Dealers encouraged to vote for RVDA state delegates

(July 16, 2012) -- Every year, the RVDA Nominating Committee reviews the list of state delegates whose terms are about to expire. They evaluate the willingness of the delegate to continue in that role. They evaluate the level of activity and participation that the delegate has displayed over the past two years. The committee either submits the incumbent as the nominee or interviews and selects another deserving dealer member volunteer to be voted on by the state delegates, said Ingrassia.

RVDA publishes regulatory guides for dealers

(July 16, 2012) -- Most recently, the FTC held public hearings on motor vehicle finance related topics. Although the agency hasn't yet announced any proposed regulations, it's expected to do so soon. Industry analysts anticipate that it may issue rules prohibiting or limiting traditional dealer practices like spot deliveries, rate markups, and certain aftermarket selling practices, said Richardson.

Retail sales decline in June

(July 16, 2012) -- "Today’s report implied that consumer spending growth slowed in the second quarter of 2012 to only 1.4 percent, at an annualized rate, which is down from the 2.5 percent achieved in the first quarter of the year," said Ferley. "For this downward trend to be arrested, it is key for labor markets to start to recover from disappointing gains during the second quarter with the recent drop in jobless claims providing a hopeful sign."