Industry News

From Today’s NADA headlines

NADA Responds to American Banker Article About Proposed Consent Orders Between CFPB and American Honda Finance Corp., Toyota Motor Credit Corp, and Nissan Motor Acceptance Corp.

If what was reported by American Banker is accurate, this is indeed a very sad day for consumers.
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Car Makers Post Hot First-Half U.S. Sales

NADA raised its annual sales forecast to 17.2 million vehicles, representing what would be the second-best year for in the industry’s history behind 2000’s result.
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U.S. Auto Sales Top Out in 2016, Dealer Association Economist Predicts

The National Automobile Dealers Association predicted U.S. auto sales would probably start to decline in 2017, after seven consecutive years of increases.
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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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