June 30, 2015

TITLE SPONSOR OF THE
2015 CHARITY PREVIEW PARTY

IN THIS ISSUE

SPECIAL ANNOUNCEMENTS

Last Day to Participate in 2015 Dealership Workforce Study!

CADA Annual Member Golf Event

CADA F&I Resource Center

Check out CADA's Blogs

 

UPCOMING SEMINARS & EVENTS

KPA WEBINAR: Is Your Workforce Legal?

CADA Annual Member Golf Event

All Seminars & Events

 

a DEALER NEWS & INFORMATION

Did you miss CADA¹s December 30 Webinar On Recalls Featuring Auto Industry Attorney Michael Dommermuth? Purchase it On Demand!

Automotive News Best Practices

Clear The Air Foundation 60 Second Video

Auto Industry News at a Glance

 

REGULATORY & LEGAL UPDATES

Erroneous Vehicle History Reports—An Update

July 1st Sales Tax Rate Changes

 

ENDORSED PROVIDER

Federated Insurance: Auto Dealer Claim of the Month

UniFirst... The Nation's Preferred Auto Uniform Supplier

 

ALLIED MEMBERS / ANNUAL MEMBER GOLF EVENT SPONSORSHIP ADS

35 Years of Raising the Standard In F&I


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.dealertrack.com

Dealertrack Technologies
 
- Dealer Management System (DMS)

________

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.wfis.wellsfargo.com

Workers compensation insurance services

 


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


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.


 

LAST DAY TO PARTICIPATE IN 2015 DEALERSHIP WORKFORCE STUDY!

NADA’s fourth annual Dealership Workforce Study (DWS) is open for participation at www.nadaworkforcestudy.com. Designed to help dealers address the challenge of attracting and keeping the best employees, the DWS collects data on compensation, employee benefits, retention and turnover, and work schedules and hours of operation, and reports on these as well as on demographic issues such as the gender and generational gaps in the dealership workforce.  Participation, which involves completing a survey and uploading payroll data, is free and open only to NADA and ATD members.

Participants to-date:

DEALERSHIP STORES
Alpine Buick GMC 1
Berthod Motors Inc 1
Boulder Hyundai 1
Dellenbach Motors 1
Emich Chevrolet 1
Emich Volkswagen 1
Faricy Ford Lincoln Inc 1
Glenwood Springs Ford 1
Glenwood Springs Subaru 1
Hellman Motor Co 1
Hudson Auto Source Inc 1
Jim Fuoco Motor Co 1
Markley Motors Inc 1
McCandless Truck Center LLC 3
Medved Chevrolet Cadillac 4
Montrose Ford Nissan 1
Mountain Chevrolet 1
Planet Honda 2
Stapp Interstate Toyota Scion 1
Summit Ford 1
Suss Buick GMC Truck 1
The Faricy Boys Chrysler Jeep 1
Weld County Garage 1
TOTAL 29
A blue fill means:  completed the survey, but not the payroll upload.  
A green fill means:  completed everything—survey and payroll.  
A blank fill means:  enrolled only (and done nothing else).

Participants receive two complimentary reports—a customized report comparing their own dealership's data against aggregated data from peers in their region and the nation, and an overall analysis of the industry and data for each region of the U.S.

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CADA ANNUAL MEMBER GOLF EVENT

REGISTER ONLINE!

Whether you enjoy playing a full 18 or you’d rather beeline it straight to the 19th hole. Whether you’re a scratch player or you’re so bad you’ve had your ball retriever re-gripped. No matter where your game is these days, you’re guaranteed to enjoy the beauty and challenge of a mountain course as you tee off at a J. Press Maxwell Golf Course while networking with your colleagues, clients, prospects and peers. 

Nestled in the picturesque foothills of Golden, CO, The Club at Rolling Hills is sure to please golfers of every skill level.

Monday July 27, 2015
The Club at Rolling Hills
15707 W. 26th Avenue
Golden, CO  80401

Contact Marsha Ferm at 303.888.9100 or marsha@marshaferm.com for sponsorship opportunities.

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CADA F&I RESOURCE CENTER

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CHECK OUT CADA'S BLOGS

The 101” is CADA’s latest blog, featuring the Chair’s Column, written by 2015 CADA Chair Thom Buckley, which is printed in the Bulletin, CADA’S monthly print publication.

CADA also recently unveiled a new events and updates blog, which you can follow by clicking here.


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CLEAR THE AIR FOUNDATION 60 SECOND VIDEO


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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.




By Kieran A. Lasater, Esq,Fairfield and Woods, P.C.
The National Association of Dealer Counsel—The Defender, June 2015

Two years ago, the National Association of Dealer Counsel’s Defender published an article discussing some of the problems associated with erroneous vehicle history reports (“VHRs”).  The article concentrated primarily on Carfax due to the large segment of the industry that it occupies, and, in particular, the “Total Loss” designation Carfax assigned to vehicles with only minor damage.

Since that time, I have been contacted numerous times to provide assistance with false VHRs and in correcting the reports, as well as to provide information as to available remedies they might have for the lost value they suffered in a sale or trade-in. Based on the volume of inquiries, I prepared this update.  

Sample of Dealer and Individual Experiences


The following are summaries of some of the experiences of dealers and consumers who contacted me:

  • An attorney contacted me on behalf of an estate client.  The assets of the estate included a 2010 Mercedes Benz E550, and the Carfax VHR indicated severe damage from an incident that was, in fact, rather minor.  Efforts to have Carfax correct the report proved futile.

  • Another attorney shared his experience with a client with a 2005 Mercedes Benz G55 AMG, which, when purchased, had a clear Carfax VHR. However, when the client attempted to trade in the vehicle, the VHR showed a “Total Loss”.  After numerous communications with Carfax on behalf of his client, the attorney was able to secure a corrected VHR.

