Industry News

From Today’s NADA headlines

Crackdown on Racial Bias Could Boost Drivers' Costs for Auto Loans

A federal regulator’s campaign to fight bias against minorities is changing the way many car loans are priced ...
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Fiat Chrysler Announces Buyback Program Details

Fiat Chrysler Automobiles on Monday announced the details of a buyback program that was imposed on the automaker ...
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Auto Sales Cool in August on Later Labor Day

Fiat Chrysler Automobiles NV on Tuesday logged a better-than-expected 1.7% increase in U.S. auto sales in August ...
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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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