In testimony before the U.S. Department of Commerce, NADA President and CEO Peter Welch on Thursday urged the Trump Administration to find ways to address “genuine trade concerns” without imposing auto tariffs that would only hurt American consumers and small businesses.
NADA President and CEO Peter Welch Warns of ‘Serious Unintended Consequences’ of Tariffs on Imported Autos and Parts
“New tariffs on imported autos and parts, if broadly implemented, would hurt the auto industry, and our customers and our economy as a whole,” Welch said in a video released Monday.
Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies.
German Chancellor Angela Merkel said on Thursday she would back lowering European Union tariffs on U.S. car imports, responding to an offer from Washington to abandon threatened levies on European cars in return for concessions.
NADA’s comments were filed with the Commerce Department in response to proceedings being conducted under section 232 of the Trade Expansion Act of 1962 intended to determine the effects on the national security of imported automobiles, including cars, SUVs, vans and light trucks, and of imported automotive parts.
Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars.
Last week, 38 heavy-duty truck dealers and Automotive Trade Association Executives (ATAE) from 17 states attended ATD’s legislative fly-in. In all, 92 meetings were held on Capitol Hill to rally congressional support for S. 3052 and H.R. 2946, bills that would repeal the FET.
The Trump Administration announced in late May that it was initiating an investigation that could result in a tariff of up to 25% on imported automobiles and automobile parts.
For businesses like Southern Auto Group, the U.S Department of Labor – through its HIRE Vets Medallion Program – will recognize employers who recruit, retain and employ veterans, and who offer charitable services in support of the veteran community.
“It’s the highest excise tax Congress levies on a percentage basis on any product, including alcohol and tobacco,” said ATD Chairwoman Jodie Teuton. “It’s time for Congress to repeal this tax.”
Truck manufacturers, suppliers and industry stakeholders — along with dealers — stand a better chance of repealing the FET if we do it together.
Our program helps dealers to offer competitive rates to our customers while abiding by the nation’s fair credit laws. It’s good for our customers, good for our businesses, and implementing it is the right thing to do.
Many dealers may have seen news stories about the broad privacy and data security regulation coming from the European Union (EU) called the “General Data Protection Regulation” or “GDPR.”
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.
NADA commissioned a large-scale research project that included consumer focus groups and a national survey about the future of personal transportation. And what we found cuts against much of the “conventional wisdom.”
“NADA has long supported a data-driven and informed process for determining future greenhouse gas and fuel economy standards, and we applaud EPA for putting us back on this path.”
“This decision upholds more than 40 years of consistent interpretation by the courts and the executive branch, and will allow the auto retail industry to continue structuring employment relationships that are efficient and beneficial to dealerships, their employees, and their customers.”
“This sentiment cuts across all demographics and is a durable, fundamental desire of most consumers, even millennials. Ride-hailing will continue to supplement personal vehicle ownership going forward, but it will not supplant it.”
“The automobile is the most exciting platform for innovation in the next 100 years,” says new NADA Chairman Wes Lutz.
Waymo’s John Krafcik, NADA President & CEO Peter Welch and AutoNation Chairman & CEO Mike Jackson had a wide-ranging discussion on technology’s role in the future of the auto industry during NADA Show 2018.
Autonomous vehicles represent a new way forward in mobility, NADA Chairman and CEO Peter Welch said.
The NADA Foundation’s Board of Trustees has approved plans and funding for a largescale workforce initiative to promote the value of dealership jobs, especially service technicians, in the automotive retail industry.
As always, NADA will continue to work with the Trump Administration and Congress to advocate for policies, including trade policies, that enable our customers to be the driving force behind our success and the success of the U.S. economy.
Shortly after taking over as President and CEO of Volvo, Anders Gustafsson made an ambitious plan to meet with all 300 of the Swedish automaker’s U.S. dealers in one week.
“The key to our success has been thinking about the dealers upfront, to allow true collaboration with the brands and integration at a national level that is consistent all the way down to the local retail experience.”
