|
JUNE 22, 2010
IN THIS ISSUE
 DEALER NEWS & INFORMATION
– Automotive News at a Glance
REGULATORY & LEGAL UPDATES
– Sales/Use Tax Rate/Collection Changes Effective July 1st, 2010
– Red Flags: Dealers Need To Be In Compliance, Despite Latest Enforcement Delay
 LEGISLATIVE UPDATE
– Reception in Honor of John Suthers
– Reception to Support Chris Romer for State Senate
– A Warm Summer Night in Havana
UPCOMING SEMINARS
– One Toke Over the Line? Medical Marijuana at Work. The HIRE Act: Employer Tax Breaks For Hiring Unemployed Workers
– Are You Prepared to Service Hybrid Vehicles?
CALENDAR OF EVENTS
– Upcoming Events
– CADA 2010 Annual Golf Tournament
– Innovative Dealer Summit
– CADA Regional Meetings
– Denver Regional Meeting
DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS
–Share Your Accomplishments
THE AFTERFACT
–All the News That's Fit to Email!
ARCHIVES
CLICK HERE for Open Road
e-newsletter archives.
CLICK HERE for an Index of Regulatory
& Legal Articles from the Open
Road e-newsletter.
CLICK HERE for Bulletin archives.
CLICK HERE for Colorado Auto
Outlook archives.
CLICK HERE for Denver Auto
Outlook archives.
ONLINE REGISTRATION
CLICK HERE to register online
for various CADA seminars & events.
MEMBERSHIP RESOURCES
CLICK HERE for details on the
Speaker and Educational
Resources.
CLICK HERE for a list of current
Endorsed Vendors/Programs.
CLICK HERE for a list of current
Allied Members.
CLICK HERE for an order form for
CADA forms.
CLICK HERE for information on all member services.
www.nada.org
CLICK HERE for NADA
Regulatory Affairs information.
STATE GOVERNMENT RESOURCES
CLICK HERE for the Auto Industry
Division of the Colorado Dept.
of Revenue.
CLICK HERE for the Title and
Registration section of the
Colorado Dept. of Revenue,
Motor Vehicles Division.
CLICK HERE for the Colorado
Department of Labor &
Employment website.
Visit us at www.coloradodealers.org.
CADA Hours of Operation
Monday to Thursday, 7 a.m. to 5 p.m.
Friday, 7 a.m. to 4 p.m.
CADA STAFF
CLICK HERE for a CADA staff listing
If you have questions
or suggestions regarding this
e-newsletter, please
contact Lauren Stadler at
lauren.stadler@coloradodealers.org
CLICK HERE or scroll to the bottom
of this page if you want to be
added or removed from our list.
Need Acrobat Reader
to view linked
documents?
CLICK HERE for a FREE
download from Adobe.
ENDORSED VENDOR/PROGRAMS
CLICK HERE for information about the
Endorsed Vendors/Programs.
|
|
If you have trouble viewing any of the links or documents in this e-newsletter, please CLICK HERE to access the web-based version.
 
AUTOMOTIVE NEWS AT A GLANCE
Listed here are several articles pertaining to the
auto industry in general that appeared recently in newspapers and other media outlets across the nation.
- Two Denver-area car dealers win arbitration cases against Chrysler
The Denver Post, June 22
Two metro-Denver car dealers whose franchises were revoked by Chrysler have won arbitration cases against the auto giant.
- Chrysler Says 80% Of Its Dealers Were Profitable In 1Q
The Wall Street Journal, June 19
Auto dealers for Chrysler Group LLC are still contending with sluggish sales but are starting to see some signs of a recovery, according to company officials who work with its franchisees.
- GM's Unusual Choice for a Key Job
The Wall Street Journal, June 18
It hardly seems like the right resume for the job of turning around General Motors Co.'s most important operation: A GM lifer, and son of a former GM president, in a company blamed for insular ways.
- UAW's King calls for Toyota protests
The Detroit News, June 18
United Auto Workers President Bob King came out swinging on his first day in office, taking aim at Toyota Motor Corp.
- Detroit Diesel to invest $194M in Redford plant
The Detroit News, June 18
Detroit Diesel Corp., an engine manufacturer owned by Daimler AG, said today it will invest about $194 million to expand its Redford Township operations.
- Ferrari P4/5 designer Castriota heads to Saab
Auto Week, June 18
Jason Castriota, the noted designer who created the Ferrari P4/5 and the Maserati GranTurismo, is taking his talents to Saab.
