DECEMBER 27, 2011

IN THIS ISSUE

DEALER NEWS & INFORMATION

Auto Industry News at a Glance

 

LEGISLATIVE UPDATE

Colorado Legislator Meetings, 2011

 

REGULATORY & LEGAL UPDATES

Advertising Violations & Compliance Issues Related to Truecar/Zag

Sales/Use Tax Changes Effective January 1, 2012

Football Stadium District Sales Tax Expires Dec. 31

 

UPCOMING SEMINARS

Upcoming Seminars

CALENDAR OF EVENTS
CADA Holiday Hours

Upcoming Events

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.


a


 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.



aa
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



ADVERTISING VIOLATIONS & COMPLIANCE ISSUES RELATED TO TRUECAR/ZAG
Dec. 16, 2011 CADA Memo

At the regularly scheduled meeting of the Colorado Motor Vehicle Dealer Board on December 8, 2011, Bruce Zulauf, Auto Industry Division Director and Executive Secretary to the Board, and investigative staff briefed the Board on the activities of a company known as TrueCar that is operating in Colorado. The following reflects the discussion by and direction of the Board.  [A similar statement is available in a December 15th statement posted by the Auto Industry Division.]

It has come to the attention of the Colorado Motor Vehicle Dealer Board (“Board”) and the Auto Industry Division (“Division”) that a number of new motor vehicle dealers have relationships with a company known as TrueCar. The Division has identified a number of advertising violations in TrueCar materials and on its web site, as well as other potential violations of the Motor Vehicle Dealer Act (“Act”) and related regulations. Any Colorado licensed dealer that is using TrueCar to promote and list its vehicles to consumers is ultimately responsible for any such violations. The specific advertising violations identified are:

  • Failure to include stock number of the vehicle for sale (violates Advertising Rule 3)
  • Use of the word “invoice” in the advertising (violates Advertising Rule 11)
  • Font size of disclaimers is too small (violates Advertising Rule 15)
  • Failure to advertise price of vehicle including all costs including Delivery & Handling (violates Advertising Rule 13)
    ‐ TrueCar disclaimers also refer to a “Documentation fee” which is terminology that
    has led to lawsuits in Colorado in the past
  • No expiration date or time limit for offer which could possibly result in a motor vehicle being listed for sale but no longer in inventory (violates Rule 3)

          CLICK HERE for the full memo from CADA, Dec. 16, 2011.

* * * * * * * *

SALES/USE TAX CHANGES EFFECTIVE JANUARY 1, 2012

The state tax division posts upcoming sales and use tax changes each January 1st and July 1st.  Dealerships should be aware of these changes and be on the lookout to ensure the tax database being utilized reflects these changes.  There may be a time-lag between the effective date and the update of these data sources.  Keep in mind, that all self-collected jurisdictions must report and changes are effective on these two dates each year.  Home-rule jurisdictions, however, can change at any time, and while many still adhere to these timeframes and report to the state, in the past, their changes have not always shown up in this list. 

CLICK HERE for a listing of January 1, 2012 Sales Tax Rate Changes

Please check back to the state site above in advance of the January 1st effective date, as further changes may be added.

Typically around January 1st or very soon after, the DR1002 that provides a listing of all sales/use tax rates is updated.  CADA maintains a short-cut to the latest version of this document at the following, which will be updated as soon as the revised listing is available:  http://www.coloradodealers.org/DR1002.

* * * * * * * *

REMINDER: FOOTBALL STADIUM DISTRICT SALES TAX EXPIRES DEC. 31

Beginning January 1, taxpayers will no longer pay the one-tenth of one percent Football District sales/use tax in the Denver area. The Metropolitan Football Stadium District (FD) tax will end on December 31, 2011 as planned in the law that established the tax.

Visit the 12/6/2011 issue of Open Road for more details.

* * * * * * * *

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


a

* * * * * * * *

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

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

Innovative Dealer Summit


March 21-22, 2012

More details coming soon!

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


CADA HOLIDAY HOURS

Friday, December 30th, CLOSED


a

Event Description
Date/Time
Location

Legislator Meeting

Congresswoman Diana DeGette



Wednesday, January 4, 2011
12:00pm, Lunch


William D. Barrow Building, CADA Headquarter
290 East Speer Blvd, Denver, 80203

CLICK HERE for info. and registration!

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