Declared "Collector Car Appreciation Day" by the U.S. Senate, this Friday, July 9, industry professionals and enthusiasts across the country will gather to celebrate collector cars.

This Friday, industry professionals and enthusiasts across the country will gather to celebrate collector cars. The U.S. Senate declared July 9, 2010, as “Collector Car Appreciation Day” when it passed Senate Resolution 513 (S. Res. 513) at the request of SEMA and the Automotive Restoration Market Organization (ARMO) council.

S. Res. 513 was sponsored by Congressional Automotive Performance and Motorsports Caucus members Senator Jon Tester (D-MT) and Senator Richard Burr (R-NC). Senators Tester and Burr have been strong advocates for the automotive hobby in Washington, and S. Res. 513 reaffirms their understanding of the cultural importance of collector cars. The Caucus is an informal, non-partisan group that pays tribute to America’s ever-growing love affair with the car and motorsports.

The resolution recognizes the vital role automotive restoration and collection plays in American society. Restoration businesses help preserve our nation’s heritage while providing well-paying, high-skilled jobs nationwide. Car cruises, club gatherings and other educational events have been scheduled for July 9 nationwide.

Here is a current list of events taking place nationwide.

	Declared "Collector Car Appreciation Day" by the U.S. Senate, this Friday, July 9, industry professionals and enthusiasts across the country will gather to celebrate collector cars.

This Friday, industry professionals and enthusiasts across the country will gather to celebrate collector cars. The U.S. Senate declared July 9, 2010, as “Collector Car Appreciation Day” when it passed Senate Resolution 513 (S. Res. 513) at the request of SEMA and the Automotive Restoration Market Organization (ARMO) council.

S. Res. 513 was sponsored by Congressional Automotive Performance and Motorsports Caucus members Senator Jon Tester (D-MT) and Senator Richard Burr (R-NC). Senators Tester and Burr have been strong advocates for the automotive hobby in Washington, and S. Res. 513 reaffirms their understanding of the cultural importance of collector cars. The Caucus is an informal, non-partisan group that pays tribute to America’s ever-growing love affair with the car and motorsports.

The resolution recognizes the vital role automotive restoration and collection plays in American society. Restoration businesses help preserve our nation’s heritage while providing well-paying, high-skilled jobs nationwide. Car cruises, club gatherings and other educational events have been scheduled for July 9 nationwide.

Here is a current list of events taking place nationwide.

	Declared "Collector Car Appreciation Day" by the U.S. Senate, this Friday, July 9, industry professionals and enthusiasts across the country will gather to celebrate collector cars.

This Friday, industry professionals and enthusiasts across the country will gather to celebrate collector cars. The U.S. Senate declared July 9, 2010, as “Collector Car Appreciation Day” when it passed Senate Resolution 513 (S. Res. 513) at the request of SEMA and the Automotive Restoration Market Organization (ARMO) council.

S. Res. 513 was sponsored by Congressional Automotive Performance and Motorsports Caucus members Senator Jon Tester (D-MT) and Senator Richard Burr (R-NC). Senators Tester and Burr have been strong advocates for the automotive hobby in Washington, and S. Res. 513 reaffirms their understanding of the cultural importance of collector cars. The Caucus is an informal, non-partisan group that pays tribute to America’s ever-growing love affair with the car and motorsports.

The resolution recognizes the vital role automotive restoration and collection plays in American society. Restoration businesses help preserve our nation’s heritage while providing well-paying, high-skilled jobs nationwide. Car cruises, club gatherings and other educational events have been scheduled for July 9 nationwide.

Here is a current list of events taking place nationwide.

	Declared "Collector Car Appreciation Day" by the U.S. Senate, this Friday, July 9, industry professionals and enthusiasts across the country will gather to celebrate collector cars.

This Friday, industry professionals and enthusiasts across the country will gather to celebrate collector cars. The U.S. Senate declared July 9, 2010, as “Collector Car Appreciation Day” when it passed Senate Resolution 513 (S. Res. 513) at the request of SEMA and the Automotive Restoration Market Organization (ARMO) council.

S. Res. 513 was sponsored by Congressional Automotive Performance and Motorsports Caucus members Senator Jon Tester (D-MT) and Senator Richard Burr (R-NC). Senators Tester and Burr have been strong advocates for the automotive hobby in Washington, and S. Res. 513 reaffirms their understanding of the cultural importance of collector cars. The Caucus is an informal, non-partisan group that pays tribute to America’s ever-growing love affair with the car and motorsports.

The resolution recognizes the vital role automotive restoration and collection plays in American society. Restoration businesses help preserve our nation’s heritage while providing well-paying, high-skilled jobs nationwide. Car cruises, club gatherings and other educational events have been scheduled for July 9 nationwide.

Here is a current list of events taking place nationwide.

	Declared "Collector Car Appreciation Day" by the U.S. Senate, this Friday, July 9, industry professionals and enthusiasts across the country will gather to celebrate collector cars.

