N.D. Dealers Meet with U.S. Sen. Heitkamp and CFPB Director Cordray
Sen. Heidi Heitkamp (D-N.D.), an influential member of the Senate Banking Committee, met last week with board members from the Automobile Dealers Association of North Dakota. Sen. Heitkamp also invited Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), to attend the meeting.
Auto dealers host a congressional meeting in Bismarck, N.D., last week. Pictured (l to r): Renard Bergstrom, president of Bergstrom Automotive; Kathleen Gaddie, owner of Ryan Family Dealerships; Ivette Rivera, NADA senior vice president of legislative affairs; Ryan Barth, general manager of Bill Barth Ford; Donovan Bertsch, president of Theel, Inc.; Sen. Heidi Heitkamp; Dan Wilson, CFO/vice president of Corwin Automotive Group; Christian Kostelecky, general manager of Sax Motor Co.;
Jesse Peterson, vice president of Eide Ford; Laura Perrotta, NADA senior director of legislative affairs; Rod Wilhelm, owner of Wilhelm Chevrolet-Buick-GMC; and Matthew Larsgaard, president/CEO of the Automobile Dealers Association of North Dakota.
NADA Director Donovan Bertsch and Matthew Larsgaard (ATAE) helped arrange the meeting in Bismarck, N.D. Many dealers traveled several hours across state for the unique opportunity to meet directly with Sen. Heitkamp and Director Cordray to discuss S. 2663, the “Reforming CFPB Indirect Auto Financing Guidance Act,” and deliver the message: “The ability of dealers to discount credit in the showroom is vitally important to our rural customers.”
“Sen. Heitkamp’s willingness not only listen to our concerns, but also urge Director Cordray to visit with the North Dakota dealers was meaningful to our members, dealership employees and most importantly our customers as we work to preserve the ability of dealers to discount credit,” said Bertsch.
“Conducting this meeting in the state allowed the dealers to have a lengthy discussion on the CFPB’s auto finance guidance in a relaxed setting,” said Ivette Rivera, NADA senior vice president of legislative affairs.
“Now is the perfect time for dealers to meet with their senators back home, especially Democratic senators, to demonstrate support for S. 2663, and to explain the benefits of dealer assisted financing and the local dealer perspective on the importance of this service to customers,” Rivera added.
Editor’s note: NADA is urging dealers to write, call or visit their Democratic senator(s) now to urge support for S. 2663, which would require the CFPB to withdraw the flawed guidance that attempts to eliminate the ability of dealers to discount auto financing for consumers.
NADA’s Dealers Legislative Action Center has talking points and issue sheets and allows dealerships to email, call or use social media to contact senate members. Once you contact your senator, please share any feedback at email@example.com or 202.547.5500. If the senator has any
questions or is undecided, let NADA Legislative Affairs staff know immediately so we can follow up.
For additional assistance in setting up a visit at a congressional district office or at the dealership, contact Patrick Calpin, NADA director of grassroots advocacy, at 202.547.5500 or firstname.lastname@example.org.
[back to top]
Money Train Rolls On for GM Dealers
Each quarter since late 2009, General Motors has pumped money into its dealers -- more than $5 billion in all -- to help them revitalize their stores. But now that the vast majority of GM's dealerships have done shiny makeovers, there's no need to pay out all that extra cash, right? Wrong. GM has decided to keep that spigot open for any of its Chevrolet, Buick and GMC dealers who jump through the necessary hoops under the brand standards program called Essential Brand Elements, or EBE.
Source: Automotive News
[back to top]
Nine Hotels Sold Out; $100 Registration Discount Ends Sept. 9
The discounted registration rate for NADA members and managers includes admission to NADA 100 Carnival.
Online registration and hotel selection for the 2017 NADA Convention and Expo in New Orleans is now open. NADA members and their managers who register by September 9 will receive a $100 discount.
NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival in New Orleans. The exclusive event for NADA members, international affiliates and guests will be held at Mardi Gras World on Thursday, January 26. The Carnival will feature cuisine from top New Orleans restaurants, as well as musical entertainment from
Foreigner, Cowboy Mouth and jazz favorites. The NADA member and manager registration fee includes admission to the NADA 100 Carnival. The four-day NADA Convention, which runs from January 26 to 29, includes keynote speakers, dealer franchise meetings, workshops, an Expo and numerous networking events. Click here to register.
[back to top]