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“Denver a Hotbed for
Hybrids” (Excerpt from The Denver Business Journal - Denver ranks as a top market for hybrid vehicles, according to a study released Monday.
R.L. Polk & Co., which tracks auto sales, said Denver recorded 4,954 new hybrid registrations in 2006. Although that's only 1.9 percent of the hybrid volume in the United States, the figure was enough to rank Denver as No. 10.
The first-place spot belonged to Los Angeles, where the 30,989 new hybrid registrations accounted for 12.2 percent of the total. California also was the top state for hybrid vehicles.
Hybrid vehicles accounted
for about 1.5 percent of all new vehicle registrations in the United
States last year, with the Toyota Prius the preferred hybrid. * * * * * * * USA TODAY DEALER INNOVATION AWARD Are you aware of a special dealership success story involving significant energy savings? Nominate that dealer — yourself or someone else — for the USA Today Dealer Innovation Award!
This year's award
recognizes "green" dealerships that have implemented effective initiatives
to save energy, reduce utility costs and help protect the environment. The
deadline for nominations is March 12, so nominate yourself or someone else
today! Four winners will be chosen. One grand prize winner, selected from among them, will be honored at the Morgan Stanley Global Automotive Awards Dinner, April 4 in New York City. The dinner is held in conjunction with the New York International Auto Show. That winner will receive round-trip airfare for two to New York and hotel accommodations for two nights. All of the winners will be featured in a full-page ad in USA Today.
To nominate yourself or someone else, CLICK HERE to complete and submit the official nomination form.
To review a wealth of energy efficiency ideas designed for both existing dealerships and new construction, see NADA's A Dealer Guide to EnergyStar: Putting Energy into Profits, mailed to all association members in 2006. For more information or to order additional copies, CLICK HERE.
* * * * * * * AUTOMOTIVE CAREER MONTH IS COMING! Hosting an event as part of Automotive Career Month, which has been moved to April, is a great way to introduce young people and educators to the many career opportunities in dealerships. You will want to plan on a date for your event and begin contacting schools now to make arrangements for the students. To sign up and order a kit to help you set up and promote your event, visit www.nada.org/careers and click on "Request an Event Kit." NADA's all-new career DVD with testimonials, interviews, helpful tips for teachers and parents, and brochures, is also available from www.nada.org/mecatalog.
In response to ATAE requests, NADA has produced edited versions of two videos: Take the Ride of Your Life (career video) and The First Century: 100 Years of America's Auto Dealerships. Looping DVDs (for use at auto shows or other events), and broadcast-quality beta versions (for use with local TV stations) are available at no charge for ATAEs. For copies, please contact Deborah Hopkins (dhopkins@nada.org) or Pam Broberg pbroberg@nada.org.
Bow to your corner and
your partner…the Amendment 41 dance has begun.
DEALER Q&A: Colorado law prohibits dealers form offering to pay consumer taxesQUESTION: We would like to run an advertisement offering to pay all of the customer’s sales taxes on a certain vehicle: “We will pay all your sales taxes!” Are dealerships allowed to do that?
ANSWER(S):
No, dealerships are
prohibited from advertising or offering to assume, absorb or refund in any
way a consumer’s sales or use taxes on a motor vehicle purchase. This is
not part of the automobile industry-specific advertising regulations, but
part of a statute that covers
Colorado Revised Statutes [C.R.S.] 39-26-108. Tax cannot be absorbed.
It is unlawful for any
retailer to advertise or hold out or state to the
public or to any customer, directly or indirectly, that the tax
or any part thereof imposed by this part 1 will
A similar provision applies to Use taxes in C.R.S. 39-26-204
If you have additional questions on this topic, please contact Tammi McCoy via email at tammi.mccoy@cadaonline.org or by phone at 303.282.1449.
* * * * * * * FEDERAL EXCISE TAX REFUND AVAILABLE TO DEALERS Colorado Automobile Dealers Association along with LB Telecom, LLC, our endorsed telecommunications company, would like to make all CADA members aware of a significant tax refund that your company may be entitled to on your 2006 tax return.
The Federal Excise Tax, which is a three percent tax on monthly charges for long distance, wireless, and other bundled telecom services, is finally going away. Furthermore, businesses that used these services between February 28, 2003 and August 1, 2006 can request a full refund of the taxes paid, plus interest. For many automobile dealers this could be a significant amount of money.
Additionally, as a CADA member, LB Telecom is always available to provide you with a FREE consultation to evaluate your current dealership telecommunications services—from Internet access and Web hosting to local and long distance phone services. LB Telecom can evaluate your full range of telecommunications needs, review offerings and packages from various telecommunications providers, and find you the best deal possible.
If you have questions
about how to calculate or file for your Federal Excise Tax refund or to
request a free evaluation and cost savings estimate, please call
Lex Brown with LB Telecom, LLC at 720.214.0961 (Denver area),
866.200.2236 (toll-free) or
A friendly reminder that doing business with CADA endorsed companies helps support our other efforts on your behalf—from legislative advocacy to legal and regulatory support, membership events, and everything else we do for you.
unclaimed property compliance seminar The Colorado Office of the Treasurer compliance/audit personnel will review Colorado unclaimed Property Laws and Regulations.
Businesses in Colorado must take specific steps to return “unclaimed property”:
*Breakfast or lunch will be provided.
upcoming events for 2007
denver auto outlook for first month of 2007
Check out auto sales
for the beginning of 2007 from the Denver Auto Outlook,
* * * * * * * stevinson ford in golden closing As seen in the Rocky Mountain News on February 22, 2007.
The Stevinson Ford dealer in Golden is
closing as the ailing automaker in Detroit
CLICK HERE to read the full story.
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