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Are you still thinking about going to Maui? Make your reservation now, before time runs out!
The Tesla saga continues…
Editorial comment: Maybe Elon Musk should fire himself for allowing Tesla to sink into ‘production hell’
Consumer Reports responds to Tesla’s complaints on reporting, research and reviews
Focus on Fixed Ops
Leading dealership groups for fixed op revenue tell how they stay on top
This week’s best business-building articles
Broker connects service shops with online customers
Manufacturer news
Regulators back emissions fix for Volkswagen SUVs in U.S.
One U.S. brand in Consumer Reports 10-most reliable
GM resolves ignition switch claim
Fiat Chrysler sues shippers over alleged price fixing
Cadillac leaps toward autonomous driving with its new super cruise system
- -  CLICK BELOW FOR MORE AUTOMOTIVE NEWS  - -
Announcing our Closing Keynote Speaker: Humorist Tim Gard
Laughter Becomes You

Tim Gard is an energetic, laugh-out-loud humorist who delivers a rejuvenating and immediately applicable message that teaches audiences to enhance productivity and enthusiasm in three easy-to-adopt steps. Through his work, he expands the understanding of humor skills as stress reduction tools and has developed easy-to-implement techniques for any situation. You won’t forget Tim’s terrifically funny, unique stories and extraordinary visual props.
 
Tim’s down-to-earth style and real-life humor leaves a lasting impression that you’ll benefit from for years to come. His skillful use of ordinary items in extraordinary ways and extraordinary items in everyday ways make him one of the most popular main stage speakers on the platform today. 
 
We’re thrilled to close out our 2017 CADA Annual Convention in Maui with Tim’s sharp wit. He’ll make you laugh — and he’ll make you think!
CADA Insurance Services
Your renewal for your health benefits is probably due. Just like getting a second opinion on your personal health, call CADA Insurance Services to get a complete analysis on the benefits you offer your employees. You may be surprised at the savings — and increased benefit coverage — you and your employees could enjoy. Call Craig Gordon today to find out how much you can save.
 
Call Craig Gordon today to find out how much you can save!
303.457.5118
craig.gordon@colorado.auto
Legislative Grassroots Meetings
Legislative Grassroots Meetings were key to CADA’s success at the state capitol during the 2017 legislative session. Dealer participation is crucial to the success of these meetings, so please attend one or two of these upcoming meetings.

As you can see, dealers are now hosting Legislative Grassroots Meetings at their dealerships. If you would like to invite a legislator to your dealership, please contact Michelle O’Connor, Legislative and Communications Manager, michelle.oconnor@colorado.auto or 303.457.5113. We look forward to seeing you!

Wednesday, November 1, 1 p.m. — CO Dept. of Revenue Executive Director Michael Hartman ART Hotel
1201 Broadway, Denver 80203
 
Thursday, November 2, 1 p.m. — Sen. Leroy Garcia
Wilcoxson Buick Cadillac GMC
902 N Santa Fe Ave, Pueblo 81003
 
Tuesday, November 7, 10 a.m. — Sen. Owen Hill
Freedom Honda
4955 New Car Dr., Colorado Springs 80923
 
Friday, November 10, 2 p.m. — Majority Leader Chris Holbert
Schomp Honda
1003 Plum Valley Ln., Highlands Ranch 80129
Regulatory & Compliance

Now is a good time to review your unclaimed property remittance program

By Matthew Groves, VP Legal, Regulatory & Compliance

Over the past few weeks, we’ve heard that multiple dealerships received notices from the Great Colorado Payback (the unclaimed property website run by the State Treasurer). These notices are written to allow for a self-audit, a self-audit with government assistance or a voluntary audit from the Unclaimed Property Office, of the dealer’s unclaimed property remittance program. This presented us with an opportunity to remind all dealers that an occasional self-audit of your program is always a good idea from the compliance perspective.

These programs are governed by the Colorado Unclaimed Property Act, found in the Colorado Revised Statutes at Chapter 38, Article 13 (CRS 38-13-101, et seq). The premise of this Act is that all intangible property that remains unclaimed throughout its dormancy period, typically five years, should be presumed abandoned and remitted to the State’s unclaimed property office.

The presumption of abandonment should be made, even if the rightful owner of the property has not requested or made an effort to retrieve the property. Once dormant, the dealer should send a notification letter to the owner at his/her last-known address, informing the owner that the property is being turned over to the State, which administrates all unclaimed property. This property can subsequently be found on the state-run website, https://colorado.findyourunclaimedproperty.com/, and the Office of Unclaimed Property will attempt to locate the individual or their heirs.
 

What counts as unclaimed property?


Naturally, you’re wondering, “What is unclaimed property — and do I have any?” Colorado includes in its definition of unclaimed property any vehicle deposits, insurance premium refunds, outstanding checks, wages/payroll and referral fees. The reality is, most if not all, dealers will have some amount of unclaimed property at their dealerships.

The benefit of remitting it to the State is that once the property is transferred in good faith, the State becomes the ‘safekeeper’ and the Dealer is indemnified from liability, should the owner make a demand (8 CCR 1508-1.5.7(a)). It is important to note, however, that you are permitted under CRS 38-13-112(b)(I) to “deduct and retain two percent of the value of the property or twenty-five dollars, whichever is [greater].” However, you can do that only if your compliance program is up to date. If abandoned property is discovered through an audit, you will forfeit this ability.
 

