Amid a meltdown of the credit markets and the seemingly impending collapse of GM and Chrysler, NADA lobbied federal policymakers to shape the response to the biggest U.S. financial crisis since the Great Depression on behalf of auto dealers.
NADA was a driving force behind the U.S. government's “cash for clunkers” program, which fueled a sales bonanza amid the depths of the Great Recession in 2009.
People in Washington often forget that the beauty of our system of government is rooted in the notion that our citizens get to choose how they are governed. As anyone who has run a business can tell you, Washington and the 50 state capitals can be dangerous places for business.
The 2009 bankruptcies of General Motors and Chrysler Group represented perhaps the darkest moment in the history of the U.S. auto industry. That was particularly true for about 3,000 GM and Chrysler dealerships that were forced to close because of the bankruptcy process.
Thousands of dealership terminations by General Motors and the former Chrysler Group in 2009 stirred deep resentment among affected dealers -- not only against Washington politicians, but against the automakers and NADA.
Despite the criticism it endured for the eventual outcome, NADA and its leaders deserve credit for standing up for dealers during the thousands of General Motors and Chrysler dealership terminations in 2009, says Dave Regan, the association's executive vice president of legislative affairs.
In February 2008, I began my term as NADA chairman. Mention that year to people in the auto industry, and their facial expressions will reveal the challenges it presented.