• • LIEN RELEASE TITLE
• • NADA'S DIRECTOR COLUMN
• • THE OSTRICH APPROACH
• • ROADRUNNER NEWS
• • ASE FALL TESTING
• • JD POWER UPDATE
• • VEHICLE SEGMENTS
• • CALIFORNIA GOVERNOR SIGNS DRIVERLESS CAR BILLS
• • SCAM ALERT: CORPORATE RECORDS SERVICE

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In our July 26th bulletin, we told you about newly enacted IADA-sponsored legislation that created a $20 lien release certificate of title.  An Illinois dealer can apply for a lien release certificate of title if a customer trades in a vehicle and the dealer is unable to obtain the vehicle title, but is able to obtain proof that all liens on the vehicle have been satisfied.  The lien release title will save the dealer the time it takes for a slow-moving lienholder to deliver the certificate of title and allow the dealer to sell traded-in vehicle without delay.

 IADA is working with the Secretary of State’s Office and CVR to develop an electronic application process for the lien release certificate of title and will announce when it becomes available.

Until an electronic application becomes available, to apply for a lien release title:

FOR A VEHICLE LAST TITLED IN ILLINOIS
1.  Submit an Application for Vehicle Transaction (VSD-190) with the DUPLICATE TITLE and CORRECTED TITLE boxes marked.
2.  Do not change the recorded owner on the title application.
3.  Use the dealership address in the mailback instructions.
4.  Leave the lienholder box blank.
5.  Include a copy of the lien release letter, which must include the vehicle owner(s) name(s), the year, make, and Vehicle Identification Number of the vehicle, and a statement that the lien has been paid in full.
6.  Get the owner’s signature, directly or via a Power of Attorney.
7.  Submit a $20 fee (or $50 if you want it expedited)
8.   In the case of a trade-in with a non-Illinois title, you must also include verification of the last known out of state address of the owner in the address field of the application.

FOR A VEHICLE LAST TITLED IN ANOTHER STATE
1.  Submit an Application for Vehicle Transaction (VSD-190) with the TITLE ONLY box marked.
2.  Do not change the recorded owner on the title application.
3.  Use the dealership address in the mailback instructions.
4.  Leave the lienholder box blank.
5.  Include a copy of the lien release letter, which must include the vehicle owner(s) name(s), the year, make, and Vehicle Identification Number of the vehicle, and a statement that the lien has been paid in full.
6.  Get the owner’s signature, directly or via a Power of Attorney.
7.  Submit a $20 fee (or $50 if you want it expedited)
8.  In the case of a trade-in with a non-Illinois title, you must also include verification of the last known out of state address of the owner in the address field of the application.

If you have any questions about the lien release certificate of title, please contact IADA at (217) 753-0220.

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NADA Update (October 2012) – Jamie Auffenberg Jr., St. Clair Auto Mall, O’Fallon, IL

NADA Launches National Ad Campaign Against Stair-Step Incentive Programs
NADA kicked off a national print ad campaign Sept. 10 detailing the many negative aspects of manufacturer stair-step incentive programs. The full-page ad, “Stair-Step Incentive Programs are Bad for the Auto Industry,” began running in the Sept. 10 edition of Automotive News. The ad points out that “stair-step programs create too many negatives to justify their use.” Stair-step programs “harm brand credibility; hurt dealers of all sizes; undermine relationships between dealers and their customers; have an adverse effect on CSI scores; and destroy consumer confidence in dealers – and in manufacturers’ brands.” The ad concludes: “There are better ways to structure incentives.” Click here to view the ad.
Editor’s note: Send an email to stairsteps@nada.org to tell us what you think about these programs and other manufacturer intrusions into dealers’ businesses. All messages will be kept strictly confidential.

• Video: Batey Says GM Will Improve Communications with Dealers
  
• Advance Registration Now Open for NADA Convention
  
• Early-Bird Registration Discount for ATD Convention Ends Oct. 5
  
• Used Vehicle Trade-in Equity on the Rise
  
• NADA Adds Certified Pre-Owned Values to ‘Used Car Guide’
  

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Sticking your head in the sand won’t protect you from getting burnt. Just because you can’t see fire hazards, doesn’t mean they’re not there. Still, many business owners believe a fire will never damage their company—after all, those things always happen to the “other guy.”

More than 480,000 “other guys” had their buildings damaged by fire in 2011.* In fact, Federated Insurance has seen a significant rise in the number of policyholders experiencing fire losses in recent years. If you don’t identify and control fire hazards at your business, you run the risk of becoming part of these harrowing statistics.

Physical damage is only one part of a fire's potential impact.  Consider the emotional toll the flames can have on displaced workers and confused customers. And, most importantly, the possibility of employees being injured or killed.

After analyzing fire claims data from 2011, Federated identified the four most frequent causes of workplace fires:

• spontaneous combustion
• faulty electrical circuitry and equipment
• careless smoking
• improper handling and storage of flammable liquids

The analysis also revealed that many of the fires were preventable. Do you have a plan to protect your business from going up in smoke? If not, National Fire Prevention Week, running October 7 – 13, is the perfect time to get the ball rolling.

Don’t take the ostrich approach in 2012. Contact your local Federated representative for a fire prevention checklist and help developing a fire prevention program at your business. Call 1-800-533-0472 or visit www.federatedinsurance.com to find your nearest representative.

*NFPA “The U.S. Fire Problem.” www.nfpa.org. Accessed 9/11/2012 

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In September the small car segment saw the biggest improvement, with sales up 49.9 percent over September 2011. The segment sold 240,288 units, which contrasts with the 160,334 units it sold in the same month last year.

The midsize car segment sold 278,935 units and was up 15.8 percent over last September, while the SUV/crossover segment maintained its lead with sales of 355,063 vehicles – a 7.6 percent improvement over the same month last year. The pickup segment saw a 3.4 percent sales decline compared to last year, while the luxury car segment fell 1.2 percent.

 

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