VADA Updates

Messages from President & CEO Don Hall and Team VADA

May 27: Read about Governor Ralph Northam’s new Executive Order 63, which mandates face coverings for all Virginians in public indoor settings, with limited exceptions. Today, Governor Northam announced all Virginia localities will be in Phase One of his reopening plan, “Forward Virginia,” this Friday (May 29). Also, learn about a new tool designed to help individuals self-screen for COVID-19. See two Interim Final Rules from the U.S. Small Business Administration (SBA) about Paycheck Protection Program (PPP) loan forgiveness. Read NADA’s updated FAQs on the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Check out a webinar Bloomberg is holding tomorrow (May 28) on “The Auto Industry Road to Recovery,” featuring Kevin Tynan. And review material we’ve shared before about what to do if an employee at your dealership tests positive for COVID-19. Get the full memo.

May 21: See the latest from the Virginia Department of Motor Vehicles (DMV), which on Monday (May 18) resumed in-person services by appointment at select Customer Service Centers (CSCs) across the state. Consider NADA’s updated preliminary guidance on Paycheck Protection Program (PPP) loan use and forgiveness, which now reflects the PPP Loan Forgiveness Application and instructions the U.S. Small Business Administration (SBA) published late last week. Check out a new SBA report that reflects all PPP loan activity through May 16. Lastly, don’t miss Bloomberg’s webinar next week on “The Auto Industry Road to Recovery.” Full details here.

May 19: read an Automotive News article featuring the community service efforts of Carter Myers Automotive, led by VADA Executive Committee member Liza Borches. Check out another from the Richmond Times-Dispatch on Virginia transportation revenues after Secretary of Finance Aubrey Layne spoke yesterday to the Virginia House of Delegates Appropriations Committee. See the new Paycheck Protection Program (PPP) Loan Forgiveness Application, which the U.S. Small Business Administration (SBA) released Friday (May 15). Also, view letters VADA wrote U.S. Senators Mark Warner and Tim Kaine about recent federal guidance. Read the full letter.

May 14: Review critical updates from the U.S. Small Business Administration (SBA): The agency removed the May 14, 2020 deadline for returning Paycheck Protection Program (PPP) funding and provided clear guidance for borrower certifications. Read how the Virginia Motor Vehicle Dealer Board (MVDB or “Dealer Board”) will begin limited salesperson qualification testing by appointment. See how the Virginia Department of Motor Vehicles (DMV) will begin a phased reopening this coming Monday (May 18). And catch CBT News Jim Fitzpatrick’s latest interview with Bloomberg’s Kevin Tynan, a frequent VADA convention speaker. Get the full letter.

May 12 - Part 1: Read new requirements under Governor Ralph Northam’s Executive Order 61 and corresponding Guidelines for All Business Sectors, as the Commonwealth experiences loosened restrictions on businesses and individuals as early as Friday (May 15). At the end of this update, see the latest on how Northern Virginia localities — hit hard by the coronavirus — may experience loosened restrictions more slowly than others. Read Part 1.

May 12 - Part 2: See that Virginia Department of Motor Vehicles (DMV) offices remain closed until further notice. Check out a helpful document from the VADA Group Self Insurance Agency (GSIA) on practicing safety during customer vehicle pickup and delivery. Watch or listen to the latest VADA High Octane Podcast, addressing state and federal governmental action in response to COVID-19. Read a valuable summary NADA provides of the federal loan options available to dealers. See the latest from the IRS plus an Interim Final Rule (IFR) the U.S. Small Business Administration (SBA) and U.S. Treasury issued, extending the safe harbor deadline for returning a Paycheck Protection Program (PPP) loan. Read Part 2.

May 7: View the latest figures from the U.S. Small Business Administration (SBA) concerning Paycheck Protection Program (PPP) loans. See a letter Congressional leaders wrote the IRS, asking the agency reverse its position that forgiven PPP loan expenses may not be deducted for federal income tax purposes. Catch the latest VADA High Octane Podcast, featuring VADA Board Member and Steven Nissan dealer principal Jake Sodikoff. And see where the SBA extended the deadline by which businesses can return PPP loans and be deemed to have applied for the loan in good faith. See the full memo.

