Industry News

From Today’s NADA headlines

Trump Has Vowed to Slash Regulations. Where He Might Start and the Hurdles He Faces

Trump has called Dodd-Frank "a very negative force" in the economy. And his Treasury secretary designee, Steven Mnuchin, believes that Dodd-Frank is too complicated and an obstacle to lending, and has pledged to strip back parts of the law and make that priority No. 1 on regulatory reform.
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Another Round of Takata Airbag Recalls Filed by 13 Automakers

More than a dozen automakers this week recalled another 652,000 vehicles with Takata airbag inflators in the U.S. to replace front passenger inflators as the largest callback in the history of the auto industry continues to cascade through the regulatory process.
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California Warns of Break From Washington on Clean-Air Rules

California sent a warning shot in a potential showdown with the incoming Trump administration, with the state’s clean-air regulators digging in on mandates for an ever-greater number of electric and fuel-cell cars.
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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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