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The US Department of Transportation and the National Highway Traffic Safety Administration have begun audits of dealers. We expect that a high percentage of dealers will be audited.

We have received word that Virginia dealers have been visited by auditors. In one case, the auditors appeared for an initial introduction and indicated they would return in the coming weeks to review all documentation of clunker deals, including information concerning the disposal process in order to confirm dealers had enough of the required materials to dispose of the vehicles for which they claimed rebates.

This appears to have gone beyond the initial audit phase of verifying dealer eligibility that has been reported in other states.

Given the possibility of scam artists capitalizing on the situation, if someone shows up at your dealership stating that they are from the U.S. DOT (NHTSA) and they want to audit your CARS Program transactions, we recommend that you ask to see their ID. It should contain the auditor’s picture, United States of America, Department of Transportation, and the U.S. DOT logo.

We also encourage you to either copy the credentials or take down all of the information for your records.

Team VADA

CLICK HERE for all the "Cash for Clunkers" Updates

Take Action: Ask Congress To Support HR2743 & S1304!

HR 2743, the "Automobile Dealer Economic Rights Restoration Act of 2009" (a.k.a.-the Maffei-Kratovil Bill) and the Senate Companion Bill, S1304, would restore rights to Chrysler & GM dealers stripped by the bankruptcy courts. This legislation will ultimately help ALL dealers, regardless of your franchise!

Call & email your Senators & Congressional Representative TODAY to ask for their support of this important legislation!

To find out how, click here.

Join The Committee for the Restoration of Dealer Rights!

Jack Fitzgerald, Alan Spitzer and Tammy Darvish have spearheaded the formation of the Committee for the Restoration of Dealer Rights, a group committed to the passage of HR2743, legislation which would effectively reinstate the rights of dealers under state franchise laws. Support the Committee working to reinstate your rights!

Read Jack Fitzgeralds Message To You By Clicking Here
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Review Jack' Supporting Documentation By Clicking Here
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Go To The Committee's Website By Clicking Here

SBA Announces Floorplan Loan Pilot Program

The U.S. Small Business Administration will offer government guaranteed loans to finance inventory for eligible auto, recreational vehicle, boat and other dealerships under a new pilot program. Dealer Floor Plan (DFP) financing will be available beginning July 1.

Below are links to information provided by SBA.

CLICK HERE TO GO TO THE SBA WEBPAGE ON THIS PROGRAM
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Dealer Floorplan Financing Overview
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Dealer Floorplan Financing Q&A
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Floorplan Financing Press Release
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Floorplan Financing Talking Points
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