Category: News

Congress, President Act to Protect Auto Loan Discounts for Consumers

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.

NADA Launches New Professional Series for Dealership Managers

The new NADA Professional Series provides training to new or high-potential department managers working in sales, office, parts and service.

The History of the CFPB’s Campaign to Eliminate Consumer Discounts in Auto Financing

Today’s vehicle financing model is extraordinarily efficient and competitive and provides access to affordable credit to consumers in all credit tiers.

VIDEO: Ford’s Jim Farley Addresses the NY Automotive Forum

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.

The Final Drive Against the CFPB’s Auto Financing Guidance

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 Vote on S.J.Res 57 to Rescind CFPB Flawed Auto Lending Guidance Expected Week of May 7

House passage of S.J.Res. 57 would end the CFPB’s attempt to eliminate dealer reserve and consumer discounts on auto loans.

Senate Passes NADA-Backed S.J.Res. 57 to Rescind Flawed Auto Lending Guidance

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. 

Dealer Alert: Senate Vote Today on Repeal of CFPB’s Flawed Auto Finance Guidance

All Dealers Should Call Their Senators TODAY to Urge a “YES” Vote for S.J.Res. 57.

NADA Supports Efforts in Congress to Preserve Consumer Auto Loan Discounts

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.

Reflecting the Community: Diversity at the Dealership

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.