NADA and the publicly owned new-vehicle retailers have good relations today, with executives from the public groups on NADA boards and committees, and close cooperation in lobbying, industry analysis, and legal and regulatory matters. But it wasn't always that way.
Sid DeBoer, the founder of Lithia Motors Inc., said publicly traded groups considered it a big vote of confidence when investment guru Warren Buffett, CEO of Berkshire Hathaway Inc., led the buyout of Van Tuyl Group, of Phoenix, then the nation's largest privately held auto retail group.
In this Q&A, Sid DeBoer talks about taking Lithia Motors public and the early days of public ownership of dealership groups.
For 100 years, NADA has been the voice of dealers, from the halls of the federal government to the boardrooms of manufacturers.
NADA's partnerships with other dealership-related associations help it to bolster advocacy efforts and broaden its industry view.
As one of more than 100 members of the Automotive Trade Association Executives in the United States, I have had a front-row seat to watch how NADA works and all it has done on behalf of the nation's 16,000-plus franchised new-car and -truck dealerships.