(April 12, 2012) WASHINGTON — The National Automobile Dealers Association (NADA) released a study today indicating that higher vehicle prices resulting from proposed fuel economy rules will cut millions of potential new-car buyers out of the market in 2025.
"To work, fuel economy improvements must be affordable," said Don Chalmers, president of Don Chalmers Ford in Rio Rancho, N.M., at a press briefing today. "While you can mandate what automakers must build, you can't dictate what customers will buy, nor can you dictate if a bank will make a loan."