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Fast Facts 2017 To search for a specific topic please choose “Find” from your menu options. Please note that some links within the following files may be expired. Your weekly auto industry update from the Michigan Automobile Dealers Association. January 6, 2017 - Vol 20, Issue 1 Fast Facts Sponsor Zurich is a 'direct writer' of GAP/T&W/VSC/Coatings and Vehicle Marketing Products. Menu/iPad (GenY) F&I Selling Systems. In-store, off-site and online training & validation for: Processes, Effectiveness, Compliance and Retention. Multiple Reinsurance options. Learn more >> www.zurichna.com/en/industries/auto/dealerships The Michigan Presidents' Reception in New Orleans Invitations for The Michigan Presidents' Reception have been mailed to dealers pre-registered for the NADA Convention. (The invitation must be presented at the door by those who are not Michigan dealers.) This year's reception is again generously sponsored by Comcast Spotlight and will offer cocktails, light hors d'oeuvres and great networking opportunities. DADA and MADA look forward to seeing you! The Michigan Presidents' Reception Saturday, January 28 from 5-7 p.m. Westin New Orleans Canal Place 100 Rue Iberville, New Orleans State of Michigan training for dealerships and repair facilities The Michigan Department of State has posted the 2017 training schedule for Michigan dealers and their employees. There are no course registration fees but preregistration is required. Various sessions are available from February through November. Dealer training Full-day training is offered in Lansing to assist licensed dealers and their staff on the basic requirements of the Michigan Vehicle Code. Topics include: Vehicle Trade-In Credit, 2017 Vehicle Registration Fees, TR-210/TR-209 Secured Interest Change on Title Process, Dealership Records and Dealer Plate Usage. Time will be made available for questions. Repair facility / mechanic training Half-day training is offered to help repair facilities and their employees with the basic requirements of the Motor Vehicle Service and Repair Act. Topics include: Repair Facility Manual, Proper written estimates and final invoices, Record keeping requirements, Repair facility and mechanic responsibilities, Common mistakes to avoid and Other basic requirements. Time will also be available for questions. Please visit the MADA website for links to additional information about state training and registration: www.michiganada.org/events-education. Upcoming events Jan 11-22 * North American Int'l Auto Show, Detroit Industry Preview (Jan 11-12) Charity Preview (Jan 13) Public Show (Jan 14-22) Jan 26-29 * NADA/ATD Convention, New Orleans NADA details / ATD details The Michigan Presidents' Reception (Jan 28) Feb 1-5 * Michigan International Auto Show, Grand Rapids Charity Spectacular (Feb 1) Public Show (Feb 2-5) Updated registration fee charts are now online As you have heard from the Michigan Department of State, certain vehicle registration fees have been raised by 20% effective January 1, 2017. The following fee charts have been updated and are now posted online at www.michiganada.org/sos. Fee Chart: Gross Vehicle Weight (GVW) Fees Ad Valorem Fees If you have questions please call MADA at (800) 292-1923 or email [email protected]. ATTN CVR dealers: Q1 physical inventory count is Jan. 10 The Q1 physical inventory count is scheduled for Tuesday, January 10, 2017. All counts must be submitted prior to any transactions being processed on the scheduled day. (The count cannot be reported prior to this date.) Please do the following to verify and report inventory. 1) Print an inventory available report from the CVR computer. 2) Verify the report by physically checking the actual inventory to ensure that each plate or tab/permit is present. Sealed boxes do not need to be opened, simply check the labeling on each package. 3) If there are no discrepancies between the printed report and the physical verification type the inventory numbers (beginning, ending and totals for plates, tabs and permits) into the CVR system. Remember to enter each line separately. 4) Submit the report Dealers who do not submit the required information are in violation of their agreement with the Michigan Department of State and risk losing the ability to use the CVR program. If you have questions, or if you are having difficulty meeting your requirements, please contact your CVR account representative or call CVR Support (800) 333-6995. Return 2016 tabs to CVR WAREHOUSE 2016 tabs are now obsolete and must be returned by Tuesday, January 31. Please review these steps, or for additional information go to https://support.cvrreg.com . 1) Log into Inventory, run an Inventory Available report. 2) Verify series numbers for 2016 tabs on the report. 3) Verify 2016 tabs in inventory match printed report. 4) Mark 2016 tabs as "obsolete" in inventory. 