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.
Thank you,
IADA Staff- |
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ECONOMY WATCH
4th QUARTER 2008 IDAHO AUTO OUTLOOK
The Idaho Auto Outlook is now available on the IADA website.
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AUTOMOTIVE NEWS AT A GLANCE
Listed here are several articles pertaining to the auto industry that appeared recently in newspapers and other media outlets across the nation.
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LEGISLATIVE UPDATES
IDAHO LEGISLATURE
The Governor's Transportation plan will be moving forward quickly now and next week begins the next chapter in that process. Today the Governors Transportation Funding Plan will be introduced in the House Transportation Committee at 1:30 p.m. (MT). The Plan consists of five separate pieces of legislation (fuel tax, registration fees, ethanol exemption removal, ISP shift and rental car tax). Prior to this the Governor will be holding a press conference on the front steps of the Capitol Annex beginning at noon. We encourage you as members to be in attendance.
FRANCHISE TERMINATION BILL
IADA begins work on strengthening your state franchise termination language ( 49-1614). During the 2009 legislative session the IADA will be introducing legislation to increase your position with the manufacturer with regards to possible self termination and the manufacturer termination of franchise agreements. The purpose of this legislation is to provide fair and reasonable compensation by the manufacturer upon the termination, cancellation, nonrenewable or discontinuance of any franchise and to provide a time frame for reimbursement of such compensation. IADA will post the proposed changes for your review as soon as our negotiations with House Leadership and the Auto Alliance have finished.
SB 1053 introduced by ITD:
SB 1053 authorizes the collection of full legal names, driver license numbers, SSN's (when they don't have a DL) EIN's, etc for purposes of titling and registration.
* Having the authority to obtain full identification information will help protect consumers/vehicle owners and their vehicle interest and ownership, by ensuring that a vehicle is titled and registered to the rightful legal owner. * The collection of this information if approved, will allow the department to bring order, standardization and efficiency to the title and registration records of the department. * This legislation enables ITD to require the collection of owners and businesses identifying information, including full legal name, driver license number, or social security number, or a business' employer identification number. It also enables the department to collect both physical and mailing addresses. These requirements must already be met for anyone who receives an Idaho driver license or identification card. SERVICE CONTRACT ADVERTISING LANGUAGE
The IADA will also be introducing legislation to require that all service contract/extended warranty solicitations from 3rd party vendors include advertising disclosure language. This mandatory language with be tied to the consumer protection act and is exempt for licensed Idaho dealers and manufacturers. It is our hope that this legislation will diminish the amount of consumer complaints that dealers receive from these type of advertising practices. |
UPDATE: government announces delay in implementing new I-9 forms
The Department of Homeland Security has announced a delay in the implementation of the newest version of Form I-9, which was due to become effective on February 2, 2009. In a last minute announcement, the department postponed implementation of the new form until April 3, 2009. The administration will be considering public comments on changes to the form and may further delay its effective date. Until further notice, employers should continue using the June 5, 2007 version of Form I-9. The form is available at www.uscis.gov/i-9.
News from the National Automobile Dealers Association FTC civil penalties to increase Feb. 9
The FTC has announced an increase in civil monetary penalty amounts effective February 9, 2009. The adjustments are based on the increase in the Consumer Price Index (CPI), and include an increase in the maximum penalties per knowing violation of the Fair Credit Reporting Act (examples of which would include the Red Flags, Address Discrepancy, and Affiliate Sharing Rules) from $2,500 to $3,500. In addition, the maximum statutory penalty per violation for certain FTC rules that are enforced under the FTC Act will also increase from $11,000 to $16,000. Under the FTC Act, when a rule (such as the GLB Safeguards Rule, Privacy Rule, or the Red Flags and Address Discrepancy Rules) continues to be violated despite an order to comply with a rule, the FTC can file a lawsuit in federal court seeking $16,000 for each violation of that rule as well as equitable relief.
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
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REGULATORY UPDATES
2008 PROPERTY TAX LEVY REPORT
The 2008 Property Tax Levy Report by the Associated Taxpayers of Idaho (ATI) has just been completed. It is available at: CLICK HERE
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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.
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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 |
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Generously Underwritten by:
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UPCOMING EVENTS:
March Dealer Class
Attacking Computer Expenses
March 11th 1:00pm - 3:00pm MST
Downtown Boise Owyhee Plaza Hotel - Gallery Room
for more info
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