Reduced inventory, while not a limiting factor earlier in the year, has slowed new vehicle sales in recent months.
Demand for commercial vehicles continues to be strong, with industry-wide supply shortages limiting production and sales.
2020 Truck Dealer of the Year Oscar Horton Offers Guest Lecture to Indiana University Business Students
The guest lecture is part of the annual Truck Dealer of the Year award program, which offers the winner the opportunity to speak to business students with an interest in entrepreneurship.
New light-vehicle sales in September 2021 fell for the fifth straight month to a SAAR of 12.2 million units.
As a result of Hurricane Ida, the Emergency Relief Fund has distributed $170,000 to 190 dealership families in Louisiana and is working to process an additional 400 applications for assistance.
Over the past few years, the way people research and buy cars has changed dramatically and auto dealerships have had to change dramatically, too.
New light-vehicle sales in August continued to decline amid still-shrinking inventory on dealer lots. Sales in August totaled a SAAR of 13.1 million units, the lowest level since June 2020’s 13 million.
NADA Foundation’s Emergency Relief Fund Poised to Help Dealership Employees Impacted by Hurricane Ida
The NADA Foundation’s Emergency Relief Fund is “poised and ready” to help dealership employees and their families impacted by the devastation of Hurricane Ida, announced Foundation Chairwoman Annette Sykora.
Urban Science recently executed two surveys, one with the Harris Poll taken among consumers, and one executed independently among dealers.
As a new school year kicks off with some uncertainty, one thing is for sure: Dealers will continue to support education.
I invite all dealers and managers to continue pursuing education through ATD’s many curriculum offerings and training.
To honor DeSilva, award sponsor Ally Financial hosted an event for the second-generation dealer in Mahwah, N.J. on Aug. 12, 2021.
Held in the summer for the first time, the five-day Chicago Auto Show Special Edition entertained more than 100,000 attendees during its unprecedented run.
Earlier this week, NADA Show Committee chairman Scott Dube joined CBT News host Jim Fitzpatrick to discuss the 2022 NADA Show coming back to Las Vegas March 10-13, 2022.
Congress created the Employee Retention Tax Credit (ERTC) in March 2020 to provide financial relief to small businesses during the pandemic. Here are some key facts about the ERTC and how you may benefit from it.
As operating in the coronavirus environment is the new normal, the week of Aug. 9 to 15 marks the Occupational Safety and Health Administration’s (OSHA) Safe + Sound Week.
Despite production limitations from the chip shortage, new-vehicle demand remains strong among both retail and fleet customers. Our total 2021 forecast for new light vehicles is 16.5 million units.
NADA, which has produced this dynamic gathering for more than 100 years, will start things off with a Welcome Kickoff Reception the first night of NADA Show, featuring a musical performance by the Grammy Award-winning band Train!
America’s new-car and -truck dealerships are a great place for military veterans to establish a long-lasting, rewarding career.
To help secure recognition for dealers who are leading the pack, NADA/ATD and the Environmental Protection Agency (EPA) are conducting a dealership Energy Use Survey.
NADA’s director of Program Development, Michael Fullam, passed away on July 8 after a fight against cancer.
Looking for a low-pressure, experiential environment where you can explore the latest and greatest cars or trucks that the auto industry has to offer? Then without a doubt your first stop should be your local auto show.
Dealers are “all in” on EVs and incredibly excited about the new electrified products that are being announced almost daily. And dealers are hungry for the sales and service opportunities that are going to come with having numerous new EV models to sell.
In the second quarter of 2021, sales totaled a 17.0 million unit SAAR, up slightly from the 16.9 million unit SAAR in the first quarter of 2021.
Since 2007, NADA/ATD have partnered with Environmental Protection Agency (EPA) to help dealerships use energy more efficiently.
New light-vehicle sales fell for the second straight month in June.
Truck dealers continue to face challenges as overly broad regulations, harmful taxes, and unreasonable mandates impact our businesses, customers and employees.
New light-vehicle sales remained strong in May but fell slightly from April’s highs.
NADA needs you to complete the NADA Dealership Energy Use Survey before the June 5 deadline. By doing so, you will help show that dealerships are invested in a sustainable future.
“We’re going to set a new pace for electric vehicles,” Biden said. The President spoke to Ford workers and executives in front of a display and map touting the company’s “EV-certified dealer network” consisting of 2,300+ EV-certified dealers nationwide, trained EV sales teams, EV-qualified technicians and certified collision locations.
On May 5, the chairman of the powerful House Committee on Transportation and Infrastructure Peter DeFazio (D-Ore.) visited ATD member dealership TEC Equipment in Coburg, Ore.
April’s new light-vehicle sales saw an 18.5 million-unit SAAR—the second straight month (following a March revision) of sales above 18.0 million units and the highest monthly sales rate since July 2005 with a 20.6 million SAAR.
The National Automobile Dealers Association (NADA) vehemently condemns anti-Asian violence and xenophobia, and stands in solidarity with and support of the Asian and Asian American communities. Hatred has no place in America or elsewhere.
The economy continues to show strong signs of recovery from the coronavirus pandemic. The widespread dissemination of the COVID-19 vaccine and the stellar new light-vehicle sales in March are reasons to be optimistic for the remainder of 2021.
