Pub. 1 2021 Issue 2

The KADA Golf Tournament teed off Monday, August 9, at the University Club of Kentucky in Lexington. Attendees had a great time networking and having fun with their fellow dealers. We hope you will join us at our next event!

Each month, KADA’s legal counsel, Ron Smith and Sarah Bishop from Stoll Keenon Ogden PLLC, will offer a look at applicable Kentucky statutes and their impact on Kentucky dealers. This month, their focus is on Kentucky’s dealer incentive statute. THE PROBLEM: As dealers know, over the past few years most manufacturers have reduced gross profit

Thank you to everyone who attended our Next Gen event, Tuesday, July 20th, at the National Corvette Museum.
Attendees enjoyed a guided museum tour with Derek Moore, Director of Collections & Curator, a delicious dinner, and a legislative overview and Q&A with Senator Mike Wilson and Representative Steve Sheldon.
We all enjoyed a great evening and hope to see you at one of our upcoming Next Gen events.

KADA would like to thank everyone who participated in our convention in Palm Coast, Florida. We had an incredible time meeting, learning, relaxing and spending time together face to face.

Thank you to all the dealers who attended – along with their families – and to the sponsors whose support was crucial to putting this on. This was our biggest convention in many years thanks to your support and involvement!
Please enjoy the following convention photos as well as this short video for those who missed it!
We hope to see ALL of you next year in Asheville, NC at the Omni Grove Park Inn from June 20-23, 2022 for our
75th Annual Convention.

With alarming frequency, we hear news of the latest data breach or privacy intrusion involving customer information. Indeed, as this article was going to print, reports surfaced of an OEM’s circulated memorandum to its franchised dealers advising them of a vendor data breach potentially affecting more than a reported 3.3 million customers and prospective car buyers1, causing the industry to once again take inventory of data security and privacy issues.

The Employee Retention Tax Credit (ERTC) provides a 70% tax credit on the first $10,000 in wages per employee. For each quarter the business meets criteria in 2021, a 50% tax credit equivalent to $10,000 in wages per employee in 2020 is granted for qualifying businesses.

COVID-19 changed every aspect of our society, including the way dealerships operate and how consumers purchase vehicles. As states reopen and businesses return to normal operations, some key trends will continue even after the coronavirus is under control. Here is what you can expect to see post-pandemic and how to position your dealership for success in the long run.

For those of you who have not had a chance to meet Melissa, she’s been with KADA since December 2016, handling our meeting and event planning and helping with our day-to-day business administration.

We sat down to chat with Melissa and get to know her more.

One of the most attractive benefits to consumers in any industry is purchasing products and services at a discounted price. Discounting saves customers money, allows companies to earn their business and disciplines the prices competitors offer for the same items. In a normally functioning market, it is a win-win for both consumers and businesses.

KADA held its 74th Annual Convention June 14-17, 2021, at the beautiful Hammock Beach Resort. It was wonderful being with everybody and participating in the many events that took place. You may have watched the short intro video we created for the convention. (If you missed it but are interested, there is a video link