Greetings!
Welcome to the latest installment of IADA's e-news, containing timely updates, information, announcements and reminders. We welcome your suggestions and contributions. For further information and updates regarding the Idaho Automobile Dealers Association please visit our website at www.idahoada.org.
IADA Staff- |
|
ECONOMY WATCH
IADA JOINS DEALERS LOBBYING EFFORT FOR AID TO AUTOMAKERS
IADA representatives were among 150 or more dealers and association executives who stormed Capital Hill last week as part of a NADA "fly-in" effort in support of a rescue plan for the Big 3. NADA Director Greg Taylor along with IADA Board Member/NADA Director Kathy Sims and IADA Executive Vice President Trent Wright joined in speaking with Idaho's congressional delegates and staff.
Contact was made with Sen. Mike Crapo, Sen-Elect Jim Risch, and Rep. Mike Simpson.
DEALERS IN THE SPOTLIGHT
Magic Valley local economy thoughts by some of our IADA members and business leaders.
From Detroit to Rexburg
EDITORIALS
Click Here to read an incredible editorial from Elkins Ford in the Pittsburgh Region.
If any dealers have a letter to share with your local media, IADA strongly urges you to do so! It's wonderful to read and to share with others!
| |
Many IADA members have contacted the association about bankruptcy information. The following copy of Mr. Eric Chase's article maybe useful as a "what if" publication.
The Harsh Impact on Dealers of a Detroit Meltdown
(The What-ifs of a Franchisor Bankruptcy or Government Bailout. A Call for GM, Chrysler and Ford to Take Bold, Forward-Looking, Imperative Action)
by Eric L. Chase, Esq
IDAHO OUTLOOK
The November 2008 Idaho Outlook is now available on the Division of Financial Management's website.
CLICK HERE
3RD QUARTER IDAHO AUTO OUTLOOK! The 3rd Quarter 2008 Idaho Auto Outlook is now available on the Idaho Auto Dealer Associations website.
NADA Offers Virtual Seminar to Help Dealers in 'Tough Times'
In response to the challenges facing dealers during these uncertain times, NADA is offering a presentation featuring two speakers who can explain the options and detail the steps dealers need to take to protect their businesses. Tough Times, Tougher Dealers: Saving Your Dealership's Assets will be offered as a virtual seminar in December and January and as a workshop at the 2009 NADA Convention & Exposition in New Orleans. Tough Times, Tougher Dealers, presented by Michael Charapp, Esq., of Charapp & Weiss, LLP and Bradley Nicklin, CPA, of Beers + Cutler, discusses the tough issues facing almost every dealer today. It is intended to help dealers and managers understand the steps required to protect their dealerships' assets during these tough economic times.
In this presentation, participants will learn valuable information on cash management, expense control, and franchise rights issues. They will also learn how to deal with bankruptcy-both at the manufacturer and dealership level-as well as franchise terminations, brand terminations, and the legal ramifications of reducing a workforce. Additionally, the speakers will present other practical considerations for surviving this tough environment, both legally and financially.
The virtual seminar will be offered twice-on Jan. 13 from 1-3 p.m. EST. The registration fee is only $50 per computer connection. For more information or to register, visit www.nada.org/seminars. The convention workshop will also be offered twice-on Saturday, Jan. 24 at 11 a.m. CST and Monday, Jan. 26 at 8:30 a.m. CST.
2009 NADA CONVENTION & EXPO
January 24-27, New Orleans, LA
Registration is now open for the 2009 NADA Convention, themed "Voice of the Dealer...Committed to Community." IADA reminds dealers that convention registration is required before reserving a hotel room. Since hotel rooms fill quickly during the convention, it is recommended that dealers register for the event early to ensure they are able to reserve a room at the hotel they desire.
Also,
 |
|
2009 in New Orleans | In recognition of tough economic times, registration fees and hotel rates have remained unchanged, and discounted airfare is available. More than 700 exhibitors, 150 dealer workshops, a heavy-weight lineup of speakers and an additional half-day of workshops, including "Lifeline to Profit$ (offered both Friday and Tuesday), are slated for the NADA convention.
Additional details, including registration instructions and hotel details, are available on NADA's Web site at www.nada.org/convention
NADA-TV: New Orleans Is Back!
(Windows Media Dial-up | Broadband)
|
|
LEGISLATIVE & REGULATORY UPDATES
NADA'S REGULATORY REVIEW NOW AVAILABLE ONLINE
NADA's Regulatory Review, which is published quarterly by the NADA Public and Legal Affairs Groups, contains the latest federal regulatory developments that affect franchised new-vehicle dealers. Regulatory Review is now available on NADA's Web site atwww.nada.org, under "Publications" (member login required). | |
LET US KNOW ABOUT YOUR ACCOMPLISHMENTS!
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 info@idahoada.org. Also include your contact information for further follow-up.
|
Mission statement: The Idaho Automobile Dealers Association was formed in 1932 to represent interests of new vehicle dealers in the state. Our goal then and now has been to improve, enhance, and grow the automobile industry in Idaho. By advocating and providing programs, products and services for new car dealers, we want to create a stable and healthy retail market for Idaho's businesses and consumers.
Sincerely,
Trent Wright
Idaho Automobile Dealers Association |
|
|
|
|
|
Generously Underwritten by:
|
UPCOMING EVENTS:
IADA to Testify at State Economic Outlook and Revenue Assessment Committee
Jan. 8, 2009
Idaho State Legislative Session Begins
Jan. 12, 2009
NADA
Convention, January 24-27, 2009, New Orleans, LA. |
|
