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FIXING CHRYSLER
Automotive
News, May
21, 2007
First, make the dealers happy.
Then call upon a proud design heritage, make
some smart alliances and
take some cues from the Japanese.
Soon Chrysler group CEO Tom LaSorda will be free from the
shackles of quarterly
sales reports, meddlesome Germans and nosy
journalists.
A couple of months from now, Cerberus Capital Management is
expected to complete
the Chrysler acquisition - a deal that will
unravel the
DaimlerChrysler merger and create
a privately held
car company.
As long as he keeps his new bosses at Cerberus happy, LaSorda
can run Chrysler as
he sees fit, away from the prying eyes of
the stock exchange. But what should he do to justify his new
masters' confidence in him? LaSorda didn't ask us, but we'll
offer our prescription anyway.
CLICK HERE
to read the entire article.
MERGE GMAC,
CHRYSLER FINANCIAL?
Automotive
News, May
21, 2007
Chysler executive: Don't bet on it --
savings look iffy
Those on Wall Street who are assessing the possibility of a
merger between GMAC Financial Services and Chrysler Financial
Services should forget about it, says Chrysler Financial's boss.
Paul Knauss, the 53-year-old CEO-designate of Chrysler
Financial, said there is a
greater chance of winning "a big
lottery" than a merger of his company and GMAC.
CLICK HERE
to read the entire article.
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MAY ISSUE OF BULLETIN
AVAILABLE
Several times a year, CADA
distributes copies of the Bulletin
newsletter to our members. Each issue contains industry information, dates of
upcoming seminars and events,
and timely articles for
auto dealers. The May issue was mailed last week, or you
can
CLICK HERE
to download a copy.
* * * * * * *
COLORADO AUTO
OUTLOOK
The
Colorado Auto Outlook is filled with valuable,
objective information on the state's
new retail
automotive market that can't be found anywhere else.
According to the May
2007 issue, new
retail car and light truck registrations are predicted
to decline 0.5
percent in 2007, compared to the same
periods in 2006. The market is expected to
remain
relatively flat through most of 2007--however, light
trucks are expected to grab
a larger share of the market
this year with registrations out-performing car sales.
Colorado's market is anticipated to begin improving in
2008. This newsletter was
mailed to CADA members last
week, or
you can
CLICK HERE
to download a copy.
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CADA forwards news
articles and opinion columns of interest through Open Road
to inform
members of current events. These in no way reflect the views, opinions,
and/or positions of CADA or its member dealers. They are sent for
informational
and educational purposes only. |
JUST ASK THE VOTERS
A chink in the armor has emerged in regard to the
Democrat dominated House, Senate and governorship. This one could be
costly. Republicans have organized around what
is being touted as a
complete violation of the Colorado Taxpayer’s Bill of Rights
(TABOR)
and a blatant dismissal of voters by preventing them from weighing in on
the matter.
Gov. Ritter signed into law SB-199, which effectively freezes property
tax mill levy rates thereby allowing for a drastic increase to fund
education. Currently, mill levy rates
decrease as property tax increases
so as not overwhelm homeowners. This bill
deviates from current law and
established protocol.
CLICK HERE
to read this
article by CAR lobbyist Jeremy Cottrell.
SECURE AND
VERIFIABLE ID REQUIREMENTS: WHEELS ARTICLE
 The
following article appeared in the March issue of Wheels, the Auto
Industry Division’s newsletter. CLICK HERE
for any new
issues, as well as archives of prior ones.
Secure and
Verifiable Identification and Dealer Requirements, by Sue Spriggs, Dept. of Revenue, Titles & Registration Section, March issue of
Wheels
It is the
responsibility of the dealer to obtain Secure and Verifiable
Identification information (SVID) of at least one named owner for
vehicles that will be titled
and/or registered in the State of
Colorado.** Secure and Verifiable Identification information can be
recorded on the
DR2395 Application for Title
OR the
DR2842 Supplemental Secure and Variable Identification Attestation
Clause.
Secure and Verifiable Identification is required when
applying for a duplicate
title only
when the *original title* was issued
on or after July 1, 2006.
Secure
and Verifiable Identification information can be recorded on the
DR2539A Duplicate Title Request and Receipt form OR the
DR2842 Supplemental Secure and Verifiable Identification Attestation Clause.
