Tag Archive | "NADA"

NADA’s Koblenz Joins Industry Summit Roster


LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that Andy Koblenz, executive vice president of legal and regulatory affairs for the National Automobile Dealers Association (NADA), will deliver a keynote address at Industry Summit 2015, which will be held Sept. 8–10 at Paris Las Vegas. Attendees who register for the P&A Leadership Summit are invited to attend.

“Andy Koblenz is a familiar face at Industry Summit and a great friend to dealers everywhere,” said David Gesualdo, show chair and publisher of F&I and Showroom and P&A magazines. “His experience speaks for itself, and we anticipate a gripping and informative address.”

Since 2006, Koblenz has spearheaded critical efforts to protect franchised new-car dealers from federal regulatory overreach. He represents dealers before all federal regulatory agencies and is at the forefront of NADA’s advocacy efforts to protect consumer choice in indirect auto financing. Along with the nation’s top dealer groups, he helped launch NADA’s optional Fair Credit Compliance Policy and Program, which helps dealers and lenders comply with fair credit rules while preserving robust competition for car buyers in the auto finance marketplace.

“The upcoming Industry Summit will provide an ideal forum to discuss a resolution of the challenges to the indirect vehicle financing model presented by the Consumer Financial Protection Bureau,” Koblenz said. “As a matter of principle, car buyers have the right to negotiate the rate on auto loans. And they have the right to seek a better deal. No government institution should deny that. That’s not what Washington is supposed to do.”

Koblenz directs a staff of six attorneys specializing in franchise and state law, corporate law and federal regulatory affairs. He helped navigate NADA through intensely challenging times, including the credit crisis, automaker bankruptcies and Great Recession. Previously, he served as NADA’s vice president of industry affairs.

More information about Industry Summit and P&A Leadership Summit is available at the events’ websites. Attendees who register by Aug. 7 will enjoy a $100 early-bird discount.

To inquire about sponsorship or exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or call 727-947-4027.

Posted in Auto Industry NewsComments Off on NADA’s Koblenz Joins Industry Summit Roster

NADA’s Koblenz Joins Industry Summit Roster


LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that Andy Koblenz, executive vice president of legal and regulatory affairs for the National Automobile Dealers Association (NADA), will deliver a keynote address at Industry Summit 2015, which will be held Sept. 8–10 at Paris Las Vegas. Attendees who register for the P&A Leadership Summit are invited to attend.

“Andy Koblenz is a familiar face at Industry Summit and a great friend to dealers everywhere,” said David Gesualdo, show chair and publisher of F&I and Showroom and P&A magazines. “His experience speaks for itself, and we anticipate a gripping and informative address.”

Since 2006, Koblenz has spearheaded critical efforts to protect franchised new-car dealers from federal regulatory overreach. He represents dealers before all federal regulatory agencies and is at the forefront of NADA’s advocacy efforts to protect consumer choice in indirect auto financing. Along with the nation’s top dealer groups, he helped launch NADA’s optional Fair Credit Compliance Policy and Program, which helps dealers and lenders comply with fair credit rules while preserving robust competition for car buyers in the auto finance marketplace.

“The upcoming Industry Summit will provide an ideal forum to discuss a resolution of the challenges to the indirect vehicle financing model presented by the Consumer Financial Protection Bureau,” Koblenz said. “As a matter of principle, car buyers have the right to negotiate the rate on auto loans. And they have the right to seek a better deal. No government institution should deny that. That’s not what Washington is supposed to do.”

Koblenz directs a staff of six attorneys specializing in franchise and state law, corporate law and federal regulatory affairs. He helped navigate NADA through intensely challenging times, including the credit crisis, automaker bankruptcies and Great Recession. Previously, he served as NADA’s vice president of industry affairs.

More information about Industry Summit and P&A Leadership Summit is available at the events’ websites. Attendees who register by Aug. 7 will enjoy a $100 early-bird discount.

To inquire about sponsorship or exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or call 727-947-4027.

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NADA Chairman to Headline Industry Summit


LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that Bill Fox, 2015 chairman of the National Automobile Dealers Association (NADA), will deliver the evening keynote address at this year’s Industry Summit, which will be held Sept. 8–10, 2015, at Paris Las Vegas. Attendees who register for the P&A Leadership Summit are invited to attend the session.

“Bill Fox is a tireless advocate for his fellow dealers, among whom he is held in high regard as a voice of reason and leadership through good times and bad,” said David Gesualdo, show chair and publisher of F&I and Showroom and P&A magazines. “We are honored to welcome him to Industry Summit.”

Fox is a partner in Fox Dealerships Inc., a group that represents nine brands in the Upstate New York cities of Auburn and Phoenix, as well as a licensed attorney. His NADA tenure began in 2006, when he joined the organization’s board of directors, and has continued through the Great Recession and innumerable regulatory and legislative challenges to the franchised dealership model.

“I’m honored to deliver keynote remarks at the Industry Summit, which brings together new-car dealers and their managers and others in the auto financing community to hear from industry experts on a variety of financing and retailing topics,” Fox said. “Our industry is constantly overcoming challenges while seeing new ones arise. Forums like this allow us to continue an open dialogue with our industry partners to discuss NADA’s top issues, which include protecting consumer access to credit, promoting the value of the dealer franchise network and refocusing our efforts as a trade association to better serve our dealer members.”

More information about Industry Summit and P&A Leadership Summit is available at the events’ websites. Attendees who register by Aug. 7 will enjoy a $100 early-bird discount.

To inquire about sponsorship or exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or call 727-947-4027.

Posted in Summit UpdatesComments (0)

NADA Chairman to Headline Industry Summit


LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that Bill Fox, 2015 chairman of the National Automobile Dealers Association (NADA), will deliver the evening keynote address at this year’s Industry Summit, which will be held Sept. 8–10, 2015, at Paris Las Vegas. Attendees who register for the P&A Leadership Summit are invited to attend the session.

