NADA Chief Economist says supply constraints continue to limit sales. New light-vehicle sales fell 12.6% in May to a seasonally adjusted annual rate (SAAR) of 12.7 million units, versus April and were down 24.9% from May 2021. May’s SAAR was below expectations of a SAAR in the mid-13 millions, increasing the risk that the second […]
NADA and Industry Partners Urge Congress to Act on Catalytic Converter Anti-Theft Bill
The National Automobile Dealers Association, joined by 12 industry partners, sent a letter May 16 to U.S. House Energy and Commerce Committee Chairman Frank Pallone (D-N.J.) and Ranking Member Cathy McMorris Rodgers (R-Wash.) in support of H.R. 6394, a bipartisan bill to combat rising catalytic convertor theft in the U.S. The “Preventing Auto Recycling Theft […]
NADA Issues U.S. Auto Sales and Economic Analysis Following First Quarter 2022
Dealer association chief economist examines economic trends influencing auto industry. The National Automobile Dealers Association (NADA) has issued its analysis of U.S. auto sales and the economy following the end of the first quarter of 2022. “Inventory remains the biggest impediment related to U.S. auto sales,” said NADA chief economist Patrick Manzi. “And unfortunately, inventory […]
NADA Examines Impact of Supply Constraints on 2021 Auto Sales
Association forecasts 2022 sales up 3.4% from last year. The National Automobile Dealers Association (NADA) issued its analysis of 2021 U.S. auto sales and the economy and projections for 2022. “The major theme for new-vehicle sales in 2021 was constrained inventory,” said NADA chief economist Patrick Manzi. “The coronavirus pandemic and resulting microchip shortage and […]
Camron Wilson Named to Newly Created Role of VP of Education and Training at NADA
The National Automobile Dealers Association (NADA) has appointed Camron Wilson to Vice President of Education and Training. In this newly-created role, Wilson will lead all of NADA’s education and training efforts, including professional series, tailored training and program development, and oversee operations of the NADA/ATD Academy. Michael Hayes remains the NADA Academy Chair and will […]
NADA Issues 2020 Auto Sales Analysis, Forecasts 15.5 Million New Vehicle Sales in 2021
The National Automobile Dealers Association (NADA) issued its 2020 analysis of U.S. auto sales and the economy and its 2021 project for sales. “The coronavirus pandemic certainly impacted new light-vehicle sales in 2020, not to mention the U.S. economy as a whole,” said NADA chief economist Patrick Manzi. “Our forecast at the start of 2020 […]
Mike Stanton Named President and CEO of NADA
The National Automobile Dealers Association (NADA) announced that Mike Stanton will serve as the organization’s next president and CEO. Stanton, 52, succeeds Peter Welch, who has led NADA since his appointment by the NADA Board of Directors in January 2013. “NADA is a great organization representing one of America’s most important industries,” said Stanton. “It […]
NADA 2021 Show Moves to Fully Virtual Experience
The National Automobile Dealers Association (NADA) announced that NADA Show 2021 will transition to an all-virtual event experience. Show registration will open in the coming weeks. Information on all aspects of the show is available online. Originally slated to be held in New Orleans in January, NADA Show 2021 will now be held from Tuesday, […]
NADA and SEMA Among Groups Raising Concerns on California Gas-Powered Car Phaseout
Both the National Automobile Dealers Association and the Specialty Equipment Manufacturers Association (SEMA) raised concerns with the announcement last week of California Governor Gavin Newsom’s Executive Order to require all new vehicles to emit zero-emissions by 2035. The California New Car Dealers Association and Alliance of Automotive Innovators had previously raised concerns about the impact […]
NADA President and CEO Peter Welch to Retire at End of 2020
The National Automobile Dealers Association (NADA) on Wednesday announced that President and CEO Peter Welch will be retiring at the end of 2020. Welch, 67, was appointed by the NADA Board of Directors in January 2013 to head the organization. Under his leadership, NADA strengthened its core mission of advocating on behalf of franchised dealers […]
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