JULY 8, 2009


IN THIS ISSUE

DEALER NEWS & INFORMATION

Automotive News at a Glance

 

REGULATORY & LEGAL UPDATES

New Daily Fee on Car Rentals: Applies to Warranty Work

Cash for Clunkers: Car Allowance Rebate System (CARS)

Colorado Department of Revenue Titles and Registration Forms Changes


LEGISLATIVE UPDATE

Grassroots Alert! Call to Action!
CADA Goes Back to Washington!

 

ALLIED MEMBERS

How is the Recession Changing Hispanics as Consumers?

 

UPCOMING SEMINARS

Upcoming Seminars
Controller Seminar: Technology Cost Control and Colorado Tax Audit Risks
Employment Law Webinar: Reducing Lawsuit Risks of Terminations and Staff Reductions; Archive Now Available!

CADA Virtual Seminar: Manufacturer Bankruptcy: What it Means and Proactive Steps- Now Available in Pre:Recorded Format!

CADA Virtual Seminar: Employer Requirements for New COBRA Subsidy; Archive Now Available


CALENDAR OF EVENTS
Upcoming Events

Dealer Management and Leadership Summit

CADA Annual Member Golf Event


DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

Share 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.

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
.

CLICK HERE for information on all member services.



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.coloradodealers.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

CLICK HERE for a CADA staff listing


If you have questions
or suggestions
regarding this
e-newsletter, please
contact Lauren Stadler at
lauren.stadler@coloradodealers.org

CLICK HERE or scroll to the bottom
of this page if you want to be
added or removed from our list.


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ENDORSED VENDOR/PROGRAMS

CLICK HERE for information about the
Endorsed Vendors/Programs
.

 


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.


NEW DAILY FEE ON CAR RENTALS: APPLIES TO WARRANTY WORK

In the June 24th issue of Open Road, New Daily Fee on Car Rentals Effective July 1st, we provided notice and information about a new, $2.00 daily fee on car rentals.  The question has been asked whether this daily fee would apply when the dealer is being reimbursed by the manufacturer or other warranty provider.  The answer from the state Department of Revenue is YES – the daily fee applies when there is a charge levied for the rental, and a payment being made, even if it is not the end-consumer. 

The guidance issued by the state is that rentals are only exempt if they are “complimentary”.  Visit the June 24th Open Road issue for more information and the state summary of this new fee. 

* * * * * * * *

CASH FOR CLUNKERS: CAR ALLOWANCE REBATE SYSTEM (CARS)

CADA now has a link to the “cash for clunkers” program information on our main web site, www.coloradodealers.org.  We will keep this information updated as more information becomes available, and highlight any updates in future issues of Open Road.  The estimated date for the program rules and implementation details to be available is July 23rd.   

* * * * * * * *

COLORADO DEPARTMENT OF REVENUE TITLES AND REGISTRATION FORMS CHANGES

CADA has received notification from the Colorado Department of Revenue Titles and Registration section of upcoming changes to several different forms.  Please CLICK HERE to see a list of the changes.

CADA Services maintains an inventory of various forms that member dealerships need to conduct business in Colorado - Ranging from secured forms to title/lien perfection pre-stamped post cards. Orders can be shipped, or picked up at our location, and we invoice member dealers.

To place an order, for more information or to obtain prices - contact George Billings or Lauren Stadler at 303.831.1722.

* * * * * * * *

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


aa

GRASSROOTS ALERT!  CALL TO ACTION!
By Melissa Kuipers, Vice President of Government Relations & Communications

CADA continues to aggressively seek co-sponsors for federal legislation, the Automobile Dealer Economic Rights Restoration Act.  These bills, HR 2743 in the House and S. 1304 in the Senate, would ensure that the bankruptcies of Chrysler and GM do not eviscerate dealers’ rights under state franchise laws.  The bill currently has 202 cosponsors in the House and 10 cosponsors in the Senate.  Rep. Lamborn (R-CO), Rep. Perlmutter (D-CO) and Rep. Coffman (R-CO) have already signed on as cosponsors.  Please contact the following members of the Colorado Congressional Delegation and encourage them to co-sponsor these critical pieces of dealer legislation.

