Report: NADA angers some by choosing Hillary Clinton as convention keynote speaker

Filed under: Car Buying, Government/Legal

Automotive News is reporting a serious backlash from car dealers regarding the North American Dealers Association’s choice of keynote speaker for the annual industry confab in January: former first lady and secretary of state, Hillary Clinton.

AN spoke to one dealer that not only cancelled his trip to the NADA conference, but revoked his dealership’s membership outright over the association with Clinton. In defense of its choice, NADA Chairman David Westcott argued that the dealer advocate wanted “somebody well-known, with a name – a draw.”

Still, NADA members aren’t pleased with the choice, with dealers delivering a barrage of angry messages since Clinton’s selection, according to Automotive News. Some of the angry messages relate to the former secretary of state’s politics, no doubt, but some might just be upset about the expense of such a big-name speaker – AN cited media reports that Clinton commands about $200,000 per speech.

NADA isn’t backing down, though, with its president, Peter Welch, delivering a level-headed response to AN’s inquiry about the choice: “Our job is to provide our members with exposure to all facets of business and government that can affect their dealerships. Like her or not, Senator Clinton is perhaps the most prominent woman of modern times.”

NADA angers some by choosing Hillary Clinton as convention keynote speaker originally appeared on Autoblog on Mon, 29 Jul 2013 19:29:00 EST. Please see our terms for use of feeds.

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Report: NADA and banks working to curb new federal oversight efforts

Filed under: Car Buying, Government/Legal

nada logoIn 2010, the Federal Trade Commission received 1,339,265 complaints. According to the National Automobile Dealer’s Association, less than one percent of those complaints were related to new or used auto sales. That relatively low number (compared to the 250,854 people who complained of identity theft) has NADA upset over the government’s decision to pursue the creation of an automotive lending consumer advocacy agency.

NADA has given its official support to the congressional Republicans who are looking to put the clamps on this new oversight group.

This agency will be formed as part of legislation that seeks to simplify auto loan disclosure forms, and the entire process of borrowing money to obtain a new set of wheels. On the contrary, NADA believes this advocacy agency could lead to financing abuses related to the level of power granted to those in charge.

NADA and banks working to curb new federal oversight efforts originally appeared on Autoblog on Wed, 25 May 2011 17:32:00 EST. Please see our terms for use of feeds.

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NADA projects 11.3% rise in auto sales in 2011

Filed under: Car Buying, Etc.

Shopping for a Hyundai Genesis Coupe

The US Auto Industry may be looking at a 2011 filled with sales gains, if NADA’s forecasters are correct. The National Automobile Dealer’s Association predicts that US auto sales will rise 11.3 percent. That puts total volume just shy of 13 million units.

The reason for the increase? The average age of cars and trucks on the road is approximately 10.3 years. Therefore, the increased sales will be driven by consumer needs rather than desires. Basically, people will have to upgrade their heaps for something shiny and new (and running).

[Source: Automotive News – sub. req. | Image: Kevork Djansezian/Getty]

NADA projects 11.3% rise in auto sales in 2011 originally appeared on Autoblog on Sun, 09 Jan 2011 12:05:00 EST. Please see our terms for use of feeds.

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Report: NADA president urges Fed to reconsider fuel rules

Filed under: Car Buying, Government/Legal

Ed Tonkin, NADAThe National Automobile Dealers Association has joined the ranks of those opposed to upping Corporate Average Fuel Economy standards to 60 mpg by 2025. The dealer group says that with fuel prices still low, consumers are more interested in horsepower and style than they are super-efficient vehicles. That means that if the federal government starts mandating ever more efficient vehicles that are significantly costlier to manufacture, dealers are likely to see sales falter as automakers have to elevate MSRPs to keep from losing their shirts. That’s the fear of NADA chairman Ed Tonkin and his constituents. Tonkin should know – he himself owns a mutli-brand dealership in Portland.

Of course, Tonkin’s argument hinges against further upping CAFE numbers hinges upon fuel prices staying at their current levels — something that even the most optimistic minds are hesitant to believe. The federal government is expected to unveil its plan for increasing fuel economy standards early next year. So far, word has it that the Obama Administration is looking to impose an average of 35 mpg by 2016 and as much as 60 mpg by 2025.

[Source: The Detroit News | Image: NADA]

Report: NADA president urges Fed to reconsider fuel rules originally appeared on Autoblog on Fri, 22 Oct 2010 18:30:00 EST. Please see our terms for use of feeds.

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NADA picks vehicles with best cost of ownership

Filed under: Car Buying, Earnings/Financials

NADA picks vehicles with the best cost of ownership – Click above for high-res image gallery

We’ve all been there. A new car model of some variety or another strikes our fancy, we start playing around with the configurator, and before long we’re staring at a nice, tidy monthly payment on the computer screen. It seems reasonable. With a little starvation and the occasional dabbling in petty crime, it might even be easy to hand over that stack of hundred-dollar bills each and every month. Then reality politely reminds us that there’s more to paying for a new car than the check we write to the bank. Things like fuel, insurance, fees, taxes, repairs and maintenance can quickly add up to more than your monthly payment. There’s even depreciation to factor in. The pros call all of this the cost of ownership.

Good thing, too. We’ve never really been too deft at pick-pocketing.

The good folk at NADA have worked up a list of vehicles with the best cost of ownership compared to their MSRP. Sure, they assumed a few variables – specifically, that the vehicles would be driven around 15,000 miles per year by someone with at least six years of driving experience, but the figures are a good operating base for your own car-buying fantasies. Check out the gallery below for the winners in their segments and then hop the jump for the full press blast.

Gallery: NADA vehicles with the best cost of ownership

[Source: NADA]

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NADA picks vehicles with best cost of ownership originally appeared on Autoblog on Fri, 27 Aug 2010 13:01:00 EST. Please see our terms for use of feeds.

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