- New Ford Mustang can run with the big boys
MSNBC, June 18
Ford finally provides an engine that is among the best in its class
- Ford Fiesta not yet in dealerships; dealers and customers get antsy
Auto Week, June 18
The new Ford Fiesta small car is either right on schedule or a few weeks late, depending on who's talking.
- GM won't shutdown plants for summer break
MSNBC, June 11
Automaker will keep plants open to meet customer demand
- U.S. passes imports in quality survey
MSNBC, June 17
First time in 24 years of J.D. Powers annual ranking
- Jeep aims to make Grand Cherokee one of a kind
Detroit News, Autos Insider
See more at www.autosinsider.com
- E.P.A. Delays Ruling on Increasing Ethanol Content in Gasoline
The New York Times, Wheels
See more at http://wheels.blogs.nytimes.com
- Lincoln jumps on free maintenance bandwagon
USA Today, DriveOn
See more at http://content.usatoday.com/communities/driveon/index
- Congress to weigh regulation of financing by auto dealers
Los Angeles Times, Autos
See more at http://www.latimes.com/classified/automotive/highway1/
- Top Driver’s Cars
AOL Autos
See more at http://autos.aol.com/
- A Hybrid That's Hot—Sometimes
The Wall Street Journal CARS
See more at http://online.wsj.com/public/page/news-autos-automotive.html
- GM: We'll foot the bill for Opel ourselves
CNN Money
See more at http://money.cnn.com/autos/
…more news articles are included at the end of this issue.
SALES/USE TAX RATE/COLLECTION CHANGES EFFECTIVE JULY 1ST, 2010
The Department of Revenue, Division of Taxation has posted the summary of sales/use tax changes effective July 1, 2010.
As a reminder, dealerships should be utilizing a certified, third party tax database in order to be covered under the state hold harmless provisions. While these databases should be updated with the changes highlighted above, dealership title personnel may want to double check deals in these areas on or after July 1st.
Visit the prior Open Road article below for additional information on the third party tax databases that provide rate lookups by address.
Dec. 8, 2009, Third Party Tax Jurisdiction Database: Proxix Solutions Terminating Service
NOTE: This article contains links to these third party services as well as guidance about the existing state system; dealers may want to check both systems whenever possible.
* * * * * * * *
RED FLAGS: DEALERS NEED TO BE IN COMPLIANCE, DESPITE LATEST ENFORCEMENT DELAY
While you may have heard that Red Flags was “delayed” again, keep in mind this is an enforcement delay only. Compliance was still required by November 1, 2008. Due to losses and costs you will likely incur if your customer is a victim of ID Theft on a deal at your store, it is in your best interest to have a Red Flags program.
CLICK HERE for the FTC announcement excerpt below:
The Rule became effective on January 1, 2008, with full compliance for all covered entities originally required by November 1, 2008. The Commission has issued several Enforcement Policies delaying enforcement of the Rule. Most recently, the Commission announced in October 2009 that at the request of certain Members of Congress, it was delaying enforcement of the Rule until June 1, 2010, to allow Congress time to finalize legislation that would limit the scope of business covered by the Rule. Since then, the Commission has received another request from Members of Congress for another delay in enforcement of the Rule beyond June 1, 2010.
The Commission urges Congress to act quickly to pass legislation that will resolve any questions as to which entities are covered by the Rule and obviate the need for further enforcement delays. If Congress passes legislation limiting the scope of the Red Flags Rule with an effective date earlier than December 31, 2010, the Commission will begin enforcement as of that effective date.
In the interim, FTC staff has continued to provide guidance, both through materials posted on www.ftc.gov/redflagsrule, and in speeches and participation in seminars, conferences and other training events to numerous groups. The FTC also published a compliance guide for business, and created a template that enables low risk entities to create an identity theft program with an easy-to-use online form.
Contact CADA for other recommended resources and guides to Red Flags compliance.
Visit the prior Open Road issue below for the last delay, and additional links to resources:
Nov. 3, 2009, 4th Postponement: Red Flags Enforcement Delayed (again) until June 1, 2010
* * * * * * * *
If you have questions on any legal or regulatory topic, please contact:
DISCLAIMER: CADA is not authorized to dispense legal advice.The information contained in this weekly email is intended to provide important updates and reminders regarding statutes, litigation, and regulations. CADA always advises that dealers should consult legal counsel on the specifics of any laws or regulations to ensure proper compliance
 
RECEPTION IN HONOR OF JOHN SUTHERS
* * * * * * * *
RECEPTION TO SUPPORT CHRIS ROMER FOR STATE SENATE
Please Join:
Collon Kennedy - Jep Seman - Travis Berry - Greg Romberg - Ruth Aponte - Mike Beasley - Fofi Mendez - Kara Miller - Kristen Thomson - John McCormick - Scott Chase - Annmarie Jensen - Melissa Kuipers - Kelley Brooks - Steve Durham - Maria Garcia Berry - Mary Woodard -Jeff Thermosdgaard - Barry Keene - Jason Hopfer - Beth and Peter Minahan - Moira Cullen - Mary Marchun - Christine Staberg - Tanya Kelly-Bowry
