National Automobile Dealers Association

The National Automobile Dealers Association (NADA), founded in 1917 and commonly referred to as NADA, represents nearly 16,000 U.S. new-car and truck dealerships, both domestic and international, with about 32,000 separate franchises. It is headquartered in McLean, Virginia.

History

The National Automobile Dealers Association was founded in 1917 by a group of dealers determined to lower the luxury tax on automobiles from 5% to 3% by lobbying Congress in Washington, DC. After the success in Washington, the group decided to form a permanent union and represent the nation's 15,000 automobile dealers. In July 1917, 130 dealers met in Chicago where they elected George Browne of Milwaukee to be NADA's first president. In 1975, NADA constructed a new corporate headquarters in Tysons Corner, Virginia where they currently reside at 8400 Westpark Drive.[1][2]

Operations

NADA exists to provide automotive information and advocacy to three groups. Consumers are served by their NADA Guides which provide information about vehicle pricing for new, used, and classic automobiles in addition to motorcycles, boats, recreational vehicles, and manufactured homes. Related to this, the company regularly issues reports and press releases about the automotive market such as analysis of the hybrid car market.[3]

NADA also serves dealers in two ways: by following pricing trends on new and used vehicles as well as providing an advocacy association to represent dealerships before the US Congress and other government agencies. In addition, to further consumer education regarding vehicle financing, NADA is a supporter of Americans Well-informed on Automobile Retailing Economics (AWARE).[4]

Charitable activities

In 1975, NADA established the National Automobile Dealers Charitable Foundation (NADCF). Since it establishment NADCF has given more than $9 million to various groups and organizations. NADA has also established numerous fund and grant programs including the Ambassadors Program, the Emergency Relief Fund, Medical Grants, the Frank E. McCarthy Memorial Fund, the Joseph J. Sanchez Memorial Fund, the John P. Winston Sr. Memorial Fund Memorial Fund, Leadership Council, the Legacy Program, Northwood University Grants, and the Survivors Relief Fund.[5]

In 2003, NADA partnered with Harvard Palmer Jr.'s Vehicle Donation Coalition to simplify the car donation process. The joint venture resulted in upwards of $50MM being donated to charity.[6][7]

Political campaign contributions

According to the Center for Responsive Politics, from 1990 to 2006, NADA donated a total of $21,167,642 to political campaigns 31% of which went to Democratic candidates while 69% went to Republican candidates.[8]

In January 2014, Hillary Clinton was paid $325,000 to deliver a keynote address before the association at their annual conference held in New Orleans. It was during this speech that Clinton admitted she had not driven a car since 1996 and that her yellow Fiat was stolen in the 1970s in Arkansas.[9][10]

See also

References

  1. ↑ "Early Times 1917-1942". Retrieved 2007-11-15.
  2. ↑ "The NADA Story". Retrieved 2007-11-15.
  3. ↑ "NADAGuides Asserts Most Hybrids Are Not Cost Efficient". Retrieved 2008-07-18.
  4. ↑ "AWARE". Nada.org. 2009-07-16. Retrieved 2011-10-15.
  5. ↑ "National Automobile Dealers Charitable Foundation". Retrieved 2007-11-15.
  6. ↑ "Donating old cars or cell phones—Here’s how you can roll that clunker away or ring up a good deal," by Betty Lin-Fisher; Beacon Journal (Akron, Ohio), November 17, 2003
  7. ↑ "Old Cars Can Become Good Deeds," by James Schembari, New York Times, December 28, 2003 Philadelphia Inquirer, November 8, 2003 www.nadaguides.com
  8. ↑ "Donor Profiles: NADA". Retrieved 2007-11-15.
  9. ↑ Garcia, Catherine (2016-02-04). "This is what Hillary Clinton talked about in her paid speeches: Snacks, camp, and cars". The Week. Retrieved 2016-04-16.
  10. ↑ Hensch, Mark (2016-04-15). "Report: Sanders earned less in a year than Clinton in a single speech". The Hill. Retrieved 2016-04-16.

External links

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