JUNE 11, 2008


IN THIS ISSUE

  DEALER NEWS & INFORMATION

Automotive News at a Glance

 

  PUBLIC POLICY UPDATES

Climate Change Collapse


  REGULATORY & LEGAL UPDATES

*New* Red Flags Rule Compliance Seminar: Plus: Privacy/Safeguards Re-Cap

 

  UPCOMING SEMINARS

F&I Compliance Training

*New* Red Flags Rule & Privacy/ Safeguards Re-cap


CALENDAR OF EVENTS
Upcoming Events
Fall 2008 Regional Member Briefings


DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

Tim Jackson to Ride the Rockies

Share YOUR Accomplishments

 


ARCHIVES

CLICK HERE for Open Road
e-newsletter archives.

CLICK HERE for 2008 Regulatory
& Legal Articles
from the Open
Road e-newsletter.

CLICK HERE for 2007 Regulatory
& Legal Articles
from the Open
Road e-newsletter.

CLICK HERE for Bulletin archives.

CLICK HERE for Colorado Auto
Outlook
archives.

CLICK HERE for Denver 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
.



www.nada.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.cadaonline.org.


CADA Hours of Operation
Monday to Thursday, 7 a.m. to 5 p.m.
Friday, 7 a.m. to 4 p.m.


CADA STAFF

President
Tim Jackson
tim.jackson@cadaonline.org
303.282.1448

Vice President
Tammi McCoy
tammi.mccoy@cadaonline.org
303.282.1449

Vice President -
Public Policy & Communications
Nancy J. Burke
nancy.burke@cadaonline.org
303.457.5115

Bond Coordinator
Linda Toteve
linda.toteve@cadaonline.org
303.457.5122

F&I Resource Center -
Manager
Chad Julius
chad.julius@cadaonline.org
303.457.5119

Insurance Services -
Account Manager
Deb Lay
dlay@cadaonline.org
303.282.1453

Insurance Services -
Account Manager
Bob Kogel
bobkogel@cadaonline.org
303.282.1457

Executive Assistant/Member
Resources Coordinator
Lauren Stadler
lauren.stadler@cadaonline.org
303.457.5123

Services Coordinator
George Billings
george.billings@cadaonline.org 303.457.5117


If you have questions
or suggestions
regarding this
e-newsletter, please
contact Nancy Burke at nancy.burke@cadaonline.org

CLICK HERE or scroll to the bottom
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ENDORSED VENDOR/PROGRAMS

CLICK HERE for a list of current
Endorsed Vendors/Programs
.
Click on any of the logos below to
to go directly to a vendor's webpage.


REYNOLDS AND REYNOLDS


Merchant Services


If you have trouble viewing any of the links or documents in this e-newsletter,
please CLICK HERE to access the web-based version.



AUTOMOTIVE 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.

  • Inside Politics:  New legislation will bring premiums back up
    The Greeley Tribine, June 8
    Colorado motorists who are unfortunate enough to be injured in a crash will have one less thing to worry about thanks to a bill signed by Gov. Bill Ritter late last week.
  • Top Car Dealer Says High Gas Prices Are Good for the U.S. Auto Industry
    The Wall Street Journal, June 9
    Detroit's big auto makers are slashing jobs, closing factories and undertaking costly revamps of their product strategies to cope with $4 a gallon gas. What's the worst thing that could happen now? Gas could get cheap again, says the man who runs America's biggest auto retailer.
  • Hiprocracy on gas -- Energy policy idiocy
    New York Post, June 5
    Rising in the Senate on May 13, Chuck Schumer, the New York Democrat, explained: "I rise to discuss rising energy prices." The president was heading to Saudi Arabia to seek an increase in its oil production, and Schumer's gorge was rising.
  • Gasoline tops $4.00 for first time
    USA Today, June 8
    U.S. gasoline prices shot above $4 a gallon for the first time Sunday, and drivers will be shelling out even more for gas this week.
  • Drivers choose cars over trucks as auto sales plunge
    USA Today, June 3
    Cars outsold the top-selling Ford F-series truck in May for the first time since 1992, a sign of the rapid shift in customers' preferences from trucks and SUVs to small cars that is forcing painful production cuts and plant closures at General Motors and Ford Motor.
  • Chrysler closes efficiency gap with Toyota
    The Detroit News, June 6
    Chrysler LLC tied Toyota Motor Corp. as the most efficient automaker in North America, while General Motors Corp. and Ford Motor Co. joined in virtually erasing the productivity gap between Detroit's Big Three automakers and their Asian rivals, according to the 2008 Harbour Report North America.
  • Wonder why Detroit gets a bad rap?
    The Detroit News, June 6
    Can't imagine why Detroit gets a bad rap, whatever the arcana of its individual product cycle plans. Perception is reality to folks outside the automotive bubble -- you know, the people who actually buy the stuff -- and the perception is that Detroit is pushing the wrong new metal for the times and losing a lot of money doing it because, well, it is.
  • Confessions of a Pro-Trade Democrat
    The Wall Street Journal, June 9
    Where are the pro-trade Democrats? America won't increase middle-class incomes and create jobs without them.


