Death, Taxes, and the Family Businesses

With tax season upon us, now is a perfect time for dealers to consider exactly how much we add to local, state, and federal coffers. Paying taxes is part of being a responsible citizen and business owner, and I’m always proud to see how much our industry contributes to the community and country we love.

What Happens in Washington Doesn’t Stay There

Twelve years ago, the Las Vegas Convention and Visitors Authority came up with one of the most iconic advertising slogans of our time: What Happens in Vegas, Stays in Vegas. The slogan inspired an Usher song, a trilogy of Hangover movies, and hit a nerve with vacationers, helping grow annual visits to Sin City from 35.5 million in 2003 to 39.5 million in 2012.

Left Hanging by the CFPB

On February 18, a coalition of industry trade groups, including the American Financial Services Association and the national Chamber of Commerce, sent a letter to the Consumer Financial Protection Bureau. In the letter, the coalition asked the CFPB to publicly respond to the 2014 Charles River Associates’ study, which found that the methodology used by the bureau to measure disparities in auto dealer reserve was inconsistent and unsound.

Introducing the Hoffman Post

Last month in San Francisco I accepted the AIADA Chairman’s gavel from 2014 Chairman Larry Kull, along with a number of new responsibilities. Chief among them is to be the voice for AIADA’s dealer members. So it is with optimism, anticipation, and excitement that I introduce the Hoffman Post. Like the great automotive leaders who have come before me, I want to use this space to communicate directly to AIADA’s members and to provide an unfiltered view of our industry to both the public and media.

New Beginnings

Our association was founded 45 years ago by a group of Volkswagen dealers working to shield their brand from Washington, D.C.’s anti-trade, anti-business legislation. In 45 years, a lot has changed. But our core mission, to protect the interests of international nameplate dealers at the federal level, remains the same. And our membership hasn’t changed – not where it counts. We are still comprised of mostly small, family businesses. You can still find us in nearly every community in the United States; paying taxes, supporting charities, and hiring hard working Americans. Most of all, you can still count on our commitment to this industry and our love of cars.

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