Industry News

From Today’s NADA headlines

New Ford CEO Relies on Veterans to Reboot Profits

Raj Nair, currently Ford's executive vice president of product development and chief technical officer, will take over as president, North America, effective June 1, the company said.
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GM Denies Allegations That It Cheats on Diesel Emissions

General Motors on Thursday denied allegations made in a lawsuit that the company's full-size diesel pickup trucks cheat on emissions tests.
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Former NADA Chairman Jack Kain Honored in Congressional Record

“Mr. Speaker, I rise to honor a very special individual, Mr. Jack Kain, of Versailles, Kentucky. Jack is renowned for his leadership in the automobile industry,” Rep. Andy Barr (R-Ky.) wrote in the Congressional Record. “Jack Kain is a fine man who has earned the respect of his community and his colleagues in the automobile industry throughout America.”
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NADA Data: New-Car Dealership Employment Sets Record in 2016

TYSONS, Va. (April 13, 2017) - Employment, wages and payroll at U.S. new-car dealerships all continued to rise in 2016, according to a new report released by the National Automobile Dealers Association.

In 2016, new-car dealerships directly employed a record 1,131,900 workers, a 2.4% increase from the previous year, according to NADA Data 2016, the annual financial profile of new-car dealerships.

“Total dealership employment has consistently risen every year since the Great Recession,” said NADA Chief Economist Steven Szakaly. “In addition, hundreds of thousands of other local jobs are dependent on dealerships.”

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NADA Expects 2017 Sales to Remain at 17.1 Million

TYSONS, Va. (April 5, 2017) - Despite some economic headwinds on the horizon, the National Automobile Dealers Association is holding steady at its original U.S. sales forecast for new cars and light trucks this year.

“Overall, we still expect sales and leases to reach 17.1 million new vehicles in 2017, with the expectation that rising consumer incentives will overcome any increases in interest rates later in the year,” said NADA Chief Economist Steven Szakaly, during NADA's quarterly economic briefing today. “While these headwinds will not have much of an impact on new-vehicle sales, they are a sign of a flat market as we look at the rest of 2017 and next year.”

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