“Bill Fox is a tireless advocate for his fellow dealers, among whom he is held in high regard as a voice of reason and leadership through good times and bad,” said David Gesualdo, show chair and publisher of F&I and Showroom and P&A magazines. “We are honored to welcome him to Industry Summit.”

Fox is a partner in Fox Dealerships Inc., a group that represents nine brands in the Upstate New York cities of Auburn and Phoenix, as well as a licensed attorney. His NADA tenure began in 2006, when he joined the organization’s board of directors, and has continued through the Great Recession and innumerable regulatory and legislative challenges to the franchised dealership model.

“I’m honored to deliver keynote remarks at the Industry Summit, which brings together new-car dealers and their managers and others in the auto financing community to hear from industry experts on a variety of financing and retailing topics,” Fox said. “Our industry is constantly overcoming challenges while seeing new ones arise. Forums like this allow us to continue an open dialogue with our industry partners to discuss NADA’s top issues, which include protecting consumer access to credit, promoting the value of the dealer franchise network and refocusing our efforts as a trade association to better serve our dealer members.”

More information about Industry Summit and P&A Leadership Summit is available at the events’ websites. Attendees who register by Aug. 7 will enjoy a $100 early-bird discount.

To inquire about sponsorship or exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or call 727-947-4027.

Posted in Auto Industry NewsComments Off on NADA Chairman to Headline Industry Summit

J.D. Power to Acquire NADA Used Car Guide


WESTLAKE VILLAGE, Calif. — J.D. Power and the National Automobile Dealers Association (NADA) have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a well-known source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review.

Established by NADA in 1933, NADA Used Car Guide is a provider of U.S. retail, loan, trade-in and auction used-vehicle values, and is widely recognized in the industry as the authority for accurate and comprehensive used-vehicle valuation information. The company will remain based in the McLean, Va., vicinity where it serves more than 100,000 subscribing clients, including retailers, financial institutions, insurers and software providers.

“This deal is a perfect fit for dealers and NADA Used Car Guide customers. Under terms of the deal, NADA members will continue to receive a subscription to the Guide as a membership benefit,” said Peter Welch, president of NADA. “NADA and J.D. Power will continue to build upon our longstanding alliance by sharing data and insights, and bringing together retailers and leaders from the automakers, suppliers and the media at co-hosted conferences and events, offering thought leadership and solutions directly benefiting the retailer network and overall automotive industry.”

J.D. Power is a global marketing information services company known for using the voice of the customer to create reviews and ratings which measure the shopping, purchase and ownership experience across a wide range of brands and products. The Power Information Network (PIN) from J.D. Power provides real-time automotive information and decision-support tools based on the collection of daily new- and used-vehicle retail transactions.

“We are thrilled to add the NADA Used Car Guide and its vehicle valuation capabilities to J.D. Power,” said Finbarr O’Neill, president of J.D. Power. “NADA Used Car Guide analytical solutions will perfectly complement PIN’s expertise in new- and used- vehicle retail and pricing services, and we will gain an impressive array of integrated vehicle valuation solutions. The Guide’s high integrity and unbiased approach to used-vehicle values, analytics and insights fits perfectly with J.D. Power’s reputation as a trusted advisor to the automotive industry.”

The agreement brings together PIN, which combines advanced analytics of new- and used-vehicle retail sales and pricing data, with the complementary and extensive knowledge, expertise and market presence of the NADA Used Car Guide, thereby expanding J.D. Power’s analytical and modeling capabilities into new product offerings, deepening its presence in auto finance and auto insurance, and enriching retail solutions, officials said.

The NADA Used Car Guide name will be used by J.D. Power for a period of time before transitioning to the J.D. Power brand.

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NADA: April Auto Sales Continue to Lead Economic Growth


MCLEAN, Va. — Falling gasoline prices and continued pent-up demand have spurred spending on new cars and light trucks, with average retail transaction prices rising more than 3% in the first quarter compared to the same period a year ago, the National Automobile Dealers Association (NADA) reported this week.

The average retail transaction price for a new vehicle was $33,189 through the first quarter.

“Consumers clearly feel confident enough in the economic recovery to make big-ticket purchases,” said NADA Chief Economist Steven Szakaly. “While we’ve seen a pullback in investments in other industries, particularly in oil-related industries, automotive retailing remains a growth industry.”

The NADA has forecasted sales of 16.94 million new-light vehicles for 2015.

“The automotive-retailing sector is continuing to outpace growth in the overall U.S. economy,” Szakaly added. “Economic and employment growth were slower than expected in the first quarter but vehicle sales remain strong.”

The strong summer selling season and the allure of new-vehicle models will likely keep sales humming, despite an expected gradual rise in gasoline prices by about 11% over the next eight months of the year, according to the NADA. This year, the light-truck segment, which includes SUVs, CUVs, minivans and pickup trucks, is expected to outsell cars by 56% to 44%, respectively.

The Fed is expected to delay an interest rate increase, but Szakaly said he believe any increase will likely be small. The NADA now forecasts the Fed to raise rates by just 25 basis points in the fall and 35 basis points by the end of 2015.

“The historically strong spring and summer selling seasons will be driven by new and redesigned vehicles as well as competitive financing rates, which bode well for auto sales over the next several months,” Szakaly added.

Szakaly added that strong consumer demand in the used-vehicle market is keeping trade-in values high, which is another value for car buyers.

“Just like the new-vehicle market, we continue to see healthy demand for used cars,” he said. “Those same factors in the new-vehicle market, which include low financing rates, extra spending money and improving employment opportunities, are driving car buyers to the used-vehicle market as well.”

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