NADA's leaders know that challenges are inevitable. My first major challenge arose in July 2012 when I was vice chairman.
That's when then-NADA President Phil Brady told 2012 NADA Chairman Bill Underriner and me that he was resigning. For 11 years, Brady had led NADA through tumultuous and unprecedented times, advancing dealer interests by responding to numerous governmental and industry challenges.
We immediately formed a search committee to find a new president. After several months of hard work and interviewing many candidates, we selected Peter Welch. Since 2003 Welch had been CEO of the California New Car Dealers Association, and before that he had managed its government and legal affairs office since 1990.
Welch was unanimously approved by the NADA board of directors in January 2013, and took the reins on Feb. 1, 2013. That was about the time I took over as chairman. Welch's selection has proved to be a great choice for NADA and all the new-car and -truck dealers in the country.
For the first few weeks, Welch and I were in learning mode, reviewing all the departments at NADA. But we soon faced a major challenge.