Industry News

From Today’s NADA headlines

Cars Are Sitting on the Lot Longer, Even as Dealers Sweeten Their Offers

If your local auto dealer is starting to look a little worried, there's a good reason. New analysis by J.D. Power and LMC Automotive shows it's taking longer for dealers to sell new vehicles.
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April U.S. Auto Sales Seen Down Nearly 2 Percent: JD Power and LMC

April U.S. new vehicle sales will be about 1.48 million units, a drop of nearly 2 percent from 1.51 million units a year earlier, the consultancies said.
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ALG: Incentive Spending to Plateau

Look for incentive spending to level off from where it was at the end of 2016 and in the first few months of this year, says ALG ...
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NADA Launches Nationwide Initiative

New nationwide effort promotes the consumer and community benefits of local dealerships

NADA has launched a new initiative designed to promote the benefits of local new car and truck dealerships for consumers, local communities and manufacturers alike. 

The new initiative includes a website and social media channels and features videos of real consumers and dealership staff voicing the benefits of local dealerships in their own words.

"Local dealerships benefit consumers and local communities alike - through price competition that drives down prices, and good paying jobs that drive local economies," said NADA Chairman Mark Scarpelli, who operates four dealerships near Chicago, Illinois. "But doesn't come from the perspective of dealers - it comes from the perspective of real consumers, dealership staff and community leaders who have seen the benefits of local dealerships first hand."

The initiative is being taken up by state and local dealership associations across the country. Robert Glaser, who runs the North Carolina Automobile Dealers Association and chairs Automotive Trade Association Executives (ATAE), plans to be the first state association to take up the initiative. "Local dealerships benefit consumers and local communities in North Carolina and across America," said Glaser. "NCADA is taking up this initiative, and we encourage local dealerships and dealer associations to promote it as well."

NADA will be promoting the initiative throughout 2017 across its digital media channels, including Facebook, Twitter, Instagram and LinkedIn. The initiative was launched as part of NADA's 100th Anniversary.

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