FEBRUARY 7, 2012
IN THIS ISSUE
– Mike Shaw Named 2012 National TIME Dealer of the Year
DEALER NEWS & INFORMATION
– Auto Industry News at a Glance
REGULATORY & LEGAL UPDATES
– Labor Department - Unemployment Insurance Updates
– NADA Reminds Dealers to Protect Their Data
– Innovative Dealer Summit
CALENDAR OF EVENTS
– Upcoming Events
– Denver Auto Show
HIGHLIGHTS & TRANSITIONS
–Share Your Accomplishmens
–All the News That's Fit to Email!
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MIKE SHAW NAMED 2012 NATIONAL TIME DEALER OF THE YEAR
Mike Shaw Wins National Recognition for Community Service and Industry Accomplishments at NADA Convention
(Las Vegas, NV, February 4, 2012) –Mike Shaw, dealer principal of Mike Shaw Chevrolet Saab in Denver, Colorado, was named the 2012 national TIME Dealer of the Year today.
Shaw received this highest honor out of a select group of dealers from across the country recognized at the 95th annual National Automobile Dealers Association (NADA) Convention & Exposition in Las Vegas on Saturday. The announcement of this year’s national Dealer of the Year and finalists was made by Kim Kelleher, worldwide publisher of TIME, and Tim Russi, executive vice president of North American Operations – Auto at Ally Financial, at the formal opening of the convention which was expected to draw more than 20,000 individuals involved in the automobile industry.
CLICK HERE for the entire press release.
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.
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 auto dealer Mike Shaw wins national award
The Denver Post, February 5
Denver auto dealer Mike Shaw on Saturday night received the Time Dealer of the Year Award at the National Automobile Dealers Association Convention & Exposition in Las Vegas.
- Mike Shaw named Time Dealer of the Year
Colorado Spring Gazette, February 6
Denver auto dealer Mike Shaw was honored as 2012 Time Dealer of the Year on Saturday during the 95th annual National Automobile Dealers Association Convention & Exposition in Las Vegas.
- TIME Dealer of Year Honored
Auto Remarketing, February 7
When the industry veteran chosen as the 2012 national TIME Dealer of the Year got a taste of the car business, he said he knew it was where he belonged. And in honoring this year's winner, the industry makes it evident it agrees.
- Mike Shaw named national auto dealer of the year
Denver Business Journal, February 6
Mike Shaw, dealer principal of Mike Shaw Chevrolet Saab in Denver, has been named the national Time Dealer of the Year for 2012, one of the auto-sales industry’s biggest honors.
- Eastwood denies Chrysler Super Bowl ad was political
The Detroit News, February 6
Chrysler Group LLC CEO Sergio Marchionne says the company's two-minute Super Bowl ad was not meant to be a political endorsement.
- Toyota lifts profit forecast as disaster woes fade
The Detroit News, February 7
Toyota Motor Corp. reported lower third-income income Tuesday but raised its full-year profit forecast slightly as the effects of natural disasters in Asia receded.
- In remarkable turnaround, GM may post record profit
MSNBC, February 6
Just three years after the automaker drove into government-run bankruptcy, requiring a massive taxpayer-funded bailout to keep it in business, General Motors is setting its sights on making over $10 billion a year, according to a report in The Wall Street Journal.
- Ex-President George W. Bush tells auto dealers he'd bail out automakers again
Detroit Free Press, February 7
Former President George W. Bush, who extended bridge loans to the auto industry as one of his administration's last acts, told auto dealers Monday he would do it all again.
- Toyota profit fell 13.5% in quarter ended Dec. 31
Detrout Free Press, February 7
Toyota’s quarterly profit slid 13.5% on production setbacks caused by last year’s tsunami disaster and the flooding in Thailand, but Japan’s top automaker raised its annual earnings forecast, saying a recovery is on track.
- 2013 Mazda CX-5 crossover prices set
Auto Week, February 7
The CX-5 carries a base price of $21,140, including the $795 destination fee. Alaska residents pay an additional $45 in destination fees.
- New-car leasing grows in better economy with improved access to credit
Tim W Jackson, Wordpress Blog
See more at http://timwjackson.wordpress.com
- Marchionne: Chrysler's hourly employees to get bonuses early
Detroit News, Autos Insider
See more at www.autosinsider.com
- Nissan Unveils Mildly Refreshed 370Z Ahead of Debut at Chicago Auto Show
The New York Times, Wheels
See more at http://wheels.blogs.nytimes.com
- Hyundai's biggest rival? It's Kia
USA Today, DriveOn
See more at http://content.usatoday.com/communities/driveon/index
- About the Industry Rebound
Los Angeles Times, Autos
See more at http://www.latimes.com/classified/automotive/highway1/
- Is Chrysler's Super Bowl Ad Pro-Obama?
See more at http://autos.aol.com/
- It's Too Easy Being Green
The Wall Street Journal CARS
See more at http://online.wsj.com/public/page/news-autos-automotive.html
- Electric car maker and U.S. loan recipient Fisker cuts jobs
See more at http://money.cnn.com/autos/
…more news articles are included at the end of this issue.
