NOVEMBER 1, 2011

IN THIS ISSUE

DEALER NEWS & INFORMATION

Chevrolet Celebrates 100 Years

Auto Industry News at a Glance

 

LEGISLATIVE UPDATE

Colorado Legislator Meetings, 2011

 

REGULATORY & LEGAL UPDATES

Unclaimed Property Reporting DUE TODAY!

Salesperson Licensing Under Spotlight

 

UPCOMING SEMINARS

Upcoming Seminars

F&I Compliance Seminar: Covering Federal Regulations Impacting Dealerships


CALENDAR OF EVENTS
Upcoming Events

Legislator Meetings

CADA Regional Meetings
Amp Up

2012 NADA and ATD Convention & Expo

Colorado Dealer Breakfast


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.

open_sign


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.


CHEVROLET CELEBRATES 100 YEARS!

Read a letter from Governor John Hickenlooper!
Read a letter from Mayor Michael Hancock!


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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.



…more news articles are included at the end of this issue.



Plan now to participate in CADA Regional Meetings 2011

Please click on any of the boxes below to register for that meeting/location.
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 http://cada.wildapricot.org/



COLORADO LEGISLATOR MEETINGS, 2011

Dealers:

The CADA Legislative Policy Committee is scheduling dealer meetings with Colorado state legislators in order to increase awareness and gain support for many policy issues expected to face auto dealers in the upcoming session of the Colorado General Assembly which convenes January 11, 2012.

Several meetings are planned and you are invited to participate in as many of the meetings as you are able to do.

The primary purpose of this series of brief get-togethers is to foster and advance relationships between CADA member dealers and Colorado’s elected leaders.

The following topics areas are expected to be covered in each session:

  • Auto industry issues in general
  • Colorado dealer issues in particular
  • Proposals to repeal Colorado’s ban on Sunday sales of automobiles
  • Growing class action litigation against the auto retail industry
  • Trends in auto sales in state and nationally
  • Sales tax issues for dealer license plates and jurisdictional tax issues

With the economic challenges faced by the industry today, it is more important than ever that state legislators get the opportunity to hear from you on issues of importance to you and your business.

The schedule of upcoming meetings and registration info. are attached HERE!

RSVP To:  Lauren Stadler, Phone: 303.457.5123, Fax: 303.831.9100 or Email: rsvp@coloradodealers.org or lauren.stadler@coloradodealers.org



UNCLAIMED PROPERTY REPORTING DUE TODAY!

A reminder that annual unclaimed property reports are due each year to the state of Colorado covering unclaimed property through June 30th of that year—the report filing deadline is Nov.1st of each year.  Visit the September 13th issue of Open Road for more information.

* * * * * * * *

SALESPERSON LICENSING UNDER SPOTLIGHT

Several recent cases of unlicensed salespersons have surfaced.  Ensure your dealership(s) has processes in place to double-check all salesperson licenses / bonds. Oversights can happen at any dealership; you need to actively review!

Recently, several Colorado dealerships have realized that they employed salespersons who were not licensed or bonded—some of whom had been unlicensed for several YEARS yet actively selling!  In one case, the dealership identified the oversight and corrected immediately, in another a consumer complaint was filed that happened to involve an unlicensed salesperson. In yet another, a majority of the sales force was not licensed because a manager had simply neglected this duty.  Regardless of the reason, these errors can be prevented so dealers avoid any violation of the law.  Renewals can slip through the cracks—overlooked, lost mail, etc.—unless all are actively ensuring compliance

It is critical that every dealership create a system to actively monitor salesperson licenses. If a license lapses, both the dealership and salesperson are in violation.  Violations of these provisions are subject to fines of up to $10,000 per offense.  While maximum fines are usually not levied on first-time violations, activity that spans long time periods, many deals, and multiple salespersons can result in total penalties of well over $10,000, even when each violation may be at a lower amount.  …

Review the full memo, Part I for a re-cap of obligations and penalties; CLICK HERE for the attachment outlining how to obtain access to the state database to review current license records.

