Have you ever wondered how car dealers and car manufacturers resolve issues between themselves? or What happens when a new law comes up and is disliked by the dealer community? or Where do the dealers get their set of rules to be followed while doing business? Worry not we are here to tell you about one such organization that plays a vital role in balancing all these elements.
What is NADA?
National Automobile Dealers Association or commonly known as NADA is an American trade organization based in Chicago, Illinois has a listing of more than 16,000 car dealers and franchises for new cars. Being the primary trade association of the American automobile industry, NADA maintains control by making regulations for the good of both the dealers and the consumers. It’s NADA that sets a general guideline for all the dealer
Apart from listing dealers and franchises, NADA keeps an eye on federal legislation and regulations which affects the dealerships directly. NADA also publishes forecasts and reports about the latest industry trends which helps all the dealers to maintain a good business structure throughout the states.
NADA has been a crucial part of the American Automobile Industry since 1917 and since then NADA has changed the perspective of many people towards the automobile industry. In their long list of achievements, we have made a timeline of how they came into existence and many more.
Formation of NADA
30 automobile dealers formed an organisation and tried to convince the US Congress to mark automobiles as “Mass Consumer Goods”
New President Elected
Adhering to their needs, 130 Auto Dealers met and elected George Browne, a dealer from Milwaukee, as their first president.
Passed their First Law
Motor Vehicle Theft Law was passed and is considered a federal crime since then.
Used Car Valuation
NADA began used car valuation for the American market.
Membership Fees Updated
Member fees converted into sliding scale. Different fees for people for different income groups.
First Guide Published
NADA published their first guide called “Official Used Car” and they set the standard for appraising used cars.
NADA Education Center
In 1971 ground broke for NADA Automobile Education Center in Midland, Michigan on Northland University Campus.
NADA Automobile Education Center Commencement
Funded by NADA members, the center has hotels, offices, classrooms and a kitchen.
NADA’s role in Automotive Industry Crisis 2008-10
NADA, Chrysler and General Motors worked together to prevent dealerships from closing down during this tough time.
Sold their 82-year-old business
NADA sold its 82-year old Used Car Guide business to J.D. Power and Associates.
NADA launches its informational Website
NADA launched their first website to help educate people about car dealers and their impact on economy.
All the above-mentioned timestamps tell us what NADA is in the American auto industry. Throughout the ups and downs in the American economy, NADA has helped dealers to remain functional. One such example would be the Great Auto Industry crisis in 2008, during this tough time Nada alongside Chrysler, General Motors and few other companies helped dealers so that they keep working as usual.
Below are some FAQs concerning how NADA works and what does it do?
NADA serves as one of the best platforms for representatives of various automakers, to settle out any disputes/discrepancies between them and the dealerships. NADA does everything on the basis of many existing laws regarding dealer franchising that serves as a common ground for both parties.
NADA acts as one of the testings and proving grounds for consumers who are looking for unbiased information on the car that they want to purchase. NADA gives accurate information about the dealers, listings, car information and other important details that are mostly unseen in auto review websites.
NADA is one of the best sources of understanding and analyzing the sales of different dealerships. It gives a real picture of how a dealership is growing on various parameters and gives the dealers, a parameter of improvement.
NADA has plans for their Expo till 2024 and as of now, no change is coming to their policies and dealers.
NADA for Trucks?
NADA has a separate division for trucks called ATD or American Truck Dealers established in 1970. This division represents 1800 heavy- and medium-duty truck dealers all over the United States. This committee’s chairman is elected every two years.
Yep, they also have their own show, First hosted in Chicago in the year of 1918 and they have hosted their annual show for more than 40 years now. This convention has have had many important guests overtime including George W. Bush, Bill Clinton, Hillary Clinton, and Henry Ford II.
Anuron Deka is a passionate driver whose love for cars can only be matched by his passion for writing. Hence naturally, after obtaining a Master’s degree in Engineering, he migrated to a job that lets him explore both of his passions.
Apart from cars, he is a hardcore soccer lover and an aspiring chef. His club is Manchester United and has been religiously following the club since David Beckham was a Red Devil. He loves exploring foods from all across the world. What he loves more is cooking them.