This Friday, industry professionals and enthusiasts across the country will gather to celebrate collector cars. The U.S. Senate declared July 9, 2010, as “Collector Car Appreciation Day” when it passed Senate Resolution 513 (S. Res. 513) at the request of SEMA and the Automotive Restoration Market Organization (ARMO) council.

S. Res. 513 was sponsored by Congressional Automotive Performance and Motorsports Caucus members Senator Jon Tester (D-MT) and Senator Richard Burr (R-NC). Senators Tester and Burr have been strong advocates for the automotive hobby in Washington, and S. Res. 513 reaffirms their understanding of the cultural importance of collector cars. The Caucus is an informal, non-partisan group that pays tribute to America’s ever-growing love affair with the car and motorsports.

The resolution recognizes the vital role automotive restoration and collection plays in American society. Restoration businesses help preserve our nation’s heritage while providing well-paying, high-skilled jobs nationwide. Car cruises, club gatherings and other educational events have been scheduled for July 9 nationwide.

Here is a current list of events taking place nationwide.

Small-business owners and consumers shopping for health insurance have a new tool to learn more about the health care options in their area. The site, www.healthcare.gov, provides information on coverage options, health care providers and important dates for the implementation of the new health care law.

The website identifies available insurance options for small-business owners and, beginning in October 2010, will allow users to compare prices between insurance companies tailored to their individual needs. The site currently provides information on 3,531 small-employer health insurance options and 2,030 individual health insurance plans. In addition, users can compare hospitals, access information on Medicaid and learn more about the new health care law.

To access the site, click on www.healthcare.gov. For questions about the health care law, contact Dan Sadowski at dans@sema.org.

Small-business owners and consumers shopping for health insurance have a new tool to learn more about the health care options in their area. The site, www.healthcare.gov, provides information on coverage options, health care providers and important dates for the implementation of the new health care law.

The website identifies available insurance options for small-business owners and, beginning in October 2010, will allow users to compare prices between insurance companies tailored to their individual needs. The site currently provides information on 3,531 small-employer health insurance options and 2,030 individual health insurance plans. In addition, users can compare hospitals, access information on Medicaid and learn more about the new health care law.

To access the site, click on www.healthcare.gov. For questions about the health care law, contact Dan Sadowski at dans@sema.org.

The Small Business Administration (SBA) released a study that examines the types of credit used by small businesses, namely bank credits (loans or lines of credit) and trade credits (from suppliers). The study compares companies that use credit (leveraged) with those that do not (unleveraged).

The report found that the two types of credit are complements, with many small firms using both types simultaneously. The study also found that small firms that use no credit are significantly smaller, more profitable and have better credit quality, but hold fewer tangible assets. Firms that use credit tend to be larger, and the amount of credit used as a percentage of assets is positively related to the firm’s liquidity.

Trade credits are used by about 60% of the leveraged firms. Credit use varies by industry. Firms avoiding credit are generally associated with the service and retail sectors, while the manufacturing sector is more likely to borrow bank loans or use trade credits.

Click here to download the [PDF] report. 

Questions may be directed to Stuart Gosswein stuartg@sema.org.

The Small Business Administration (SBA) released a study that examines the types of credit used by small businesses, namely bank credits (loans or lines of credit) and trade credits (from suppliers). The study compares companies that use credit (leveraged) with those that do not (unleveraged).

The report found that the two types of credit are complements, with many small firms using both types simultaneously. The study also found that small firms that use no credit are significantly smaller, more profitable and have better credit quality, but hold fewer tangible assets. Firms that use credit tend to be larger, and the amount of credit used as a percentage of assets is positively related to the firm’s liquidity.

Trade credits are used by about 60% of the leveraged firms. Credit use varies by industry. Firms avoiding credit are generally associated with the service and retail sectors, while the manufacturing sector is more likely to borrow bank loans or use trade credits.

Click here to download the [PDF] report. 

Questions may be directed to Stuart Gosswein stuartg@sema.org.

SEMA-supported legislation to extend the emissions inspection exemption to vehicles five model years old or newer has been signed into law by New Jersey Governor Chris Christie. The new law acknowledges the relatively minimal environmental impact of the vehicles targeted for this exemption and that it is senseless to test newer vehicles, the results of which demonstrate no significant air-quality benefits.

The idea behind exempting any class of vehicles is to reduce costs while not losing appreciable emissions reductions. This strategy builds support for emissions-inspection programs, but also directs finite resources to where they will be most valuable in cleaning the air. New Jersey already exempts historic (at least 25 years old) and collector (driven no more than 3,000 miles per year and insured for limited use) vehicles from emissions testing. The logic for this trend is clear—such vehicles do not contribute in significant ways to air-quality problems. This logic applies equally to newer cars.

For details, contact Steve McDonald at stevem@sema.org.