Industry News

From Today’s NADA headlines

NADA Calls for Workshop Proposals

The NADA Show 2018 (formerly the NADA Convention & Expo) will be hosting a series of workshops next year and is inviting industry experts to submit workshop proposals relevant to new-car dealers and their top managers. The 2018 show will be held in Las Vegas from March 22 to 25.
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Dealers: 'Who's Hackett?'

News that Mark Fields is out at Ford Motor Co. left surprised dealers on Monday with a common reaction: Who is Jim Hackett?
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Ford Stock Up 2.1% on News of New CEO

Ford Motor Co. stock was up modestly Monday on news that company CEO Mark Fields has been ousted and Jim Hackett, chairman of the company’s Ford Smart Mobility subsidiary, will take over.
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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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