Sales rate up 7% for the full quarter. According to the National Automobile Dealers Association (NADA) Market Beat report, the March 2024 new light-vehicle sales seasonally adjusted annual rate (SAAR) was 15.5 million units—an increase of 3.8% compared with March 2023. March saw the highest raw sales volume for all of the first quarter 2024, […]
February New Vehicle Sales Exceed Expectations
NADA reports sales up over 6% year-over-year. According to the National Automobile Dealers Association (NADA) Market Beat report new light-vehicle sales for February 2024 exceeded expectations. According to NADA, February 2024’s seasonally adjusted annual rate (SAAR) totaled 15.8 million units, up 6.3% from February 2023 and up 6% from January 2024, which had seen a […]
New Light Vehicle Sales Down Slightly in January Compared to Last Year
NADA reports new vehicle sales were down on both a month-over-month and year-over-year basis. Projects production to increase in 2024. New light-vehicle sales cooled at the start of 2024 according to the National Automobile Dealers Association (NADA) Market Beat report. The January 2024 seasonally adjusted annual rate (SAAR) of 15.0 million units represents a decline […]
NADA Reports New Light-Vehicle Sales Up in November Compared to Last Year
Sales rate, however, was down versus previous month. New light-vehicle sales in November 2023 totaled a seasonally adjusted annual rate (SAAR) of 15.3 million units, marking the second month of sequential month-over-month SAAR declines, according to the National Automobile Dealers Association (NADA). Yet despite the cooling SAARs of the past few months, November’s figure was […]
September Light Vehicle Sales Up Over 14% Compared to Last Year
According to NADA, September was the 13th straight month with year-over-year sales increases. New light-vehicle sales in September 2023 increased year-over-year for the 13th straight month according to the National Automobile Dealers Association Market Beat Report. September 2023’s seasonally adjusted annual rate (SAAR) of 15.7 million units represents an increase of 14.4% compared to September […]
Main Street Tax Certainty Act Introduced in U.S. House Seeks to Preserve Pass-Through Business Deductions
U.S. Congressman Lloyd Smucker (PA-11) introduced the Main Street Tax Certainty Act, H.R. 4721, legislation which would permanently extend Section 199A of the Internal Revenue Code, which is slated to expire in 2025. Smucker’s legislation is cosponsored by 92 Members and is supported by all Republican Members of the Ways & Means Committee. Section 199A, […]
NADA, The National Urban League, and The Urban League of Louisiana to Launch Service Technician Apprenticeship Program in Louisiana
On January 27 at NADA Show 2023 in Dallas, officials from the National Automobile Dealers Association (NADA), National Urban League, and Urban League of Louisiana announced the February launch of a pilot service technician apprenticeship program in New Orleans and Baton Rouge, Louisiana. NADA is partnering with the Louisiana Automobile Dealers Association (LADA) and the […]
New Light-Vehicle Sales Down 12.6% Month-Over-Month in May
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 […]
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