November 20, 2012

TITLE SPONSOR OF THE
2012 CHARITY PREVIEW PARTY

IN THIS ISSUE

a SPECIAL ANNOUNCEMENTS

Stephanie Vance, Keynot Speaker for CADA Regional Meeting, Denver, 2012

 

a DEALER NEWS & INFORMATION

Auto Industry News at a Glance

 

REGULATORY & LEGAL UPDATES

Reminder of Lender Obligation To Deliver Title/ Lien Release Within Fifteen Days of Pay-Off

 

UPCOMING SEMINARS

KPA Weekly Webinar

Upcoming Seminars


CALENDAR OF EVENTS

CADA Regional Meeting Denver

NADA Convention & Expo 2013

Upcoming Events


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.


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 Marsha Temple at
marsha.temple@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 PROVIDER/PROGRAMS

CLICK HERE for information about the
Endorsed Programs
.

Contact Polly Penna at CADA to request more information on any of the programs below: polly.penna@coloradodealers.org

Choosing a CADA endorsed provider supports our work for the Colorado retail vehicle industry.
________

www.afadvantage.com

Supplemental Employee Benefits
________

www.americanexpress.com

a Corporate Card - Rewards Program
________

www.federatedinsurance.com

General Liability
________

www.incom-direct.com

Merchant Transaction Processing
________

http://www.kpaonline.com/

HR Management & Online Compliance

Environmental / Health & Safety Compliance
________

www.lbtelecom.net

Telecommunications
________

https://www.nadart.org/

Retirement plan management
________

www.business.officedepot.com  

Office Supplies
________

www.reyrey.com/solutions/document
_solutions

Document Solutions / Forms
________

www.siegeloil.com

Oil, Lubricants, Service Chemicals & Reconditioning Products
________

www.unifirst.com

Uniforms / Standard Workwear
________


www.pinnacol.com

Workers Compensation


 

 


If this e-newsletter does not display correctly,
CLICK HERE
to access the web-based version.



REGISTER ONLINE!

RSVP: Email: marsha.temple@coloradodealers.org
Phone: 303.282.1448 | Fax: 303.831.9100


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.


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.




REMINDER OF LENDER OBLIGATION TO DELIVER TITLE / LIEN RELEASE WITHIN FIFTEEN DAYS OF PAY-OFF

As a reminder, a Colorado statute passed with CADA effort in 2011 imposes an obligation on lenders to timely provide a title or lien release after pay-off.  The law requires lenders to provide the necessary lien release within 15 calendar days of pay-off, unless there are “extenuating circumstances” (which do not include ‘negligent’ acts by the lender, for example that the title was just ‘lost’).  [C.R.S. 42-6-125]   At present, the primary enforcement would be in court, but lender associations have agreed to help address problems in this area. 

Research group formed in Colorado to look at Electronic Lien & Titling (ELT).  The delivery of title in a timely manner continues to be a challenge for both dealers and lenders.  To begin to address this, a working-group has been formed in Colorado to take a serious look at Electronic Title & Lien (ELT) options and how to move this forward.  About twenty states currently provide for lenders to store  titles, provide lien release, and file a lien electronically.  While this effort is in the very early stages in Colorado, it would be helpful to CADA as part of this working group to obtain examples of problems dealers experience in obtaining titles.   If a lender is not meeting the 15-day requirement under this statute, report the issue to CADA:  tammi.mccoy@coloradodealers.org

It is certainly positive news that a working group has been formed to spearhead this effort, but all involved realize this could be a multi-year effort.  Many parties need to be involved so that recommendations made will be acceptable to dealers, lenders, the state, and the counties. Perhaps the largest, overarching issue is the funding for such a technology project.

* * * * * * * *

If you have questions on any legal or regulatory topic, please contact:

Tammi McCoy, VP, tammi.mccoy@coloradodealers.org, 303.282.1449

Tim Jackson, President, tim.jackson@coloradodealers.org, 303.282.1448

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

* * * * * * * *



KPA WEEKLY WEBINAR: 
Covers an Environment & Safety or an HR topic each week

Every Thursday
 
10:00-11:00am (MST)

CLICK HERE for upcoming topics and to register!

Previously recorded webinars are also available at the above link.

aa

* * * * * * * *

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

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

KPA Weekly Webinar

Covers an Environment & Safety or an HR topic each week


Every Thursday  

10:00-11:00am (MST)


CLICK HERE for upcoming topics and to register!

Previously recorded webinars are also available at the above link.

If you have a particular area of interest or would like to suggest a training seminar topic, please contact Marsha Temple at 303.457.5123 or marsha.temple@coloradodealers.org


a

aThe NADA Convention & Expo is the automotive industry event of the year and the world's largest international gathering place for franchised new-vehicle dealers. The convention offers dealers a rare chance to meet face-to-face with executives of major auto manufacturers and features hundreds of exhibitors showcasing the latest equipment, aservices and technologies and dozens of workshops with the industry's best trainers. The 2013 NADA Convention & Expo will take place Friday, Feb. 8 through Monday, Feb. 11, 2013 in the West Concourse of the Orange County Convention Center in Orlando, Florida.



Event Description
Date/Time
Location

CADA Regional Meeting

Denver

December 11, 2012, 11:00am

Registration desk open at 10:30am

 


 

CLICK HERE for registration and information!

History Colorado Center

1200 Broadway, Denver, CO 80203
Civic Center Cultural Complex Garage at 12th and Broadway, in the public parking garage directly north of the History Colorado Center (enter on Broadway), and metered spaces along Lincoln and 12th Avenue

 

NADA Convention & Expo 2013



Friday, Feb. 8th - Monday, Feb. 11th
2013

 

CLICK HERE for registration and information!




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.



ALL THE NEWS THAT'S FIT TO EMAIL!


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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