WANADA Open: Its Camaraderie In A Great Setting! Monday, June 4, at the World Class Lansdowne Resort

WANADA Open: Itês Camaraderie In A Great Setting! Monday, June 4, at the World Class Lansdowne Resort Even if you donêt golf, the cocktail reception and awards dinner at the annual WANADA Open is a fabulous occasion! Itês all about networking with peers in your industry and a great opportunity to bring automakers and other […]

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WANADA, DentaQuest Develop New, Secure ID Cards

WANADA, DentaQuest Develop New, Secure ID Cards The crime of identity theft continues to plague our society at an alarming rate.As a result, WANADA’s Insurance Programs Department has been closely working with DentaQuest over the past few months in developing non-Social Securityidentifying numbers for members enrolled in the dental programs offered.The discontinuation of the use […]

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NADA Issues Guidance on Adverse Action Notices

NADA Issues Guidance on Adverse Action Notices NADA is sending to allmembers its latest publication titled “A Dealer Guide to Adverse Action Notices.”Theguide explainswhen dealers must issue an adverse action notice, what the notice must say,when dealers can rely on a finance source’s notice, and many otherimportant issues. The guide containsa variety ofscenarios to help […]

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Licensing, Education, Fees Top Agenda

Licensing, Education, Fees Top Agenda In an otherwise light agenda for its regular May 14, 2007 meeting, the Virginia Motor Vehicle Dealer Board (MVDB) assessed a civil penalty of $1,000 on a dealer for paying an unlicensed F&I representative. The dealer claimed that he did not know that an F&I person must have a sales […]

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Dealership Performance

Dealership Performance In the first study of its kind across brands to identify and measure the activities, practices, and behaviors that drive dealership financial profitability, NADA undertook a research project with support from McKinsey & Company to define and corroborate best practices in automotive dealership management. The study found that the policies and practices that […]

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EPA Extends Spill Prevention Compliance Dates

EPA Extends Spill Prevention Compliance Dates Earlier this year, the EPA eased the burden on dealerships storing liquids in aboveground tanks. Now the EPA has extended the compliance dates for dealerships and others subject to Spill Prevention, Control, and Countermeasure (SPCC) plans. Dealerships that started operations on or before August 16, 2002 must maintain their […]

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Kelley Study Shows High Gas Prices Alter New Vehicle-Buying Decisions

Kelley Study Shows High Gas Prices Alter New Vehicle-Buying Decisions With gas prices reaching their highest level in recent history ($3.10 a gallon for regular unleaded as of last week), nearly six out of ten new-vehicle shoppers (59 percent) say that the upward trend in gas prices has either changed their mind about the vehicle […]

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WANADA Kindred-Line Member Appreciation Reception

WANADA Kindred-Line Member Appreciation Reception [I]6:00 p.m.- 7:30 p.m., Thursday, June 7, 2007[/I] Congressional Country Club, 8500 River Road, Potomac, Maryland In appreciation of the support and invaluable resources provided to Washington Area New Automobile Dealers by our kindred-line members, WANADA has scheduled the above reception to coincide with our regular Board of Directors meeting. […]

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Staying Ahead

Staying AheadÄ Courage is being scared to death, but saddling up anyway. ãJohn Wayne

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NADA Responds to Auto Financing Discrimination Study

NADA Responds to Auto Financing Discrimination Study [I]Dealer Talking Points Address Financing Issues[/I] NADA responded promptly to a recent Associated Press (AP) story headlined, –Blacks Pay Higher Auto Loan Rates.” The article cites a 2004 study by the Consumer Federation of America (CFA) that is based on data from the Federal Reserve.The negative AP story […]

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