Search
 
 
Quick Links

 
Many Thanks to our
2016 Convention Sponsors

Diamond Sponsors
 
 

Platinum Sponsors
Ally Financial
Bellavia, Blatt & Crossett, PC
SNYADS Insurance Agency, Inc
TD Bank
TrueCar, Inc
Zurich

Gold Sponsors
700 Credit 
Adesa Buffalo/Long Island/Syracuse 
AkzoNobel 
BlueShield of Northeastern NY 
Diligent Credit Solutions
Excellus BlueCross BlueShield 
First National Bank of Scotia 
GCG Risk Management 
General Motors Co 
Labonte Law Group PLLC 
NADA Retirement from Empower 
Netsertive 
Wholesale Auto Supply Co. 

Silver Sponsors
Auto/Mate 
Bond Schoeneck & King 
Colley Asset Management 
Merrill Lynch 
M&T Bank 
NBT Bank 
SNYADS Services 
Withum Smith & Brown 

Bronze Sponsors
Auto Outlook 
BeneCept Consultants 
Bluebird Rental Systems 
DealerCreative.com 
Express Scripts 
Leader Auto Resource Group 
Subaru Distributors Corp 
West & Company CPA's PC 

How Many Used Vehicles With Open Recalls is Your Dealership Being Forced to Hold in Inventory?
NYSADA would like to get an estimate of how many used vehicles each dealership is being forced to hold in their inventory and pay for due to an open recall. The vehicles in question could be stop-sale vehicles or vehicles that your manufacturer has forced your dealership to hold onto or suffer the consequences. An example of this would be that GM is instructing their dealers that they are not allowed to sell a used 2013 Chevrolet Equinox that has an open recall due to the windshield wiper motor. However, the Ford dealership down the street could take the same vehicle in trade and turn around and sell it the same day. NYSADA is trying to identify the depth of this problem.

Currently, there is no law that requires manufacturers to pay dealers for used vehicles that have open recalls and can’t be sold due to manufacturer restrictions. There is a federal requirement that manufacturers must pay their dealers 1% of the value of a new vehicle per month with an open recall. Of course, federal law does not allow a new vehicle with an open recall to be sold until the open recall is repaired. To help the Association understand how large the used vehicle problem is, we have enclosed in this edition of The News a short dealer survey that allows dealerships to list the number of vehicles that they have that fall under this category. Please take the time to fill out this survey and fax it back to the Association at (518) 432-1309 or email it to ed@nysada.com
U.S. Vehicle Sales Hit New Record In 2016
U. S. light-vehicle sales, led by generous incentives, strong light-truck demand and solid gains at several manufacturers in December, hit a record high of nearly 17.54 million vehicles in 2016. These results just edged out the previous record (set in 2015), by 0.3%. It was the seventh straight year of sales gains. Pent-up demand, more leasing, favorable finance deals, steady job growth, growing consumer confidence and low gas prices have driven new-vehicle sales since the Great Recession. In the State of New York there were $968,527 in sales for the year, which puts it amongst the best years ever

Automakers and dealers used heavy promotions and generous deals to lure consumers into showrooms in the final weeks of 2016. Analysts estimate that average incentives on new vehicles spiked 20% to $3,673 last month, compared with December 2015.
 
Light trucks, led by crossovers, continued to drive the market and accounted for a record 60.7% of all light-vehicle deliveries in 2016. For the year, car demand dropped 8.9%, while light-truck deliveries increased 7.4%. But analysts warn that rising interest rates and a peaking retail market will force automakers to cut production this year.
NYSADA News
SIF/Safety Group 430 Premium Audit Process Update; New Exit Interview Format: Webinar Available
Created by NYSADA Staff in 2/2/2017 11:18:23 AM

The New York State Insurance Fund, partnering with Safety Group 430, presented a webinar introducin... Read More..


GIT Releases Qtr 2 2017 Medical Rates
Created by NYSADA Staff in 2/2/2017 11:20:20 AM

The Group Insurance Trust (“GIT”) has released second quarter medical and high deductible rates for... Read More..


