F&I Resource Center Goes OnlinE
The F&I Resource Center is now online at www.cadaonline.org/resourcecenter.htm. Through this in-house department, CADA is able to provide a full suite of products to member dealers, including:
CADA-specific GAP protection from a well-known and respected insurance provider, offering no MSRP limits on new vehicles and no NADA book value limit on used vehicles, 100 percent Colorado and major lender form, term and coverage approved.
Colorado-based tire and wheel protection program that has full, listed, coverage for curb impact damage, no limits to replacement, roadside assistance coverage built in, and includes rate breaks for CADA members.
Chemical and theft protection products designed for our dealers for protection of the inside and outside of vehicles as well as the safety and security of those vehicles.
Many training courses are coming soon for F&I sales tactics and F&I compliance, as well as, sales associate tactics and the “SMART” ways to sell and build on going sales.
More to come! In the future, CADA will release programs for customer windshield protection, ID theft protection among others. Stay tuned and keep a look out for what’s next from your association.
For more information, please contact Chad M. Julius at 303.831.1722 or via e-mail at chad.julius@cadaonline.org.
* * * * * * * * *
Listed here are several articles pertaining to the auto industry that appeared recently in newspapers and other media outlets across the nation.
Colorado looks at union issues for 2008 legislative session
Colorado Springs Gazette, Oct.
7
An
anti-union
ballot
initiative
in
the
works,
coupled
with
ongoing
talks
between
Gov.
Bill
Ritter’s
office
and
a
public
employees
union,
have
some
at
the
Capitol
questioning
whether
the
labor
battles
that
marked
this
year’s
General
Assembly
could
resurface
in
2008.
Consumer borrowing up sharply in August
EPA fines
Sunnyvale auto
dealer for air
violations
KPIX-CBS5
TV, Oct. 3
SAN
FRANCISCO
-
A
Sunnyvale
car
dealership
has
been
fined
$37,700
for
alleged
violations
of
the
federal
Clean
Air
Act,
the
U.S.
Environmental
Protection
Agency
announced
Tuesday.
Former Toyota man, Jim Press, now pressing changes at Chrysler That's the inescapable conclusion from an hour-long breakfast chat Friday with Jim Press, the irrepressible 37-year Toyota Motor Corp. veteran whom Cerberus Capital Management hired to join its all-star executive team at Chrysler.
UAW talks with Chrysler making progress
Negotiators with the UAW and Chrysler LLC have made progress on efforts to reach a new 4-year labor contract, but a person briefed on the talks said today that much work remains.
GOP presidential
debate to focus
on Big Three
issues
Detroit
News, Oct. 5 WASHINGTON -- The future of the struggling domestic auto industry will be front and center Tuesday when nine Republican GOP candidates debate economic issues in the shadow of Ford's world headquarters in Dearborn.
Insight's value
a telling sign
The
original
hybrid
gas-electric
car,
the
Honda
Insight,
is
about
to
have
a
senior
moment
that
could
show
us
what
the
future
holds
for
the
fleet
of
hybrids
that
followed
the
revolutionary
little
car
onto
the
road.
CADA
forwards news articles and opinion columns of interest through Open Road
AP-MyFox Colorado, Sept. 29
WASHINGTON -- Consumers have boosted their
borrowing at the fastest pace in three months,
turning increasingly to their credit cards to replace
home equity loans as a source of ready cash.
Detroit Free Press, Oct. 7Hang onto your hats in Auburn Hills. The winds of change are gusting at Chrysler LLC.
Detroit Free Press, Oct. 7
Detroit Free Press, Oct.
7
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..
GOP CANDIDATES TO FOCUS ON AUTO
ISSUES
By CAR lobbyist Jeremy Cottrell
No
one would argue that there
are a handful of contentious
issues candidates will
debate over on the path to
the White House. Obvious
issues are the situation in
Iraq, health care reform,
education and environmental
concerns. The widespread
emphasis on “green living”
has also established itself
as a major platform
candidates must consider.
This week GOP candidates
will square off in the most
appropriate of
venues—Detroit. The
Big Three are not only
sponsoring the presidential
debate, but also showcasing
vehicles as well.
Fred
Thompson, Rudy Giuliani,
Mitt Romney, and John McCain
will get a
chance to weigh-in on the
current state of
the automotive industry and
their perspectives on
critical issues such as fuel
efficiency, CAFE standards,
carbon emissions, emerging
technologies, and
marketplace demands.
As Congress debates the hotly-contested issues of CAFE standards and how they should be enforced, advocates and opponents of government involvement have emerged to state their case. While the debate will mainly focus on the status of the automotive industry, other issues are sure to include fiscal discipline and overarching economic matters.
