Pub. 2 2022 Issue 1

Kentucky Automobile Dealers Association (KADA) is pleased to recommend a broad range of products and services aimed at controlling expenses in every facet of the dealership. The following products and/or services are recommended by the association’s Board of Directors and endorsed through the association. These vendors are reviewed periodically to ensure the quality of products […]

You’ve probably noticed it’s harder to find people to hire lately. The Macrotrends website says the U.S. population in 2022 is slightly less than 385 million people. The 2020 census found that more than 55 million people (about 14%) had retired. In April 2022, the labor force participation rate was 62.2%, and the unemployment rate was 3.6%. There were already job shortages before the pandemic, but the pandemic worsened it. However, even though many people chose to retire during the pandemic, about 1.5 million came back into the workforce later.

KADA EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS MEETINGS November 9th, Frankfort Country Club Executive Committee Dinner 6:00 pm November 10th, Frankfort Country Club Executive Committee 9:00- 11:30 am Lunch: 11:30 am- Noon Board of Directors Meeting Noon- 2:00 pm KADA ANNUAL GOLF TOURNAMENT September 12th Frankfort Country Club: Agenda & Details TBA KADA DISTRICT MEETINGS

Vehicles powered by electricity aren’t a new thing. Some experts have said the first ones were developed as early as 1828-1832. A British inventor named Robert Anderson displayed another prototype in 1835 at an industry conference. In the late 1880s, a chemist named William Morrison fitted a carriage with a battery. The carriage could carry 12 people and travel about 20 mph.

Catalytic converter thefts present a growing problem for dealers and their customers. In 2021, the National Crime Bureau estimated that more than 52,000 catalytic converters were reported as stolen, compared with 1,300 in 2018. That’s 40 times as many converters, and it doesn’t include the number of catalytic converters thefts that went unreported. If the repair cost is the size of someone’s deductible, they may not report the theft to the police or the insurance company since they will have to pay the money either way. Filing a report creates the possibility of increased insurance premiums; not filing maintains the status quo.

The Federal Trade Commission’s Amended Safeguards Rule has been the subject of multiple articles, webcasts, seminars and more, and with good reason. The amendments to the Safeguards Rule pose significant hurdles for dealers, and the deadline for compliance — Dec. 9, 2022 — will be here before you know it. While most dealers have begun taking the necessary steps to be fully compliant on time, a reminder of the appropriate steps is in order for everyone. While this is not a comprehensive discussion of the Amended Safeguards, it should assist you in evaluating your progress toward full compliance.

To browse the winning issue: https://kentucky-auto-dealer.thenewslinkgroup.org/pub-1-2021-issue-3/ To see the list of winners on The Communicator Awards website: https://tinyurl.com/magazine-association

The 2022 KADA Convention was held June 20-23, 2022, at the beautiful Omni Grove Park Inn in Asheville, North Carolina. The event was a great success, and we’d like to thank all of the dealers, families and vendor partners who came out and participated. This was the largest KADA Convention to date! We hope to see you again next year from June 19-22, 2023, at The Greenbrier in White Sulphur Springs, WV. We’ll be celebrating KADA’s 85th birthday, so it will definitely be a convention to remember!

As we are in the midst of an election year, it’s more important than ever that we have a strong, unified voice to tell our story to elected officials who craft the legislation that affects our business.