October 18, 2016

TITLE SPONSOR OF THE
2016 CHARITY PREVIEW PARTY

IN THIS ISSUE

SPECIAL ANNOUNCEMENTS

Register Today! CADA Annual Meeting & Gala

Legislative Grassroots Meetings

Ford-Chrysler Inventoy Online Auction

Our Thanks to EKS&H for their Title Sponsorship of the Annual Dealer 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

Register Now for the NADA Convention & Expo in New Orleans

 

UPCOMING SEMINARS & EVENTS

Dealer Advertising Webinar - Now on Demand!

Damage Disclosure Webinar - Now on Demand!

2016 ACA Basics - Now on Demand!

All Seminars & Events

 

a DEALER NEWS & INFORMATION

Automotive News Best Practices

Clear The Air Foundation 60 Second Video

Auto Industry News at a Glance

 

REGULATORY & LEGAL UPDATES

Unclaimed Property Reporting Reminder: November 1

 

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

Thank you to the Sponsors of the 12th Annual CADA Member Golf Event


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
________

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.


REGISTER TODAY! CADA ANNUAL MEETING & GALA!

CLICK HERE to download the registration form

CLICK HERE to register online

LEGISLATIVE GRASSROOTS MEETINGS

CLICK HERE to register

FORD-CHRYSLER INVENTORY ONLINE AUCTION

OUR THANKS TO EKS&H FOR THEIR TITLE SPONSORSHIP OF THE ANNUAL DEALER MEMBER GOLF EVENT

THANK YOU TO OUR SPONSORS OF THE 8TH ANNUAL CHARITY PREVIEW PARTY

THANK YOU TO THIS YEAR'S SPONSORS OF THE INNOVATIVE DEALER SUMMIT

REGISTER NOW FOR THE NADA CONVENTION & EXPO IN NEW ORLEANS


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


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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.


UNCLAIMED PROPERTY REPORTING REMINDER: NOVEMBER 1ST

A reminder that annual unclaimed property reports are due each year to the state covering unclaimed property through June 30th of that year—the report filing deadline is Nov.1st of each year.   Interest and penalties can apply; if not yet reported, submit as soon as possible.   Every business in Colorado is required to report “unclaimed property” to the state of Colorado, attempt to reach the actual owner(s), report/track these items, and ultimately turn over such funds to the state. The state Unclaimed Property staff has commented previously that almost every dealership will have some unclaimed property.  Audit risk and liabilities can extend back ten years. A few common examples include:

Due Bills and Optional Equipment, Parts and Services | Vehicle Deposits | Referral Fees | Credit Life Premium Refunds |  Accounts Payable/Accounts Receivable (Credit Balance) | Payroll (final wages or commissions)

More information can be found at: www.greatcopayback.com.  See “Holder Information” on the top menu bar for more specific information on reporting requirements. There are electronic reporting options, forms and free software available for tracking purposes. 

2016 Dealer Compliance Guide

NOTE: Unclaimed Property is one of fifty topics covered in more detail in the 2016 Colorado compliance guide.

If you do not yet have a copy, go to http://www.colorado.auto/DCG for an order form or contact CADA at 303.831.1722.

* * * * * * * *

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.


Event Description
Date/Time
Location

Advertising Compliance Webinar

Available On-Demand


CLICK HERE for more information

To purchase a copy, please contact:
Trainor Walsh
303.457.5115
or e-mail
Trainor.Walsh@colorado.auto

Damage Disclosure Webinar

Available On-Demand


CLICK HERE for more information

To purchase a copy, please contact:
Trainor Walsh
303.457.5115
or e-mail
Trainor.Walsh@colorado.auto

2016 ACA Basics

Available On-Demand


CLICK HERE for more information

To purchase a copy, please contact:
Trainor Walsh
303.457.5115
or e-mail
Trainor.Walsh@colorado.auto

If you have a particular area of interest or would like to suggest a training seminar topic, please contact Trainor Walsh 303.457.5115 or e-mail Trainor.Walsh@colorado.auto


FEDERATED INSURANCE: AUTO DEALER CLAIM OF THE MONTH

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

A salesperson began the test drive behind the wheel, with the customer in the passenger’s seat. Wanting to demonstrate some of the vehicle’s abilities, the driver ran through a series of sudden accelerations and stops, and fast, sharp turns. As a result of the salesperson’s reckless driving, the customer suffered a herniation in his neck.
CLAIM AMOUNT: $1.25 million

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

  • Ensure that dealership employees understand what is and isn’t acceptable during a test drive.
  • Use pre-established test drive routes.
  • Mandate seatbelt usage.

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 packet. Federated Insurance 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, contact your local representative.

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

* * * * * * * *

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


THANK YOU TO THE SPONSORS OF THE 12TH ANNUAL CADA MEMBER GOLF EVENT


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