Industry News

From Today’s NADA headlines

Payrolls Rose 173,000 in August as Jobless Rate Drops to 5.1%

Employers added 173,000 workers in August and the jobless rate dropped to 5.1 percent, a level that the Federal Reserve considers to be full employment.
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Indian Automaker Tata Aims to Restore Jaguar's Cachet in U.S.

When Tata Motors of India acquired the Jaguar and Land Rover brands in 2008, the deal added a new twist to the rapid globalization of the auto industry.
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Daimler to Reboot Its Smart Car

Daimler AG is taking another crack at the market for ultra compacts with a retooled ForTwo Smart car built under a collaboration that could become a benchmark for other auto makers.
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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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