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JUNE 14, 2011
IN THIS ISSUE
 DEALER NEWS & INFORMATION
– Auto Industry News at a Glance
REGULATORY & LEGAL UPDATES
– July Sales Tax Changes & Vendor Allowance Change Effective July 1, 2011
UPCOMING SEMINARS
– Upcoming Seminars
– Colorado Dealer Compliance Guide Roll-Out and Training
CALENDAR OF EVENTS
– Upcoming Events
– CADA Annual Golf Event
ALLIED MEMBERS
– CADA Welcomes New Allied Members
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.
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If you have trouble viewing any of the links or documents in this e-newsletter, please CLICK HERE to access the web-based version.
Colorado Dealer Compliance Guide
Roll-out and Training Next Week!
(CLICK HERE for more info)
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.
- Ford Aims to Breathe Life Into Lincoln
The Wall Street Journal, June 10
Now that Ford Motor Co. has escaped from the grip of recession and projects a doubling of vehicle sales by mid-decade, the second-largest U.S. auto maker is making a revival of its ailing Lincoln luxury brand its top priority.
- China plans 'cash for clunkers' to beat weak auto sales
The Detroit News, June 8
China has announced a plan to pay up to nearly $2,800 for old vehicles headed to the scrap heap, in a move aimed at perking up slumping sales in the world's largest auto market.
- Chrysler rolls out SRT brand
The Detroit News, June 8
Group LLC is creating a new brand — the Street and Racing Technology or SRT brand — and reshuffling management, the automaker said Tuesday.
- GM to invest $49M in Bedford, Indiana, plant
Detroit Free Press, June 8
General Motors Co. is investing $49 million in its Bedford, Ind., plant, a move that will help to create or keep 91 jobs.
- Surprising Chrysler making most of second chance
MSNBC, June 8
Carmaker pays back billions, posts impressive sales gains
- Toyota Stuck In First Gear In Japan, North America For Now
Forbes, June 7
The tragic natural disasters that struck Japan in March impacted the first-quarter bottom line at Toyota Motor, and could have follow-on effects in the current quarter on the automaker’s vehicles sales in Japan and North America, its largest markets.
- Will you cash in on the used car boom?
Tim W Jackson, Wordpress Blog
See more at http://timwjackson.wordpress.com
- Nissan aggravates customers attempting to turn new 'Leaf'
Detroit News, Autos Insider
See more at www.autosinsider.com
- Reviewing the Think City, Smart Fortwo ED and Mitsubishi i-MiEV
The New York Times, Wheels
See more at http://wheels.blogs.nytimes.com
- GM offers free maintenance on used Chevy, Buick, GMC vehicles
USA Today, DriveOn
See more at http://content.usatoday.com/communities/driveon/index
- Chevy Volt dealers inflate prices, take tax credits
Los Angeles Times, Autos
See more at http://www.latimes.com/classified/automotive/highway1/
- Best Deals: High MPG Vehicles To Combat The Summer Gas Price Hike
AOL Autos
See more at http://autos.aol.com/
- A Good Time to Trade in That Gently Used Car
The Wall Street Journal CARS
See more at http://online.wsj.com/public/page/news-autos-automotive.html
- GM offers cheaper Volt
CNN Money
See more at http://money.cnn.com/autos/
…more news articles are included at the end of this issue.
JULY SALES TAX CHANGES & VENDOR ALLOWANCE CHANGE EFFECTIVE JULY 1, 2011
The Department of Revenue, Tax Division has posted information regarding July 1st, 2011 sales/use tax changes:
CLICK HERE to link to the listed changes.
At the time of this article, the only change listed is that Salida has eliminated its vendor fee (referred to as a “service fee” on the state page). It was previously 3 1/3%.
The state vendor allowance has been partially restored to 2.22%. For timely returns filed after July 1, 2011, the 2.22% can be deducted. Note, this vendor fee allowance applies to all of the following:
- States sales tax
- RTD taxes
- Football District
- Science & Cultural District
CLICK HERE for more information on the vendor fee allowance implementation.
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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
CADA WELCOMES NEW ALLIED MEMBERS
CADA would like to welcome several new allied members.