May 5: Read about Governor Ralph Northam’s extension of Executive Order 53 and plans to loosen restrictions on Virginia businesses as early as next Friday, May 15. Take in a motivating message from VADA Chairman and Loyalty Automotive President Dave Perno, as featured yesterday (May 4) by Richmond BizSense. See a reminder about recent IRS guidance that changes a dealer group’s risk/reward analysis of a Paycheck Protection Program (PPP) loan. Learn about changes the Federal Reserve Board (FRB) made to the Main Street Lending program. Lastly, view updated PPP FAQs from the U.S. Small Business Administration (SBA)/U.S. Treasury and NADA. Full details here.

May 1: Read about creating an individualized strategy for your dealership’s Paycheck Protection Program (PPP) loan. See a new interim final rule the U.S. Small Business Administration (SBA) issued yesterday (April 30). And check out recent guidance from the U.S. Centers for Disease Control and Prevention (CDC) and U.S. Environmental Protection Agency (EPA) for businesses and others about cleaning and disinfecting. Read the full letter.

April 29: If you’ve obtained a loan through the Paycheck Protection Program (PPP), it's critical your organization develops a plan to properly use that funding to get complete loan forgiveness. New materials NADA and Dixon Hughes Goodman designed to help you do just that. Also, see new guidance the U.S. Small Business Administration (SBA) and U.S. Treasury issued regarding the PPP. Check out the latest VADA High Octane Podcast about how dealers are responding to the pandemic. See data from Cox Automotive about April auto sales. And read the latest concerning the 2020 VADA Annual Convention. Check out the full letter.

April 27: The U.S. Small Business Administration (SBA) resumed accepting loans under the Paycheck Protection Program (PPP). Get NADA's updated FAQs on the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to new guidance from the SBA and U.S. Treasury. Check out articles Automotive News published indicating U.S. auto sales may be better off than once feared considering the pandemic. And see Governor Ralph Northam’s blueprint for relaxing restrictions designed to mitigate the spread of COVID-19. See the full memo.

April 24: Includes VADA’s letter to Governor Ralph Northam, requesting he remove the 10-patron limitation on sales departments considering recent federal guidance. See how the Governor extended DMV closures and continued the suspension of enforcement of motor vehicle safety inspections. Review how the Virginia General Assembly addressed Governor Northam’s amendments to the state budget and legislation increasing the minimum wage. Watch a WAVY News 10 segment, showcasing the steps Priority Automotive in Chesapeake is taking to do business while protecting employees and customers. And read what the U.S. House of Representatives did with $484 billion legislation to provide more funding for the Paycheck Protection Program (PPP). Get the full letter.

April 22: Read a brief summary of legislation the U.S. Senate passed Tuesday (April 21) to provide additional funding for the Paycheck Protection Program (PPP). View updated FAQs from NADA about the Coronavirus Aid, Relief, and Economic Security (CARES) Act and Families First Coronavirus Response Act (FFCRA). See what’s in store for state senators and delegates, who reconvene in Richmond today amid unusual circumstances to consider legislation the Governor vetoed or amended. And check out this week’s lineup for the NADA Dealership Lifeline Webinar Series. Get the full letter.

April 20: Read NADA comments filed with the Federal Reserve concerning the new Main Street Lending Program. Learn about President Trump’s new Guidelines for Opening Up America Again. See updated guidance from the Department of Homeland Security (DHS), which classifies vehicle service and sales as “essential.” Read a summary of our most recent survey administered to VADA members concerning PPP loans and business operations during the pandemic. View an article from CNBC, which quotes J.D. Power suggesting April auto sales might be better than initially feared. And check out this week’s lineup of presentations on the NADA Dealership Lifeline Webinar Series. Read the full letter.

April 17: Read NADA’s new guidance on Paycheck Protection Program (PPP) loan use and forgiveness and more on dealership health and safety concerns. Read the notice from the U.S. Small Business Administration (SBA) after the PPP reached its $349 billion limit. Watch CBT News’ interview with Kevin Reilly of Alexandria Hyundai and Genesis of Alexandria. Check out SESCO’s summary of clarifying guidance from the U.S. Department of Labor (DOL). Learn about a new webinar series, premiering Tuesday, from Cox Automotive, and visit past and future webinars from Dixon Hughes Goodman LLP (DHG) and NADA. Check out the full letter.

April 15: Executive Order 53 its extended, what to do if an employee tests positive for COVID-19,  Paycheck Protection Program (PPP) loan approval numbers, and the evolution of online car buying. Full letter available here.

April 13: Read the letter from auto industry representatives to the U.S. Treasury and the Small Business Administration (SBA) concerning captive finance companies and Paycheck Protection Program (PPP) loans. Plus, see NADA’s A Dealer Guide to Safely Operating Your Dealership During a Pandemic and an article from the Chesterfield Observer, detailing how the county’s car dealers are working through difficult circumstances. Get the full letter.