HR 2743

Rep. Diana DeGette: 202-225-4431

Rep. Betsy Markey: 202-225-4676

Rep. Jared Polis: 202-225-2161

Rep. John Salazar: 202-225-4761

For a copy of HR 2743, please click here.

S. 1304

Sen. Mark Udall: 202-224-5941

Sen. Michael Bennet: 202-224-5852

Congress is back from their July 4th break, so please CALL TODAY!!

* * * * * * * *

CADA GOES BACK TO WASHINGTON!

CADA is headed back to Washington DC next week to lobby the Colorado Delegation to support HR 2743 and S. 1304.  We have a team of CADA staff and dealers leaving on the afternoon of Monday, July 13th and returning late on the evening of July 14th.  We will be joining other dealers from across the country for a Dealer Day on Capitol Hill.  Everyone is welcome to join us!  If you would like to RSVP or would like further information on hotels and flights, please contact us immediately.  This is your chance to be part of history!

* * * * * * * *

Questions or Comments?  Please contact:


ALLIED MEMBERS

HOW IS THE RECESSION CHANGING HISPANICS AS CONSUMERS?
Entravision Guest Article

How is the economy affecting the Hispanic market? The answer, at this time, may be inconclusive. In a recent article by Terry Soto, president & CEO of About Marketing Solutions, she cites data from Experian and concludes that Hispanics may be "recession proof" or at least "recession aloof."

CLICK HERE to continue reading.

For more information on the Hispanic Market today, contact:

Entravision Communications Corp

Mario Carrera, Vice President, 303.318.6204

Jaime Moreno, Research Director, 303.318.620


a

CONTROLLER SEMINAR: TECHNOLOGY COST CONTROL AND COLORADO TAX AUDIT RISKS

Wed., July. 15th, 2009
7:30 am to 11:00am
Breakfast included

Paul Gillrie, national consultant and “the authority” on dealer technology and cost reduction will provide proven ways to reduce DMS/technology expenses—short-term and long-term
Bruce Nelson, CPA will highlight lessons learned from recent tax audits of Colorado dealers; with recent budget shortfalls, state/city audits are more frequent and much more aggressive 

Part I:  DMS Systems–Reducing monthly Costs/Billing Analysis, Negotiations, and the DMS Market Overall, by Paul Gillrie, The Paul Gillrie Institute (PGI), www.paulgillrie.com (1.5 hrs).

  • How to reduce monthly computer expenses and identify unnecessary costs or over-billing
  • Dealerships typically face a computer acquisition or upgrade every three to five years

DMS provider communications or upgrade terms (seemingly insignificant) may be amending your overall contract in key ways

Part II: Colorado Sales and Use Tax Audit Risk Areas -- (1.5 hours), by Bruce M. Nelson, Ehrhardt Keefe Steiner & Hottman PC (EKS&H)

  • Review of lessons learned from recent dealership tax audits, advice for dealerships on areas of risk in state/local tax audits as well as other sources of potential liability.

Part III: HB1230 – New Colorado “Hold Harmless” Affidavit (1/2 hr), CADA Staff

  • Review of new legislation providing some protection on sales/use taxes; dealers often hit in later tax audits to verify that the consumer provided the “correct” address for registration/titling

CLICK HERE for registration and information!

CLICK HERE to register online

* * * * * * * *

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

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

Controllers: Taxation issues and DMS Cost-Reduction

Bruce Nelson, CPA

Paul Gillrie, The Paul Gillrie Institute


Wednesday,
July 15, 2009

7:30am – 11:00am

CADA Office, 290 East Speer Blvd, Denver

Bruce Nelson will review lessons learned from recent dealership tax audits, and advise dealerships on areas of risk in state/local tax audits as well as other sources of liability.
Paul Gillrie, national consultant and expert on DMS system negotiations, reducing monthly costs/billing analysis, and on the DMS market overall. 

CLICK HERE for registration information

To register online, CLICK HERE!

