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Posts Tagged ‘National Automobile Dealers Association’

GM’s Desire to Make Buying Cars Online Easier May Anger Dealers

Attempts to circumvent showrooms put dealer body on edge.

by on Oct.31, 2013

GM Chairman and CEO Dan Akerson wants to make it easier to buy new cars on the Internet.

General Motors CEO Dan Akerson may have inadvertently woken up the automaker’s dealer base when he said the company wanted to make it easier to buy a vehicle online.

“We want people to start buying cars over the Internet,” said Akerson during the company’s third-quarter earnings conference call.

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Perhaps in an attempt to placate dealers before they rallied the troops against the idea, he added that the automaker had no plans to “bypass our dealers” while doing it. (more…)

Dealers Happiest with Hyundai, Subaru and Lexus

Happy dealers can deliver better sales.

by on Jan.30, 2012

Dealers converge on Las Vegas, this week, for the annual NADA convention.

As many as 10,000 U.S. car dealers will descend on Las Vegas later this week for the National Automobile Dealers Association convention, an annual binge of partying and, in many cases, griping about the problems they have with their manufacturers.

It’s not unusual to hear some angry words emerge from the closed door sessions that make up much of the more serious work at the yearly gathering.  But other “make meetings,” as they’re known in the trade, can be veritable love fests.  Indeed, a new study by the NADA released ahead of the 2012 convention reveals which brands have the best relationship with their retailers.


Hyundai , yet again, tops the list in the Dealer Attitude Survey, the third year in a row for the fast-growing Korean carmaker.  It’s followed by Subaru, which set its own sales record in 2011, Lexus, Kia and Mercedes-Benz, in that order.


Auto Dealers Excluded from Wall Street Reform Bill

Dealers and lobbyists head off regulation. Senator Byrd’s death now threatens the entire bill, in face of Republican opposition.

by on Jun.28, 2010

NADA was unhappy that Wall Street reform legislation would “unfairly increase federal regulation over dealerships."

President Obama suffered a political defeat late last week from members of the National Automobile Dealers Association, who successfully had themselves excluded from the financial regulations that are proposed to stop the reckless practices of Wall Street that caused the ongoing Great Recession.

Dealers who provide their own funds for loans would have been treated just like banks, credit unions and other auto lenders under the bill.

NADA was unhappy that what started as Wall Street reform legislation would “unfairly increase federal regulation over dealerships and potentially eliminate dealer-assisted financing.” (See NADA Fighting Wall Street Financial Reform )

The White House, Pentagon, the Department of Treasury and other consumer interest groups fought strongly to regulate auto dealers.

Among other things, the bill would create a new Bureau of Consumer Financial Protection, and curb abusive practices such as ‘bait and switch” where one interest rate or down payment is advertised, but much higher ones substituted.

There are also rules governing other questionable ploys, such as the failure to pay off liens on trade-in vehicles, or conditional loan agreements. These are all reasonable propositions say consumer advocates.

Follow the $$$

However, the largely Republican members of the National Automobile Dealers Association, who have spent more than $3 million lobbying in “pay to play” Washington since last year, successfully defended their interests.   (more…)

Congratulations, Automobile Dealers of America!

Secretary of Transportation thanks dealers for CARS program.

by on Sep.16, 2009

The Republican from Illinois

The Republican from Illinois characterized CARS as “the single most successful short-term economic stimulus program in history.”

U.S. Secretary of Transportation Ray LaHood thanked auto dealers for their participation in the CARS program  – aka Cash for Clunkers –  in a speech before the National Automobile Dealers Association Convention today.

NADA had been critical of the red tape around what it thought was a needlessly complex program and the associated delays in reimbursement to dealers of rebates of up to $4,500 per Clunker trade-in.

LaHood said that as of this morning 565,690 CARS vouchers have been paid by taxpayers. This translates to almost $2.4 billion covering about 70% of dealers owed money.

LaHood said, “By now, it’s pretty clear that the Car Allowance Rebate System, or CARS program, succeeded beyond everyone’s expectations, and we can all take pride in what we’ve accomplished. Working together, we have delivered the goods to provide a struggling economy with a significant boost.”

To back that up LaHood made the  following points:

  • August retail sales up 2.7%
  • August automobile dealer sales up 10.6%
  • Sales boosted by about 440,000 vehicles between June and August
  • One of the largest 2-month spikes in auto sales on record
  • Increased production at Ford, GM, Toyota, and Honda
  • 60% improvement in fuel economy
  • $3.6 billion contributed to GDP for 2009
  • Millions in local and state sales tax revenues to cash-strapped states


Dealers Singing The Blues Down in New Orleans

Bad news to mark annual auto retailers convention.

by on Jan.23, 2009

2009 NADA Convention Poster

2009 NADA Convention Poster

They’ll be shucking oysters by the barrel, at the Acme, this weekend, and serving up plenty of crawfish gumbo at The Court of Two Sisters. But even the most lavish feast, on Bourbon Street, won’t do much to brighten the mood when thousands of the nation’s dealers gather in New Orleans.

There’s always a blend of camaraderie and confrontation at the annual conference of the National Automobile Dealers Association, but this year’s event is likely to have a distinctly elevated stress level. According to the NADA, the number of new car retailers in the U.S. is falling off at the fastest pace in decades. As 2008 came to a close, at least two dealers a day were closing up shop. And since most own more than one showroom, the storefront decline is even more rapid.

Typically, the NADA convention attracts the nation’s more prosperous retailers, yet this year, even they recognize there’s no guarantee of survival. “The fact is,” warns Chrysler Vice Chairman Jim Press, “when you take one-third of the market out, the number of dealers has to be reduced.”