The Supreme Court’s decision is clearly a massive landmark in TCPA jurisprudence, and it means that businesses may now use certain automated technology to make certain calls to cellphones without prior consent.
New light-vehicle sales in March 2021 were stellar. March’s SAAR of 17.75 million units is the second highest of all time for the month and just shy of March 2000.
New study in the journal Applied Economics analyzed data on new car sales, finding that dealership competition “significantly” lowers consumer prices on new car and truck purchases.
These women are vital to the organization’s leadership and have proved indispensable players, influencing policy and driving the auto retail industry forward.
“Franchised dealers are making big investments in the future of selling EVs. We’re part of the solution. We’re essential to rolling out electric vehicles to the mass market.”
2020 Time Dealer of the Year Susan Moffitt Proves the Undeniable Power of Women in Automotive Retail
Moffitt is also committed to helping support younger generations of dealers and dealership employees and most recently spoke about the power of women in the auto retail industry at the Women Driving Auto Retail happy hour event held in conjunction with NADA Show 2021.
The beauty of our industry is that anyone can thrive—even through market turmoil culture and a global pandemic. I commend fellow dealers for your hard work through these unprecedented times.
Despite the chip shortage headwinds, we are very optimistic about new-vehicle sales in 2021. We expect continued steady retail demand and improving fleet demand growth throughout the rest of the year.
From virtual showrooms to at-home test drives, new ways of engaging with the customer are making it easier for buyers to shop from home and minimize in-person contact.
At this year’s first-ever virtual NADA Show, ADESA hosted their annual charity auction to benefit the NADA Foundation to support Canine Companions for Independence (CCI).
NADA 2021 Chairman Paul Walser Says Dealers Must “Look at Things Differently” to Succeed and Strengthen Franchise System
Paul Walser, in his first remarks as NADA 2021 Chairman, urged dealers to look inward, think differently and take on new challenges in order to promote and strengthen the franchise system during a pivotal year for the industry.
A Recap of Day Two
On January 28, NADA hosted a webinar entitled “2021 Policy Outlook: What Changes Can Be Expected in the New Administration.”
Car dealerships have three big questions when it comes to television advertising these days, TVB President and CEO Steve Lanzano said during his Wednesday session on the NADA Live Stage.
A Recap of Day One.
Regional Finalists were Michael Molstead, Christine Alicandro Karnolt, Timothy Crenwelge and Christina Dawkins.
New light-vehicle sales in January started off the year at a strong pace. While the January 2021 SAAR of 16.63 million represents a decline of 1.4% from January 2020, it was the highest monthly SAAR since the start of the pandemic.
Launched in August 2019, the video contest is part of NADA’s Women Driving Auto Retail initiative, which highlights the current voices of women working in dealerships and encourages other women to pursue automotive careers.
We have pulled through one of the most challenging times of our lives, and I’m confident that we’re well-positioned to take advantage of the new year’s opportunities.
Commercial truck sales closed out 2020 with total sales just shy of 410,000 units, a decline of 22.3% from the 2019 total.
Franchise Meetings Offer Dealers Prime Opportunity to Connect and Ask OEMs Questions at NADA Show 2021
While dealers won’t be able to convene in-person in New Orleans, the Auto Industry Event of the Year will still go on – offering all the benefits the Show has to offer, including the opportunity for dealers to get exclusive insights into their respective brands via franchise meetings with OEM representatives.
2020 came to a close with new-light vehicle sales of 14.46 million units, down 14.7% compared to 2019.
In today’s business environment, cybersecurity is of vital concern to businesses of all kinds and all sizes. However, auto dealerships, in particular, have faced a marked increase in cyber attacks.
The year came to close with new light-vehicle sales of 14.46 million units, down 14.7% from 2019 and the lowest full-year sales total since 2012.
In January 2020 Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger appointed a taskforce on Federal Consumer Financial Law to explore and make recommendations on ways to improve consumer protection in the marketplace.
Dealership Buy-Sell Firm Haig Partners Makes $10,000 Donation to NADA Workforce Initiative and Launches Match Program
In addition to their $10,000 donation, Haig Partners is launching a match program that could generate another $20,000.
North Carolina Dealer Launches Classic Car Restoration Contest to Keep Service Department Employees Working
John Hiester of the Heister Automotive Group in Fuquay-Varina, N.C. created a competition pinning teams of service employees against each other to restore classic vehicles.
NADA Show 2021 is bigger, better and jam-packed with keynote speakers, workshops and education sessions that the entire dealership can benefit from.
It is my hope that the rest of the industry, including automakers, heed the lessons already learned, and truly listen to what their own customers are telling them about the importance of convenience, flexibility, transparency and fairness in the vehicle sales process.
To celebrate and recognize our alumni, we are excited to announce the relaunch of the NADA Academy Experience Contest. The contest will showcase the lives and legacies of graduates who embody the mission of NADA academic excellence and leadership.
For 2020, we expect that new light-vehicle sales will total 14.2 million units. There may be some regional ups and downs in sales as the country deals with spikes in COVID-19 cases throughout the winter months.
We want to work with our OEM partners to ensure that the customer satisfaction that is at record levels stays that way.
Despite everything that’s taken us to our breaking point, we’ve survived. And I know we’ll come out of 2020 as resilient as ever!
Share how you have adapted as a woman inside your dealership and why the auto retail industry is still a great career path.