Pub. 5 2023 Issue 3

In the ever-evolving landscape of automotive employment and education, the workforce development team has been diligently working to help bridge the gap between skills and opportunities afforded to students and instructors, and members’ automotive businesses.

NHADA Workers’ Compensation Trust (WCT) members should now have their rebate checks. The Board of Trustees and staff are pleased to be able to return $1.8 million dollars as the 2023 rebate. Funds from 2019, 2020 and 2021 were released, based on the actuarial analysis and board approval, to make up the 2023 rebate. The actuaries’ goal is to release as much money as possible from past fund years while retaining enough money in reserve for the WCT to remain in the 99% confidence level — money held in reserve is intended to cover losses both reported and those that may not yet have been reported. No money is released from the 2022 Fund Year as those claims continue to develop. When claims are over one year old, their ultimate cost is more predictable, and the actuary has greater confidence in releasing funds for that year.

The number one benefit of being an NHADA member is having a sense of community and a voice in your industry. Where did you grow up? I come from a small town in Northwestern New Jersey named Mountain Lakes. What is your educational background? I completed my undergrad at Roanoke College in Salem, Virginia, with

Please join the NHADA Board of Directors for a Town Hall meeting with NADA President Mike Stanton. He will be discussing issues of importance to our franchised new car and truck dealer members.

By the time you read this, the FTC Safeguards Rule (Rule) will have been in effect for at least a month. The Rule, which was previously scheduled to go into effect last November, has been live since June 9, 2023. The Rule, in short, requires dealers to undertake a series of procedural, technical and contractual steps to protect consumer and other personal data.

Hello, and welcome back for another year of membership with the NHADA. By now, you have completed your renewal, and some of you have recently attended our Annual Convention. This year, our members, partners and their families visited the Mountain View Grand Resort & Spa in Whitefield, NH, from June 25-27. Attendees enjoyed some business networking, an informative session by the NH DMV and State Police, dining and entertainment, local activities and more. For a full recap of the event, including photos, please see page 18.

Hello, and welcome back for another year of membership with the NHADA. At this point, we have finished our renewal cycle, and I am happy to report that 97% of our members have come back for another year. Our members continue to come back year after year, and we continue to show marked growth, with much credit to our wide array of benefits and services.