AutoSuccess Magazine eNewsletter

July 30, 2014 Volume 1 Issue 81  
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Contents
Why Should You Invest in Paid Search?
Youthful Drivers...is Your Company Exposed?
Vacation Tips from Tirerack.com: Avoidable Summer Road Hazards That Will Cost You
Brownback Dealer Motion Heads to Conference
The Dealership Top Five: Expert Legal, Accounting, Financing and Acquisition Tips To Keep Your Dealership On Track Seminar
vAuto Releases Mobile iPhone App
National Car Care Month a Big Hit
Autobase, Inc. Delivers Equity Alerts for Auto Dealers
MPi Helps Auto Dealers Improve Service Department Profits with Release of New eBook “Key Secrets to Customer Pay Success”
AA Auto Protection Announces Privacy Protection Guarantee
Brownback Dealer Motion Heads to Conference
AIADA Pleased as Senators Instruct Conferees to Include Dealer Exemption in Final Financial Bill


Alexandria, VA – The American International Automobile Dealers Association (AIADA) reacted positively this evening to the Senate’s passage of the Brownback Motion to Instruct the Financial Regulatory Reform Conference. The motion directs conferees to accept the House of Representative’s Campbell Amendment, which exempts dealers from new financial oversight. The Brownback Motion was passed by a vote of 60 to 30.

“AIADA is pleased to have an overwhelming bipartisan majority of the Senate on record supporting auto dealers,” said AIADA President Cody Lusk. “We also recognize that the true battle lies ahead, and will take place behind closed conference doors. All eyes are now on the conferees, and we are hopeful they will accept the language of the House of Representatives, the instructions of the Senate, and the wishes of their own constituents and exempt dealers from the final financial reform bill. Dealers are already heavily regulated at the state and federal levels. More and redundant oversight will needlessly strain these small businesses and prevent them from offering financing options to customers.”

AIADA has worked for months to include an exemption for dealers in finance reform. Last week, nearly 250 of AIADA’s dealer members gathered in Washington, D.C. to visit Capitol Hill and urge their Senators to support the Brownback amendment to exempt dealers. Dealers now plan to reach out to conference members and remind them that their small businesses played no part in the financial downturn and should not be targeted in a bill aimed at reforming Wall Street banks.


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