EV Webinar Series: Michigan’s EV Infrastructure

MADA is arranging a series of webinars with information from organizations involved in the advancement of Michigan’s EV policies and the electric grid. These webinars will present information on Michigan’s vehicle electrification plans, as well as both the positive aspects and challenges to the mass adoption of EVs. Speakers will include individuals from state government and utility companies, economists, industry leaders, etc.

Dealers have a big investment in the future of mobility in Michigan. These webinars will provide important insight to the plans being made and potential impacts on your business and employees. Michigan dealers are “all in” on EVs – and these webinars will provide information to help your business and employees meet that commitment.

 

MADA EV Webinar #1: Michigan’s EV Infrastructure

Michigan has created the new Michigan Office of Future Mobility and Electrification and announced it is expanding its electric infrastructure to support a transition to electric and hybrid vehicles. This electrification strategy will have an impact on dealership operations, employee training and consumer interactions. Dealers have an investment in Michigan’s mobility infrastructure – and it is important that we are knowledgeable about the plans being developed by state government.

Please join us for a discussion with Judd Herzer, the Director of Strategic Policy for the Michigan Department of Labor & Economic Opportunity. In this role, he assists department agencies with strategic policy initiatives and is the primary manager of policy for both the Office of Future Mobility and Electrification and the Michigan High-Speed Internet Office.

View this webinar on-demand

How to Comply With the Revised Safeguards Rule

Technology & Training Improvements Need to Begin Now! On October 27, 2021, the FTC finalized revisions to the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule for the first time since the rule was issued in 2002. The revised rule is effective January 10, 2022, but most provisions are delayed until December 9, 2022.

In its announcement, the FTC specifically names “automobile dealerships” as non-banking financial institutions that fall under the purview of these new revisions. A series of new technical and administrative requirements have been imposed on dealers (see below), with penalties of up to $46,517 per violation.

MADA encourages dealers to review the ComplyAuto webinar and slides linked  below, as well as the NADA dealer guide, which was co-authored by Chris Cleveland with ComplyAuto.

 

Solutions for the Safeguards Rule

Link to the webinar about revised Safeguards Rule compliance requirements, with information about ComplyAuto

Copy of the ComplyAuto slide presentation (contact information is on the last page)

NADA’s A Dealer Guide to the FTC Safeguards Rule

Let’s Recognize Michigan Dealers!

We invite dealers and staff to help us recognize and reward Michigan dealers for their commitment and support of community and education. Please nominate a deserving dealer for the Northwood University Dealer Education Award and/or the Time Dealer of the Year Award. A nomination form is available HERE.

Northwood University Dealer Education Award

The Northwood Dealer Education Award was developed by Northwood University to recognize automobile dealers across the United States for their dedication and contributions to the advancement of education, both inside and out of the automotive industry.

View a list of past winners.

 

Time Dealer of the Year Award

The TIME Dealer of the Year Award is sponsored by TIME Magazine, in partnership with Ally and in cooperation with NADA.  The program was created to draw attention to new-car dealers who demonstrate outstanding dealership performance and exceptional community service.

View a list of past winners.

MADA Education Series: Michigan’s EV Infrastructure

MADA is arranging a series of webinars with information from organizations involved in the advancement of Michigan’s EV policies and the electric grid. These webinars will present information on Michigan’s vehicle electrification plans, as well as both the positive aspects and challenges to the mass adoption of EVs. Speakers will include individuals from state government and utility companies, economists, industry leaders, etc.

Dealers have a big investment in the future of mobility in Michigan. These webinars will provide important insight to the plans being made and potential impacts on your business and employees.

Presentation from the Michigan Office of Future Mobility and Electrification

Michigan government is developing plans for the advancement of our mobility infrastructure. How will you be involved?

>> May 12, 2022 at 1:30 pm, via Zoom (look for a registration link in Fast Facts!)

The first webinar in our EV series will introduce you to the recently created Michigan Office of Future Mobility and Electrification. This office will work across state government, academia and private industry to enhance Michigan’s mobility ecosystem, including developing dynamic mobility and electrification policies and supporting the startup and scale up of emerging technologies and businesses.

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The office has six key areas of focus:

  • Increase Mobility Investment in Michigan
  • Expand Michigan’s Smart Infrastructure
  • Engage More Mobility Startups
  • Further Enable Michigan’s Mobility Workforce
  • Accelerate Electric Vehicle Adoption in Michigan
  • Bolster Michigan’s Mobility Manufacturing Core

Our speaker, Judd Herzer, is the Director of Strategic Policy for the Michigan Department of Labor & Economic Opportunity. In this role, he assists department agencies with strategic policy initiatives and is the primary manager of policy for both the Office of Future Mobility and Electrification and the Michigan High-Speed Internet Office.

