Industry News

From Today’s NADA headlines

Cordray Says CFPB Trying to Get Discrimination Data Right

Consumer Financial Protection Bureau Director Richard Cordray pushed back against reports the agency was overestimating the amount of discrimination ...
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South Carolina Dealers Grapple with Floods; BMW Still Producing

South Carolina auto dealers and BMW AG are digging out and adjusting after more than 2 feet of rain have fallen over the last three days in some parts of the state ...
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For Volkswagen, Costs of Scandal Will Be Piling Up

For Volkswagen, the cost of its cheating on emissions tests in the U.S. is likely to run into the tens of billions of dollars ...
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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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