For the complete list
of acceptable Secure and Verifiable Identification please visit our
website at
www.revenue.state.co.us [from “Main Categories”, select Motor
Vehicles, then Titles and Registrations, Frequently Asked Questions,
Secure and Verifiable Identification (DR 2841)]. If you have any
questions regarding Secure and Verifiable Identification requirements,
please contact the Titles and Registrations section at 303.205.5608.
CLICK HERE
to view the FAQ referenced above.
CLICK HERE
to view the list of allowable forms of ID (DR 2841).
**NOTE: CADA
has received calls from dealers about state SVID requirements when
a
customer buying a car will be taking that car out of the country (in
which case, the customer often cannot provide SVID) or out of state. In
that case, SVID is not required. “Official” documents will not be
issued by a division of government within the
state Colorado, so the
requirement does not apply. Keep in mind, this does not relieve dealers
of federal OFAC-checking requirements; however, the OFAC does not have a
strict list of allowable ID types.
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THE REGULATORY
MAZE: NADA'S ANNUAL UPDATE ON FEDERAL REGULATIONS
---------------------------------------------------------------------------------------------------------------------
If you have additional questions on any legal or regulatory topics, please
contact either Tammi McCoy or Tim Jackson:
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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. |
LIFELINE TO PROFITS SEMINAR
Wednesday to
Friday, June 6-8, 2007
Denver (CADA
Headquarters)
Is your
dealership operating at peak performance? Are your current operations
designed
to capitalize on profit opportunities? In conjunction with the
National Automobile Dealers Association (NADA), this Lifeline to Profits
workshop is an outstanding opportunity to develop a strategy and action
plan for maximizing your dealership’s profits.
NADA trainers
will help you identify untapped profit opportunities in your dealership.
You will take home a practical action plan
specifically designed for you. This in-depth and intensive two
and a half-day session will provide you the essential edge you need to
more effectively compete in today’s competitive market.
In order to fully
benefit from this exciting opportunity, it’s important to bring your
numbers:
You’ll begin and
end each day with a developmental session that refines a specific
dealership action plan for you based on information covered in the
workshop. You’ll discuss the most positive action, event or result your
dealership has seen in the last six months.
In addition,
you’ll be asked to provide trainers with information about a critical
concern you’d like to identify as a key element in the improvement of your
operation. Most important, be prepared to actively participate.
Specifically, the association’s Lifeline to Profits program “can help
you meet any number of challenges, from having too much inventory to
seeing our cash flow
trickle to a near standstill,”
said Dale Willey, Chairman
of NADA.
We
strongly encourage you and your key managers
to attend this valuable workshop.
Space
is limited so please enroll today!
DATE/TIME:
8 a.m. to 5:30 p.m., Wednesday, June 6, 2007 (breakfast, lunch
& dinner)
8 a.m. to 5:30 p.m.,
Thursday, June 7, 2007 (breakfast & lunch)
8 to 11:30 a.m., Friday,
June 8, 2007 (breakfast)
LOCATION: William
D. Barrow Building, CADA Offices, 290 East Speer Blvd., Denver
TRAINERS:
Brad Lawson, NADA Group 20 Team Leader
Mark Rogers, NADA Dealership Management Consultant
CLICK HERE
for seminar flyer and to fax or mail your
registration.
CLICK HERE
to register online for this three-day seminar.
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SECRETS TO CREATING A SUPER CONTROLLER
Are you providing your
dealer and managers with the reports they
really need to make more money? Do you know what reports
are crucial to monitoring your dealership and increasing profits? In this
dynamic half-day seminar, noted speaker, former super controller and
consultant Sandi Jerome will give you the essential tools and information
you need to answer these questions with a resounding
yes!
Become
a super controller and drive your dealership’s bottom line!
This is a must-attend
event for general managers, office managers and CFOs who need
to move from
everyday “bean counting” methods to mastering super controller techniques
that increase efficiencies, save time and drive profits.
In today’s competitive
market, it’s critical that dealers have a “super controller” who’s focused
on two things: maximizing profits and helping others streamline their
processes. Don’t miss this opportunity to learn essential super controller
secrets from Sandi Jerome, a sought-after speaker, former super
controller, consultant and recognized expert in dealership internal
controls.
Due to
space constraints, this seminar
is
limited to the first 48 registrants.
Sign
up today!
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City |
Date/Time |
Location |
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Denver |
Thursday, July 26
8 to
11a.m.
(breakfast
included) |
William D. Barrow Building
(CADA/MDADA headquarters)
290 E. Speer, Denver,
SW Corner of
Grant & Speer
CLICK HERE
for seminar flyer and to fax or mail
your registration.
