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– Cash for Clunkers - Colorado Tax Updates – Cash for Clunkers - Latest Updates
– Consumers Can Combine Federal and State Vehicle Incentive Programs for a Possible $10,500 Credit! – Support for HR 2743 and S. 1304 Growing on Capitol Hill!
– CADA Welcomes Allied Member Colorado Auto & Parts Inc.
– Automotive Internet Marketing Seminar – "Close More Sales Now" Seminar – CADA Virtual Seminar: Employer Requirements for New COBRA Subsidy; Archive Now Available
– Dealer Management and Leadership Summit – CADA Annual Member Golf Event
–Don Hicks is Elected to the NADA Board of Directors CLICK HERE for an Index of Regulatory CLICK HERE for Bulletin archives.
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 CLICK HERE for the Title and CLICK HERE for the Colorado
CLICK HERE for a CADA staff listing If you have questions CLICK HERE or scroll to the bottom Need Acrobat Reader
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Listed here are several articles pertaining to the
…more news articles are included at the end of this issue.
CASH FOR CLUNKERS - COLORADO TAX UPDATES CLICK HERE for the latest information on how to apply Colorado sales/use taxes to CARS transactions. * * * * * * * * CASH FOR CLUNKERS - LATEST UPDATES As expected, NHTSA released final rules last Friday, July 24th on the implementation of the CARS program, aka “Cash for clunkers”. NADA held a webinar on Monday of this week, presented by NHTSA staff. At the end of that session, there were over 2,600 submitted questions! Needless to say there are many unanswered questions. NADA is working on the key questions and is expected to provide a more in-depth set of Questions and Answers as soon as possible. CLICK HERE for the latest guidance on important aspects of the program. * * * * * * * * If you have questions on any legal or regulatory topic, please contact:
DISCLAIMER: CADA is not authorized to dispense legal advice.
CONSUMERS CAN COMBINE FEDERAL AND STATE VEHICLE INCENTIVE PROGRAMS FOR A POSSIBLE $10,500 CREDIT! In addition to using the Cash for Clunkers program at the Federal level, CADA was influential in passing HB 1331 in the Colorado Legislature during the 2009 Session. This bill expands a 1999 law regarding motor vehicle tax incentives to now provide credits for compressed natural gas (CNG) cars and CNG conversions. There are also incentives for high efficiency hybrids and plug-in hybrid electric vehicles now qualify for the credit. All credits are capped at $6,000 per vehicle, except for the plug-in hybrid conversion. A qualifying hybrid vehicle can receive a credit related to both the vehicle purchase and conversion to a plug-in hybrid electric vehicle. The total amount of any Federal tax credits or other incentives combined with the state tax credit cannot exceed the consumer’s actual cost of the conversion or the difference between the actual cost and the cost of a similar traditional fueled vehicle. For a chart on the credits and qualifying vehicles, please click here! SUPPORT FOR HR 2743 AND S. 1304 CONTINUES TO GROW ON CAPITOL HILL Support for HR 2743 and S. 1304 continues to grow on Capitol Hill. HR 2743 currently has 263 co-sponsors, which is more than enough votes to secure passage out of the House of Representatives. S. 1304 now has 31 co-sponsors. All seven of Colorado’s House delegation are signed on as co-sponsors to HR 2743. In the Senate, Sen. Mark Udall is a co-sponsor of S. 1304. Sen. Michael Bennet, however, is not.
Last week, CADA attended the annual meeting of the National Conference of State Legislatures (NCSL) in Philadelphia, PA. Several Colorado legislators were present, including House Speaker Terrance Carroll (D-Denver) and Senate President Brandon Shaffer (D-Longmont). This trip was an excellent opportunity for Speaker Carroll and President Shaffer to hear about what has been happening in the automotive industry and fully understand the ramifications of the terminated dealerships in Colorado. Both have been incredibly supportive of dealer issues, including SB 91, the CADA bill to make improvements to the motor vehicle franchise statutes that passed during the 2009 session. In between legislative meetings in Philadelphia, we traveled to Washington DC to attend the House Judiciary Hearings on the ramifications of dealer closures. We were present when Ron Bloom, head of the White House Auto Task Force, testified before the committee and responded to questions from the committee. Mr. Bloom indicated that the White House was open to a non-legislative solution to the GM and Chrysler dealers that were terminated during bankruptcy. Clearly this statement would have never been made without the ever-growing Congressional support of HR 2743 and S. 1304. We will keep you posted on these potential non-legislative solutions from the automakers if and when they are offered. Finally, CADA is scheduling meetings with several Colorado legislators in anticipation of the 2010 Session. Please watch for future issues of Open Road for meeting dates and times so we can ensure dealer participation during these very important meetings. * * * * * * * * Questions or Comments? Please contact:
ALLIED MEMBERS CADA WELCOMES ALLIED MEMBER COLORADO AUTO & PARTS INC. CADA welcomes its newest allied member Colorado Auto & Parts Inc. Dedicated to efficient removal and reuse of automotive parts. Colorado Auto & Parts purchases any year, make, model or condition end of life vehicle (ELV) while protecting the environment! For more information on Colorado Auto & Parts Service contact: Alice Corns, President
AUTOMOTIVE INTERNET MARKETING SEMINAR Wed., Aug 5th, 2009 By Howard Polirer, Director of Industry Relations For Autotrader.com This classroom presentation covers what's happening in the industry, today's automotive
About the Speaker CLICK HERE for registration and information! * * * * * * * * "CLOSE MORE SALES NOW" SEMINAR Wed., Aug 5th, 2009 Advanced close training presented by: George Dans, top-rated NADA Speaker This workshop will show you how to capture those sales by giving your
CLICK HERE for registration and information!
STEVE NILSSON EARNS HIS MASTER'S DEGREE IN DEALERSHIP MANAGEMENT Steve Nilsson, Glenwood Springs Ford LM, has earned his Master’s degree in Dealership Management in a new program supported by NADA at Babson College. Steve is the first and only Colorado dealer to gain the degree and was part of the first class in the newly developed program. DON HICKS IS ELECTED TO THE NADA BOARD OF DIRECTORS Don Hicks, Shortline Auto, has received word that he has been elected to the NADA Board of Directors in an at-large minority dealer position. Don was part of a close vote election, yet he prevailed and will go on the NADA Board of Directors. Jeff Carlson will continue in the NADA Director role representing Colorado, Essentially, we will have two active members who serve on the NADA at the same time. 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. |
DEALER NEWS & INFORMATION
Please call Sen. Michael Bennet's office and ask for his support on this critically important dealer legislation. 
TO REGISTER ONLINE FOR ANY CADA