SAVE THE DATE!
Dealer Management
and Leadership Summit

Wednesday, August 13 – 8 a.m. to 7:30 p.m.
Marriott Denver South –
Park Meadows Drive

John McEnerney, NADA Chairman for 2009, will be a dinner speaker at the 2008 Summit . Other speakers and informational programs are in the works. More information on speakers/agenda will be posted as finalized: www.cadaonline.org/summit


CADA forwards news articles and opinion columns of interest
through the Open Road to inform members of current events.
These in no way reflect the views, opinions, and/or positions
of CADA or its member dealers. They are sent for
informational and educational purposes only.


CLIMATE CHANGE COLLAPSE
The Wall Street Journal, Political Diary, June 6

Environmentalists are stunned that their global warming agenda is in collapse. Senator Harry Reid has all but conceded he lacks the vote for passage in the Senate and that it's time to move on. Backers of the Warner-Lieberman cap-and-trade bill always knew they would face a veto from President Bush, but they wanted to flex their political muscle and build momentum for 2009. That strategy backfired. The green groups now look as politically intimidating as the skinny kid on the beach who gets sand kicked in his face.

Those groups spent millions advertising and lobbying to push the cap-and-trade bill through the Senate. But it would appear the political consensus on global warming was as exaggerated as the alleged scientific consensus. "With gasoline selling at $4 a gallon, the Democrats picked the worst possible time to bring up cap and trade," says Dan Clifton, a political analyst for Strategas Research Partners. "This issue is starting to feel like the Hillary health care plan."

CLICK HERE to read the entire article.

________________________________________________________

If you have questions on any legislative topic, please contact:



*NEW* RED FLAGS RULE COMPLIANCE SEMINAR:
PLUS: PRIVACY/SAFEGUARDS RE-CAP

Rob Cohen, auto industry compliance expert, will provide in-depth training on the new RED FLAGS rule
and a re-cap on Privacy/Safeguards Rules

Make sure you are aware of
these NEW compliance obligations:

Generally, the new regulations require automobile dealers to:

  1. Create and implement a written Identity Theft Protection Program with procedures designed to detect and respond to “red flags” indicating potential identity theft.
  2. Periodically review and update the written program to reflect changing risks.
  3. Train responsible staff members to follow the program.
  4. Oversee service providers (i.e., third party vendors).
  5. Involve senior management or owner(s) in approving the program and its administration.
  6. Prepare annual reports for senior management or owner(s).

Attendees will receive practical, step-by-step instruction on how to create and roll-out a Red Flags Program at your dealership.

Mandatory compliance date of Nov. 1, 2008

PLUS: Re-Cap of Safeguards and Privacy Rules: Dealers must have a Safeguards Program Coordinator, conduct a risk assessment, implement written safeguards to control risks, oversee service providers, and re-evaluate periodically.

CLICK HERE for more information
on this
training session.
Event Description
Date/Time
Location

*New* Red Flags Rule and Privacy/Safeguards Re-cap presented by Rob Cohen, Auto Advisory Services
Grand Junction

Monday,
Aug. 11
noon to 2 p.m.
LUNCH Session

Double Tree Hotel
743 Horizon Drive,
Grand Junction, CO 81506
970.241.8888
CLICK HERE to register for this event.

*New* Red Flags Rule and Privacy/Safeguards Re-cap presented by Rob Cohen, Auto Advisory Services
Denver

Tuesday,
Aug. 12
7:30 to 9:30 a.m.
BREAKFAST Session

William D. Barrow Building, CADA Offices
290 East Speer Blvd., Denver
CLICK HERE to register for this event.

*New* Red Flags Rule and Privacy/Safeguards Re-cap presented by Rob Cohen, Auto Advisory Services
Colorado Springs

Tuesday,
Aug. 12
noon to 2 p.m.
LUNCH Session

Antlers Hilton Hotel,
4 South Cascade Ave.,
Colorado Springs, 80903 719.955.5600
*Colorado Springs dealers should register with CSADA, Ann Winslow, 719.473.1465

About the Presenter:  Rob Cohen, Esq., President of Auto Advisory Services, is a sought-after speaker and trainer on a wide range of dealership sales and finance topics. Auto Advisory Services (AAS) has been providing assistance to automobile dealers since 1975. With over 550 dealership clients, AAS is the leader in dealership compliance issues.