CLICK
HERE to
register online.
|
|
Grand
Junction |
Friday, July 27
8 to
11a.m.
(breakfast
included) |
Doubletree Hotel, 743
Horizon Drive
970.241.8888
CLICK HERE
for seminar flyer and to fax or mail
your registration.
CLICK
HERE to
register online.
|
|
Event
Description |
Date/Time |
Location |
|
CADA Annual Golf
Event |
Monday, Aug.27
-Sponsor Welcome
11:30 a.m.
-Noon shotgun start |
Valley Country Club
14601 Country Club Dr., Aurora
CLICK HERE
for more details on Valley Country Club.
CLICK HERE
for a reminder flyer
to save the date.
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Regional Member
Briefings
|
Fall
2007
Dates
to be determined |
Locations to be determined |
|
MDADA Annual
Membership Meeting |
Tuesday, Nov. 27
11 a.m.
to 2 p.m. |
Cherry Hills Country Club
(more details to follow soon) |
Go ChRysler Jeep West NameD Dealer of the
Year Two Times Running
Congratulations to Go Chrysler Jeep West
of Denver for being awarded the Chrysler's
Dealer of the Year for the Western United
States in both 2005 and 2006.
This
five-star dealership also won the service department of the year award
in 2005.
Their AutoNation showroom is located at 16300 West Colfax Ave. in Golden
near I-70 and 6th Avenue on Colfax, or you can
CLICK HERE
for
more information.
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Summer Interns
Still Available
The Automotive Youth Educational Systems (AYES) is a nationwide
partnership of
dealers and selected high school and technical prep
schools, working together to encourage young people's participation in a
career in the auto industry. Robert C. Sidebottom is the Colorado AYES manager who works
with dealerships and students
on internship programs and educational
endeavors.
He has several students
from Pikes Peak Community College in Colorado Springs who are looking
for auto experience and
are available for interning this summer.
If your dealership is
interested in participating in the summer internship program, contact
Robert at bobsidebottom@msn.com,
or
CLICK HERE
for
more information
on AYES.
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CADA SPeakers
AvailablE For Local Group Events
and TO EducatE the Public
CADA is ramping up to roll out information that can be used
community-by-community
and can provide local presentations at your community service groups, including: Rotary Clubs, Kiwanis Clubs, Lions
Clubs, Optimist Clubs, rtoma, Exchange Clubs, local Chambers of
Commerce and other local civic, social, business, professional and
service organizations. Topics available:
-
Automotive Technology Offers Consumer Choice, Cost-savings and
Alternative Power
-
Congress and
Colorado General Assembly – Review of recent legislative
action and what it means to you, your business and Colorado’s
economy
-
Colorado’s
Small Business – Powering Colorado’s economy with job
creation and growth
-
Auto Fuel
Source
–
Emerging options to include Flex-Fuel (E-85), Hybrids, Clean Diesel,
Hydrogen, Plug-in Electric
-
Colorado’s
Constitution – Ease of change has brought on the
opportunists and crazies! How the easiest to change state
constitution has hurt Colorado’s future
On many auto industry topics, the public is
receiving only part of the story through the mainstream press. CADA is
here to help answer some of their questions on topics the press is
covering, including:
-
Congress is
considering tougher than reasonable increases in CAFÉ (Corporate
Average Fuel Economy) standards, while state-by-state, legislators
consider standards than are
tougher than
the national standards.
-
Colorado’s General
Assembly, just off a session that provided huge incentives for
development of renewable energy, is now considering tougher carbon
emission standards than Congress has enacted nationally.
-
Without doubt, fuel
price increases are changing the way consumers purchase vehicles.
But is the consumer informed of the fundamental changes in
technology and diverse fuel and power sources the automotive
industry has already developed? Consumers, as they have done in
every previous energy cost acceleration scenario, are moving toward
industry-provided alternatives. Yet, the choices for consumers could
become dramatically limited if Congress or the Colorado General
Assembly overreach.
Speakers from CADA are ready to address all the
topics and more! To
schedule local presentations, please
contact Tim Jackson, CADA President,
tim.jackson@cadaonline.org, 303.282.1448.
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LET US KNOW ABOUT YOUR ACCOMPLISHMENTS!
Have you or anyone else at your
dealership won an award recently? Has 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
openroad@cadaonline.org. Also include your contact information
for further follow-up.
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DEALER NEWS
This annual