President Trump signed into law S.J. Res. 57 – a measure passed by Congress to reject a Washington bureaucracy’s rule which could have eliminated the ability of car dealerships to discount loans for their customers.
The new NADA Professional Series provides training to new or high-potential department managers working in sales, office, parts and service.
Today’s vehicle financing model is extraordinarily efficient and competitive and provides access to affordable credit to consumers in all credit tiers.
Jim Farley, Ford’s president of global markets, recently addressed the NY Automotive Forum in advance of the New York International Auto Show. Learn about Jim’s first car and the future of the franchise business by watching his talk here.
My fellow dealers, we are on the 2-yard line. And if we can get the ball across the goal line, our efforts to finally rescind this deeply flawed and anti-consumer CFPB guidance will have at long last have paid off.
House passage of S.J.Res. 57 would end the CFPB’s attempt to eliminate dealer reserve and consumer discounts on auto loans.
Yesterday, by a bipartisan vote of 51-47, the Senate approved S.J.Res. 57, which rescinds the Consumer Financial Protection Bureau’s (CFPB’s) flawed auto finance guidance.
All Dealers Should Call Their Senators TODAY to Urge a “YES” Vote for S.J.Res. 57.
Two separate measures are under consideration in Congress to repeal the Consumer Financial Protection Bureau’s (CFPB) deeply flawed and anti-consumer auto financing guidance from 2013 that pressures indirect auto lenders to eliminate the ability of local dealerships to offer discounted auto loans to their customers.
With demographics set to transform the face of America, the automobile industry is continuing to explore how dealers and automakers tackle the internal issue of how best to advance minority and women dealers and dealership managers and encourage diversity.