©2024 West Virginia Automobile Dealers Association (WVADA) | The newsLINK Group, LLC. All rights reserved. The WVADA News is published four times each year by The newsLINK Group, LLC for the WVADA and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. 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 circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the WVADA, 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. The WVADA News is a collective work, and as such, some articles are submitted by authors who are independent of the WVADA. While the WVADA News encourages 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 publisher at 855.747.4003. CONTENTS 6 PRESIDENT’S MESSAGE Legislative Wrap-Up BY JARED WYRICK, PRESIDENT, WVADA 8 Fredrick Timbrook Honored at 2024 NADA Show in Las Vegas! 10 2024 VIP Gala and WV Auto Show Pictures 12 2024 WVADA Dealer Family Convention 14 Cross-Sell Is Now a WVADA Endorsed Partner 16 COUNSELOR’S CORNER West Virginia Franchise Law Strengthened BY JOHNNIE BROWN, ESQ., PULLIN, FOWLER, FLANAGAN, BROWN & POE PLLC 18 Save the Dates! Motor Vehicle & Title Registration Seminar 19 BY THE NUMBERS Estate Tax Exemption Is Now the Right Time to Gift? BY TASHA SINCLAIR, CPA/ ABV, PRINCIPAL, TETRICK & BARTLETT PLLC 20 Structure Reinsurance To Get the Most From Your Warranty Programs BY TRUIST DEALER SERVICES 22 WVADA Preferred Partner Programs 23 Give Me a Brake A Summary of the CARS Rule BY HAO NGUYEN, CHIEF LEGAL OFFICER, COMPLYAUTO 26 In the Community 30 Executive Committee, Board of Directors, Directors At Large, and Meet Our Team 2024 Issue 1 8 12 10 WVADA News 4
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