Industry News

From Today’s NADA headlines

Warren's False Claim That 'Auto Dealer Markups Cost Consumers $26 Billion a Year'

In a Fact Checker article by Glenn Kessler of the Washington Post, Sen. Elizabeth Warren received the maximum Four Pinocchios for making false claims that “auto dealer markups cost consumers $26 billion a year.”
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5 Things We Learned From April Auto Sales

The average retail transaction through the first quarter this year was up more than 3% to $33,189, according to the National Automobile Dealers Association.
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Barra Says GM Can Earn Better Returns on Its Own Without Merger

General Motors Co. Chief Executive Officer Mary Barra would rather go it alone and prove that her company can make fat returns ...
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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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