As Tesla tries to reinvent how people buy cars, traditional automotive retail practices have been called into question. Despite the brand’s new approach, which has attracted a lot of attention, today’s arrangement is not without its benefits according to the dealers. Continue Reading...
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“Today, customers can afford new cars because dealers compete fiercely,” said Bill Fox, chairman of the National Automobile Dealers Association (NADA) while speaking at an Automotive Press Association meeting in Detroit. Continue Reading...
Considering a pre-owned vehicle instead of a brand-new model? Going used is generally a good idea but you may want to think twice about the decision because prices are creeping upward. Continue Reading...
The National Automobile Dealers Association (NADA) is tackling two contentious issues facing new car dealers in the U.S. today: two-tier pricing programs and mandatory facility upgrades. Continue Reading...
Sales of smaller cars are on the rise as the average transaction price for a new vehicle continues to climb, recently hitting an all-time high of $30,748. In response to these trends, the National Automobile Dealers Association (NADA) has conducted a study revealing the proposed 54.5 mpg CAFE standards for 2025 will cause a significant… Continue Reading...
According to the NADA findings, the biggest increase in terms of sales at the dealer level last year concerned new vehicles (15.6 percent), followed by used vehicles (9.8 percent), while parts and service sales were up by around 5.7 percent. Continue Reading...
The National Automobile Dealers Association (NADA) has asked the U.S. government to suspend the Cash-for-Clunkers program immediately as it believes the $3 billion in earmarked funds have already been used up. NADA Chairman John McEleney told Automotive News that based on a survey of its dealers it believes the $3 billion in funding could be… Continue Reading...
If you’ve been trying to decide whether or not to trade in your gas guzzler on a new fuel-efficient model and cash in on the government’s $4,500 CARS rebate, you’ve waited too long. The program, funded with 1 billion dollars of tax payers’ money is already running low – just six days after the… Continue Reading...