December 11, 2012

TITLE SPONSOR OF THE
2012 CHARITY PREVIEW PARTY

IN THIS ISSUE

a SPECIAL ANNOUNCEMENTS

Colorado Automobile Dealers Assn. Commits $1 Million To Clear the Air Foundation

Join Us For a Reception With Mayor Michael B. Hancock

 

a DEALER NEWS & INFORMATION

Auto Industry News at a Glance

 

REGULATORY & LEGAL UPDATES

2013 Fuel Economy Guide Now Available

Reminder of GAP Requirements: Separate Consumer Disclosure Required

 

UPCOMING SEMINARS

KPA Weekly Webinar

Upcoming Seminars


CALENDAR OF EVENTS

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.

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CADA STAFF

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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
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added or removed from our list.


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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.



COLORADO AUTOMOBILE DEALERS ASSN. COMMITS $1 MILLION TO CLEAR THE AIR FOUNDATION
Nonprofit also Marks Donation of 500th High-emitter to be Recycled to Reduce Pollution

Colorado’s new car and truck dealers today accelerated their commitment to the Clear the Air Foundation, pledging $1 million to help the nonprofit they founded provide scholarships for aspiring auto technicians and others entering automotive fields.

The donation was announced by Colorado Automobile Dealers Association Chair Don Hicks at the group’s regional meeting at the History Colorado Center.  Attendees also heard that the Clear the Air Foundation this week passed an important milestone – receiving its 500th donation of a high-emitting vehicle.

The foundation has a dual purpose: to remove old, high-polluting vehicles from the road and to fund auto industry scholarships here in Colorado.

The aging vehicles are sold to Colorado auto recyclers who dismantle and shred them, with proceeds helping to underwrite scholarships.  The $1 million contribution will create an endowment that will provide a significant boost to those scholarships.

“As we all know, Colorado’s economic success is dependent on a trained workforce,” Hicks said. “The $1 million cash infusion to the Clear the Air Foundation will allow us to offer a significantly higher number of scholarships much sooner than we otherwise could. It will create an endowment and we can spend the annual earnings from that to support scholarships without dipping into the principal. In other words, it will be a gift that keeps on giving.”

The vast majority of the aging vehicles, which disproportionately contribute to the region’s air quality problems, are donated to the foundation by Colorado auto dealers who received them as trade-ins.

“When we remove an old, high-emitting vehicle from the road, we help cut the pollution that dirties the air we breathe and clouds our mountain views,” said Lee Payne, chair of the Clear the Air Foundation.

Colorado residents also can participate in taking these cars off the road by donating their aging vehicles. They can learn more by visiting ClearTheAirFoundation.org or calling 303-880-5139.

The Clear the Air Foundation received its official designation as a 501(c)(3) nonprofit organization in 2010 and became operational last year.  Taxpayers who donate vehicles to the Clear the Air Foundation can receive the same tax benefits they would receive from any other car donation program, yet this is the only one to guarantee the car is recycled and will never pollute again.

* * * * * * * *

JOIN US FOR A RECEPTION WITH MAYOR MICHAEL B. HANCOCK

RSVP!


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.




2013 FUEL ECONOMY GUIDE NOW AVAILABLE
By law, dealers must provide the guide upon request

NADA 60-second Email, 12/7/2012

The U.S. Department of Energy and the Environmental Protection Agency have just released the 2013 Fuel Economy Guide. The guide provides detailed fuel economy numbers for MY 2013 light-duty vehicles, along with estimated annual fuel costs and other information for prospective purchasers. Dealers must display a copy of the Guide and provide copies to customers upon request.

You can order hard copies of the guide here; by calling DOE’s Information Center at 800.254.6735 between 9 a.m. and 7 p.m. EDT; or by using the attached form to order copies by mail. If ordered, hard copies will be mailed, free of charge, this month.

Click here for an EPA/DOE letter
detailing how to make the Guide available to customers.

* * * * * * * *

REMINDER OF GAP REQUIREMENTS: SEPARATE CONSUMER DISCLOSURE REQUIRED
Colorado Attorney General’s office continues to audit dealers for compliance

The Attorney General’s office continues to actively audit dealers for compliance with the Colorado Uniform Consumer Credit Code (“UCCC”).   

A key focus is that the required ‘separate written cancellation form’ is being provided to consumers – with a copy retained in deal jacket files for proof that it was provided.  This separate written cancellation form must be provided on all GAP purchases.  While some lenders may more actively monitor dealer compliance and also require proof, not all do this.  Further, note that it must be a ‘separate’ form.  Dealers should not assume that every GAP company is providing sufficient training and oversight of this notice form that is required in Colorado.

Rule 8 of the UCCC covers GAP and provides the following:

(c) At the time the consumer provides affirmative written authorization to purchase GAP, the creditor shall provide the consumer with a separate written cancellation form. The form shall:

  1. include the name and mailing address to be used to cancel GAP;
  2. state clearly and conspicuously that the consumer has an unconditional right to cancel GAP for a full refund within thirty (30) days after it was purchased; and,
  3. state that in order to cancel GAP, the consumer must complete and return the form or send any other written notice of cancellation to the address provided postmarked no later than thirty (30) days after GAP was purchased

The maximum fines and penalties can be significant—including the refund of all GAP premiums.    

CLICK HERE for a prior article on this topic, Uniform Consumer Credit Code (UCCC): Dealer Audited – Notice Regarding GAP Disclosures (Open Road, July 10, 2012).

* * * * * * * *

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

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.



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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