Industry News

From Today’s NADA headlines

U.S. Banks' Loans Paving The Way For Auto Purchases

Auto loan originations hit a 10-year high in the second quarter, which means numerous banks and credit unions have been capturing business ...
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Sergio May Stay Till 2020, Hunts for Next Top Leader

Sergio Marchionne is 63 and the first to admit that he won't stick around as CEO of Fiat Chrysler Automobiles forever.
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Ford Feels Push to Return to Midsize Trucks

Nobody buys small pickups anymore. Nobody wants a truck-based SUV, either.
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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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