| NOVEMBER 2009 |
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Are You Paying Too Much for Credit Reports?
In these challenging economic times, we recognize expenses are being evaluated closely in order to improve your bottom line profits. 700Credit is committed to providing dealerships nationwide with cost saving programs tailored with a variety of options to meet all their needs for Credit Reports, OFAC Compliance, Red Flag Identity Theft, Adverse Action Letters, and more. Click here to find out how you can begin saving today.
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Veteran Payment Systems Offers SLADA Members Discounted Credit Card Processing
Are you paying too much for credit card processing? Are you even completely sure what rates you are paying your current processor? SLADA and Veteran Payment Systems are here to help. Veteran is offering SLADA members exclusive pricing on your payment processing along with an unprecedented, up-front approach to being your credit card processing partner. Click here to find out how you can begin saving today.
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2010 Annual Fuel Economy Guide Now Available
Dealers have a legal responsibility to provide the guide to customers upon request. The U.S. Department of Energy and U.S. EPA are seeking help from dealers to provide their customers with information about fuel economy and the benefits of driving more fuel-efficient vehicles. The guide gives consumers important information about estimated fuel costs and mileage standards for model year 2010 vehicles. The guide is also available to mobile users (fueleconomy.gov/m), and is readily accessible from a mobile device, smart phone, or personal digital assistant. Click here for a copy of the guide and you can save a copy to distribute to customers upon request. Click here for the EPA/DOE letter detailing the legal responsibility of dealers to make the guide available to customers.
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IRS Memo Addresses UNICAP Compliance
The memo, which is not an official pronouncement of law or the position of the IRS, provides direction to IRS field examiners on how to conduct UNICAP audits of franchised car and truck dealers and includes an "audit tool kit." For more information on the memo and a copy of the toolkit, click here.
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Clunkers Program Results in Potential LIFO Mess by LarsonAllen LLP
Inventory levels are significantly lower this year-end due to the sales generated during the Car Allowance Rebate System (CARS or "cash for clunkers"). Consequently, dealers that account for inventory using the last in, first out (LIFO) method may need additional cash when filing 2009 tax returns. Click here to read the entire article.
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F&I Experts Discuss F&I Basics: The Art of the Deal
In today's challenging economic environment, almost every dealership needs more profit. F&I provides the highest profit margin per dollar sold in the dealership, so it makes sense to look to F&I. Click here to read the entire article, The Art of the Deal, which was written by Glen Roberts and published in the February 2009 issue of F&I Management & Technology.
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Trends in Trade Appraisal: Then and Now
In the past, the prevailing wisdom was to acquire the trade-in vehicle for the least possible amount of money in order to facilitate the sale of the new vehicle and to maximize the profit opportunity of the trade-in vehicle. This mentality frequently created tension between the new- and used-car departments. To read more about Trends in Trade Appraisal, click here.
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St. Louis Auto Outlook
The St. Louis Auto Outlook is filled with valuable, objective information on the metro area's new retail automotive market that can't be found anywhere else. The St. Louis Auto Outlook tracks monthly vehicle registrations in the greater St. Louis metro area. Click here to see the latest monthly report.
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Calendar of Events
| St. Louis Service Managers Club Meeting |
Thursday, December 3, 2009
12:00pm-2:00pm
St. Louis Auto Dealers Association
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Join your fellow service managers to discuss the issues that really matter to you and your dealership. At this meeting, we will discuss a potential advertising campaign promoting the benefits that your service departments have over the independents. This meeting is open to ALL SERVICE MANAGERS!
RSVP today by calling 314-822-0333 or e-mailing kheineman@stlautos.com.
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| Auto Dealers Office Managers Association (ADOMA) Meeting |
Wednesday, January 20, 2010
6:00pm-8:00pm
Location TBD
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Join your fellow office managers for an evening of networking. This meeting will be hosted by SLADA and Chris Adelmann, the Executive Vice President of SLADA, will discuss what is going on at the association along with some of the things being done to benefit not only its dealer members, but their management staff as well. This group is open to ALL OFFICE MANAGERS!
RSVP today by calling 314-822-0333 or e-mailing kheineman@stlautos.com.
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| Cheers for Children! Charity Gala |
Saturday, January 30, 2010
7:00pm-11:00pm
America's Center
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Sponsored by:
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Come celebrate a night on the town complete with valet parking, hors d'oeuvres, cocktails, live music courtesy of Fresh Heir, an auction, and an exclusive viewing of the St. Louis Auto Show. Proceeds from the event benefit the St. Louis Children's Hospital, the St. Louis Crisis Nursery, Cardinal's Care, Herbert Hoover Boys and Girls Club, Make-A-Wish Foundation of Missouri, Team Activities for Special Kids, and the St. Louis Auto Dealers Association Charitable Foundation.
Download the invitation.
Tickets are $50. Reserve yours today by calling 314-822-0333 or e-mailing kheineman@stlautos.com.
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To make sure you get your Saint Louis Auto Dealers Association emails,
please add kheineman@stlautos.com to your address book.
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