NOVEMBER 16, 2010

IN THIS ISSUE

DEALER NEWS & INFORMATION

– Auto Industry News at a Glance

REGULATORY & LEGAL UPDATES

– Model Privacy Notice: New Agency-Provided Forms Offer Safe Harbor

LEGISLATIVE UPDATE

– Election 2010 Report for the Colorado Automobile Dealers Association

– Capitol Rock!

– Mark Your Calendars!

UPCOMING SEMINARS

– Upcoming Seminars

– EPA Schedules Five Free 6H Compliance Webinars for Body Shops

– NEW: Risk Based Pricing, Red Flags Enforcement and "Top 10" F&I Legal Pitfalls

– WEBINAR: Chuck Hartle's Parts Inventory Evaluation Tool - Nails Down Overall Department Performance

CALENDAR OF EVENTS
– Upcoming Events

– CADA Regional Meetings

– NADA Convention and Expo

DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

–Share Your Accomplishmens

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


www.aiada.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.

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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.

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AUTO INDUSTRY 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.

Denver CADA Regional Meeting 2010

Join your colleagues to learn about issues important to you, your dealership, and your operations.                 

Hear what is happening in Colorado’s legislative and regulatory arena and what CADA is doing to proactively address problems that affect dealer survivability and profitability.

Be informed, be involved and be connected! Register today AT NO COST using one of the following methods:

Please click on the box below to register
for this meeting.
To register by phone, please call Lauren Stadler at 303.457.5123
Questions? Call or email Tim Jackson at 303.282.1448 or tim.jackson@coloradodealers.org
or visit www.coloradodealers.org/regionals

MODEL PRIVACY NOTICE: NEW AGENCY-PROVIDED FORMS OFFER SAFE HARBOR
Dealers need to switch-over by December 31, 2010

As a reminder, the FTC and federal banking agencies now have a model privacy notice that dealers can utilize to describe their privacy policies to finance and lease customers.  Utilizing these new model notices, consistent with instructions, provides “safe harbor” protection.  Dealerships could begin taking advantage of that safe harbor as of December 31, 2009, and have until December 31, 2010 before the safe harbor under the old, sample language expires.   

Those still utilizing the prior, sample language will lose safe harbor as of December 31, 2010. 

Below is a link to a ‘form builder’ that the FTC produced to assist dealers with the model privacy notices. 
http://www.federalreserve.gov/bankinforeg/privacy_notice_instructions.pdf  

CLICK HERE for a summary from NADA.

Visit the article below for more information:
FTC Issues Model Privacy Notice (Open Road, Regulatory & Legal Updates, December 22, 2009)

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If you have questions on any legal or regulatory topic, please contact:

• Tammi McCoy, Vice Pres., tammi.mccoy@coloradodealers.org, 303.282.1449
• Tim Jackson, President, tim.jackson@coloradodealers.org, 303.282.1448

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

ELECTION 2010 REPORT FOR THE COLORADO AUTOMOBILE DEALERS ASSOCIATION
Prepared by Melissa L. Kuipers, Esq., Vice President of Government Relations and Communications, November 11, 2010

CADA Achieves 96% Accuracy Rate in predicting Colorado House and Senate Races

Election Night 2010 was nothing short of thrilling.  The CADA Legislative team was awake until the wee hours of the morning after election night watching recounts in several key races in Colorado.  The Colorado Automobile Dealers Association Political Action Committee (PAC) contributed to candidates in 74 Colorado House and Senate Races.  Of those candidates to whom CADA provided financial support, 96% were victorious.

Comparatively at the national level, NADA’s Dealer Election Action Committee (DEAC) provided financial contributions to a total of 7 Federal candidates for the US Senate and US House of Representatives.  Of those candidates to whom DEAC provided financial support, 71% were victorious (5 out of 7).

The business community as a whole received a large boost Election Night when the Republicans gained control of the Colorado House of Representatives.  The Republicans picked up 6 seats which were previously held by Democrats in order to take the majority.  These key races are listed later in this report.

CLICK HERE to view the report!

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CAPITOL ROCK

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MARK YOUR CALENDARS!

