DEALER NEWS
Need Acrobat Reader
to view linked documents?
The largest freshman class since statehood set off alarms that the 2007 session might be a little rocky, but instead it finished a record five days early.
Capitol veterans described the new lawmakers as bright and bold.
|
|
|||||||||||||||||||||||||||||||||||
|
- Cerberus
Buys Chrysler Group
-
Avery: Grass is Always Greener
If you have questions or suggestions
regarding
Click
here or scroll to the bottom
To save any of the files to your hard drive, right-click on them, select "Save Target As..." and save accordingly.
|
-------------------------------- |
||||||||||||||||||||||||||||||||||
|
CERBERUS BUYS
CHRYSLER GROUP FOR $7.45 BILLION Bernhard won't have role in Chrysler management,
Automotive News, May 14, 2007
MUNICH --
Private equity group Cerberus Capital Management will take control of
the Chrysler group in a transaction valued at $7.45 billion (5.5 billion
euros).
CLICK HERE to read the entire article from Automotive News. For more press coverage of this event, click on the following links:
* * * * * * *
NEW AND USED CAR
SALES UP IN GREELEY The Tribune, May 13, 2007
GREELEY--Despite continued concerns about a sluggish economy, area car dealers
have some cause to celebrate.
CLICK HERE
to read the entire article.
* * * * * * * CAPITOL NEWCOMERS SHOWED NO HESITATION IN GETTING IN THE GAME Rocky Mountain News, May 14, 2007
CLICK HERE to read the entire article.
* * * * * * * AVERY: GRASS IS ALWAYS GREENER The Daily Camera, May 14, 2007
BOULDER -- Clean energy advocates recently found themselves happily amazed at a recent Public Utilities Commission hearing, where Xcel Energy found itself arguing against including additional coal fire plants in its long-term plan to meet Colorado's electricity needs.
These developments over the past year rightly stoke optimism about clean energy and the Boulder area's presumed head-start on developing such a green industry.
CLICK HERE to read the entire article.
* * * * * * * MAY ISSUE OF BULLETIN AVAILABLE Several times a year, CADA
distributes copied of the Bulletin
newsletter to our members. Each issue contains industry information, dates of
upcoming seminars and events,
* * * * * * *
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 will be mailed to CADA members today, or you can CLICK HERE to download an advanced copy.
AMENDMENT 41 UNDER HEAVY FIRE...IN THE COURTS
The organized litigation effort by the First Amendment Council to oppose Amendment 41 began hearings this week in a Denver county court. Judge Christina Habas presided over the trial and was familiar with the nuances of Amendment 41, as she was the same judge who previously presided over the Boettcher Foundation Scholarship fund case.
Throughout the three-day hearing, the First Amendment Council utilized a four-pronged attack to expose the glaring flaws of Amendment 41, using former Colorado Supreme Court Justice Jean Dubowski, as well as Doug Freidnash, Susan Fisher, and John Tanner of Fairfield and Woods. Each specialized in precise portions of the hearing relating to key constitutional violations.
The First Amendment Council concentrated their attack on constitutional grounds, citing violations of pure free speech, freedom of association, and of the single-subject rule regarding the ballot initiatives. The single-subject rule requires an amendment to be narrowly focused and contain a singular topic to be specifically addressed by the amendment. Amendment 41 implemented a gift ban, created an ethics commission and developed a revolving door provision that prohibits legislators from lobbying for two years following their exit from office.
A decision by Judge Christina Habas is expected by May 18 as to whether to grant an injunction to stay Amendment 41 thereby halting its enforcement and moving the issue up to the Colorado Supreme Court to determine its constitutional impact and its ultimate fate.
MOTOR VEHICLE DEALER BOARD (MVDB) UPDATE The Motor Vehicle Dealer Board (MVDB) held its regular, monthly meeting on Thursday, May 10. There were a number of items covered in the New Business/Discussions topic typically included at the end of each meeting for general board discussion. Highlights are included below:
§
International Truck & Engine: Reconsideration of manufacturer's application
CLICK HERE to
review a March 14 Open Road article that also
includes a copy of
§
Motion
to drop rulemaking process due to various new laws enacted in the (2.4) "BUSINESS INCIDENTAL THERETO" MEANS A BUSINESS OWNED THE MOTOR VEHICLE DEALER OR USED MOTOR VEHICLE DEALER RELATED THE SALE OF MOTOR VEHICLES, INCLUDING, WITHOUT LIMITATION, MOTOR VEHICLE PART SALES, MOTOR VEHICLE REPAIR, MOTOR VEHICLE RECYCLING, MOTOR VEHICLE SECURITY INTEREST ASSIGNMENT, AND MOTOR VEHICLE TOWING. (b) Whether or not a Wholesaler can consign motor vehicles to dealers. The primary dispute was on the potential for abuse of consignments by manufacturer-owned wholesalers that would circumvent the franchise laws if applied broadly and included new cars. However, the primary driver of this issue was the International Truck case, so in light of the recent court ruling that now allows a manufacturer-owned wholesaler to consign used cars, but not new ones, the main controversy has been put to rest.
§
New
rulemaking on whether a deferred judgment
is considered a conviction.
§ Motion to pursue two legislative changes in the 2008 legislative session:
1.
Title delivery:
the board voted to put research and effort behind a legislative change
to require for any lender who originates an auto loan in Colorado, that
upon receipt of certified funds paying off such loan that the lender is
required
2.
Online temporary permits:
The board voted to put research and effort behind
CLICK HERE to access the Motor Vehicle Dealer Board section of the AID web site. Agendas for upcoming meetings are posted here. These are public meetings--anyone can attend.
* * * * * * * NADA ISSUES GUIDANCE ON ADVERSE ACTION NOTICES
---------------------------------------------------------------------------------------------------------------------
If you have additional questions on any legal or regulatory topics, please contact either Tammi McCoy or Tim Jackson:
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: Financial
statements Repair orders Parts stock
order figures Vehicle
inventory and used vehicle appraisals 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
We
strongly encourage you and your key managers
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
to register online for this three-day seminar.
* * * * * * *
CONTROLLING WORKERS' COMPENSATION COSTS  The key to lower workers’ compensation costs is an “effective” safety and loss prevention program. Workers’ Compensation is often your dealership’s second leading employment related expense! This May, CADA, Wells Fargo Insurance Services (formerly Acordia), and Pinnacol Assurance will present a safety seminar on Five Ways to Reduce Your Dealership Workers’ Compensation Costs.
Plan to attend this seminar and learn FIVE proven methods of reducing your cost. Members who earn the certification will be eligible for a discount on their premium but more importantly, it demonstrates your commitment to protecting the safety and welfare of your employees. Attendees will also learn about the following:
This seminar will be
presented by Dave Campbell, Wells Fargo Insurance Services
* * * * * * *
SECRETS TO CREATING A SUPER CONTROLLER
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!
upcoming events
CADA SPeakers
AvailablE For Local Group Events 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, Sertoma, Exchange Clubs, local Chambers of Commerce and other local civic, social, business, professional and service organizations. Topics available:
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:
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.
* * * * * * *
LET US KNOW ABOUT YOUR ACCOMPLISHMENTS!
|
|||||||||||||||||||||||||||||||||||
|
If you want to be added to our mailing list, please
click
here. |
|||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||
