Industry News

From Today’s NADA headlines

U.S. House Panel Seeks Data on Auto-Lending Discrimination Claims

The chairman of the House Financial Services Committee is turning up pressure on a major regulator to hand over internal documents pertaining to its investigations of auto lenders.
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As Crisis Grows, Volkswagen Dealers Fear Cash Won't Be Enough

A package of special programs to help retailers cope with the diesel emissions scandal has infused large sums of money ...
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Mercedes Looks to Cap Number of Stores Per Group

Mercedes-Benz USA is talking to its retailers about putting a cap on the number of stores any single dealership group will be allowed to own.
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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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