NADA Statement on the Toyota Recall

McLEAN, Va., Jan. 27, 2010 /PRNewswire-USNewswire/ -- The National Automobile Dealers Association (NADA) issued the following statement today on the Toyota recall:

"Toyota is doing the right thing. The safety of the customer is of paramount concern. Toyota has a reputation for resolving problems quickly. We certainly hope that's the case in this situation as well.

"This is creating a very difficult situation for dealers, in an already tough market. NADA is working with Toyota to identify a plan to help get dealers through this. In the meantime, we are encouraging Toyota dealers to check to see if they have business interruption insurance that might help them weather this crisis.

"For the consumer, Toyota has set up a toll-free number to answer customer's questions. That number is 1-800-331-4331."

NADA, founded in 1917 and based in McLean, Va., represents about 17,000 new-car and -truck dealers, both domestic and international.