: The Reality of EVs

Posted on July 24, 2018 in NADA

This is an incredibly exciting time to be in the transportation industry. New cars and trucks are safer and more efficient than ever. Automakers are introducing new technologies every day and will be deploying scores of new models with technologically advanced drivetrains and other features in the coming years. Partnerships on highly autonomous vehicle deployment abound between technology companies and OEMs. And all of this is happening while we are seeing major advances in internal combustion engine (ICE) vehicles. For nearly 30 years, automakers have spent billions of dollars on the development and deployment of battery electric (EV), hybrid, plug-in hybrid and fuel-cell vehicles. It started in 1990, when California adopted its zero-emission vehicle (ZEV) mandate, requiring 2 percent […]

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NADA: The Future of Personal Vehicle Ownership

Posted on July 24, 2018 in NADA

It’s hard to attend an automotive conference these days without hearing about the end of personal vehicle ownership. According to “conventional wisdom,” the proliferation of ride-hailing options like Uber and Lyft combined with autonomous vehicles (AVs) are destined to align and make the prospect of owning your own vehicle too inconvenient or too costly. I get it. We’re living in exciting, changing times, and technology is normalizing things today that for decades weren’t even on anyone’s radar. We’re also living in an era that rewards bold predictions far more than rationality. But as we all know, rationality still drives behavior. So the National Automobile Dealers Association (NADA) has been probing to find out what […]

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NADA: Our Commitment to Fair Credit

Posted on July 24, 2018 in NADA

In today’s market, America’s new car and truck dealerships sell around 50,000 new cars and trucks a day. Consumer access to affordable credit at dealerships, and interest rate discounts that local dealerships can provide their customers, are keys to driving those sales. Congress recently repealed a lending guidance issued by the federal Consumer Financial Protection Bureau (CFPB) that threatened to adversely affect dealer competition and consumers’ access to interest rate discounts. The guidance was repealed because of serious agency process concerns, and because it inadequately recognized that dealerships can provide competitive credit while fully adhering to our nation’s fair credit laws. NADA is firmly committed to helping dealerships achieve […]

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NADA News

Posted on July 23, 2018 in NADA

This is our National Auto Dealers News feed.

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