New car dealers ride the 'momentum' into NADA Convention

(February 10, 2013) ORLANDO — The U.S. economy is gaining momentum and new-car and -truck sales are leading the way. In fact, “Momentum” is the theme of the 96th annual National Automobile Dealers Association (NADA) Convention and Expo now underway in Orlando running through Monday, Feb. 11.

More than 21,000 new-car dealers, auto industry executives and exhibitors from across the globe are attending the convention this weekend. NADA is hosting nearly 1,500 international dealers from 36 countries.

Keynote speakers include John Krafcik, president and CEO of Hyundai Motor America; NADA Chairman Bill Underriner; inspirational speaker Mark Kelly, space shuttle commander of Endeavour’s final mission and husband of former U.S. Rep. Gabby Giffords; incoming NADA Chairman David Westcott; and former Secretary of Defense Robert M. Gates.

For the second consecutive year, the American Truck Dealers (ATD) Convention and Expo will run concurrently with NADA.

Considered as the “automotive industry event of the year,” the NADA convention includes 26 dealer franchise meetings, more than 500 companies exhibiting on the expo floor, and between the two conventions, more than 158 workshop sessions covering 60 topics offered in eight time slots.

Auto industry consultant Glenn Mercer will release the findings of NADA’s Phase 2 study on factory-mandated dealership renovation programs, which require new-car dealers to collectively invest billions of dollars. (See story in Inside the Industry). The Phase 2 study analyzes the return-on-investment of these programs as well as how dealerships of the future will look and function.