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Author: Press Release

AIADA Responds to U.S.-EU Trade Announcement

Dealers Are Optimistic Today’s Discussion Will Lead to Progress on Autos Alexandria, VA (July 25, 2018) – The American International Automobile Dealers Association (AIADA) today reacted to an announcement that the U.S. and the European Union reached an agreement to avoid the further escalation of trade tensions. President Donald Trump today met with European Commission President Jean-Claude Juncker and his top trade official Cecilia Malmström at the White House to address the trade issue, including automotive tariffs. “AIADA is pleased to see positive discussions between President Trump and the EU surrounding our trade differences,” said AIADA President and CEO...

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International Nameplate Auto Dealers Submit Comments on 232 Automobile and Automotive Parts Investigation

Alexandria, VA (June 28, 2018) – The American International Automobile Dealers Association (AIADA) today submitted comments on the Department of Commerce’s Section 232 investigation into whether or not imported autos and auto parts, used in every car sold in America, pose a national security threat to the United States. America’s auto dealers, domestic and international, stand to lose up to two million annual sales if the investigation rules against their products and the 25 percent tariff proposed by the Trump Administration is put into place. “Tariffs are taxes, and a 25 percent tariff on all imported vehicles and vehicle...

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Auto Dealers Object to Steel, Aluminum Tariffs On Canada, Mexico, & the EU

Auto Dealers Object to Steel, Aluminum Tariffs On Canada, Mexico, & the EU Decision Means Higher Prices Will Continue Alexandria, VA (May 31) – The American International Automobile Dealers Association today expressed opposition to President Trump’s plan to proceed with a 25 percent tariff on aluminum and steel imports from Canada, Mexico, and the European Union starting Friday. Both metals are crucial to the production of cars and trucks sold in America today. “Since the administration’s initial announcement earlier this year regarding steel and aluminum tariffs, prices have risen on key products. Today’s decision to proceed with imposing tariffs...

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House Repeal of CFPB Auto Lending Guidance Good News for Dealers

House Repeal of CFPB Auto Lending Guidance Good News for Dealers With Today’s Vote, Congress Stands With Dealers and Their Customers Alexandria, VA (May 8) – The American International Automobile Dealers Association (AIADA) today applauded the United States House of Representatives’ passage of a joint resolution annulling the Consumer Financial Protection Bureau’s controversial auto lending guidance, which sought to limit a consumer’s ability to receive a discounted auto loan from a dealer. The resolution, already passed by the Senate, will now go to President Trump’s desk for his signature. “Today’s vote by the House is a reminder that our...

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Auto Dealers Applaud Vote to Repeal CFPB Auto Lending Guidance

Auto Dealers Applaud Vote to Repeal CFPB Auto Lending Guidance Senate Resolution Seeks to Undo Government Overreach Alexandria, VA (April 18) – The American International Automobile Dealers Association (AIADA) today reacted with optimism to the United States Senate’s passage by a vote of 51-47 of a joint resolution annulling the Consumer Financial Protection Bureau’s controversial auto lending guidance, which sought to limit the retail margins dealerships could earn while arranging a vehicle loan. The House of Representatives is expected to vote on its version of the bill soon. “The CFPB, established to regulate Wall Street, never should have involved...

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