LABOR DEPARTMENT - UNEMPLOYMENT INSURANCE UPDATES
From UI Quarterly News, 4th Quarter 2011
The Colorado Department of Labor and Employment, Unemployment Insurance (UI) Program provided some key reminders and updates to employers in their latest newsletter. Typically, these changes are provided directly to employers in account statements and other communications. However, some highlights to bring to your attention are noted below:
- Due Dates – Change from Postmarked to Date Received. A change in regulation means that in order for reports and payments to be timely, ***they must be RECEIVED at the UI office on the date due***. A postmark by that date is no longer sufficient.
- 2012 Rates: The base rate for most employers remains the same. 2012 rates were provided on Unemployment Insurance Rate Notice forms mailed in November. Begin using the 2012 assigned rate with the first quarter 2012 reports due on April 30, 2012. Rates were mailed to each account; if you did not receive this notice, contact the UI office directly – they will need to provide to you directly as specific rates vary by account. 303.318.9100 (Denver-metro area) or 1.800.480.8299 (outside Denver-metro area).
- Independent Contractors: The first item highlighted covers ongoing focus on misclassification of employees as independent contractors. Misclassifying employees as contractors can result in UI back-premiums plus interest.
Employers can also seek advisory opinions if unsure—existing law requires the UI program to provide an opinion when one is requested. CLICK HERE for further information on that process.
Visit the following articles run in prior CADA e-newsletters on this topic:
Press Release: US Labor Dept., Colorado Dept, of Labor and Employment Partner on Misclassification of Employees as Independent Contractors
Employee vs. Independent Contractor?
NADA 60-Second Email, 10/21/2011
Employee or Independent Contractor?
Guest Article By Michael Charapp
Independent Contractors: Be Careful of Employee Misclassification
Guest article: How to Determine Whether a Worker is an Employee or an Independent Contractor, By Michelle R. Magruder, Esq. of Nemechek & Magruder, LLC
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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.
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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
INNOVATIVE DEALER SUMMIT
The Innovative Dealer Summit - the definitive management education forum for dealer principals and senior dealer managers, addresses the most pressing sales, profitability, technology, best practices, social media and other emerging issues in dealership operations - will take place on Wednesday, March 21, followed by the Denver Auto Show Charity Preview Party from 4pm to 8pm and Thursday, March 22.
The Innovative Dealer Summit is popular among dealer and industry meetings in that all participant and break-out sessions are conducted during 1-1/2 days and overlays the annual Denver Auto Show.
Have any PRESENTATION ideas?
CLICK HERE for an opportunity to submit the best and most compelling dealer education presentation(s) for consideration at the Innovative Dealer Summit.
Want to EXHIBIT at the Summit?
CLICK HERE for more information on participating as an exhibitor.
Interested in being a SPONSOR?
CLICK HERE for more information on sponsorship opportunities. CLICK HERE for a sponsorship 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 email@example.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 firstname.lastname@example.org. Also include your contact information for further follow-up.
- Oil drops below $97 as traders eye U.S. supplies
Detroit Free Press, February 7
Oil prices slipped below $97 a barrel today as traders worried that U.S. crude supplies will continue to rise because of weak demand.
- Honda speeds up major changes to the Civic
Auto Week, February 6
Honda will bring out a significant mid-cycle change to its embattled Civic compact this fall, just 18 months after it launched, a high-ranking executive told dealers here.
- Honda's credit outlook cut to negative by Moody's on competition
The Detroit News, February 6
Honda Motor Co. and its affiliates' credit rating outlook was cut to negative from stable by Moody's Investors Service on concern the automaker faces "significant challenges" in regaining its market share.
- Chrysler profit triggers first profit-sharing checks since 2005
MSNBC, February 2
Chrysler workers have a variety of reasons to be pleased about the maker’s improving fortunes. They’re not only seeing thousands of jobs added but receiving their first profit-sharing checks since 2005 as a result of the maker landing in the black for the first time since 1997.
- Chrysler to hire 1,800 for Illinois Dodge Dart plant
The Detroit News, February 3
Chrysler Group LLC Thursday formally announced plans to hire about 1,800 workers at its Belvidere Assembly Plant in Illinois to support production of the all-new 2013 Dodge Dart and other vehicles that will be built off the same platform.
- AAA Michigan: Gas prices up 11 cents in past week
Detroit Free Press, February 6
AAA Michigan says gasoline prices are up about 11 cents per gallon during the past week to a statewide average of $3.52.
- GM doesn't pull Super Bowl ad that tweaks Ford
The Detroit News, February 5
General Motors Co. stuck with a Chevrolet Super Bowl ad that implies a Ford truck owner dies along with much of the rest of humanity as a group of Silverado owners ride out the apocalypse, despite Ford Motor Co. calling for its rival to pull the ad.
- Auto dealers see sunshine after prolonged period of gloom
MSNBC, February 1
On Wednesday Chrysler reported its best January sales in four years, and General Motors is expected to report billions in earnings in mid-February.
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