New study in the journal Applied Economics analyzed data on new car sales, finding that dealership competition “significantly” lowers consumer prices on new car and truck purchases.
Four senior officials from the National Automobile Dealers Association (NADA) attended yesterday’s White House Economic Summit in Washington, which featured dialogue between business owners and senior White House officials on economic, budget, tax and trade policies.
Annette Sykora, chairman of the National Automobile Dealers Association (NADA) Foundation, met with White House officials on Thursday to discuss its new Workforce Initiative and potential engagement with the recently announced President’s National Council for the American Worker.
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.
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?
It’s day three of the auto industry event of the year, the NADA Convention & Expo in New Orleans, where America’s new-car and -truck dealers are celebrating the 100th anniversary of NADA and of the industry as a whole.