January 31, 2007
Volume #1, Issue #5

  DEALER NEWS
     - Labor
Peace Act Update
     - Ritter Poised to Sign Union Bill

  LEGISLATIVE STATUS REPORTS
     - CAR revs up at the Capitol

  REGULATORY UPDATES
     - New edition of NADA Regulatory
      
Compliance Chart available

     - Reminder: CO Emissions Vouchers

  UPCOMING EVENTS
     - 
Colorado Attorney General
       John
Suthers to speak at breakfast

     - IADA and CADA to host Super,
       
Super Bowl Party at NADA 2007    
    
  UPCOMING SEMINARS
     - Unclaimed Property Compliance
       Seminars

  DEALER MILESTONES,
     HIGHLIGHTS & TRANSITIONS

     - 
New Location-Subaru of Loveland
     - Auto sales drop in Denver in 2006



 www.nada.org
 


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IADA and CADA to host Super, Super Party at NADA Las Vegas 2007 – Gordon Biersch Brewery and Restaurant is bought out for dealers only


LABOR PEACE ACT UPDATE

 

Excerpt from the Denver Post article, "Labor Battle Entangles Ritter" (January 25, 2007):

While labor is hoping to capitalize on what would traditionally be considered a liberal political advantage, some key business leaders backed Ritter over his GOP opponent, Bob Beauprez, after he wooed them with a moderate platform focused on economic development.

 

"Business leaders are viewing this as a kick in the teeth right out of the gate," said Tim Jackson, president of the Colorado Automobile Dealers Association.

 

Business groups fear that passage of the Labor Peace Act will keep new business from coming to Colorado. Ritter tried to appease those concerns, insisting "I will do everything I can to market this state."

 

CLICK HERE to read the entire article.

 

* * * * * * *

 

UNION BILL UPDATE

 

Excerpt from the Rocky Mountain News article "Ritter Poised to Sign Controversial Union Bill" (January 25, 2007):

 

Gov. Bill Ritter failed to ease business-community worries when he implied today he'll sign a pro-union bill sailing through the legislature.

 

CLICK HERE to read the entire article.
 


COLORADO AUTOMOTIVE RETAILERS REV UP AT THE CAPITOL

 

  CLICK HERE to read this informative article by CAR lobbyist Jeremy Cottrell.
 


NEW EDITION OF NADA REGULATORY COMPLIANCE CHART AVAILABLE

 

All car and -truck dealers need to know how federal rules and regulations apply to them. The NADA & ATD Regulatory Compliance Chart is an indispensable, easy-to-use reference tool that NADA's Regulatory & Legal Affairs staff has expanded and updated. The NADA & ATD Regulatory Compliance Chart, second edition, provides:

  • An overview, with checklist, of federal rules that apply to car and truck dealerships, organized alphabetically by regulatory agency;

  • A quick summary of each rule; and

  • Sources for further compliance-oriented information for car and truck dealerships, available on a wide array of regulatory issue topics.

The 44-page publication is available in both a print edition and a downloadable PDF file.  NADA MEMBER PRICE:  $30.00.
 

To order, click the following links to NADA's online store (and make sure you login as an NADA member to obtain the member price): Print version (L48-M) | PDF download version (L48-E). Or, call NADA Management Education at (703) 821-7227.  

 

* * * * * * *

 

REMINDER:  cOLORADO EMISSIONS VOUCHERS

 

Most Colorado dealerships are aware of state emissions requirements.  However, dealers must ensure that they retain proof that the statutory requirements have been met.  The Motor Vehicle Dealer Board recently requested an Attorney General opinion as to whether a consumer could require the unwinding of a deal if the statutory requirements were not met at the time of sale.  The answer was: YES. 

 

As a reminder, when selling a used vehicle to a buyer that resides in the enhanced program areas, the dealer is required to provide the buyer with a passing enhanced emissions test or a voucher that is to be delivered to the buyer at the time of sale. The voucher is to be filled out by the dealer with the selling dealers name and the vehicle’s VIN number and then signed and dated by the buyer. 

 

It is important that dealerships meet these statutory requirements in the event of a later consumer dispute regarding the operation or functioning of the car that might cause the consumer to try to look for a basis on which to unwind the deal. 

