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December 16, 2014
Online Automotive Platform Sponsor
TITLE SPONSOR OF THE
2014 CHARITY PREVIEW PARTY
IN THIS ISSUE
 DEALER NEWS & INFORMATION
– Colorado Dealer Breakfast
– CADA Annual Meeting and 100 Year Anniversary Gala
– Webinar: Dangers Lurking for Dealers With Massive Recalls
– Auto Industry News at a Glance
– Automotive News Best Practices
– Clear The Air Foundation 60 Second Video
SPECIAL ANNOUNCEMENTS
– We Deliver Business
UPCOMING SEMINARS
– SAVE THE DATE! CADA Webinar on Recalls featuring Fairfield and Woods attorney Michael J. Dommermuth
– KPA WEBINAR - Last Chance: Understanding New OSHA Injury Reporting Regulations
– Upcoming Seminars
REGULATORY & LEGAL UPDATES
– FTC Takes Action Against Two Auto Dealer Chains for Repeated Advertising Violations
ALLIED MEMBERS / ANNUAL MEMBER GOLF EVENT SPONSORSHIP ADS
– Accelerated Services
– Heider, Tanner & Dirks, Inc., CPA
– 35 Years of Raising the Standard In F&I
ENDORSED PROVIDER
– UniFirst... The Nation's Preferred Auto Uniform Supplier
LEGISLATIVE UPDATE
– NADA Supports Bipartisan Effort to Reform CFPB Auto Lending Guidance
– CADA Bill Tracker
CALENDAR OF EVENTS
– Upcoming Events
DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS
– Let Us Know About Your Accomplishments!
THE AFTERFACT
–All the News That's Fit to Email!
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 CADA 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.
COLORADO DEALER BREAKFAST
CADA ANNUAL MEETING AND 100 YEAR ANNIVERSARY GALA
To view a slideshow of photos from the Annual Meeting and 100th Anniversary Gala Celebration click here!
WEBINAR: DANGERS LURKING FOR DEALERS WITH MASSIVE RECALLS
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.
- Longmont, Boulder car dealers having fantastic 2014
Times-Call Business, December 10
It's been a banner year for car dealers in Longmont and across Colorado, and that sales pace is showing no signs of slowing down.
- Volvo to skip most auto shows; focus will be on Detroit, Geneva, China
Automotive News, December 15
Volvo is shifting its focus from auto shows to market more directly to buyers as part of a broader realignment of its marketing efforts that will place more focus on digital outreach.
- How auto dealers gained our esteem
Automotive News, December 15
Auto dealers have a golden busiess opportunity -- to become their customers' favorite merchants.
- Car tech you can't miss at CES 2015
CNet, December 11
Whether its self-driving, integrated data in the dashboard or next-generation driver displays, CES 2015 will showcase the latest in automotive tech, plus what we can expect to see in the next decade.
- Chevy's next-gen cars will get Corvette styling cues, says Welburn
Automotive News, December 15
Subtle design elements of the Corvette -- from the hexagonal taillights to its taut hood -- will be recognizable in many of Chevrolet's upcoming cars, General Motors global design boss Ed Welburn says.
- Women in Auto Trades program encourages female mechanics
Cars Guide, December 15
Nine women have graduated from the Women in Auto Trades program at Sydney TAFE, Ultimo on Friday, taking the first step along the path to a career as an automotive mechanic.
- GM dealers take on more loaners
Automotive News, December 13
Dealers are seeing a huge expansion of General Motors' Courtesy Transportation Program, a bid to create better loyalty via the service lane and by getting more people to try vehicles.
- Colorado organization hosting social media contest to combat auto theft
Fox 21 News, December 12
Coloradans Against Auto Theft has launched a social media contest to raise awareness about the dangers of leaving running cars unattended.
- FTC launches second crackdown on auto dealer advertising
Automotive News, December 12
The Federal Trade Commission today charged two auto dealership groups with violating earlier orders from the FTC to avoid misleading advertising regarding payments and financing, such as improper use of fine print and failure to adequately disclose significant costs.
