Data & Insight

Michael Wood's Insights from VADA's Dealer Day at the Capitol

VADA's Dealer Day at the Capitol event has plenty for dealers to know.
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Michael Wood's Insights from VADA's Dealer Day at the Capitol

Fun fact: The Virginia General Assembly is the oldest legislative body in the “new world.”

Last week, Michael Wood, a familiar face on Wheelhouse and our first ever “More Than Cars Ambassador,” attended the Virginia Automobile Dealers Association's (VADA) Dealer Day at the Capitol, bringing back valuable insights for our community.

Fun fact 2:  This was also the first session in the new General Assembly building.

Let’s dig in:

Legislative Landscape: A Year of Change
This year marks a significant shift in Virginia's General Assembly, with 28% of its members being new to their roles. This change is especially notable in the Transportation Committees of both the House and Senate, where leadership and membership have seen substantial updates. 

The House Transportation Committee now includes 12 new faces out of 22, with Delegate Karrie Delaney stepping into the role of chair without prior experience in such a position. Similarly, the Senate Transportation Committee welcomes 11 new members to its 15-strong team.

DMV Innovations and Legislative Moves
A key takeaway from the event was the address by Commissioner Gerald Lackey of the VA DMV, focusing on the pivotal move of DMV services to the cloud and the initiative to eliminate wet signatures, necessitating both infrastructural and legislative advancements.

Critical Bills on the Horizon
The spotlight was also on two crucial bills - HB 191 and SB 534, championed by Delegate Austin and Senator Bagby, respectively. VADA has highlighted these bills as priority legislation aimed at simplifying the process for dealers to buy and sell their businesses, ensuring a more objective, efficient, and predictable transaction approval process.

Community Engagement and Advocacy Efforts
Our engagements at the Capitol extended to discussions with the Chiefs of Staff of key legislative members, advocating for support of the aforementioned bills. The collective effort of dealers and representatives, organized into groups, was to underscore the essential role of the dealer franchise network in local communities, especially in supporting non-profit organizations.

Looking Ahead
As we wrap up our coverage of Dealer Day at the Capitol, it's evident that these legislative developments could significantly modernize and enhance the operational landscape for automotive dealerships in Virginia.

The proposed bills, HB 191 and SB 534, promise not only to streamline dealership transactions but also to affirm the indispensable community role of dealers. With the legislative session underway amidst an evolving committee landscape, we stand at a pivotal juncture that could reshape the industry's future in Virginia.

Stay tuned for further updates as we continue to track these legislative proceedings and their implications for the automotive sector.

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