Lead time required for off-premise sales.  Beware of issues with out-of- state marketing companies sending in salespeople for special events.

Recently, a dealer conducting an off-premise sales event had spent considerable money to plan, advertise, secure off-premise venue, and on various other expenses—only to find the dealer was almost unable to obtain licenses for the sales team who had arrived to staff the event.  Some reminders and new policies regarding licensing these salespersons for special events: …

Review the full memo, Part II for more reminders and new policies regarding licensing these salespersons for special events.

* * * * * * * *

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


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F&I COMPLIANCE SEMINAR: COVERING FEDERAL REGULATIONS IMPACTING DEALERSHIPS

Rob Byerts, of nationally recognized automotive law firm,        
Bass Sox Mercer, to provide training in Colorado

Compliance is a MUST in your F&I Department; don’t let your dealership be a lawsuit-waiting-to-happen! a

  • This presentation will cover the F&I legal issues about which every dealership MUST be knowledgeable; avoid mistakes that often lead to costly litigation
  • Plaintiff attorneys continue to successfully sue dealers locally and across the country
  • Increased enforcement by government regulators at both the state and federal levels

Multiple dates and locations!
CLICK HERE for information and registration!
REGISTER ONLINE!

Topics to be covered include the following:

  • Red flags rule requirements
  • Risk Based Pricing
  • Privacy notices
  • OFAC
  • 8300 Reporting
  • Adverse action notices (even credit discussions may trigger)
  • Record retention
  • Used Car Buyers Guide
  • Advertising                 
  • FTC/CFPB and recent cases
  • How to handle negative equity
  • How to handle online credit applications

About Rob Byerts.Robert C. (Rob) Byerts joined Bass Sox Mercer in April 2003.  His practice focuses on all aspects of automobile franchise law but primarily deals with litigation of automobile franchising law matters and advice and counsel to new car dealers. Rob has provided assistance to dealers in all aspects of franchise and contract issues, including but not limited to: opening new dealerships and locations, as well as the wind down of operations; protests of charge backs, add-points, terminations, market withdrawals, franchise turndowns, transfers, and facilities issues; the drafting and filing of new and amended exclusive use agreements and much more.  Rob also performs finance and insurance compliance reviews and defends dealers against  regulatory challenges to finance and insurance operations.  

aTO REGISTER ONLINE FOR ANY CADA
SEMINAR OR EVENT, PLEASE VISIT:

www.coloradodealers.org/registration
Event Description
Date/Time
Location

F&I Comliance Seminar

Grand Junction


Tuesday, Nov. 15
7:30am-10:00am
Breakfast included


Doubletree Hotel
743 Horizon Drive
Grand Junction, 81506
Phone: 970.241.8888
CLICK HERE for information and registration!
REGISTER ONLINE!

F&I Comliance Seminar

Glenwood Springs


Tuesday, Nov. 15
12:00pm-2:30pm
Lunch included


Courtyard By Marriott
105 Wulfsohn Road, Glenwood Springs, 81601
Phone: 970.947.1300
CLICK HERE for information and registration!
REGISTER ONLINE!

F&I Comliance Seminar

Denver



Wednesday, Nov. 16
7:30am-10:00am
Breakfast included

William D. Barrow Building
CADA Headquarters, Media Center
290 East Speer Blvd, Denver, 80203
Phone: 303.831.1722
CLICK HERE for information and registration!
REGISTER ONLINE!

F&I Comliance Seminar

Loveland


Wednesday, Nov. 16
12:00pm-2:30pm
Lunch included


Embassy Suites Loveland
4705 Clydesdale Parkway, Loveland, 80538
Phone: 970.593.6200
CLICK HERE for information and registration!
REGISTER ONLINE!

F&I Comliance Seminar

Pueblo

Thursday, Nov. 17
7:30am-10:00am
Breakfast included


Pueblo Marriott
110 W. First Street, Pueblo, 81003
Phone: 719.542.3200
CLICK HERE for information and registration!
REGISTER ONLINE!