For a reception to support Chris Romer for State Senate
Wednesday, June 23rd, 2010
6:30-8:30pm
At the home of Chris and Laurie Romer
840 Detroit St.
Denver, CO 80206
Suggested Donations:
Host: $400 per person
Guest: $100 per person
All donations go to Romer for Senate, a Candidate Committee.
Contributions can be made online via Pay Pal at:
Pay Pal - Chris Romer for State Senate
Contributions should be made payable to:
Romer for Senate
P.O. BOX 181284, Denver, CO 80218
RSVP to rsvp@chrisromer.org or by leaving a message at 303-578-0005
* * * * * * * *
A WARM SUMMER NIGHT IN HAVANA
A WARM SUMMER NIGHT IN HAVANA
- WITH -
Representative Larry Liston and friends
Please join us for an evening of food, music, and live cigar rolling by Palma Cigars as we support Representative Liston’s re-election in House District 16!
Caribbean wear is encouraged.
Hosted By Chris Howes, Larry Hudson, Steve Balcerovich, Kathy Oatis, Melissa Kuipers and Virginia Morrison Love
Thursday, June 24th
6:00 - 9:00 PM
2279 East 7th Avenue
Denver, CO 80206
Suggested Contribution: $400 for PACs, $200 for individuals
*Committee to Elect Larry Liston*
2337 North Circle Drive – Colorado Springs, CO - 80909
TO RSVP, CONTACT:
Charlie Sheffield – (303) 810-0669 Charlie@ChrisHowes.com
* * * * * * * *
Questions or Comments? Please contact:
ONE TOKE OVER THE LINE? MEDICAL MARIJUANA AT WORK. THE HIRE ACT: EMPLOYER TAX BREAKS FOR HIRING UNEMPLOYED WORKERS
Wednesday, June 23rd – Colorado Springs – 12:00pm
Part I: One Toke Over the Line! Medical Marijuana at Work
• Can your employees use or possess marijuana in the workplace?
• What should you do if a drug test comes back positive for medical marijuana?
• What if the employee is "disabled"? How are Medical Review Officers handling positive tests for marijuana?
•Can your employee brag to other employees about their medical marijuana use?
• You’ll hear latest legal guidance on medical marijuana vs. laws.
Part II: The HIRE Act: Tax Breaks for Hiring Unemployed Workers
• You will learn what is needed for a new hire to qualify for immediate payroll tax exemption
• You will learn what is needed for the employer to receive a tax credit for retained workers
CLICK HERE for information and registration!
* * * * * * * *
ARE YOU PREPARED TO SERVICE HYBRID VEHICLES?
Overall Objective: To teach automotive technicians basic safety for handling hybrid batteries and working with hybrid vehicles.
Target market – Automotive technicians in the western region of the U.S. wishing to train on hybrid vehicles.
Anticipated class size – limited to 12 students per class
Anticipated duration of training – course will run for 40 hours (see dates and times on attached advertisement)
Learning Objectives and Hands on Training Includes:
- Demonstrate safety when dealing with hybrid batteries
- Describe and demonstrate methods of approaching high-voltage systems
- Describe steps to evaluate if vehicle is safe to touch or work on
- Be able to locate high-voltage wires in hybrids and all electric vehicles
- Conversion of hybrid vehicles to longer-range electric vehicles
Where: Arapahoe Community College – 5900 South Santa Fe Drive, Littleton, CO 80120 - Automotive Department
Cost: $299
Registration – Call 303.734.3701
CLICK HERE for more information!
Participants that complete the 40 hours will receive a certificate from Arapahoe Community College Corporate Learning Division. * * * * * * * *
| Event Description |
Date/Time |
Location |
One Toke over the Line? Medical Marijuana at work
The HIRE Act: Employer Tax Breaks for Hiring Unemployed Workers
Colorado Springs
|
Wed., June 23, 2010
12:00pm to 2:00pm
Lunch included |
Department of Motor Vehicles
Powers Office
5650 Industrial Place (Southeast Corner of Powers Blvd. and Airport Road)
**Colorado Springs dealers should register directly with CSADA, Ann Winslow, 719.473.1465 abwinslow@comcast.net
CLICK HERE for more information! |
Are You Prepared to Service Hybrid Vehicles?