So what does all of this mean for you?


If you are holding unclaimed property, you are required to file an annual report with the Great Colorado Payback. It must include a description of the property with identifying numbers, the name and last known address of the owner and where the property is being held (CRS 38-13-110).

The easiest way to make a timely filing of this report is to create policies and procedures for tracking unclaimed property, including when its dormancy begins. This way, should state auditors ever request your records, you can easily identify which items become ‘presumed abandoned’ in this year and which efforts you have made to locate the owner, in accordance with the statute.
_  _  _
If you have not already adopted such policies and procedures, or would like some assistance in doing so, please contact Matthew Groves (matthew.groves@colorado.auto) for a copy of the Unclaimed Property Self-Review Guide.
 
We’re shooting for new heights — and with your help, EVERYONE wins!

Turn your donation into a scholarship!
Help a student.
Help the environment.
Help yourself.

 
To date, the Clear the Air Foundation has received 487 cars and several cash donations from dealerships that don’t receive old, high polluters in trade.
 
Our goal is to recycle 800 cars by the end of the year. We’re more than halfway there — and we need your help!
 
To make a donation, contact George Billings, Director: 303.775.8896
CADA Regional Meetings
break participation records
The 2017 CADA Regional Meetings schedule wrapped up last Thursday, October 19 at CADA Headquarters. THANK YOU for attending a meeting near you — or driving to another location.
 
We appreciate your effort and hope you walked away with a deeper understanding and appreciation of what CADA does for you and on your behalf as you face continuing changes in government, policy, technology and consumer expectations. After all, our job at CADA is to do everything we can to ensure that you and your dealership survives and thrives well into the future.
 
This year marks a record 246 dealership staff members who participated in one or more of CADA’s Regional Meetings — a whopping 87 percent of all dealer members!
 
Again, THANK YOU FOR PARTICIPATING — and keep us posted about how we can best serve YOU!
Final 2017 Regional Meeting at CADA Headquarters, October 19.
Colorado Safety Association   -   November Schedule of Events
NSC First Aid / CPR and AED
November 1 (8:00 am to 2:30 pm)

Do you have the confidence to respond in an emergency? CSA offers the National Safety Council First Aid /CPR & AED training. This nationally recognized training provides the life-saving skills you need to handle an emergency until a professional arrives!
Course content includes: Breathing and cardiac emergencies, identifying and caring for bleeding, sudden illness and injuries; preventing disease transmission; allergic reactions.
This course meets the requirements of the OSHA First Aid Standard (29CFR 1910.151). First Aid and CPR Certificates are good for two years.
All Participants: $65

Forklift Operator Instructor Development
November 7 (8:00 am to 4:00 pm)

This course is designed for companies that would like to conduct their own forklift operator certification training at their facility. Participants will get the basic tools needed to establish a powered industrial truck program at their workplace. CSA will teach you the OSHA requirements for powered industrial truck training to make sure your operators are safe and in compliance. Forklift experience is highly suggested for instructor candidates. Participants will receive an Instructor Manual that includes a sample written exam and sample skills test. They will also receive a basic PowerPoint presentation.
Member: $245     Alliance Member: $275    Non-member: $325

Sologic Root Cause Analysis- Analyst Level 1: Facilitator - New!
November 9-10 (8:00 am to 5:00 pm)
The two-day Analyst Level 1: Facilitator course provides students the knowledge, skills, and confidence needed to analyze and solve important problems. Students will learn to gather evidence, create a problem statement, analyze cause and effect, identify effective solutions, and develop a professional final report. Sologic RCA is a streamlined methodology based on cause and effect. It ensures that the final report represents a complete understanding of the event being analyzed and recommends corrective and/or preventative actions. The course includes a license of Causelink Desktop RCA software and a discount on Causelink Individual web-based software for each student.
Causelink Desktop provides an intuitive user interface and functionality to provide analysts the ability to easily build cause-and-effect charts, create RCA reports, and share their results.
System Requirements for Causelink:
• Processor: Minimum Intel Pentium III 1 GHz or faster; Recommended Pentium 4, 2 GHz
• Operating System: Windows 10, Windows 8, Windows 7, Windows Vista SP1, Windows XP SP2 & SP3
• Memory: Minimum 512 MB of RAM; Recommended 1 GB of RAM
• Microsoft .NET 4.0 Framework
• Adobe Reader
Member: $995      Alliance Member: $995      Non-member: $995
 
** Seminars marked with ** will save $10 on the listed fee when you register early. Early registration savings expire two (2) weeks prior to the seminar.

*These Sessions are Pinnacol Safety Group Approved.
Complete Course Information and Registration - Click Here
Upcoming Events & Seminars
Advertising Compliance
(available online)

CLICK HERE for more information
To purchase a copy, please contact:
CADA Headquarters: 303.831.1722
SeminarRSVP@colorado.auto

Damage Disclosure Webinar
(available online)

CLICK HERE for more information
To purchase a copy, please contact:
CADA Headquarters: 303.831.1722
SeminarRSVP@colorado.auto

TITLE SPONSOR OF THE 2017 CHARITY PREVIEW PARTY
2016 / 2017 IN-KIND SPONSORSHIP THANKS TO
ENDORSED PROVIDER / PROGRAMS

For information about any of the Endorsed Provider’s products or services, contact
Polly Penna polly.penna@colorado.auto 
303.457.5119 office  |  303.945.6426  mobile

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