Category: Financing

Dealerships 101: What is Auto “Floor Plan” Lending?

Many consumers who purchase new cars or trucks from local dealerships may not realize that the dealership actually owns those cars and trucks, which they purchase directly from the factories. So how are dealerships able to afford keeping an inventory of all of those new cars and trucks on their lots? 

NADA Chairman Discusses the Negative Consequences of Stair-Step Incentive Programs

NADA Chairman Mark Scarpelli on Tuesday urged automakers to consider how stair-step incentive programs are damaging their brands, and alerted manufacturers about the unintended consequences of such programs that erode consumer trust and lead to a lack of loyalty to – and desire for – their brands over time.

Hundreds of New-Car and Truck Dealers Visit Capitol Hill During Annual Washington Conference

More than 400 new-car and truck dealers and dealer association executives from across the country traveled to the nation’s capital this week urging lawmakers to implement pro-growth tax reform.

These 5 New-Car Dealerships are Changing the Face of Automotive Retail

MyDealership.org is an initiative by America’s local new car and truck dealerships, designed to show the benefits of local dealerships to consumers, local communities, and car manufacturers.

A Good Relationship Is a Two-Way Street

I am holding strong to the stance that if factory efforts such as stair-step incentive programs run afoul of everything we and our customers care about, including fairness and transparency, then we are obliged to tell our factory partners that the stairs are merely steps leading directly to the basement.

NADA Praises CHOICE Act Provisions to Preserve Consumer Discounts in Auto Financing

On Wednesday, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) introduced the Financial CHOICE Act, H.R. 10, a comprehensive financial reform bill.

3 Reasons to Attend America’s Premier Dealership Training Program

If you work in automotive retail, chances are that you or someone you know has benefited from the NADA Academy. Founded in 1979, the industry standard for dealership operations training has prepared generations of automotive leaders for successful dealership careers.

7 Key Facts About Automotive Retail

NADA’s 100th anniversary is a great opportunity to check the pulse of the industry, and then roll up our sleeves for the next 100 years.

100 Years of Standing Up for Our Customers

We should never forget that this association’s genesis was in 1917 when dealers wanted to defend their customers from unfair policies in Washington, D.C.

Auto Dealers Rally Behind Consumer-Focused Senate Bill

NADA’s battle to tame the CFPB continues and Senate bill S. 2663 is the next chapter.