7 UTAH AUTO DEALER Currently, our industry is faced with the changes that the new FTC Vehicle Shopping Rule will undoubtedly bring. Experts have voiced concerns that this rule will inject large amounts of time, cost and complexity into the vehicle sales process. This undermines industry efforts to streamline and improve customer experiences. On Oct. 4, 2023, Sen. Maron (R-KS) and Sen. Manchin (D-WV) introduced the FTC REDO Act. This bill would stop the proposed rule, which many believe is rushed and has taken an irresponsible approach. NADA expects this legislation to be introduced in the House and is expecting bipartisan support to address this concerning issue. Additionally, topics like LIFO Relief, electrification of the market and catalytic converter theft are being addressed by leaders in Washington, D.C., with input from NADA. Your voice is important in these conversations as well. I encourage you to reach out to the NCDU and your local representatives and engage in the critical conversations that need to be had. As you well know, 2024 is a big election year. It is more important than ever that we elect leaders that will support our industry. Taking time to do research on the candidates and ask thoughtful questions is more imperative than ever. With everything I have mentioned above and many other challenges I haven’t covered in this message, sometimes work, and even life, can seem overwhelming if we let it. When facing change, I think that Margaret J. Wheatley said it best: “In these troubled, uncertain times, we don't need more command and control; we need better means to engage everyone's intelligence in solving challenges and crises as they arise.” And that is where you, the NCDU members, have always stepped up and risen to the challenge. Thank you for all that you do to keep our association and industry strong. As always, don't hesitate to reach out to me with questions, concerns or just to share a great idea. I hope you and yours have a happy holiday season and a wonderful new year! Warmest regards, Craig A comprehensive understanding of your operations puts you in the driver’s seat. Eide Bailly’s dealership diagnostic check identifies issues, highlights strengths, and uncovers opportunities for improvement so you can keep your dealership running at peak performance. use your numbers to fuel success. eidebailly.com
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