Industry News

From Today’s NADA headlines

Commentary: Navigating the Maze of Federal Regulations

It's clear by now that new-car dealers are not just responsible for facilitating the complex transactions of vehicle sales to the American public, but also for complying with numerous federal and state regulations on a daily basis.
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FTC Announces 'Crackdown on Deception, Fraud in Auto Sales, Financing and Leasing'

The Federal Trade Commission and 32 law enforcement agencies announced on March 26 the results of Operation Ruse Control, which the FTC describes as a “nationwide and cross-border crackdown to protect consumers when purchasing or leasing a car.”
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NADA Statement in Response to FTC Announcement of Auto Enforcement Actions

In response to the March 26 announcement by the FTC that the agency has initiated six new enforcement actions against four auto dealerships and two financial services entities, NADA released the following statement....
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Top Issues

Latest NADA Initiatives

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.

The Reforming CFPB Indirect Auto Financing Guidance Act

In 2013, the Consumer Financial Protection Bureau (CFPB) issued guidance that threatens to eliminate dealers' flexibility to discount the interest rate offered to consumers to finance vehicle purchases. The CFPB is attempting to change the $905 billion auto loan market and limit market competition without prior public comment and without analyzing the impact of its guidance on consumers. With the CFPB's actions likely to raise the cost of credit for car buyers, Congress should pass H.R. 5403 to rescind the CFPB's flawed auto finance guidance and make the Bureau more transparent and accountable when issuing future auto finance guidance.

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