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Inside this issue
NADA Celebrates Its 100-Year Anniversary
NADA Donates $50,000 to Emeril Lagasse Foundation
Subprime Doing Fine, But Thanks for Asking
ADESA to Auction a Polaris RZR to Benefit the NADA Foundation and Canine Companions
Top Stories
NADA Celebrates Its 100-Year Anniversary

National Automobile Dealers Association celebrates 100 years of representing America’s local new-car dealerships and their customers in Washington.

The National Automobile Dealers Association (NADA) is celebrating its 100th anniversary this year. Festivities for the centennial begin at the 2017 NADA Convention and Expo in New Orleans starting on Thursday, January 26. “It’s not every day that a national trade association reaches its 100-year anniversary, yet NADA is still as strong and relevant as the day it was founded,” said 2016 NADA Chairman Jeff Carlson.“NADA’s 100th mission for 100 years has been to represent local dealerships and our customers in Washington, D.C., with a goal of keeping personal transportation affordable for everyone,” added Carlson, president of Glenwood Springs Ford and Glenwood Springs Subaru in Glenwood Springs, Colo., and co-owner of Summit Ford in Silverthorne, Colo. “It’s an honor to serve such a respected group.”
Source: NADA

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NADA Donates $50,000 to Emeril Lagasse Foundation


The NADA Foundation donates $50,000 to the Emeril Lagasse Foundation in New Orleans on Jan. 25, 2017. Pictured (l to r): NADA Chairman Jeff Carlson, Emeril Lagasse and NADA Foundation Chair Annette Sykora.


To show its long-time support for the New Orleans community ahead of the NADA Convention and Expo this week, NADA Foundation donated $50,000 to the Emeril Lagasse Foundation, which supports Café Reconcile. “My wife Alden and I are delighted that NADA has chosen the Emeril Lagasse Foundation as a grant recipient in conjunction with their convention. This generous philanthropic gift will help us positively impact the lives of more children,” said Chef Emeril Lagasse, chairman and founder of the Emeril Lagasse Foundation. “Thank you for bringing your convention to New Orleans and for supporting the Emeril Lagasse Foundation.”
Source: NADA

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Subprime Doing Fine, But Thanks for Asking

Yes, auto lending has seen increases in delinquencies. And some borrowers with low credit scores are having a hard time making their loan payments.But certain doomsayers are wrong in predicting a subprime lending bubble is about to explode. So say representatives of major U.S. credit bureaus at the American Financial Services Assn.’s annual Vehicle Finance Conference held in conjunction with the impending National Automobile Dealers Assn. convention [in New Orleans.]

“I definitely don’t believe there is a subprime bubble,” says Amy Crew Cutts, Equifax’s chief economist. “The fact is loan performance is good relative to historic levels.” AFSA President and CEO Chris Stinebert says she and other credit-industry experts participating in a panel discussion “set the record straight on the health of the subprime auto-finance market.”
Source: WardsAuto

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ADESA to Auction a Polaris RZR to Benefit the NADA Foundation and Canine Companions



ADESA will auction a 2015 Polaris RZR S900 EPS at the NADA Convention and Expo in New Orleans. The auction starts at 1 p.m. CST on Saturday, January 28, at the ADESA booth (#3137).

Last year’s Harley-Davidson motorcycle auction raised a record $128,000 for Canine Companions for Independence (CCI). Past ADESA auctions have raised $240,000 for the NADA Foundation and CCI. Proceeds from the auctions go to the NADA Foundation’s Frank E. McCarthy Memorial Fund, in whose name the CCI donation is made. McCarthy was chief executive of NADA from 1968 to 2001.
Source: NADA

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Past Articles
       
      Quotable
      "It's not every day that a national trade association reaches its 100-year anniversary, yet NADA is still as strong and relevant as the day it was founded."

          -- 2016 NADA Chairman Jeff Carlson, NADA Headlines, Jan. 26

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