Affordability tops worries for NADA's Welch

“People buying $55,000 pickup trucks with $1,000-a-month payments — I’ve never seen it. A lot of people don’t think that’s sustainable.” Peter Welch, CEO, NADA (Glenn Triest )

January 21, 2019 05:00 AM

DETROIT — High prices and high monthly payments have Peter Welch, CEO of the National Automobile Dealers Association, concerned about the economics of the light-vehicle market, especially given the potential impact of federal fuel economy regulations and Trump administration tariffs targeting imports.

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