Pub. 5 2024 Issue 1

© 2024 Virginia Automobile Dealers Association (VADA) |The newsLINK Group, LLC. All rights reserved. Virginia Auto Dealer is published four times each year by The newsLINK Group, LLC for VADA and is the official publication for the association. The information contained in this publication is intended to provide general information for review and consideration. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your specific circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the association, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Virginia Auto Dealer is a collective work, and as such, some articles are submitted by authors who are independent of VADA. While VADA and the newsLINK Group encourage a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact The newsLINK Group at 855-747-4003. 7 14 16 CONTENTS Pub. 5 2024 Issue 1 Virginia Automobile Dealers Association A MESSAGE FROM PRESIDENT AND CEO DON HALL 4 Our Future Means Engaging in Industry Events 6 A Refresher Quiz for 2024 By Barrett “Barrie” Charapp Beaty, Esq., Charapp & Weiss LLP 7 Will a Southwest Virginia Auto Dealer be West Virginia’s Next Governor? For West Virginia Gubernatorial “Wild Card” Candidate Chris Miller, It All Comes Down to Economics 11 Save the Date! HRADA Charity Golf Tournament 12 Economists Size Up 2024 for Auto Retailers By Michael Skordeles, AIF,® head of U.S. economics at Truist Advisory Services Inc., and Jonathan Smoke, Chief Economist for Cox Automotive. Brought to you by Truist Dealer Services. 14 Martinsville Dealer Honored as TIME Dealer of the Year Nominee 16 VADA, MADA, WANADA Joint Reception Photo Gallery 17 A Refresher Quiz for 2024 — The Answers By Barrett “Barrie” Charapp Beaty, Esq., Charapp & Weiss LLP 20 Registration is Open! VADA ‘24 21 VADA ‘24 Convention Sponsors 22 Leadership 23 Thank You VADA Allied Members 24 Thank You VADA Program Partners 26 VADA Pushes Streamlining of Buy/Sell Transactions in Virginia General Assembly Bill on the Way to Governor’s Desk for Signing into Law 2 Virginia Auto Dealer

RkJQdWJsaXNoZXIy MTg3NDExNQ==