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ATD | Chairmans Column

ATD Membership Offers Many Benefits

Being part of a national association like the American Truck Dealers means that you have support when you need it—365 days a year—and you have that support for all facets of your business. As an ATD member, I urge you to take advantage of your membership every day. As we’ve emphasized time and time again, ATD protects your interests on the…
ATD | ATD Insider

American Truck Dealers Push for Repeal of Federal Excise Tax on Heavy-Duty Trucks

Florida Congressman Francis Rooney visits Wallace International Trucks FT. MYERS, Fla. – Last month, Debra Gilkey, executive vice president and general manager of Wallace International Trucks in Fort Myers, Fla., hosted first-term Congressman Francis Rooney (R-Fla.) at the dealership, which has been a family-owned…
NADA | NADA Headlines

The History of the CFPB’s Campaign to Eliminate Consumer Discounts in Auto Financing

Today’s vehicle financing model is extraordinarily efficient and competitive and provides access to affordable credit to consumers in all credit tiers. This competition is fostered by the ability that dealers currently have to “meet or beat” the best offer that consumers can secure from other creditors. Despite the competitiveness of the market…
NADA | Chairmans Column

The Final Drive Against the CFPB’s Auto Financing Guidance

NADA has long fought for our customers’ right to save money during the auto financing process, and for dealers to retain the ability to discount credit. For years, we have worked hard to educate members of Congress on how our business operates, and how dealer-assisted financing benefits consumers, not harms them. This education and re-education…
NADA | NADA Headlines

VIDEO: Ford's Jim Farley Addresses the NY Automotive Forum

Jim Farley, Ford's president of global markets, recently addressed the NY Automotive Forum in advance of the New York International Auto Show. For the franchise system in the U.S. to remain successful, it "is going to have to evolve in a meaningful way. That is completely doable. That success hinges on adding value for existing customers ...…
NADA | NADA Headlines

House Vote on S.J.Res 57 to Rescind CFPB Flawed Auto Lending Guidance Expected Week of May 7

During the week of May 7, the House of Representatives is expected to vote on S.J.Res. 57, a joint resolution to rescind the Consumer Financial Protection Bureau’s (CFPB) flawed 2013 auto finance guidance. This pro-dealer, pro-consumer legislation passed the Senate on April 18 by a vote of 51-47. President Trump is expected to sign S.J.Res. 57…
NADA | NADA Headlines

Senate Passes NADA-Backed S.J.Res. 57 to Rescind Flawed Auto Lending Guidance

Yesterday, by a bipartisan vote of 51-47, the Senate approved S.J.Res. 57, which rescinds the Consumer Financial Protection Bureau’s (CFPB’s) flawed auto finance guidance. The Senate relied on the Congressional Review Act (CRA) to take this very significant step to reject the multi-year, unjustified attack on indirect auto lending. NADA…
ATD | ATD Insider

New ATD Report: Employment at U.S. Commercial Truck Dealerships Up 12%

The nation’s franchised new medium- and heavy-duty truck dealerships employed more than 145,300 people in 2017, up 12.3 percent from 2016, according to new report released today by the American Truck Dealers (ATD). “Overall employment at U.S. truck dealerships is the highest it has been in the last five years,” said ATD Senior Economist Patrick…
NADA | NADA Headlines

Dealer Alert: Senate Vote Today on Repeal of CFPB’s Flawed Auto Finance Guidance

All Dealers Should Call Their Senators now to urge a “YES” vote for S.J.Res. 57.  A close vote is expected – Senators need to hear from dealers NOW. All Dealers Should Call Their Senators NOW to Urge a “YES” Vote for S.J.Res. 57 Today the U.S. Senate is expected to vote on S.J.Res. 57, a resolution…
NADA | NADA Headlines

NADA Supports Efforts in Congress to Preserve Consumer Auto Loan Discounts

Two separate measures are under consideration in Congress to repeal the Consumer Financial Protection Bureau’s (CFPB) deeply flawed and anti-consumer auto financing guidance from 2013 that pressures indirect auto lenders to eliminate the ability of local dealerships to offer discounted auto loans to their customers. Senate Joint Resolution 57,…

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