Discount product offer to seminar attendees: AAS’s Information Safeguards and Identity Theft Manual is an in-depth tool for dealership compliance with the FTC’s Safeguard Rule and ID theft compliance and prevention. A new Red Flags Supplement is included as well. Over 1,500 copies have been sold nationwide. This “turn-key” manual makes implementing a dealership safeguards and ID theft program easy. It is regularly $325, but will be available for order at $199/copy at this seminar. See www.autoadvisory.com for more information.

________________________________________________________

If you have questions on any legal or regulatory topic, please contact:

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.



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

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

F&I Compliance Training presented by Shawn D. Mercer, Myers & Fuller, P.A.

Montrose

Wednesday,
July 23

morning session (times to be determined)

Holiday Inn Express
1391 S. Townsend Ave. Montrose
970.240.1800
More information coming soon!

F&I Compliance Training presented by Shawn D. Mercer, Myers & Fuller, P.A.

Denver

Thursday,
July 24

morning session (times to be determined)

William D. Barrow Building, CADA Offices
290 East Speer Blvd., Denver
More information coming soon!

F&I Compliance Training presented by Shawn D. Mercer, Myers & Fuller, P.A.

Fort Morgan

Thursday,
July 24

afternoon session (times to be determined)

Comfort Inn
1417 Barlow Road
Fort Morgan
970.867.6700
More information coming soon!

F&I Compliance Training presented by Shawn D. Mercer, Myers & Fuller, P.A.

Colorado Springs

Friday,
July 25

morning session (times to be determined)

Antlers Hilton Hotel,
4 South Cascade Ave.,
Colorado Springs, 80903 719.955.5600
*Colorado Springs dealers should register with CSADA, Ann Winslow, 719.473.1465 More information coming soon!

*New* Red Flags Rule and Privacy/Safeguards Re-cap presented by Rob Cohen, Auto Advisory Services
Grand Junction

Monday,
Aug. 11
noon to 2 p.m.
LUNCH Session

Double Tree Hotel
743 Horizon Drive,
Grand Junction, CO 81506
970.241.8888
CLICK HERE to register for this event.

*New* Red Flags Rule and Privacy/Safeguards Re-cap presented by Rob Cohen, Auto Advisory Services
Denver

Tuesday,
Aug. 12
7:30 to 9:30 a.m.
BREAKFAST Session

William D. Barrow Building, CADA Offices
290 East Speer Blvd., Denver
CLICK HERE to register for this event.

*New* Red Flags Rule and Privacy/Safeguards Re-cap presented by Rob Cohen, Auto Advisory Services
Colorado Springs

Tuesday,
Aug. 12
noon to 2 p.m.
LUNCH Session

Antlers Hilton Hotel,
4 South Cascade Ave.,
Colorado Springs, 80903 719.955.5600
*Colorado Springs dealers should register with CSADA, Ann Winslow, 719.473.1465

 


Event Description
Date/Time
Location
CADA Workers Compensation Program
- Quarterly Safety Committee Meeting

NEXT WEEK!

Wednesday, June 18

More details coming soon!

William D. Barrow Building,
CADA Offices
290 East Speer Blvd., Denver
CLICK HERE for more information on the CADA workers' compensation program.
ATAE (Automotive Trade Association Executives) Service Directors Meetings July 20-23 St. Julien Hotel, Boulder
CLICK HERE for a registration form. CLICK HERE to view sponsors. Contact Tammi McCoy for more details or if you are interested in sponsorship information.
Dealer Management & Leadership Summit

Wednesday,
Aug. 13
8 a.m. to
7:30 p.m.

Marriott Denver South at Park Meadows Drive (I-25 and Lincoln in Douglas County)
More information on speakers/agenda will be posted online as finalized: www.cadaonline.org/summit
CADA Annual Member Golf Event Monday,
Sept. 8
Columbine Country Club
17 Fairway Lane
Columbine Valley, 80123
CADA Regional Member Briefings

Eleven meetings for dealers across Colorado

CLICK HERE for a full list of locations, dates and times.

Attendees can register through CADA via Phone: 303.831.1722, FAX: 303.831.9100, or E-mail: rsvp@cadaonline.org

* Please note different RSVP
for Colorado Springs and
Pueblo meetings. 



TIM JACKSON TO RIDE THE ROCKIES

Next week CADA President Tim Jackson will be on the road for the annual Ride the Rockies bicycle tour of Colorado. This 435 mile bike ride starts in Durango on June 15 and ends in Breckenridge a week later on June 21. Follow the ride map at  www.ridetherockies.com/route.asp On Thursday, during the normal ‘day-off,’ Tim will speak to a group of managers during the annual Colorado Society of Association Executives (CSAE) conference being held in Breckenridge.

* * * * * * * * *

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@cadaonline.org. Also include your contact information for further follow-up.


If you want to be added to our mailing list, please CLICK HERE.

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Colorado Automobile Dealers Association
290 East Speer Boulevard Denver, CO 80203
Telephone: 303.831.1722 | Facsimile: 303.831.4205
www.cadaonline.org