Category: News
NADA Issues Second Quarter 2020 Auto Sales Analysis
During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.
Dealerships Jobs Starting Climb Back From April Lows
New data out of the Bureau of Labor Statistics (BLS) shows that franchised dealerships added 80,200 jobs in May, an extremely encouraging sign for employment in U.S. automotive retail.
NADA Market Beat: June Vehicle Sales Increased to 13 Million SAAR
New light-vehicle sales in June improved compared to May but remain down significantly compared to this time last year.
NADA Chairman Rhett Ricart: Our Manufacturers Need Us More Than Ever
The COVID-19 pandemic has opened a greater dialogue between automakers and dealers, and we cannot miss this chance for the advancement of the industry that many of us have spent our lives building.
A Message from NADA President and CEO Peter Welch
Racism and discrimination have no place in the car business, or America. We must root them out together. Everyone deserves to be treated respectfully and fairly. Everyone deserves justice, and it pains us to see injustice. When anyone in our family hurts we all hurt, and we are hurting with you.
NADA Hosts Second Virtual Town Hall Meeting Offering Dealers Latest Updates During COVID-19
While full recovery is months ahead, Chairman Rhett Ricart, and President and CEO Peter Welch addressed dealers during NADA’s second all-dealer virtual town hall on Thursday, May 22.
NADA Chairman Says Dealers Are Helping America Get Back to Work
“America’s auto dealers are putting people back to work,” said NADA Chairman Rhett Ricart in a recent video message to dealers, employees and customers.
NADA President and CEO Peter Welch Announces Retirement at End of 2020
Prior to joining NADA, Welch held several positions with the California New Car Dealers Association (CNCDA), the nation’s largest state auto dealer association.
AutoNation Chairman and CEO Mike Jackson Talks COVID-19 Impact on CNBC’s Squawk Box
“I think it was a great moment for every dealership in America that proved to be a pillar of their communities.”
Accelerating Auto Trends in the Time of COVID-19
People are now more reliant on personally owned vehicles and here’s the key fact: 20% of people in the United States who do not currently own a vehicle, are now considering purchasing one.
