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NADA Updates on the FTC Cars Rule and More with Mike Stanton
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In this ASOTU CON 2024 podcast hosted by Kyle Mountsier, Mike Stanton, President and CEO of NADA, joins the conversation to discuss the latest developments and challenges in the automotive industry. The session kicks off with an update on the FTC's vehicle shopping CARS Rule, highlighting its implications for dealerships and the ongoing legal battles. Mike emphasizes the importance of dealer preparation and transparency in navigating these regulatory changes.
The conversation then shifts to the current state of the EV market, discussing the fluctuating consumer adoption rates and the impact of government mandates on dealers and manufacturers. Mike underscores the necessity of aligning consumer readiness with political and industrial agendas. The session also touches on the excitement building up for the upcoming NADA show, with Mike sharing insights into the preparations and expectations for the event. The discussion concludes with a focus on the industry's resilience and the critical role of ongoing advocacy and education.
Thanks to Effectv for making this episode of ASOTU CON Sessions possible! Learn more about Effect here: https://www.effectv.com/
0:00 Intro
1:09 Update on the FTC's vehicle shopping rule.
2:14 Importance of dealer preparation for regulatory changes.
4:15 The role of NADA in legislative advocacy.
5:28 Addressing misconceptions about dealership practices.
6:05 Current trends in EV adoption and market dynamics.
8:00 Aligning consumer readiness with industrial and political agendas.
9:38 Excitement and preparations for the upcoming NADA show.
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