Industry news and updates for Michigan's franchised dealers. | | |
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December 8, 2023
Vol. 25 | Issue 49
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| | HOPE TO SEE YOU (VIRTUALLY) WEDNESDAY! |
The MADA Annual Meeting Is a Great Opportunity for Dealers and Staff To Get a Quick Update for the Coming Year
Wednesday, December 13 at 10:00 am > > Zoom registration link
Please join us for this virtual event, offering insights and updates that will shape the upcoming business landscape, plus reminders about operational changes coming January 1st. Preregister to receive an email confirmation with link to add the date to your calendar.
AGENDA
10:00 am | Introductions
10:15 am | Guest speaker
- Dr. Patrick Manzi, NADA Chief Economist
11:00 am | Updates, including, legal, regulatory, MADPAC and association
This program is open to dealers and dealership staff, plus invited sponsors and guests. More information is available on the MADA website.
| P L A T I N U M | S P O N S O R S |
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| Reynolds and Reynolds offers the industry’s only Retail Management System to help dealerships manage every area of operation. Whether it’s signing F&I documents, upselling in a virtual environment, or recommending service work to off-site customers, only Reynolds helps you streamline operations to improve efficiency and maximize every profit opportunity. |
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NADA Applauds Congressional Efforts to Stop EPA’s EV Mandates
NADA has applauded Congressional efforts to enact a provision included in the Fiscal Year 2024 Interior-Environment Appropriations bill to prevent taxpayer funding from being used to finalize, implement, administer or enforce the EPA’s proposed emissions standards that would effectively require 67.5% of all new vehicles sold be fully electric by 2032. On Wednesday, 223 Members of Congress (35 Senators and 188 Members of the House) publicly released a letter to House Speaker Mike Johnson (R-La.) and Senate Republican Leader Mitch McConnell (R-Ky.) urging enactment of language to impose a one-year stay on the EPA using funds to finalize or implement its unrealistic 67.5% EV mandate. The bill also includes language stopping EPA’s “Phase 3” heavy-duty truck rule (Zero Emission Vehicle Mandates) for one year.
Leaders from Michigan who signed the letter:
Rep. Jack Bergman (R) | Rep. Bill Huizenga (R) | Rep. John James (R)
Rep. Lisa McClain (R) - Lead | Rep. John Moolenaar (R) | Rep. Tim Walberg (R)
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Dealer Plate Reminders
Renewal tabs for your dealer plates. MDOS continues to process and mail new dealer-plate tabs when dealers renew their license, and for those dealers with a multi-year dealer license. It is normal for these to arrive in January and into February of the new year.
- Previous-year tabs for dealer plates remain active through the last day of February (Feb. 29, 2024).
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Tabs are plate specific. The number on the tab must correspond with the dealer plate number.
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Also remember to keep a record of your dealer plates, listing where they are located and who they may be assigned to.
On a related note, please also check the state's website at https://dsvsesvc.sos.state.mi.us/TAP/_/ under "Business Services >> Dealer Services" to make sure your dealer license is renewed. We have found that a few dealers were unaware there is a "hold" on their renewal paperwork.
Replacing missing or stolen plates. The Secretary of State requires that a police report be filed and a copy of that report be submitted when requesting replacement dealer plates. This applies to plates that are known to be stolen, or simply missing and cannot be found. This helps protect the dealer if a vehicle with that stolen/missing plate is later used during a crime, or even driven through toll roads or construction sites that capture plate numbers.
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Missing or stolen plates can be reported through your CARS e-Services account (preferred method) or complete form AR-0036.
- Once approved and mailed, replacement dealer plates and the accompanying tabs may arrive in separate packages, on different days.
- Please also keep in mind that once the plate is reported as missing, it cannot be used again if "found" in a desk drawer (or elsewhere) at the dealership.
Replacing damaged plates. If a dealer plate is damaged beyond use, the dealer can take it to the local branch office and request a replacement. The replacement will be processed then mailed to the dealership. There is no fee to replace a damaged plate, and no police report is required in this instance since the dealer is still in possession of the plate being replaced.
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Inaugural FTC Safeguards Board Report Due By Year’s End
The Federal Trade Commission’s (FTC) Federal Safeguards Rule requires that the board of directors or an equivalent governing body of the financial institution must receive an annual report on the status and effectiveness of the institution’s information security program and other material matters relating to Safeguards Rule Compliance.
