| |
|
|
Visit Our Website
www.IllinoisDealers.com
Join our mailing list!
Do you know of other member dealership employees who should be receiving the IADA Electronic Bulletins? Let us know! Send an email to Meghan Sander (msander@illinoisdealers.com), Director of Communication, with the contact information of people who should be on our distribution list.
|
|
| |
|
|
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
Chuck Hartlé
New Parts Pricing Strategies to Profitably React and Adjust to New Factory Parts Systems & Initiatives (12 PM CST) - Click HERE to register!
June 25th
Steve Nickelsen's
How to Fine-Tune the Used Vehicle Department to Spot Weaknesses and Superchargge Results (12 PM CST) - Click HERE to register!
.jpg)
June 19th
Mike Haeg
Go from Zero to Hero with Simple Phone Processes and Metrics (11 AM CST)
Click HERE to register!
June 26th
JD Rucker
Penguin 2.0: What You Must Know About Google's Latest SEO Update (11 AM CST)
Click HERE to register!
|
|
|
June 13, 2013 Vol 2013, Issue 11
| |
LEASE TAX BILL (HB 2317) UPDATE
|
|
| |
HOUSE BILL 2317 (HB2317 Fact Sheet) which changes the tax base for motor vehicle leases from the selling price of the leased vehicle to the amount of the lease payments, failed to be called for a vote in the Illinois House on the last day of the legislative spring session! This legislation passed out of the Senate 55-0, a day earlier. While we were disappointed HB 2317 did not get called for a vote, we feel optimistic this legislation could be considered in the fall veto session.
IADA has already discussed with the House Speaker’s Chief of Staff regarding consideration in the fall veto session, and will continue to work with the House Legislative Issues Staff who had concerns with the financial impact of the legislation.
During the summer months we ask dealers if you have the opportunity to visit with a House member ask that they favorably consider this legislation during the veto session! IADA will keep everyone up to date as we continue to work on this legislation.
|
|
|
Top
|
| |
GUIDANCE/MODEL FORMS ISSUED FOR REQUIRED HEALTH CARE REFORM LAW NOTICES
|
|
| |
The U.S. Department of Labor (DOL) on May 8 provided “temporary guidance” regarding the written notice employers are required to provide to their employees under the Patient Protection and Affordable Care Act (PPACA). PPACA requires that applicable employers must provide each employee with a written notice providing the employee with information about the state and federally-facilitated health insurance exchanges and how to request assistance, describing the availability of a premium tax credit (if applicable) and outlining the implications for the employee if they choose to purchase a qualified health plan through an exchange. The notice requirement was originally scheduled to take effect on March 1, 2013, but subsequent guidance has indicated that the timing for distribution of notices will be the late summer or fall of 2013 in coordination with the open enrollment period for exchanges.
Along with technical release, the following model notices have also been issued by the DOL:
• COBRA model election notice (click here); and
• COBRA model election notice redline version (click here).
Dealers should consult their health care consultant, insurance carrier or other outside professional to determine which form is appropriate for your dealership, and how to properly complete and distribute that form to your employees. For more details, click here: http://www.dol.gov/ebsa/newsroom/tr13-02.html
|
|
|
Top
|
| |
NADA LOSES RISK BASED PRICING LAWSUIT
|
|
| |
NADA, which sued the FTC challenging its interpretation of a federal disclosure law, has lost in Washington D.C. District Court and now also in Appeals Court.
The lawsuit was based on this question: If a dealer successfully arranges installment financing for a customer, but never pulls a consumer credit report, is the dealer nonetheless required to provide the customer a "Risk Based Pricing" credit score disclosure?
The answer hinges on the legal interpretation of the word "used."
The FTC issued a written interpretation that, in the typical installment sales transaction, the disclosure obligation was triggered even if the dealer never obtained a consumer credit report, because the dealer has "used a credit report in connection with an application for credit because [the dealer] initiated the request that caused the financing source to obtain the consumer report..."
In 2011, NADA challenged the FTC's interpretation in Federal Court, arguing that a dealer can't be considered to be "using" a credit report that it never sees. NADA also questioned the feasibility of a dealer obtaining credit score information from a lender.
This final ruling means that dealers will be required to generate a credit score disclosure for all consumer customers approved for and offered vehicle financing. That may mean dealers pulling a bureau when they otherwise would not - possibly to the detriment of their customer's credit rating.
For many dealers who always obtain consumer credit reports on their finance customers, this ruling has no real effect, as they already use outside vendors to routinely generate a credit score disclosure.
|
|
|
Top
|
| |
NADA WORKFORCE STUDY DEADLINE IS JUNE 30TH
|
|
| |
NADA’s 2013 Dealership Workforce Study collects data from dealerships across the United States and provides extensive comparative data on dealership position pay averages, hours of operation trends, retention and turnover percentages, as well as health and retirement benefits.
Consider this: Your employees represent your largest investment, after your inventory. But employees can go to your competition or to another employer at any time. This is your opportunity to ensure that your dealership can attract, retain, and motivate a winning team.
There is no cost to participate!
2. Enroll using your NADA/ATD Member ID
3. Complete a simple online survey
4. Upload your payroll data file securely to our secure site
Finally, this study will provide IADA with vital data and trends to enable us to better assist with HR issues on your behalf.
VERY IMPORTANT: Illinois needs 20% participation rate or NADA will NOT analyze the numbers for our state. We have not yet reached this goal. IADA needs an additional forty dealers to complete the survey. Please help us get there!
Questions? Contact IADA (217-753-0220) or call NADA Customer Service at 800.557.6232.
|
|
|
Top
|
| |
NOMINATE A COLLEAGUE FOR THE TIME MAGAZINE QUALITY DEALER AWARD
|
|
| |
Nominations are being accepted for the 2014 Illinois TIME Magazine Quality Dealer Award nominee and Illinois Dealer of the Year.
The TIME Dealer of the Year program honors new-car dealers in America who exhibit exceptional performance in their dealerships and perform distinguished community service. The dealer must demonstrate strong ethics, be active in his or her community, give generously of time and talents to charitable causes, and be the designated dealer principal of an IADA and NADA member. To nominate someone for this prestigious award, please see the attached form to nominate a deserving dealer.
|
|
|
Top
|
| |
WEBINARS: WHAT'S THE COST?
|
|
| |
Dealer Webinars are promoted in the left hand column of this E-Bulletin. You can click on the links provided to register now for any of the webinars listed!
Dealer’s Edge
Webinars are presented weekly through Dealer’s Edge, and are offered to dealers without a subscription for $298. However, IADA dealers can have access for $149 each. The webinars are downloadable so they can be saved or viewed at any time.
KPA
KPA is an endorsed service of IADA, and offers a wide variety of seminars for free to IADA members on a weekly basis. The webinars are recorded, and can be viewed at any time.
NADAvt
NADA virtual training is available 24/7, and provides full access to all NADA online training for $199 a month. NADAvt includes access to interactive online courses, NADA webinars, and NADA & ATD convention workshop recordings online, The NADA webinars are rolling 2 years of live and archived webinars. Click here for access to the website. |
|
|
Top
|
 
|
