David Westcott

Clinton greeted warmly by dealers, hails GM's Barra

1:32 pm U.S. ET | Jan. 27, 2014
Hillary Clinton, whose choice as NADA keynote speaker caused such controversy, was warmly received by dealers this morning as she gave an hour-long speech to a near-packed house at the Morial Convention Center.... Read More »

 

Westcott: Keep defending reserve

5:51 pm U.S. ET | Jan. 25, 2014
NADA must continue to defend in-dealership financing or the car-buying public will suffer, outgoing NADA Chairman David Westcott told dealers today.... Read More »

 

Q&A: NADA CHAIRMAN DAVID WESTCOTT

CFPB will stay NADA's 'No. 1 issue'

12:01 am U.S. ET | Jan. 24, 2014
Shortly after David Westcott became chairman of the National Automobile Dealers Association a year ago, the Consumer Financial Protection Bureau made clear it saw problems with the dealer reserve, the interest rate markup on vehicle loans that dealerships arrange for customers. Westcott and new NADA President Peter Welch had another battle to fight. Westcott, 67, spoke with Staff Reporter Amy Wilson.... Read More »

 

NADA PREVIEW

Protecting dealer reserve became Westcott's priority

12:01 am U.S. ET | Jan. 20, 2014
David WestcottWhen David Westcott became chairman of the National Automobile Dealers Association a year ago, two-tier pricing and dealership facility guidelines topped his agenda. Then the Consumer Financial Protection Bureau set its sights on the dealer reserve, the interest rate markup on vehicle loans that dealerships arrange for customers. Westcott and new NADA President Peter Welch had another battle to fight.... Read More »

 

JIM HENRY

Are dealers, lenders at odds on CFPB?

12:01 am U.S. ET | Oct. 23, 2013
Dealers and lenders have said they are united in opposing the Consumer Financial Protection Bureau's proposed changes to the indirect lending model, but they could be moving out of sync.... Read More »

 

NADA's Westcott calls CFPB push to eliminate dealer-assisted financing 'huge threat'

4:03 pm U.S. ET | Oct. 16, 2013
Replacing dealer-assisted financing with flat fee compensation, as advocated by the Consumer Financial Protection Bureau, poses “a huge threat to the consumer,” the head of the National Automobile Dealers Association warned again today.... Read More »

 

KEITH CRAIN

I'm wearing a new mask

12:01 am U.S. ET | Aug. 26, 2013
Just for fun, NADA officers brought a mask of Hillary Clinton, who will be NADA's keynote speaker at the convention next year in New Orleans.... Read More »

 

Data security vexes dealers

12:01 am U.S. ET | Aug. 26, 2013
Dealership data security and protection of consumer information remain major dealer concerns, said David Westcott, chairman of the National Automobile Dealers Association.... Read More »

 

NADA: Flat fee push misguided

12:01 am U.S. ET | Aug. 26, 2013
The National Automobile Dealers Association intends to "keep pounding" to persuade Congress and the Consumer Financial Protection Bureau that the bureau's campaign against dealer reserve could backfire.... Read More »

 

Record store profits -- and more to come

12:01 am U.S. ET | July 8, 2013
Last year was the best ever for auto dealership profits, and signs point to a better 2013. In 2012, pretax profit at the average U.S. dealership rose 6 percent to $843,697 in constant 1982 dollars. NADA chairman David Westcott is optimistic about the industry's profits this year.... Read More »

 

Subscribe
Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
» Watch the Video
     
News by Brand


Rocket Fuel