Candidates’ position on how to approach the complicated dynamics of the auto industry will shed important light on individual candidate’s overall business acumen. Mitt Romney is a heavy favorite within the auto industry, as his father was president of AMC Motors and governor of Michigan. Additionally, Romney kicked-off his campaign in the Henry Ford Museum.
Among the vehicles to be showcased at the debate are the Town and Country minivan and Jeep Wrangler from Chrysler, the Chevy Malibu Hybrid and Cadillac CTS from GM and the Escape Hybrid, and a yet-to-be-determined vehicle from Ford.
FEDERAL EMPLOYMENT VERIFICATION: GUIDANCE ON NO MATCH LETTERS**
NADA Regulatory Review, Summer 2007
DHS Issues Guidance on No-Match Letters
The Department of Homeland Security (DHS) has issued guidance, effective Sept. 14, 2007, describing safe harbor procedures for new hires and, in particular, how to address “no match” letters from the Social Security Administration (SSA) and DHS.
Dealerships may receive “no-match” letters when employee names or Social Security Number (SSN) information on I-9 Employment Eligibility Verification or W-2 forms do not match government records. “No-match” letters should not be ignored and identified discrepancies should be addressed within 90 days. If a discrepancy persists, the dealership may have to terminate the subject employee or risk a finding by the DHS that it had constructive knowledge of an illegal alien being employed. To avoid sanctions, including penalties, dealerships receiving “no-match” letters should:
-
Check the employee’s file to see if the discrepancy is due to a clerical error.
If so, make corrections and inform the SSA within 30 days. To verify the SSN,
call the SSA at 800/772-6270, or go to www.ssa.gov/employer/ssnv.htm or www.ssa.gov/employer/ssnvadditional.htm. Record the manner, date, and
time of SSN verifications in employee files. -
If the discrepancy is not due to clerical error, require the employee to confirm
that the dealership’s records are correct. If possible, make corrections and
inform relevant agencies within 90 days or complete a new I-9 form without
the suspect SSN using employee documentation that conforms with the I-9
identity requirements, including photograph and other biographic data. Where employees claim records are correct, require them to pursue the matter
personally with the relevant agency within the 90-day window. Dealerships
should not assume that a discrepancy is the result of any wrongdoing on the employee’s part nor take action against the employee based simply on the
receipt of a “no-match” letter.
DHS has a Safe Harbor Information Center addressing “no-match” questions:
www.ice.gov/partners/safeharbor/index.htm. Inquiries also may be directed to 800.421.7105. For general information on I-9 forms, please obtain and review NADA’s publication L. 21-E, A Dealer Guide to Compliance with the Immigration Reform and Control Act of 1986.
**Note: While the “no-match” letter enforcement process has been challenged in general courts by the AFL-CIO and others, NADA recommends that dealers adhere to these new guidelines.
* * * * * * * * *
TITLE PROCESSING: PUEBLO
COUNTY DISCONTINUING USE
OF
THE DR 2842 - SVID
SUPPLEMENTAL FORM
Pueblo County has announced that it will discontinue acceptance of the DR 2842 – Secure and Verifiable ID Supplemental form. This form was originally developed and put in place by the State Titles and Registration Section to provide a form to capture this information, while the other standard title processing forms could be updated to include the same information. While the state (nor any other county of which we are aware) has not announced any cut-off date of this supplemental form, counties can always implement their own requirements regarding such forms, depending upon the advice of their attorney. Pueblo county has been advised by their attorney to move away from this form. For now, Pueblo has indicated they will not reject paperwork yet due to the DR 2842, but dealerships should begin moving away from using this form when selling to customers who reside in Pueblo County.
As a reminder, for use at all other counties, the latest DR 2842 has a revision date of May 23, 2007, and can be found at the following: www.revenue.state.co.us/mv_dir/formspdf/2842.pdf
----------------------------------------------------------------------------------------------------------------------
If you have questions on any legal or regulatory topics, please contact:
-
Tim Jackson, President, tim.jackson@cadaonline.org, 303.282.1448
-
Tammi McCoy, VP, tammi.mccoy@cadaonline.org, 303.282.1449
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
|
Topics |
City |
Date/Time |
Location |
Sales Associate Training and Education by Jan Kelly of Kelly Enterprises Inc. |
Denver |
Seminar dates changed. Registration material to come soon...stay tuned!