The 2011 Session is slated to begin on Wednesday, January 12th and CADA’s Legislative Policy Committee is ready to get started on our legislative agenda.  If you want to be part of the discussions that will ultimately determine CADA’s legislative efforts for the 2011 Session, please join us on Wednesday, December 8th from 12:00pm-2:00pm at CADA.  Make your voice heard! 

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Questions or Comments?  Please contact:

• Melissa Kuipers – VP of Government Relations and Communications
  melissa.kuipers@coloradodealers.org, 303.457.5115
• Tim Jackson, President, tim.jackson@coloradodealers.org, 303.282.1448   

NEW: RISK BASED PRICING, RED FLAGS ENFORCEMENT AND TOP 10 F&I LEGAL PITFALLS

You can not afford to miss this session designed to inform you about major federal regulatory changes and common errors you need to avoid! 

Multiple Locations November 16 - 18, 2010

Topics to be covered include:

• Risk based pricing, what you must know in order to comply with this new mandate that starts Jan. 1, 2011!
• Red Flags enforcement, why you should use the new model privacy notice. After many delays, active enforcement begins Dec. 31, 2010.  Are you ready?
• Bureau of Consumer Financial Protection, why the “auto dealer exemption” may not apply to your dealership
• Top 10 F&I legal pitfalls – what to look for – what to avoid
• Other hot topics, federal regulatory changes, common errors and much more.

Presented by: Shawn Mercer, Bass Sox Mercer Law Firm
A partner in the Raleigh, North Carolina office of the Bass Sox Mercer law firm.  Mr. Mercer’s national practice is devoted solely to representing motor vehicle dealers.  He provides counsel to the firm’s dealer clients and their local counsel in areas including manufacturer facility and incentive programs, franchise realignment, audit charge backs, sales performance agreements, terminations, dealership relocations and add points. Mr. Mercer regularly represents dealers in disputes with manufacturers and consumers in mediations, administrative proceedings and in state and federal court.  He also assists various state dealer associations with revising and updating state franchise protections and he regularly works with dealers to address factory disputes, F&I concerns, advertising compliance and consumer complaints.

CLICK HERE to register online!

CLICK HERE for more information!

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CHUCK HARTLE'S PARTS INVENTORY EVALUATION TOOL- NAILS DOWN OVERALL DEPARTMENT PERFORMANCE

The key measurement for believable and accurate inventory performance analysis!

Thursday - November 18, 2010

Presented BY: Chuck hartle, Parts GURU, PartsEdge
How much time do you spend concentrating on all those confusing reports and indicators pumped out by your DMS concerning your parts inventory?  Are you suffering from pure data over-load? Measurements are not necessarily bad, but they can be confusing and counterproductive.  Chuck Hartle has developed a simple measurement that can tell quickly whether or not your efforts to manage your parts inventory are effective.

Visit with Chuck as he explores and explains his “Purchase-To-Sale Ratio”, a measurement that yields the best data for evaluation of your inventory performance – all in one reporting method!  This single and easy to produce report will unlock the data and help improve your overall inventory performance.

CLICK HERE to register online!
Enter discount code WDK3CADA (not case sensitive)

CLICK HERE for more information!

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TO REGISTER ONLINE FOR ANY CADA SEMINAR OR EVENT, PLEASE VISIT: www.coloradodealers.org/registration

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

As car dealers our visions are always beyond the present and embedded in the future. With new car sales on the rise and crippling legislation prevented, we, as dealers can certainly see a Bright Future Ahead!

To learn more about this Future and to explore all the possibilities it can contain, be sure to attend this year’s NADA Convention and Expo in San Francisco. We have so much in store for you! To name a few things headed your way:

• New on Friday night!  A NADA welcome reception co-sponsored by JD Power and Associates
• One stop registration and housing online with immediate confirmation!
• A compact 3 day Convention that wraps up on Monday at 5:00
• New workshops by Google, Ritz Carlton and JD Powers!
• General Sessions to be held on the third level in Moscone West, eliminating the busing to Civic Auditorium
• Advance registration open right up to Friday!
• Early Bird discounted registration fees
• New ID card scanners to replace the expo cards
• Optional badge mailing to your home enabling streamlined credential pickup.

Visit www.nadaconventionandexpo.com for more details!

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.

If you want to be added to our mailing list, please CLICK HERE.

To remove yourself from this list, click on this link.