We invite dealers, staff and associate members to join the live presentation on May 12. A recording will be available on-demand at a later date.

 

New Option for Consumer Privacy and GLBA Safeguards Rule Compliance

MADA is exited to announce a new partnership with ComplyAuto that will help dealers meet the requirements of the revised FTC Safeguards Rule.

In staying ahead of the curve and continually looking for ways to support our dealers, MADA has been actively looking for a solution to help Michigan dealers comply with the Gramm-Leach-Bliley Act’s revised Safeguards Rule. We found solutions for compliance with ComplyAuto.

ComplyAuto is a regulatory tech company that currently serves more than 1,000 dealerships and some of the largest groups across the country. The company has partnered with NADA and a number of other state dealer associations. Its products and services include compliance with state consumer privacy laws and the federal GLBA Safeguards Rule, and advanced cybersecurity protocols that include penetration testing, vulnerability scanning, phishing simulation software, and security awareness training.

MADA will be hosting a webinar with Chris Cleveland, co-founder and CEO of ComplyAuto, to introduce the program to dealers and provide an overview of how it can assist with your consumer protection and privacy requirements.

>> Please add Tuesday, May 10 at 2:00 pm to your calendar. A webinar registration will be available in Fast Facts.

 

The Importance of Kindness and Compassion at Work  

It’s only natural to, at some point, associate work with feelings of stress.  

Job security and pressure to perform can creep into our minds daily. Major changes to workflow and our job descriptions can strike up feelings of anxiety and self-doubt. Rocky relationships with superiors, subordinates or colleagues may keep us up at night from time to time.  

For these reasons and more, kindness should be emphasized at work. Every company should strive to foster an environment ripe with company-wide norms of kindness, as happy, upbeat employees typically make for a motivated and productive organization 

SPREADING KINDNESS VIRTUALLY

The COVID-19 pandemic is approaching the two-year mark and a lot of companies are still working remotely. As a result, opportunities for offhand encouragement, “job well-done” and face-to-face bonding are greatly decreased when staffs only see each other in a virtual setting only, for a few hours a week.   

Offset those lost moments by scheduling “check-in” or “coffee hour” virtual meetings in which business isn’t necessarily the priority topic. Set aside occasional small blocks of time to complement employees on their recent work. Find out how they are doing personally, strike up conversation about light current affairs, and share recipe ideas. Sprinkling a laxed setting into a week full of planning meetings can be beneficial to everyone.  

Break up the monotony even further by organizing online team-building activities when appropriate. Virtual quizzes, “name the 50 states” competitions and “whodunit” mystery games can promote communication and collaboration among your staff. Icebreaker games in which employees share facts about each other can help recently hired team members get to know everyone else.  

Schedule these every so often on Friday, in place of the last couple hours of work, to send everyone into the weekend on a fun note. Team-building events like these could help quash feelings of competition among employees.   

LITTLE ACTS GO A LONG WAY

Surprise morning donuts and lunchtime pizza have gone by the wayside during the pandemic, but these gestures can be recreated. Do you have a big quarterly conference coming up? Consider sending employees care packs of coffee or donuts ahead of it.  

Sending complimentary emails every so often can serve as confidence boosters. For some employees, simply seeing an email sent by their boss can make them tense up. Sending genuine praise and encouragement, when deserved, can help humanize employers to their staff, particularly to employees who seem intimidated.   

COMPASSIONATE LEADERSHIP

Demonstrating compassionate leadership could go a long way in building trust and increasing employee retention. That compassion should always be authentic.  

If COVID-19 has hit the family of one of your employees hard, or they are visibly struggling mentally, offer paid leave and mental health sick days. If you notice an employee has an overloaded day or week ahead of them, delegate tasks to another employee with a lighter workload.  

Simply listening is crucial, as well. Taking time out of your day to lend an open ear to a frustrated or confused employee can chip away at their stress levels. Even if a concrete solution doesn’t result from these conversations, letting them know your door is always open is another trust-building trait.    

Remember, these same sentiments should be ingrained into the fabric of any team leaders your company may have. Kindness in the workplace starts from the top down.   

This article was originally published on www.mibluesperspectives.com, a website sponsored by Blue Cross Blue Shield of Michigan.  Blue Cross and MADA are your trusted partners in building a healthier business and workforce.

NADA Dealership Workforce Study Now Open

Participating dealers receive compensation and retention data

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The NADA Dealership Workforce Study is the only authoritative and comprehensive examination of dealership compensation, benefits, turnover and retention, hours of operation, demographics, and work schedules. This study provides valuable compensation and retention data on over 60 dealership positions. All data submitted is confidential and no identifiable information is shared.