Tuesday, Nov. 13 and
Wednesday,
Nov. 14 |
William D. Barrow Building (CADA Headquarters) 290 E. Speer Blvd, 80203 (SW Corner of Grant/Speer) CLICK HERE for more information on the F&I Resource Center, or contact Chad Julius for registration information at 303.319.8039 or chad.julius@cadaonline.org |
Adverse Action Notices: What You Need To Know NADA Webinar |
Online |
Tuesday, Oct. 23 11 a.m.-1 p.m. MST (1-3 p.m. EST) |
CLICK HERE to register. The fee is $199 per computer connection. Email any questions to seminars@nada.org or call 703.821.7273. |
MARK YOUR CALENDAR: GET AWAY WITHOUT GOING AWAY
Supporting CADA is your
ticket to
an exciting weekend
at the Broadmoor Hotel
in Colorado Springs, Nov. 10-11.
More details to come soon!
Event Description | Date/Time | Location |
CADA Regional
Meetings
_______
MDADA |
Colorado Springs, Pueblo, Durango, and Grand Junction meetings are THIS WEEK!
Loveland, Boulder,
CLICK HERE for a
full list of meeting
locations,
Tuesday, Nov. 27 |
rsvp@cadaonline.org
* Please note different RSVP for Colorado Springs and Pueblo meetings. _______
Cherry Hills Country
Club
Attendees can register
through |
CADA Legislative Policy Committee – Planning Session for 2008 Legislative Agenda |
Thursday, Oct. 25 |
William D. Barrow Building (CADA Headquarters) 290 E. Speer Blvd, 80203 (SW Corner of Grant/Speer) |
NADC (National Association of Dealer Counsel) Fall Workshop |
Oct. 15-16 NADC membership required. CADA strongly encourages membership in NADC. |
Hermitage Hotel, |
Get Away Without Going Away 2007 | Nov. 10-11 |
The Broadmoor Hotel Colorado Springs More details and invitation available soon! |
NADA 91st Annual Convention & Expo | Feb.9-12, 2008 |
Moscone Center, San Francisco, CA |
Denver International
Auto Show |
March 26-30, 2008 | Colorado Convention Center, Denver |
CADA Golf Event |
Monday, Sept. 8, 2008 |
Columbine Country Club 17 Fairway Lane Columbine Valley, 80123 |
GRAND JUNCTION CHRYSLER-JEEP DEALER GRADUATES FROM
NADA/ATD DEALER CANDIDATE ACADEMY
Michael Edwards, Grand Junction Chrysler-Jeep, recently graduated from the Dealer Candidate Academy of NADA. This specialized training curriculum is designed to prepare
dealer-successors and key management personnel to operate a new car
or truck dealership.
NADA/ATD Dealer Candidate Academy is
an
intensive, 12-month
apprenticeship course in
dealership management. Six weeks
of classroom
study are combined
with 45 weeks of in-dealership
training to prepare students for
dealership management positions.
CLICK HERE
for more information on
the NADA Dealer Academy.
* * * * * * * * *
Colorado
Auto dealers Tie one on for
the PiNk Ribbon Foundation
The Colorado-based Pink Ribbon Foundation yet again made another out-of-towner extremely happy. Their 7th Annual Power of Pink Gala was held Saturday, Sept. 29 to raise money for the University of Colorado Hospital’s Anschutz Cancer Pavilion cancer patients,
For the second year in a row, they raffled off a 2007 Porsche Boxster provided by Porsche of Colorado Springs and charter sponor Don Hicks. The odds were great at 1 in 1000 chance to win, and tickets were flying like hot cakes Saturday evening as the drawing was approaching the 9 p.m. hour. In fact, tickets sold out completely right before their special guest speaker, Baby Einstein founder Julie Aigner-Clark, pulled the winning ticket.
So who was the lucky person? It happens to be the brother of UCH worker Patty Polsky, Paul. He bought ONE ticket online, going to show it only takes one to win. Paul is a retired United Airlines Pilot and lives in Foster City, Calif. His mother is a 50 year cancer survivor, and Paul’s sister, Patty, is a 12 year survivor.
The live auction was presented by the Front Range Subaru Dealers and Subaru Southwest Region, featuring the auction of a 2008 Subaru Outback 2.5i Ltd. A Breckenridge man won the bid on the car, bringing in $26,000 to the Foundation.
The Pink Ribbon Foundation has donated more than $300,000 to the hospital since 2004 and has helped more than 1,200 cancer patients. For more information on how you can get involved in this cause, visit their website at www.thepinkribbon.org.
* * * * * * * * * * **
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 milestones@cadaonline.org. Also include your contact information for further follow-up.