May 20, 2014



Online Automotive Platform Sponsor

TITLE SPONSOR OF THE
2014 CHARITY PREVIEW PARTY

IN THIS ISSUE

SPECIAL ANNOUNCEMENTS

TOMORROW! Advertising / Telemarketing Compliance Seminar - Grand Junction

Participation in 2014 Dealership Workforce Study Open Through April 30th

 

a DEALER NEWS & INFORMATION

Automotive News Best Practices

Auto Industry News at a Glance

 

LEGISLATIVE UPDATES

CADA Bill Tracker

 

REGULATORY & LEGAL UPDATES

Manufacturer’s Working Capital Requirements and How They Affect Your Business

 

LEGISLATIVE UPDATE

CADA Bill Tracker

 

UPCOMING SEMINARS

Back and Materials Handling

TOMORROW! Advertising / Telemarketing Compliance Seminar - Grand Junction

KPA Weekly Webinar: The Family Medical Leave Act (FMLA)

Upcoming Seminars


CALENDAR OF EVENTS

CADA Annual Memeber Golf Event

CADA Annual Memeber Golf Event Sponsorship Opportunities

Upcoming Events


DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

Let Us Know About Your Accomplishments!

 

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

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.
________

American Fidelity Assurance Company
www.afadvantage.com

Supplemental Employee Benefits
________

www.americanexpress.com

a Corporate Card - Rewards Program
________



www.bradfordpublishing.com

Dealer Retail Installment Sales Contract (“Rocky Mountain Bank Note”)
________

www.federatedinsurance.com

a 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.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.


aCADA Open Road is now beginning its eighth year of service, providing uninterrupted weekly news and information for Colorado automotive professionals to better compete in our industry, since its first issue on
Jan. 3, 2007.


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ADVERTISING/TELEMARKETING COMPLIANCE SEMINAR - GRAND JUNCTION

TOMORROW, WEDNESDAY, MAY 21st!

FTCThe FTC has indicated that deceptive dealer ads are a “significant problem” and this is a “priority area.” 

The FTC has taken numerous high profile enforcement actions recently.  “Operation Steer Clear” announced January, 2014 is the latest — a nationwide sweep will continue to target dealers throughout the country. 


Grand Junction

Wednesday, May 21
Noon -2:30pm
Lunch included

This session will provide a review of the latest, high-profile enforcement actions by the FTC, review long-standing FTC directives that are often overlooked, and highlight areas that state regulators have stated are key problems.  Dealers can expect increased enforcement at all levels in the advertising and telemarketing arenas. Other key topics / highlights include:

  • Review of the latest FTC guide “.com Disclosures:  How to Make Effective Disclosures in Digital Advertising,” updated March, 2013
  • Recent FTC enforcement actions (March, 2012 / December 2012 / September 2013 / January 2014) – including ‘drip pricing’ warnings and implications for dealers
  • Important changes to the Telephone Consumer Protection Act (TCPA) – significant changes to prior consent requirements when calling or texting cell phones—even informational messages.

Michael J. Dommermuth, Fairfield and Woods, P.C., is an attorney specializing in the representation of motor vehicle dealers.  Michael has 27 years of experience representing dealers throughout Colorado.  He also co-authored the CADA Colorado Dealer Compliance Guide in 2011, is a frequent speaker for the Colorado Automobile Dealers Association, and serves on the board of the National Association of Dealers Counsel.  

CLICK HERE for registration form!

* * * * * * * *

PARTICIPATION IN 2014 DEALERSHIP WORKFORCE STUDY
OPEN THROUGH APRIL 30TH

Deadline Extended to June 30, 2014!

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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.



CADA BILL TRACKER

Follow the Colorado Auto Dealers Bill Tracker HERE!


MANUFACTURER'S WORKING CAPITAL REQUIREMENTS AND HOW THEY AFFECT YOUR BUSINESS
By Robert C. Davis, CPA, Dixon Hughes Goodman LLP

One challenge dealers may face on an annual basis is navigating the working capital requirements of automotive manufacturers – particularly for dealers that have multiple franchise lines. For many years, dealers have been required to maintain healthy Net Working Capital (NWC) in each of their stores – the NWC Standard is a computation that is periodically modified and adjusted by each manufacturer, and one that can become tricky when various manufacturer requirements accumulate due to multiple franchises in one particular entity.

Let’s Talk: Working Capital
The amount of working capital that manufacturers require of dealers, the NWC Standard, is a critical component of any franchise agreement. As a brief review, working capital is the financial metric that represents a business’ available operating liquidity. In accounting terms it is the difference between current assets and current liabilities. Typically, manufacturers consider elements such as expenses, customer receivables, used cars and trucks, parts, factory receivables and warranty claims when computing their NWC Standard

. . .