- Why Honda is touting its new 'Green Dealer' guide
Automotive News, December 11
Honda is releasing its internal “Green Dealer” guide today to help automakers and other franchised businesses reduce their carbon footprints.
- Jeep Leads in US Auto Market Sales Gains
The News Wheel, December 10
It’s official: Jeep is king of 2014.
- LA Show offered fuel cells, power-packed vehicles & even a video game car
Tim W Jackson, Wordpress Blog
See more at http://timwjackson.wordpress.com
- GM ordered 500,000 ignition switches before recall
Detroit News, Autos Insider
See more at www.autosinsider.com
- Full-Scale Benz in Scaled-Down Package
The New York Times, Wheels
See more at http://wheels.blogs.nytimes.com
- Just Cool Cars: Dune buggy began with '64 Meyers Manx
USA Today, DriveOn
See more at http://content.usatoday.com/communities/driveon/index
- Ducati rolls out smaller, cheaper Scrambler, geared to wider audience
Los Angeles Times, Autos
See more at http://www.latimes.com/classified/automotive/highway1/
- Consumer Reports Most-Loved Cars Of 2014
AOL Autos
See more at http://autos.aol.com/
- Toyota Aims to Bring Crash-Prevention Technology to Mainstream
The Wall Street Journal CARS
See more at http://online.wsj.com/public/page/news-autos-automotive.html
- Ferrari 458 Speciale - Raw speed
CNN Money
See more at http://money.cnn.com/autos/
…more news articles are included at the end of this issue.
CLEAR THE AIR FOUNDATION 60 SECOND VIDEO
FTC TAKES ACTION AGAINST TWO AUTO DEALER CHAINS FOR REPEATED ADVERTISING VIOLATIONS
NADA 60-Second Email, Dec. 12, 2014
The Federal Trade Commission (FTC) announced today (December 12) that it is taking action against two auto dealer chains for deceptively advertising the cost of buying or leasing a car. These actions follow consent orders the FTC entered into with the same dealer chains in 2012 to resolve allegations that they engaged in deceptive advertising related to negative equity and failed to satisfy the disclosure requirements that apply to credit and/or lease ads containing “trigger terms.” Because the dealer chains agreed in those orders “not to misrepresent any material fact regarding the cost and terms of financing or leasing any newly purchased vehicle,” the FTC is now seeking civil penalties in addition to other forms of relief such as the imposition of extensive compliance monitoring, compliance reporting, and recordkeeping requirements.
According to the FTC’s press release, one of the dealer chains has agreed to settle the charges and, as part of the agreement, pay a civil penalty in the amount of $360,000. The other dealer chain has not entered into a consent agreement, and the Department of Justice has sought remedies in that case by filing a complaint in federal district court.
With regard to the dealer chain that settled the charges, the FTC states: “the dealerships and advertising company violated the 2012 FTC administrative order by frequently focusing on only a few attractive terms in their ads while hiding others in fine print, through distracting visuals, or with rapid-fire audio delivery. For example, some dealership ads promoted low monthly payments or attractive annual percentage rates and finance periods, while concealing other material items, such as low payments were for leases, not sales; major limits existed on who could qualify for discounts; and offers often included significant added costs.” With regard to the other dealer chain, the FTC states, in part, that it “allegedly misrepresented the costs of financing or leasing a vehicle by concealing important terms of the offer, such as a requirement to make a substantial down payment… [and] failing to make credit disclosures clearly and conspicuously, as required by the TILA.”
These cases represent the fourth set of advertising enforcement actions brought by the FTC against auto dealers since 2012.
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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
Thursday December 18, 2014, 10:00 am Mountain Time
10-11am (MST)
Last Chance: Understanding New OSHA Injury Reporting Regulations
Tips to staying compliant with new OSHA 300 Log and injury reporting requirements.
In the past, new and used car dealerships have been exempt from completing and posting the OSHA 300 Log. However, effective January 1, 2015, a new rule will require that all dealers maintain an OSHA 300 log. Reporting requirements for serious injuries at all workplaces have also changed. Join Amanda Rawls, KPA Risk Management Consultant, and Kathryn Carlson, KPA Vice President of Human Resource Product, as they teach you how to how to keep your OSHA 300 log up-to-date, review the new requirements for injury reporting, and discuss how to train your staff on these changes.
