New light-vehicle sales in October 2021 saw their first month-to-month gain since April.
Mike Alford, who currently serves as NADA vice chairman, will succeed Paul Walser, as chairman.
NADA predicts healthy sales volumes coupled with healthy transaction prices and profitability will persist as the industry shows strong resilience amid disruption.
The survey results convey a timely and comprehensive assessment of dealer sentiment to auto manufacturers.
On October 20, the National Automobile Dealers Association (NADA) made several leadership announcements for 2021.
August’s SAAR of 15.2 million units marked a 4.8% increase from July’s SAAR of 14.5 million units but is down 11% compared with August 2019.
The Department of the Treasury issued guidance on the Aug. 8, 2020 Presidential Executive Order that defers an employer’s obligation to withhold, deposit, and pay the employee’s portion of the payroll tax on wages earned between Sept. 1, 2020 and Dec. 31, 2020.
During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.
As auto dealers, we know disruption; it isn’t new and it will never stop. In fact, we’ve found a way to grow and thrive out of disruption, and the coronavirus pandemic will serve as yet another example of dealers adapting and overcoming our challenges.
NADA Insurance announced 40-70% premium credits effective in April, 2020, for employee life, manager life and dealer group-life insurance products.
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