(i) Require your Qualified Individual to report to your Board of Directors
https://www.ftc.gov/business-guidance/resources/ftc-safeguards-rule-what-your-business-needs-know
Your Qualified Individual must report in writing regularly – and at least annually – to your Board of Directors or governing body. If your company doesn’t have a Board or its equivalent, the report must go to a senior officer responsible for your information security program. What should the report address? First, it must include an overall assessment of your company’s compliance with its information security program. In addition, it must cover specific topics related to the program – for example, risk assessment, risk management and control decisions, service provider arrangements, test results, security events and how management responded, and recommendations for changes in the information security program.
Read more: MADA Partner CompyAuto also offers this information on your FTC reporting requirement.
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- Irwin Most Liberal Senator Second Year In Row; Hoitenga Most Conservative
- Survey: GOP Activists Find Karamo Not Effective, MIGOP Lacks Money To Host Convention
- Michigan's Unique Drug Immunity Statute Is No More
- Hill Gets Second Democratic Challenger
| | | Workplace Law Update: 10 Essential Items on Your December To-Do List | It’s hard to keep up with all the recent changes to labor and employment law, especially since the law always seems to evolve at a rapid pace. In order to ensure you stay on top of the latest changes and have an action plan for compliance, here is a quick review of the latest developments we tracked in November and a checklist of the essential items you should consider addressing in December and beyond. | | | |
Dealerships Losing Ground to General Repair Shops as Costs and Visit Frequency Increase | Cox Automotive | New research released by Cox Automotive on the U.S. vehicle service industry shows that franchised dealerships continue to lose share to general repair shops. In the latest report – Under the Hood: Opportunities and Challenges in the Service Industry – franchised dealerships are shown to retain their position as the industry’s top service provider but have lost ground to service chains (e.g., quick lube locations, tire service centers.) In 2023, dealerships accounted for 30% of all service visits in the U.S., down from 35% in 2021. | | | | |
Kalamazoo Dealership Matches Donations Given to Local Nonprofit
Local nonprofits have been keeping busy making sure families and those in need get the resources they need for this holiday season. Kalamazoo Loaves and Fishes received a record donation at this year's Maple Hill Holiday Parade, which organizers say has been a significant help in aiding with record high demand.
The nonprofit received more than $3,700 in parade donations this year, and after Maple Hill Auto Group matched that figure, it brought the grand total to more than $7,500. Donations were especially important this year, as the organization said it has seen a 60% rise in families needing help compared to last year.
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Friendly Competition in the U.P. Provides Gifts to Children
The Annual Michigan State Police Post 82 "Stuff the Blue Goose" has wrapped up its 2023 campaign to help make Christmas brighter and more joyful for those less fortunate in the area.
Rodenroth Motors, Fernelius Hyundai and Soo Motors in Sault Ste. Marie along with O'Connor's in Pickford all had a shiny blue MSP patrol car in their showrooms that need to be stuffed with unwrapped, new toys.
Trooper Michael Mariuzza, from MSP Post 82, says while there is a competitive nature to this event, all four dealerships have one goal in mind. "This event is important because it collects toys and gifts for area children and families in need. All donations received also stay in the local area. It is great the area dealerships help participate with this event. We cannot thank them enough for giving up floor space in their showrooms for the patrol vehicles and their help collecting the toys and donations," Mariuzza said.
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| | EDUCATIONAL OPPORTUNITIES | |
On Demand from NADA:
On Demand from Michigan Treasury
Hear what both Individual Income Tax AND Business Tax filers need to know for the upcoming 2024 tax season. Important topics include tax rate changes, tax credits, retirement tax, the Sales, Use & Withholding (SUW) annual filing deadline reminder, electronic filing options...listen now
| | | HIGHLIGHTING OUR ASSOCIATE MEMBERS | | | | | |
Providing motor vehicle dealers with a full range of legal services, from negotiation of purchase/sale agreements to regulatory compliance, litigation defense, and succession planning.
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Federated Insurance® provides industry-specific insurance products and risk management resources. Local marketing representatives can help businesses create the insurance program that fits their needs.
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Supporting Michigan's franchised dealers for more than 100 years!
| Phone (800) 292-1923 | www.michiganada.org | | | | | |