Early Saturday morning, the Senate passed the “Tax Cuts and Jobs Act,” (H.R. 1) which included a NADA-supported amendment to preserve 100 percent deductibility of interest on floor plan loans (a specialized loan that funds vehicle inventory).
The National Automobile Dealers Association (NADA) on Friday released its 2018 U.S. sales forecast, predicting the sale of 16.7 million new cars and light trucks.
Dealership employees from Manly Automotive Group in Santa Rosa, Calif., receive financial assistance from the NADA Foundation’s Emergency Relief Fund following the wildfires and firestorm that incinerated thousands of homes in the city.
Employment and payroll at U.S. new-car dealerships continued to rise through the first six months of 2017, according to a new midyear report released today by the National Automobile Dealers Association.
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.
“From start to finish, the nation’s franchised new-car dealership network has to benefit consumers in newer ways than ever before,” said Wes Lutz, 2018 chairman-elect.
Gary Matern, president and general manager of O’Brien Auto Park of Fort Myers, estimates nearly all 145 employees working at his Hyundai-Subaru-Mazda dealership sustained some level of property damage to their homes and cars.
Given the number of people affected and the sensitive type of information exposed, dealers should understand the basics of the breach and what it means for their customers.
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.
Just past midnight, about 36 hours after Hurricane Harvey first made landfall in southeast Texas, flood water began seeping through a side bedroom and front door of James Lloreda’s home in Dickinson, Texas, about 25 miles southeast of Houston.
As the news cycle inevitably shifts, the Gulf Coast region in Texas is only just beginning its recovery process. And for the dealership employees who sustained property damage from Hurricane Harvey, the impact will be felt for years to come.
Rhett Ricart, chairman of NADA’s Regulatory Affairs Committee and president, Ricart Automotive Group in Columbus, Ohio, testifies at a U.S. EPA hearing in the nation’s capital on Sept. 6, 2017 on the midterm evaluation of GHG emissions standards for model year 2022-2025 light-duty vehicles.
Four days since Hurricane Harvey first made landfall in southeastern Texas, the severity of the situation in the Houston area and surrounding communities is still unknown, the weather conditions have not improved and more flooding is on the way.
NADA Foundation Mobilizes Emergency Relief Fund for Dealership Employees Impacted by Hurricane Harvey
The situation in East Texas is dire. Hundreds of thousands of people have been evacuated from their homes – but in many cases, the traffic arteries to get them out of town are closed
Robert P. Mallon, former president of the National Automobile Dealers Association and chairman emeritus of the National Automobile Dealers Charitable Foundation, died on August 3. He was 83.
Congressional support for H.R. 2946 – a bill that would repeal the federal excise tax (FET) on the retail sale of most heavy-duty trucks, tractors and trailers – is gaining traction on Capitol Hill.
The first problem with Sibilla’s argument is, of course, that the referenced study has been thoroughly debunked. In fact, in February 2015, Washington Post Fact Checker Glenn Kessler described it as “bizarrely outdated” and gave it a maximum of Four Pinocchios for false claims.
With six months of U.S. new-vehicle sales in the books, the National Automobile Dealers Association (NADA) is holding steady at its original sales forecast of 17.1 million new cars and light trucks for 2017.
Sales of new crossovers, SUVs and pickup trucks continued to gain market share through the first five months of 2017, NADA reports in the May edition of Market Beat.
On Wednesday, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) introduced the Financial CHOICE Act, H.R. 10, a comprehensive financial reform bill.
Employment at U.S. commercial truck dealerships has reached its highest point in five years, according to a new report from the American Truck Dealers (ATD), a division of the National Automobile Dealers Association.
Mike Jackson, chairman and CEO of AutoNation, said dealers will have to find creative ways to grow their business in an ever-challenging retail environment during an interview with Wall Street Journal reporter Mike Spector at the 2017 NADA/J.D. Power Automotive Forum on April 11.
Employment, wages and payroll at U.S. new-car dealerships all continued to rise in 2016, according to a new report released by the National Automobile Dealers Association.