April 10: New payroll assistance programs for businesses, guidance from OSHA, upcoming webinars from our friends at Dixon Hughes Goodman (DHG) and a library of past webinars from NADA. Read the full letter.

April 9: Richmond's McGeorge Toyota on CBT News, NADA national COVID-19 survey results, and upcoming webinars from our friends at Dixon Hughes Goodman (DHG) and NADA. Check out the full letter.

April 8: Updates to our website, NADA FAQs on the Paycheck Protection Program (PPP), and how Congress is working to provide even greater support for the financial assistance made available by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Read more.

April 7: The latest on the Paycheck Protection Program and other items within the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Check out upcoming webinars, including tomorrow’s presentation from SESCO on the Families First Coronavirus Response Act (FFCRA). Watch how one Northern Virginia dealer is helping customers through enhanced sanitization and social distancing, and see DOL guidance for the Pandemic Unemployment Assistance (PUA) Program. Full update.

April 6: We highlight the latest recommendations from the U.S. Centers for Disease Control and Prevention (CDC) and why heeding their advice is important for Virginia franchised auto dealers. We alert you to the new interim final order the U.S. Small Business Administration (SBA) issued last Friday and NADA’s corresponding analysis. We’ll also look at Governor Northam’s frequently asked questions on his “stay at home” directive. The questions and answers his administration provides could help you comply and stay in business. Lastly, be sure to view recordings of last week’s NADA webinars and catch those scheduled for this week. Read the update.

April 3: Today is the first day small and midsized businesses can apply for Paycheck Protection Program loans. For information, see SBA’s PPP webpage. You can also view the updated borrower application and see if your bank is among the lenders approved to help facilitate PPP loans. Or find eligible lenders in real time using this tool. Read the letter.

April 2: In today’s memo, we highlight a VADA commercial that will air statewide, a new Temporary Rule from the DOL, questions and answers from the IRS, NADA’s “Dealership Webinar Lifeline Series,” and more guidance for you to consider upon learning an employee tested positive for COVID-19. Read more.

April 1: We ask dealerships for good news, relay information from a recent survey we administered on dealer impacts, and alert you to new information from the U.S. Small Business Administration (SBA) and U.S. Treasury about the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Small businesses eligible for Paycheck Protection Program (PPP) loans may submit applications starting this Friday, April 3, 2020. Read more.

March 31: Updates and reminders regarding recent dealership-related COVID-19 news, like the FFCRA Cares Act, NADA efforts, Motor Vehicle Dealers Board (MVDB) positions on salesperson licenses, and Executive Orders 53 and 55. Read the letter.

March 30 (Letter 2): Updates on the FFCRA, Cares Act, and statements for employees and customers. Read the letter.

March 30 (Letter 1): An update on the Governor's news conference and "stay at home" Executive Order 55, which does not appear to change the requirements set forth in last week’s Executive Order 53 as it pertains to Virginia’s franchised auto dealerships. Read our letter.

March 27: The latest updates from the federal government, more on the FFCRA and its implementation by the Department of Labor, and insights on the CARES Act. Read more.

March 25: Don Hall discusses ways to effectively lead your organization, take crucial steps to ensure compliance, and record your activities to protect both the public and your business during this pandemic. Read more here.

March 24: As you know, Governor Ralph Northam is permitting service and sales departments to remain open at Virginia’s franchised new car and truck dealerships. Don Hall advises to use of common sense to protect your customers, employees, and dealerships. It is important that dealers remain compliant in these uncertain times. Read more here.

March 23: Don Hall addresses Governor Northam's Executive Order 53, ordering the closure of non-essential businesses, banning gatherings of 10 or more people, and closing all K-12 schools for the remainder of the academic year. His response outlines the rules for keeping essential dealerships and service departments open and running safely. Read it here.

March 20: VADA President and CEO Don Hall sent a letter to Virginia Gov. Ralph Northam asking the Administration to recognize that automobile dealerships – which include both service and sales departments — be classified as essential businesses to ensure Virginians have safe access to transportation, especially in times of national emergency. This letter was reviewed with the VADA Board of Directors, who gave it their support. Read the letter.

The content on this webpage is not intended as legal advice. If you require legal advice, please contact your attorney. The content on this webpage reflects information at the time the content was created and, given the changing circumstances surrounding COVID-19, is subject to change at any time.