| |
|
|
2013 IADA OFFICERS
Chairman
Gary Knight
Carmack Car Capitol
Danville
Vice Chairman
Mike Mangold
Mangold Ford
Eureka
Treasurer
Dave Taylor
Taylor Chrysler Dodge, Inc.
Bourbonnais
Secretary
Sam Roberts
Roberts Motors, Inc.
Alton
President
Peter Sander
IADA
Springfield
IADA Staff Contacts:
Ph# 1-800-252-8944
Pete Sander
President
Ext. 103
psander@illinoisdealers.com
Larry Doll
Legal
Ext. 105
ldoll@illinoisdealers.com
Mark Harting
Administrative Services
Ext. 110
mharting@illinoisdealers.com
Mike Healey
Member Services
Ext. 107
mhealey@illinoisdealers.com
Joe McMahon
Legislative
Ext. 113
jmcmahon@illinoisdealers.com
Meghan Sander
Member Communications
Ext. 109
msander@illinoisdealers.com
|
|
| |
|
|
Your
IADA
Partner
Moving Vehicle Registration Into The Future
(click logo for more details)
Upcoming Webinars
January 10th
Ted Fellows
Parts eCommerce - How (and if) Your Dealership Can Profit by Selling Parts Online (12 PM CST)
January 17th
Joseph Roznai, CPA
Sales Tax Audits in Dealerships...Large 6 & 7-Figure Judgments are Becoming More Common- Prepare Now! (12 PM CST)
January 16th
George Magda
How to Email, Exchange, and Re-Target Using Facebook Platform (11 AM CST)
January 31st
Hannah Crawford
Recycling: Going Green while Staying Safe and Compliant (11 AM CST)
Upcoming Events
IADA/CATA Conference
April 3-7, 2013
Marco Island Marriott Beach Resort Golf Club & Spa
Marco Island, Florida
|
|
|
January 10, 2013 Vol 2013, Issue 1
| |
2013 IADA BOARD CHAIRMAN GARY KNIGHT
|
|
| |
 Gary Knight, President, Carmack Car Capitol in Danville, Illinois was elected the 2013 Chairman of the Board of the Illinois Automobile Dealers Association, during its annual meeting for the election of officers held in Chicago, November 2012.
He began his involvement with IADA being elected to the Board of Directors in 2007, representing dealers in the Danville area. Gary previously held the position of Vice Chairman, Secretary and Treasurer in addition to serving on the IADA Executive Committee.
Gary is a graduate of Southern Illinois University in Carbondale, IL. He has been the hands on owner-operator of Carmack Car Capitol for thirty-seven years. Gary has been a Honda franchised car dealer since 1976, and a Hyundai franchised dealer since 1991. In addition, he has 5 used car locations, owner of Danville NAPA Superstore, World Class Clean Detail & Lube, and NAPA Auto Care.
In the community, Gary is involved with the Danville Economic Development Commission, and Keep Vermillion County Beautiful. He is also a member of the Central Honda Advertising Council.
Gary resides in Danville, IL with his wife Kima. Gary and Kima have 3 daughters: Kacy, Kelly, and Karlee. On behalf of our IADA membership we congratulate Gary Knight on his election and look forward to working with him as your 2013 IADA Board Chairman.
 We offer our congratulations to these Dealers who were elected to serve as IADA Officers in 2013. Pictured, from left, are Mike Mangold of Mangold Ford in Eureka, Vice Chairman; Gary Knight of Carmack Car Capitol in Danville, Chairman; Dave Taylor of Taylor Chrysler Dodge in Bourbonnais, Treasurer; and Sam Roberts of Roberts Motors in Alton, Secretary.
|
|
|
Top
|
| |
CONGRATULATIONS TO JIM LOMBARDI
|
|
| |
 On behalf of the IADA Board of Directors and Staff we offer our congratulations to Past Chairman Jim Lombardi, Lombardi Chevrolet, for his outstanding service and leadership to IADA during his term as Chairman in 2012. Jim will be recognized during the IADA/CATA Annual Spring Conference to be held in Marco Island, FL, April 3-7, 2013, at the Marriott Marco Island Resort & Spa.
|
|
|
Top
|
| |
MOTOR VEHICLE REGISTRATION FEE INCREASE BEGINS MARCH 1ST
|
|
| |
Beginning March 1, 2013, the registration fee for 1st division vehicles, including motorcycles, and 2nd division vehicles weighing 8,000 pounds or less will increase by $2. This increase will bring the total registration fee to $101. If you complete vehicle registrations on CVR, the correct fee will be automatically calculated when the fee changes on March 1. If you have any questions about the registration fee increase, please feel free to contact IADA at (217) 753-0220.
