Automotive and general business groups are applauding the passage of the the U.S.-Mexico-Canada Agreement (USMCA) that was negotiated in 2018 to replace the existing North American Free Trade Agreement (NAFTA). In a rare display of bi-partisanship in the face of the impeachment trial of President Trump, the Senate voted 89-10 yesterday in support of the […]
NADA Forecasts Slight Decline in 2020 U.S. Auto Sales to 16.8 Million New Vehicles
The National Automobile Dealers Association (NADA) released its annual new-vehicle sales forecast for 2020 in December. The group predicts a slight decline in sales and continued movement away from cars to light trucks. “We expect new light-vehicles sales will come in at 16.8 million units for 2020, roughly a 1.2 percent drop from 2019 sales […]
Dealership Body Shop Sales Up in First Six Months of 2019
While sales are up, NADA mid-year report sees slight decrease in percentage of dealers operating body shops. According to the latest data from the National Automobile Dealers Association (NADA), sales at dealership body shops increased in the first six months of 2019 compared to the same period last year. According to NADA, the total auto […]
NADA Urges Congress to Pass New North American Trade Pact
National Automobile Dealers Association (NADA) 2019 Chairman Charlie Gilchrist announced October 8 the organization’s support for the United States-Mexico-Canada Agreement (USMCA) at the Automotive Press Association luncheon in Detroit, Mich. The USMCA was signed last November by the United States, Canada and Mexico and the new trade agreement is designed to replace the North American […]
Hyundai Donates $50,000 to the NADA Foundation Workforce Initiative
Hyundai Motor America has contributed $50,000 to the National Automobile Dealers Association (NADA) Foundation’s Workforce Initiative. “We really like the NADA’s new approach to getting young people excited about being technicians, and Hyundai is committed to working side-by-side with NADA to accomplish this,” said Barry Ratzlaff, vice president and chief customer officer for Hyundai Motor […]
Percentage of Dealers Operating Auto Body Shops Declined in 2018
Both the percentage of dealers operating collision repair facilities and dealership shop sales decreased last year versus 2017. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealership operating on-site body shops was down in 2018 versus the previous year. NADA’s research pegs the percentage of dealers operating on-site […]
New Vehicle Sales Up Slightly in 2018, Forecast for 2019 is Down
Light trucks up as car market share falls to lowest point in U.S. history. According the National Automobile Dealers Association (NADA) despite rising interest rates and a volatile stock market, U.S. light-vehicle sales closed out 2018 strong. The Seasonally Adjusted Annual Rate (SAAR) of sales was 17.51 million in December 2018 was the second highest […]
Automotive Groups Urge White House Not to Impose Tariffs on Imported Autos and Auto Parts
Vehicle manufacturers, dealers and aftermarket companies join together in opposition to higher tariffs. Seven automotive industry groups representing vehicle manufacturers, dealers and both OEM and aftermarket suppliers have joined together to urge the White House to not impose higher tariffs on imported autos and auto parts. The groups include: Alliance of Automotive Manufacturers American Automotive […]
NADA Warns Auto Tariffs Will Raise Prices, Limit Choice and Depress Demand for New Cars and Trucks
In comments filed June 29 to the U.S. Department of Commerce, the National Automobile Dealers Association (NADA) opposed the imposition of new tariffs or quotas on imported automobiles or automotive parts. NADA fears that any new tariffs or quotas will result in higher vehicle prices and reduced choice. The NADA is one of the latest […]
Percentage of Dealers Operating Auto Body Shops Up in 2017
While the percentage of dealers operating facilities is up, dealership collision repair shop sales decreased last year versus 2016. According to the latest research from the National Automobile Dealers Association (NADA), the percentage of dealership operating on-site body shops was up in 2017 versus the previous year. NADA’s research pegs the percentage of dealers operating […]