Book your room at The Broadmoor now! Rates expire Monday!
Then relax and enjoy the perks!
What's not to love?!
The Broadmoor is the longest-running 5-star, 5-diamond hotel in the country! And CADA has negotiated a spectacular room rate for the Annual Convention. The Broadmoor rate expires April 25! And they're going fast! Book your room now!
With more than 3,000 acres, The Broadmoor is the perfect backdrop to a number of activities — from ziplining to spa treatments, hiking to shopping, fishing to golf, relaxing by the pool, and so much more. You'll easily find something to do, and be pampered in the process!
Rooms are going fast at The Broadmoor!
CADA's first Spring Annual Convention kicks off Memorial Day weekend.
Outside our room block, The Broadmoor is already booked solid. Book your room before our room block deadline on Monday April 25!
Department of Revenue's Budget Committee makes Board recommendations
If you were unable to attend this month’s dealer board meeting, here's a brief recap.
April is the month where the Department of Revenue’s Budget Committee makes recommendations to the Board on how to adjust fees for the coming year. If you recall, the Board lowered fees last year by approximately 35%. Following that decision, we expected a sizeable increase this year. Rather, the Committee recommends that the Board hold fees flat for 2022. This is a win for dealers.
The forecast for the industry was about seven percent growth in the calendar year, which would reflect about five percent industry growth within the government fiscal year (July 1-June 30). The Committee estimates the Division will begin the fiscal with approximately $1.4 million, which is within the 16.5% margin they are allowed to carry over from the previous year.
Additionally, a franchised dealer was cited this month for unlicensed sales in the absence of acquiring an off-premise permit for an event taking place away from the primary place of business. This is a reminder as summer approaches and big advertising and selling events appear on the horizon — such as lke the Greeley Stampede or Cherry Creek Arts Festival — that you need a permit if you're going to conduct sales activity. This includes any test drive or discussion of price or financing beyond a simple explanation of features on the vehicle displayed.
As a reminder, there is no business meeting in May, so the Board will reconvene in June.
In case you missed it: On April 6, 2022, CADA hosted the first Colorado Electrification seminar, where dealers had the chance to talk with a panel of experts — from energy providers, the Colorado Energy Office and a variety of Electric-centric organizations. This seminar was facilitated by former car dealer Ryan Ferrero and offered answers to dealers questions, including:
How do I know if my transformer can accommodate DC fast charging?
How do I understand my utility company's tariff rates?
How do I find, apply for, write and receive large grants?
And SO MANY MORE QUESTIONS!
The lively, highly interactive seminar is now available from CADA's Education on Demand! Download it today and stay on top of the fast-changing world of dealership electrification.
For information about any Endorsed Provider's products or services, contact Marsha Temple 303.457.5123 office | 303.589.3801 mobile
Federated Insurance is offering complimentary risk management training for auto dealers on May 24-26, 2022. Through this valuable session, you will discover methods you can use immediately to help protect profits by reducing risk at your business.
Companies that are the most successful at controlling losses and protecting profits have integrated risk management into their overall company culture. Many have designated a key person as their risk manager. This person is supported by your company’s top management and is both responsible and accountable for identifying loss exposures and implementing risk management solutions.
This seminar’s objective is to help your risk manager learn the exposures specific to the auto dealer industry, connect with peers from across the country and apply these best practices within your business.
You can learn more by viewing a brief video about the Risk Management Academy. To reserve your spot in the upcoming session or for more information, please contact drm@fedins.com or call (800)533-0472 Ext. 455-5958. Or, visit Federated's website.
Learn.Connect.Apply
At Federated Insurance, It’s Our Business to Protect Yours®
Founded in 1904, Federated Insurance is a national insurance and risk management organization that serves the property, casualty, and life insurance needs of clients in select industries. The organization has more than 500 recommendations from state, regional, and national associations and buying groups and is rated A+ (Superior) by industry analyst A.M. Best®.
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