The National Automobile Dealers Association elected Geoffrey Pohanka as its 2023 chairman; Tacoma, Wash., dealer elected vice chairman.
Posts tagged as “NADA”
Inventory on the ground and in transit, however, has finally started to increase meaningfully.
The fund provides auto and truck dealership employees who have been impacted by natural disasters with grants of up to $1,500.
In January, all light-truck segments gained market share, while all car segments lost share. Light trucks represented 77.8 percent of all new vehicles sold.
Stanton, 52, succeeds Peter Welch, who has led NADA since his appointment by the NADA Board of Directors in January 2013.
It is the first time monthly sales have topped 16 million units since February 2020, though it represents a 4.3 percent decrease from September 2019.
Based on inventory levels at the beginning and end of the month, dealers turned roughly 50 percent of their inventory in August.
