THE CIADA OFFICE IS OPEN!

RELY ON CIADA FOR COVID-19 UPDATES

Your CIADA is dedicated to following every aspect of the changes happening at the federal, state and local levels regarding the COVID-19 pandemic and how those changes affect our dealers. As your legislative and supportive body, we are here to help you in every way possible. Bookmark this page and we will share all pertinent updates here!

License renewals still must be competed on time.  Auto Industry Division is still open for mail and drop box renewals and applications.  To get your bond – email Chris Choka at cchoka@ciada.org

UPDATE November 24

Click to view the COVID-19 Dial Dashboard

UPDATE April 2

Click to view the webcast on The CARES ACT and its impact on your dealership

UPDATE March 27

UPDATE FROM YESTERDAY’S DEALERSHIP MUST CLOSE ORDER: ONLINE SALES ARE NOW PERMITTED

Language from the Colorado Department of Transportation – “With respect to retail sales, the Governor’s Executive Order does not allow for these to take place in person right now (the Executive Order will be in place until at least April 11) given the public health crisis we are dealing with and the need for strict social distancing. However, the Executive Order does allow for online orders and delivery during this time”.  

“Please note that the Executive Order  requires strict social distancing and cleaning protocols for all functions, including critical ones, and encourages any functions that can be done from home (e.g. business office, finance officers, etc.) to be done from home”.

CIADA does not have any more detailed information than that above from CDOT.  Sell online and deliver the vehicle in a sanitary manner that is safe for you, safe for the customer and has absolutely no chance to spread the COVID 19 virus.  Again, this is all the information available for now.  If and when any more is released – we will send out an update.

Please understand – retail sales from your showroom are still not allowed.

UPDATE: March 25, 2020

Keep American Workers Paid Act
Below is information on the Federal Stimulus bill providing financial help for dealers from Whipplewood CPA’s, a CIADA Preferred Provider.

The Senate is expected to pass tonight The Keeping American Workers Paid and Employed Act. It would provide $377 billion to help prevent workers from losing their jobs and small businesses from going under due to economic losses caused by the COVID-19 pandemic. The Paycheck Protection Program would provide 8 weeks of cash-flow assistance through 100 percent federally guaranteed loans to small employers who maintain their payroll during this emergency. If the employer maintains its payroll, then the portion of the loan used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven, which would help workers to remain employed and affected small businesses and our economy to recover quickly from this crisis. This proposal would be retroactive to February 15, 2020 to help bring workers who may have already been laid off back onto payrolls.

  • Paycheck Protection Program
    • The bill would provide $350 billion to support loans through a new Paycheck Protection Program for:
      • Small employers with 500 employees or fewer, as well as those that meet the current Small Business Administration (SBA) size standards;
      • Self-employed individuals and “gig economy” individuals; and
      • Certain nonprofits, including 501(c)(3) organizations and 501(c)(19) veteran organizations, and tribal business concerns with under 500 employees.
    • The size of the loans would equal 250 percent of an employer’s average monthly payroll. The maximum loan amount would be $10 million.
    • Covered payroll costs include salary, wages, and payment of cash tips (up to an annual rate of pay of $100,000); employee group health care benefits, including insurance premiums; retirement contributions; and covered leave.
    • The cost of participation in the program would be reduced for both borrowers and lenders by providing fee waivers, an automatic deferment of payments for one year, and no prepayment penalties.
    • Loans would be available immediately through more than 800 existing SBA-certified lenders, including banks, credit unions, and other financial institutions, and SBA would be required to streamline the process to bring additional lenders into the program.
    • The Treasury Secretary would be authorized to expedite the addition of new lenders and make further enhancements to quickly expedite delivery of capital to small employers.
    • The maximum loan amount for SBA Express loans would be increased from $350,000 to $1 million. Express loans provide borrowers with revolving lines of credit for working capital purposes.

Attached is the entire article – click here for Whipplewood’s website.

RESOURCE LINKS

Please click here for the NIADA Information  This site contains up to date Federal Legislation and other details to help dealerships. 

Please click here for unemployment information