Brinkmann Constructors, sprecializing in construction services, preconstruction, budgeting, design, value engineering, site evaluation, civilengineering & full service construction services. For more information contact Tom Kooiman, 303.657.7900 or tkooiman@askbrinkmann.com
Call Source, an integrated sales, training and management company that provides online call tracking, recording and analytic solutions that allow companies to measure advertising effectiveness and improve ROI. For more information contact Jeff Ward, 888.496.1162 or jward@callsource.com
Data Source, specializing in distribution of printed products and consumables. For more information contact, Gary Reston, 816.483.3282 or greston@data-source.com
GeoResponse, LLC, helps dealerships generate new customers through our database of 125 million double-opt in e-mail subscribers. Think of direct mail but through email. Emails are trackable and have a verified physical address. For more information contact Greg Eisenbeis, 888.666.2019 or greg@georesponse.com
Moody Insurance Agency, Inc., a full service agency offering property and casualty, surety, personal lines, benefits, professional coverage, financial advisory and administrative services including COBRA administration, cafeteria plans (125 and HRA), and human resource consulting. For more information contact Chuck Seastone, 303.824.6600 or cseastone@moodyins.com
Security Service Federal Credit Union, a $6 billion credit union with its corporate headquarters located in San Antonio, Texas. The credit union has built a reputation of strength, stability, and convenience by offerings its members financial soundness, unmatched hours of service and competitive financial products and services. For more information contact Mark Wild, 719.594.5943 or mwild@ssfcu.org
Triumph Consulting Services, LLC, A consulting company that provides membership programs that offer consumers protection and savings on their auto, home, wellness and everyday living. The house and auto security plan offers 35 benefits and a member favorite is the insurance deductible reimbursement for auto, home, renters and health insurance. For more information contact Mike Cintron, 720.838.7400 or mikecintron@triumphconsulting.net
WG Nielsen & Company, specializing in investment banking. For more information contact William Nash, 303.830.1515 or wgnash@gmail.com
For more information on the Colorado Automobile Dealers Association and its Allied and Endorsed Members visit www.coloradodealers.org
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COLORADO DEALER COMPLIANCE GUIDE ROLL-OUT AND TRAINING!
NEW GUIDE SUMMARIZES, IN ONE PLACE, KEY AREAS OF STATE COMPLIANCE AND ASSEMBLES VALUABLE RESOURCE INFORMATION
Key dealership staff training for overlooked compliance areas and risk:
- Receive the new Colorado Dealer Compliance Guide AND training to review key highlights—for a reduced, bundled price.
- Compliance is critical in every area of your dealership; minimize exposure to lawsuits
Mulitiple dates and locations see calendar below for more information.
Register Online!
CLICK HERE to fill out a registration form.
New compliance guide developed jointly by CADA and Colorado dealer attorney:
Michael Dommermuth, MCGloin, Davenport, Serverson & Snow, P.C.
AN ATTORNEY WHO SPECIALIZES IN REPRESENTATION OF MOTOR VEHICLE DEALERS. MICHAEL IS A MEMBER OF NATIONAL ASSOCIATION OF DEALER COUNSEL, A NATIONAL ORGANIZATION OF ATTORNEYS WHO REPRESENT DEALERS. MICHAEL EARNED A BACHELOR’S DEGREE FROM PURDUE UNIVERSITY IN 1980 AND JURIS DOCTORATE FROM THE UNIVERSITY OF INDIANA AT BLOOMINGTON IN 1983. MICHAEL HAS 26 YEARS OF EXPERIENCE REPRESENTING DEALERS THROUGHOUT COLORADO AND THE ROCKY MOUNTAIN WEST. MICHAEL’S FIRM PROVIDES FULL SERVICE REPRESENTATION OF MOTOR VEHICLE DEALERS INCLUDING, BUY/SELL AGREEMENTS, LITIGATION, FINANCE, FRANCHISE, MANUFACTURER DISPUTES, BANKRUPTCY, DEALER SUCCESSION, CLASS ACTIONS AND FEDERAL AND STATE COMPLIANCE. MICHAEL HAS SUCCESSFULLY DEFENDED DEALERS IN CLASS ACTIONS CHALLENGING D&H AND THE FOR DAMAGES UNDER THE TELEPHONE CONSUMER PROTECTION ACT.
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| Event Description |
Date/Time |
Location |
Colorado Dealer Compliance Guide Roll-Out and Training
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By Michael Dommermuth, McGloin, Davenport, Severson and Snow, P.C
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Training will highlight key areas of state compliance.
Register Online!
CLICK HERE to fill out a registration form. |
Colorado Springs
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Tuesday., June 21
7:30am to 10:00am
Breakfast included
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Antlers Hilton Colorado Springs
**Colorado Springs dealers should register directly with CSADA, Ann Winslow, 719.473.1465
Register Online!
CLICK HERE to fill out a registration form. |
Pueblo
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Tuesday., June 21
12:00pm (Noon)-2:30pm
Lunch included
|
Marriott Hotel Pueblo
Register Online!
