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House Approves Resolution to Repeal CFPB’s Dealer Participation Guidance

WASHINGTON, D.C. — The U.S House approved on Tuesday its version of the resolution of disapproval of the Consumer Financial Protection Bureau’s dealer participation guidance. The resolution now heads to President Trump’s desk, where it is expected to be signed. The 234-175 vote was cast largely along party lines, although 11 Democrats crossed the aisle ... Read More »

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Stanton Returns to the NADA as COO

TYSONS, Va. — Michael J. Stanton Jr. has returned to the National Automobile Dealers Association (NADA) as senior vice president and chief operating officer, the trade group announced today. Stanton will work across the organization on strategic and operational issues and the development of new business opportunities. He will oversee the information technology and economics ... Read More »

ADESA Auction at NADA Convention Raises $94,423 for Canine Companions

NEW ORLEANS – An ADESA auction at the NADA Convention and Expo today raised $94,423 for the NADA Foundation, which supports Canine Companions for Independence. Retired Army Sgt. Steve Blackman and his service dog, Gottlieb, attended the auction today to represent Canine Companions. “My life has completely changed. No longer do I wake every morning ... Read More »

NADA Chairman Mark Scarpelli Announces New Initiative, Pledges Total Support of Auto Dealers

NEW ORLEANS – In his first official speech as 2017 chairman of the National Automobile Dealers Association, Mark Scarpelli on Saturday unveiled a new initiative designed to help local dealerships showcase all the benefits they bring to their millions of customers, the 1.1 million dealerships employees in the U.S., and to countless communities across the ... Read More »

Spireon Unveils Kahu at NADA 2017

IRVINE, Calif. — Spireon Inc., the leader in aftermarket telematics solutions for risk management and business optimization, will introduce its latest connected car solution – Kahu™ – at the National Automobile Dealers Association (NADA) Convention & Expo in New Orleans. Kahu is designed for dealers, providing streamlined lot management while delivering a new finance and ... Read More »

NADA: 17.4 Million Units Possible for 2017

LOS ANGELES — Noting that the economic outlook is a little less certain than a week ago, the National Automobile Dealers Association’s Steven Szakaly called for a 17.1 million-unit year in 2017. But the NADA’s chief economist said he’ll have a better read by the end of February, beginning of March. By that time, Szakaly ... Read More »

NADA: Supply, Incentives Driving Down Retention Rates

MCLEAN, Va. — Through September, retention rates for most model-year 2013 vehicles are down across the board compared to last year, according to NADA Used Car Guide. Larry Dixon, the firm’s director of market intelligence, said increased supply and incentives are the reasons. “We estimate that the supply of used vehicles up to five years ... Read More »

NADA Hires Digital Media Director

TYSONS, Va. — The National Automobile Dealers Association (NADA) has hired Abram Olmstead as its digital media director. Olmstead will oversee the NADA’s communications efforts across all digital platforms, as well as lead the development of the association’s strategy for using online platforms to communicate with and market to both internal and external audiences. “In ... Read More »

E-Credit Express Lender Management Platform Enhanced with NADA Used Car Guide’s Trusted Vehicle Values

MCLEAN, Va., – E-Credit Express (ECE) — a fully patented, automated, online lender management platform (LMP) that connects dealers to over 1,300 lenders instantly — has recently entered into an agreement with NADA Used Car Guide — the leading provider of used vehicle values — to speed up the used vehicle sale and loan approval ... Read More »

July’s 2.3% Drop in Wholesale Prices Ties June Record, NADAUCG Reports

MCLEAN, Va. — Wholesale prices for vehicles up to eight years in age fell 2.3% in July, tying June for the biggest drop recorded so far in 2016, according to the NADA Used Car Guide. As a result, the firm lowered its seasonally adjusted used vehicle price index 1.1% to 118.9 . The largest decline in ... Read More »