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This week, a U.S. House committee passed H.R. 1737, a bipartisan bill that aims to repeal the Consumer Financial Protection Bureau’s 2013 guidance on dealer participation.
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Industry associations responded this week to a New York Times opinion piece claiming that subprime auto lending is a predatory practice that stands to go the way of subprime mortgages.
Read More →The “Get the Facts” initiative provides online materials demonstrating the benefits of franchised dealerships, which the association is encouraging dealers to share on their own websites.
Read More →In response to an invitation from General Motors Co., the trade organization discussed several pressing industry and dealer issues with the automaker’s 14-member board of directors and management staff in Detroit this month.
Read More →The NADA’s Peter Welch warned lawmakers this week that a bill concerning rental car recalls could subject dealers to new federal inspections, reporting requirements and penalties.
Read More →The national dealer trade group selected Peter K. Welch, president and CEO of the California New Car Dealers Association, as its new president.
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