 

It is recommended that dealers retain a copy of the voucher in their files or the vehicle deal jacket for one year. The voucher copy is proof that the dealer provided the buyer with an emissions voucher.

 

  CLICK HERE to review a re-cap of Colorado Emissions requirements in the attached article from the latest Auto Industry Newsletter.

 

CLICK HERE for the Auto Industry Division web site (Select “Emissions” from the Main Categories).

 


colorado dealer breakfast to feature keynote by john suthers, colorado attorney general

 

Colorado Attorney General John Suthers will address dealers at the 2nd Annual Colorado Dealer Breakfast, 7:15 am, Sunday February 4, 2007 at NADA Las Vegas 2007. 

Please CLICK HERE to view our online invite and to RSVP. 

 

* * * * * * *

Iowa and Colorado Auto Dealer Associations to host a Super, Super Bowl Party in conjunction with NADA Las Vegas 2007

 

This event is free to Iowa and Colorado dealers and their spouses as well as many friends around the nation.  The Gordon Biersch Brewery and Restaurant has been reserved for dealers only. 

 

  Please CLICK HERE for more information on this fun event.  Please R.S.V.P. to rsvp@cadaonline.org
 


unclaimed property compliance seminar

 

The Colorado Office of the Treasurer compliance/audit personnel will review Colorado unclaimed Property Laws and Regulations.

  • Colorado Unclaimed Property Act has covered automobile retailers since 1992

  • Avoid embarrassing fines and penalties by taking advantage of this seminar

Businesses in Colorado must take specific steps to return “unclaimed property”:

  • Learn what is covered, what steps you must take, and the annual reporting requirements

  • Covered property must be turned over to the state if not returned to the rightful owner

  • In general, “unclaimed property” includes various types of obligations or liabilities of a business which have been in active or have not been paid after an extended period of time after they are payable.  Examples include

  • Amounts owed to suppliers/vendors

  • Payroll/wage obligations

  • Stale, outstanding checks

  • Overpayments/refunds/rebates

  • Security or other deposits

  • Credit checks or memos

  • Uncollected referral fees

  • Due bills / We Owe Accounts (for parts, service, equipment ordered
    at the time of vehicle sale)

  • Loan collateral

  • Dividends or Interest

  • Matured insurance policy proceeds

   Please CLICK HERE for more information on this seminar.  Register for this seminar by returning the attached registration form or clicking on the respective link below.
 

City

Date / Time*

Location

Denver

 

Tuesday, February 20

7:30 am to 9:30 am

William D. Barrow Building, 290 E. Speer Blvd (SW Corner of Grant/Speer).  Phone: 303.831.1722

CLICK HERE to register for this location.

Northern Colorado

Thursday, March 15

7:30 am to 9:30 am

Johnson’s Corner

2842 SE Frontage Rd (Exit 254 from I-25, Johnstown).  Phone: 970.667.2069

CLICK HERE to register for this location.

Colorado Springs

Thursday, March 22

11:30 am to 1:30 pm

Antlers Hilton, 4 So. Cascade Avenue (Uintah St. exit from northbound I-25; Cimarron exit from southbound I-25).  Phone: 719.955.5600

**NOTE:  CLICK HERE to register directly with Ann Winslow.

Grand Junction

Thursday, April 19

11:30 am to 1:30 pm

Grand Vista Hotel, 2790 Crossroads Blvd.

Phone:  970.254.7100

CLICK HERE to register for this location.

*Breakfast or lunch will be provided.


NEW LOCATION FOR SUBARU OF LOVELAND

Subaru of Loveland has moved to its new location at the all new Autopark at Crossroads and I-25 (3930 Byrd Drive). 

 

CLICK HERE for Subaru of Loveland's Web site  or call 970.622.1019 for more info.

 

 * * * * * * *

 

auto sales drop in denver in 2006

 

According to the Denver Auto Outlook, a publication of the Metro Denver Automobile Dealers Association, auto sales in the Denver metro area dropped by 5.9 percent, in 2006 from 2005.

 

   Please CLICK HERE  for the Denver Auto Outlook for year-end, December 2006.
 


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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

 

Copyright 2007 Colorado Automobile Dealers Association.  All Rights Reserved.

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