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– The Voices of Experience Speaker Series Presents: The Toyota Approach to Business
– Reduction in State Sales / Use Tax Vendor Fee Applies Immediately – Other Regulatory / Legal Reminders: Upcoming Effective Dates – Denver Auto Show- Off-Site Permits Required
– SB-091 - CADA's Franchise Bill Ready for Signature by Governor Ritter – HB 1230 - Hold Harmless for Dealers Passes out of House Transportation Committee
– Tough Tactics to Reduce Expenses in Tough Times – Virtual Seminar: A Deeper Dive Into the FTC Red Flags Rule
– Statewide Green Car Convoy Across Colorado – Rocky Mountain Automotive Summit – Green Tie Charity Preview Event – NADC 5th Annual Member Conference – Denver International Auto Show – Dealer Management and Leadership Summit – CADA Annual Member Golf Event
–2009 National Automotive Technology Competition CLICK HERE for an Index of Regulatory CLICK HERE for Bulletin archives.
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Listed here are several articles pertaining to the
THE VOICES OF EXPERIENCE SPEAKER SERIES PRESENTS: THE TOYOTA APPROACH TO BUSINESS
Monday, March 30th, 2009 6:00pm-8:00pm The Toyota Way Approach to Business Jim Lentz – President, Toyota Motor Sales, U.S.A., Inc. Gates Hall at the Newman Center for Performing Arts, DU Campus Toyota Motor Sales President and DU Alumnus Jim Lentz shares his insights into The Toyota Way, a set of values, beliefs and business practices developed over 75 years that have become Toyota's source of competitive strength in the automotive industry. Lentz discusses how these core values were formed and provides real-life examples of how they move Toyota's business forward. During periods of economic turmoil such as these, core values and ethics, he believes, help companies weather turbulent times and thrive in good times. To read more about this program and Mr. Lentz, please click here Please RSVP! CLICK HERE for an event invitation CLICK HERE for a parking permit CLICK HERE for a parking map Remember! Continuing Education Credits! This event has been approved for 2 hours of CLE credit (2 General credits and 1.2 Ethics credits), NACD credits (2 credits), & CPE credit (Code A)
REDUCTION IN STATE SALES / USE TAX VENDOR FEE APPLIES IMMEDIATELY The Colorado General Assembly passed Senate Bill 212 (SB 09-212), which reduces the allowable amount that vendors such as automotive retailers/dealers can deduct from state sales tax collections as part of covering your costs to provide this function for government. While many of you likely saw CADA alerts on this legislative battle, all members should be aware that the final law has now been signed and is effective immediately.
“ON ANY RETURN MADE ON OR AFTER MARCH 1, 2009, BUT PRIOR TO DECEMBER 31, 2011. FOR ANY RETURN MADE PRIOR TO APRIL 1, 2009, A VENDOR SHALL NOT BE LIABLE FOR ANY INTEREST OR OTHER PENALTY IMPOSED AS A RESULT OF AN ERROR MADE IN CONNECTION WITH THE IMPOSITION OF A MAXIMUM AMOUNT OF SALES TAX REVENUES THAT MAY BE RETAINED IN ACCORDANCE WITH THE PROVISIONS”
Visit the March 4th CADA Open Road, Legislative Updates, SB 212 – Vendor Allowance Fee for more on the background of this recently enacted bill: www.cadaopenroad.org (for all prior archives) CLICK HERE for a downloadable copy of the CADA memo on this topic.
* * * * * * * * OTHER REGULATORY / LEGAL REMINDERS: UPCOMING EFFECTIVE DATES Keep in mind the following upcoming deadlines – both are extensions in the effective dates of previously announced regulatory changes: 1. A revised federal I-9 form originally scheduled to take effect Feb. 2, 2009, was delayed and still is scheduled to take effect April 3, 2009.
2. The Red Flags Rule new enforcement deadline is May 1, 2009
* * * * * * * * DENVER AUTO SHOW- OFF-SITE PERMITS REQUIRED The upcoming Denver Auto Show provides dealers the opportunity to market to new customers and show off the latest and even futuristic, concept cars. If your sales staff plan to work the show, please be aware of the off-premise permit needed to comply with the state’s guidelines for off-site sales activity. Additionally, off-premise permit applications must be made to the Auto Industry Division before the start of the overall show (Wednesday, March 26). CLICK HERE for the off-premise permit application. CLICK HERE for a CADA Memo with more details on off-site permits. * * * * * * * * If you have questions on any legal or regulatory topic, please contact:
DISCLAIMER: CADA is not authorized to dispense legal advice.
