Industry News

From Today’s NADA headlines

NADA and J.D. Power to Host Economic Press Briefing on Nov. 15

Steven Szakaly, NADA chief economist, will issue a sales forecast for new cars and light trucks for 2017. To register, visit
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Today's Webinar: Proposed IRS Regulations Seek to Limit Valuation Discounts

As part of the NADA/ATD Webinar Series, Marvin Hills and Stuart McCallum from Crowe Horwath, LLP, will present the 60-minute webinar at 1 p.m. ET on Thursday, Oct. 20, 2016.
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VW Targets $4.1 Billion in Cost Cuts, Report Says

Talks between brand management and labor leaders over a so-called future pact are faltering with investment pledges and cost savings proving stumbling blocks, the sources said.
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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. Read more 

NADA Updates Guidance on Wage and Hour Law

The new Dealer Guide to Federal Wage and Hour, Child Labor and Wage Discrimination Compliance (L01) is now available on NADA University Online (username and password are required). It provides franchised automobile and commercial truck dealerships an overview of the federal law on wage and hour, child labor and wage discrimination, along with dealership-specific suggestions for compliance. The guide is available at no charge to NADA and ATD members and for a nominal charge to nonmembers. Log in and download the report 

Updated Guide on OSHA HazCom Standard Released

NADA has updated its dealer guide to the Occupational Safety and Health Administration's (OSHA) Hazard Communication (HazCom) Standard, which requires auto dealerships to provide chemical hazard information to employees who could be exposed to workplace chemical hazards (e.g., service, body and parts personnel).

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