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Capitol Hill Updates from NADA
Our friends at NADA recently published two important updates from Capitol Hill regarding regulatory & legislative priorities germane to the retail automobile business: NADA-Supported Letter On EPA’s EV Mandates Sent to Leadership: The letter was led by Rep. Lisa McClain (R-Mich.) and signed by 223 signers (35 Senators, 188 Members of the House) urging Republican […]
Read MoreDealer Group Pushes Back Against Agency Model
In recent weeks, dealers from around the country have been faced with different attempts to slowly transition our nation’s franchise system toward more of a so-called “agency” model that is favored by manufacturers in other regions of the world. In a significant victory for the existing system, a group of 26 Illinois Ford dealer won […]
Read MoreConsumers Becoming Aware of High Cost of EV Collision Repairs
A recent article in the Wall Street Journal highlighted that electric vehicle (EV) customers are learning that their cars are far more expensive to repair than traditional ICE engines. Relevant portions of that article have been reprinted below. ### For EVs, repairs following a collision can cost thousands of dollars more than their gas-powered counterparts, […]
Read MoreSave the Date: WANADA Member Reception at the DC Auto Show
On Thursday, January 25, 2024, all WANADA members are invited to the Washington Convention Center to attend the WANADA Member Reception at the Washington, DC Auto Show. As every year, the event is a great opportunity to view the floor of the show while networking with your colleagues from around the Beltway. Mark your calendars […]
Read MoreLast Chance: Register Now for WANADA Annual Meeting & Dinner
The 2024 WANADA Annual Meeting will be held on next Tuesday, November 7th at Columbia Country Club in Chevy Chase, MD. The event will repeat last year’s successful format change to an evening affair, complete with dinner and entertainment. A networking reception will be held from 5:30 – 6:30 p.m., with dinner to follow. Mentalist […]
Read MoreIRS Expects to Reimburse Dealers for EV Credits Within 72 Hours
A few weeks ago our friends at NADA reported that the IRS expects to reimburse dealers who transfer advance payments for clean vehicle tax credits “on the hood” within 72 hours of submission via electronic payment. Additionally, Treasury said that consumers – as opposed to dealers – will be responsible for attesting to their income […]
Read MoreIRS Reminder: Form 8300 and Reporting Cash Payments of over $10,000
The IRS recently published a reminder for filing form 8300 on their website. Generally, if you’re in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300. The Form 8300, Report of Cash Payments Over $10,000 in a Trade or Business, […]
Read MoreSave the Date: WANADA Annual Meeting & Dinner
The 2024 WANADA Annual Meeting will be held on Tuesday, November 7th at Columbia Country Club in Chevy Chase, MD. The event will repeat last year’s successful format change to an evening affair, complete with dinner and entertainment. A networking reception will be held from 5:30 – 6:30 p.m., with dinner to follow. Mentalist Jason […]
Read MoreO’Donnell Visits City Leaders
Last year it was announced that Events DC, the city’s convention and sports authority, had hired Angie Gates as their new President and CEO, replacing longtime chief executive Greg O’Dell. O’Dell departed the role for a similar function in Chicago last spring, and it was recently announced that the Samuel Thomas, General Manager of the […]
Read MoreWANADA Tag & Title Partner Expands Offerings
Last year WANADA formed a partnership with Maria’s Tag & Title to offer our members a great solution for your titling needs. Whether you are short on title agents or need assistance with out-of-state transactions, Maria’s is here to help. They have long been processing title transactions for DC, Maryland, Virginia, Pennsylvania, Delaware, West Virginia, […]
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