CLICK HERE to fill out a registration form. |
Loveland
|
Wednesday, June 22
7:30am to 10:00am
Breakfast included
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Embassy Suites Loveland
Register Online!
CLICK HERE to fill out a registration form. |
Denver
|
Wednesday, June 22
12:00pm (Noon)-2:30pm
Lunch included
|
William D. Barrow Building
Register Online!
CLICK HERE to fill out a registration form. |
Glenwood Springs
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Thursday, June 23
7:30am to 10:00am
Breakfast included
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Hotel Colorado
Register Online!
CLICK HERE to fill out a registration form. |
Grand Junction
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Thursday, June 23
12:15pm-2:45pm
Lunch Included
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Doubletree Hotel
Register Online!
CLICK HERE to fill out a registration form. |
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
Annual Golf Event
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Monday, September 12, 2011
Usually a 12:00pm Shotgun Start
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Green Gables Country Club
6800 West Jewell Avenue
Denver, 80232
Registration coming soon! |
CADA WELCOMES NEW ALLIED MEMBERS
CADA would like to welcome several new allied members.
Brinkmann Constructors, sprecializing in construction services, preconstruction, budgeting, design, value engineering, site evaluation, civilengineering & full service construction services. For more information contact Tom Kooiman, 303.657.7900 or tkooiman@askbrinkmann.com
Call Source, an integrated sales, training and management company that provides online call tracking, recording and analytic solutions that allow companies to measure advertising effectiveness and improve ROI. For more information contact Jeff Ward, 888.496.1162 or jward@callsource.com
Data Source, specializing in distribution of printed products and consumables. For more information contact, Gary Reston, 816.483.3282 or greston@data-source.com
GeoResponse, LLC, helps dealerships generate new customers through our database of 125 million double-opt in e-mail subscribers. Think of direct mail but through email. Emails are trackable and have a verified physical address. For more information contact Greg Eisenbeis, 888.666.2019 or greg@georesponse.com
Moody Insurance Agency, Inc., a full service agency offering property and casualty, surety, personal lines, benefits, professional coverage, financial advisory and administrative services including COBRA administration, cafeteria plans (125 and HRA), and human resource consulting. For more information contact Chuck Seastone, 303.824.6600 or cseastone@moodyins.com
Security Service Federal Credit Union, a $6 billion credit union with its corporate headquarters located in San Antonio, Texas. The credit union has built a reputation of strength, stability, and convenience by offerings its members financial soundness, unmatched hours of service and competitive financial products and services. For more information contact Mark Wild, 719.594.5943 or mwild@ssfcu.org
Triumph Consulting Services, LLC, A consulting company that provides membership programs that offer consumers protection and savings on their auto, home, wellness and everyday living. The house and auto security plan offers 35 benefits and a member favorite is the insurance deductible reimbursement for auto, home, renters and health insurance. For more information contact Mike Cintron, 720.838.7400 or mikecintron@triumphconsulting.net
WG Nielsen & Company, specializing in investment banking. For more information contact William Nash, 303.830.1515 or wgnash@gmail.com
For more information on the Colorado Automobile Dealers Association and its Allied and Endorsed Members visit www.coloradodealers.org
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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
- GM recalling 47,000 Cadillac SRXs in US
MSNBC, June 10
General Motors Co. is recalling more than 47,000 Cadillac SRX crossover vehicles in the U.S. because of a problem with the passenger side air bags.
- Prices soar on the used car lot
MSNBC, June 9
Weak economy drives up demand as Japan tsunami cuts into supply
- Bob Lutz: Detroit's automakers are storming back
The Detroit News, June 13
Detroit's carmakers are in the best position they've been in decades.
- 2012 Volkswagen Beetle to launch with Black Turbo edition
Auto Week, June 13
Volkswagen is borrowing a page from sister company Porsche and will turn to the color black to sex up the soon-to-arrive 2012 Beetle--and to draw attention to a preorder program launching this year.
- Toyota forecasts 35 percent profit slide after quake
MSNBC, June 10
Toyota Motor Corp forecast a larger-than-expected 35 percent fall in annual profit on Friday and warned that the strong yen was making it difficult to justify keeping production in Japan.
- Chevrolet Corvette gets more expensive for 2012
Auto Week, June 13
General Motors has released prices for the 2012 Chevrolet Corvette--and the cost is going up.
- GM arm invests $6M in electric bus company
The Detroit News, June 13
General Motors Co.'s venture capitalist division said today it will invest $6 million in a Colorado-based electric bus company.
- Nissan aggravates customers attempting to turn new 'Leaf'
The Detroit News, June 12
Nissan Motor Co. is aggravating the customers it needs most.
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