Last week, I attended AIADA’s 9th Annual International Auto Industry Summit in Washington, D.C., along with some of our industry’s top dealers, leading thinkers, and most innovative CEOs. The program was packed; covering everything from the buy-sell market, to hiring and selling to millennials, to a new study detailing our positive impact on the American economy.
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.
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.
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.
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.
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