  • A used car dealer specializing in Jeep Wrangler fix-and-flips, purchased a 2006 Jeep Wrangler Rubicon at auction with light body damage and a clear title.  After repairing the Jeep, he was forced to sell it for half of its value due to a “Total Loss” designation on the Carfax VHR, which he was unsuccessful in getting removed. 

  • Another was experiencing financial difficulty and attempted to refinance a loan on his Land Rover LR3. The loan was denied due to a negative and erroneous Carfax VHR.  Carfax refused to disclose the insurance company from whom it received the negative information.  The client then filed a complaint with his state’s department of insurance, but received no help because the insurance company indicated the report error was on Carfax’s end.  After additional attempts to secure a corrected report from Carfax failed, the client eventually had to sell a beloved 1956 Ford Thunderbird in order to stabilize his financial situation. The day after selling the T-Bird, Carfax corrected the report.

The foregoing are some of the real-world effects of a false VHR. Some of the individuals affected were unable to secure any resolution from Carfax.  Others were able to secure corrected VHRs but only after much time, effort, and aggravation.  Yet others were directly damaged by a loss in value of their vehicle in a transaction. 

. . . <continued>

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JULY 1ST SALES TAX RATE CHANGES

The state Department of Revenue – Division of Taxation posts sales and use tax changes prior to January 1st and July 1st each year.  Dealerships should be aware of these changes and be on the lookout to ensure the tax database being utilized reflects these changes.  There may be a time-lag between the effective date and the update of these data sources.  

CLICK HERE for a listing of July 1, 2015 Sales Tax Rate Changes on the state web site.

CLICK HERE for a downloadable PDF summarizing the changes. 

* * * * * * * *

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 July 9, 2015, 10:00 am Mountain Time
10-11am (MST)

Is Your Workforce Legal?

How to Use E-Verify to Maintain a Legal Workforce

Every business is required to hire and maintain a legal workforce, but finding out true employee eligibility can be difficult. E-Verify, the free web-based service from the Department of Homeland Security (DHS) and Social Security Administration (SSA), makes it easy for dealerships to quickly confirm the employment eligibility of new hires; employers are now using E-Verify at more than one million worksites across the nation.

Join Mark Nolley, Management and Program Analyst in the Outreach Branch, U.S. Citizenship and Immigration Services, as he discusses the basics of Federal Employment Eligibility Verification including proper completion of the Form I-9 along with the benefits of E-Verify enrollment and usage.

This live webinar will provide you with step by step instructions on how to complete the I-9 form and how to retain and store completed forms.

Click here for upcoming Human Resources webinars.

Click here for upcoming EH&S webinars.


Previously recorded webinars are also available

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

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

CADA Annual Member Golf Event

July 27th, 2015

12 pm (noon) - Registration, practice range and boxed lunch

1 pm - Shotgun start, scramble format
After play - Awards Reception


The Club at Rolling Hills

15707 W. 26th Avenue, Golden, CO  80401

CLICK HERE to Register Online!

 

Did you miss CADA¹s December 30 webinar on recalls featuring auto industry attorney Michael Dommermuth?

Purchase it On Demand!


Contact Trainor Walsh for more details:
trainor.walsh@coloradodealers.org
P: 303-457-5115

 

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


FEDERATED INSURANCE: AUTO DEALER CLAIM OF THE MONTH

Federated Insurance’s “Claim of the Month” – Could it happen to you?

A sales rep drove a high-end demo home. That evening, she took friends out for dinner and drinks. On the way home, she caused an accident that resulted in two serious injuries, and the death of a single mother of three.
CLAIM AMOUNT: $3.5 million

What policies are in place to help prevent this from happening at your dealership? Do you know who’s driving your vehicles? Federated Insurance recommends several best practices to help protect your business and manage risks; for example,

  • Know your drivers. Order MVRs on all employees who may drive company vehicles.
  • Limit the number of demos.
  • Transfer the risk: get the title out of the dealership’s name.

These are just a few loss control recommendations you can use to help protect your dealership. To learn more, contact your local Federated Insurance representative and request a copy of our Auto Dealer “Keys to Success” risk management education materials. Federated Insurance is recommended by 18 state and national auto dealer associations just like yours for customized insurance programs and value-added risk management services, such as Federated’s Shield Network®, the Risk Management Resource Center, and the Federated Employment Practices NetworkSM. Visit www.federatedinsurance.com to discover resources you can use to create or ramp up your own risk management program, or to contact your local representative.

CLICK HERE to download a copy of this article.

Federated Mutual Insurance Company • Federated Service Insurance Company* • Federated Life Insurance Company Owatonna, Minnesota  55060 • Phone: (507) 455-5200 • www.federatedinsurance.com *Not licensed in the states of NH, NJ, and VT.

This article is for general information regarding risk prevention and should not be considered legal advice. The claim example is only a basis for discussion and illustrates only one possible scenario. Coverage for actual claims will be determined solely by individual policy terms and facts of the claim. The recommendations presented are not guaranteed to reduce or eliminate any risk of loss. Seek qualified counsel regarding questions specific to your circumstances. © 2015 Federated Mutual Insurance Company.

Federated Insurance specializes in general liability/business insurance for selected industries, including auto dealers.  CADA members interested in more information, contact Mike Russell, Senior Account Executive, Cell: 480.216.5445 or mdrussell@fedins.com

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UNIFIRST... THE NATION'S PREFERRED AUTO UNIFORM SUPPLIER


 

35 YEARS OF RAISING THE STANDARD IN F&I


a

 

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