Dealer Associations: CFPB/Honda Consent Order Severely Reduces Consumers’ Ability to Negotiate Lower Auto Loan Rates

MCLEAN, Va. (July 14, 2015) — Leaders of the National Automobile Dealers Association (NADA), the National Association of Minority Automobile Dealers (NAMAD), and the American International Automobile Dealers Association (AIADA) issued the following statements in response to a July 14 consent order entered into by the government and American Honda Finance Corp.:

June Auto Sales Continue Hot Streak

Alexandria, VA (July 2, 2015) – The American International Automobile Dealers Association (AIADA) today released June 2015 sales figures for the international nameplate automobile industry. AIADA represents America's approximately 10,000 international nameplate franchises whose brands accounted for 54.8 percent of all vehicles sold in the United States last month.

TPA Passage an Economic Boon for the United States

ALEXANDRIA, VA (June 24) – The American International Automobile Dealers Association (AIADA), the only national lobbying force dedicated solely to the economic and political interests of America's international nameplate automobile dealers, today commended the U.S. Senate for its 60-38 passage of TPA-2015. The bill, which grants the president Trade Promotion Authority (TPA), was passed by the House of Representatives earlier this month and will now be sent to the president’s desk for his signature.

AIADA Endorses Bass Sox Mercer

Alexandria, Va. (June 18, 2015) – The American International Automobile Dealers Association (AIADA) today announced a new affinity partnership with Bass Sox Mercer, Attorneys at Law. Through this partnership, AIADA’s international nameplate dealers will now have access to Bass Sox Mercer’s extensive portfolio of legal services.

Scorching May Auto Sales Beat Expectations

Alexandria, VA (June 3, 2015) – The American International Automobile Dealers Association (AIADA) today released May 2015 sales figures for the international nameplate automobile industry. AIADA represents America’s approximately 10,000 international nameplate franchises whose brands accounted for 54.6 percent of all vehicles sold in the United States last month.

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