F&I Comliance Seminar

Colorado Springs


Thursday, Nov. 17
12:00pm-2:30pm
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 information and registration!
REGISTER ONLINE!

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


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Event Description
Date/Time
Location

Legislator Meeting

Senator Linda Newell



Monday, November 21, 2011
7:30am, Breakfast


Lucile’s Café, 2852 West Bowles Avenue, Littleton, 80120

CLICK HERE for info. and registration!

Legislator Meeting

Representative Mark Barker

Wednesday, November 23, 2011
8:00am, Breakfast


Denny’s, 1450 Harrison Road, Colorado Springs, 80906

CLICK HERE for info. and registration!

Legislator Meeting

Representative Pete Lee



Wednesday, November 23, 2011
10:00am, Coffee


Pikes Perk, 14 S. Tejon, Colorado Springs, 80903

CLICK HERE for info. and registration!

Legislator Meeting

Representative Kathleen Conti



Monday, November 28, 2011
8:00am, Breakfast


Marie Callendars, 51 West Dry Creek Court, Littleton, 80120

CLICK HERE for info. and registration!

Legislator Meeting

Representative Jim Kerr

Monday, November 28, 2011
10:00am, Coffee


TBD-Littleton

CLICK HERE for info. and registration!

Legislator Meeting

Representative Robert Ramirez



Monday, November 28, 2011
12:00pm, Lunch


TBD

CLICK HERE for info. and registration!

Legislator Meeting

Representative Beth McCann

Monday, November 28, 2011
3:00pm, Coffee


Panera Bread, 1330 Grant Street, Denver, 80203

CLICK HERE for info. and registration!

Legislator Meeting

Representative Glenn Vaad



Monday, November 28, 2011
6:00pm, Dinner


The Edge Restaurant, Four Seasons Hotel Denver, 1111 14th Street, Denver, 80202

CLICK HERE for info. and registration!

Legislator Meeting

Representative Brian DelGrosso



Tuesday, November 29, 2011
8:00am, Breakfast


Schmidt’s Bakery, 808 14th Street Southwest, Loveland, 80537

CLICK HERE for info. and registration!

Legislator Meeting

Representative Matt Jones

Tuesday, November 29, 2011
12:00pm, Lunch


TBD

CLICK HERE for info. and registration!

Legislator Meeting

House Democratic Caucus



Tuesday, November 29, 2011
6:00pm, Dinner


The Edge Restaurant, Four Seasons Hotel Denver, 1111 14th Street, Denver, 80202

CLICK HERE for info. and registration!

Legislator Meeting

Senate Democratic Caucus



Wednesday, December 21, 2011
12:00pm, Lunch


The Edge Restaurant, Four Seasons Hotel Denver, 1111 14th Street, Denver, 80202

CLICK HERE for info. and registration!

Legislator Meeting

House Republican Caucus



Wednesday, December 21, 2011
6:00pm, Dinner


The Edge Restaurant, Four Seasons Hotel Denver, 1111 14th Street, Denver, 80202

CLICK HERE for info. and registration!

Amp Up

Energized event for next-generation automotive professionals



November 17 and 18, 2011


Vail Marriott Mountain Resort and Spa
715 West Lionshead Circle Vail, Colorado 81657

CLICK HERE for details!
REGISTER ONLINE!
CLICK HERE for sponsorship opportunities!
SPONSORSHIP FORM
EXHIBITOR FORM

2012 NADA & ATD Convention & Expo

February 3-6, 2012


Las Vegas, NV

Register Online!

Colorado Dealer Breakfast

Sunday, February 5
7:30 am - 9:00 am


Las Vegas Hilton
Ballroom D
3000 Paradise Road
Las Vegas, NV  89109

More details coming soon!




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


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

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

 
Colorado Automobile Dealers Association
290 East Speer Boulevard Denver, CO 80203
Telephone: 303.831.1722 | Facsimile: 303.831.4205
www.coloradodealers.org