June 28, 2016
TITLE SPONSOR OF THE
2016 CHARITY PREVIEW PARTY
IN THIS ISSUE
– SAVE THE DATE: CADA Annual Member Golf Event
– If You Missed the April 12 Webinar on the New Damage Disclosure Rule, it is Now Available for Purchase On-Demand
– Thank You to This Year's Sponsors of the Innovative Dealer Summit
– Thank You to Our Sponsors of the 8th Annual Charity Preview Party
– World’s Largest Collector Car Auction Company Returns To Denver July 8-9
UPCOMING SEMINARS & EVENTS
– Colorado Dealer Compliance Guide Rollout and Educational Seminar
– CADA Annual Member Golf Event
– 2016 ACA Basics - Now on Demand!
– All Seminars & Events
DEALER NEWS & INFORMATION
– Automotive News Best Practices
– Clear The Air Foundation 60 Second Video
– Auto Industry News at a Glance
REGULATORY & LEGAL UPDATES
– Auto Industry Division - New Fee Schedule, Effective July 1, 2016
– July 1st Sales / Use Tax Rate Changes
– Federated Insurance: Auto Dealer Claim of the Month
– UniFirst... The Nation's Preferred Auto Uniform Supplier
ALLIED MEMBERS / ANNUAL MEMBER GOLF EVENT SPONSORSHIP ADS
– Thank you to the Sponsors of the 11th Annual CADA Member Golf Event
HIGHLIGHTS & TRANSITIONS
–Anthony Brownlee, Land Rover Denver, recognized for serving on State of Colorado Motor Vehicle Dealer Board
–For Andre van Hall, Now Blind, A Chance To Ride The Rockies Once Again
– Let Us Know About Your Accomplishments!
–All the News That's Fit to Email!
CLICK HERE for Open Road
CLICK HERE for an Index of Regulatory
& Legal Articles from the Open
CLICK HERE for Bulletin archives.
CLICK HERE for Colorado Auto
CLICK HERE to register online
for various CADA seminars & events.
CLICK HERE for details on the
Speaker and Educational
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
STATE GOVERNMENT RESOURCES
CLICK HERE for the Auto Industry
Division of the Colorado Dept.
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 &
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.
CLICK HERE for a CADA staff listing
If you have questions
or suggestions regarding this
contact Marsha Temple at
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
CLICK HERE for a FREE
download from Adobe.
CLICK HERE for information about the
Contact Polly Penna at CADA to request more information on any of the programs below: firstname.lastname@example.org
Choosing a CADA endorsed provider supports our work for the Colorado retail vehicle industry.
American Fidelity Assurance Company
Supplemental Employee Benefits
Corporate Card - Rewards Program
Dealer Retail Installment Sales Contract (“Rocky Mountain Bank Note”)
- Dealer Management System (DMS)
Merchant Transaction Processing
HR Management & Online Compliance
Environmental / Health & Safety Compliance
Uniforms / Standard Workwear
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.
SAVE THE DATE! CADA ANNUAL MEMBER GOLF EVENT
CLICK HERE to register online!
THANK YOU TO OUR SPONSORS OF THE 8TH ANNUAL CHARITY PREVIEW PARTY
THANK YOU TO THIS YEAR'S SPONSORS OF THE INNOVATIVE DEALER SUMMIT
WORLD'S LARGEST COLLECTOR CAR AUCTION COMPANY RETURNS TO DENVER JULY 8-9
Mecum Auction to Feature 700 American Muscle Cars, Classics, Hot Rods and More
Walworth, Wis. – June 27, 2015 – Following the inaugural auction that featured standing-room-only crowds and more than $12 million in sales, Mecum Auctions, the world’s largest collector car auction company, will return to Denver July 8-9 at the Colorado Convention Center. An estimated 700 American muscle cars, classics, Corvettes, Hot Rods, Resto Mods and more are expected to cross the auction block from approximately 15 surrounding states.
CLICK HERE to read the full press release.
Mecum Denver Auction
Denver Convention Center
700 14th St.
Denver, CO 80202
July 8-9, 2016
Admission: $30 per person, per day; children 12 and younger receive complimentary admission
Preview: Gates open daily at 8 a.m.
Auction: Vehicles start at 10 a.m. daily with Road Art beginning at 8:30 a.m.
TV Schedule (NBCSN): Saturday, July 9 from 6:30-9:30 a.m. (Next Day Delay) and from noon-1 p.m. and 4-5 p.m. (Live); Sunday, July 10 from 10:30 a.m.-12:30 p.m. (Next Day Delay); and on Tuesday, July 12 from 4-6 p.m. (Delayed)
(All times Mountain)
About Mecum Auctions
Nobody sells more than Mecum. Nobody. The Mecum Auction Company is the world leader of collector car, vintage and antique motorcycle, and Road Art sales, hosting auctions throughout the United States. The company has been specializing in the sale of collector cars for 29 years, now offering more than 20,000 lots per year and averaging more than one auction each month. Established by President Dana Mecum in 1988, Mecum Auctions remains a family-run company headquartered in Walworth, Wis. For further information, visit Mecum.com or call (262) 275-5050. Follow along with Mecum’s social media news and join us on Facebook, Twitter, YouTube, Pinterest and Instagram.
CHECK OUT CADA'S BLOGS
“The 102” is the Colorado Automobile Dealers Association's blog featuring the Chair's Column, written by 2016 CADA Chair Fletcher Flower, 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.