|
|
|
Top
|
| |
EPA RULES UPHOLD THE BURNING OF USED OIL IN SPACE HEATERS
|
|
| |
On December 21, EPA made clear that used oil space heaters often found in dealership service departments are not regulated by its new area source boiler rules. EPA also noted how its new rules apply to the used oil dealerships sometimes ship off-site. Specifically:
1. On-spec used oil fuels are not regulated “wastes.”
2. Off-spec used oil fuels are regulated “wastes” unless destined for burners designed to burn coal.
Bottom line, EPA’s new rules support the burning of used oil (including used oil collected from do-it-yourselfers (DIYs) in space heaters vented to the atmosphere and below 500,000 BTUs in size. Dealership used oil generally is on-spec; however dealerships that send used oil off-site for fuel processing should attempt to avoid contamination during storage and consider separately storing/shipping any DIY used oil collected. Dealerships must be willing to collect DIY used oil to be eligibile for the federal used oil Superfund exemption.
Questions on this matter can be directed to NADA Regulatory Affairs at 703.821.7040 or regulatoryaffairs@nada.org.
Gary Reynolds
Chairman, NADA Regulatory Affairs
|
|
|
Top
|
| |
NADA'S DIRECTOR COLUMN
|
|
| |
NADA Update (January 2013) - Jamie Auffenberg Jr., St. Clair Auto Mall, O'Fallon
LET’S KEEP THE MOMENTUM GOING.
Sharpen your game plan for the year ahead at the NADA Convention and Expo.
New-car and light-truck sales are leading an economic recovery. Sales were up 13 percent in 2012, reaching nearly 14.5 million vehicles. It was the best sales year since 2007.
The good news is several factors that led to stronger sales in 2012, such as pent up demand, an aging vehicle fleet and the availability of low financing rates on auto loans, are expected to contribute to higher sales this year as well.
In business, just like sports, momentum can be a game changer or it can shift on a dime with undesirable results. Sports also teach us the importance of teamwork to achieve and maintain success.
So, how can individual dealerships across the country keep the momentum going?
One way is to stay focused on the things we can control. Looking ahead, the NADA Convention and Expo in Orlando, Feb. 8-11, offers dealers a significant opportunity to build on the momentum we established last year.
In fact, “Momentum” is the theme of the convention. Passion for knowledge, increasing productivity and motivation are all key components of sustaining positive momentum.
There’s a lot to learn at the NADA convention, not just for dealer principals but key dealership staff as well. We’re strongly encouraging dealers to bring a team of employees, including general managers, CFOs, F&I personnel and sales, service and parts managers.
The entire lineup of convention workshops – which are new – will provide dealers and their managers with solutions they can implement right away; dealers can meet face-to-face with automaker executives at the franchise meetings to set goals and objectives for the year; and hundreds of companies will be exhibiting innovative products and services for dealerships on the expo floor.
Invest in your future. Brighter days are ahead. Let’s keep the momentum going.
We look forward to seeing you in Orlando.
For more information or to register, visit www.nadaconventionandexpo.org.
Click here for a complete copy of the NADA Update including the following topics:
• Dealer Alert: Are You in Control of Your Data?
• NADA Issues Guidance Regarding Factory Communications
• Medicare Tax Increase Begins Jan. 1, 2013
• FCC Allows Opt-Out Confirmation Texts
• FTC Proposes Limited Changes to Used Car Rule
• NADA Convention Offers 61 New Workshops for Dealers and Managers
• NADA 2013: Manage Your Convention Schedule with ‘myNADAplanner’
• Used-Vehicle Prices Close Out 2012 on Strong Note
• New-Car Dealers Breathe Life into NADA Foundation’s CPR Manikin Donation Program
• 2012 Dealership Workforce Study Industry Report Now Available
• All NADA University Webinars Complimentary in 2013
|
|
|
Top
|
| |
"FISCAL CLIFF" LEGISLATION MAKES PERMANENT ESTATE TAX LAW, EXTENDS BONUS DEPRECIATION
|
|
| |
On December 31, the Senate voted overwhelmingly on a bill to prevent the expiration of most of the 2001 and 2003 tax cuts that had been first extended in 2010. The House followed suit on January 1; the bill is expected to be signed by the President soon.
Of particular interest to dealers in the legislation:
• The estate tax is set at a permanent level of a $5 million per spouse exemption, indexed for inflation, and a 40% rate, which is a significantly more favorable regime than the $1 million exemption and 55% rate that would have become law without Congressional action. The law preserves indexing of the exemption as well as portability of the unused exemption between spouses. Additionally, other estate planning techniques such as valuation discounts were not changed by the law.
• The law increases marginal rates on adjusted gross income above $400,000 ($450,000 for married couples filing jointly), but permanently retains all other personal rates from the 2001 tax law.
• The new law sets capital gains and dividends at 20% for the higher income brackets and 15% for all other individual taxpayers.
• The Alternative Minimum Tax will be permanently patched.
