Houston Independent Automobile Dealers Association June Issue: Floor Planning | Page 5

Rick Maroney

From the President

Greetings Dealers,

The Houston Independent Automobile Dealers Association's purpose is to grow, learn and share information with our community of Dealers. We are pleased to welcome new members Cindy White of CW Auto Solutions, Mike Shaik of Drive Town, Mohamad Abid of Lone Star McDavid, Bobby Taici of Nationwide Auto Source and Jimmy Vitela of Northstar Auto Group. May we enjoy a long and prosperous partnership.

Thank you to the HIADA Board members and Associate Vendors for contributing to the Association’s growth and success. The HIADA Auction Lanes are doing well and growing. Manheim and Adesa Auctions have provided our members with premium numbers, giving Dealers an advantage in selling their vehicles. I encourage you to help support HIADA by giving the Auction lanes a try. I think that you will be greatly pleased.

HIADA hosted Woodlands Financial Services, Inc., Mid Atlantic Finance Company, Third Coast Bank and State Farm Bank at the well attended May 9th meeting. The panelists discussed first time buyer programs, dealer reserve participation and shared collection of accounts receivables in great detail. HIADA members left with new information and good advice.

On July 23rd through the 25th, TIADA will host their Annual Convention and Expo in San Antonio at the Hyatt Regency Country Resort and Spa. This is a wonderful opportunity to attend educational classes and network with vendors and dealers from around the State.

On June 13th, HIADA will present five floor plan companies at Harold's in the Heights at 7:30 p.m. The scheduled Speakers will be representing Westlake Flooring Services, AFC, Automotive Capital Services, Third Coast Bank and NextGear. The program is designed to arm Dealers with the information to better select a Floor Plan company tailored to meet their needs. Please join us for an evening of dinner, education and networking. RSVP at the HIADA website early, as seating is sometimes limited. RSVP here.

We look forward to seeing you at the next meeting. Here’s to a profitable summer season.

Sincerely,

Rick Maroney