News from Idaho Automobile Dealers Association

IADA is aware of the proposed rule for air quality permits and DEQ has contacted us about working with our membership. Interestingly enough DEQ does not know which dealers do or do not have auto body shops that need this type of permit. What IADA had hoped for was that the letter you received would reach our membership and get the message spread faster coming from DEQ rather than us. IADA has held classes in March on this issues to get dealers informed and posted notices to our newsletter and website.

We understand that it's never exciting, or cheep, to get these type of compliance notices especially from the DEQ. However, this is a federal mandate that was handed down to all states requiring this type of permit. IADA will continue to inform the membership after the comment period is over and has learn what is entailed in the process ahead.

To read the letter that was sent CLICK HERE

IDAHO STATE OUTLOOK

The 1st QTR Idaho Auto Outlook Report is now available for review on the IADA website.

CLICK HERE

The

May 2010 Idaho Economic Outlook is now available on the Idaho Division of Financial Management's website.

CLICK HERE

Regulatory Updates

Wall Street Journal - Reader Poll, CFPB

The Wall Street Journal has an electronic poll (new out just this morning) asking whether or not auto dealers should be exempted from the federal legislation creating the new consumer financial protection agency.

Please go online through the attached link and weigh in "YES" in favor of the dealer exemption. Also please forward Internally to as many knowledgeable dealership personnel who would be reliable YES vote submitters as well.

Should auto dealers be exempt from regulation by the Consumer Financial Protection Bureau, as proposed in the House's financial reform package?

http://online.wsj.com/community/groups/question-day-229/topics/should-auto-dealers-exempt-regulation

As Ben Bernanke, Barney Frank and Timothy Geithner help shape the financial-regulation overhaul in Congress, people who know them say they may be willing to negotiate on parts of the bill they don't view as core, while being intractable on pieces they view as elemental. That could mean agreeing to allow auto dealers to be exempt from new lending rules.

Should auto dealers be exempt? Would the new rules prevent them from lending to otherwise qualified customers with troubled credit, and prevent people from getting the automobiles they need? Would the regulatory oversight strain the auto industry, still struggling to emerge from the credit crisis?

Dealers to Conferees: Auto Dealer Language is Pro-Consumer and Prevailed in Both the House and Senate

Keeps Credit Affordable and Accessible

WASHINGTON, June 4 - NADA urges House and Senate conferees to keep finance options for car buyers affordable and accessible when considering legislation to overhaul the nation's financial system.

"The House and Senate sent a very clear and bipartisan message that Main Street auto dealerships should not be in a Wall Street reform bill," says David Regan, NADA vice president of legislative affairs.

During consideration of the Wall Street reform legislation, members of Congress voted to keep in place the sound regulatory structure that has allowed millions of consumers to buy new vehicles at competitive interest rates instead of creating an uncertain regulatory regime under a new agency. (Read more)

IADA Classes & Seminars
No classes are scheduled at this time.

Automotive Forms & Supplies

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.

FORMS ORDER FORM click here

STOCK ITEMS ORDER FORM click here

FULL CATALOG click here

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 (208) 853-4668

CUSTOMIZED REPORTS ON DEMAND

The IVRS is a web-based program that creates a solution for car, truck, RV and boat title reports in Idaho. This program is accessible anywhere, anytime via a secure website. The IVRS allows for customizable reports that summarize title data so businesses can more efficiently identify and seize opportunities. The IADA will continue to strive for their goal of providing the best weekly updated "title/sold" market data available to subscribers 24/7!

Call today for more information regarding the service. (208) 853-4668 - Jocelyn Francis

Mission Statement: The Idaho Automobile Dealers Association Inc. was formed in 1932 to represent interests of licensed 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 licensed car dealers we want to create a stable and healthy retail market for idaho's business and consumers.

Sincerely,

Trent Wright
Idaho Automobile Dealers Association Inc.

We welcome your suggestions and contributions. For further information and updates regarding the Idaho Automobile Dealers Association Inc. please visit our website.

Idaho Automobile Dealers Association Inc.

4980 W. State St. Boise, ID 83703

Phone: (208) 853-4668 Facsimile: (208) 853-6671

www.idahoada.org