SB-091 - CADA'S FRANCHISE BILL READY FOR SIGNATURE BY GOVERNOR RITTER After a quick concurrence by the Senate last week to a minor amendment made in the House, SB-091 has passed through both chambers of the legislature and is now ready for signature by Governor Ritter. We have asked the Governor's office for a bill signing ceremony and will advise of the details when we have them. If you would like to see a copy of the bill that will become law upon signature by the Governor, please click here. * * * * * * * * HB 1230 HOLD HARMLESS FOR DEALERS PASSES OUT OF HOUSE TRANSPORTATION COMMITTEE HB 1230 would provide a hold harmless for dealers who rely upon address information provided by a consumer, that turns out to be inaccurate, relative to sales tax collection. In order to qualify for the hold harmelss, dealers must get a signed affidavit from the consumer where the purchaser affirms that the address they are providing to the dealer as their primary address is true and correct. If the dealer complies with this component of the statute and a taxing jurisdiction later determines that the consumer's information was inaccurate (whether knowingly OR unknowingly on the part of the purchaser), the dealer is held harmless of any fees or penalties associated with the incorrect tax collection. CADA also amended the bill to ask the Transportation Legislation Review Committee (TRLC) to review the inaccuracies of the state approved tax databases for vendors this summer during interim committee meetings. The bill would require the TRLC to study the accuracy and availability of state approved sales tax databases, how often these databases are updated, the efficiency of the collection of sales tax on the sale of motor vehicles by home rule counties and municipalities, and the number of occurrences in which motor vehicle registrations and titles are returned to the dealer due to sales tax discrepancies. The committee would then make recommendations for a bill to be filed during the 2010 Legislative Session to address these issues. Strategically, this study was the best option for CADA to achieve substantive reform in this area, especially with the misinformation being circulated at the Capitol by opponents of this bill. The bill passed unanimously out of the House Transportation Committee by a vote of * * * * * * * * Questions or Comments? Please contact: Melissa Kuipers – VP of Government Relations and Communication DENVER AUTO SHOW Use this coupon in your marketing campaigns for dealer customers! Click on the coupon for a printable version!
NEXT WEEK!! CLICK HERE for a registration/flyer form! March 24-25, 2009 Presented by Steve Lane, management instructor at the NADA/ATD Dealer Academy. Steve has more than 30 years’ experience in the automotive industry as a controller, director of internal audit and financial analysis, and as a regional CFO.
Overview: This session will show you how—using a step-by-step approach—to eliminate wasteful spending, and make sure your expenses are in line with NADA profiles and benchmarks.
* * * * * * * * VIRTUAL SEMINAR: A DEEPER DIVE INTO THE FTC RED FLAGS RULE CLICK HERE for more information! March 26, 2009 Speaker: Paul Metrey NOTE: Please have the publication A Dealer guide to the FTC Red Flags and Address Discrepancy Rules with you during the presentation. A copy has been mailed to all NADA members. If you need to purchase the guide, CLICK HERE. About the Topic: With the FTC's revised May 1, 2009 enforcement date for the FTC Red Flags Rule rapidly approaching, dealers should ensure their required Identity Theft Prevention Programs incorporate all of their covered accounts, include all relevant Red Flags, contain effective response and detection procedures, address all of the rule's other requirements, and are appropriately tailored to their particular operations. This can be challenging as the Red Flags Rule contains general provisions that apply to all types of financial institutions and creditors, not just dealers. To assist you in understanding how the Red Flags and Address Discrepancy Rules apply to dealership operations, NADA has arranged for attorneys from the FTC's Division of Privacy and Identity Protection (which drafted and enforces the Red Flags Rule) to join NADA Regulatory Affairs Director Paul Metrey in a virtual seminar that will examine implementation considerations for dealers. After briefly recapping the required elements of the Red Flags and Address Discrepancy Rules, NADA will open the phone lines so you can present questions directly to the FTC attorneys. Don't miss this valuable opportunity!What You Will Cover:
How You Will Benefit:
Who Should Attend:
Registration Fees: The system will automatically determine a registration fee based on your membership status at the time of login:
ALLIED MEMBERS IN DOWN TIMES, HISPANIC MARKET IS BOOMING With more than 46 million people, Nuevo Hispania is the 27th-largest nation on Earth and the fourth largest in the Western Hemisphere. Its residents wield $1 trillion of buying power in the marketplace. Even as the rest of the economy contracts in the global recession, Nuevo Hispania remains a thriving, even booming, market that’s expected to grow by 48 percent in the next four years. And it’s not even a real country. Click here to read the full article. Click here to read Hola Denver and find out what’s happening in the Hispanic market today!
Brought to you by Entravision. For more information on the Hispanic market in Denver please contact Jamie Moreno at 303.318.6205 or jmoreno@entravision.com 2009 NATIONAL AUTOMOTIVE TECHNOLOGY COMPETITION The 19th annual National Automotive Technology Competition sponsored by the Greater New York Automobile Dealers Association will be held Monday, April 13 through Wednesday, April 15, 2009 at the Jacob K. Javits Convention Center in New York City. For the second year in a row the Colorado Automobile Dealers Association will be sponsoring a team from Smokey Hill High School in Aurora, CO. Team members include instructor Brian Manley and students Patrick Newell and Lucas Nogueira. During the competition the students will be working on the 2009 Ford Edge. Recently, several local dealers volunteered to help our team prepare for the competition. Special thanks goes to Chris Cleavenger at Burt Ford in Parker and Blaine Anderson at Mike Naughton Ford in Aurora for taking the time to help our team become familiar with the 2009 Ford Edge and for providing them access to the special tools used by technicians in the service department today. * * * * * * * * 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. If you want to be added to our mailing list, please CLICK HERE. To remove yourself from this list, click on this link.
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DEALER NEWS & INFORMATION
Bad habits are formed in good times! Good habits are formed in bad times! 
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