NOVEMBER 5, 2008


IN THIS ISSUE

DEALER NEWS & INFORMATION

Automotive News at a Glance

NADA News

 

REGULATORY & LEGAL UPDATES

Colorado Department of Revenue Launches New Website

Dealership State ID-Checking Requirements

Treasury Department Fraud Alert

 

UPCOMING SEMINARS

Designated Risk Management Seminar NEXT WEEK!

How's Your Service Traffic?

Red Flags and Safeguards/Privacy Training


CALENDAR OF EVENTS
Upcoming Events

MDADA Annual Membership Meeting, Denver

Annual Colorado Dealers Legal Counsel Lunch and Issues Briefing

NADA Convention and Exposition


DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

Dick Dellenbach Passes at Age 90

Ralph Schomp Automotive Grand Opening

Fred Emich VW Celebrates Their New Grand Opening

Tynan's VW Celebrates Their 40th Anniversary

NADA 2009 Convention and Exposition

Share Your Accomplishments


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& Legal Articles
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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
.

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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.


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Friday, 7 a.m. to 4 p.m.


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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.

  • Exxon Mobil posts biggest US quarterly profit ever
    9News.com, November 3
    Exxon Mobil Corp. (XOM), the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
  • Consultant: GM-Chrysler deal possible by Tuesday
    Detroit Free Press, October 30
    There is a chance that there could be an agreement between General Motors Corp. and Chrysler LLC by Tuesday that would result in half of Chrysler’s assembly plants closing and 24,000 lost jobs, Kimberly Rodriguez, principal of Grant Thornton’s automotive practice, said today.
  • Are automakers also too big to fail?
    The Christian Science Monitor, November 3
    In a financial scenario that probably sounds all too familiar to Uncle Sam, the auto industry is declaring itself too important – with hundreds of thousands of workers – for the government to allow it to fail.
  • Sen. Levin: Government help needed to preserve auto jobs
    The Detroit News, October 30
    The auto industry will lose more jobs unless the federal government provides much-needed loans, U.S. Sen. Carl Levin, D-Detroit, said here today.
  • Being Green vs. Quality Time With the Family
    The Wall Street Journal, October 28
    While sitting on the very delayed train last week I was chatting with a friend and juggler about commuting and the atrocities of N.J. Transit.
  • Kerkorian sells 26.4 million Ford shares
    The Detroit News, October 28
    Billionaire investor Kirk Kerkorian may still be Ford Motor Co.'s largest private shareholder, but he is no longer obligated to talk about it.
  • Bankruptcy Fears Rise As Chrysler, GM Seek Federal Aid
    The Wall Street Journal, October 27
    As talks between General Motors Corp. and long-time rival Chrysler LLC continued over the weekend, a harsh reality has emerged: Without a merger and possibly an assist from the federal government, two of Detroit's Big Three auto makers could run out of cash within a year.
  • More Car Dealers Shut Down
    The Wall Street Journal, October 28
    With credit drying up and new-vehicle sales slumping to a 25-year low, car dealerships from New Jersey to California are going out of business at an accelerating pace, threatening greater economic pain for communities around the country.
  • Honda reports 41 percent drop in quarterly profit
    The Detroit News, October 28
    Honda Motor Co. opened a gloomy earnings season for automakers Tuesday, reporting a 41 percent plunge in profit for the July-September quarter and cutting its forecast for the year.

    * * * * * * *

NADA NEWS

  • Individuals and organizations with 25 or more trucks, tractors or other heavy vehicles used on highways are required to make their excise tax filings with the Internal Revenue Service electronically, rather than by paper. Form 2290, Heavy Highway Vehicle Use Tax Return, is used to report and pay highway-use excise taxes. E-filing of Form 2290 began in August 2007. Electronic filing streamlines the processing of Form 2290. It is safer and more reliable than paper filing and reduces preparation and processing errors. Another advantage of e-filing Form 2290 is that taxpayers don’t have to wait for a stamped version of the Schedule 1, Schedule of Heavy Highway Vehicles, to be returned by mail. They will almost instantly receive the equivalent of a stamped version electronically. For additional information, contact NADA/ATD Regulatory Affairs at mailto:regulatory@nada.org. To view the entire press release, visit www.irs.gov/newsroom/article/0,,id=185565,00.html.


