Industry News

From Today’s NADA headlines

NADA Show 2018 Now Accepting Online Applications for Exhibit Space

“The NADA Show is an ultimate venue for exhibitors to showcase their brands, launch and promote new products and services in front of thousands of retail-auto decision makers representing U.S. new-car dealers and their top managers,” said Connie Mikels, NADA Show director. “We anticipate an early sell out.”
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Ex-Dealer Wins $256M Jury Award from Nissan Finance Unit

Eight years after the collapse of his California dealership group, a jury has awarded ex-Nissan dealer Michael Kahn more than $256 million in damages from Nissan Motor Acceptance Corp.
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U.S. Justice Department Sues Fiat Chrysler Over Diesel Emissions

The U.S. Justice Department [on May 23] sued Fiat Chrysler Automobiles, charging it with building and selling diesel engines that violate the Clean Air Act.
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NADA Data: New-Car Dealership Employment Sets Record in 2016

TYSONS, Va. (April 13, 2017) - Employment, wages and payroll at U.S. new-car dealerships all continued to rise in 2016, according to a new report released by the National Automobile Dealers Association.

In 2016, new-car dealerships directly employed a record 1,131,900 workers, a 2.4% increase from the previous year, according to NADA Data 2016, the annual financial profile of new-car dealerships.

“Total dealership employment has consistently risen every year since the Great Recession,” said NADA Chief Economist Steven Szakaly. “In addition, hundreds of thousands of other local jobs are dependent on dealerships.”

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NADA Expects 2017 Sales to Remain at 17.1 Million

TYSONS, Va. (April 5, 2017) - Despite some economic headwinds on the horizon, the National Automobile Dealers Association is holding steady at its original U.S. sales forecast for new cars and light trucks this year.

“Overall, we still expect sales and leases to reach 17.1 million new vehicles in 2017, with the expectation that rising consumer incentives will overcome any increases in interest rates later in the year,” said NADA Chief Economist Steven Szakaly, during NADA's quarterly economic briefing today. “While these headwinds will not have much of an impact on new-vehicle sales, they are a sign of a flat market as we look at the rest of 2017 and next year.”

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