• 50 percent bonus depreciation was extended for 2013, which should boost sales of business-use vehicles, and help dealers in purchasing equipment for their dealerships.
• Repeal of the LIFO accounting method was not included in the bill, and was not put on the table as a revenue raiser in this round of negotiations.
This legislation marks the starting point for further debates in the 113th Congress on taxes and spending, which will provide both challenges and opportunities for dealers.
Source: NADA Government Relations
|
|
|
Top
|
| |
FTC REJECTS CONSUMER GROUPS' PROPOSED CHANGES TO COOLING-OFF RULE
|
|
| |
The Federal Trade Commission (FTC) has completed its systematic review of the Cooling-Off Rule and decided that no changes to the rule are warranted except for potentially increasing the monetary threshold at which the rule applies.
The Cooling-Off Rule requires sellers who are engaged in door-to-door sales of consumer goods or services, with a purchase price of $25 or more, to provide the buyer with certain oral and written disclosures regarding the buyer’s right to cancel the contract within three business days from the date of the transaction. Among other exclusions, the Rule exempts “sellers of automobiles, vans, trucks or other motor vehicles sold at auctions, tent sales or other temporary places of business, provided that the seller is a seller of vehicles with a permanent place of business.” The FTC’s sole proposed change to the rule would increase the threshold at which the rule applies from $25 to $130 to account for inflation that has occurred since the FTC first issued the rule in 1972.
During the comment period that preceded the FTC’s rule review, several consumer groups filed a joint written comment with the FTC that proposed several changes to the rule, such as (i) removing the exemption for motor vehicle sales at temporary locations, (ii) expanding the rule to cover used car sales at any location, including sales at the dealer’s premises, and (iii) prohibiting arbitration agreements in door-to-door sales contracts. However, consistent with a comment filed by NADA, the FTC declined to propose these changes. In support of its determination, the FTC cited the existence of other legal remedies that address the consumer groups’ concerns, the fact that the rule was never intended to be applied as broadly as that proposed by the consumer groups and, in the case of arbitration agreements, the consumer groups’ failure to present evidence “to show that there is any widespread abuse of arbitration agreements occurring within the door-to-door sales industry that might warrant a provision addressing the use of arbitration agreements.” (Keep in mind that the FTC’s determination on arbitration agreements under the Cooling-Off Rule is separate from the Consumer Financial Protection Bureau’s current study of such agreements under the Dodd-Frank Act.)
The FTC’s announcement that no substantive changes to the Cooling-Off Rule are warranted is available here.
|
|
|
Top
|
| |
REGISTRATION OPEN FOR THE - IADA/CATA DEALER CONFERENCE
|
|
| |
.jpg)
Don’t miss your chance to register for IADA/CATA’s Annual Dealer Conference, April 3-7, at the beautiful Marco Island Marriott, Marco Island, Florida. IADA and CATA host the Annual Conference to bring dealer and industry leaders together for an opportunity to meet with both Associations’ leadership and the NADA Chairman. The event provides an excellent format to discuss current industry issues.
Please click the links to view the tentative agenda and registration form. |
|
|
Top
|
| |
LIFE CAN BE UNPREDICTABLE, BUT DISABILITY INSURANCE CAN HELP
|
|
| |
Are your employees prepared for a disability? One of your employees’ most vital assets is their ability to earn an income. Being unable to work due to an injury or sickness can contribute to emotional, physical, and financial issues. This is a concern because more than half of U.S. workers have no disability coverage. Yet almost one-third of Americans entering the work force today (3 in 10) will become disabled before they retire.
Think about where your employees’ paychecks go:
• Mortgage or rent
• Car payments
• Groceries and gasoline
• Credit card and insurance payments
• Tuition and student loans
With many Americans living paycheck to paycheck, going without one for any significant amount of time could cause unwanted financial concerns. Disability insurance can help provide a way for employees to continue their earning when kept away from work for an extended period of time due to a disability, with no additional costs to employers.
Beside the ease of mind, a good group disability insurance plan features:
• Benefits paid directly to employees so they can use the money however they see fit.
• A portion of the benefit is paid if employees are able to return to work part-time.
• Guarantee to issue for first-time eligible employees without answering health questions.
• Waiver of premium benefits while an employee is disabled.
70% of working Americans do not have enough savings to meet short-term emergencies. As the employer, you can help your employees be prepared for unpredicted and unwanted emergencies by adding disability insurance to your benefits program. American Fidelity Assurance Company’s Disability Income Insurance can be a cost-effective solution to both you and your employees. To learn more about American Fidelity’s Disability Income Insurance and other benefits we offer, please contact: Rick Rosemeier, District Manager, ph# 800-450-3506, ext. 3004, Rick.Rosemeier@af-group.com
Source: American Fidelity Assurance
|
|
|
Top
|
 
|