Employment Law WEBINAR:
Reducing Lawsuit Risks of Terminations and Staff Reductions

By Todd Fredrickson, top Denver employment attorney, Fisher & Phillips, LLP


Archive of this webinar can be viewed any time

Session was completed June 18, 2009

Click here for a registration form and more information (login information and slides provided upon registration)

-Includes detailed Q &A by those linked in on June 18th

CADA Virtual Seminar: Manufacturer Bankruptcy: What it Means and
Proactive Steps for You to Prepare

Understand your rights and responsibilities in a bankruptcy proceeding

NOW AVAILABLE IN PRE-RECORDED FORMAT!

Archive of this webinar can be viewed any time

Session was completed May 1, 2009
-Includes detailed Q &A by those linked in on May 1st

Click here for a registration form and more information (login information and slides provided upon registration)

CADA Virtual Seminar: Employer Requirements for New COBRA Subsidy

Speaker: Penny Wofford, Ford & Harrison LLP


Archive of this webinar can be viewed any time

Click here for a registration form and more information (login information and slides provided upon registration)

Session was completed April 7, 2009
-Includes detailed Q &A by those linked in on April 7th


Event Description
Date/Time
Location

Dealer Management & Leadership Summit

 

 


Thursday, 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.

CLICK HERE for registration information

To register online, CLICK HERE!

CADA Annual Member Golf Event

Monday, August 24, 2009

12:00 Noon Shotgun Start

Glenmoor Country Club
110 Glenmoor Drive
Cherry Hills Village, 80113
303.781.3000

For DEALER registration CLICK HERE

For ALLIED MEMBER registration CLICK HERE

To register online, CLICK HERE!

www.glenmoorcc.org


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.


THE AFTERFACT

  • Chrysler wants to cut GEM dealers
    Detroit Free Press, July 3
    Battery-powered vehicles aren't selling well
  • Device tracks cars' fuel economy
    The Detroit News, July 2
    Device crunches the numbers on gas use, costs to inspire motorists to drive efficiently
  • Brutal, unforgiving change was inevitable
    The Detroit News, July 3
    Years ago, in a fit of organizational zeal, I customized an online stock chart to get a quick scan of important Michigan companies -- 10 of them in all, including the three automakers, five auto suppliers, a retailer and one bank.
  • Will Cash For Clunkers Scheme Work?
    Forbes, July 3
    It could provide a temporary boost to auto sector, but won't likely benefit the Big Three.
  • Car companies accelerate Twitter campaign
    The Detroit News, July 2
    Automakers relish chance at direct access to willing audience in a throwback to one-on-one sales tactics
  • GM Recovery Plan Rests With Judge
    The Wall Street Journal, July 3
    Judge Robert Gerberon Thursday wrapped up a three-day hearing in Manhattan on the move to create a "New GM," but didn't say when he would rule.
  • Hyundai Offers Gas-Price Deal for Car Buyers
    The Wall Street Journal, July 1
    Hyundai Motor Co., looking to fuel its recent market share gains in the U.S., will kick off a new incentive program Wednesday offering consumers gasoline at $1.49-per-gallon for a year if they buy a car by Aug. 31.
  • GM bankruptcy: End of an era
    CNN Money, July 2
    After years of losses, the troubled automaker is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs.
  • Inside GM's bankruptcy filing
    CNN Money, June 2
    A look at the automaker's explanation for what went wrong is revealing for what it says, and what it glosses over.
  • Green Wash: How Do I Save Fuel The Smart Way?
    AOL Autos, June 30
    Diesel vs. Hybrid vs. Gas: Who Wins?
  • Electrifying Cars: How Three Industries Will Evolve
    Forbes, June 29
    No matter when they enter the mainstream, electrified cars will transform the auto and utilities sectors and create a new battery industry.
  • Colorado business conditions dip
    Denver Business Journal, July 1
    Colorado business conditions slipped in June, based on a monthly survey of state supply managers released Wednesday.
  • 'New GM' envisions initial public stock offering in 2010
    USA Today, July 1
    If General Motors wins court approval for its asset sale this week, a "New GM" could be ready to make an initial public offering in 2010, a U.S. Treasury official testified in U.S. bankruptcy court Wednesday.
  • GM bankruptcy: End of an era
    CNN Money, July 2
    After years of losses, the troubled automaker is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs.

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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