NADA

NADA tells Nissan to butt out of dealer surveys

12:01 am U.S. ET | Sept. 29, 2014
The National Automobile Dealers Association has rapped Nissan's knuckles for "actions by some Nissan representatives" to boost scores in a survey of dealer attitudes toward automakers.... Read More »

 

CFPB's latest guide on discrimination falls short, auto lenders, dealers say

3:28 pm U.S. ET | Sept. 18, 2014
Auto lenders and dealers are largely disappointed with a long-awaited report by the Consumer Financial Protection Bureau that outlines the bureau's method for finding discrimination in auto loans.... Read More »

 

NADA calls on CFPB to accept dealer group's anti-discrimination approach

11:00 am U.S. ET | Sept. 18, 2014
The National Automobile Dealers Association called on the Consumer Financial Protection Bureau to recognize NADA's Fair Credit Compliance Policy & Program as a valid way to avoid discrimination, at a CFPB hearing today in Indianapolis into auto-lending practices.... Read More »

 

CFPB finds discrimination in auto lending at banks, looks to oversee captives

5:45 pm U.S. ET | Sept. 17, 2014
The nation's consumer finance regulator found discrimination against minority borrowers at several unnamed banks tied to dealer discretion in setting dealer reserve, the share of the customer's interest rate that dealerships earn for negotiating a finance contract. The CFPB also released the first details of a proposed new rule that would officially extend its jurisdiction to nonbank auto lenders.... Read More »

 

Captives likely to get CFPB oversight

4:35 pm U.S. ET | Sept. 16, 2014
The Consumer Financial Protection Bureau is expected to issue an important new rule on Thursday defining which nonbank lenders -- including captive finance companies -- will be considered “larger participants” and thus subject to CFPB regulation.... Read More »

 

NADA backs renewed effort to curb CFPB oversight

11:19 am U.S. ET | Sept. 12, 2014
Critics of the Consumer Financial Protection Bureau are taking another run at curbing the bureau's regulatory tactics of issuing industry “guidance” and entering into consent orders with individual auto lenders.... Read More »

 

Used pickup prices strong, but how long?

12:01 am U.S. ET | Aug. 25, 2014
How long will prices of used full-size pickups stay strong?... Read More »

 

JIM HENRY

Did dealers hurt themselves with the carve out?

12:01 am U.S. ET | Aug. 20, 2014
There’s no mistaking that federal regulators are serious about policing auto lenders. By extension, auto dealers feel they’ve got a big target on their backs, too.... Read More »

 

JIM HENRY

N.Y. Times' demands are misguided

12:01 am U.S. ET | Aug. 13, 2014
Subprime auto loans have gotten most of the attention, but an editorial in The New York Times on Saturday makes other demands dealers and lenders are sure to dislike.... Read More »

 

JAMIE LaREAU

McDonald's and the dealer franchise system

3:28 pm U.S. ET | Aug. 7, 2014
A decision involving the McDonald’s fast-food chain could have dramatic implications for the franchised car dealer system going forward. Or not.... Read More »

 

Credit union backs off ads blasting dealer reserve

12:01 am U.S. ET | July 21, 2014
A Florida credit union has backed off from an advertising and social medial campaign called “Expose the Truth,” which described dealer reserve as an unfair trade practice most consumers don’t know about.... Read More »

 

Automotive News to host dealer conference at NADA

12:01 am U.S. ET | July 21, 2014
Automotive News will host a half-day conference devoted to dealer issues on Jan. 22 in San Francisco at the Hotel InterContinental during the National Automobile Dealers Association convention.... Read More »

 

Jay Leno, Jeb Bush to keynote 2015 NADA convention

2:03 pm U.S. ET | July 14, 2014
Former Florida Governor Jeb Bush and former “Tonight Show” host Jay Leno will be among the keynote speakers at the 2015 National Automobile Dealers Association Convention & Expo in San Francisco.... Read More »

 

CFPB promises clarity on discrimination; NADA skeptical

12:01 am U.S. ET | June 25, 2014
The Consumer Financial Protection Bureau has promised to provide members of Congress with a white paper later this summer that will explain in more detail how it detects discrimination in auto loans.... Read More »

 

NADA moves to counter franchise system critics

12:01 am U.S. ET | June 16, 2014
Franchised car dealers have taken plenty of heat for their resistance to Tesla Motors' state-by-state campaign to sell cars directly to consumers. Peter Welch, president of the National Automobile Dealers Association, is ready to push back.... Read More »

 

U.S. House bills would constrain CFPB

12:01 am U.S. ET | June 11, 2014
The Republican Party-dominated U.S. House of Representatives, with the encouragement of lobbyists for dealers and automotive lenders, has taken steps to constrain the Consumer Financial Protection Bureau.... Read More »

 

JIM HENRY

Lender consent order grants insight into FTC

12:01 am U.S. ET | June 4, 2014
Dealers and their legal counsels should check out last week's consent order between subprime auto lender Consumer Portfolio Services and the Federal Trade Commission, even though the case isn't about dealerships.... Read More »

 

NADA DATA 2014

Competition expected to restrain store profits

12:01 am U.S. ET | June 2, 2014
Dealership new-vehicle profits won't grow anytime soon.... Read More »

 

EDITORIAL

No margin for error

12:01 am U.S. ET | June 2, 2014
Even with the industry on a roll, dealers must keep working to control costs and protect their profitability.... Read More »

 

Study shows federal regulations cost dealers billions, jobs

6:00 am U.S. ET | May 30, 2014
Franchised new-car dealers in the United States spent a combined $3.2 billion in 2012 to meet federal regulations, a new report found. The report made no attempt to determine whether dealerships, the economy, or consumers benefited in any way from any of those regulations, however.... Read More »

 

JIM HENRY

NADA's take on 'The Fallacy of Flats'

12:01 am U.S. ET | May 28, 2014
The National Automobile Dealers Association has tried for months to impress upon the Consumer Financial Protection Bureau that switching from dealer reserve to flat fees will not eliminate dealerships' ability to set their compensation for auto loans.... Read More »

 

F&I grabs bigger slice of dealership gross profits

12:01 am U.S. ET | May 28, 2014
F&I's contribution to dealership gross profits continues to grow, despite a slight decrease in new-vehicle sales penetration for extended-service contracts, new statistics show. F&I accounted for 38.8 percent of gross profit for dealership new- and used-car departments combined in 2013, up from 36.9 percent in 2012, according to “NADA DATA 2014,” the latest annual U.S. dealership financial profile from the National Automobile Dealers Association.... Read More »

 

NADA: Dealer revenues like never before

12:01 am U.S. ET | May 26, 2014
Dealerships have more than bounced back from the recession. Fewer stores and the recovery in vehicle sales meant record revenues and profits for dealerships last year.... Read More »

 

Bill to ease dealers' emissions paperwork sails through Congress

11:26 am U.S. ET | May 23, 2014
Federal legislation favored by auto dealers as a way to reduce paperwork cleared its final congressional hurdle on Thursday when the Senate passed the bill without a roll-call vote and sent it to President Obama.... Read More »

 

GABE NELSON

Numbers add to NADA's arsenal against Tesla, CFPB

5:04 pm U.S. ET | May 22, 2014
The National Automobile Dealers Association has put out its annual NADA Data report, a statistical smorgasbord that explains where America's franchised car dealers are, how much money they make and how they make it.... Read More »

 

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