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Upcoming Events |
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Nov. 2nd
Legislation meeting with the service contract industry
Boise - 10:30
Nov. 17th & 18th
Regional meetings with Dealers Trent Wright & Gregg Middlekauff
Idaho Falls, Pocatello, Twin Falls
Nov. 9th
Regional meetings with Dealers Trent Wright & Gregg Middlekauff (to coincide with the Rep. Simpson meeting in Boise)
Boise - TBD
Dec. 3rd & 4th
Regional meetings with Dealers Trent Wright & Gregg Middlekauff
Lewiston, Moscow, Coeur d'Alene
Dec. 7th
IADA Winter Board of Directors Meeting
Boise - Grove Hotel
IADA Board of Directors Winter Meeting
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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- |
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Automotive News at a Glance |
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Listed here are several articles pertaining to the auto industry in general that appeared recently in newspapers and other media outlets across the nation.
October 30, 2009
* IADA forwards news artilces and opinion columns of interest through the THE TRAFFIC REPORT to inform members of current events. These in no way refelct the view, opinions and/or positions of IADA and its member dealers. They are sent for information and educational puposes only.
Generoulsy Underwritten by:
IADA's first choice in P & C Insurance! |
| Dealer Resources |
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CLICK HERE for Protecting Your Business Against H1N1
IDAHO AUTO OUTLOOK
The 3rd quarter 2009 Idaho Auto Outlook is now available on the Idaho Automobile Dealers Association Inc. website.
AVAILABLE TO DEALERS - REDUCE YOUR TELEPHONE AND INTERNET BILL
The Idaho Automobile Dealers Association Inc. would like to introduce our newly endorsed telecommunications company, LB Telecom LLC. As an IADA member, LB Telecom LLC is available to provide your dealership with a FREE Evaluation of your current telecommunication services. This evaluation can range from local and long distance services to internet access and web hosting. LB Telecom will evaluate your full range of telecommunications needs, review offerings and packages from multiple telecommunication providers, and find you the best deal possible, all while providing ongoing consulting services at no cost to your business. LB Telecom LLC is a Master Agent for multiple phone, internet, Data and VoIP companies. They have the ability to evaluate your current telecom environment and make recommendations that will save you time and money and provide your business with better service. They often find savings that range from 10% - 50%. To request a free evaluation and cost savings estimate, please call Lex Brown with LB Telecom, LLC at (Denver area), (866) 200-2236 (toll-free) or email lexbrown@LBTelecom.net. |
| Legislative |
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SPEAKER PELOSI MOVES FORWARD WITH HEALTH CARE LEGISLATION - MAJORITY OF AMERICANS NOT IN FAVOR OF PUBLIC OPTION.
Yesterday, Speaker Nancy Pelosi and other House Democrats unveiled H.R. 3962, their latest version of the health care legislation that's been hotly debated for months in Congress and across the country. (Read it here.)
DO YOU THINK THOSE DC VISITS REALLY MAKE A DIFFERENCE? DO YOU THINK REP. MINNICK LISTENED TO YOUR EMAILS AND THE VISIT? LOUD & CLEAR "YES"
The Early Returns on the CFPA Vote
The battle over the consumer financial protection agency has already revealed who has the real political juice and who's losing ground in the fight to rewrite the nation's financial regulations. The National Automobile Dealers Association with help from the state a metro auto dealer associations waged an intense grass-roots lobbying campaign to make most of its dealers exempt from the CFPA's reach - and it showed. Democrats joined Republicans to overrule (Rep. Barney Frank's) opposition to adopt the exemption for auto dealers on a 47-21 vote. An even more significant sign of the clout auto dealers have on Capitol Hill: When it became clear that the measure had enough votes to pass, at least five Democrats switched their "no" votes to "yes," aligning themselves with their local auto dealers.
Please all Rep. Minnick to thank him for his opposition to the creation of the Consumer Financial Protection Agency that would regulate automobile financing and his support for the Campbell amendment.
Congressman Walt Minnick
Washington, DC Office
Walt Minnick 1517 Longworth HOB
Washington, D.C. 20515
Phone: (202) 225-6611
Fax: (202) 225-3029
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| Regulatory Updates |
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GMAC AND CHRYSLER FINANCIAL MEET ON CRITICAL DEALER FLOORPLAN ISSUES
NADA continues to work with Chrysler Financial, GMAC, Chrysler, dealers, and others to address the critical issues facing many Chrysler dealers as they seek to move their floorplan loans from Chrysler Financial to GMAC; including outstanding differences between Chrysler Financial and GMAC over the adequacy of, and priority in dealer collateral that are preventing many of these dealers from obtaining "non-interim" floorplan financing from GMAC.
NADA has made all parties aware of the urgent need to resolve these issues and can report that the parties have been meeting in an effort to reach a resolution. While NADA is pleased that Chrysler Financial, GMAC, and others are working to reach an agreement regarding these dealers, it is vital that this issue be resolved immediately. In addition, this is only one of several outstanding concerns regarding the availability of floorplan financing, all of which must be resolved at the earliest possible time to avoid potentially disastrous consequences for affected dealers and for Chrysler.
It has been reported that GMAC is seeking additional public aid from the Treasury Department. NADA believes that all of the issues surrounding Chrysler dealer floorplan loans should be fully resolved as a part of such funding.
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| IADA MEETINGS & EVENTS |
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IDAHO LEGISLATIVE MEETINGS, 2009
Dealers:
The IADA is scheduling dealer meetings with IADA members and Idaho state legislators in order to increase awareness and gain support for the many policy issues expected to face auto dealers in the upcoming session of the Idaho Legislature which convenes January 13, 2010. Several meetings are planned and you are invited to participate in as many of the meetings as you are able to do.
The following topics areas are expected to be covered in each session:
· Auto industry issues in general
· Idaho dealer issues in particular
· Trends in auto sales in state and nationally
· Sales tax exemptions on used vehicles and rebates
With the economic challenges faced by the industry today, it is more important than ever that IADA gets the opportunity to hear from you on issues of importance
to you and your business.
View the upcoming events section of this newsletter for a date and town near you. More information will be sent on exact locations. |
| Automotive Forms & Supplies |
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| IADA is your best source of unique promotional items, embroidered apparel and custom business forms. Our goal is to provide dealer members with quality products, competative pricing and fantastic service. Please make sure to take advantage of our acceptional discount on quantity price breaks.
Order 24/7: IADA faxline: (208) 853-6671
Order by phone: (208) 853-4668
For more information on product and pricing in our catalog, call Jennifer @ (208) 938-7870 | |
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