Participating dealers will receive:

  • Custom Comparison Report – How Your Dealership Compares – how your dealership(s) stack up to comparable dealerships in the nation, region, sales volume and either luxury or non-luxury brands.
  • 2022 NADA National & Regional Trends in Compensation, Benefits & Retention Report – Comprehensive report with analysis of the 2021 calendar year payroll data submitted by the participating members. Summary of benefits, demographics trends, luxury vs. non-luxury comparisons and regional highlights.
  • Access for one year to the NADA Database Search Tool – online database with compensation and retention data from over ten years of NADA Dealership Workforce Studies. Allows you to custom search data for 60+ positions and narrow search to brand, state, city or even zip-code.

NADA dealers who choose not to participate are not eligible for a custom comparison report. However, the Trends report can be purchased (2021 version is $499). These materials are provided for free to those who participate.

Gov. Announces Future $2,000 Rebate for EVs

During Governor Whitmer’s State of the State, she announced a proposed rebate for Michigan residents who purchase a new battery electric vehicle or plug-in hybrid electric vehicle. The governor’s plan to promote the purchase of EVs includes a $2,000 rebate for a new electric vehicle and $500 rebate for at-home charging infrastructure, which can be paired with the $7,500 federal tax credit, knocking nearly $10,000 off the price of a new electric car.

This is an exciting incentive for consumers considering electric vehicles. Implementation of these Michigan rebates will first require the proper legislative process. The electric and plug-in hybrid rebate is not currently available to consumers.

MADA President Bill Perkins commented that the consumer rebate is welcome news for dealers who are looking forward to showcasing current and upcoming EVs from manufacturers in the U.S. and around the globe. “Dealers will be a great resource to find out more about this consumer rebate, see what’s currently available, and learn about exciting new vehicles coming soon,” he said.

To read the complete State of the State address and learn more about the governor’s plans for Michigan, click here.

 

Due Jan. 31: Form 8300 Cash Reporting Customer Notification

Legal reminder from Colombo & Colombo, P.C.

As part of the IRS cash reporting rule, on or before the January 31st following the calendar year for which the Form 8300 was filed, dealerships must provide a written statement to each individual who has been identified on a Form 8300.

Therefore, for transactions that were reported to the IRS for 2021, it is necessary to inform any customer of the Form 8300 filing on or before January 31, 2022. This notification must include the name, telephone number and address of the dealership, the amount of cash that was received by the dealership and that the information has been reported to the IRS.  Please note: The law requires written notification. Merely informing the customer at the time of the sale that you will be filing the Form 8300 is not sufficient. If you sent the customer the notice letter at the time of the transaction, you do not need to send a notice at this time.

Click Here for a sample letter that the dealership can use to notify the customer of the Form 8300 reporting. Failure to send written notice to customers as specified above can result in civil penalties ranging from $250 to $500 per customer. The IRS recommends that businesses keep a copy of every Form 8300 it files and the required statement sent to each customer for at least five years from the date filed.

Vehicle Transactions in 2022

Plug-In Hybrid and Electric Vehicle Fee Increase

Effective January 1, 2022, the added registration fees for plug-in hybrid and electric vehicles increased by the following amounts:

  • The electric vehicle fee increased from $135 to $140 (for vehicles that weigh 8,000 lbs. or more, the fee increased from $235 to $240)
  • The plug-in hybrid fee increased from $47 to $50 (for vehicles that weigh 8,000 lbs. or more, the fee increased from $117 to $120)

NOTE: For dealer transactions, CARS e-Services/CVR determines the correct fee to charge based on the delivery date:

  • If the delivery date is 12/31/2021 or earlier, the previous plug-in hybrid or electric fee is charged.
  •  If the delivery date is 1/1/2022 or later, the increased plug-in hybrid or electric fee is charged.

Up to $8,000 Sales Tax Trade-in Credit

Effective January 1, 2022 the sales tax trade-in credit amount for vehicles delivered on or after January 1 is the price agreed to by the dealer and purchaser for the trade-in vehicle not to exceed $8,000. Please read this notice from the Michigan Department of State for more information.

New Requirement in 2022: Fuel Type Designation on RD-108

In January of 2022, the Michigan Department of State will require all dealers to designate the vehicle fuel type for each new vehicle transaction. This requirement will be enforced by the Michigan Department of State, Business Licensing Division. During MDOS inspections, compliance with this requirement will be reviewed.

The exact implementation date has not yet been announced, but we anticipate the state will begin mandating it by mid-January.