Dear KADA Members,
Despite various challenges and changes in market demand, the automotive industry continues on a path of steady growth. As inventory levels and incentives rise, car dealers are slowly working their way back to pre-pandemic norms. From an association perspective, we have been growing in both dealer membership and vendor partnerships.
All of this growth has come in the face of several threats to our business and to the franchise model. From the FTC’s Safeguards Rule to electric vehicle requirements to direct sales attempts, there has been no shortage of obstacles thrown in our path over the past year.
As your association, it is our job to protect your business and your interests. Which is why, alongside fellow associations as well as NADA, we have been busy monitoring these threats, sending letters to those in power and ensuring that you all, our dealer body, are informed and prepared for any new developments.
Additionally, we were very active and successful in this year’s Legislative Session. We focused on House Bill 167, 375 and 833. HB 167 resolves discrepancies with prior owner disclosure information, while HB 375 makes registration for out-of-state co-buyers easier. HB 833 enables qualifying dealerships to conduct their own inspections on out-of-state vehicles and helps deter fraud.
Looking ahead, we are extremely excited about the implementation of electronic titling and registration across the state — finally! This is a significant step forward for our industry in the state of Kentucky, and we are proud to be at the forefront of this important improvement.
Your Kentucky Auto Dealers Association is here to support your business in a multitude of ways. Aside from advocating on your behalf, we are here to provide you with educational opportunities, the best in automotive products and services offered by our partner programs, networking events, the latest news and more. We encourage you to take advantage of all the resources available to you, and please don’t hesitate to reach out with any questions or concerns.
We will continue to work hard to represent and support the car dealers in Kentucky. Onward!
Jason Wilson
President, KADA