5) Package tabs, note dealership name and license # (or include copy of Inventory Available report) and return to: MADA / ATTN: CVR Returns 1500 Kendale Blvd / East Lansing, MI 48823 For 2017, M ADA has w orked w ith a few companies to offer timely reminders and valuable tips to assist w ith business operations. This w eekly section w ill give you some ideas to consider, and provide links to additional information if you w ould like to learn more. If there is a topic you w ould like covered, please email [email protected]. P lanning for the New Year from John Young, Vice President | Financial Advisor [email protected] A "New Year" presents unique challenges, opportunities and decisions to be made in many facets of our lives. Helping your employees successfully retire or planning for your own retirement being one that is often overlooked or even avoided. Most people would appreciate information, some guidance, even professional advice before making any critical moves. The link below will take you to an important article that provides some preliminary predictions for the new year. Each prediction is supported with easy to understand insight from CAPTRUST Practice Leaders. I think you'll find it valuable and even a little entertaining. The summary is most important: Here are a few thoughts for you and retirement plan committees operating in this environment: Define (or redefine) your goals and objectives for your plan. Make sure you are able to articulate what you are doing and why you are doing it at all times. Keep a journal to document your processes and decisions-but not every little detail. Make the easy decisions first; then you will see a path forward for the more difficult decisions. Plan sponsor decisions are evaluated in the context of the world and time in which they were made, so don't be afraid to correct your course as events unfold. If an answer is not immediately clear, deliberate and wait for more clarity on the path forward, but remember that no decision is, in fact, a decision. Keep reading >> www.captrustadvisors.com ADM's Capitol Corner The Auto Dealers of Michigan, LLC offers weekly updates on Michigan legislative news. This week's headlines: Brandenburg To Drop Income Tax Elimination Bill Moroun Brings Fight To Stop Gordie Howe Bridge To Court Of Claims Law Upping Speed Limits Signed Into Law Snyder Vetoes School Billboards, Unregulated Mushroom Gathering Friday Fast Facts is distributed to MADA members for educational purposes and should not be construed as legal advice. Unauthorized copying and distribution of the publication is prohibited. For permission, please contact [email protected]. © 2017, Michigan Automobile Dealers Association. All rights reserved. Michigan Automobile Dealers Association, 1500 Kendale Blvd., PO Box 2525, East Lansing, MI 48826-2525 SafeUnsubscribe™ {recipient's email} Forward this email | Update Profile | About our service provider Sent by [email protected] in collaboration with Try it free today Your weekly auto industry update from the Michigan Automobile Dealers Association. January 13, 2017 - Vol 20, Issue 2 Fast Facts Sponsor Zurich is a 'direct writer' of GAP/T&W/VSC/Coatings and Vehicle Marketing Products. Menu/iPad (GenY) F&I Selling Systems. In-store, off-site and online training & validation for: Processes, Effectiveness, Compliance and Retention. Multiple Reinsurance options. Learn more >> www.zurichna.com/en/industries/auto/dealerships Please welcome Bob Shuman, MADA's 2017 president Our 2017 president, Bob Shuman, is the president of Shuman Motor Sales in Walled Lake. Mr. Shuman has been an active and involved MADA board member for many years. Anyone who has heard him speak knows he is an upbeat, outgoing and positive advocate for dealers. As the 2016 chair of the Auto Dealers of Michigan Board of Managers, he also helped guide legislative activities and priorities to support franchised vehicle dealers throughout the state. As we look at 2017, we see new opportunities for growth and advancement in the retail automotive industry. We have an excellent leader in Mr. Shuman, along with vice president, Colleen Chapleski, and second vice president Jeff Williams. With the support and participation of our 600-plus dealer members, we will make this another successful year! As always, if you have questions, comments or concerns, please contact us at (800) 292-1923. We are here to help you! Compete smart. The NADA Workforce Study is now open. Have you ever been curious how your pay plan and benefits compare to other dealers in your region? We often hear from dealers requesting a salary compensation report. NADA is able to create this report by surveying dealers throughout the nation - but data from Michigan dealers is needed to make the reports most beneficial to our association and individual dealers. NADA and ATD invite members to participate in the 2017 Dealership Workforce Study, which gathers information to help you compare your dealership against aggregated data from your peers across the nation and region, right down to dealerships selling your brand in your state.
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