COLORADO DEPARTMENT OF REVENUE LAUNCHES NEW WEBSITE

The state Department of Revenue has launched a new-and-improved web site. Various URLs you may have previously used to find information from the Auto Industry Division and the Titles and Registration Section may no longer be accessible, or may not point to the most current information.  The department has also informed us, they have set up some easy-to-remember short-cuts for their new websites:

Department of Revenue home page         www.colorado.gov/revenue    
DOR Auto Industry home page                   www.colorado.gov/revenue/AID      
DOR Motor Vehicles home page                www.colorado.gov/revenue/dmv 
   (Titles/Reg’n section link)
DOR Taxation home page                           www.colorado.gov/revenue/tax       

CADA has also updated all of our shortcuts and links on our state compliance pages at: http://www.coloradodealers.org/reg_state.php.  The revised look and feel is below:


* * * * * * * *

DEALERSHIP STATE ID-CHECKING REQUIREMENTS

The state Department of Revenue – Titles and Registration section has issued the following reminder regarding Secure and Verifiable ID requirements (SVID):   

We have been notified of instances where two Owners are applying for title and both Owners Secure and Verifiable Identifications (SVIDs) are being listed on the DR2395, Application for Title. At this time, the Title Section is not rejecting these applications when both names and IDs are listed. However, only one SVID is required in order to apply for a title. The title application will be rejected if two names are listed in the SVID portion of the DR2395 and only one ID is recorded (due to not knowing which party the ID represents).

SVID Memo, Titles & Registration Section, October 28, 2008 

The acceptable types of ID to prove legal presence in order to title or register a car in Colorado are listed on the DR 2841 (latest revision, 09/19/08).
Drivers licenses expired one year or less are acceptable. 

IMPORTANT NOTE:  Different ID types are acceptable for hiring salespeople:
The acceptable ID types for SVID, which applies to titling and registering motor vehicles, contains a DIFFERENT set of acceptable IDs than those allowed from individuals who receive “public benefits” (which includes a motor vehicle salesperson license).  When hiring salespersons, the following are the allowable ID types.  While an expired driver’s license IS allowable when checking ID for titling/registering a car, it is NOT allowable for those who will need a Colorado salesperson license.

In addition to a signed affidavit, individuals age 18 years or older applying or reapplying for a public benefit must provide any one the following types of identification with the application:

  • A valid Colorado driver's license (includes only a current driver's license; minor driver's license; probationary driver's license, commercial driver's license, restricted driver's license; instruction permit or identification card) or valid Colorado identification card , or
  • U.S. military card or military dependent's identification card, or
  • U.S. Coast Guard Merchant Mariner Card, or
  • Native American Tribal Document.

Department of Revenue – Evidence of Lawful Presence summary

* * * * * * * *

TREASURY DEPARTMENT FRAUD ALERT

NADA has posted fraud alert regarding bogus treasury notes, bonds and account numbers:  The U.S. Department of the Treasury (Treasury), Office of Inspector General (OIG), is investigating incidences whereby individuals are using fraudulent Treasury-related financial obligations or accounts to purchase or attempt to purchase vehicles from automobile dealerships or pay debts. 

CLICK HERE to read the entire article.

* * * * * * * *

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.



DESIGNATED RISK MANAGEMENT SEMINAR

November 10-12, 2008

Colorado Automobile Dealers Association Members Profit Through Risk Management a

The Designated Risk Manager Training Program was developed to target specific risk management concerns for the auto dealer industry. Companies that are the most successful controlling losses have designated a key person as their risk manager. This person is supported by top management and is both responsible and accountable for identifying loss exposures and implementing risk management solutions.

Through CADA’s partnership with Federated Insurance, there is no charge to attend this training and you do not have to be a current Federated client. Attendees, however, are responsible for air and ground transportation to and from Owatonna, Minnesota, and lodging in Owatonna.

A CLICK HERE for more information
on this
training session.
* * * * * * * *


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

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

Designated Risk Management Seminar

Owatonna, MN

Presented by Federated Insurance

NEXT WEEK!

Monday, Nov 10th-Wednesday, Nov 12th

Through CADA’s partnership with Federated Insurance there is no charge to attend this seminar.  Attendees are responsible for their Air, Lodging and ground transportation.

For more information Click Here

How's Your Service Traffic?

Colorado Springs

Presented by Don Tipton


Tuesday, Dec. 9th

8:00 to 10:30 am

 

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 or abwinslow@comcast.net

For more information Click Here

How's Your Service Traffic?

Pueblo

Presented by Don Tipton

Tuesday, Dec. 9th

Noon to 2:30 pm

 

Pueblo Convention Center, 320 Central Main Street
Pueblo, CO  81003 
Phone: 719.542.1100

For more information Click Here

How's Your Service Traffic?

Loveland

Presented by Don Tipton


Wednesday, Dec. 10th

7:30 am - 10:00 am

 

Best Western Crossroads Inn & Conference Center

5542 E. US Highway 34
Loveland, CO  80537  Phone: 970.667.7810

For more information Click Here

How's Your Service Traffic?

