Pub. 2 Issue 1

7 SPRING 2014 NADA Director’s UPDATE | BY MARCY H. MAGUIRE NADA’s Service Provider Data Access Addendum Available for Download Earlier this year, NADA’s Legal and Regulatory Affairs department issued a sample Service Provider Dealer Data Access Addendum for dealers to use with their third party service provider vendors. This follows a memo sent in August 2013 from NADA to all members that contained an overview of the primary regulatory issues surrounding dealer data, numerous practical tips for dealers to consider when protect- ing their data, as well as samples of the contract provisions required under federal law when a dealer wishes to allow access to dealer data with a third party service provider. The Addendum is now available to dealers as a Word document at www.nada.org/dealerdata. Enroll To Participate In The 2014 NADA Dealership Workforce Study A major challenge facing new-car and -truck dealers is attract- ing and keeping talented employees. To assist dealers with this task, NADA offers the Dealership Workforce Study, now open for enrollment to NADA and ATD members. There is no cost to participate. Participating dealers will receive two compli- mentary reports designed to improve recruiting and hiring de- cisions: • 2014 Dealership Workforce Study Basic Report , a custom report that compares the individual dealership’s compensation for 60 job positions, employee benefits programs, hours of operation, work schedules, and retention and turnover to the aggregated data of other participating dealerships, both regionally and nationally; and • 2014 Dealership Workforce Study Industry Report , which provides an industry-wide analysis of the aggregated DWS data, including hiring and retention trends, demographics such as generational differences and the gender gap, compensation, tenure, employee benefits statistics, plus hours of operation and work schedules for all U.S. regions, as well as an economic overview of 2013 and forecast for the future. Dealers can enroll as individual dealerships or dealer groups using a secure, web-based process that involves completing a sur- vey and uploading payroll data. Enrollment closes on April 30, 2014. Eligible dealers can enroll at www.nadaworkforcestudy. com. For more information, send an email to WorkforceStudy@ nada.org or call (800) 557-6232.  NADA Director’s Update — continued on page 8 Your Financial Engine Accelerating business performance with personal service and a full range of credit and treasury management solutions. It’s how we help California dealers achieve new milestones. Derek Comestro Market Executive 949.923.8532 derek.comestro@baml.com “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker‑dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed ©2013 Bank of America Corporation. 07‑13‑0620