Industry News

From Today’s NADA headlines

Detroit News Op-Ed: The Curious Case of Tesla's Lawsuit

If we look at the data — specifically, vehicle pricing — a strong argument can be made that state auto-franchise laws continue to promote the public interest by increasing competition and, by extension, lower prices for consumers.
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U.S. Sales Rebound, Climb 3.6%; SAAR Remains Strong at 17.83 Million

After three straight monthly dips, U.S. light-vehicle sales in November rose 3.6 percent from a year earlier, helped by more generous deals and strong truck demand.
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N. America Output Off to Fast Start in Q1 2017

Automakers are planning to open 2017 with a robust 4,678,300 vehicles scheduled for completion in January-March, the second-highest total for the quarter since a record 4,811,021 units were built in like-2000.
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Metro Chicago Auto Dealer Mark Scarpelli Elected 2017 NADA Chairman

NADA's 63-member board of directors elected Mark Scarpelli as chairman for 2017. Scarpelli, who represents metropolitan Chicago's auto dealers on NADA's board, is president of Raymond Chevrolet and Raymond Kia in Antioch, Ill., and co-owner Ray Chevrolet and Ray Chrysler-Jeep-Dodge-Ram in Fox Lake, Ill. Read more

Five Commercial Truck Dealers Nominated for National Award

The American Truck Dealers (ATD), Heavy Duty Trucking and Procede Software announced the nominees for 2017 Truck Dealer of the Year.

The winner and runner-up will be announced during the 54th annual ATD Convention & Expo in New Orleans, which runs from Thursday, Jan. 26, through Sunday, Jan. 29, 2017. Read more

New NADA Study: Employee Wages Rise at New-Car Dealerships

The average annual compensation for employees at new-car dealerships working in all positions was $69,718 in 2015, an increase of 1% from the previous year, according to NADA's 2016 Dealership Workforce Study. Average weekly earnings across all dealership positions were $1,341 in 2015, a 1.4% increase. Millennials now account for 42% of the dealership workforce.  

Note: Dealerships that participated in the study receive the Trends report as well as customized reports. Non-participants can purchase it by calling 800.557.6232.

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