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Cautionary tale about online car buying

Online car buying has seen a dramatic increase during the COVID-19 pandemic. But sister station WGAL found a Pennsylvania woman – and thousands of other consumers – are telling a cautionary tale of car buying online. For Sandy Harriott, of Liverpool, Pennsylvania, it was all about convenience. “Well, you see (more…)

House Ways and Means Committee Considering Tax Bill

Today and Wednesday the House Ways and Means Committee is considering its $3.5 trillion tax-and-spend reconciliation bill that includes tax increases and a new $15 billion electric vehicle (EV) tax credit program. With the bill resulting in an estimated top marginal federal income tax rate of 46.4%, we are focused on opposing (more…)

Biden’s COVID-19 Plan Includes Mandatory Vaccinations or Weekly Testing

On September 9, 2021, President Biden announced his COVID-19 Action Plan.  As part of that plan, the President directed the U.S. Department of Labor’s Occupational Safety and Health Administration  to draft a rule requiring companies with 100 or more employees to either (1) ensure that their workforce is “fully vaccinated” or (more…)

The customers enjoy watching ACV inspection

FADA is proud to endorse ACV Auctions. For more information, please take a look at this short testimonial from Sam Galloway Ford and Lincoln. “They couldn’t work harder to make more deals than we are doing now,” says Brian Lambert, Used Car Director. “It’s the best thing we’ve ever done (more…)

New car dealers are the backbone of the local economy

America’s new car and truck dealers provide more than a million jobs nationwide. When you buy a car or truck, you are buying local and that money stays in your community. In fact, in Florida, new car dealers generate more than 15% of the total sales tax collected statewide. Click (more…)

Dealership Competition Lowers Consumer Prices

By Jonathan Collegio, NADA Senior Vice President of Public Affairs In automotive circles it’s a well-known fact that when local dealerships compete for customers, price competition kicks in, and the result is lower prices for consumers on new cars and trucks. But the reality experienced by local dealerships every day has (more…)

Car Sales Recovery Will Continue Slowly, Analysts Believe

Analysts are predicting sales of new vehicles are continuing to improve in August, though they remain stuck below the level recorded before the COVID-19 pandemic sent the economy into a lockdown. ALG Inc., a subsidiary of TrueCar Inc. and the industry benchmark for determining the future resale value of a (more…)

Online Sales Increased in June

The Census Bureau reported that retail sales increased 7.5% in June. Online sales in particular have spiked by as much as 19% during the COVID-19 pandemic. However, in-store purchases still made up the majority of sales; in June, 84% of sales—totaling more than $524 billion—occurred in traditional brick-and-mortar stores. (more…)

Vicarious Liability Bill Signed by Governor

FADA gets a bill over the hurdles to save you time, money and aggravation! HB 977, effective July 1, 2020, removes vicarious liability for accidents in your vehicles when driven by customers who have cars/trucks in for service. This legislation removes your liability for accidents you should never have been (more…)

Deadline to Apply for Economic Injury Disaster Loan Is December 31

The Small Business Administration’s Economic Injury Disaster Loans and Advance Program is now open to all eligible small businesses and non-profits impacted by the pandemic. The deadline to apply is December 31. The loan program offers long-term, low-interest assistance for a small business or non-profit. See state-by-state data here. The advance program will (more…)

DOL: States Must Ensure Integrity of Unemployment Insurance Programs

The Department of Labor has issued targeted guidance and reminders that provide states required functions for their regular unemployment compensation programs. These include those authorized by Pandemic Unemployment Assistance, Federal Pandemic Unemployment Compensation, and Pandemic Emergency Unemployment Compensation of the Coronavirus Aid, Relief and Economic Security (CARES) Act, in UIPL 23-20. The (more…)

Americans Want to Own Cars, Especially During a Pandemic

Dealers have long defended the idea of personal car ownership. Recent surveys show that commuters are choosing cars over public transportation  to avoid exposure to the coronavirus. Lissette Gole, Google’s head of Automotive Retail, said people are finding comfort in car ownership during COVID-19. Google data showed: Public transportation has seen a 28% drop; Ridesharing (more…)

DOL Issues Guidance to Aid Employee Benefit Plans 

The Department of Labor’s Employee Benefits Security Administration issued deadline relief and other guidance under Title I of the Employee Retirement Income Security Act of 1974. The guidance helps employee benefit plans, plan participants and beneficiaries, employers and other plan sponsors, plan fiduciaries, and other service providers impacted by the coronavirus. Also see DOL’s (more…)

Digital Retailing Distruption

FADA’s recent webinar entitled Digital Retailing Distruption – A Dealer Perspective offers some great advice for dealers in the wake of the COVID disruption. Take a look at our notes (below), and feel free to view the webinar in it’s entirety HERE. Top three things customers & employees look for (more…)

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