An Excellent Year for the Auto Industry - NADA

According to the NADA, "2016 has been an excellent year for the auto industry as we end with about 17.5 million new-car sales." NADA Chairman, Jeff Carlson said,  "It seems timing is on our side. In the regulatory and legislative arenas, NADA continued to hold its defensive line with the Consumer Financial Protection Bureau's intrusion into our business. We worked hard to gain traction for the critical Senate Bill 2663, which aims to curb the CFPB's regulatory overreach. We tackled many other regulatory agencies with the knowledge that many of their policies have a significantly negative impact on the dealer business. We quantified and communicated the potentially negative economic impact to consumer affordability. This includes examining CAFE rules, recall mandates, manufacturer direct sales and many others. NADA's messages were effectively circulated and re-circulated through the year in major news outlets including The Wall Street Journa, Bloomberg and The New York Times."