* * * * * * * *
CLEAR THE AIR FOUNDATION 60 SECOND VIDEO
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.
- Why the new era of auto industry collaboration creates risks
Automotive News, June 27
There has been a great deal of high-profile collaborations announced recently between traditional automakers, large suppliers and Silicon Valley companies.
- What Brexit Means For Taxes, Trade, The Auto Industry And More
Forbes, June 27
Brexit was a financially stupid vote, insofar as the way the British economy functions. This post is about what happens to the British economy as currently constituted.
- Daily Drive-Thru: Brexit hurts auto industry, U.S. car sales off record pace, E.U. wants Volkswagen to compensate Europeans, and more
Daily News, June 27
Looking for a roundup of the latest and most important news from the automotive world?
- Volkswagen's $14.7 Billion Diesel Emissions Scandal Settlement Is Most Expensive In Auto Industry
Tech Times, June 28
In April, the company set aside $18.2 billion to pay for the penalties, lawsuits, recalls and other damages incurred in the aftermath of the scandal.
- Volkswagen agrees to pay consumers biggest auto settlement in history
The Washington Post, June 27
Volkswagen will settle its emissions scandal case for $14.7 billion, the largest payout by an automaker to consumers in U.S. history, in an agreement set to be formally announced Tuesday morning, according to two people familiar with the matter.
- Ralph Nader goes from auto industry nemesis to Hall of Famer
CNN Money, June 23
Nader will be inducted in the Automotive Hall of Fame in Dearborn, Michigan, on July 21 for his work on behalf of improving auto safety.
- VW said to face $14.7B tab in U.S. settlement
Detroit News, Autos Insider
See more at www.autosinsider.com
- Skeptics of Self-Driving Cars Span Generations
The New York Times, Wheels
See more at http://wheels.blogs.nytimes.com
- VW settles emissions-cheating cases for $14.7 billion and agrees to buy back cars
Los Angeles Times, Autos
See more at http://www.latimes.com/classified/automotive/highway1/
- You can buy Puma shoes inspired by BMW's fabric concept car
See more at http://autos.aol.com/
- Driverless Cars to Fuel Suburban Sprawl
The Wall Street Journal CARS
See more at http://online.wsj.com/public/page/news-autos-automotive.html
…more news articles are included at the end of this issue.
AUTO INDUSTRY DIVISION - NEW FEE SCHEDULE, EFFECTIVE JULY 1, 2016
A reminder that licensing fee changes are effective each year on July 1st. A new fee schedule is available, effective July 1, 2016 to June 30, 2017. CLICK HERE for the latest fee schedule. Fees generally increased by 14% (late fee and reprint fee excepted). An original dealer license is now $519. A new salesperson application is $125.
Auto Industry Division license fees are subject to change once each year on July 1st; the new schedule is typically made available on the Auto Industry web site in May or early June. Visit https://www.colorado.gov/enforcement/aid under the top menu bar - “Licensing / Fee Schedule.” Be sure to remit the updated fee amount—most state license application forms do not include the fee amount since they are subject to annual change.
* * * * * * * *
JULY 1ST SALES / USE 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, 2016 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, email@example.com, 303.282.1449
Tim Jackson, President, firstname.lastname@example.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.
CADA Annual Member Golf Event
|Monday, August 29th
Eisenhower Golf Course
U.S. Air Force Academy
CLICK HERE for more info.
Damage Disclosure Webinar
For more information or to purchase a copy, please contact:
2016 ACA Basics
For more information or to purchase a copy, please contact:
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 email@example.com
FEDERATED INSURANCE: AUTO DEALER CLAIM OF THE MONTH
Federated Insurance’s “Claim of the Month” – Could it happen to you?
A dealership gave a loaner vehicle to a customer while the customer’s personal vehicle was being serviced. While driving three friends home from a party, the customer rolled the vehicle. Two passengers died, a third was injured. The deceased passengers’ estates and the injured passenger made valid injury claims against the dealership, because the driver was a permissive user of the loaner vehicle. A loaner agreement was signed, but insurance was not checked. The customer had no insurance.
CLAIM AMOUNT: $4.25 million
What policies are in place to help prevent this from happening at your dealership? Do you know who’s driving your vehicles? Federated recommends several best practices to help protect your business and manage risks; for example,
Obtain copies of the customer’s valid driver’s license and proof of insurance.
Require the customer to provide proof of liability and physical damage coverage.
Examine license and insurance to verify the information matches and neither has expired.
These are just a few loss control recommendations you can use to help protect your dealership. To learn more, contact your local Federated Mutual Insurance Company representative and request a copy of our “Keys to Success” risk management brochure. Federated is recommended by 19 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 Network®. To discover how Federated can help you create or ramp up your own risk management program, or to find your local representative, click here.
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 firstname.lastname@example.org
* * * * * * * *
UNIFIRST... THE NATION'S PREFERRED AUTO UNIFORM SUPPLIER
THANK YOU TO THE SPONSORS OF THE 11TH ANNUAL CADA MEMBER GOLF EVENT
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 email@example.com. Also include your contact information for further follow-up.
ALL THE NEWS THAT'S FIT TO EMAIL!
If you want to be added to our mailing list, please CLICK HERE.
To remove yourself from this list, click on this link.