WHAT DO DEALERSHIP TRANSACTIONS IN NEW ENGLAND LOOK LIKE? The Phillips Report is the only publication that specifically speaks to auto dealership transaction values, trends and trajectories in the New England and New York market areas. DOWNLOAD THE REPORT WWW.NANCYPHILLIPS.COM/BLOGS CONGRESS IMPOSES A 12% FEDERAL EXCISE TAX (FET) ON THE RETAIL SALE OF MOST NEW HEAVY-DUTY TRUCKS. The new requirements become applicable on Dec. 9, 2022, and NADA has developed several resources, including a written guide that can be found at nada.org/ safeguardsrule/ and the webinar at: Fair Credit Compliance On Mar. 21, 2013, the Consumer Financial Protection Bureau (“CFPB”) issued a fair lending guidance bulletin to indirect auto finance sources (which the CFPB refers to as indirect auto lenders), stating “that certain lenders that offer auto loans through dealerships are responsible for unlawful, discriminatory pricing” and lender policies “that allow auto dealers to markup lender established buy rates and that compensate dealers [for originating credit contracts] in the form of dealer [participation]” create a “significant risk” of fair lending violations. The CFPB, under the Biden Administration, has refocused its attention on dealers. Members should practice the process as outlined in the NADA Fair Credit Compliance Guide. Dealer Attitude Survey NADA initiated the Dealer Attitude Survey in 1985 to capture dealers’ opinions on key industry issues affecting dealers’ relationships with their manufacturers. Data collection for the NADA Winter 2022 Dealer Attitude Survey has ended with a 72% completion rate. The upcoming Summer 2022 Dealer Attitude Survey (DAS) Enrollment Schedule is as follows: July 05, 2022 Survey Available Online July 28, 2022 Last Day to Complete the Survey July 29, 2022 Survey Data Collection Closed https://nada.zoom.us/webinar/ register/4016478658590/ WN_ZXHahvFoSnqGDzvd0PqnSQ N E W H A M P S H I R E 13
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