Auto Dealer Office Management Association _____________March 2025 NewsTrax Issue
Your monthly news & updates
UPCOMING MEETINGS
Educational meetings are open to all in the automotive industry, but generally designed for the benefit of our Controllers, Business and Office Managers in the Southern and Northern California areas.
EXECUTIVE BOARD MEETING
Date:Saturday, March 15th
Time:9:00 am – 11:00 am
In-Person Meeting Location:
Nissan Buena Park
6501 Auto Center Dr., Buena Park Anaheim, CA
Members welcome, space limited; RSVPASAP if you plan to attend..
March 17th
ADOMA
wishes you a day filled with luck, laughter, and a little bit of charm
We’re excited to announce our upcoming in-person quarterly meeting in Eastvale, CA scheduled for May 2025!
While we’re still finalizing the details, we wanted to give you a heads-up so you can mark your calendars. Stay tuned for more information, including the exact date, location, and agenda. We can’t wait to connect with everyone face-to-face for a productive and engaging session. We look forward to seeing you there!
PRESIDENT'S MESSAGE
Here we are entering the end of the first quarter of 2025! Please save the date for the ADOMA 2025 Educational Conference. Thursday August 7th through Sunday August 10th, 2025.
The theme of this year’s Educational Conference will be, "Changes in Latitude, Changes in Attitude” this theme is so fitting as the Conference will be held at the beautiful Margaritaville Resort in San Diego’s Gas Lamp District.
News: Why Dealerships Need a Data Redundancy Strategy
By Joseph Green, VP of Operations, One View
The ransomware attacks on CDK Global and resulting data outages crippled over 15,000 dealerships and cost them nearly a billion dollars in lost revenue and operational downtime. This was a wake-up call for dealerships about the critical need for strong data redundancy strategies.
How Section 1231 Gains and Losses Affect Business Asset Sales
Published: 02/23/2025
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property.
ADOMA is here to support auto industry professionals by providingeducational programs, leadership skill building, peer support opportunities, and the list goes on!
Interested in reaching the ADOMA membership and our industry friends. Then advertise in our Newsletter, on the Website or by Sponsoring a upcoming event.
