 |
|
TITLE SPONSOR OF THE IN THIS ISSUE
– 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
– SAVE THE DATE! CADA Webinar on Recalls featuring Fairfield and Woods attorney Michael J. Dommermuth – KPA WEBINAR - NO WEBINAR, HAPPY HOLIDAYS!
– Heider, Tanner & Dirks, Inc., CPA – 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
– Let Us Know About Your Accomplishments!
–All the News That's Fit to Email! CLICK HERE for an Index of Regulatory CLICK HERE for Bulletin archives.
CLICK HERE for a list of current CLICK HERE for a list of current CLICK HERE for an order form for CLICK HERE for information on all member services. CLICK HERE for NADA Affairs information. CLICK HERE for the Title and CLICK HERE for the Colorado
CLICK HERE for a CADA staff listing If you have questions CLICK HERE or scroll to the bottom Need Acrobat Reader CLICK HERE for information about the 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.federatedinsurance.com
www.incom-direct.com
www.lbtelecom.net
https://www.nadart.org/
www.business.officedepot.com
www.unifirst.com
www.wfis.wellsfargo.com
|
WEBINAR: DANGERS LURKING FOR DEALERS WITH MASSIVE RECALLS COLORADO DEALER BREAKFAST
Listed here are several articles pertaining to the auto industry in general that appeared recently in newspapers and other media outlets across the nation.
CLEAR THE AIR FOUNDATION 60 SECOND VIDEO
On January 2, 2015, several changes to the emission inspection program for gasoline-powered vehicles go into effect. Click here to review the prior article.
For implementation of this change, the registration date is the key. After Jan. 2, 2015, the programming in the computer system at counties will have been set to not require tests in the first seven model years. County personnel rely on what the computer system indicates regarding whether an emissions test is required or not. At this point, vehicles that are not currently exempt, but will become exempt on January 2, 2015*, dealers can stop providing the voucher or test and advise anyone who might have paperwork to be able to go the DMV before Jan. 2nd (i.e., a cash customer with time over the holidays) that if they go after that, an emissions test will not be required.
Additionally dealers are only required to affix an emission exempt sticker to new vehicles. A used vehicle that is still within the emission exempt period does not need a sticker (for example, a vehicle comes in from out of state, a windshield is replaced, or for whatever reason the used vehicle that is still exempt does not have a sticker). C.R.S. 42-4-310 (1)(b)(II). * * * * * * * * 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: Thursday December 25, 2014, 10:00 am Mountain Time NO WEBINAR: HAPPY HOLIDAYS!
|
DEALER NEWS & INFORMATION
Supplemental Employee Benefits
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 
A key change is that the emission exemption for new vehicles will increase from four (4) to seven (7) model years.
 TO REGISTER ONLINE FOR ANY CADASEMINAR OR EVENT, PLEASE VISIT: www.coloradodealers.org/registration |
| 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 |
10:00-11:00am (MST)
|
CLICK HERE for upcoming topics and to register! |
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
* * * * * * * *
HEIDER, TANNER & DIRKS, INC. CPA
* * * * * * * *
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
* * * * * * * *
CADA BILL TRACKER
Follow the Colorado Auto Dealers Bill Tracker HERE!
| Event Description |
Date/Time |
Location |
|---|---|---|
Stay tuned! |
|
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!
- When recalls go to court, NHTSA tends to win
Automotive News, December 22
If history is any guide, fighting the National Highway Traffic Safety Administration over recalls in court is a losing battle.
- GM hustles to make the Malibu competitive
Automotive News, December 22
Car executives typically don't talk about future models more than a year before they hit showrooms for fear of dampening enthusiasm for the current one. But in the case of the Chevrolet Malibu, there's not much enthusiasm to dampen. - Next AIADA chair to speak out on CFPB crackdown
Automotive News, December 22
Bradley Hoffman, incoming chairman of the American International Automobile Dealers Association, says he plans to speak out about the Consumer Financial Protection Bureau's controversial positions on automotive lending. - Upbeat auto industry looks to 2015
Warc, December 22
Following a number of difficult years, carmakers in the US are upbeat about their prospects for 2015 as the economy continues to improve and falling petrol prices mean consumers have more disposable income. - 2014 CAR review: Top 5 tech trends of the year
Car Magazine, December 22
Apple vs Android
If you want to be added to our mailing list, please CLICK HERE.
To remove yourself from this list, click on this link.