JANUARY 24, 2012

IN THIS ISSUE

a DEALER NEWS & INFORMATION

Auto Industry News at a Glance

 

NADA / ATD CONVENTION

Colorado and Utah Dealer Breakfast

Super Bowl Party Hosted by CADA

 

REGULATORY & LEGAL UPDATES

Updated Sales/Use Tax Summary List, Form DR1002 Now Available

Reminder of Databases Providing Tax Rates by Address

NADA Reminds Dealers to Protect Their Data

 

UPCOMING SEMINARS
Innovative Dealer Summit


CALENDAR OF EVENTS

Upcoming Events

2012 NADA and ATD Convention & Expo

Colorado and Utah Dealer Breakfast

Denver Auto Show


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.

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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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to access the web-based version.


CADA Open Road is now beginning its sixth year of service, providing uninterrupted weekly news and information for Colorado automotive professionals to better compete in our industry, since January 3, 2007.


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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.





COLORADO AUTO DEALERS REGISTER HERE!

UTAH AUTO DEALERS REGISTER HERE!

* * * * * * * *

REGISTER NOW!



UPDATED SALES/USE TAX SUMMARY LIST, FORM DR1002 NOW AVAILABLE
Latest revision, Jan. 18, 2012 Reflects January 1st Tax Changes

The Colorado Department of Revenue updates a listing of sales/use tax rates by jurisdiction within a few weeks of those changes—January 1st and July 1st each year.  While most dealers primarily rely upon tax databases that provide rates by specific address (see article below), this list can serve as a quick reference.  Note that this summary includes a list of all home-rule cities that are self-collected – but while it includes sales tax rates in those jurisdictions, it does not list the respective use tax, if one exists.   The latest update is available at:   http://www.colorado.gov/cms/forms/dor-tax/dr1002.pdf

**ALERT:  The state IDS system as of last week had not been updated to remove the .1% Football district tax.  With the exception of leases that were made on or before Dec. 31, 2011, as of January 1, 2012, this tax should no longer be collected.  Visit, Open Road, Dec. 6, 2011 for more on this and other recent changes.

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REMINDER OF DATABASES PROVIDING TAX RATES BY ADDRESS

As a reminder, there are currently two primary sources of tax rate data by address—one provided by the state and the other source third party companies.  On occasion, one may be more accurate than the other; the best recommendation is to check both whenever possible and try to say on top of changes.  CLICK HERE  for links to certified, third party companies providing Colorado tax rates by address—there are currently two.  

Group 1 (a Pitney Bowes Company)
.  Of the two third party company solutions, Group 1’s service is currently offered at no cost.  This database continues to be updated regularly and must maintain 95% reliability to retain its ‘certified’ status.  Registration for the Group 1 solution is available at:  http://taxco.g1.com/COTaxLookup/CentrusDemo.aspx

State Address Locator/ Integrated Data System

Most counties rely on their own, internal tax “locator files” that in-turn feed into the state IDS (Integrated Data System).  Typically, IDS is being maintained and updated, but on occasion, some updates do not make it onto the state system.  It is still advised that dealerships retain access to and check both IDS and Group1 when possible to identify potential tax discrepancies before sending title paperwork.   Note that the state IDS system does not include use tax rates.  Visit the link below for more information—and please be sure to report any discrepancies between IDS and Group 1 to CADA so we can report to the relevant database provider.   

DOR Memo, Dec. 31, 2008, IDS Locator Address Tax Records System
***IDS (INTEGRATED DATA SYSTEM) LOCATOR ADDRESS TAX RECORDS (LATR) ***
The program appears in the drop down menu after you sign into IDS at http://ids.dor.state.co.us the title of this item is Locator Address Tax Records (LATR). To register for the IDS program, use the web site at: http://ids.dor.state.co.us and sign up using the “New User” IDS Link.

* * * * * * * *

NADA REMINDS DEALERS TO PROTECT THEIR DATA

Regulatory Affairs has prepared and disseminated to NADA members a Dealer Alert entitled “Are You In Control of Your Data?” This alert, which follows a similar 2005 alert that NADA issued, reminds dealers of the critical importance of knowing who can access data in their DMS, how that data is used, and what federal and state restrictions may apply to such usage. The alert also explains the availability of extensive educational resources on this and other regulatory compliance topics at: www.nadauniversity.com and www.nada.org/regulatoryaffairs.

* * * * * * * *

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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* * * * * * * *

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


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Event Description
Date/Time
Location

2012 NADA & ATD Convention & Expo

February 3-6, 2012


Las Vegas, NV

Register Online!

Colorado and Utah Dealer Breakfast

*Sponsored by Comcast Spotlight

Sunday, February 5
7:15 am - 9:00 am


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

Colorado Dealers Click Here:  www.coloradodealers.org/registration
Utah Dealers Click Here: gwenn@uada.com

Denver Auto Show

March 21-25th, 2012


Colorado Convention Center




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

  • Buick LaCrosse an all-around good hybrid
    The Detroit News, January 19
    The new LaCrosse, which rolled into dealerships in the fall, just shows you that an old dog can learn a few new tricks.
  • Students get revved for autos, technology at Cobo
    The Detroit News, January 18
    Thousands of students filled Cobo Center for Wednesday's Education Day at the North American International Auto Show.
  • Driver error, car electronics eyed in new study of Toyota unintended acceleration
    Detroit Free Press, January 18
    Unintended acceleration may be caused by driver error or unforeseen interaction of vehicle electronics, but government safety regulators should learn more about the complexity of those electronics before imposing more regulations, according to a government-commissioned study by the National Academy of Sciences.
  • Which Car Fantasies Should Come to Life?
    The Wall Street Journal, January 18
    Here's how you can tell the auto industry is getting its swagger back: Company executives are teasing us with sports cars again.
  • Saab collapse could take down Spyker, too
    Auto Week, January 18
    While the storm that had been threatening to break over Trollhättan has finally swept in and ravaged the last remaining bits of once-proud Saab, the brand's parent company--Swedish Automobile, NV (or Swan)--is attempting to stave off being swept away in the flood.
  • India’s Maruti Suzuki to Buy Diesel Engines from Fiat
    The Wall Street Journal, January 18
    Maruti Suzuki India Ltd. will buy up to 100,000 diesel engines a year for three years from the local unit of Fiat SpA under a pact between the Italian car maker and Maruti’s parent, Suzuki Motor Corp.
  • Lexus to debut its first Super Bowl commercial
    Auto Week, January 18
    Lexus will join Audi in the Super Bowl ad game this year. The company will air a 30-second spot focusing on the 2013 Lexus GS sedan that launches in February. Lexus released a 15-second teaser of the ad.

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