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Old 09-10-2009, 01:30 PM   #46
pma7129514
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Thanks for the new bank Granch, but if that bank is going off a NADA value that is wrong we are just masking the real problem of NADA values! Dealers keep adding some more EXAMPLES!
There is No reason for our industry having to deal with a situation that we cannot control or that we find that is not on the up and up!!
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Old 09-15-2009, 11:23 AM   #47
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Originally Posted by pma7129514 View Post
Thanks for the new bank Granch, but if that bank is going off a NADA value that is wrong we are just masking the real problem of NADA values!
Maybe we should have a new thread that lists banks which base their advance by using something other than NADA values?

I'm still convinced that it's going to be easier to change the banks' practices than it will be to change the NADA's.

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Dealers keep adding some more EXAMPLES!
I like reading the examples too.
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Old 09-28-2009, 01:29 PM   #48
pma7129514
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Looks like NADA is trying to get some real numbers!! Believe me NADA still has issues and we do want to show appreciation of correcting there mistakes but the way they handled it is irresponsible! If you don't know it NADA has cost all dealerships major money for no reason but there lazy system!

Here is a example: 2006 F150 Supercrew PU (Clean Retail) NADA
Old Book Sept. 09 New Book Oct. 09
Xlt $17975 $20050
Lariet 19975 22025
King Ranch 20575 22600
Xlt 4wd 20800 22825
FX4 4wd 21700 23750
lariet 4wd 22750 24775
King Ranch 4wd 23325 25375

I know its nice to see values go up $2000 but as we know truck prices have been stupid all year and they will keep climbing!
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Old 09-28-2009, 03:44 PM   #49
Granch
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One thing you may want to do is call some of your bank reps. Some of my banks are accepting auction receipts in place of NADA values, they are aware of the discrepencies.
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Old 09-28-2009, 04:50 PM   #50
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One thing you may want to do is call some of your bank reps. Some of my banks are accepting auction receipts in place of NADA values, they are aware of the discrepencies.
Great post.

That would be a great trend if more banks started making their advance decisions based on auction prices and not the NADA pricing guides. :thumbsup_old:
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Old 01-31-2010, 10:47 PM   #51
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Default NADA adopts weekly updates.....

I read a story in Automotive News reporting that NADA will begin providing weekly auction values to their electronic pricing guides beginning 02/01/10.

Perhaps even more interesting, there wasn't a single comment to the story. Is the NADA pricing guide even relevant any longer?
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Old 02-01-2010, 06:26 PM   #52
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from XDCX
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Is the NADA pricing guide even relevant any longer?
Nada may refer to:

A Spanish word meaning "nothing", used in English with the same meaning since at least 1867.[1] It comes from the Latin word "nata" (small, insignificant thing; literally (thing) born).[
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Old 02-02-2010, 08:04 AM   #53
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Nada may refer to:

A Spanish word meaning "nothing", used in English with the same meaning since at least 1867.[1] It comes from the Latin word "nata" (small, insignificant thing; literally (thing) born).[
If there's anything to Karma then I would think the NADA's future is on shaky ground.

While I've ranted in countless threads about the poor support NADA provided for the OLDCO dealers, there's no evidence to suggest they've done any better representing the interests of the NEWCO dealers.

In my opinion the NADA has grown increasingly insignificant over the past several years and that trend will continue until they remember who their customer is and why their organization was formed.
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Old 02-02-2010, 11:55 AM   #54
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I doubt if they will get the hint if attendance at NADA is down significantly.
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