Industry News

From Today’s NADA headlines

NADA Releases Testimonials Supporting Fair Credit Compliance Program

Some of the most respected fair credit compliance attorneys across the country have expressed strong support in testimonials for the optional NADA/NAMAD/AIADA Fair Credit Compliance Policy & Program.
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In Landmark Case, Labor Board Will Let More Workers Bargain with Their Employer's Employer

The new test is not expected to significantly impact the relationship between manufacturers and franchise dealerships....
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Monthly Payments, Loan Terms Up in Q2, Experian Says

The average monthly payment increased and new-vehicle loan terms grew during the second quarter ...
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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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