McLEAN, Va. -

With the economic recovery slowing and the chance of retirement perhaps becoming slim for many Americans, Colorado franchised dealers now have another option when looking for ways to take the next step.

NADART — the financial services division of the National Automobile Dealers Association — revealed its endorsement by the Colorado Automobile Dealers Association. 

NADART and CADA will partner to deliver retirement solutions specifically targeted to franchised automotive retailers in Colorado, officials shared.

"At a time when nearly half of Americans are not saving for retirement, we’re especially pleased that NADART continues to meet the needs and expectations of our member dealers," said Tim Jackson, CADA president. 

"We represent more than 250 new-car and -truck dealers, and we are here to help them achieve financial success. Having loyal employees is a big part of that," Jackson added. "NADART has expanded its investment options and built a trusted name in the industry.

CADA noted that each endorsement it will make is selected by a dealer committee with final approval made at the executive board level. 

Representatives from NADART also expressed their enthusiasm for the new partnership: "NADART is delighted to partner with CADA to better serve its member dealers," said Betsy Piper/Bach, NADART vice president and chief operating officer. 

"Being an endorsed provider is a privilege that NADART does not take lightly. It is because of loyal customers, like the Colorado Automobile Dealers Association, that NADART is broadening its investment platforms," Piper/Bach added. "We specialize in managing the investment plans of individual sponsors and investors, which is typically reserved for large corporations."