Industry News

From Today’s NADA headlines

J.D. Power to Buy NADA Used Car Guide

The deal, still subject to regulatory review, is expected to close early in the third quarter, the companies said in a joint statement.
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May 2015 Auto Sales Forecast: US on Track for Highest Tallies Since August on Demand for SUVs, Trucks

Americans are buying new vehicles at the strongest pace since last summer, and more of them are walking past sedans and driving pricier SUVs and trucks off dealers’ lots.
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Takata's U.S. Deal Will Lead to Faster Air-Bag Fixes, Foxx Says

The legal order Takata Corp. signed with U.S. regulators last week will speed the investigation to determine the reason air bags are exploding and injuring motorists, Transportation Secretary Anthony Foxx said.
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Top Issues

Latest NADA Initiatives

Bipartisan House Bill Seeks to Thwart CFPB's Attack on Auto Financing

NADA applauds the continued bipartisan efforts in Congress to rescind a flawed guidance from the Consumer Financial Protection Bureau (CFPB) that would harm consumers by limiting their ability to obtain discounted auto financing. Reps. Frank Guinta (R-N.H.) and Ed Perlmutter (D-Colo.) have introduced H.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act of 2015. The legislation would repeal a CFPB bulletin from 2013 that was designed to pressure lending institutions into eliminating the availability of auto financing discounts. These discounts save consumers millions of dollars every year. With the CFPB's actions likely to raise the cost of credit for car buyers, Congress should pass H.R. 1737 to rescind the CFPB's flawed auto finance guidance and make the Bureau more transparent and accountable when issuing future auto finance guidance.

The Benefits of Franchised Auto Dealers

The current franchised new-car dealer model has benefited consumers, manufacturers and local communities for nearly a century. NADA's "Get the Facts" page sets the record straight about the benefits of the franchise system for consumers and local communities all over America.

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