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Idaho Automobile Dealers Association News and Updates

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Release Date: 11/20/2009

IRS Sets Target Date for Dealers
UNICAP (Uniform Capitalization Rules) is a term that has been bandied about as the industry boogeyman for the past several years without much discussion of what it is or how it affects the new car industry.
Release Date: 10/13/2009

SBA Floorplan Loan Program Remains Lifeless
The lack of available floorplan lending has been a serious problem for dealerships throughout the country for the past year. As finance companies and banks reduce or terminate their floorplan lines of credit, or exact stiff demands to continue lending (curtailment payments, large balance cash accounts, personal guarantees, etc.), many dealers have been left without the ability to find a replacement floorplan lender.
Release Date: 10/13/2009

CARS PROGRAM
(CARS) Idaho Sales Tax (CARS) Program Outline (CARS) Program Update (CARS) Salvage HELP
Release Date: 7/24/2009

Cash for Clunker FACTS
10 Things Dealers Need to Know about Cash for Clunkers
Release Date: 7/1/2009

Feds Crack Down on Spam ''Robo-Calls''
Federal regulators filed suits Thursday against several companies they say are behind a national wave of spam "robo-calls" that warn people their auto warranties are expiring and offer new service plans.
Release Date: 5/14/2009

Senate votes in favor of gas tax hike
The Senate has voted 21-14 in favor of HB 96 as amended, which not only removes an ethanol exemption from fuel tax, but now also raises Idaho’s gas tax by 3 cents per gallon next year and another 3 cents the following year, and raises an array of DMV fees.
Release Date: 4/21/2009

Yes, People Buy Ferraris in a Recession
This is a tough time for the very wealthy. Despite all this, the makers of ultra-luxury cars—vehicles priced above $100,000—still believe in the American dream.
Release Date: 4/15/2009

The Great Electric Car Race
International automakers are virtual light years ahead of American domestic manufacturers when it comes to producing alternative fuel vehicles.
Release Date: 4/15/2009

Special Tax Break Available for New Car Purchases
WASHINGTON — The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year
Release Date: 3/30/2009

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