FTC Vehicle Transaction Rule to Complicate Vehicle Sales
By far the most important and potentially disruptive policy issue today is the Federal Trade Commission’s (FTC) recently proposed “vehicle transaction” rule that would overwhelm car buyers and small businesses with additional paperwork and needlessly lengthen the sales process. The rule was proposed without credible data-driven analysis or the necessary time for public comment to […]
Read MoreSupply Chain Disruptions Relief Act to Bring LIFO Relief
Although the looming FTC vehicle transaction rule is the most ominous and important policy matter facing dealers today, another major need has to do with LIFO Relief. After vehicle assembly plants and suppliers around the globe ceased or slowed production during the pandemic, new vehicle inventories were drastically reduced. The shortfall worsened with he worldwide […]
Read MoreFight Rising Catalytic Converter Theft
The third federal policy priority for car dealers to be aware of surrounds the theft of catalytic converters. Catalytic converters are being stolen at increasingly higher rates due to their valuable metals, such as rhodium, platinum and palladium. Thieves can easily steal catalytic converters from unattended vehicles, and since catalytic converters are not readily traceable, […]
Read MoreWANADA Tag & Title Partner Adds Processing for New York
Early this year, WANADA partnered with Maria’s Tag & Title to offer our members a solution for processing title work. Many dealers have already signed up and found the additional processing outlet useful. Whether you are short on title agents or need assistance with out-of-state transactions, Maria’s is available to assist. They recently added the […]
Read MoreSave the Date for the 2022 WANADA Annual Meeting!
Currently slated for the evening of November 9 at Columbia Country Club in Chevy Chase, MD, the 2022 WANADA Annual Meeting will be a departure from previous formats. “We want to change it up every few years,” said WANADA President & CEO John O’Donnell. “The Ritz in Tysons Corner will likely continue to be our […]
Read MoreDealers Converge on Capitol for NADA Washington Conference
In 1917, approximately 30 auto dealers gathered in Washington D.C. to visit their members of Congress to fend off a proposed 5% luxury tax on automobiles. Fast forward 105 years later, and 400 dealers and dealer association executives from across the country have gathered this week for two days of education and advocacy on the […]
Read MoreADEI Kicks off Semester at Montgomery College
On August 25, WANADA executives, college officials, manufacturer representatives and participating service managers gathered with an incoming cohort of 30 automotive apprentices to kick-off the 2022 fall semester of the Automobile Dealer Education Institute’s (ADEI) Montgomery College training site. DEI Chairman Harold Redden of Fitzgerald Auto Malls welcomed the attendees and new students and observed, […]
Read MoreWANADA Tag & Title Partner Adds Processing for New York
Early this year, WANADA partnered with Maria’s Tag & Title to offer our members a solution for processing title work. Many dealers have already signed up and found the additional processing outlet useful. Whether you are short on title agents or need assistance with out-of-state transactions, Maria’s is available to assist. They recently added the […]
Read MoreEV Tax Credit Changes in the Inflation Reduction Act
As part of the agreement that led to the Inflation Reduction Act (IRA), the existing Section 30D EV tax credit was substantially modified. Specifically, Senator Joe Manchin (D-WV) indicated he would not support EV tax credit language that did not seek to establish critical mineral and battery component supply chains in North America or with […]
Read MoreReminders from the Virginia Motor Vehicle Dealer Board
The most recent issue of the Virginia Motor Vehicle Dealer Board’s DealerTalk newsletter included some important reminders near the end. In case you missed it, here they are: Dealer Title Helds The DMV allows dealers to title a customer’s vehicle with missing documentation by placing a dealer title held on the vehicle. This stops the […]
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