TIADA UPDATE
TIADA News
Texas Dealer Magazine - June Issue

The June issue of Texas Dealer is now available online at txiada.org. This month we are previewing our Annual Conference & Expo, taking place July 23 - 25 in San Antonio. We also recap some of our efforts to protect your business during the recently ended legislative session. 

Other articles include:
Dealer Education
Better BHPH Financials: How to Get Organized for Growth
Presented by David Keller, CPA
 CliftonLarsonAllen
Tuesday, June 20 - Houston
The craziness of a busy BHPH operation can make it tough to plan for future growth. But sometimes you need to take a few hours off from working IN your business so you can work ON your business. This 1/2 day seminar will demomstrate how better organizing your financial and operations structures can be the key to growing your portfolio.   
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Blog: Titling a Vehicle That Was Previously Repossessed
  
 

Wondering what to do when it's time to dispose of a repossessed vehicle? A dealer has several options, including selling the vehicle at a wholesale auction, selling it to another dealer, and selling it at retail price on the dealer's own lot. Whichever method you use, make sure that you have the appropriate documentation to deliver title to the subsequent purchaser. In our latest blog post, we explain what those documents are. 

Plan Your TIADA Conference Schedule Today  


The  complete education schedule  for the 2017 TIADA Annual Conference & Expo , including dates and times for each session, is now available. There will be over 30 hours of quality dealer education across five learning tracks.

Not registered yet? Register today before the June 23rd early bird deadline and save $100 per registrant. The conference will run from July 23 - 25 in San Antonio. Don't forget to book your room!

And be sure to check in at the Facebook Event Page for all the latest buzz and most recent announcements.

TxDMV Warns of Stolen Titles

TIADA received a notice from the Texas Department of Motor Vehicles regarding title thefts in Arizona. As a result of a theft of blank titles in April 2017, the State of Arizona has alerted jurisdictions that roughly 25,000 blank Certificate of Title forms have been stolen from the state. Along with the notification, TxDMV forwarded a list of the control numbers identified as stolen since 2002.

TxDMV advises dealers not to reject an application if a customer surrenders an Arizona Certificate of Title identified on the list. Instead, please follow the Red Flag procedures outlined in Registration and Title Bulletin #009-16.

Industry News
Will Buffett Stores Get Booted in Texas?

Warren Buffett's 31 Berkshire Hathaway Automotive dealerships in Texas face an uncertain future after the state Legislature failed to take action to make them legal. The dealership group ran into trouble in April when it was discovered that parent Berkshire Hathaway Inc. also owns Forest River Inc., a recreational-vehicle maker. A Texas law prohibits vehicle makers from operating dealerships in the state - even stores selling other vehicles. It is the same law that bars Tesla-owned stores.

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Value Is Not Extinct with 2DollarCars

All cars sold with a TWO DOLLAR reserve, no gimmicks, no games. Many sold on GREEN LIGHT. View all of our fresh wholesale inventory and get monster rebates. Need help? Email [email protected]  MORE > 
Texas Dealership Regroups after Killings

On Wednesday, May 31, dealer Rick Ford stood in the showroom of Nissan of Greenville (Texas) assessing the damage as a crime-scene cleanup company worked to sanitize the store after a shootout the previous day left three dead. It was hardly the way he had expected to close the month. Trying to get the store back to normal, he worried about counseling traumatized staff and reassuring shoppers.

Attendees Cheer NABD for Latest Conference

Stemming from some of the feedback organizers shared, the National Alliance of Buy-Here, Pay-Here Dealers completed its mission during the 19th annual National BHPH Conference last month in Las Vegas. John Baughman of Lake Erie Auto Credit said, "I wanted to come away with at least one idea that would help our business. I got that times 10."


Who Else Wants To Stop Wasting Time And Money On Useless Advertising And Maximize Profits With The Effective Strategies That Are Working Today? It can be overwhelming. Have your advertising analyzed and discover new opportunities. 

 Go to www.DealerProfitPros.com/discovery
FCA Under Investigation for Failing Airbags in 2012 Jeep Liberty

The 2012 Jeep Liberty SUV is under a preliminary U.S. safety investigation for complaints of a failing airbag control computer, which could hinder the airbag from operating properly in an accident. The National Highway Traffic Safety Administration disclosed the probe in a document dated June 1 on its website. About 105,000 vehicles from the 2012 model year are subject to the investigation.

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Toyota Holds off BMW to Remain Most Valuable Car Brand; Tesla Rises to No. 8

Toyota defended its title as the world's most valuable car brand in a new ranking, holding off BMW and Mercedes-Benz. Tesla, meanwhile, made the biggest improvement, rising two spots to No. 8 because of a 32 percent increase in its brand value. Toyota's brand value decreased 3 percent to $28.7 billion as increased sales were offset by tough currency challenges as well as increased investment and rising labor costs, according to the BrandZ Top 100 Most Valuable Global Brands study released by market researcher Kantar Millward Brown.

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Patty Huber, Director of Associate Member Relations, 512.244.6060 | Download media kit
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Texas Independent Automobile Dealers Association
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