Tuesday, December 9, 2014

December 2014 SDADA Column

The votes were cast and the results tabulated. The control of the Senate has shifted and the Republicans have grasped tighter control of the House. The easy(!) part, the election, is done for the Republicans. Now for the difficult part - they have to govern.

I believe it would be a mistake for Republicans to assume that the electorate trusts  them more than Democrats. I think it would be fair to say that the voters disliked them less (for now!).

It seems Republicans must offer solutions for the issues of the day. They cannot just poke holes in the Obama policies. Whether healthcare, immigration, the economy or other matters, they must offer alternatives.

They must reel in the federal bureaucracy. A good place to start would be with the CFPB which, today, more than four years after its passage, is still writing rules. This agency is a perfect example of federal bureaucracy run amok.

A new study of more than 8.2 million loan records by Charles River Associates concludes that the method used by the CFPB to measure for discrimination in an auto lender’s portfolio is “conceptually flawed in its application and subject to significant bias and estimation error.”

Meanwhile, banks nationwide are spending millions of dollars trying to comply with the unfair and ever-changing rules that the CFPB continues to write. Those rules are then being forced down to businesses that transact business with the banks, costing even more money with no increased productivity.

Small businesses (not just automobile dealers) in our country need relief from the regulatory stranglehold of the federal government. Hopefully Republicans can give them some of the much-needed respite.

NADA Continues to Defend Franchise System

Last month I referred to NADA's arsenal of resources intended to get the dealers' story out. These resources can be found at nada.org/getthefacts . The videos found here make a great short presentation for your Kiwanis or Rotary meeting. Please consider spreading the word.

Additionally, NADA is asking local officials to sign an open letter supporting dealers and then send this letter to transportation policymakers. This campaign has generated more than 700 signatures, from officials in all 50 states. If you know of local officials who would want to voice their support for local dealers, they can sign the letter online at www.supportlocaldealers.com. Take a look at this site.

Please remember, it is important that dealers are perceived as something other than a "middle man" and that we do add value to the system. If we don't tell our story, who will??!!

Get the most from your investment at the 2015 NADA Convention & Expo

The NADA Convention & Expo is the automotive industry event of the year and the world's largest international gathering place for franchised new-vehicle dealers. The convention offers dealers a rare chance to meet face-to-face with executives of major auto manufacturers and features hundreds of exhibitors showcasing the latest equipment, services and technologies and dozens of workshops with the industry's best trainers. The 2015 NADA Convention & Expo will take place Thursday, Jan. 22 through Sunday, Jan. 25, 2015 in the Moscone Center in San Francisco, CA.
Take advantage of myNADAplanner, a FREE service that provides smart tools for you to research exhibitors, email exhibitors, schedule meetings with exhibitors, search and schedule workshops, build your personalized planner guide, and syncs with the 2015 NADA mobile app which will be available in December.

Do this all before you travel to NADA 2015!

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