Today, the National Automobile Dealers Association (NADA) issued an analysis of U.S. auto sales and the economy following the second quarter of the year, a period when dealers and the U.S. economy continued experiencing the impact the coronavirus pandemic, but also began seeing an upturn. “Vehicle sales have continued to show signs of recovery…

Each year dealers from coast to coast, as well as some from across the globe, join together at the NADA Show. The NADA Show is the Auto Industry Event of the Year and offers dealers and their teams the opportunity to learn the latest changes in the auto retail industry and explore shifts in the business environment to maintain dealership success.…

We have all recently experienced some of the most unexpected and challenging times of our personal and professional lives. With American businesses reopening and reacclimating to the current environment, it’s time to hear from America’s truck dealers through the 2020 ATD Dealer Attitude Survey of Manufacturers. Our annual survey is available…

On June 25, 2020, the Federal Communications Commission (“FCC”) issued a Declaratory Ruling (“Ruling”) relating to text messages, autodialers, and the Telephone Consumer Protection Act (TCPA). Specifically, the Ruling holds that because a specific “peer-to-peer” (“P2P”) texting platform was “not capable of originating a call or sending a text…

New data out of the Bureau of Labor Statistics (BLS) shows that franchised dealerships added 80,200 jobs in May, an extremely encouraging sign for employment in U.S. automotive retail. At the end of February 2020 – prior to the coronavirus pandemic forcing the closure of many states – franchised dealerships directly employed more than 1.1…

New light-vehicle sales in June improved compared to May but remain down significantly compared to this time last year. The June SAAR of 13.05 million units represents a 7% increase compared to May, but the June sales rate represents a decline of 24% compared to June 2019. Through the first half of 2020, sales were down by 23.1% compared to the…

As outlined in NADA’s May Market Beat update, new vehicle sales began to show signs of recovery after falling to historic lows in April due the coronavirus pandemic. For the month of May 2020, new vehicle sales were down by 29% compared to May of 2019—a solid improvement compared to April 2020’s 48% decline. By contrast, the coronavirus has hit…

The coronavirus pandemic has changed the world. In the United States it altered the way our country operates and wreaked havoc on American businesses, but leaders in Washington responded with actions that helped mitigate the damage. I applaud these efforts and am confident that our economy will bounce back. But the work is not done. Our nation’…

No one could have predicted the toll the coronavirus pandemic would take on the U.S. economy, businesses and jobs. As the severity of the pandemic diminishes, American businesses are slowly beginning to reopen and rebuild. In response, leaders in Washington have enacted a number of policies to help the country weather the storm, but Congress needs…

In my very first speech as your NADA Chairman in February, I talked about corruption, obstruction and disruption to the auto retail industry. With the coronavirus pandemic, our country got a big dose of disruption, and it’s the kind of disruption that has trickled down to every person, industry and business. We are all facing challenges as we…