Denver

Presented by Don Tipton


Wednesday, Dec. 10th

Noon to 2:30 pm

 

William D. Barrow Building, CADA Headquarters

290 E. Speer Blvd. Denver, CO  80203, 303.831.1722       

For more information Click Here         

How's Your Service Traffic?

Glenwood Springs

Presented by Don Tipton


Thursday, Dec. 11th

7:30 am - 10:00 am

Hotel Colorado, 26 Pine Street, Glenwood Springs, 81601

Phone:  800.544.3998

For more information Click Here

How's Your Service Traffic?

Grand Junction

Presented by Don Tipton


Thursday, Dec. 11th

12:30 pm - 3:00 pm

 

Doubletree Hotel, 743 Horizon Drive

Grand Junction, CO  81506 / Phone: 970.241.8888

For more information Click Here

Red Flags and Safeguards/Privacy Training

Denver

By Paul Metrey, NADA Regulatory Affairs

Friday, January 9, 2009,

7:30am

Breakfast meeting

Save the date; more details and registration information will be available soon!


Event Description
Date/Time
Location

MDADA  Annual Membership Meeting

Denver


Tuesday, Nov. 25

11 a.m.- Lunch Meeting (General Session)

JW Marriott Denver at Cherry Creek
150 Clayton Lane
Denver 80206
Attendees can register through CADA via Phone: 303.831.1722, FAX: 303.831.9100, or E-mail:rsvp@coloradodealers.org

Annual Colorado Dealers Legal Counsel Lunch and Issues Briefing


Friday, January 9, 2009

11:30-1:30

Lunch

Briefing / update on upcoming legislative session, compliance and regulatory matters, and Red Flags/Safeguards overview from Paul Metrey, NADA Regulatory Affairs

Baur’s Restaurant
www.baursdenver.com
1512 Curtis Street , Denver, CO 80202

More details and registration information coming soon!

NADA Convention & Exposition

Jan. 24-27, 2009

New Orleans Morial Convention Center
New Orleans, LA

CLICK HERE for more information from the official website.

Denver International Auto Show

Wednesday, April 1, 2009

thru  

Sunday, April 5, 2009

Colorado Convention Center

700 14th Street Denver 80202

 

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

www.glenmoorcc.org

 


DICK DELLENBACH PASSES AT AGE 90

Simply put, R.W. "Dick" Dellenbach was a great family man, businessman and humanitarian who was always quick to shy away from attention for his efforts, friends and colleagues said.

The father of 11, grandfather of 29, great-grandfather of 15 and long-time owner of Dellenbach Motors in Fort Collins died Friday at the age of 90.

"Dick raised a wonderful family of 11 children and all have done very well and it's just a really, really fine family," said Tom Gleason, former president of First National Bank and a neighbor and business associate of Dellenbach's. "That in itself is a full-time job and yet he was a very successful businessman and had a great sense of humor. His kids are just like him."

CLICK HERE to read the entire article.

* * * * * * * *

RALPH SCHOMP AUTOMOTIVE GRAND OPENING

Congratulations to Ralph Schomp on their new location!  We recommend you stop by and visit if you haven’t seen it.

Schomp BMW is located at:
1190 South Plum Valley Lane
Highlands Ranch, CO
303.730.1300

Visit www.ralphschomp.com for more information!

* * * * * * * *

FRED EMICH VW CELEBRATES THEIR NEW GRAND OPENING

You've probably seen the construction on Colorado Boulevard or watched the television commercials. Well it's finally here!

Congratulations to Fred Emich VW on their new Grand Opening!

From left to right: Fred Emich IV, Alexis Osterman, Carol Emich, Fred Emich III, Kelly Emich

Emich VW is located at:
1260 S Colorado Blvd
Denver, CO 80246
303.757.7751

Visit www.emichvw.com for more information!

* * * * * * * *

TYNAN'S VW CELEBRATES THEIR 40TH ANNIVERSARY

Tynan’s VW celebrates their 40th Anniversary.

* * * * * * * *

NADA 2009 CONVENTION AND EXPOSITION

aNew Orleans is now the eighth fastest growing metropolitan area in the United States, according to the U.S. Census Bureau. To show support for the rebirth of New Orleans, NADA is headed back to the Big Easy to hold its 92nd annual convention and exposition there Jan. 24-27, 2009.

“The theme for our New Orleans convention is 'Voice of the Dealer® ... Committed to Community.' What better way to show that commitment than for us to be there in full strength at one of NADA's favorite convention cities," said Annette Sykora, 2008 NADA Chairman. NADA has held its convention in New Orleans every few years for the past 30 years.

For more information, visit the following websites:
http://www.nada.org/TrainingEvents/Convention/
http://expo.nada.org/nada2009/public/enter.aspx

CLICK HERE to register!

* * * * * * * *

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.

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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