Let’s Talk: NWC Challenges
NWC Standards and computations pose challenges to dealers, particularly because they often represent inconsistency. As every manufacturer derives its own Standard and computations, there is no consistent calculation for the industry. Furthermore, not only does each manufacturer compute its own Standard and calculations, but the manufacturer has the ability to change each as they see fit.  . . .

CLICK HERE to read the full article. 

Article reprint from DEFENDER, April, 2014, a publication of the National Association of Dealer Counsel (NADC).   NADC is a nationwide professional organization of attorneys who represent automobile and other vehicle dealers. For more information please visit www.dealercounsel.com.

* * * * * * * *

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.


BACK AND MATERIALS HANDLING

Strains due to lifting are one of the most frequent causes of injury for Pinnacol policyholders. Sixty percent of these claims involve the lower back and shoulder. Traditional approaches to controlling back injuries, such as proper lifting training and stretching programs, have not been successful
in reducing injuries. In this class, participants will learn the most effective strategies for reducing the frequency and severity of back injury claims. This class is designed for policyholders in “fixed industrial settings” such as manufacturing, warehousing and food processing.

Topics include:

  • The most high-risk job tasks for back and shoulder injuries

  • Ergonomic design principles for manual material handling
  • An evaluation of the seven common lifting techniques

  • An assessment tool to evaluate the recommended weight limits for lifting tasks


    Pinnacol Assurance
    7501 E. Lowry Blvd. Denver, CO 80230

    Wednesday, Dec. 10
    9–11 a.m.
Registration deadline is Dec. 5.

    This course is free for Pinnacol policyholders.
To register, visit www.pinnacol.com/employer/training.

* * * * * * * *

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

Thursday, May 22
10-11am (MST)

Body Shop Talk

How compliant is your collision center?
Collision centers can be a great addition of service to a dealership, but they also come with many regulations that must be followed for environmental and employee health protection. In this webinar join KPA Senior Risk Management Consultant Zach Pucillo as he discusses:

  • New isocyanate emphasis program
  • 6H employee training recertification
  • Respiratory standards
  • Collision center waste compliance

CLICK HERE for upcoming topics and to register!

Previously recorded webinars are also available at the above link.

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* * * * * * * *

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

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

Advertising/ Telemarketing Compliance

Grand Junction
Wednesday, May 21
Noon -2:30pm
Lunch included

CLICK HERE for registration form you can return by fax or email.

CLICK HERE for Grand Junction – online registration

Back and Materials Handling

Pinnacol Assurance
7501 E. Lowry Blvd. Denver, CO 80230

Wednesday, Dec. 10
9–11 a.m.
Registration deadline is Dec. 5.


This course is free for Pinnacol policyholders.


To register, CLICK HERE

KPA Weekly Webinar

Special Event: HR Practices Webinar for Group Dealerships


Thursday, May 22

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



Event Description
Date/Time
Location

CADA Annual Member Golf Event
(NOTE: Two months earlier than last year!)

Monday, July 21, 2014

Registration and Lunch at Noon
Shotgun starts at 1 pm (scramble format)

Cherry Creek Country Club (award- winning Nicklaus Signature Golf Course)
2405 S Yosemite Street
Denver, CO 80231

SAVE THE DATE! Additional information to follow soon.

CADA ANNUAL MEMBER GOLF EVENT SPONSORSHIP OPPORTUNITIES


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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!

  • NHTSA: GM's word choices hampered problem-solving
    The Detroit News, May 16

    General Motors Co.’s decision in 2008 to instruct employees not to use words such as “defect,” “dangerous” or even “always” in describing problems contributed to a culture that discouraged honest and open communication on safety issues, federal investigators said Friday.
  • GM board retains law firm to assess business practices
    The Detroit News, May 14

    General Motors Co.’s board of directors has retained an outside law firm to provide it with an “independent assessment” of some of the Detroit automaker’s business procedures.
  • World Car of the Year: Audi A3
    The Detroit News, April 17
    A group of international auto journalists named the Audi A3 as the World Car of the Year as German automakers swept all five awards.
  • Average Transaction Price a Stretch for Many Consumers
    Wards Auto, May 14
    U.S. median-income car buyers can reasonably afford only about half the current $30,339 average transaction price for a new vehicle, according to Requisite Press, a financial-data tracker.
  • Regulators Enjoy Dealer Hunting, Attorney Says
    Wards Auto, May 15
    Some government regulators enjoy hunting for dealers, which is why dealers shouldn’t give them ammunition.
  • Small, single-point stores have some big advantages
    Automotive News May 19
    Our report on the rapid pace of dealership consolidation in last week's issue noted that large private and public groups, as well as auto industry newcomers, are sitting on mounds of cash and are eager to acquire stores.

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