ironcore – Page 231

NADA presents value of franchised system to the media

NADA presents value of franchised system to the media In an effort to defeat attacks on the dealer franchise system by Teslaês Elon Musk and Federal Trade Commission officials, NADA has launched a media campaign showing the benefits of the current way of selling cars. As part of the campaign, the NADA is showcasing a […]

Wide variance projected for 2015 health premium changes

Wide variance projected for 2015 health premium changes CareFirst, Marylandês biggest health care insurer, has filed a request with the state Insurance Commission to hike premiums for individual plans by 23 percent to 30 percent. Kaiser Foundation Health Plan and Evergreen Health Cooperative have proposed dropping their rates by 12 percent and 10 percent, respectively, […]

Legislation to trump CFPB overreach and preserve dealers ability to arrange car loan rates

Legislation to trump CFPB overreach and preserve dealers ability to arrange car loan rates After intense lobbying by NADA and other associations, the House Financial Services Committee passed a bill aimed at retaining dealersê ability to set interest rates on retail auto loans. The Bureau Guidance Transparency Act (HR 4811) aims to address problems created […]

Md. dealer processing charge maximum goes to $300, July 1

Md. dealer processing charge maximum goes to $300, July 1 Dealers need to adhere to specific requirements when charging the charge. As a result of legislation passed into law by the Maryland General Assembly a few years back, the maximum level a dealer may charge a vehicle purchaser goes from $200 to $300, effective July […]

Virginia title tax increases .05% July 1, from 4.0% to 4.05%

Virginia title tax increases .05% July 1, from 4.0% to 4.05% In accordance with the tax package the Virginia General Assembly passed in 2013 which, among other things, raised the title tax on motor vehicle sales from 3% to 4% on July 1 a year ago, the same provision calls for a .05% increase per […]

Tammy Darvish will take a third term on NADA Board

Tammy Darvish will take a third term on NADA Board WANADA is pleased to report that NADA reports that Tamara Darvish of DARCARS has been re-elected by member dealers in the Metropolitan Washington Area to a third, three year term on its Board of Directors that will commence at the NADA Convention in San Francisco […]

NADA provides overview of its Fair Credit Compliance Program

NADA provides overview of its Fair Credit Compliance Program Even as NADA is working on repeal of the Consumer Financial Protection Bureauês auto lending guidance, the association offers a program and template to help dealers comply with fair credit laws. NADAês Fair Credit Compliance Policy & Program at a Glance provides a general overview of […]

Dealers spend 22% of pre-tax net profits on regulatory compliance

Dealers spend 22% of pre-tax net profits on regulatory compliance You knew you spent a lot of staff time and dealership money complying with federal regulations, but now NADA has quantified it. In 2012, the average dealership spent $182,754 in federal regulatory compliance costs. That comes to 21.7 percent of the average dealershipês 2012 before-tax […]

Proposed CO2 regs would cause $51 billion loss in GDP by 2030

Proposed CO2 regs would cause $51 billion loss in GDP by 2030 The Environmental Protection Agencyês proposed regulations for coal plants could have a drastic effect on the economy, says a new report from the U.S. Chamber of Commerce. The proposal would shut many coal plants in an effort to cut carbon emissions 42 percent […]

Seven in 10 North American pickups will be aluminum by 2025

Seven in 10 North American pickups will be aluminum by 2025 More than 75 percent of all new pickups produced in North America will be aluminum-bodied by 2025, according to a survey of automakers conducted by Ducker Worldwide for the Aluminum Transportation Group. The study surveyed all major automakers and found that Ford, General Motors […]