GNYADA February 2014 Newsletter

2 Auto Forum Brings Top Names to New York Go Beyond the Headlines Register Now – Dealer Discount Applies

Hear the following industry leaders speak at the 2014 Forum:

The Forum offers a mixture of keynote addresses and panels that include: What is Affordable Luxury? – Competing and Winning in an Expanding Field of Players

J.D. Power, NADA, and the New York Auto Show have brought together experts to discuss a range of important industry topics at the fifth annual Automotive Forum in New York City on April 15, 2014 at the Grand Hyatt Hotel in Manhattan. This year’s must-attend event brings together over 400 leaders from OEMs, suppliers, retailers, and the media to discuss how industry and economic conditions will shape the future of our industry.

Finbarr O’Neill, J.D. Power Joe Hinrichs, Ford Scott Keogh, Audi Uwe Ellinghaus, Cadillac David Zuchowski, Hyundai Michael Bartsch, Infiniti Steve Cannon, Mercedes-Benz More speakers will be announced during the next few weeks, so stay tuned to learn which industry leaders will be sharing their insights.

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Wall Street’s View of the Auto Industry

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The Intersection of Madison Ave. and Digital Blvd –The New World of Retail Marketing

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Register now to guarantee a place at this important automotive event.

Autonomous Driving Vehicles

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To register go to www.jdpower.com or contact Stephanie Haina at stephanie.haina@jdpa.com for more information.

Show Posters Being Shipped

New NY Clean (Lien Free) Title Program Now Available

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It may not seem like spring is near with all the snow still on the ground, but when

Dealers no longer have to wait up to several months to get a lien free title after paying off the loan balance of a trade-in. GNYADA’s long fought effort for legislation that allows dealers to receive a “clean title” after paying off the loan on a customer’s trade-in went into effect on January 8, 2014. Dealers continue to find themselves waiting an extraordinary amount of time to receive a lien release after the dealer pays off an outstanding loan on a car, from some banks and credit unions. The new law now allows dealers to obtain a clean title (lien free) by applying directly to the DMV after

showing proof of paying off any outstanding balance on a customer’s trade and notifying the lien holder that you will be seeking an expedit- ed clean title from DMV. DMV is required to provide a dealer, when a proper application is submitted, a clean title, within 15 days. GNYADA has prepared instructions, sample forms and letters required to apply for a clean title. For details on how to apply for a clean (lien free) title go to GNYADA’s website at www.GNYADA.com/dealers/news/ lienrelease.pdf.

you get your official New York International Auto Show poster soon, it will mean the weather is about to change and the 2014 Show will be spotlighting nearly 1,000 cars to more than 1,000,000 visitors. Be part of this event and help create the excitement of America’s #1 auto show by prominently displaying the Show poster in your dealership.

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • February 2014

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