Click here for upcoming Human Resources webinars.
Click here for upcoming EH&S webinars.
Previously recorded webinars are also available
 
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| Event Description |
Date/Time |
Location |
CADA Webinar on Recalls featuring Fairfield and Woods attorney Michael J. Dommermuth
|
Tues., Dec. 30
2:00-3:00pm
|
CLICK HERE for more info.! |
KPA Weekly Webinar
Special Event: HR Practices Webinar for Group Dealerships
|
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
ACCELERATED SERVICES
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HEIDER, TANNER & DIRKS, INC. CPA
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35 YEARS OF RAISING THE STANDARD IN F&I
UNIFIRST... THE NATION'S PREFERRED AUTO UNIFORM SUPPLIER
NADA SUPPORTS BIPARTISAN EFFORT TO REFORM CFPB AUTO LENDING GUIDANCE
NADA is urging Congress to pass HR 5403, a bipartisan bill that nullifies the Consumer Financial Protection Bureau's (CFPB) flawed guidance on auto lending and requires more transparency and accountability from the agency on future guidance.
The new bill, "Reforming CFPB Indirect Auto Financing Guidance Act," would allow the agency to reissue its guidance under a more transparent process.
As previously reported by NADA, in March 2013, the CFPB issued guidance that threatens to eliminate the flexibility of new-car dealerships to discount the interest rate offered to consumers to finance vehicle purchases. The CFPB claims that negotiated interest rates between dealers and their customers create a significant risk of unintentional "disparate impact" discrimination. However, there are a variety of legitimate business-related factors that can affect finance rates, such as beating a competing rate.
"HR 5403 is needed because it requires the CFPB to follow a transparent process when issuing auto finance guidance," said NADA Chairman Forrest McConnell. "The bill would rescind the 2013 auto finance guidance and require public participation for future guidance before it is issued."
NADA urges dealers to contact their House members today to co-sponsor HR 5403.
Find your House representative
View NADA brief on HR 5403
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CADA BILL TRACKER
Follow the Colorado Auto Dealers Bill Tracker HERE!
| Event Description |
Date/Time |
Location |
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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!
- Woman engineer will become director of Ram
The Dallas Morning News, December 10
Ram might be the most masculine pickup on the market, run presumably by big Midwestern guys in boots who like to hunt and bounce around off-road.
- Car Lover Christmas Gift Idea: Automotive Apps
Top Speed, December 10
Fifteen years ago, if you were left unsatisfied by the information relayed by your vehicle’s stock readouts, you’d need to delve into the aftermarket, purchase a cluster or two, buy an individual gauge for each parameter you were interested in monitoring, tear out the dash, break out the wire splitters, and sweat over wayward electrons.
- Faster is better in F&I, Power survey shows
Automotive News, December 10
The latest J.D. Power Sales Satisfaction Index Study underscores how important it is to get customers in and out of the F&I office as quickly as possible.
- BMW brand outsells Audi and Mercedes globally but lead narrows
Automotive News, December 10
BMW brand reported its highest-ever November sales, beating Audi and Mercedes-Benz brand, but the two rivals remain on course to narrow BMW's 2014 lead in the global luxury car market.
- Chevy Colorado beats F-150 for Truck of the Year
CNN Money, December 3
You might have figured Ford's new all-aluminum F-150 would be a shoo-in for Motor Trend's 2015 Truck of the Year award, but you'd be wrong. General Motors had its own all-new truck in the running and that vehicle, the mid-sized Chevrolet Colorado, took the prize.
- Ford, GM, Chrysler cash in on posh pickups
USA Today, December 15
With luxury vehicles proving to be the hot, profitable part of the auto market, it would seem German or Japanese brands would be taking the lion's shares of sales. But actually, Detroit is cashing in -- and not necessarily because of brands like Lincoln and Cadillac.
- Fiat Chrysler prices share offering at $11 each
Reutuers, December 11
Fiat Chrysler Automobiles NV said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan.
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