OSHA Reporting and Recording Requirements: Webinar
Created by NYSADA Staff in 2/2/2017 11:32:16 AM

On Thursday, January 26th, 2017 Safety Group 430 and its Workers Compensation Insurance partner, Th... Read More..


2017 Top Legal Trends
Created by NYSADA Staff in 2/2/2017 11:36:35 AM

Eric Chase Of Bressler, Amery, & Ross - Member Of Our Legal Hotline Included in this edition of The... Read More..


The Hidden Dangers In Unemployment For Auto Dealers
Created by NYSADA Staff in 2/2/2017 11:41:36 AM

- Dunn Corporate Resources, Affiliate Member We’re all familiar with processing unemployment claims... Read More..


NADA President Peter Welch Discusses Impact of Unfair Incentive Programs
Created by NYSADA Staff in 2/2/2017 11:43:55 AM

NADA President and CEO Peter Welch, speaking recently at the Automotive News World Congress in Detr... Read More..


New Buyer’s Guide Information
Created by NYSADA Staff in 2/2/2017 11:47:28 AM

NADA recently notified dealers about the Federal Trade Commission’s amendments to the FTC Used Car ... Read More..


Political Action Strategy - Your NYSADA at Work
Created by NYSADA Staff in 2/2/2017 11:53:32 AM

Every member of NYSADA has an important voice in Albany. When issues arise that affect your livelih... Read More..


Governor Proposes Title Fee Increase
Created by NYSADA Staff in 2/2/2017 11:55:51 AM

Recently, the Governor proposed his Fiscal year 2017 budget. The proposed budget, including all fun... Read More..


Chairman Jeff Haraden Assigns Committees for 2017
Created by NYSADA Staff in 2/2/2017 12:06:54 PM

Operations/Convention Jeff Haraden, Chairman Bruce Bendell Ken Miller Legislative and Governmental ... Read More..


U.S. Vehicle Sales Hit New Record In 2016
Created by NYSADA Staff in 2/2/2017 12:13:05 PM

U. S. light-vehicle sales, led by generous incentives, strong light-truck demand and solid gains at... Read More..


Cadillac Dealers Express Concern Over New BOOK Program
Created by NYSADA Staff in 2/2/2017 12:17:58 PM

NYSADA has been contacted by a number of Cadillac member dealers who have expressed concern over GM... Read More..


How Many Used Vehicles with Open Recalls is Your Dealership Being Forced to Hold in Inventory?
Created by NYSADA Staff in 2/2/2017 12:21:28 PM

NYSADA would like to get an estimate of how many used vehicles each dealership is being forced to h... Read More..


2017 Legislative Priorities
Created by NYSADA Staff in 2/2/2017 12:23:38 PM

The 2017 legislative session promises to be a busy one for NYSADA. The Association has been working... Read More..


More

Sun, 26 Feb 2017 05:01:00 -0500

The Federal Trade Commission is looking at the practice of installing GPS trackers and "kill switches" on vehicles to disable them if the owner fails to make timely payments.

Sun, 26 Feb 2017 05:01:00 -0500

Carlos Ghosn is handing the CEO reins for a vastly improved Nissan. Despite nearly two decades of gains, Nissan still has much to work on.

Sun, 26 Feb 2017 05:01:00 -0500

Bentley Motors is eyeing a new strategy for both its SUV lineup and its electrification plans: combining them.

Sat, 25 Feb 2017 05:01:00 -0500

The UAW and other unions finally have a friend on trade in the White House. But much of the rest of President Trump's agenda stands in stark contrast to labor's priorities.

Sat, 25 Feb 2017 05:01:00 -0500

How is Subaru reaching out to millennials? With a puppy, of course. It's one of the images Subaru of America is using to reach millennials in its national ad campaign for the all-new 2017 Subaru Impreza.

Copyright 2011 NYS Automobile Dealers Association Inc.   |  Privacy Statement  |  Terms Of Use  Xhtml 1.0  CSS 2.0