Littleton
|
Trainings Available May through August! |
Arapahoe Community College – 5900 South Santa Fe Drive, Littleton, CO 80120 - Automotive Department
CLICK HERE for more information! |
If you have a particular area of interest or would like to suggest a training seminar topic, please contact Lauren Stadler at 303.457.5123 or lauren.stadler@coloradodealers.org
| Event Description |
Date/Time |
Location |
CADA 2010 Annual Golf Tournament
SAVE THE DATE!
|
Monday, August 9, 2010
11:00am-11:45am Registration/Practice
12:00 Noon – Shotgun Start |
Lakewood Country Club
6800 W. 10th Avenue
Lakewood, CO 80214 |
Innovative Dealer Summit
|
Wednesday, Sep. 8
|
Marriott Denver South at Park Meadows
10345 Park Meadows Drive, Littleton, 80124
More Details Coming Soon! |
CADA Regional Meetings
Steamboat Springs
|
(tentative)
11:30 am, Tuesday, September 14th
Lunch Meeting
|
TBD |
CADA Regional Meetings
Burlington
|
(tentative)
5:30 pm, Thursday, September 23rd
Dinner Meeting
|
TBD |
CADA Regional Meetings
Montrose
|
(tentative)
8:30 am, Tuesday, September 28th
Breakfast meeting
|
TBD |
CADA Regional Meetings
Durango
|
(tentative)
11:30 am, Wednesday, September 29th
Lunch meeting
|
TBD |
CADA Regional Meetings
Grand Junction
|
(tentative)
11:30 am, Tuesday, October 5th
Lunch meeting
|
TBD |
CADA Regional Meetings
Glenwood Springs
|
(tentative)
5:30 pm, Tuesday, October 5th
Dinner Meeting
|
TBD |
CADA Regional Meetings
Northern Colorado
|
(tentative)
11:30 am, Wednesday, October 6th
Lunch Meeting
|
TBD |
CADA Regional Meetings
Longmont
|
(tentative)
5:30 pm, Wednesday, October 6th
Dinner Meeting
|
TBD |
CADA Regional Meetings
Colorado Springs
|
(tentative)
11:30 am, Thursday, October 7th
Lunch Meeting
|
TBD
Attendees can register through CSADA–719.473.1465 |
CADA Regional Meetings
Pueblo
|
(tentative)
5:30 pm, Thursday, October 7th
Dinner Meeting
|
TBD
Attendees can register through PADA—719.544.7336 |
CADA Regional Meetings
Denver
|
(tentative)
7:30 am, Tuesday, November 23rd
Breakfast meeting
|
TBD |
LET US KNOW ABOUT YOUR ACCOMPLISHMENTS!
Have you or anyone else at your dealership won an award recently? Have you or your dealership provided any outstanding community service? We want to recognize such accomplishments. Please send us a brief write-up of the award or event along with any other information to milestones@coloradodealers.org. Also include your contact information for further follow-up.
THE AFTERFACT
- Porsche reduces debt amid net loss of $0.86 bn
Forbes, June 18
German sports carmaker Porsche SE says its debt burden has decreased significantly by almost euro4 billion ($5 billion) as the financial fallout from a failed takeover bid for Volkswagen AG weighed on its earning situation.
- In first, Detroit 3 tops foreign brands in quality
Detroit Free Press, June 17
Detroit Three brands, as a group, have surpassed foreign brands on the initial quality of their new cars and trucks for the first time since J.D. Power and Associates started tracking their performance a quarter century ago.
- Chrysler launches smartphone apps
The Detroit News, June 17
Chrysler Group LLC today announced it is introducing a smartphone application to download vehicle information, starting with the 2011 Grand Cherokee -- the newest vehicle in the automaker's showroom.
- California's Costly Electric-Car Push
AOL News, June 6
California's early lead in preparing for electric cars has made it the place experts are watching to see if buyers embrace a greener form of transportation.
- First 4,400 Volt owners eligible for free home charging stations
The Detroit News, June 17
The buyers of General Motors Co.'s first 4,400 plug-in electric Chevrolet Volt vehicles are eligible for free home-charging stations, the company said today.
If you want to be added to our mailing list, please CLICK HERE.
To remove yourself from this list, click on this link. |
|
TO REGISTER ONLINE FOR ANY CADA